Topic: If you're not out, get out. - page 11. (Read 26379 times)
Chances are there will be a window of opportunity for about a week or so, and it might go even lower.
I for one believe, at the current market fundamentals, that under $5 is unsustainable in the long term. I'm already waiting for my bank transfer to MtGox to clear so I can take advantage of the low prices, but I fear everyone else is racing against me to the cheap coins.
It may dip to anomalous lows because there's too little fiat money left on the exchanges. Friday was just too wild. I can't comprehend why anyone would be desperate enough to dump such huge amounts of BTC when there's so little support for the prices.
It may dip to anomalous lows because there's too little fiat money left on the exchanges. Friday was just too wild. I can't comprehend why anyone would be desperate enough to dump such huge amounts of BTC when there's so little support for the prices.
More Bitcoins for me.
I get the disticnt feeling that we are merely in the eye of the storm...
Indeed, people are losing interest. There are no billionaire investors waiting to cash in, just people desperate to get rich like the early adopters did. Somebody's gotta lose money. 
NO
excellent point, well rounded with facts and citations that clearly demonstrate a full and complete understandi
Excellent point, I responded to the OP's "If you're not out, get out.", No, I'm gonna keep mining.
NO
i can see how someone got up to their 464 post sr. member status.
o.o, What does your reply have anything to do with the OP's thread? I can see how someone got up to their 207 posts full member status.
I can not believe you people are still making decisions based on the order book...
Ok. You are right. The order book is basically nonsense because you do not have to pay to put
up or take down an order.
But what else can you make judgments by? That bitcoin seems to be a ponzi scheme right now
and anyone with an ounce of common sense would sell? Well that seems like good advice/trade.
When would you buy back in? When type of trade are you trying to make? Get in and out making
a few cents per BTC?
I can not believe you people are still making decisions based on the order book...
+1 (so many losers, so few winners)
I get the disticnt feeling that we are merely in the eye of the storm...
We are... there is more downside to come...
I get the disticnt feeling that we are merely in the eye of the storm...
How can bit walls be fake?
They must have the funds to place them and if they are got hit the transaction is done.
They must have the funds to place them and if they are got hit the transaction is done.
Well I must be psychic because *POOF* the $4 wall has vanished.
Yes, the person putting up the wall (mtgox) has to hold enough to cover it, but since it's fake, and there's no intent to follow through, the wall disappears (gets cancelled) before any trades get close to filling the order.
remember - get out now! sell low and buy high.
Seems right the right decision. We need to lose money in order to make money!!!
How can bit walls be fake?
They must have the funds to place them and if they are got hit the transaction is done.
They must have the funds to place them and if they are got hit the transaction is done.
Trading bots remove them as price moves closer so that they are not executed.
Actually, taking into account that bitcoincharts isn't showing ANY activity <$4 I have a suspicion that it's not a wall at all, but rather the sum total of all holder who simply don't believe it will drop below $4.
Let's crash that bidwall! Come out person with 22000 coins. Send them to me and I will crash it then buy it back lower and give you the difference (plus I'll buy back some lower too with my own funds!)
How can bit walls be fake?
They must have the funds to place them and if they are got hit the transaction is done.
They must have the funds to place them and if they are got hit the transaction is done.
What do you mean? There's another fake bid wall at $4 now.
ya that is where prices will likely become stable... for a while... it's a big bid wall, but there really isn't much above it.
Actually, taking into account that bitcoincharts isn't showing ANY activity <$4 I have a suspicion that it's not a wall at all, but rather the sum total of all holder who simply don't believe it will drop below $4.
*edit* wait, wait, no. It's a wall:
$4.00 BTC:3461 (3) $73616
Two of those orders are 20BTC and 10BTC accordingly, leaving one giant wall of ~$73k. So unless somebody's foolish enough to actually want to spend $73k I'd bet that wall will disappear just like all the other ones did.
I LOVE
DRAMA
DRAMA
This resembles something...hmm...
Not even the manipulator can save you now.
What do you mean? There's another fake bid wall at $4 now.
If that was the manipulator the bid wall would be bigger.
Oh wait, I found the big dogs
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