Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33101.

StarenseN

legendary

Activity: 2478

Merit: 1362

Quote from: Miz4r on July 03, 2013, 12:51:35 PM

The 'problem' is that the current sell off is happening in slow motion. There is no panic selling going on at all, just a couple dumps over the course of a day and no real buying pressure to bring the price back up. This makes it hard to predict a bottom or a bounce, it could slide down for a while longer until bulls finally wake up.

"Slow motion" it took 2 years for gold to do the same corrections (or what ever we call it).

Frozenlock

sr. member

Activity: 434

Merit: 250

Wow. That's a bear.

Quote from: lucif on July 02, 2013, 05:13:03 AM

bito

newbie

Activity: 57

Merit: 0

Quote from: Jozzaboy on July 03, 2013, 12:48:54 PM

Quote from: sarc on July 03, 2013, 12:44:18 PM

Quote from: Jozzaboy on July 03, 2013, 12:41:05 PM

Quote from: N12 on July 03, 2013, 12:39:00 PM

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Thanks but once again, I'm looking for a good point to short with the lowest possible risk. Just dumping everything on the market right now might cause me to miss the bottom. Yes, I believe we are that close to it.

because....

by the way, I love how your picture is so perfectly in tune with your forum personality.

Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief?? Roll Eyes

He might be referring to your attitude?

Miz4r

legendary

Activity: 1246

Merit: 1000

The 'problem' is that the current sell off is happening in slow motion. There is no panic selling going on at all, just a couple dumps over the course of a day and no real buying pressure to bring the price back up. This makes it hard to predict a bottom or a bounce, it could slide down for a while longer until bulls finally wake up.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Its About Sharing on July 03, 2013, 12:46:25 PM

Quote from: Dalib on July 03, 2013, 12:39:22 PM

Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?

Exactly, if it is a "floor" with no buys coming through then I am not impressed. It seems like just another silence before the storm.
But again, we are on levels where we could bounce violently. But I don't feel like gambling...

I did. I bought 100 BTC @ average of (gox 0.5 % included) $81.27 and waiting to sell again...

EDIT.

Quote from: gandhibt on June 24, 2013, 03:33:23 PM

I sold all my trading coins (100 BTC) @ average 101.97 USD/BTC. I think I'll buy back @ 80-85 USD/BTC.

EDIT2. although I have added more funds to trading wallet.

bangersdad

full member

Activity: 227

Merit: 100

wouldnt you have expected some news from gox if everything was okay for tomorrow?

they would have given a "status update" just to let everyone that the 2 week estimate was still accurate.

i think the saying no news is bad news applies here.

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: sarc on July 03, 2013, 12:44:18 PM

Quote from: Jozzaboy on July 03, 2013, 12:41:05 PM

Quote from: N12 on July 03, 2013, 12:39:00 PM

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Thanks but once again, I'm looking for a good point to short with the lowest possible risk. Just dumping everything on the market right now might cause me to miss the bottom. Yes, I believe we are that close to it.

because....

by the way, I love how your picture is so perfectly in tune with your forum personality.

Shit... that is a picture of me on Galveston beach. What exactly are you trying to say here chief?? Roll Eyes

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Dalib on July 03, 2013, 12:39:22 PM

Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?

Exactly, if it is a "floor" with no buys coming through then I am not impressed. It seems like just another silence before the storm.
But again, we are on levels where we could bounce violently. But I don't feel like gambling...

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Jozzaboy on July 03, 2013, 12:20:08 PM

Something doesn't seem right. Market depth is so heavily in favour of buy with 1k moving us down 1 dollar or up 5 dollars.

I'm holding, as usual Cool

The question is, are those bid walls (or depth) real?
That is the hard thing. Looking at the depth I say "bullish" and then another sell of 500 goes through. I've wondered if it's the same people or parties...

sarc

member

Activity: 98

Merit: 10

Quote from: Jozzaboy on July 03, 2013, 12:41:05 PM

Quote from: N12 on July 03, 2013, 12:39:00 PM

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Thanks but once again, I'm looking for a good point to short with the lowest possible risk. Just dumping everything on the market right now might cause me to miss the bottom. Yes, I believe we are that close to it.

because....

by the way, I love how your picture is so perfectly in tune with your forum personality.

Frozenlock

sr. member

Activity: 434

Merit: 250

I found this little gem on reddit:

Quote

Not worth selling with current price.

lysr

member

Activity: 161

Merit: 11

Tried to withdraw 10000 usd a few days ago, support staff said I had to wait for at least 2 more weeks because they were having a long queue of requests to process. I doubt this problem will get resolved anytime soon.

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: N12 on July 03, 2013, 12:39:00 PM

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Thanks but once again, I'm looking for a good point to short with the lowest possible risk. Just dumping everything on the market right now might cause me to miss the bottom. Yes, I believe we are that close to it.

Dalib

full member

Activity: 462

Merit: 101

A Top Web 3 Gaming Layer2 Provider

Yet it really seems that 81.87 will be possible bottom at this moment. But for how long? Again, just a few hours?

N12

donator

Activity: 1610

Merit: 1010

Quote from: Jozzaboy on July 03, 2013, 12:35:38 PM

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

Bull traps always happen and often times quite violently, but deluded bulls will say it's the emergence of a new bull market because China Winklevoss Argentina Turkey Cyprus instead of selling. I won't make any efforts to predict them, and I'm not at all actively trading.

Jozzaboy

member

Activity: 98

Merit: 10

Quote from: MAbtc on July 03, 2013, 12:35:16 PM

Quote from: Jozzaboy on July 03, 2013, 12:30:44 PM

In the mean time, I know most of you are in fiat right now so it is in your interest for me to sell my hoard.

Are people serious when they say this sort of stuff?

Why not? If I sell, the price comes down more. If their message affects more people, it keeps bringing down the price. Something something butterfly effect.

Everyone wants to buy in at the bottom.

Jozzaboy

member

Activity: 98

Merit: 10

I think people are betting on MTGox being competent tomorrow. What if they announce that they still haven't got their bank up to scratch and it will be another 2 weeks until you can withdraw?

No no, no chance of a bounce at all.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: Jozzaboy on July 03, 2013, 12:30:44 PM

In the mean time, I know most of you are in fiat right now so it is in your interest for me to sell my hoard.

Are people serious when they say this sort of stuff?

icekiss

member

Activity: 70

Merit: 10

Quote from: MAbtc on July 03, 2013, 12:27:56 PM

Quote from: icekiss on July 03, 2013, 12:23:27 PM

Quote from: gandhibt on July 03, 2013, 12:20:17 PM

Small bounce?

Mtgox just about has to. Bitstamp should fall quite a bit, though (I cant't see any reason why it should stay higher or even very close to mtgox).

Bid side on Bitstamp is actually still looking pretty strong. 5100 coins to 75, 2600 coins to 90. Waiting for a nice 1k sell to prime us for the 70s.

I know. Why do you think bitstamp is trading higher than mtgox at the first place!? Cool

So I am doing the same as you - waiting for a nice big dump of at least 1000BTC before even thinking about trying to catch a bounce... Roll Eyes

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: Frozenlock on July 03, 2013, 12:28:48 PM

Quote from: Jozzaboy on July 03, 2013, 12:25:38 PM

Quote from: N12 on July 03, 2013, 12:24:24 PM

Quote from: Jozzaboy on July 03, 2013, 12:20:08 PM

Something doesn't seem right. Market depth is so heavily in favour of buy with 1k moving us down 1 dollar or up 5 dollars.

I'm holding, as usual Cool

I remember it was the same during the whole of the 2011 bear market.

Cool story bro.

You realize most of us are just trying to prevent you from having the same pain we did?

no pain no gain. some people learn their lessons the hard way.

dooooooown sheee goeeeeeees.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33101. (Read 26709154 times)