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Title: [2014-08-12] Investing.Com - Has The Bitcoin Trading Bubble Burst? Post by: botany on August 13, 2014, 12:54:15 AM Has The Bitcoin Trading Bubble Burst?
http://www.investing.com/analysis/has-the-bitcoin-trading-bubble-burst-222420 I, for one, hope the answer is no. ;D Title: Re: [2014-08-12] Investing.Com - Has The Bitcoin Trading Bubble Burst? Post by: Chef Ramsay on August 13, 2014, 01:53:23 AM Quote Over the past 20 hours, there have been huge volumes of sell orders and it is likely that sellers are becoming exhausted, with volume likely to switch in favour of buyers in the next 24 hours. The parabolic stop and reversal also indicates a downward trend at the 4 hour timeframe. Any sell orders should not be completed yet, until the indicators reverses again, with the dots below the price action. The stochastic at this timeframe indicates that Bitcoin is currently oversold and a move of the stochastic above 20 should see a small price increase. My main takeaway value from reading^. Title: Re: [2014-08-12] Investing.Com - Has The Bitcoin Trading Bubble Burst? Post by: freedomno1 on August 13, 2014, 02:41:11 AM So another speculation thread by the Press
Seems about right "Hmm I took this away from it" Payza, a global online payments processor, is now offering customers in 190 countries the ability to buy Bitcoin via bank transfer. Payza could become a one-stop solution for new merchants that want to want to capitalize on Bitcoin but offer multiple payment methods. Didn't notice Payza takes bitcoin now. Title: Re: [2014-08-12] Investing.Com - Has The Bitcoin Trading Bubble Burst? Post by: gmx95 on August 13, 2014, 04:23:28 AM I think what he is saying is that the tide has turned and it is becoming the buyers market. People may run to buy while it is cheap. The problem is that many are starting to have doubts that we will see the price like $1000 or more any time soon.
Title: Re: [2014-08-12] Investing.Com - Has The Bitcoin Trading Bubble Burst? Post by: CoinsCoinsEverywhere on August 13, 2014, 04:20:29 PM What I'd really like to know is who broke 540-550 area on Bitstamp and why. I can see why many traders and miners would sell above (afraid that it will break) or below (figuring that price will continue downward now that it's broken), but I'm having a hard time figuring out how it would be profitable for anyone (who's obviously a whale) to actually be the one to sell through that area.
Title: Re: [2014-08-12] Investing.Com - Has The Bitcoin Trading Bubble Burst? Post by: Kprawn on August 13, 2014, 04:40:25 PM Where was the bubble? $800 or $1000 ---> The bubble is still coming at $5000 ;D
We needed a less volatile currency and we got it. Merchants are smiling and adoption is climbing, based on the wallet increase on blockchain.info and it's a great opportunity to buy cheap BTC |