Topic: bitcoin bear commentary, what happens if bitcoin breaks $8? - page 3. (Read 4064 times)
MagicalTux had posted that they no longer use dark pools on Mt.Gox. For the very big trades they use immediate-or-cancel and iceberg orders.
I don't know if the bid wall at MtGox is useful as people can remove their bids before they are used (and because of the private/secret pools that don't show up).
Neither private nor secret.
It looks like a general slow downward trend. The current price is around a 60 day (or longer) low.
I don't know if the bid wall at MtGox is useful as people can remove their bids before they are used (and because of the private/secret pools that don't show up). There is almost always a decent sized bid (and ask wall) of 5000-15000 near the current price, unless you have heavy volume and that can leave a 0.5 price range with zero bids/asks.
I don't know if the bid wall at MtGox is useful as people can remove their bids before they are used (and because of the private/secret pools that don't show up). There is almost always a decent sized bid (and ask wall) of 5000-15000 near the current price, unless you have heavy volume and that can leave a 0.5 price range with zero bids/asks.
Can I go swimming in that private/secret pool you are talking about?
It looks like a general slow downward trend. The current price is around a 60 day (or longer) low.
I don't know if the bid wall at MtGox is useful as people can remove their bids before they are used (and because of the private/secret pools that don't show up). There is almost always a decent sized bid (and ask wall) of 5000-15000 near the current price, unless you have heavy volume and that can leave a 0.5 price range with zero bids/asks.
I don't know if the bid wall at MtGox is useful as people can remove their bids before they are used (and because of the private/secret pools that don't show up). There is almost always a decent sized bid (and ask wall) of 5000-15000 near the current price, unless you have heavy volume and that can leave a 0.5 price range with zero bids/asks.
I was wondering what you guys think if we break though the $8.00 and head into the $7.00's. Will this be the final blow to confidence that will cause bitcoin price to fall much further?
My prediction is that a break into the $7's, will probably mean a new low below $5 range will be coming within the next week.
Please let me know what you think.
It's like the boy who cried wolf! This has happened before, a couple times! I feel like the other times just toughened me up, and I'm not too worried about what happens. It may not recover like the others, but I think BitCoin is strong, and will hold through this!
T-$7.88...and counting
Around $6 or so I think it might stabilize. $8.30 is still too high though. The low might be around $4.
Let's all switch to solidcoins.
I must admit, bitcoin is holding up much better than I originally predicted. I thought it would freefall further and faster down into the $4 or $5's.
However, the price is finally pushing at the $8.00 mark.
For some reason I can not see the market depth, so I do not know how much of a bid wall is at that point. Can anyone else read the market depth on mt gox?
I was wondering what you guys think if we break though the $8.00 and head into the $7.00's. Will this be the final blow to confidence that will cause bitcoin price to fall much further?
My prediction is that a break into the $7's, will probably mean a new low below $5 range will be coming within the next week.
Please let me know what you think.
However, the price is finally pushing at the $8.00 mark.
For some reason I can not see the market depth, so I do not know how much of a bid wall is at that point. Can anyone else read the market depth on mt gox?
I was wondering what you guys think if we break though the $8.00 and head into the $7.00's. Will this be the final blow to confidence that will cause bitcoin price to fall much further?
My prediction is that a break into the $7's, will probably mean a new low below $5 range will be coming within the next week.
Please let me know what you think.
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