Have we officially gone now from correction to full blown bubble collapse?
not yet but almost, it's just a matter of time until the last bulls realize that they already made enough profit for just two weeks...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31843. (Read 26712842 times)
November 20, 2013, 04:03:28 AM
November 20, 2013, 04:02:06 AM
You're still thinking about the bad news aren't you.
November 20, 2013, 04:01:29 AM
November 20, 2013, 04:00:03 AM
Have we officially gone now from correction to full blown bubble collapse?
i'm sure stamp will do the rest.trading is a mess there.
what now either get goxed or stamped
not sure what's worse
November 20, 2013, 03:56:34 AM
Have we officially gone now from correction to full blown bubble collapse?
November 20, 2013, 03:54:40 AM
Well, stamp has now f'd me.
I give up. The past few days will be disastrous for BTC publicity.
I give up. The past few days will be disastrous for BTC publicity.
November 20, 2013, 03:51:26 AM
Quote
3) insider trading (I don't know which news can dramatically crash BTC market now)
Early knowledge that Gox will be resuming USD withdrawals shortly.
Not likely, but it was the first thing that came to mind.
November 20, 2013, 03:50:41 AM
So then I'm guessing btc-e would be ideal for instant trading? Wouldn't it also practically balance out with bitstamp even though they are selling for less on btc-e, as you can buy back in again for below bitstamp price?
November 20, 2013, 03:46:00 AM
So if I wanted to sell off a little bitcoin right this second, and have it readily available to buy back in at any given price, which exchange would be the best option?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
It is my understanding that to withdraw either USD or BTC you will need to be verified at bitstamp. So any BTC you send there will be stuck until you verify also.
November 20, 2013, 03:44:19 AM
So if I wanted to sell off a little bitcoin right this second, and have it readily available to buy back in at any given price, which exchange would be the best option?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
Bitstamp is very sluggish atm, I wouldn't use it because you can't trust to be able to buy back in when you need to. BTC-e is probably best to use in your case, but the price is also lower there.
November 20, 2013, 03:42:39 AM
So if I wanted to sell off a little bitcoin right this second, and have it readily available to buy back in at any given price, which exchange would be the best option?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
well stamps down atm at least for me I am in the US. My guess would be bitstamp, but are they even reliable anymore?
November 20, 2013, 03:39:49 AM
So if I wanted to sell off a little bitcoin right this second, and have it readily available to buy back in at any given price, which exchange would be the best option?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
I am in the US. My guess would be bitstamp, but are they even reliable anymore?
November 20, 2013, 03:36:06 AM
Yes, I agree. In my opinion, this kind of dump could be explained by one of the follows
1) failed manipulation
2) desperate for cash in urgent (doubt it due to the withdraw problem there)
3) insider trading (I don't know which news can dramatically crash BTC market now)
4) stolen BTCs (I heard Gox needs identification?)
5) arbitrage (are there some big buys that time in other exchanges?)
6) ... just crazy.
Any more explanations?
7) Someone who missed a chance to sell at a profit after the April correction, and thinks it is happening again and panics.
8 ) Manipulation that didn't fail, causes doubt about the market, follows up with more dumps, waits for full on panic.
1-Yepppp
2-Desperate for 5MM? Happens to be at the time when most banks around the world are closed? Extremely unlikely
3-Possibility, but it's already been few hours after the market sell and no news, so he could've at least spread it over few hours. But a day or two should show for sure
4-Yeah, but again why dump all at once like that at odd hours coincidence?
5-No way to move such amount across exchanges, and highly doubtful that he had the same amount at other exchanges to cover. And arb been there for some time no reason to do a market sell
6-always an option, but how many crazy multi millionaires do you know who throw money out like that
7-Timing just makes this too unlikely.
8-True, but if i tried to pull this off i'd be betting on instantaneous panic, plus that wall BTC1.5k wall was a BTC1.7k wall at $533 and got moved back once people started to go at it. Smells like intimidation tactic.
9-FBI cashing in on those confiscated SR coins? 10k down 40k to go?
OooOoo - #9 tickles me because I remember someone QUICKLY moving off that topic with a joke when asked "What do you think they intend to do with those funds?" during Monday's hearing... This is a fun conspiracy!
November 20, 2013, 03:35:23 AM
do they have hamsters running in wheels on stamp? WTF
November 20, 2013, 03:34:32 AM
Stamp seems stalled.
November 20, 2013, 03:30:05 AM
Yes, I agree. In my opinion, this kind of dump could be explained by one of the follows
1) failed manipulation
2) desperate for cash in urgent (doubt it due to the withdraw problem there)
3) insider trading (I don't know which news can dramatically crash BTC market now)
4) stolen BTCs (I heard Gox needs identification?)
5) arbitrage (are there some big buys that time in other exchanges?)
6) ... just crazy.
Any more explanations?
7) Someone who missed a chance to sell at a profit after the April correction, and thinks it is happening again and panics.
8 ) Manipulation that didn't fail, causes doubt about the market, follows up with more dumps, waits for full on panic.
1-Yepppp
2-Desperate for 5MM? Happens to be at the time when most banks around the world are closed? Extremely unlikely
3-Possibility, but it's already been few hours after the market sell and no news, so he could've at least spread it over few hours. But a day or two should show for sure
4-Yeah, but again why dump all at once like that at odd hours coincidence?
5-No way to move such amount across exchanges, and highly doubtful that he had the same amount at other exchanges to cover. And arb been there for some time no reason to do a market sell
6-always an option, but how many crazy multi millionaires do you know who throw money out like that
7-Timing just makes this too unlikely.
8-True, but if i tried to pull this off i'd be betting on instantaneous panic, plus that wall BTC1.5k wall was a BTC1.7k wall at $533 and got moved back once people started to go at it. Smells like intimidation tactic.
9-FBI cashing in on those confiscated SR coins? 10k down 40k to go?
November 20, 2013, 03:27:29 AM
Yes, I agree. In my opinion, this kind of dump could be explained by one of the follows
1) failed manipulation
2) desperate for cash in urgent (doubt it due to the withdraw problem there)
3) insider trading (I don't know which news can dramatically crash BTC market now)
4) stolen BTCs (I heard Gox needs identification?)
5) arbitrage (are there some big buys that time in other exchanges?)
6) ... just crazy.
Any more explanations?
7) Someone who missed a chance to sell at a profit after the April correction, and thinks it is happening again and panics.
8 ) Manipulation that didn't fail, causes doubt about the market, follows up with more dumps, waits for full on panic.
9) early adopter liquidating part of his stash (rise yesterday on this chart https://blockchain.info/charts/bitcoin-days-destroyed)
gox is still the best place to handle such an amount without major slippage.
given the amount of cash i'm sure anybody would be okay to wait for the withdrawal a bit longer. (except he's living in japan)
just speculating here...
November 20, 2013, 03:24:30 AM
Placed a few bids on Bitstamp around $370, just in case 
November 20, 2013, 03:24:25 AM
It is late and my apologies if I sound over-all bearish - I am but momentarily a bear. Crypto currencies are the future of commerce, that is clear, for many technical reasons. The question I wrestle with is will it be BTC in which the value of that technology will be stored?
There is no viable alternative to BTC at the moment. By the time any decent alternative were to come along, BTC will be so fully entrenched that it will take a long time to supplant, if ever. IMHO we won't be in a slump for long, so buy back sooner than you think you should. Just like the "weekend" dip often happened a day earlier each week in March, as people tried to beat everyone else to selling before the weekend dip, everyone will be scrambling to be the first to buy back in. Each "bubble" will have (and has had) much less gain before the correction, and the rebound will come much sooner. Because of the bullishness overall conditions when this correction happened I can't see it being anything like April, let alone 2011. Now, rip off that borrowed bear skin and get to looking for an entry point!
November 20, 2013, 03:18:25 AM
Right... And as soon as those people who bought the coin for 500-1000-10000 whatever don't get 501-1001-10001 in return after X time then what happens? You see again, the system needs new $$ to operate.
Yes, and the amount of interest drummed up in the last few days has assured that many people are trying to get money in. They may wait to see where we land, but everyone knows we will be back up to $900+ eventually. It would be awesome to consolidate for a few weeks, but I doubt we will be so lucky. You are new, listen to the likes of Nemesis. Not Blitz, he is not so bright with his "2011 all over" talk. Everything is crazy bullish right now. This is the best buying opportunity we will have for quite a while. Watch closely if you are waiting for a bottom, they happen fast and are gone. It may take a few days to sort this correction out, but it will be history soon enough. If I had any more fiat handy, I would be getting it ready to spend, alas I spent the last little bit I had at $180 after the crash from $233. At least I still have some $2 coins
Seriously though, be careful, what you want is more BTC, not more fiat. Don't miss the boat because you are too bearish.It is late and my apologies if I sound over-all bearish - I am but momentarily a bear. Crypto currencies are the future of commerce, that is clear, for many technical reasons. The question I wrestle with is will it be BTC in which the value of that technology will be stored?
It's difficult to predict the price when it goes mainstream, but we can be sure that mainstream is still far away. So nothing to worry until then.
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