Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33315. (Read 26463272 times)

I suspect this will end in disaster.

Bye, bye bears 

bodude loves his conspiracy theories...


you shoulda seen the posts about China


I'm not in it to trade anyways sir, not in the stricter sense... I prefer to engage in general market sentiment discussion to gauge longer term buying in and selling points etc. Maybe I will attempt to trade again if there is another bubble in the future, but the finer stuff that goes into day trading... too emotional for that.

I'm reading your posts right now...

Wanted to respond real quick to this

Could it be a egg/chick argument? Couldn't artificial stability result in lack of volume?
I mean one thing that keeps me from selling in spite of bad news  is when the prices seem to remain steady. Calms people, less volume.

People here don't half talk a lot when there's nothing to talk about.

If you're not occupied by the market changing there's an enormous amount of tinfoil hatting going on. Do the conspiracy theorists still have money? With minds as emotional as that I can't imagine they'll be holding onto it for long. There's still a daily swing of 5% occurring, that's an enormous potential gain. There's been an introduction of an enormous amount of value to the market compared to just a few months ago, we're on the backend of that introduction of money now and the habits that are defined now will be the habits that continue afterwards.

In short, reassess your plans in order to profit from the smaller 5% swings with the larger 10-15% ups and downs. Things aren't going to be changing for a while, you can sit around waiting for the larger swings to come back or you can work out a method to profit off the current market conditions as it's likely to remain this way for a while.

Everyone's waiting for the daily 10-14% swings to come back, and while everyone is waiting for those to come back there will be no swings as there will be no volume as everyone is just waiting for those swings.

Made a 25% increase in the last 8 days repeatedly exploiting the daily low and daily high.

Back to lurking.

I thought the same thing at first too, bobdude.  But the piece that didn't fit was the remarkable lack of volume or volatility after Gox came back up.  
That's what evolved my thinking to a 'perfect storm' scenario:
-We're finally concluding the price discovery following the $266-to-50 crash
-Rather than resuming an upward rally or beginning a downtrend, we entered a trading range.  The spring coils tighter.
-Potential for good news is on the horizon - no one wants to sell.
-While information is sparse, the risk of Gox going away becomes a reality. Then a several hour likely orchestrated DDoS.

...and nothing happens.  Big money cannot buy silence. The market - each and every investor, just failed to act - buy or sell, when Gox came back online.
That's what led me to my conclusions here https://bitcointalk.org/index.php?topic=181037.20 (Page 2, 6th post down).
The short version - I think it's going up  Guess we'll find out soon enough!

Hopefully they did that in exchange for a more serious announcement in the next minutes. For the sake of internet memory:


Anyway. https://www.facebook.com/MtGox/posts/468895216528224 still works. I guess the post was just hidden from their wall, but not deleted.

True. Norman Lamont vs George Soros. Guess who came out the multi-billionaire?

True, true. I just doubt it, market feels too artificial right now. Agree to disagree then.

Gox has now deleted their first response to the DHS news from their web site and facebook page.

Someone please tell Mark that you can't take back what you've posted on the Internet.

Or 5-20% smaller (effectively the same thing)

C'mon, it's just an impasse between buyers and sellers, most of the time with low volume. There is more than one exchange and people all around the world simultaneously either investing or getting cold feet.

I think it would be waaaaay worth it. Even if the  investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.

I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.


Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

I think we'll see some interesting price action this weekend during the conference.  Not sure why I feel that way, but I do.

It seems like someone would have to have deep pockets to purposely create stability, but I could see that I guess.

Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Yes, because Mark Karpeles filling out a form wrong to save a quick buck is a structural impairment of the magnitude of the defective bolts that were used to fasten the steel plates together on the side hull of the Titanic. And is also an errant strategic maneuver of the magnitude of the captain deciding to turn sideways rather than hitting the iceberg head on.

You bears are so great at analogies

If Fiat has lasted this long, with its laughable fundamentals, Bitcoin's survival will be a piece of cake.