Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30883.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: Pruden on December 18, 2013, 06:11:46 PM

Quote from: damiano on December 18, 2013, 06:06:15 PM

Were in for another sell off

With which coins?

www.blockchained.com

For the first time, ask volume decreased during the crash, proving that the sells were pure panic. By this time after the november, 900-450 crashcorrection, ask volume had doubled and reached eventually triple the magnitude. In april it also skyrocketed to 4-5 times the initial value. Now it shows absolutely no will to even get back to pre-crash levels.

Honestly, I'm at a loss for how ask depth is a useful indicator here. We have no idea how many coins are waiting in the wings, off the books. And we don't know the extent of arbitrage being done by Chinese traders.

MAbtc

hero member

Activity: 826

Merit: 508

The highs can't be overestimated, neither can the lows.

dani

hero member

Activity: 525

Merit: 500

..yeah

Quote from: Soulpowered on December 18, 2013, 05:44:05 PM

Quote from: 11ams on December 18, 2013, 05:21:53 PM

Quote from: 11ams on December 16, 2013, 02:31:29 PM

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

Guys I tried to warn you. Hope you listened.

.
.
.

Everyone who takes this stuff too seriously, please ignore me.

much awesome, such made my day, wow

such quote! many dig. Wow!

pickard

member

Activity: 84

Merit: 10

Quote from: jojo69 on December 18, 2013, 06:02:27 PM

Quote from: pickard on December 18, 2013, 06:00:47 PM

I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.

you haven't been around here very long have you?

when this thing turns it can rip your face off

Ive been mining since may 2011.

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Quote from: damiano on December 18, 2013, 06:06:15 PM

Were in for another sell off

With which coins?

www.blockchained.com

For the first time, ask volume decreased during the crash, proving that the sells were pure panic. By this time after the november, 900-450 crashcorrection, ask volume had doubled and reached eventually triple the magnitude. In april it also skyrocketed to 4-5 times the initial value. Now it shows absolutely no will to even get back to pre-crash levels.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: QuestionAuthority on December 18, 2013, 06:08:53 PM

I can hardly wait till it's back below $200 so I can start buying again.

They say I'm a dreamer

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

I can hardly wait till it's back below $200 so I can start buying again.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: gandhibt on December 18, 2013, 05:52:05 PM

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

Were in for another sell off

OldGeek

sr. member

Activity: 266

Merit: 250

Blitz:The price affects the perception of the news

Quote from: CryptStorm on December 18, 2013, 04:12:00 PM

It makes me sad and pissed off that so many smart people here (me included!) get run over by trading.

I'm interested in putting together some quant tools, some portfolio management and position sizing tools, etc, etc, and working with other people here, so that we can have some education to move us away from gambling towards real wealth creation (a la a hedge fund type system)-- probably in a something like a club, at first. I have to program quite a bit of architecture first, so it's a ways off. The tools would allow us to essentially customize our approaches and handle multiple API's on multiple coins and exchanges. You could say I'm just past the 'napkin drawing' stage. Wink

Would anyone be interested in that sort of thing?

I'm defo interested, but would not trade on MtSux again. When you get an option for the BTC-e exchange, I'm in. Well, in for a smallish amount to test.

MAbtc

hero member

Activity: 826

Merit: 508

I'd be very surprised if we could push it up to $800 at this point, but it's possible.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: pickard on December 18, 2013, 06:00:47 PM

I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.

you haven't been around here very long have you?

when this thing turns it can rip your face off

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

pickard

member

Activity: 84

Merit: 10

Quote from: ?? on ??

Quote from: pickard on December 18, 2013, 05:55:23 PM

Quote from: gandhibt on December 18, 2013, 05:52:05 PM

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

come back down to earth. It won't be back above 650 for a long time, like 2014. maybe Wink

statements like these are always bound to fail when it comes to btc price

Maybe. but the price before btc fever in china was about $180. It's now a month later and we hit over $1200, now it's $550 and it was dropping before this news. The latest news today is just the short term nail in the coffin!

I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: 11ams on December 18, 2013, 05:21:53 PM

Quote from: 11ams on December 16, 2013, 02:31:29 PM

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

Guys I tried to warn you. Hope you listened.

.
.
.

Everyone who takes this stuff too seriously, please ignore me.

omg so much chuckle

pickard

member

Activity: 84

Merit: 10

Quote from: gandhibt on December 18, 2013, 05:52:05 PM

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

come back down to earth. It won't be back above 650 for a long time, like 2014. maybe Wink

gandhibt

full member

Activity: 238

Merit: 100

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

molecular

donator

Activity: 2772

Merit: 1019

so you can put it in through japan and take it back out in china? what is this?

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Gox is getting hammered right now. Meanwhile on Bitstamp/Bitfinex it's a standoff.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: spooderman on December 18, 2013, 05:40:16 PM

Bubble pop but without bear market for ages afterwards feels weird. Do I have to go back all in already?

all in is the only option where you can't lose coins (if they are safe)

Soulpowered

full member

Activity: 150

Merit: 100

Quote from: 11ams on December 18, 2013, 05:21:53 PM

Quote from: 11ams on December 16, 2013, 02:31:29 PM

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

Guys I tried to warn you. Hope you listened.

.
.
.

Everyone who takes this stuff too seriously, please ignore me.

much awesome, such made my day, wow

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30883. (Read 26711943 times)