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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32161. (Read 26472944 times)

hero member
Activity: 504
Merit: 500
price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion?

It's like it is always, just plain ol' greed. People buying because they think everyones bullish.
hero member
Activity: 518
Merit: 500
price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion?

More likely the latter. There are a lot more people out there who are acceptable to the idea of bitcoin before losing faith in fiats.  The two ideas are not mutually exclusive.  When we reach a saturation of the world popularity with acceptance of bitcoin then we can discuss other reasons for price increases.

I have always felt that most price increase in bitcoin has been due to increasing acceptance.  Crashes, on the other hand, can be tied to very specific events Cheesy
legendary
Activity: 1400
Merit: 1013
price is going up in a parabolic fashion on gox what should we do?
I wonder if it's that Bitcoin is going up in a parabolic fashion, or if people are losing faith in fiat currencies in a parabolic fashion?
sr. member
Activity: 479
Merit: 500
Just a few hundred more BTC to break 167! lets gogogo!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
what should we do?

The answer, sir, is always buy.

Just not on Gox.

 Cool

oh boy, this might get more out of control then i though...
legendary
Activity: 1168
Merit: 1000
what should we do?

The answer, sir, is always buy.

Just not on Gox.

 Cool
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.

clearly it will fly away very soon

Volume will keep dropping, relative to other exchanges, and it'll have less and less influence on the market.  It will stay x% over Stamp.
mtgox, ya for sure


price is going up in a parabolic fashion on gox what should we do?
legendary
Activity: 1168
Merit: 1000
This is a bearish signal, suggesting the run-up is extended.
Bitcoin kills bears for breakfast though so don't think I am recommending anything.

I'm not sure how you can conclude that.  All we can conclude is that many people have gone long on bitcoin recently.  It's not like there was $1,000,000's available on loan on Bitfinex.  The USD available will dry up very quickly, from just a few people.  They're not that big a site.
legendary
Activity: 1168
Merit: 1000
29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.

clearly it will fly away very soon

Volume will keep dropping, relative to other exchanges, and it'll have less and less influence on the market.  It will stay x% over Stamp.
legendary
Activity: 2324
Merit: 1801
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legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.

clearly it will fly away very soon
sr. member
Activity: 444
Merit: 250
29250 BTC for sale right now, lowest it's been in … ages? Also, new 6-month high.
hero member
Activity: 530
Merit: 500
sr. member
Activity: 280
Merit: 250
Someone asked for $166?  Grin

full member
Activity: 237
Merit: 101
interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

i would be happy to lend $ at that rate...

Loans at those rates don't last long. At best you might get a day or two

you mean poeple actually take the loan   Shocked

I don't! But somebody who thinks the price is going up 1% a day does.
legendary
Activity: 1904
Merit: 1002
interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

This is a bearish signal, suggesting the run-up is extended.
Bitcoin kills bears for breakfast though so don't think I am recommending anything.

Bearish divergences on most timeframes as well.  Momentum/volume just isn't there.
So you think the sellers will stampede to the exchanges soon?

I don't trade short term.  I'm not giving trading advice.  I'm just saying I wouldn't be surprised if this was an ending move for the longer term rally off $65.  However, I've been around bitcoin long enough to know it could also double from here.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

i would be happy to lend $ at that rate...

Loans at those rates don't last long. At best you might get a day or two

you mean poeple actually take the loan   Shocked
full member
Activity: 237
Merit: 101
interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

i would be happy to lend $ at that rate...

Loans at those rates don't last long. At best you might get a day or two
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

i would be happy to lend $ at that rate...
legendary
Activity: 1246
Merit: 1000
interest rates to borrow usd are sky high just now on bitfinex.

300%!!

wha? you can short USD?

you lend your USD to traders  at wtv % interest you want.

no one is lending right now... thats why its 300% interest,  i guess its because the bulls exhausted the USD, everyone is long.

This is a bearish signal, suggesting the run-up is extended.
Bitcoin kills bears for breakfast though so don't think I am recommending anything.

Bearish divergences on most timeframes as well.  Momentum/volume just isn't there.
So you think the sellers will stampede to the exchanges soon?

Only if China wills it.
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