What exactly is this rally running on right now?
Fake volume in china by all the criminals who fled FINCEN registered exchanges.
This bubble will inflate further and burst even louder than the last one.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31977. (Read 26470712 times)
November 04, 2013, 02:04:05 PM
Fake volume in china by all the criminals who fled FINCEN registered exchanges.
This bubble will inflate further and burst even louder than the last one.
November 04, 2013, 02:01:56 PM
November 04, 2013, 02:01:42 PM
Ain't it the truth.
I think truth is
- buy low
- sell high
...
- buy higher
"Losing all your money" is difficult w/ bitcoin.
November 04, 2013, 02:00:08 PM
What exactly is this rally running on right now?
All those people who WERE googling are now buying in.
November 04, 2013, 01:58:38 PM
November 04, 2013, 01:58:08 PM
Meanwhile, all the bears that have sell today, first day of the week at $227 hopping for a double top feels good, but tomorrow they will repurchase at a loss...
Ain't it the truth.
November 04, 2013, 01:57:24 PM
China.
November 04, 2013, 01:55:30 PM
What exactly is this rally running on right now?
November 04, 2013, 01:54:09 PM
Holy tits, wake up and Gox is suddenly 234. ATH doesn't seem so far away, and after that the media frenzy will follow 
Good thing I trusted lucif and held. When the Clown Prophet says we're going to the moon, I pack my bags.
Good thing I trusted lucif and held. When the Clown Prophet says we're going to the moon, I pack my bags.
November 04, 2013, 01:48:29 PM
Wow, coinbase is giving me the ol "We've exceeded our daily buy limit" message. I haven't seen that since May, though I don't buy every day or anything.
I've been seeing scattered reports of this with increasing frequency over the last few days.Maybe that's why they are raising their prices, because they are hitting capacity limits with regards to the fiat site of the business.
November 04, 2013, 01:39:12 PM
Getting ready to resume rally.
Yea, it seems everyone held off and waited to see if the bears would allow them more opportunity for cheap coins. When it appeared they would not, the buying resumed.
November 04, 2013, 01:37:25 PM
Getting ready to resume rally.
November 04, 2013, 01:29:17 PM
Will we get a Bitoin flag on the South Pole in 2013? We are getting closer:
https://bitcointalksearch.org/topic/m.3480598
https://bitcointalksearch.org/topic/m.3480598
November 04, 2013, 01:27:32 PM
Wow, coinbase is giving me the ol "We've exceeded our daily buy limit" message. I haven't seen that since May, though I don't buy every day or anything.
November 04, 2013, 01:26:34 PM
Isn't this fun? gox isn't lagging out, we have more than one major exchange.
Much better fun than in april
Much better fun than in april
November 04, 2013, 01:14:54 PM
LOL Canada, actually ahead of Gox now (with exchange rate).
November 04, 2013, 01:13:34 PM
Oh no! Bubblepop! 228 and tanking.
In my understanding, it will not go lower than 212.5 (Bitstamp). 2nd Fib.
It was just an intraday correction, bouncing back from the 217.36 first Fibonacci line (which I don't even trade).
November 04, 2013, 01:02:02 PM
November 04, 2013, 12:57:56 PM
The situation is a bit more complicated these days than "mtgox still leading" or "gox is dead".
In the past weeks, several rallies were lead by exchanges other than gox. On most days, gox volume is actually lower than that on bitstamp, for example. But once in a while, like now, when a big move starts, gox is still at the center of attention: they do have the market depth (and deep pockets and experience of traders on the exchange) that no other exchange matches so far.
See what I mean? Gox is almost certainly not the only relevant exchange these days. Ignoring what bitstamp or btc china does will cost you money. But on the other hand, gox is still in a unique position, and it is not wrong to say that, more often than not, you're well advised to watch what is going on there.
One more remark: I got the impression that, in the recent past, gox did in fact lead several *rallies*, but bitstamp was quite successful in *stopping* them (i.e. when gox price went too far ahead, and bitstamp was only reluctant to follow, it went down again on gox)
In the past weeks, several rallies were lead by exchanges other than gox. On most days, gox volume is actually lower than that on bitstamp, for example. But once in a while, like now, when a big move starts, gox is still at the center of attention: they do have the market depth (and deep pockets and experience of traders on the exchange) that no other exchange matches so far.
See what I mean? Gox is almost certainly not the only relevant exchange these days. Ignoring what bitstamp or btc china does will cost you money. But on the other hand, gox is still in a unique position, and it is not wrong to say that, more often than not, you're well advised to watch what is going on there.
One more remark: I got the impression that, in the recent past, gox did in fact lead several *rallies*, but bitstamp was quite successful in *stopping* them (i.e. when gox price went too far ahead, and bitstamp was only reluctant to follow, it went down again on gox)
Forgive me for quoting myself. But here's a nice example of the effect I described above:
Mtgox reaches today's high at 15:35. Bitstamp takes another hour before it reaches its own daily high, at 16:45.
Ergo, mtgox still "leads".
Same time, 16:45, bitstamp iniates downwards correction, 225.5 --> 224, then 223. At this point, mtgox trades sideways. Takes another ~15 min before the correction gathers speed on mtgox as well.
Ergo, bitstamp "leads" as well.
November 04, 2013, 12:55:55 PM
this is why I STOPPED making losing trades
of course I trade pretty infrequently now...lol
of course I trade pretty infrequently now...lol
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