And only on Gox? 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33534. (Read 26715882 times)
June 02, 2013, 06:28:24 AM
Noob question: Can anyone explain the spike to 130 following the [unmentionable]? It doesn't seem to make sense no matter how i read it And only on Gox?
And only on Gox? 
June 02, 2013, 06:28:08 AM
Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.
There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.
and yesterday we had 10k on 127...
Spot the difference in the situations.
Around 15k coins were bought around 119-120, if it price drops again below 120, expect another sell off..
June 02, 2013, 06:24:28 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. 
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?
Yes. No joke.
Look it up - 'triple bottom'
Quote
This pattern is considered to be a very reliable indication that the downtrend has reversed and that the new trend is in the upward direction.
June 02, 2013, 06:24:01 AM
Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.
There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.
Is that what you think it will happen , or what you want to happen?
Spot the difference!
June 02, 2013, 06:22:37 AM
Wow, what the hell happened? My buy order at $120 got filled! Now the question is, should i sell at $123?
nah ... it was a one off large trade, the general trend is up up up
June 02, 2013, 06:17:22 AM
Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.
There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.
and yesterday we had 10k on 127...
Spot the difference in the situations.
June 02, 2013, 06:12:49 AM
Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.
There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.
and yesterday we had 10k on 127...
June 02, 2013, 06:08:07 AM
Yeah, $50 isn't gonna happen, guys. That train left the station. If you're waiting for 50 you might as well buy back now.
There's already about 6800 coins in bids on top of the low from that dump. Keep waiting for "cheap coins" and you'll just be buying higher.
June 02, 2013, 06:01:55 AM
June 02, 2013, 05:57:54 AM
Clarkmoody died on me. Bitcoinity holding. Any other sources I can look?
Install the goxtool trading client.
June 02, 2013, 05:49:33 AM
I missed it, I missed it. Oh boy...
Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?
Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?
It was just this:
June 02, 2013, 05:48:32 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
Only a higher low (>103 ) would not cause loss of confidence.
June 02, 2013, 05:45:57 AM
I missed it, I missed it. Oh boy...
Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?
Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?
can someone be this lazy?
June 02, 2013, 05:44:37 AM
I missed it, I missed it. Oh boy...
Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?
Can somebody please summarize what just happened? How big was the sell, when exactly did it happen, were there any indications... can somebody fill me in on what I missed?
June 02, 2013, 05:38:43 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?
June 02, 2013, 05:35:49 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
June 02, 2013, 05:31:41 AM
Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again
I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.Damn, going back to 100 would be really bad.
what are u smoking and can i not have some of it?
I'm smoking good old technical analysis, and I hope I'm wrong. I really dislike FUD, and I'm usually a bull. But I won't stay perma bull if it just feels wrong. I'm just discussing my thoughts at the moment.
June 02, 2013, 05:30:04 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
The only reason I say this is because the market has now completely and utterly terminated the trendline we have been climbing since 50 well over a month ago. All the big selloffs since then have simply bounced off the trendline and continued upwards, but this time the price has torn straight through it. Some people don't believe in trendlines and analysis, but all my experience has shown them to be remarkably useful, and its just a mass human psychology in the end. Like I said before, I'd love to be wrong, I hated the drop from $32 - $2 even if I benefitted greatly in the end. June 02, 2013, 05:29:45 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
June 02, 2013, 05:27:39 AM
Well, looks like were back at 2 weeks ago. We'll reach 130 again in 10 days followed by another big dump and repeat it all over again
I highly doubt it, the trendline since 50 has now been pretty brutally smashed. I feel 100 isn't far off at this point. I don't care about the buying happening at the moment, just the bounce after a huge drop. This feels like a desperation push by a big player, we could be testing the broken trendline now before continued drop. These big players should have come out in the last couple days to get us over 132-135. Already back at 123 before I finished this. Lets see where we go. I'd love to be wrong.Damn, going back to 100 would be really bad.
what are u smoking and can i not have some of it?
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