Author Topic: Bitcoin at $330 ?  (Read 12053 times)

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Offline mint chocolate chip

We need to get back to what was working, now come on ya'll, let's start chanting "To Da Moon!"

Offline Ander

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Selling your bitcoin is a 50 dkp minus.
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Offline Ander

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We need more DoTs!  More DoTs!
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Offline nomoreheroes7

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Looking at that 21k wall on bitstamp at 3k, and all the tons of small buys into it, I'm like:  "The boss has 21000 hp, go dps!" :D

 +5% need moar tanks

Offline Ander

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Looking at that 21k wall on bitstamp at 300, and all the tons of small buys into it, I'm like:  "The boss has 21000 hp, go dps!" :D
« Last Edit: October 06, 2014, 02:20:40 am by Ander »
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Offline roadscape

This article is sensationalized, but at least it reminds us that these centralized and unregulated exchanges can easily trade with coins that they don't actually own.

Fake Chinese Bitcoins Are Commonplace At Chinese Exchanges Evidence Shows
http://cryptofresh.com  |  witness: roadscape

Offline Riverhead

What I really want to see is us up by 30% while bitcoin is up 10. ;)
+5%

Offline Ander

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That said we have been maintaining a pretty steady $0.03USD/BTSX during the free fall.

Yeah, we have dropped about 10% while bitcoin has dropped 30. 

What I really want to see is us up by 30% while bitcoin is up 10. ;)
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Offline Riverhead


once BTSX/bitUSD has a direct route to fiat and BitShares/Assets are marketed to non crypto folks it won't matter wtf Bitcoin does.

Yes.  But for now, it DOES matter what bitcoin does.  BTSX price is still partially linked to btc price.

Sounds like I3 has some pretty specific plans to uncouple them before the year's out. However, yes, I do agree that right now we are tied. That said we have been maintaining a pretty steady $0.03USD/BTSX during the free fall.

Offline Ander

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once BTSX/bitUSD has a direct route to fiat and BitShares/Assets are marketed to non crypto folks it won't matter wtf Bitcoin does.

Yes.  But for now, it DOES matter what bitcoin does.  BTSX price is still partially linked to btc price. 
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Offline Riverhead

What's the point of such an ostentatious move. Putting $9 million dollar amount of bitcoin in a single limit sell order, is that normal behavior or is this a case of very open manipulation?

I don't think btsx would be unaffected if someone pulled a move like that.

Push the value down enough and the big miners might stop mining, or the Diff will go down to the point other pools can make money? I have no idea but...

once BTSX/bitUSD has a direct route to fiat and BitShares/Assets are marketed to non crypto folks it won't matter wtf Bitcoin does.

Offline CLains

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ok if that wasnt bottom then i have learnt nothing in the last 18 months of trading

Offline JoeyD

Someone put a 40k sell wall on bitstamp today to get the price below $300. Why I don't know, but someone posted a warning for the exact number of bitcoins an hour or so before it actually appeared. What's the point of such an ostentatious move. Putting $9 million dollar amount of bitcoin in a single limit sell order, is that normal behavior or is this a case of very open manipulation?

I don't think btsx would be unaffected if someone pulled a move like that.

Offline Ander

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I think we saw the bottom in bitcoin.  (At least for a while).   Hopefully this is the start of a rally in all crypto.

BTSX did well in this decline, it dropped less than BTC.  Now its time for it to go up faster as well. :)
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Offline kisa

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we had huge daily volume in Bitstamp with BTC falling to 275 today.
reminds much of October 2nd, 2013 when BTC suddenly fell to below 85, this after trading above 100 for months...

my guess (trying to stay unbiased and not mix up intuition with hopes) -> we are seeing short covering / bottom fishing / loading up by whales right now...  quite likely -> this was the big bottom today. the next secular bull could start from now on.
« Last Edit: October 05, 2014, 07:37:53 pm by kisa0145 »