I wouldn't worry about the number, $100k is actually not much. When it's over $200k in the visible range @ Mt. Gox Live, then I consider it something.
Bitcoin currency trade is big enough that there are many players involved who could buy the entire $100k worth or a significant portion of it. That's not the issue. The issue is that they're trying to buy coins as cheap as possible to profit as much as they can, and they won't commit to a significant buy until there are signs of a rally.
So just wait, when the rally comes again I'm quite confident that $100k worth of coins and much more will be eaten.
Right now there are only $44000 worth of coins standing between the current price of $5.3 and $6. The big wall comes at $7, which I consider mostly a signal of resistance, not a real wall. But we'll see.
Topic: Lets start rally! (Read 6170 times)
The asks may mostly be fake, but no one denies that they have an effect on the price... and mtgoxlive is showing $100k needed to get where we were JUST A DAY AGO 
($6.
($6. 
Quote
Come on people!
Remove your asks.
Remove your asks.
NO PLZ don't atm they just mean cheap coinz for the rest of us
Come on people!
Remove your asks.
Remove your asks.
At that time they will plot the 'rally' on a log graph and state it's still happening 
Log-scale graphs make rallys look smaller.......
Proof that log-chart endorsers have no mathematical aptitude.
What's the Sobi conference?
Common, the bull is jumping around the arena, hold your place in its back, and ride along!
YEEEHAAAAAAAA!
YEEEHAAAAAAAA!
It's a real rally. But there will be more corrections on the way up this time, because people will be more cautious in general. Prepare for a bumpy ride.
Bumpy ride is true alright. Price is gyrating between $6.20 and $6.70 right now. Most of my Asks have been executed so now it's time for the rally to tank and execute my new Bids. Rinse, repeat
It's a real rally. But there will be more corrections on the way up this time, because people will be more cautious in general. Prepare for a bumpy ride.
Today's high of 6.26 broken.
High:
It's a real rally. But there will be more corrections on the way up this time, because people will be more cautious in general. Prepare for a bumpy ride.
It's just cute when going back to $6 is called a rally. More like a slight recovery that will last until the optimists run out of money again.
At that time they will plot the 'rally' on a log graph and state it's still happening
It's just cute when going back to $6 is called a rally. More like a slight recovery that will last until the optimists run out of money again.
It would certainly seem so given the rising price and good technical analyst reports.
Are we in the midst of an "actual" rally?
We won't need to start one! It'll happen naturally through the market... hopefully!
Someone (or group of someones) was keen to bid the price up today. $4.80 to $5.60 spike was quite impressive. Didn't have any support however, as we're already half way back to $4.80 after only 5 hours. Still, not all bad. Quite a few of my Asks were executed
It makes me wonder whether we're looking at the actions of a few individuals trying to boost the price so they can sell high, or whether it's an organic movement of a few buyers and everyone else piling in because the price is going up.
I watched it on mtgoxlive. There was some individual adding and removing 6k btc to/from the buy wall in quick succession this went on until he got bitten then the price collapsed. It makes me wonder whether we're looking at the actions of a few individuals trying to boost the price so they can sell high, or whether it's an organic movement of a few buyers and everyone else piling in because the price is going up.
Someone (or group of someones) was keen to bid the price up today. $4.80 to $5.60 spike was quite impressive. Didn't have any support however, as we're already half way back to $4.80 after only 5 hours. Still, not all bad. Quite a few of my Asks were executed
It makes me wonder whether we're looking at the actions of a few individuals trying to boost the price so they can sell high, or whether it's an organic movement of a few buyers and everyone else piling in because the price is going up.
It makes me wonder whether we're looking at the actions of a few individuals trying to boost the price so they can sell high, or whether it's an organic movement of a few buyers and everyone else piling in because the price is going up.
I wonder what Nagle is thinking right now. Probably the same thing I'm thinking - something along the lines of uncontrollable laughter. Laughter at you guys.
The market is trading in small range for quite sometime now.
High:4.93 - Low: 4.75001 == ~0.18$
Looking at past history, there is a big movement coming, may be up or down, but there should be movement coming.
P.S. Down movement has higher probability than rally
(though would be more happy with rally than down movement)
There is a possibility of a rally if a huge publication carries a glowing story on bitcoin. Who knows, maybe one of their reporters may have nothing else to write and am looking for something.
Jump to: