Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32001.

Vycid

sr. member

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♫ the AM bear who cares ♫

Quote from: jojo69 on November 19, 2013, 02:16:15 PM

Quote from: Vycid on November 19, 2013, 02:13:35 PM

What the hell does that mean? What's the "physical bottom" for gold?

the cost of pulling it out of the ground, it can undershoot below that, but it can't stay down there for long

That assumption is incorrect, it doesn't matter how much it costs to produce if people don't want it that much and there's tons of it in existence.

You know it costs money to mine a bitcoin, right?

bnjmnkent

full member

Activity: 196

Merit: 100

Quote from: Nikolaj06 on November 19, 2013, 02:15:43 PM

Any guesses to why stamp is slowly dropping all by it self? Delayed reaction because of ddos?

It occurs to me that every exchange undergoes your observed behavior, and:
http://www.coindesk.com/bitstamp-suffers-banking-software-issue-ddos-attack/

bnjmnkent

full member

Activity: 196

Merit: 100

Quote from: macsga on November 19, 2013, 02:09:26 PM

Going for a double bottom Ladies n Gents...

I must admit. It has been a while since serious TA could be seen in this thread

jojo69

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Merit: 4775

diamond-handed zealot

Quote from: Vycid on November 19, 2013, 02:13:35 PM

What the hell does that mean? What's the "physical bottom" for gold?

the cost of pulling it out of the ground, it can undershoot below that, but it can't stay down there for long

Nikolaj06

member

Activity: 116

Merit: 10

WINSTARS - We are changing the face of gambling

Any guesses to why stamp is slowly dropping all by it self? Delayed reaction because of ddos?

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: pera on November 19, 2013, 01:58:15 PM

Quote from: meh32123 on November 19, 2013, 01:53:59 PM

Hmm it seems we still need a final capitulation?

There is no final capitulation in Bitcoin: there is no physical bottom! Wink

What the hell does that mean? What's the "physical bottom" for gold?

Speaking of which: does anyone know if it's workable to cash out on btcchina, buy gold bullion, and get it shipped to the States? Could a company be started to do that to exploit the huge arbitrage in the exchanges?

macsga

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Activity: 1484

Merit: 1002

Strange, yet attractive.

Going for a double bottom Ladies n Gents...

bitcodo

hero member

Activity: 509

Merit: 500

Can't upload avatar

Quote from: windjc on November 19, 2013, 02:07:49 PM

This is going to have to shake out for a few more days.

I mean a correction should last more than 12 hours in the world of reality.

I think we go lower until we find our bottom. How low we or how long we stay there depends on how much new money is flowing into the markets with all the new press. I suspect it is quite a lot and if we consolidate lower, people are going to see that as a buying opportunity.

Just too much good press for the markets to not adjust upwards after a while.

But I am bearish for the next 3-5 days.

+1

windjc

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This is going to have to shake out for a few more days.

I mean a correction should last more than 12 hours in the world of reality.

I think we go lower until we find our bottom. How low we or how long we stay there depends on how much new money is flowing into the markets with all the new press. I suspect it is quite a lot and if we consolidate lower, people are going to see that as a buying opportunity.

Just too much good press for the markets to not adjust upwards after a while.

But I am bearish for the next 3-5 days.

wachtwoord

legendary

Activity: 2338

Merit: 1136

Quote from: ?? on ??

Quote from: Voodah on November 19, 2013, 01:21:35 PM

Quote from: adamstgBit on November 19, 2013, 01:04:57 PM

My wife wants to spend my coins Embarrassed

Give her 1 BTC, tell her to reinvest and that she can go crazy on the earnings.

She'll probably appreciate BTC more after she comes back with 0.

Gave my wife 1000000 baht worth of btc a while ago.

Told her to do whatever with it but i was not going to buy anything for her for a long time.

She bought gold some cash asicminer stock and kept a lot of btc. She said no to ltc at five cents...

Anyway i think she is going to use half of it to buy a massive house in thailand. Im too cheep to buy a house... i rent at $125 a month lol.

AnywY its been an interezting ride but her biggezt complaint is my not telling her what to do. I told her thats why i did not keep her in the loop in the first place.

She missed ltc and did not sell the asicminer at 5 when i said was a good idea.

Oh well she is pretty at least Grin

Why? If you're better at dealing with money isn't it better for you to handle the finances and just to give her money when she needs it for something?

A $31.5k gift isn't the most personal gift I ever heard off Wink

Rampion

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Big volume divergence, technicals are screaming "down we go"... And hard.

On the other side, we all know BTC doesn't give a shit about technicals, at least most of the times. Placing some bids around $330/350 on Stamp seems reasonable, "just in case"

bitcodo

hero member

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Merit: 500

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