Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33264. (Read 26498499 times)
June 07, 2013, 07:55:21 AM
what's the problem? All looks happy and healthy here....
June 07, 2013, 07:52:48 AM
Any predictions for price movement over the weekend?
You must be new here. The only predictions around here are...up...uP...UP!!
Hahaha, indeed. Thanks all for the responses! Also I welcome any other perspectives.
June 07, 2013, 07:51:56 AM
I won a good amount on coin gambling last night for me, and proceeded to Mt Gox to input it since I thought I was going to need to sell today to fell comfortable, appears I was right. Happy with the cash sitting there for now but did put a buy in at $95 just incase I was away for a while
I bet you'll be sorry if your order is executed.
June 07, 2013, 07:49:11 AM
I wonder when people will start to panic. 
When i will dump another 5k btc
transfering on gox in progress.So you'll dump before americans wake up? OMG, huge panic will happen today
Isn't it already 9 am in NYC?
June 07, 2013, 07:47:58 AM
Well, 110 reached (pierced!) on Gox, then dead cat bounce as expected.
June 07, 2013, 07:47:48 AM
When the bubble burst earlier this year, over 2 million BTC were dumped on MtGox alone. It this latest down trend, we've only sold ~150 BTC. Once the big whales realize we are on a persistent downturn, the selling is going to snowball, and another 1.5 million BTC are going to be on the chopping block...
Just to give you an understanding of what that's going to do to the price... there are only 250K BTC on the order book right now. Now, don't get me wrong, there's lots of money on the sidelines, but think about what that means... It means that big BTC whales are currently UNABLE to cash out. So they are bleeding into the market slowly to try and keep the price from crashing. ...and that's why this downturn is going to be so long and so painful...
Just to give you an understanding of what that's going to do to the price... there are only 250K BTC on the order book right now. Now, don't get me wrong, there's lots of money on the sidelines, but think about what that means... It means that big BTC whales are currently UNABLE to cash out. So they are bleeding into the market slowly to try and keep the price from crashing. ...and that's why this downturn is going to be so long and so painful...
June 07, 2013, 07:45:52 AM
I wonder when people will start to panic.
When i will dump another 5k btc
transfering on gox in progress.So you'll dump before americans wake up? OMG, huge panic will happen today
June 07, 2013, 07:44:43 AM
I wonder when people will start to panic.
usually - too late.
June 07, 2013, 07:43:08 AM
I wonder when people will start to panic.
When i will dump another 5k btc
transfering on gox in progress. June 07, 2013, 07:40:15 AM
I wonder when people will start to panic.
June 07, 2013, 07:36:10 AM
The downward movement we had on Sunday and the one we had today stopped only because sellers stopped to sell, not because buyers started to buy.
Outside of that part where buyers bought.
June 07, 2013, 07:36:01 AM
1097
June 07, 2013, 07:34:00 AM
Once again, there wasn't an overwhelming buying force.
Sellers just stopped selling.
Sellers just stopped selling.
And buyers stopped buying...
There's no buying pressure at all. Price is driven by sellers at the moment... Which is one of the very characteristics of a bear market, perhaps?
Buyers stopped buying a while ago. The downward movement we had on Sunday and the one we had today stopped only because sellers stopped to sell, not because buyers started to buy.
June 07, 2013, 07:33:49 AM
meanwhile bitstamp stays over 116
June 07, 2013, 07:26:11 AM
Once again, there wasn't an overwhelming buying force.
Sellers just stopped selling.
Sellers just stopped selling.
And buyers stopped buying...
June 07, 2013, 07:25:31 AM
Any predictions for price movement over the weekend?
My prediction for the weekend is Up Up Down Down Left Right Left Right B+A
June 07, 2013, 07:23:46 AM
My prediction for the weekend is Up Up Down Down Left Right Left Right B+A
... select+start
That's right. Two players baby!!
June 07, 2013, 07:21:07 AM
Once again, there wasn't an overwhelming buying force.
Sellers just stopped selling.
Sellers just stopped selling.
June 07, 2013, 07:19:32 AM
Recovery but not trespassing 120
June 07, 2013, 07:18:53 AM
My prediction for the weekend is Up Up Down Down Left Right Left Right B+A
... select+start
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