Wow, today has been REALLY rocky, even by Bitcoin standards.Seriously, each one of those "big-wicks" is almost 10% of Bitcoin's value. It's done that like 4 times already.
It's like February all over again. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32155. (Read 26686410 times)
November 09, 2013, 01:39:26 AM
November 09, 2013, 01:33:18 AM
Wow, today has been REALLY rocky, even by Bitcoin standards.
Seriously, each one of those "big-wicks" is almost 10% of Bitcoin's value. It's done that like 4 times already.
Seriously, each one of those "big-wicks" is almost 10% of Bitcoin's value. It's done that like 4 times already.
November 09, 2013, 01:31:04 AM
Interesting theory, but why would they use an exchange? Or, if they did, why Gox and not something smaller?
Totally unsure of what I'm going to wake up to tomorrow...
$400? $500? $200?
Need Walsoraj' guidance.
Totally unsure of what I'm going to wake up to tomorrow...
$400? $500? $200?
Need Walsoraj' guidance.
November 09, 2013, 01:27:22 AM
seems like some whale wussed out.... only made the market stronger.... china charged right back to 2400 in minutes lol
No, I dont get why people think all movement means whale. Its a bunch of small-medium players selling, not a whale.
A whale move is obvious. Like mr. 10k wall the other day.
I Think Mr 10k wall was meeting someone at that price to sell. Someone had a deal that if it breaks ATH, put up your 10k coins and I'll buy it all. Someone like user:Loaded, who showed back up in this forum about this time, would be behind something like this. Most whales buy over time on an exchange to not cause a panic buying spree, they will buy off exchange, or sell off exchange, or over time to not cause slippage. They are a whale for these reasons. I agree these dumpers are medium sized coin and fiat holders. I'm not going to lie, if I had the coinage to move the market, and maybe gain an extra 10-20% on my holdings, I would do it.
I just wish new users would not panic, and maybe lose some of their own coins at a loss.
November 09, 2013, 01:21:36 AM
that was a 2 hour trend... if it stays around 300 on bitstamp all weekend... watchout sunday night when the world wakes up
November 09, 2013, 01:16:57 AM
I'm 100% bearish tonight, sorry Satoshi
Four hour period is a trend now?
November 09, 2013, 01:15:56 AM
seems like some whale wussed out.... only made the market stronger.... china charged right back to 2400 in minutes lol
Someone once told me whatever doesn't kill you makes you stronger..
November 09, 2013, 01:13:42 AM
I'm 100% bearish tonight, sorry Satoshi
November 09, 2013, 01:12:39 AM
seems like some whale wussed out.... only made the market stronger.... china charged right back to 2400 in minutes lol
No, I dont get why people think all movement means whale. Its a bunch of small-medium players selling, not a whale.
A whale move is obvious. Like mr. 10k wall the other day.
November 09, 2013, 01:10:52 AM
seems like some whale wussed out.... only made the market stronger.... china charged right back to 2400 in minutes lol
November 09, 2013, 01:04:59 AM
Made a quick .5 or so BTC on this correction but man, I ought to stop trading these before this market runs me over..... order book on BTC-E is not dynamic enough, I can't keep up with all the panic! 
November 09, 2013, 01:02:53 AM
People said this in April too; the rise is still too fast.
A 10-25% drop that lasts for 1hr is insufficient.
MAC Donalds, I'm lovin' it.
Sorry, I dont get it?
November 09, 2013, 01:01:34 AM
November 09, 2013, 01:01:22 AM
People said this in April too; the rise is still too fast.
A 10-25% drop that lasts for 1hr is insufficient.
MAC Donalds, I'm lovin' it.
November 09, 2013, 12:58:51 AM
Anyone else pick up some cheap coins off Coinbase? Bitstamp dropped all way the way to $299 and I managed to grab 10 @ $305.
November 09, 2013, 12:58:39 AM
Nice n' healthy. I love it.
People said this in April too; the rise is still too fast.
A 10-25% drop that lasts for 1hr is insufficient.
November 09, 2013, 12:54:36 AM
Nice n' healthy. I love it.
MAC Donalds, I'm lovin' it.
MAC Donalds, I'm lovin' it.
November 09, 2013, 12:53:48 AM
...
I fully expect a flash crash back to around ~1638Y (50% fib retrace), or even lower to ~1446Y (78%).....this likely won't last long but it would be worthwhile to place some buys at these levels and move them up as the price increases.
I fully expect a flash crash back to around ~1638Y (50% fib retrace), or even lower to ~1446Y (78%).....this likely won't last long but it would be worthwhile to place some buys at these levels and move them up as the price increases.
He may be onto something.
Update:
“The law has not caught up with technology,” says Lee “I want China to reevaluate its laws so we can classify Bitcoin as something so government can regulate it.”
“We want to build a company that will last 100 years,” continues Lee. “When I went to Stanford I knew Internet was here to stay. And Bitcoin is same. The Internet was hard to use at first. Computers didn’t have browsers in the early 90s. You had to know FTP and Telnet. The AOLs, Googles and Yahoos made the Internet usable. We want to be that, to make Bitcoin more usable.”
http://www.forbes.com/sites/kashmirhill/2013/11/08/from-walmart-to-bitcoin-the-ceo-behind-the-chinese-exchange-sending-bitcoin-to-new-highs/
November 09, 2013, 12:51:52 AM
CHAAAAARGE!!!
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