Were obviously much more aligned with this:
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?
Topic: Is everyone waiting on the fairy God whales today? - page 2. (Read 2657 times)
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?
Were obviously much more aligned with this:
Feeding the little fishy 
Looks like it's finally coming off the boil... should know fairly soon. Dropping fast now but want to make sure it's not a bear trap.
I'll be happier if prices head back down to where they "should" be (where "should" is defined by what I can understand/explain).
I'll be happier if prices head back down to where they "should" be (where "should" is defined by what I can understand/explain).
I don't see this rally as sustainable. Good news, but not sustainable to this degree. It was chaotic and panicky, not an upward correction that happened for good reason.
I also think we are on a hiding to nothing trying to understand it. Probably combination of all of the things discussed: Ukraine, London, whale manipulation - all kicking off irrational panic-buyers. Not the news itself, but people (like us...) trying to make sense of it and jumping in so as not to miss the boat, as they saw it.
Either way, it seems to have confirmed 710 resistance for now.
Thoughts?
I also think we are on a hiding to nothing trying to understand it. Probably combination of all of the things discussed: Ukraine, London, whale manipulation - all kicking off irrational panic-buyers. Not the news itself, but people (like us...) trying to make sense of it and jumping in so as not to miss the boat, as they saw it.
Either way, it seems to have confirmed 710 resistance for now.
Thoughts?
Like you say.
I know that I was buying and selling in a panicked frenzy with my paltry 30 BTC stack, guess everyone else was to with their 100's or even 1000s...and of course there was at least one very big buyer who didn't give a shit about how much the price was, he just wanted his 10K BTC. He kicked the party off, the rest of us played a game of ride the craze with each other.
This was nothing like a recovery market rally from, but like a parabolic blow off at the end of a long bull-run. Either even more insane buying pressure comes to town (and I am not saying that it won't), or this retraces right back in the direction it came from.
I don't see this rally as sustainable. Good news, but not sustainable to this degree. It was chaotic and panicky, not an upward correction that happened for good reason.
I also think we are on a hiding to nothing trying to understand it. Probably combination of all of the things discussed: Ukraine, London, whale manipulation - all kicking off irrational panic-buyers. Not the news itself, but people (like us...) trying to make sense of it and jumping in so as not to miss the boat, as they saw it.
Either way, it seems to have confirmed 710 resistance for now.
Thoughts?
I also think we are on a hiding to nothing trying to understand it. Probably combination of all of the things discussed: Ukraine, London, whale manipulation - all kicking off irrational panic-buyers. Not the news itself, but people (like us...) trying to make sense of it and jumping in so as not to miss the boat, as they saw it.
Either way, it seems to have confirmed 710 resistance for now.
Thoughts?
Today btc-e is the leader. The volume is there nearly 3times higher than on Stamp. I would not risk to sell now...
Already have done...will buy back if 700 wall on Stamp is devoured with buying pressure.
Will be a lot of Arbitrage taking on bTC-e, transferring coins from Stamp, to there.
Today btc-e is the leader. The volume is there nearly 3times higher than on Stamp. I would not risk to sell now...
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.
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.
Jump to: