Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31335.

Hfertig

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Activity: 361

Merit: 250

Quote from: Davyd05 on December 06, 2013, 01:28:23 PM

Quote from: accord01 on December 06, 2013, 01:25:40 PM

Quote from: Nolo on December 06, 2013, 01:22:50 PM

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

On the other hand, there is also unlimited of BTC's that can be added to the exchanges to be sold.

or 12,000,000 or so minus -1mil for satoshi and - whatever the feds are holding on to. -whoever is in cold storage
clearly not unlimited lol

You are right, not unlimited. But just guess what is going to happen if just 5% of all coins hit the exchanges.... Not that I am expecting this...

gandhibt

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Activity: 238

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Quote from: gizmoh on December 06, 2013, 01:25:29 PM

Quote from: gandhibt on December 06, 2013, 01:16:23 PM

Quote from: Vigil on December 06, 2013, 01:12:35 PM

Gox's fees are too high. It is unprofitable to trade there.

Yep, so much nicer to pay 0.2 at stamp.

stamp is so difficult to trade when panic occurs as the order book is so anemic.
Btcchina No Fee, plenty of newbie and fat book , that must be yummy..

I don't use/look order book when I trade fast.

accord01

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Merit: 100

Oh man, stamp is going to drag mtgox below 900

accord01

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Activity: 238

Merit: 100

Quote from: Davyd05 on December 06, 2013, 01:28:23 PM

Quote from: accord01 on December 06, 2013, 01:25:40 PM

Quote from: Nolo on December 06, 2013, 01:22:50 PM

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

On the other hand, there is also unlimited of BTC's that can be added to the exchanges to be sold.

or 12,000,000 or so minus -1mil for satoshi and - whatever the feds are holding on to. -whoever is in cold storage
clearly not unlimited lol

well i was kind of looking at it like a revolving door, where btc's sold could get re sold at lower prices...

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: accord01 on December 06, 2013, 01:25:40 PM

Quote from: Nolo on December 06, 2013, 01:22:50 PM

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

On the other hand, there is also unlimited of BTC's that can be added to the exchanges to be sold.

or 12,000,000 or so minus -1mil for satoshi and - whatever the feds are holding on to. -whoever is in cold storage
clearly not unlimited lol

accord01

full member

Activity: 238

Merit: 100

Quote from: Nolo on December 06, 2013, 01:22:50 PM

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

On the other hand, there is also unlimited of BTC's that can be added to the exchanges to be sold.

gizmoh

legendary

Activity: 1428

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Quote from: gandhibt on December 06, 2013, 01:16:23 PM

Quote from: Vigil on December 06, 2013, 01:12:35 PM

Gox's fees are too high. It is unprofitable to trade there.

Yep, so much nicer to pay 0.2 at stamp.

stamp is so difficult to trade when panic occurs as the order book is so anemic.
Btcchina No Fee, plenty of newbie and fat book , that must be yummy..

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Nolo on December 06, 2013, 01:22:50 PM

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

Last weekend we had a dip, there's usually not two in a row. We have seen big rises on weekends. This could be a nice weekend to take those coins from bears.

bitcodo

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Activity: 509

Merit: 500

Can't upload avatar

Coming to your favorite exchange soon!

accord01

full member

Activity: 238

Merit: 100

Quote from: Hfertig on December 06, 2013, 01:21:17 PM

Quote from: accord01 on December 06, 2013, 01:17:11 PM

sigh, wussed out closed my position @ 926. But just started a new short @ 911, forgot today is only friday morning.

Isn´t it funny. In a bull market you sell and buy back higher, in a bear market it is the opposite. you buy back and sell lower. You are not alone...

Lol, yeah. that's why the best traders don't get phased much. they pick a spot and start a position, then go on a vacation, come back and reep the rewards.

derpinheimer

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Activity: 896

Merit: 1000

Quote from: Nolo on December 06, 2013, 01:22:50 PM

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

I would imagine not, since that basically puts us in neutral territory. Either way can go.

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

Thoughts on this theory going into the weekend?

Usually we see a decline in price on the weekends, especially near in time to reaching an ATH.
I believe most people attribute this to a lack of new fiat being able to be pumped into the exchanges to purchase BTC with.

But in this case, with a decline preceding the weekend, there is plenty of fiat already on the exchanges. People sold btc and are now holding fiat on the exchanges. Therefore, everything else being equal, isn't it just as likely that we see a rise over the course of this weekend as it is a decline?

Hfertig

sr. member

Activity: 361

Merit: 250

Quote from: accord01 on December 06, 2013, 01:17:11 PM

sigh, wussed out closed my position @ 926. But just started a new short @ 911, forgot today is only friday morning.

Isn´t it funny. In a bull market you sell and buy back higher, in a bear market it is the opposite. you buy back and sell lower. You are not alone...

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: accord01 on December 06, 2013, 01:17:11 PM

sigh, wussed out closed my position @ 926. But just started a new short @ 911, forgot today is only friday morning.

go for 850 why not.

accord01

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Activity: 238

Merit: 100

sigh, wussed out closed my position @ 926. But just started a new short @ 911, forgot today is only friday morning.

gandhibt

full member

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Merit: 100

Quote from: Vigil on December 06, 2013, 01:12:35 PM

Gox's fees are too high. It is unprofitable to trade there.

Yep, so much nicer to pay 0.2 at stamp.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Vigil on December 06, 2013, 01:12:35 PM

Gox's fees are too high. It is unprofitable to trade there.

try the 1.5% at cavirtex, vos @ .3% looks inticing waiting on CAD deposit and withdrawal methods.

gandhibt

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Activity: 238

Merit: 100

Quote from: Hfertig on December 06, 2013, 01:10:50 PM

Quote from: gandhibt on December 06, 2013, 01:05:57 PM

Quote from: Hfertig on December 06, 2013, 01:02:13 PM

Quote from: gandhibt on December 06, 2013, 12:59:58 PM

Hehe, all these bears want so badly cheap coins. Too bad for them Cheesy

No, I want to make more profit on my short. It will take some time till we see cheap coins

Don't be too greedy, I kindly suggest that you close that one now and take your btc profits.

Thank you for your advice. I do have my limits placed. But no reason to buy back above 900 USD

Okay, good, then you just have to stick to your limits, no matter what.

conspirosphere.tk

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Activity: 2352

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Bitcoin is antisemitic

Quote from: Hfertig on December 06, 2013, 01:02:13 PM

It will take some time till we see cheap coins

it will take just another alt.coin called like that. Cheapcoins^TM: the latecomers' coins.

The bottom we are bouncing on seem convincing, but we have a weekend just starting... -*and now we are just going below*

maz

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Activity: 140

Merit: 100

Quote from: Davyd05 on December 06, 2013, 01:11:03 PM

All I know is the same people have been preaching doom and gloom since October.. and none of the advice would've helped anyone at all.

Correction, called this China related shit on November the 11th I think you'll find. If only to remind folk that we're rallying on the coat tails of a country that takes no shit when it comes to currency matters.

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