Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 33165. (Read 26720873 times)

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

Yes, I don't get too worked up over little things like this. Pretty much guaranteed that BTC will rise above $100 in my lifetime so no sweat. I'm just collecting bitcoins in the mean time.

sarc

member

Activity: 98

Merit: 10

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

wall street go-getter, obviously

StarenseN

legendary

Activity: 2478

Merit: 1362

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: Its About Sharing on July 03, 2013, 12:46:25 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: 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: Dalib on July 03, 2013, 12:39:22 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

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

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

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