I expected a face plant of epic proportions. Left disappointed.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32456. (Read 26725992 times)
October 28, 2013, 11:27:45 PM
I expected a face plant of epic proportions. Left disappointed.
October 28, 2013, 10:24:07 PM
October 28, 2013, 10:12:17 PM
A moment of truth?
October 28, 2013, 09:57:21 PM
just buy, sell later if you think price is to damn high 
October 28, 2013, 09:39:09 PM
Anyone creeped out by this slow low-volume recovery and all the selling?
TERA, there are some similarities.
Note, increased volume at blue circles (historical chart). That's where impatient speculators were buying in hope for the price to go from 104 to at least 190 (it went only to 136). First they bought at 104, then they bought at 91, and then the price fell even more causing them to partially exit with a loss. Each time they bought, the price went down (to 79). It was fun to watch.
They failed to analyze the increased volume at red circle + did not see some other things that happened earlier (not covered by your chart), which indicated for the patient speculators that the so called bull trap would develop later.
Well spotted!
October 28, 2013, 08:46:35 PM
There is no "all the selling".
Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
Not selling because cannot get fiat out of exchange = stronger hands? lol.
fixate much?
Btw, 1000s of people in Japan are getting their $$ out within 2-5 days. Most of the european and us trading has already migrated to other exchanges.
October 28, 2013, 08:44:26 PM
There is no "all the selling".
Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
Holding because cannot get fiat out of exchange = stronger hands? lol.
October 28, 2013, 08:40:09 PM
Anyone creeped out by this slow low-volume recovery and all the selling?
There is no "all the selling".
Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
October 28, 2013, 08:28:56 PM
keep in mind that is the result of 0% trade commissions 
Still impressive, since BTCChina is only 21% of the total Chinese market:http://btckan.com/price
October 28, 2013, 08:15:10 PM
Got another buy in at higher prices, putting my recent average at $174.5. Lets see if this one gets canceled due to high risk by coinbase 
October 28, 2013, 08:13:28 PM
Seems the bubble is inflating again. But the bids are so thin...
Look at what's happened to Mt Gox's relative volume:http://data.bitcoinity.org/#caaaabegaa
keep in mind that is the result of 0% trade commissions
October 28, 2013, 08:01:51 PM
Anyone creeped out by this slow low-volume recovery and all the selling?
October 28, 2013, 07:37:53 PM
650 get drunk buy bitcoins errday
This is my long-term strategy
This is my long-term strategy
October 28, 2013, 07:01:48 PM
wtf are you people wait for? Xmas!?, fuck this I'm emptying my bank account tonight.
I almost did this back in 2011 when I was drunk. Why, oh why, didn't I.
For highly analytical people like me, we make some of the best decisions when drunk.
Do you have an explanation for this?
Yeah, it stops second-guessing, lets you go with your gut, keeps you from getting bogged down in the details and missing the forest for the trees. It's a corrective for over-analysis, so it only works if you're actually prone to over-analysis. (The right amount of alcohol. Too much is eventually worse, of course.)
I noticed this too.
+1111111111 couldn't agree more.
Also....bid depth looking healthy!
So, now we know why bitcoin rates move all over the place: you're all drunk when trading!
It sounds like someone that says you should be a little drunk when you drive so your driving is more relaxed.
The decision to get drunk can be made whilst sober.....as with any drug. If you are aware of the benefits of the drug, then you are a very clever manipulator of your own consciousness.
+1
Seems a lot of people like to over-analyze why they like to get drunk...luckily I come from a country where we don't need a reason, just an occasion
October 28, 2013, 06:30:36 PM
Seems the bubble is inflating again. But the bids are so thin...
Look at what's happened to Mt Gox's relative volume:http://data.bitcoinity.org/#caaaabegaa
October 28, 2013, 06:27:39 PM
Seems the bubble is inflating again. But the bids are so thin...
standard..
Half the 210 wall has disappeared.
October 28, 2013, 06:23:29 PM
Seems the bubble is inflating again. But the bids are so thin...
October 28, 2013, 06:02:23 PM
October 28, 2013, 05:47:55 PM
200 on stamps soon.
get it while its hot!!
get it while its hot!!
October 28, 2013, 05:45:34 PM
Even lower this time I presume. Operation Bubblepop in progress.
LOLBubblepop?
That's the sound of champagne bottles opening in anticipation of the ATH.
lol
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