What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
I agree with others that if you're not sure, 50/50 is probably the way to go.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32078. (Read 26609043 times)
November 11, 2013, 07:56:03 PM
I agree with others that if you're not sure, 50/50 is probably the way to go.
November 11, 2013, 07:55:36 PM
so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
Why don't you stop making shit up. Overlay the charts from different exchanges over the last 2 months. You can clearly see which exchange leads each move provided the X axes line up. Sometimes one exchange leads, sometimes another exchange leads - it's not as simple as "X exchange sets the price." There's a lot of back-and-forth now that the volume is evened out. This isn't april so stop pretending that Gox has 80% of the volume.... that's another thing you can check rather than making shit up. Go look at volume charts.
Don't be a noob: "Today, I saw Gox lead a move, therefore, MTGOX sets the price of the market. QED!"
Don't get goxxed!
As for price movement - we've been trading in a very narrow range for the last 10 hours. Something's gotta give. This is bitcoin, remember. Stability is usually rare and short-lived. Nice wall at 385 there but it's gonna get destroyed.
November 11, 2013, 07:52:33 PM
What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too.
November 11, 2013, 07:32:59 PM
Tomorrow might be an important day. Make or break on 400.
500 is coming(flip at 475ish lol) imho!!!~ nobrainer
that's exactly what I thought about 400 and so far was true.
by >>> EOD?
http://bitcoin.clarkmoody.com/
November 11, 2013, 07:31:46 PM
Tomorrow might be an important day. Make or break on 400.
500 is coming(flip at 475ish lol) imho!!!~ nobrainer
that's exactly what I thought about 400 and so far was true.
November 11, 2013, 07:30:26 PM
Tomorrow might be an important day. Make or break on 400.
500 is coming(flip at 475ish lol) imho!!!~ nobrainer
November 11, 2013, 07:28:31 PM
Tomorrow might be an important day. Make or break on 400.
November 11, 2013, 07:17:41 PM
Gox and Stamp moving in opposite directions.
i know and some are just way duxked off ! ROTFF!!! ??>>
https://www.crypto-trade.com/
LMAO!!!/\
November 11, 2013, 07:07:39 PM
sellers OUT !!! TURKEY DAY COMING!!!>BUY&HOLD@WE ARE HEADING BACK UP WITH A PASSION!!!!!!!!!WEEEEE
STOCK MARKET PLAYERZ ASKING ME FOR BTC!!WTF? right~~~
jmho/\
November 11, 2013, 07:02:45 PM
November 11, 2013, 07:01:43 PM
November 11, 2013, 07:00:07 PM
So it appears the seller is not really out yet and he just pulls back to toy with the buyers. This could consolidate for days or weeks till it meets the October trend line. Or maybe there's a small chance of a crash even. In any case this isn't worth the now 0.61%/day interest rate on bitfinex so I'll just go back to holding regular btc (i took a new margin position at $275)
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
Bitstamp doesn't always follow the smaller gox movements but does panic on the larger movements ($15+).
Bearstamp characteristics. so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
Bitstamp doesn't always follow the smaller gox movements but does panic on the larger movements ($15+).
November 11, 2013, 06:56:15 PM
Think the trend is still clearly north, but I wouldn't be surprised if we chilled here for a while or even dropped a little now.
November 11, 2013, 06:55:19 PM
What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
November 11, 2013, 06:53:52 PM
so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
It all depends on trading volume, if one exchange have a huge sell out, other will follow, gox isn't leading the price, neither are btcchina or stamp. Sometimes China go forward, sometimes is Gox.
Way healthier for price stability this way.
Agreed. Great having three or four big exchanges now instead of one. They're all still a bit incompetent, but rarely, if ever, will they all be at the same time.
November 11, 2013, 06:53:08 PM
... guys the market was dead in the water while gox was down and we had a panic sell on stamp to 323... gox comes up and shows a 360 price and stampers start buying. While gox was down stamp was flatlined.
Gox isn't down it's up, and stamp was 349 this morning so it's down too... i'm sorry, MTGox clearly is still the price boss
Gox isn't down it's up, and stamp was 349 this morning so it's down too... i'm sorry, MTGox clearly is still the price boss
November 11, 2013, 06:49:18 PM
So it appears the seller is not really out yet and he just pulls back to toy with the buyers. This could consolidate for days or weeks till it meets the October trend line. Or maybe there's a small chance of a crash even. In any case this isn't worth the now 0.61%/day interest rate on bitfinex so I'll just go back to holding regular btc (i took a new margin position at $275)
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
Bitstamp doesn't always follow the smaller gox movements but does panic on the larger movements ($15+).
so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
Bitstamp doesn't always follow the smaller gox movements but does panic on the larger movements ($15+).
November 11, 2013, 06:48:55 PM
so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
It all depends on trading volume, if one exchange have a huge sell out, other will follow, gox isn't leading the price, neither are btcchina or stamp. Sometimes China go forward, sometimes is Gox.
Way healthier for price stability this way.
November 11, 2013, 06:41:32 PM
so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
Uhh I hope that is supposed to be sarcasm. Bitstamp doesn't give a shit what MtGox does, it's going up while MtGox was going down.
November 11, 2013, 06:38:58 PM
so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox.
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