Bitcoin Forum

Gold is down, equities are stabilizing.

Bitcoin is heading south for the winter.  I predict $9.50 by the end of the day.

Nice volume at Mtgox.  Good to see bitcoin actually being used for something.

Gold was due for a hefty drop. Nothing surprising there except the price is still too high.
Stocks.. well the economy is not exactly humming along in all sectors. To be expected.

As for bitcoin, what I want to figure out is where I should buy back in. $9.50 does not appeal
to me at all. $8.00 sounds better to me if I decided to buy back in or just transfer my USD out
to do other things with it. Mining will quickly add more USD back in, in a couple of weeks.

I'm ready for 7-8 again.

Gold has nothing to do with Bitcoin, and vice versa. Gold will drop to $1000 an ounce by 2012. It is super over inflated, and the pump and dumpers are now starting to cash out on you clowns who thought Obama was the antichrist and the world would end by now ! LOL Everyday the world doesn't end, gold will DROP in price, because everyone will know its all complete bull at the end of the day. And the Glen Beckers only sold on the fear/greed of the poor & ignorant who were promised the world because of their petty gold investments.

random theory time! I had a similar theory when the rally pushed us to 12 the upper resistance, trying to get people to panic buy, since if it passed that range it could have went to 16 quicky, but it held, and the potential manipulator failed,(or not  ;D)

what if this is the reverse, the bot's 1000's of trades cueing everyone else's orders, was to glog things up to stop buyers, deliberately to get the price down close to a psychological barrier thinking people will panic sell, and he could accumulate at 10, and the market would go back up after,  possibly causing people to think this is as cheap as they are going to get causing panic buying, maybe getting to 16's, somebody keeps putting buy's in at 10.01 ect in the 500 btc range, when they sell, he put's more back just a fraction over 10, but not adding to the 10 wall so keeping the fear going.

 ;D

professional traders don't mess about, it's not a game, our inexperienced traders in an unregulated market must be christmas every day for them  ;D

just a theory remember  ;D ;D ;D

Yup, every market move can be seen as two diametrically opposite forms of manipulation. And this is just for the data we see! The data we don't see is just as important, and is a "known unknown" to quote a famous idiot  ;D

Until I win the lottery and can afford to manipulate the market myself, I just have to ride it. In the end, Bitcoin will sink or swim on its fundamentals. The manipulators can make that happen earlier or later than it would, but I doubt at this stage they can be the only factor on whether Bitcoin thrives or fails in the long run.

One would think so until one realizes that it's actually the USD becoming worth less. It is the dollar that is "over inflated."

Right now my dollars are becoming worth more relative to bitcoin.  ;)

9.50$ USD/BTC

Oh the humanity!  When will it end!?

(Not soon.)

The swings are crazy!!!

MTGOXLIVE:Bitcoin Casino lol   :-\

the buy wall is crumbling. this weekend might get very ugly. i am holding off on any buying.

Let's see how serious that $8.50 wall is.  ;D

I cashed out my life savings and am bound and determined to buy 10,000 BTC at $8.50 dadgummit!

hmm! i remember a wall just lke that  at 11.14 about two days ago, first hit that wall took it was gone. disappeareed, no buys just up and left.

Panic time?  ;D

We are all pawns in the big money player's hands.

Jump on and ride, the question is...when do you get off and when do you get on?

definitely seems that way..

Awesome then I can continue stacking  :D

And cigarettes will sell for the half price too next year...
super ridiculous!   :o

Has MtGox frozen?

I personally wouldn't get in anywhere above $4/BTC

Oh, it seems serious enough to me. Definitely buying around that if reached.

cigarettes are mostly taxes, so if states got rid of some of their cigarette taxes, cigarettes could cost 5X less than they do now. (or even 10x depending on your state)

If you look at it this way yeah.
But I can argue: Bitcoins are mostly taxes since all power companies are federal controlled.  ;D

I never paid more than about $1 per pack when I smoked. PA didn't have any tax on RYO (Roll Your Own).

I don't have an option to pay $0.03 cents per KWH unfortunately.

bought back in today between 9.10 and 9.15
sold all today between 9.65 and 9.75
that's all for one day for me
next buying opportunity will come after major gap down to below 8.50ish

wtf is this market doing, I didn't expect a low volume crawl to 10 after the 9.7-10 support has gone.

Good to see some activity on the market  ::)

shill bidding of 0.04 and 0.12 driving the price up then a small wall of around 100 but theres is no substance to the price it is mostly fake bids backed up by real buyers panicking.