Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33222. (Read 26464154 times)
May 25, 2013, 08:37:52 AM
Small rebound before we head back down?
May 25, 2013, 08:35:56 AM
I think the Liberty Reserve news is a big deal.
LRUSD was the virtual currency of choice for a lot of shady or barely legal businesses.
I estimate a few TENs of millions LRUSD are now suddlenly useless.
LRUSD was the virtual currency of choice for a lot of shady or barely legal businesses.
I estimate a few TENs of millions LRUSD are now suddlenly useless.
May 25, 2013, 08:35:19 AM
It looks exactly like one of those 'cup and handle' things only inverted.
An inverted cup and handle on the H1 chart.
I'm not really one to study the charts in too much detail, does it mean anything ?
May 25, 2013, 08:34:28 AM
Well, i don't think it was unexpected at all, in fact i was expecting some bear greed. A lot of people just sell to rebuy cheaper, all short term bears here are just long term bulls.
I wish someone push the price to 1000$ spending 20mil$ in one move after a severe dump, lefting all bears that sell back at 128$ with no coins to purchase at Gox.
It was completely expected, the only surprise was that it didn't happen sooner.
I think someone overplayed their hand pushing down to 128.3 though. We'll see, but I think that the bottom for the weekend won't be much lower than that.
May 25, 2013, 08:33:42 AM
May 25, 2013, 08:25:38 AM
more like stupidity
May 25, 2013, 08:24:35 AM
Well, that sorta sucks. Looks like Liberty Reserve was shutdown today.
Costa Rican arrested in Spain for alleged financial crimes
Article seems a little iffy, but http://www.libertyreserve.com/ does appear to be down.
Costa Rican arrested in Spain for alleged financial crimes
Article seems a little iffy, but http://www.libertyreserve.com/ does appear to be down.
The obvious question now: what are LR users going to transact with instead?
And how many people had money sitting on LR. Seems like a fairly big deal. Without Dwolla, I'd imagine LR was a fairly big chunk of Gox deposits. Surprised no one is talking about this, they were down all day Friday. Maybe not that many people used LR.
Wow this is HUGE big shitz, LR is a gigantic washing machine with millions transiting, many exchange business that deals with LR also do bitcoin, like Aurumxchange. Expect big Losses due to this shutdown for whole digital currency community.
Well BTC is Monopoly now , heck i'm turning ubber bull, i'm holding btc for long, to hell with short term trading.
What do you mean, "BTC is Monopoly now"? Bitcoin is anything but a monopoly. I don't get it.
May 25, 2013, 08:22:28 AM
Long weekend in UK as well with a holiday on Monday.
I wonder if that means more trading or less as people aren't at work.
Also any incoming (to MtGox) bank wires should be processed on Monday in Japan as normal as it's not a holiday there.
I wonder if that means more trading or less as people aren't at work.
Also any incoming (to MtGox) bank wires should be processed on Monday in Japan as normal as it's not a holiday there.
I've never liked weekends or holidays on the exchanges. I'm sure someone can go run the numbers to see if the weekends are actually worse, but it seems that way to me. I also don't like the end of the month, but I'm fairly sure someone disproved that.
May 25, 2013, 08:18:34 AM
May 25, 2013, 08:08:52 AM
Well that was unexpected.
Not really. I sold all mine last night.
Same here. Long weekend in the USA, end of the month, things don't pick up until Tuesday.
Long weekend in UK as well with a holiday on Monday.
I wonder if that means more trading or less as people aren't at work.
Also any incoming (to MtGox) bank wires should be processed on Monday in Japan as normal as it's not a holiday there.
May 25, 2013, 08:08:19 AM
price will probably go a little bit(127-128) more down during the weekend.. no big problem realy.. iz a beartrap :-) and lucky for me i have some bids to be filled so.. please keep on selling weakhands 
May 25, 2013, 08:04:38 AM
Well that was unexpected.
Not really. I sold all mine last night.
Same here. Long weekend in the USA, end of the month, things don't pick up until Tuesday.
May 25, 2013, 08:04:19 AM
Bumping down...
May 25, 2013, 08:01:49 AM
May 25, 2013, 08:00:20 AM
Well that was unexpected.
Not really. I sold all mine last night.
May 25, 2013, 07:55:13 AM
How can one expect anything from an unpredictable market?
May 25, 2013, 07:54:59 AM
Weekend dip is a classic situation.
Anyhow, move on low volume.
Anyhow, move on low volume.
May 25, 2013, 07:53:01 AM
Well that was unexpected.
May 25, 2013, 07:52:44 AM
Another site reporting about Liberty Reserve.
Liberty Reserve Closed, Owners Get Arrested for Money Laundry
Liberty Reserve Closed, Owners Get Arrested for Money Laundry
May 25, 2013, 07:01:47 AM
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