Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33892.

BitPirate

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Quote from: SlipperySlope on May 06, 2013, 10:09:12 PM

Volume picking up on this downtrend.

If anybody cares, I cancelled my highest outstanding bid at $95 and moved it to join another lower existing bid as part of a spread of bids should this downtrend indeed make a strike for $80. I now believe that a retracement from a retest of $80 might not get as high as the last one did.

I don't think it will drop much further right now. I think people are beginning to learn their lesson...

Acidman

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If anyone wants to team up and do TA together let me know I have a solid background in finance and statistics. I Also have a nice arbitrage opportunity that can be exploited until June 1st at the earliest

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: MickeyT2008 on May 06, 2013, 09:59:21 PM

Quote from: Acidman on May 06, 2013, 09:49:56 PM

So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open. Theoretically it looks like a time to buy but TA and the order book make me feel otherwise

It can take nearly two days to get your money into Mt.Gox, and that's sending it from a British bank, I have no idea how long it takes to get it through from a Chinese bank. My money didn't arrive in my Mt.Gox account until the close of business in Japan the following day. Obviously although it'll be nice if prices skyrocket that doesn't mean that it'll definitely happen - or that it won't of course. I'm just going to wait and see, that's all I can do anyway but my funds are now mostly in BTC so if it does, then me and my half a satoshi are ready for it!

Dude, it takes all of 30 minutes to deposit fiat on Chinese exchanges. why would they wire to Gox?

SlipperySlope

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Stephen Reed

Volume picking up on this downtrend.

If anybody cares, I cancelled my highest outstanding bid at $95 and moved it to join another lower existing bid as part of a spread of bids should this downtrend indeed make a strike for $80. I now believe that a retracement from a retest of $80 might not get as high as the last one did.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

seleme

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Duelbits.com

Quote from: wiak2 on May 06, 2013, 10:04:44 PM

Quote from: just1nmc on May 06, 2013, 10:02:23 PM

Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this

Also btc $104 with 1m lag

Probably because their prices are based on pure speculation, while bitcoin does have some utility. Thus when a drop happens, confidence is lost with not fundamentals to rely on, making for much more volatility.

They are purely speculative but let's not kid ourself - bitcoin is not far from that Wink

mccorvic

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Right in the gonads Sad

wiak2

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Quote from: just1nmc on May 06, 2013, 10:02:23 PM

Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this

Also btc $104 with 1m lag

Probably because their prices are based on pure speculation, while bitcoin does have some utility. Thus when a drop happens, confidence is lost without fundamentals to rely on, making for much more volatility.

seleme

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Duelbits.com

Shit happens..

UltimateReaper

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Even I'm surprised by today. It's going down. I wonder if we'll breach 100 by the days end.

Ares

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Dump city bitch, dump dump city bitch

just1nmc

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Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this

Also btc $~~104~~ $102 with 1m lag

MickeyT2008

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This account was recently hacked

Quote from: Acidman on May 06, 2013, 09:49:56 PM

So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open. Theoretically it looks like a time to buy but TA and the order book make me feel otherwise

It can take nearly two days to get your money into Mt.Gox, and that's sending it from a British bank, I have no idea how long it takes to get it through from a Chinese bank. My money didn't arrive in my Mt.Gox account until the close of business in Japan the following day. Obviously although it'll be nice if prices skyrocket that doesn't mean that it'll definitely happen - or that it won't of course. I'm just going to wait and see, that's all I can do anyway but my funds are now mostly in BTC so if it does, then me and my half a satoshi are ready for it!

SlipperySlope

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Stephen Reed

Interesting downtrend that could be a part of new multi-leg strike towards $80.

Acidman

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So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open. Theoretically it looks like a time to buy but TA and the order book make me feel otherwise

justusranvier

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Quote from: ?? on ??

But what happens when the upper blue line collides with the lower blue line? Grin

Total protonic reversal.

Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.

SlipperySlope

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Stephen Reed