If this thing unrolls down to 500 or 350, as I hope it does, it's not going to happen this weekend, IMO. It will be all winter that we take a slide, bouncing off a moving average, finding new lows. It's the same as finding the $70 bottom from the April hike, and same as before that.
For this 'weekend' (it is a 24 hour market, yo), the massive downward pressure will overcompensate, and we'll likely retouch in the 1k range, though perhaps not seeing much higher than 1100 and bye-bye to 1200 for a while.
As stated before, there's time to unwind your positions, careful out there. *says while standing in front of mirror*
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31098. (Read 26484841 times)
December 06, 2013, 04:38:44 PM
December 06, 2013, 04:38:36 PM
This time the mainstream medias were involved. And be sure they will talk over and over and over about the crash to make sure everybody is scared for a long time.
Were you here in April?
December 06, 2013, 04:38:32 PM
wow.. cavirtex screw me more.. moved my order up as prices rises. and all of sudden a back log of sell down to 750.. i just got screwed out of 60 bucks.. cause it didnt meet the bloody sell price at all
edit instead of screwing me they had just lied for 1 minute about the price I paid.
edit instead of screwing me they had just lied for 1 minute about the price I paid.
December 06, 2013, 04:38:28 PM
If we enter a bear market i bet it will be shorter than ever.
The run-up took just one month and a half, half of what we have seen from February to April.
I see the boom and bust cycles been shorter and more contained.
The run-up took just one month and a half, half of what we have seen from February to April.
I see the boom and bust cycles been shorter and more contained.
I tend to agree, although I think it's going to be longer then a couple hours or couple days bear market though. The run up was so china focused that we're going to really need some strong good news either form there or elsewhere to pop us out of a bear market with any speed. Otherwise, it's back to growing normally but at a slower pace.
I think 3 month bear market would fit the pattern.
The bubble was too big, it's going to take much much much more time to recover (if it does).
Too big?
2011: $0.8 to $32
2013 (1): $12 to $266
2013 (2): $130 to $1242
The bubbles get smaller and smaller, and so the deflation of the pops. Plus, big money wants in. We are reaching the tipping point. There's global awareness. People won't forget about Bitcoin anytime soon, I LOL hard at those predicting a multi-year bear market.
December 06, 2013, 04:38:10 PM
tell me bulls, are you happy with the goxloop thing? 
Gox is just doing it's thing.
You mean attempting to artificially protect the price?
Do you think the exchange rate would be higher or lower today if Gox never Goxxed? (I'm talking about the entire history of Gox here.)
I think Gox saved a price today and loop was probably intentional.
December 06, 2013, 04:38:07 PM
I think a lot of btc is leaving gox for pastures new
December 06, 2013, 04:37:57 PM
All fiat just now, I think I'll give this one a day or so till the dust settles.
At what price did you sell??
My recent injection of cash hasn't been spent since it landed late November, just been waiting for tonight's episode to happen. >$1000 has been too rich for my blood.
December 06, 2013, 04:37:45 PM
I really hope that this is just the bulltrap and not the end of the 'crash,' I was all excited for some god damn action! 
December 06, 2013, 04:37:37 PM
Is that a triple bottom??? 
December 06, 2013, 04:37:31 PM
GOX is dangourly close to becoming the 3rd exchange, i think this time next week they will be placed 3rd, after today they are going to lose big time...
QFT
December 06, 2013, 04:36:43 PM
GOX is dangourly close to becoming the 3rd exchange, i think this time next week they will be placed 3rd, after today they are going to lose big time...
December 06, 2013, 04:36:33 PM
got back in under 900, a rare win for me.. until I check the charts tomorrow 
December 06, 2013, 04:36:19 PM
btc-e at 882. They are normally the lowest by far
vitrex is bouncing as well.
is GOX still GOXXING itself?
btc-e @ 910 - that means gox should really be hitting 1000
December 06, 2013, 04:35:49 PM
All fiat just now, I think I'll give this one a day or so till the dust settles.
At what price did you sell??
December 06, 2013, 04:35:21 PM
tell me bulls, are you happy with the goxloop thing?
Gox is just doing it's thing.
You mean attempting to artificially protect the price?
Do you think the exchange rate would be higher or lower today if Gox never Goxxed?
I think they would more closely match the other exchanges.
December 06, 2013, 04:35:10 PM
BTC Withdrawals from Gox ok - you just have to take 1BTC at a time...
Phew - all out.
Phew - all out.
December 06, 2013, 04:34:40 PM
btc-e at 882. They are normally the lowest by far
vitrex is bouncing as well.
is GOX still GOXXING itself?
December 06, 2013, 04:34:09 PM
why is everyone so afraid of the weekend
the weekend dip myth was busted in 2012
the weekend dip myth was busted in 2012
I think it's back, no?
what do you think, we'll see 600$ bitcoin this weekend
I guess one can dream.
Never go that low.
December 06, 2013, 04:33:37 PM
All fiat just now, I think I'll give this one a day or so till the dust settles.
December 06, 2013, 04:32:40 PM
why is everyone so afraid of the weekend
the weekend dip myth was busted in 2012
the weekend dip myth was busted in 2012
I think it's back, no?
what do you think, we'll see 600$ bitcoin this weekend
I guess one can dream.
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