This tweet doesn't point to an actual story:
https://twitter.com/BloombergNews/status/408505176170184704
https://twitter.com/BloombergNews/status/408505176170184704
Yeah I was wondering what happened 10 mins before that massive dump when I saw that.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31164. (Read 26484220 times)
December 05, 2013, 04:27:15 AM
Yeah I was wondering what happened 10 mins before that massive dump when I saw that.
December 05, 2013, 04:26:45 AM
Amazing what 500 coins can do to 1224... Times are changing... 
Update: Aaaand a double bottom @ 1190.
wow look at that go Update: Aaaand a double bottom @ 1190.
December 05, 2013, 04:25:55 AM
This tweet doesn't point to an actual story:
https://twitter.com/BloombergNews/status/408505176170184704
https://twitter.com/BloombergNews/status/408505176170184704
December 05, 2013, 04:24:34 AM
Is no one else here seeing the possibility of a correction or down turn here??
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
Seriously? What did you want the market to do, go straight up forever?? We have two alternatives, keep going straight up and crash straight down, or consolidate. I vote for consolidate. Bids are still coming in, so I would say what we have is a cautious market, not bearish, which is great. Many of us have been through long periods of consolidation before, we like them, they are bullish.
December 05, 2013, 04:19:04 AM
Amazing what 500 coins can do to 1224... Times are changing...
Update: Aaaand a double bottom @ 1190.
Update: Aaaand a double bottom @ 1190.
December 05, 2013, 04:18:14 AM
daed gaem!
December 05, 2013, 04:13:53 AM
DAMN!!! NEW ATH LAST NIGHT AND I MISSED IT???
Only recent ATH I've seen is Virtex... up about $150
December 05, 2013, 04:08:17 AM
DAMN!!! NEW ATH LAST NIGHT AND I MISSED IT???
December 05, 2013, 04:05:04 AM
Is no one else here seeing the possibility of a correction or down turn here??
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
Only A market with thin bid orders will crash or significantly correct simply because of tired. Otherwise, it will be consolidated.
December 05, 2013, 04:02:19 AM
December 05, 2013, 03:52:01 AM
Is no one else here seeing the possibility of a correction or down turn here??
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
Has Bitcoin ever "crashed" from a "tired" market? Maybe there's a good example in some other market?
December 05, 2013, 03:49:52 AM
Is no one else here seeing the possibility of a correction or down turn here??
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
For how long, though? A week? A month?
How could you possibly know when it'd move again? Unless you're expecting a serious bear market, or that you will be able to accurately read the signals before things pick up again, it doesn't make sense to get out.
If we are about to experience our first period of extended stability near a high, that is very exciting for Bitcoin as a currency.
What you see as "market tiredness" I see as "increasing confidence".
December 05, 2013, 03:17:22 AM
I think a wee bit of profit taking is in order, but it looks like most Bitcoin speculators are investors with ADHD poking what appears to be a sleeping bull saying do something.
I think we'll hang around here for a week or two befor we see how big this thing is.
I think we'll hang around here for a week or two befor we see how big this thing is.
December 05, 2013, 03:16:44 AM
I can see it being useful if someone wants to play with altcoins but i wouldn't hold much money in there. When btc-e will go down it wont be pretty
December 05, 2013, 03:08:59 AM
Is no one else here seeing the possibility of a correction or down turn here??
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
I said 3 days ago I was bearish. Based on basically 1 thing - the correction looked like real market tiredness and the ensuing recovery looked weak.
Then yesterday when we caught fire, starting to go up on higher volume. I said I was a bull again.
But here we are again, on Thursday, and the top is stalling out below ATHs. Look at the weekly and 3 day chart and they look suspicious. Just look at those charts. It 85% angles. And where are those red candles?
If we dont break ATHs in the next 24 hours I think the rally may have topped out.
I know, I know, that's crazy talk. But that's also one huge massive bear wedge on the 1 and 2 hour charts.
December 05, 2013, 03:02:24 AM
December 05, 2013, 02:54:13 AM
Granted i traded btc without issue, Btce is incompetent or near scam when dealing with USD deposit. And i dont know about usd withdrawals..
I'm still waiting for my wire deposit to get credited after 10 days.
this is true, i would not wire money there. I'm still waiting for my wire deposit to get credited after 10 days.
December 05, 2013, 02:53:34 AM
Btce is where the big swings are. During high volatility, it follows gox almost perfectly. Bitstamp on the other hand moves slowly and unexpectedly. While btce is having a 15% swing, bitstamp will have a 1% swing... bitstamp can royally screw you as a trader trying to make a trade that would be perfect anywhere else. Also, btce's exchange engine works flawlessly - the best, it has the least downtime, and you can trade altcoins. What more can you ask for? When it comes time to withdraw THEN you can send your coins to bit stamp.
all of this. btce is the best for everything except fiat deposit/withdrawal. difficult to deposit and very low price if you want to exit to fiat. if you are into that sort of thing. 
December 05, 2013, 02:32:34 AM
Granted i traded btc without issue, Btce is incompetent or near scam when dealing with USD deposit. And i dont know about usd withdrawals..
I'm still waiting for my wire deposit to get credited after 10 days.
I'm still waiting for my wire deposit to get credited after 10 days.
December 05, 2013, 02:32:23 AM
What's the deal in Aus anyway? How do they even know the money you recieve is Bitcoin related, or how long you've owned those coins (assuming the over one year - 50% cap gains applies)?
well you know we're all spied on these days, actually the bank could possibly notify the tax office if money comes from an exchange - the strange thing is we don't pay tax on winnings from lotteries or gambling, you'd think high risk investments would fit into that category.
The reason why in AU we don't pay tax on lottery or gambling winnings is because our lottery or gambling costs would be tax deductible if so.
Regarding capital gains tax, I believe that the tax you pay is the same as if it was part of normal income. So you would only pay near 45% if you were already earning over 180k. It is an honesty system, you are free to not declare, but audits are not fun, the presumption of innocence is reversed. You have to prove you are not guilty, not the ATO having to prove you guilty.
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