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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30495. (Read 26714949 times)

legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I think the massive dump triggered a shutoff switch....  Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

BTW this is what wall street does Wink
newbie
Activity: 15
Merit: 0
At least Gox didnt start looping again..  I have to go back in my database and delete transactions when that happens...
hero member
Activity: 700
Merit: 500
good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990  Cheesy


some men want to watch the world burn  Cheesy  it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again...

I don't think so. Someone is making a lot of money off the manipulation. Most of us are just fish in a sea full of whales.
hero member
Activity: 583
Merit: 500
That reason would be that MT Gox is a black hole that does not pay its customers out (depending where you live, anyway).

If you live in Japan, wouldn't you be rich?  Grin

I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface
hero member
Activity: 700
Merit: 500
I think the massive dump triggered a shutoff switch....  Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.

The dump was cut off wasn't it? I assumed it was lower than 990.
hero member
Activity: 515
Merit: 506
Screw It, Let's Do It
I think the massive dump triggered a shutoff switch....  Shocked

Again... either shitty software or failsafe against price dump. It's an unregulated market, everthing is allowed.

good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990  Cheesy


some men want to watch the world burn  Cheesy  it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again...

That's called profit taking. How to unload your tousands of bitcoins? Everybody should be satisfied with a 10000 or 100000 increase in his wealth (early adopter). Locking in some profit is absoluty ok. Not selling even a small part is hardcore greed.
legendary
Activity: 1106
Merit: 1007
Hide your women
My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.

Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.
You're betting on a new ATH after only a month-long correction? How do you figure that? This has never happened in bitcoin. Even the smallest corrections from very early on were at least 2 months and the average correction is 6 months.

We've never had a double top in bitcoin either. Still, if you think the intervals between rallies is roughly correlated with the proportional size of the rally, then 3 months is what I put the next ATH at. Yet, and I know this sounds crazy, what if the double top was just a bear trap and the real rally is just getting started? The FED and the fractional reserve system is creating about 800 billion $/month and some of that will find it's way into bitcoin. and that's just the U.S.- every central bank is printing like mad now. Much less than 1% of that new (counterfeit) fiat would double the BTC market cap in one month.

legendary
Activity: 1148
Merit: 1001
things you own end up owning you
good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990  Cheesy


some men want to watch the world burn  Cheesy  it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again...
legendary
Activity: 840
Merit: 1000
I think the massive dump triggered a shutoff switch....  Shocked

Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha.
hero member
Activity: 574
Merit: 500
I think the massive dump triggered a shutoff switch....  Shocked

usually a much bigger trade has to be executed, I saw less then 1k get sold ..hmmm

1029.99 as the newest updated price on bitwisdom
legendary
Activity: 1680
Merit: 1045
My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.

Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.
You're betting on a new ATH after only a month-long correction? How do you figure that? This has never happened in bitcoin. Even the smallest corrections from very early on were at least 2 months and the average correction is 6 months.

You're maybe right, maybe we need one more consolidation before ATH happens, but that's the max we could need imo.
hero member
Activity: 700
Merit: 500
I think the massive dump triggered a shutoff switch....  Shocked
legendary
Activity: 1680
Merit: 1045
newbie
Activity: 15
Merit: 0
Yeesh, looks like Gox is down...
sr. member
Activity: 266
Merit: 250
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
This has never happened in bitcoin.

Which is why it *will* happen.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 574
Merit: 500
lil dumping here and there on gox .. btce still above stamp eh
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Yes I love localbitcoins, but if bitcoins are worth 6 figures I think selling one at Starbucks for cash may pose problems. It's awkward enough at the current rates...

"20,000 caramel machiattos, please"
sr. member
Activity: 252
Merit: 250
Who says this correction is going to be average?
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