BITCON... WHY its totally FLAWED

holy cow, was on the bus home and wasn't looking, there is some rather large money being thrown around by people
 
2ds said:
holy cow, was on the bus home and wasn't looking, there is some rather large money being thrown around by people
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Depends on your definition of large, we are still only talking a 1.5 billion $ market cap on a global market operating 24/7.

Spec stocks listed on a single exchange get far more than that thrown at them on speculation.

100 BTC buys/sell are $15,000 trades, not a huge amount if you've ever watched even a tiny ASX based spec on a run.
 
pro$pector said:
2ds said:
holy cow, was on the bus home and wasn't looking, there is some rather large money being thrown around by people
Click to expand...

Depends on your definition of large, we are still only talking a 1.5 billion $ market cap on a global market operating 24/7.

Spec stocks listed on a single exchange get far more than that thrown at them on speculation.

100 BTC buys/sell are $15,000 trades, not a huge amount if you've ever watched even a tiny ASX based spec on a run.
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Yeah but those trades are usually other peoples money, I doubt many people are investing other peoples money in this yet, that 150 barrier was about 3m of buys I think...
 
2ds said:
Yeah but those trades are usually other peoples money, I doubt many people are investing other peoples money in this yet, that 150 barrier was about 3m of buys I think...
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I know quite a few daytraders playing with their own cash and punting $30 - $80k on a spec is not unusual at all.
 
pro$pector said:
2ds said:
Yeah but those trades are usually other peoples money, I doubt many people are investing other peoples money in this yet, that 150 barrier was about 3m of buys I think...
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I know quite a few daytraders playing with their own cash and punting $30 - $80k on a spec is not unusual at all.
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My point still stands, I bet they're a bit more careful, 30k is not 3m!
 
2ds said:
My point still stands, I bet they're a bit more careful, 30k is not 3m!
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The 3 million $ is over hundreds (thousands even) of trades though - not a single person.

Last 1 hour trade stats;

17,761.42 total coins

2,655,800.93 total USD price

149.5264 weighted average
 
willrocks said:
Smashed through $150. Where is the next resistance level?
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$180ish, but it went up and down so fast last time there was never any real consolodation so it's basically uncharted territory again haha, but there aren't too many "bubbles" that inflate twice so this is really something new.

Edit: Perhaps the last rise / sell off was the bear trap stage of the classic bubble chart...if that is the case imagine how big this rise could be. :lol:
 
pro$pector said:
mmm....shiney! said:
65 pages of mostly Off Topic prattle. :D
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Why you follow this thread is of great interest to me, I get the impression you understand less than 20% of what is said. :lol:
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I understand the thread topic better than you: BITCON... WHY its totally FLAWED

;)
 
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