Is everyone waiting on the fairy God whales today?

oda.krell

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Quote from: MatTheCat on March 07, 2014, 12:29:10 PM

Quote from: oda.krell on March 07, 2014, 12:10:37 PM

I refuse to get nervous until ~590. Then, however, I will panic like a sheep on the way to the slaughterhouse Cheesy

I wouldn't do that, I would start buying around there.

Wasn't entirely serious. I'm sitting on my hands right now anyway until I get a clearer picture of what is going on.

I do think of up to around590 as a reasonable retracement on the gains we made since Feb 25, but going lower than that will make me doubt the (mid term) reversal, that I saw as the most likely scenario so far.

MatTheCat

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Quote from: oda.krell on March 07, 2014, 12:10:37 PM

I refuse to get nervous until ~590. Then, however, I will panic like a sheep on the way to the slaughterhouse Cheesy

I wouldn't do that, I would start buying around there.

oda.krell

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I refuse to get nervous until ~590. Then, however, I will panic like a sheep on the way to the slaughterhouse :D

MatTheCat

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Quote from: TERA on March 04, 2014, 08:18:58 PM

Seems like he never came back......

......except perhaps to try and cash out some of his rather over hastily bought 20K BTC or whatever.

njcarlos

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Quote from: Elwar on March 04, 2014, 06:10:34 PM

I see more and more articles where some rich guy says "I bought a lot of bitcoins a few months ago". I always think...when was that? What did it do to the price? Were they part of one of the uptrends?

Anyone worth their salt doesn't buy on a major exchange. They buy OTC, in bulk, at below market rates. You won't see what the big boys are doing that easily.

TERA

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MatTheCat

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Quote from: Alonzo Ewing on March 04, 2014, 07:43:57 PM

Ah okay, I misunderstood. Now I see. You're saying the market will definitely go down unless for one reason or another, it goes up.

Either some serious big spenders come to market who don't give two craps about getting a good price for their 10K+ bitcoins (such as seen yesterday), or we are going down to test lower limits of trendline at around $590 -$610.

If some mad bastard with 20 million USD comes to market, then obviously all that is blown out the water and this is something that cant be legislated for.

Alonzo Ewing

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Quote from: MatTheCat on March 04, 2014, 04:48:52 PM

Quote from: Alonzo Ewing on March 04, 2014, 01:29:10 PM

So you're saying we'll either go up or go down?

No.

I was saying we will definitely go down, unless some X-Factor force comes to the market which cannot be predicted or accounted for...such as the 3K BTC buy-in bomb dropping motherfucker that was buying like crazy yesterday with no regard for getting a good price.

Seems the fairy god whale never showed up.

Ah okay, I misunderstood. Now I see. You're saying the market will definitely go down unless for one reason or another, it goes up.

Elwar

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Viva Ut Vivas

I see more and more articles where some rich guy says "I bought a lot of bitcoins a few months ago". I always think...when was that? What did it do to the price? Were they part of one of the uptrends?

There are a lot of rich people out there. The more that are exposed to Bitcoin, the more of these guys will jump in and buy a bunch.

News articles about how the Bitcoin price is dropping is like chumming the waters for rich investors.

Even a guy at work who knows about Bitcoin but was never interested in buying said he wanted to buy some after hearing that the price was lower because an exchange went down.

pungopete468

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I'm tired of losing money investing in what I think to be a logical market. The reality is it wouldn't take more than 1 Ukrainean investor shifting a moderate piece of wealth to cause what we saw yesterday.

I think it's likely that at least a few wealthy people will buy Bitcoin the closer we get to a war or major occupation.

I withdrew BTC from the market and I'm just HODLING now.

Cassius

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Quote from: MatTheCat on March 04, 2014, 04:48:52 PM

Quote from: Alonzo Ewing on March 04, 2014, 01:29:10 PM

So you're saying we'll either go up or go down?

No.

I was saying we will definitely go down, unless some X-Factor force comes to the market which cannot be predicted or accounted for...such as the 3K BTC buy-in bomb dropping motherfucker that was buying like crazy yesterday with no regard for getting a good price.

Seems the fairy god whale never showed up.

That's what I'm counting on. Only thing that makes sense.
Of course, sense doesn't always come into bitcoin market dynamics, but I'm still going to expect it anyway.

MatTheCat

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Quote from: Alonzo Ewing on March 04, 2014, 01:29:10 PM

So you're saying we'll either go up or go down?

No.

I was saying we will definitely go down, unless some X-Factor force comes to the market which cannot be predicted or accounted for...such as the 3K BTC buy-in bomb dropping motherfucker that was buying like crazy yesterday with no regard for getting a good price.

Seems the fairy god whale never showed up.

Cassius

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I'm not sure I buy the Ukraine explanation. Or the London one. I think they're just post-hoc rationalisations for a spike that may or may not have been started by a whale manipulator. (I.e. it doesn't matter if the Ukraine is actually buying loads of btc; if people *think* they are then they will anyway to get on this mythical, annoying train that I keep hearing so much about.)
Give it a few days and I guess we'll know whether it was an irrational flash in the pan or something more.

piramida

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Borsche

Quote from: porcupine87 on March 04, 2014, 07:13:03 AM

Today btc-e is the leader. The volume is there nearly 3times higher than on Stamp. I would not risk to sell now...

because of russia & ukraine national currencies going into dumpster, no wonder they send major funds btc way

pungopete468

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I'm thinking any major action will happen Thursday or Friday. Anybody who didn't get a wire out on Friday will likely have tried on Monday...

antimattercrusader

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Two things are for sure:

Bitcoin price will go up or down.

Fairy God Whales = LOL

theta

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Quote from: Alonzo Ewing on March 04, 2014, 01:29:10 PM

Quote from: MatTheCat on March 04, 2014, 07:01:12 AM

Bitcoin is badly over extended, yet it is holding.

But for how much longer?

Either the fairy god whales turn up and start buying a shit ton of Bitcoin without giving a damn about how much they are paying.....

......or we retrace from here to lower 600's, upper 500's.

So you're saying we'll either go up or go down?

Yep. Not a chance we stay here. Grin

smoothie

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LEALANA Bitcoin Grim Reaper

Fairy god whales = free market

Alonzo Ewing

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Quote from: MatTheCat on March 04, 2014, 07:01:12 AM

Bitcoin is badly over extended, yet it is holding.

But for how much longer?

Either the fairy god whales turn up and start buying a shit ton of Bitcoin without giving a damn about how much they are paying.....

......or we retrace from here to lower 600's, upper 500's.

So you're saying we'll either go up or go down?

Dragonkiller

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Super Smash Bros. Ultimate Available Now!

Quote from: EuroTrash on March 04, 2014, 12:32:51 PM

Quote from: cbutters on March 04, 2014, 12:25:43 PM

Were obviously much more aligned with this:

[img=400x226]http://www.mlis.com/fbapps/Untitled6.png[/img]

But consider that the price has gone up 5x since last time, involving possibly 5x as many users. Movements in any direction should take longer than before - because larger herd?

Actually movements should be quicker as people recognize the pattern and try to get ahead of it.

Topic: Is everyone waiting on the fairy God whales today? (Read 2657 times)