Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32554.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: derpinheimer on September 19, 2013, 12:24:26 AM

Quote from: mechs on September 19, 2013, 12:22:10 AM

I think Gox will survive this - but they have definitely lost their front-runner status which is not necessarily a bad thing.

Its undeniably awful for them!

They should be ashamed. Such an easy position to hold but incredible levels of incompetence destroyed them.

Late last year when I first learned about MtGox I quickly assumed that they would be the next Google or Facebook, a mega-company to ride the Bitcoin revolution. They are sure crashing and burning instead. Very sad, but largely due to their own incompetence (failed merger, regulatory failures).

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Gox will not lose front runner status until they resume withdrawals. And that will cause mega crash to single digits and eventually annihilation of bitcoin. So, there will be no front-runner.

Wink

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: mechs on September 19, 2013, 12:22:10 AM

Quote from: solex on September 19, 2013, 12:21:04 AM

Quote from: TERA on September 18, 2013, 11:48:33 PM

Gox proclaimed dead. Funeral to be arranged shortly:

Invitations going out soon...

I think Gox will survive this - but they have definitely lost their front-runner status which is not necessarily a bad thing.

Its undeniably awful for them!

They should be ashamed. Such an easy position to hold but incredible levels of incompetence destroyed them.

mechs

full member

Activity: 210

Merit: 100

Quote from: solex on September 19, 2013, 12:21:04 AM

Quote from: TERA on September 18, 2013, 11:48:33 PM

Gox proclaimed dead. Funeral to be arranged shortly:

Invitations going out soon...

I think Gox will survive this - but they have definitely lost their front-runner status which is not necessarily a bad thing.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: TERA on September 18, 2013, 11:48:33 PM

Gox proclaimed dead. Funeral to be arranged shortly:

Invitations going out soon...

TERA

hero member

Activity: 728

Merit: 500

Gox proclaimed dead. Funeral to be arranged shortly:

hlynur

hero member

Activity: 770

Merit: 501

Quote from: ?? on ??

http://www.coindesk.com/online-game-developer-bigpoint-now-accepts-bitcoins-virtual-goods/
Online game developer Bigpoint’s 330m users can now buy virtual goods with bitcoins

nice...some more companies of that caliber jumping on the train in the future and Valve will realize that they get a young and spend-happy target audience handed on the silver platter when adopting bitcoin.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

its gonna be worth thousands!

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Not
so
much
...

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Dat 1btc bot...

molecular

donator

Activity: 2772

Merit: 1019

Quote from: investazor

If the price will fall and close on a 4 hours chart under the lower line of the triangle we can expect for the drop to continue to 130.00, where it will find the trend line, or even lower to 120.00 where it will find the 7th September low (the full target for the downside sits around 110.45$/Bitcoin).

On the other hand a breach above the upper line of the pattern could mean that speculators are willing to buy this digital currency, so the price might break above the 148.64 resistance and rally to 162.20, where it will find the trend line.

Sometimes simple analysis is best Wink

.

I'm still tending to call triangle to break upwards (although one could argue it already broke to the downside). Triangle is slightly ascending and previous trend was "up".

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: thezerg on September 18, 2013, 02:22:38 PM

Quote from: NamelessOne on September 18, 2013, 02:11:41 PM

We appear to be breaking up out of the triangle that has been forming over the last week. We shall see if it actually happens.

without whale activity either... could get very interesting if a whale or 2 fears missing the boat.

I wonder if the volume this past week reflects actual economic activity, rather then trading/speculation. The market is neither too high or two low to encourage trading... and Gox problems discourage arb. No big whale positions being taken. What's left except actual economic activity?

People calling it the top and others deciding its time to go up?

xxjs

sr. member

Activity: 280

Merit: 250

Quote from: bitcodo on September 18, 2013, 02:07:13 PM

Who is that Bernanke guy?

Treasury notes down, silver up.

And bitcoin?

Bernanke is in panic do nothing mode.

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: NamelessOne on September 18, 2013, 02:11:41 PM

We appear to be breaking up out of the triangle that has been forming over the last week. We shall see if it actually happens.

without whale activity either... could get very interesting if a whale or 2 fears missing the boat.

I wonder if the volume this past week reflects actual economic activity, rather then trading/speculation. The market is neither too high or two low to encourage trading... and Gox problems discourage arb. No big whale positions being taken. What's left except actual economic activity?

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: bitcodo on September 18, 2013, 02:07:13 PM

Who is that Bernanke guy?

Treasury notes down, silver up.

And bitcoin?

It is upping , i can sense our smart whale waking up..

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: ?? on ??

Quote from: oda.krell on September 18, 2013, 05:22:14 AM

Quote from: Miz4r on September 18, 2013, 04:26:38 AM

When too many people expect something you can be pretty sure it won't happen.

I have that line, embroidered and framed, hanging right over my bed.

That's a keeper.

When too many people expect something and can profit through an action that dampens the effect, you can be pretty sure it won't happen.

NamelessOne

legendary

Activity: 840

Merit: 1000

We appear to be breaking up out of the triangle that has been forming over the last week. We shall see if it actually happens.

bitcodo

hero member

Activity: 509

Merit: 500

Can't upload avatar

Who is that Bernanke guy?

Treasury notes down, silver up.

And bitcoin?

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

You forgot increased speculation (buy and holders), unless you consider those folks in category one. This increases as knowledge of bitcoin increases and more (new) long term bulls invest their fiat.

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