Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33751.

HerrDoktor

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Quote from: fitty on May 04, 2013, 09:48:17 AM

Quote from: HerrDoktor on May 04, 2013, 09:41:44 AM

Seems like we are already back to reality. 107 and falling Huh

See that 3k ask wall at $111? That's to make sure it doesn't bounce back. That's from a person(s) who have spent a lot of coins pushing the price down and they haven't bought back in yet. So they're not going to let the price rally until they do buy back in. From my rough calculations, they need to price to at least get to $65. They've sold a ton of coins sub $100 and if they turn around and just start buying right now it's unlikely they'd break even at best.

When you stop seeing that obvious consolidation after dumps, and of course stop seeing coin dumps into every rally, then you know we're headed back up. Until then, it's just mini rallies that will be dealt with swiftly, punishment turns out to be like 5k coins dumped all once. Wink

thanks for pointing this out to me.

wachtwoord

legendary

Activity: 2324

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Quote from: seleme on May 04, 2013, 09:48:04 AM

Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.

That's completely irrelevant.

That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit.

SlipperySlope

hero member

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Stephen Reed

My highest ask at $104.5 got filled an hour ago, and the one day rally is still going.

SAQ

newbie

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Quote from: seleme on May 04, 2013, 09:40:11 AM

Nobody has idea where it is going, just be careful guys. 4k dump and it's on 103. It went up with pretty low volume, it can change in minute.

The buying pressure seems intense.

I think we are going to hang around 110 - 115 for the next to hours then shoot another leg to 120.

fitty

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Quote from: HerrDoktor on May 04, 2013, 09:41:44 AM

Seems like we are already back to reality. 107 and falling Huh

See that 3k ask wall at $111? That's to make sure it doesn't bounce back. That's from a person(s) who have spent a lot of coins pushing the price down and they haven't bought back in yet. So they're not going to let the price rally until they do buy back in. From my rough calculations, they need to price to at least get to $65. They've sold a ton of coins sub $100 and if they turn around and just start buying right now it's unlikely they'd break even at best.

When you stop seeing that obvious consolidation after dumps, and of course stop seeing coin dumps into every rally, then you know we're headed back up. Until then, it's just mini rallies that will be dealt with swiftly, punishment turns out to be like 5k coins dumped all once. Wink

seleme

legendary

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Duelbits.com

Quote from: ?? on ??

Quote from: Jaroslaw on May 04, 2013, 09:42:18 AM

under 100$ we go, reptelia in deep shit again.

long term i think he (and all btc holders) and going to be more than very fine...

Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them. Some of them, including the trade with you, at not really bargain price. We're still far away of certain Bitcoin huge success, crashes are perfectly possible and when you have lot of money blocked at lower prices for some longer period it starts to be tricky Wink

He is on unlimited money though so his other business won't suffer Cheesy

Cablez

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I owe my soul to the Bitcoin code...

If you really want to throw a monkey wrench into my thinking about our current trend have the price break 150 again. That will cause all kinds of speculation shenanigans.

jl2012

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Quote from: el_rlee on May 04, 2013, 09:44:20 AM

by the way - btcchina.com is not even reachable from within China without VPN or proxy.

FUD? This is the first time I've ever heard this

el_rlee

legendary

Activity: 1600

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by the way - btcchina.com is not even reachable from within China without VPN or proxy.

Edit: just tried - it seams to work again

seleme

legendary

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Duelbits.com

Lot of people bought in 90s, you could expect they'll take a profit of 15 per coin in still very unstable market.

Jaroslaw

member

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supernode

under 100$ we go, reptelia in deep shit again.

wiak2

sr. member

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Quote from: seleme on May 04, 2013, 09:40:11 AM

Nobody has idea where it is going, just be careful guys. 4k dump and it's on 103. It went up with pretty low volume, it can change in minute.

Very prescient of you, looks like we're headed there now.

HerrDoktor

newbie

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Seems like we are already back to reality. 107 and falling Huh

DougTanner

sr. member

Activity: 280

Merit: 250

Quote from: seleme on May 04, 2013, 09:40:11 AM

Nobody has idea where it is going, just be careful guys. 4k dump and it's on 103. It went up with pretty low volume, it can change in minute.

You were saying?

DougTanner

sr. member

Activity: 280

Merit: 250

Quote from: adamstgBit on May 04, 2013, 09:36:56 AM

Quote from: Ultraviolet on May 04, 2013, 09:35:18 AM

That CCTV report is totally someone within the CCP who has a large position in BTC running a pump and dump. Taking anything that comes out of a totalitarian regime's propaganda ministry with anything less than a huge, huge grain of salt is a major mistake.

CCTV report ?

link

http://www.reddit.com/r/Bitcoin/comments/1do4kc/bubble_is_about_to_be_pumped_like_never_before/

seleme

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Duelbits.com

Nobody has idea where it is going, just be careful guys. 4k dump and it's on 103. It went up with pretty low volume, it can change in minute.

fitty

hero member

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Quote from: Rampion on May 04, 2013, 09:36:24 AM

Quote from: Ultraviolet on May 04, 2013, 09:35:18 AM

That CCTV report is totally someone within the CCP who has a large position in BTC running a pump and dump. Taking anything that comes out of a totalitarian regime's propaganda ministry with anything less than a huge, huge grain of salt is a major mistake.

Yeah, let's be serious: its night in China, and we all know it takes time to move fiat to exchanges. Quite a lot of time. Enough said...

If people are making up fake stories about "good news" that's a sign. It's the same when there are fake stories about "bad news". Someone is spreading it, and that person seems to be throwing some cash about the exchange too. Ask walls look a little too consolidated to think we're now in the pump phase. I'd take profits as it goes up.

adamstgBit

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Trusted Bitcoiner

Quote from: Rampion on May 04, 2013, 09:36:24 AM

Quote from: Ultraviolet on May 04, 2013, 09:35:18 AM

That CCTV report is totally someone within the CCP who has a large position in BTC running a pump and dump. Taking anything that comes out of a totalitarian regime's propaganda ministry with anything less than a huge, huge grain of salt is a major mistake.

Yeah, let's be serious: its night in China, and we all know it takes time to move fiat to exchanges. Quite a lot of time. Enough said...

it took me 30 mins last time
this included getting my shoes on
from the time of deposit it took 7MINS! not even enough time for me to get back home Cheesy

DougTanner

sr. member

Activity: 280

Merit: 250

Quote from: el_rlee on May 04, 2013, 09:36:19 AM

Prices on btcchina.com have been constantly 10% higher than MtGox before the crash from 266.

Same with the Canadian exchange, it has been 10-20% higher than Gox for the past 3-4 months. It's just easier for locals to move money into their local exchanges. But anyone can move BTC into Gox with ease and they're less likely to run off with the BTC (or accidentally lose it).

Rampion

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Quote from: wachtwoord on May 04, 2013, 09:37:13 AM

Quote from: Rampion on May 04, 2013, 09:32:54 AM

"don't sell any BTC, just buy more with your spare cash, more when its cheaper and less when its more expensive"....

This. Do not speculate. No-one can predict short term price fluctuations. Everyone that claims he has that skill is either lying or mentally ill Wink

+1000

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