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Topic: Freefall? - page 2. (Read 5101 times)

legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
August 31, 2012, 03:38:09 PM
#18
"But taken together, the speech sounds a lot like Mr. Bernanke's closing argument in favor of more easing." http://online.wsj.com/article/SB10000872396390443864204577623220212805132.html
legendary
Activity: 1078
Merit: 1003
August 31, 2012, 03:30:09 PM
#17
Am I getting lucky with my prediction?

at what price do you have buy orders?

Not placed yet, I speculate I might try and buy between $7.5 - $8.5.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 31, 2012, 03:29:50 PM
#16
sigh

Federal Reserve chairman Ben Bernanke's annual remarks at Jackson Hole WY...primary driver of today's market action
legendary
Activity: 1008
Merit: 1000
August 31, 2012, 03:24:49 PM
#15
Look at the wider markets...the world is J hole crazy today

this might not last long

J hole? Huh
+1
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
August 31, 2012, 03:18:46 PM
#14
Look at the wider markets...the world is J hole crazy today

this might not last long

J hole? Huh
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 31, 2012, 03:17:26 PM
#13
Look at the wider markets...the world is J hole crazy today

this might not last long
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
August 31, 2012, 03:16:01 PM
#12
Where's adam for this?  Single digit coins for sale!!! What's that noise? Oh its me snapping them up, lol.
legendary
Activity: 1106
Merit: 1001
August 31, 2012, 03:04:39 PM
#11
Am I getting lucky with my prediction?

at what price do you have buy orders?

At the last one  Wink
full member
Activity: 227
Merit: 100
August 31, 2012, 03:01:49 PM
#10
Am I getting lucky with my prediction?

at what price do you have buy orders?
hero member
Activity: 840
Merit: 1000
August 31, 2012, 02:59:19 PM
#9
Am I getting lucky with my prediction?
$9.87
I dunno, you tell me.  Grin
legendary
Activity: 1078
Merit: 1003
August 31, 2012, 02:55:13 PM
#8
Am I getting lucky with my prediction?
legendary
Activity: 1064
Merit: 1001
August 31, 2012, 02:47:27 PM
#7
I saw someone sell 7,500 BTC today, it took the price down to $10.
hero member
Activity: 840
Merit: 1000
August 31, 2012, 02:42:07 PM
#6
The market has been oddly quiet the last two days, should be interesting

This is what I observed:

For about two - three days (Tuesday - Thursday) the action went as follows: Price was around $10.5, what followed were a bunch of small volume buys driving the price slowly up towards $11.2 and then somewhere around that price BAM someone sells a few thousand BTC all at once driving the price right back down to around $10.5 and this repeated a few times. Yesterday and today on the other hand things have quieted down significantly and to me it seems there's a standoff between buyers and sellers testing who's going to give in sooner.

As I sold at $10.78 yesterday my bet is on the sellers and I believe we're going lower for the short term.

Hold on!
legendary
Activity: 1078
Merit: 1003
August 31, 2012, 09:41:26 AM
#5
The market has been oddly quiet the last two days, should be interesting

This is what I observed:

For about two - three days (Tuesday - Thursday) the action went as follows: Price was around $10.5, what followed were a bunch of small volume buys driving the price slowly up towards $11.2 and then somewhere around that price BAM someone sells a few thousand BTC all at once driving the price right back down to around $10.5 and this repeated a few times. Yesterday and today on the other hand things have quieted down significantly and to me it seems there's a standoff between buyers and sellers testing who's going to give in sooner.

As I sold at $10.78 yesterday my bet is on the sellers and I believe we're going lower for the short term.
zby
legendary
Activity: 1594
Merit: 1001
August 31, 2012, 06:48:47 AM
#4
I don't really see anyone other than a very weak hand selling at the moment. It will most likely fall for a while but when that fall stops... be ready.
That's the same thing you were writing last August - it did eventually stop - but in terms of time frames you missed completely.  I don't really think that it will be repeated this time exactly but it was not 'weak' to sell last August.
sr. member
Activity: 452
Merit: 250
August 31, 2012, 06:41:24 AM
#3
The market has been oddly quiet the last two days, should be interesting
legendary
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
August 31, 2012, 06:38:23 AM
#2
I don't really see anyone other than a very weak hand selling at the moment. It will most likely fall for a while but when that fall stops... be ready.
hero member
Activity: 840
Merit: 1000
August 31, 2012, 06:30:58 AM
#1
Apparently a good day to be a bear?
Time to sell?
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