I feel bearish.
LOL thanks for the reminder, fiat holder isn't it ?  |
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there's a big conference in a week - if things look positive this should push the prices up, way up.
How would that influence the price in any way? Those going to the conference are already Bitcoin zealots. Are they going to buy by the buckets just because there was some good news? There will be increased media coverage. So? This will be but a drop in the ocean of last month's coverage. |
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Nothing's happening! Booooooring! Is it time to go down?  |
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Mostly it seems like alt coin investors are mostly BTC investors that are diversifying their portfolio a bit in case a certain alt coin "goes to the moon".
Indeed. I wonder what would happen if Bitcoin were to crash.  |
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there's a big conference in a week - if things look positive this should push the prices up, way up.
How would that influence the price in any way? Those going to the conference are already Bitcoin zealots. Are they going to buy by the buckets just because there was some good news? |
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Which means: No interest rates and not quickly withdrawable. I can't really imagine why big investors would do that, but maybe that's just me.
To buy cheap coins. Very, very cheap coins.  |
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How do you see it's a short selling?
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Just remember it isn't a bad thing to take some profits.
Taking a loss is different though.
Isn't a bad thing to cut your losses either (if any of you bought +$120).  |
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 Exponential growth is unsustainable! It's a bubble!  |
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Maybe we're not going to see a major upward breakout over the weekend, but I don't see any real chance for a downward breakout approaching 100 at the moment. Not with an order book filled to the brim, money flow continuing to be positive and 3 different oscillators saying we're oversold.
One can remain oversold/overbought for a looooong time.  |
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Perhaps.
But I didn't say 10k BTC. For some it just simpler to use an exchange (MtGox).
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 No volume to confirm, could be a false break. But maybe cheap coins in near future. In log scale:  |
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I dont know what you mean by the 30 btc comment.
Ok, say I want to sell 4000 BTC for at least $115. I can't do it in one big swoop, otherwise I'll just trigger a panic sell. Instead, I wait for the buy bids to creep up and sell to them, while making sure I don't sell lower than $115. Obviously it works as well for buying. All I'm saying is that I've witnessed someone(s) cashing out slowly. When I'll be cashing out then first step will PUMP the price. How? Walls are closing in, it's less easy to manipulate (on the cheap). Unless you wait for the mother of all consolidation triangle and try to make an upward breakout. |
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I dont know what you mean by the 30 btc comment.
Ok, say I want to sell 4000 BTC for at least $115. I can't do it in one big swoop, otherwise I'll just trigger a panic sell. Instead, I wait for the buy bids to creep up and sell to them, while making sure I don't sell lower than $115. Obviously it works as well for buying. All I'm saying is that I've witnessed someone(s) cashing out slowly. |
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If I was short, I would be looking to take profits soonish. Lack of sell side depth would scare the shit out of me, this could be just a couple people dumping which would explain why there is no market power behind sell off.. bids aren't being cancelled, asks aren't being added to... What 3k btcs to move price back up $7? Don't see risk/reward payoff there
I don't know... since yesterday I've witnessed sellers cashing out slowly. Every time there's enough bids (~ 30 btc) upward of a round number... *sell*. Also: BTC prices don't care about walls. |
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t/a wise things are getting worse by the hour IMO
Mind to explain? In my book we broke upward the main triangle of doom. |
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Scrypt is ASIC-resistant.
No it's not. It might be harder to do, but if the monetary incentives are there, ASICs will appear. It was also GPU resistant... until it wasn't anymore. |
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good point, I'll check it out next time.
what's the reasoning for log-charts again? Because then you're "looking at relative changes"?
Exactly. |
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