That pump lasted a good hour.
Now comes the dump.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29399. (Read 26609669 times)
February 22, 2014, 01:39:52 PM
February 22, 2014, 01:39:34 PM
Gotta give Tera credit for calling the spike at $619.88 within 12 cents.
February 22, 2014, 01:36:28 PM
Now my other theory is that someone tried BTC withdrawals and... they got through.
article linked a few posts ago said some people have received old withdrawals.
February 22, 2014, 01:36:13 PM
That 410 BTC wall at 200 USD is artificial, I think. Someone is trying to keep us above $200, but there's no rational reason for the sudden price jump.
I don't really see it staying above 200 much longer, although I've gotta give credit to these manipulators for trying. They pulled out all the stops, including DDoS...
If I was gonna scare the market into believing that there was new insider info floating around, though, I wouldn't pick 3 AM in Toyko to do it.
I don't really see it staying above 200 much longer, although I've gotta give credit to these manipulators for trying. They pulled out all the stops, including DDoS...
If I was gonna scare the market into believing that there was new insider info floating around, though, I wouldn't pick 3 AM in Toyko to do it.
February 22, 2014, 01:35:58 PM
yes, I agree. bitstamp price is ridiculous. bitstamp rally following a mtgox rally is even more ridiculous. if the price is decoupled, what is the reason for this rally? I will tell you :
It can only be trading bot algorithms are still 'hooked up' to Gox price movements. That was a lot of buying pressure that got triggered upon Gox's rise, which was based upon some rumour of BTC withdrawals being reenabled, which is actually bearish as hell for Stamp.
I wasn't shorting Bitcoin at $580, but if I could have I would have. Would have been a harsh lesson in operating upon the premise that markets are rational....that and never short in a dead low volume market.
$580 was never a big resistance point, $616 was next logical retracement target IMO.
I can't see it past $707 level, but a break of $640 will still look like a short-term break from the down trend.
February 22, 2014, 01:35:30 PM
Am i the only one who finds this highly annoying:
Warning - while you were typing a new reply has been posted. You may wish to review your post.
Warning - while you were typing a new reply has been posted. You may wish to review your post.
You're not alone in this.
I think you can turn that off in your profile settings, I don't have it, probably turned it off.
February 22, 2014, 01:30:42 PM
yes, I agree. bitstamp price is ridiculous. bitstamp rally following a mtgox rally is even more ridiculous. if the price is decoupled, what is the reason for this rally? I will tell you :
It can only be trading bot algorithms are still 'hooked up' to Gox price movements. That was a lot of buying pressure that got triggered upon Gox's rise, which was based upon some rumour of BTC withdrawals being reenabled, which is actually bearish as hell for Stamp.
I wasn't shorting Bitcoin at $580, but if I could have I would have. Would have been a harsh lesson in operating upon the premise that markets are rational....that and never short in a dead low volume market.
February 22, 2014, 01:28:56 PM
Jesus. Nice to find out after 10 months or so haha. Thanks.
Mine is UNchecked but still get warning. Edit: oops, i see I need to check it.
February 22, 2014, 01:28:15 PM
Gmaxwell:
"nullc
If it's a test— it's failing.
Nah, as I said— they've been making transactions like this continually. I assume it's some cronjob that runs that sops up tiny payments.
I don't know that it's news, but it strikes me as sad but a bit amusing that they're still authoring invalid transactions.
"
"nullc
If it's a test— it's failing.
Nah, as I said— they've been making transactions like this continually. I assume it's some cronjob that runs that sops up tiny payments.
I don't know that it's news, but it strikes me as sad but a bit amusing that they're still authoring invalid transactions.
"
February 22, 2014, 01:27:41 PM
Wait for Jorge's sleep time thingy and see if it holds... Don't forget it will fizzle if Gox is quiet as a church mouse for another week.
The positive to take from this, if Gox does come up with a positive announcement - it will go nuts. It's such a drag, lifting it, even slightly will produce huge jumps.
The positive to take from this, if Gox does come up with a positive announcement - it will go nuts. It's such a drag, lifting it, even slightly will produce huge jumps.
Looks like the prediction will be dead wrong again (less than 2 hours for the price to fall 240 CNY, from 3640 to 3396...)
But perhaps this will be another sleepless night in China, and I will be excused because of that.
As for what will happen when MtGOX unclogs the drain: note that they already said that withdrawals would be limiited for some time.
The question is what wil happen after that time. WIll they remove the limits, or declare insolvency?
February 22, 2014, 01:26:42 PM
Am i the only one who finds this highly annoying:
Warning - while you were typing a new reply has been posted. You may wish to review your post.
Warning - while you were typing a new reply has been posted. You may wish to review your post.
You're not alone in this.
February 22, 2014, 01:25:10 PM
February 22, 2014, 01:23:35 PM
Looks like I picked wrong time to play with my kids, wouldn't mind selling some on that top.
Playing with your kids is more important
.yep, but I could do it on some other time though
February 22, 2014, 01:23:30 PM
And down Gox goes again.
http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/
http://www.reddit.com/r/Bitcoin/comments/1ymwzj/mtgox_still_authoring_invalid_transactions/
February 22, 2014, 01:23:03 PM
Looks like I picked wrong time to play with my kids, wouldn't mind selling some on that top.
Playing with your kids is more important
. February 22, 2014, 01:21:39 PM
Looks like I picked wrong time to play with my kids, wouldn't mind selling some on that top.
February 22, 2014, 01:18:19 PM
February 22, 2014, 01:18:14 PM
even worse, we will have a long and painful downtrend, with a lot of bull traps.
and then we will capitulate.
and then we will capitulate.
You go ahead and bet on that with your orders, I'm going the other way for a little while.
February 22, 2014, 01:17:44 PM
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