sooner than you'd expect it
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32815. (Read 26611052 times)
July 30, 2013, 05:42:38 PM
sooner than you'd expect it
July 30, 2013, 05:41:33 PM
You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
July 30, 2013, 05:33:30 PM
I agree with you that this bull trap is probably sponsored by MtGox's incompetence. However, I see a slim chance that MtGox will fix everything and send everybody their money before the move I'm looking for occurs. The actual problem here is that people still believe MtGox's price is real, and not just a devaluation of the mtgoxUSD. So when mtgoxUSD gets further devalued, people think it's a rally and buy on Bitstamp. That's just the environment we have to deal with.
And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.
And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.
How long will this bull trap last?
Please tell us more because you seem to know it all.
July 30, 2013, 05:29:32 PM
180 in..
July 30, 2013, 05:28:58 PM
Price move confirmed!
Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago
this is it, we are officially on an up trend
Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago
this is it, we are officially on an up trend
NOW would be the time for your bullish prediction!
July 30, 2013, 05:25:36 PM
Price move confirmed!
Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago
this is it, we are officially on an up trend
Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago
this is it, we are officially on an up trend
July 30, 2013, 05:14:09 PM
Here we go again
July 30, 2013, 04:59:56 PM
Did gox just crashed, nothing's coming through the websocket
Yes for ten minutes. July 30, 2013, 04:57:53 PM
I'm bullish.
July 30, 2013, 04:56:42 PM
80k BTC on the book. Decimate, and onward with the positive feedback loop!
July 30, 2013, 04:55:52 PM
Did gox just crashed, nothing's coming through the websocket
July 30, 2013, 04:55:08 PM
Dat lag
July 30, 2013, 04:50:58 PM
Forget about the news, they don't matter. We're going up because the charts are looking good.
i wouldn't say that news don't matter. From time to time they play an important role for herding behaviour.
Often it's like some tension building up and being suddenly released by some big whale moving his fin.
Not too long ago market sentiment was very bearish because of the whole regulatory question in the news.
They don't matter in this case, being the potential to return to the 200s.
This can happen based on the charts alone.
July 30, 2013, 04:50:26 PM
Weekly....
July 30, 2013, 04:48:19 PM
The thing is that people choose to blend in and blend out and interpret the news based on what price action the market has been in, not based on the news themselves.
Also, price actually causes news or events or a suited environment. Think about it.
Also, price actually causes news or events or a suited environment. Think about it.
July 30, 2013, 04:43:27 PM
Forget about the news, they don't matter. We're going up because the charts are looking good.
i wouldn't say that news don't matter. From time to time they play an important role for herding behaviour.
Often it's like some tension building up and being suddenly released by some big whale moving his fin.
Not too long ago market sentiment was very bearish because of the whole regulatory question in the news.
July 30, 2013, 04:38:22 PM
Bitstamp hasn't stopped following MtGox's lead (with a spread), so it's safe to say that people are viewing MtGox's price as "real". As someone speculating on MtGox, say MtGox suddenly opened their valves and the withdrawal backlog is cleared within a week, I think there's a good chance for the bull trap to still play out. Maybe stunted. And if MtGox doesn't fix it, the spread will just stay even or increase.
Maybe if they bull trap hard enough Gox will let them in the rumored 5+ digit priority queue
.edit: At 6 digits I hear Mark throws in a free exercise ball.
July 30, 2013, 04:37:44 PM
i haven't followed markets very much lately,
so sorry if i missed a point there.
are we really going only up because people can't get their fiat out of gox,
or is there a connection with the inside bitcoin conference today in New York?
Are there any other bullish news?
so sorry if i missed a point there.
are we really going only up because people can't get their fiat out of gox,
or is there a connection with the inside bitcoin conference today in New York?
Are there any other bullish news?
It is at least partially to blame. Everyone is trying to make sense of what is going on. There is just so much going on it's hard to make sense of, lol.
In my mind the ETF news is huge, even if it fails it sets precedent for another attempt in another country.
Speaking of the ETF I'm surprised Jeff's comment didn't get more attention.
Quote from: jgarzick
A bitcoin ETF is huge.
(note: they are not the only ones working on one...)
https://bitcointalksearch.org/topic/m.2673918
July 30, 2013, 04:33:17 PM
106!
July 30, 2013, 04:33:04 PM
Bitstamp hasn't stopped following MtGox's lead (with a spread), so it's safe to say that people are viewing MtGox's price as "real". As someone speculating on MtGox, say MtGox suddenly opened their valves and the withdrawal backlog is cleared within a week, I think there's a good chance for the bull trap to still play out. Maybe stunted. And if MtGox doesn't fix it, the spread will just stay even or increase.
Are there any other bullish news?
Forget about the news, they don't matter. We're going up because the charts are looking good. Jump to: