With all probability 266 has become a floor.
WTF ?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32236. (Read 26711605 times)
November 07, 2013, 05:59:07 AM
WTF ?
November 07, 2013, 05:58:30 AM
Flashcrash alert.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited edit: except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.
Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited edit: except during the flashcrash.
Risk of a change in main trend is low.
Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.
I find myself agreeing with Pietilä, which feels awkward indeed
In my opinion this rally is fueled by:
1) Huge media exposure that led to speculative mania in China (the Feb-April rally was driven by the West; this rally is driven by the Chinese)
2) Big scarcity of coins, created by a) hard decrease in mining profitability (miners are holding like mofo's); b) artificial demand on Gox due to liquidity problems.
These two things combined are taking us to the moon - and I wonder what happens when the western media wakes up to the sound of the new ATH we recently passed
Possible negative factors leading to stagnation/crash:
- Gox going broke. Big investors still have their money there, if Gox goes busto it will be a big hit to the confidence of some whales. Nevertheless, that would slow things down, there will be a little bit of drama, but if safe alternatives come up it will just be a bump on the road.
Possible positive factors leading us to 5 figures and beyond, quickly:
- the SEC approves the Bitcoin ETF
November 07, 2013, 05:57:43 AM
There's only two days with as much price range as we have now that I can find on the charts.
April 9th and today. $50+ upwards price movement within a 24 hour window.
up, uP, UP
April 9th and today. $50+ upwards price movement within a 24 hour window.
up, uP, UP
November 07, 2013, 05:48:32 AM
Cooling off a bit, as it had to.
November 07, 2013, 05:47:54 AM
Nice little opportunity for buying on stamp and selling on gox,$40 difference....
Well, Stamp deals in USD, Gox deals in GoxBux which you may or may not be able to convert into USD within 2 months.
Gox deals in GoxFaith if it concerns withdrawal in fiat.
November 07, 2013, 05:45:37 AM
Nice little opportunity for buying on stamp and selling on gox,$40 difference....
Well, Stamp deals in USD, Gox deals in GoxBux which you may or may not be able to convert into USD within 2 months.
November 07, 2013, 05:44:07 AM
Nice little opportunity for buying on stamp and selling on gox,$40 difference....
November 07, 2013, 05:43:58 AM
Stamp has been lagging quite a bit in price and interface. Maybe their system is just too slow to accomodate all their users and the speed at which goxprice changes directions?
November 07, 2013, 05:36:23 AM
Looks like the Chinese are leading again in price.
November 07, 2013, 05:35:14 AM
Feels good. I like what China did with the peak at 1888. Getting a little bubbly on the intraday, probably due for a good sized correction, but this thing is HOT.
November 07, 2013, 05:33:56 AM
Battle of the walls. Looks like some sellers showed up again?
People withdrew the other days coins from Gox but due to a technical glitch even after 10 hrs no transactions in the blockchain.
So, they asked to be cancelled and now are selling. Check #mtgox IRC
November 07, 2013, 05:31:09 AM
Battle of the walls. Looks like some sellers showed up again?
November 07, 2013, 05:17:35 AM
Meanwhile the chart that matters still doesn't look bubbelish, so we are good to go.
Engage your engines gentlemen!
This isn't a bubble. It's a correction back up to close to where it should be after months of being grossly undervalued.
November 07, 2013, 05:17:17 AM
not really realtime, but ...
November 07, 2013, 05:16:46 AM
Some guys in #mtgox IRC channel complain of some technical issues with MtGox and transactions. Dunno if they mean orders or withdrawals/deposits. Any idea?
November 07, 2013, 05:16:04 AM
Gox and China well over $300, Stamp and e are trailing by almost $40. Crazy.
November 07, 2013, 05:10:24 AM
2500 coins just added to gox. Also why crash when there is no coins but tons of bid? i never understood that concept..
Cash can enter Gox easily. Bids are irrelevant.
hey bear
November 07, 2013, 05:07:34 AM
2500 coins just added to gox. Also why crash when there is no coins but tons of bid? i never understood that concept..
Cash can enter Gox easily. Bids are irrelevant.
November 07, 2013, 05:05:54 AM
Now I can't sleep... For every $1 above $300, I will shotgun 1 beer tonight.
For the sake of your liver, I hope those are Lite beers, or at least little 6-ounce glasses of draft.Drink some water in between.
November 07, 2013, 05:04:42 AM
2500 coins just added to gox. Also why crash when there is no coins but tons of bid? i never understood that concept..
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