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Topic: Price recovery after the big cash-out (big price drop on Sunday morning) (Read 3025 times)

legendary
Activity: 1484
Merit: 1003
Still wild and free
Long-term trend shows only 50$ in November this year  Shocked
full member
Activity: 126
Merit: 100
you know what follows next.

mid-term bearish, long term super-bullish.

You mean long term hyper-bullish  Grin
hero member
Activity: 668
Merit: 501


you know what follows next.

mid-term bearish, long term super-bullish.
newbie
Activity: 47
Merit: 0
Show me one chart of a real instrument that ever looked like that

there isn't

Real instrument like EUR-USD?

https://dl.dropboxusercontent.com/u/1986074/btt/eurusd.png
Pic sent by my trader friend Smiley
legendary
Activity: 1316
Merit: 1003
Show me one chart of a real instrument that ever looked like that

there isn't

How about from the last 6h:
sr. member
Activity: 252
Merit: 250
Yesterday i received this from my trader friend, so much truth in it:

Been there and done that. Smiley
Show me one chart of a real instrument that ever looked like that

there isn't
legendary
Activity: 1316
Merit: 1003
Yesterday i received this from my trader friend, so much truth in it:

Been there and done that. Smiley
newbie
Activity: 47
Merit: 0
I'm still waiting for all these new exchanges we've been promised!

Do you know www.bitstamp.net ?

I used to trade there before and now (after) mtgox.
full member
Activity: 143
Merit: 100

No one wants to use MtGox anymore so they're just waiting for a new exchange to pop up.

I am sorry but BTC is speculative... there aren't many traders, who's business is to make money to not trade BTC because of MtGox... Well at least just on that single merit, more likely would be the bad news with Dwolla, Okpay...  How about the shutdown and problems many exchanges have had...  Sure some people may be waiting for better exchanges, but most probably just are passing and will come back if there is more news/hype (positive that is).

Heck I trust my money 10x more on MtGox then on ANY new exchange unless deposits were FDIC secured.  Bitfloor is just the most recent example... poof money gone... At least with MtGox you just have lag, your money is still there when its over.

I personally think the corrections/crashes and bad news lately just scared away the big fish and a lot of monies supposedly in the pipe.  Some may be holding long term, others could be looking for an exit like the one on Sunday.
newbie
Activity: 46
Merit: 0
I'm still waiting for all these new exchanges we've been promised!

Think thats the issue, aside from some manipulation over the weekend the volume has been quite low. ie no one to push the price back up following the drop.

No one wants to use MtGox anymore so they're just waiting for a new exchange to pop up.
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
I'm still waiting for all these new exchanges we've been promised!
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
Cest' la vie. Bitcoin rises, Bitcoin falls. And we all speculate. :-)
hero member
Activity: 518
Merit: 500
keep dreaming! The goal for today is $100  Tongue
legendary
Activity: 910
Merit: 1000
Doubt the bottom is here, but it's not far off; there are plenty of buyers.  

As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.

I think they (the buyers) have a good strategy.

Yesterday i received this from my trader friend, so much truth in it:



HAHA AMAZING!
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
Doubt the bottom is here, but it's not far off; there are plenty of buyers.  

As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.

I think they (the buyers) have a good strategy.

Yesterday i received this from my trader friend, so much truth in it:



+1 hahaha Cheesy
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Doubt the bottom is here, but it's not far off; there are plenty of buyers.  

As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.

I think they (the buyers) have a good strategy.

Yesterday i received this from my trader friend, so much truth in it:



I'm running an exchange, I'm just saying what I'm seeing. :-)

Anyway the point here is that it's impossible to call the bottom -- so buying on the way down and selling a little on the way up makes sense.
newbie
Activity: 47
Merit: 0
Doubt the bottom is here, but it's not far off; there are plenty of buyers.  

As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.

I think they (the buyers) have a good strategy.

Yesterday i received this from my trader friend, so much truth in it:

http://www.ritholtz.com/blog/wp-content/uploads/2011/12/FunnyTraderEmotionChart1.png
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Doubt the bottom is here, but it's not far off; there are plenty of buyers.  

As far as I can see, there are a few panic sellers, and many more buyers buying small amounts all the way down.

I think they (the buyers) have a good strategy.
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