Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32725.

Walsoraj

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Ultranode

Quote from: Its About Sharing on August 22, 2013, 02:09:18 PM

Quote from: Walsoraj on August 22, 2013, 02:03:25 PM

The NASDAQ halt reminds me of when Gox halted trading for a "cool down" period after the April crash.

The Nasdaq was up almost 1% according to this list. And, no other stock markets are really down. What is up with the halt?

http://www.bloomberg.com/markets/stocks/world-indexes/

my suspicion is the powers that be detected mass algo sells (intending to flash crash like never b4) and stopped it. Doubtful the crash will be attempted again today. Look forward to some unprecedented action tomorrow.

Patel

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That shitty feeling when you buy alot of coins, and the price drops 5 bucks on Bitstamp >.<

Its About Sharing

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Antifragile

Quote from: Walsoraj on August 22, 2013, 02:03:25 PM

The NASDAQ halt reminds me of when Gox halted trading for a "cool down" period after the April crash.

The Nasdaq was up almost 1% according to this list. And, no other stock markets are really down. What is up with the halt?

http://www.bloomberg.com/markets/stocks/world-indexes/

Walsoraj

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Ultranode

The NASDAQ halt reminds me of when Gox halted trading for a "cool down" period after the April crash.

ChartBuddy

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Wekkel

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yes

Quote from: elux on August 22, 2013, 01:42:19 PM

thoughts?

Typically Goxed... Grin

Its About Sharing

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Antifragile

Quote from: S3052 on August 22, 2013, 01:49:24 PM

Quote from: Chalkbot on August 22, 2013, 01:45:11 PM

Quote from: elux on August 22, 2013, 01:42:19 PM

thoughts?

They should decentralize?

this is just the beginning of major exchange issues
Once the deflation is in full force, we will see more outages. when selling starts in earnest, NASDAQ, NYSE, etc. servers wont be able to handle it.
it is like 100,000 people trying to escape out of a baseball or soccer stadium at once when only one gate is open...

I wonder, the FED can just buy stocks that are being sold. The engines the exchanges use can handle the volume. I mean the FED is injecting a fair amount of that 85 billion a month into the stock markets. AT ALL COSTS they will not let people think the shit has hit the fan. The revolution will not be on television. Cry

That said, I think the FIAT bubble is going to burst, but when? BTC has a "market cap" of 1+ Billion. The FED prints that amount every day by noon. It won't matter, if they try to create volatility there will probably be less to buy back if the currencies of the world are not doing well. Interesting experiment we got here.

And when some, even a small amount of that money goes into BTC, we will be talking valuations that are decoupled from current understanding. That is the best way to NOT put a value on things.

Richy_T

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Quote from: elux on August 22, 2013, 01:42:19 PM

thoughts?

NasGox

S3052

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Quote from: Chalkbot on August 22, 2013, 01:45:11 PM

Quote from: elux on August 22, 2013, 01:42:19 PM

thoughts?

They should decentralize?

this is just the beginning of major exchange issues
Once the deflation is in full force, we will see more outages. when selling starts in earnest, NASDAQ, NYSE, etc. servers wont be able to handle it.
it is like 100,000 people trying to escape out of a baseball or soccer stadium at once when only one gate is open...

elux

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On whales and manipulation:

Quote from: @Carl Icahn

Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one.
What will be discussed is magnitude. 8:34 PM - 22 Aug 2013

https://twitter.com/Carl_C_Icahn/status/370615097963450368

Chalkbot

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Quote from: elux on August 22, 2013, 01:42:19 PM

thoughts?

They should decentralize?

elux

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thoughts?

thoughtfan

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Double whammy for gox: less than 50% of the market and equal to Bitstamp today

Richy_T

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Quote from: thoughtfan on August 22, 2013, 10:59:31 AM

Quote from: Tzupy on August 22, 2013, 10:40:31 AM

IMO the bull party is over. What can be seen in the charts is the topmost Elliot sub-wave...

Can someone please help me with an affliction? Whenever I read the words 'Elliot wave' my head drops forward and before I know it I am snoring with my head on the desk having to be awoken by my colleagues! Does anyone have a cure? Wink

It always brings a thin, croaky voice to my mind...

The Bitcoin Catalog

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The Bitcoin Catalog ---> Get Started!

Quote from: Wekkel on August 22, 2013, 12:24:11 PM

Price remains sticky. It still does not want to go down.
The indicators are cooling down. I smell opportunity down the road.

Bitcoin is always a good opportunity on the long run Grin

ChartBuddy

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Wekkel

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yes

Price remains sticky. It still does not want to go down.
The indicators are cooling down. I smell opportunity down the road.

ChartBuddy

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Traktion

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Quote from: Tzupy on August 22, 2013, 10:40:31 AM

IMO the bull party is over. What can be seen in the charts is the topmost Elliot sub-wave, with it's 5 sub-sub-waves, although the last one is about to begin,
and may be ill defined. I am certain that a correction is coming, dropping the price to the 112 - 114 range, followed by a (slow?) rebound to maybe 117 - 118.
The uber-bulls are going to interpret this as a bear trap, but I believe it will be the prelude to more drops, after a couple of days.

We can see declining volume on MtGox over the last 4 days, with the pattern following an ascending triangle (up towards 125). I would say that is more bullish than bearish, tbh.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c

That said, it has been a steep climb, especially on Bitstamp and maybe we are in for a breather. I'd like to make a trade or two over the next few days, but holding still seems to be the most obvious plan for me atm.

crazy_rabbit

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