Not yet  But close Before "Pong" ? |
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Does it make much sense for little fish to trade when this market is obviously the plaything of a few well to do chaps?
learn to surf. |
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USD 1,000,000+ market order? weird.
[edit] geez, even more...
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i am sorry for your guys misfortune, really i am, but i can't help myself: did you really not do your due diligence before investing thousands of dollars into an online casino using a controversial currency? that doesn't sound crazy to you?
risk/reward.
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...
MtGox has more volume these days than the other exchanges combined, which disagrees with the exchange migration hypothesis. Furthermore, if you see the Bitstamp charts the trend looks pretty healthy by itself, with unwavering volume since the July bottom. Therefore, the Bitstamp price looks solid to me.
For the most part, I agree with you. But as a sanity check, consider this scenario: Tomorrow, without warning, MTGox closes down trading operations indefinitely, with a press release saying all trading is halted and all users are asked to initiate withdrawals of BTC and fiat. Do you think that in all that panic, BitStamp's price won't go down? Logically, it should go UP, as people with orders at Gox would now want to place them at BitStamp/others, but I get the feeling the panic sellers would be doing what they do best. My intuition tells me that we'd see some weird panic-sell price falloff for a few days, and then in the same amount of time, a return to somewhere around the daily SMA200 (currently $88.63 on BitStamp). Ever since the beginning of this year, ~$100/BTC has "felt" like a fair price to me, FWIW. I'm not a giant forex or btc trader, but an avid follower of the markets, at least. |
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Yeah, I'm not buying this 30k rally on Mt. Gox.
More like people leaving Gox to sell elsewhere. - speculation
This is my belief mainly due to the lack of follow through of buying on all other exchanges in any meaningful manner. +1 here. price gap only growing wider. |
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Who else thinks so?
I know we're at $115 now, but the continuous touching of all my overbought indicators make it hard for me to take a long position. However, btc was solidly overbought for weeks on the run-up to $266. |
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Second, don't imagine you have jurisdiction to make meaningful impact on the use of virtual currency. Bitcoin, for example, being a decentralized global currency extends beyond any one U.S. state, and indeed beyond the U.S. itself.
This piqued my interest. Are there US regulations regarding the use of, say, the Euro in the United States as payment for services or goods? I couldn't imagine so. If I want to use it and a business is willing to accept it, where's the bother? The focus of regulators in the US has only been (within my view) money exchangers because that's all they CAN regulate since it's the interaction with U$D that concerns them. |
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Get out of this thread please. Thanks.
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How do you figure? That site doesn't calculate for using 9 decks. |
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Lucif, no! If you're really tired of bitcointalk, at least consider starting a blog. This is like the only thread I read regularly on BTCtalk!
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The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations.
I like this. EWP is the astrology of economics! |
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It's absolutely amazing how often I see Lucif predict trends correctly. Just read the last 10 pages of his posts, and he predicts perfectly, generally converging on "bear market." Bravo!
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Is that how trust is supposed to work? There hasn't been any delivery of goods! For the posterity, i've got a preorder in the low 100's, and will only sell off the rights to it for a ridiculous amount of coinage. Planning on buying a Saturn.  |
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My hat is off to Danny Hamilton... he has exhibited the utmost patience through this endeavor. I would be screaming at ECore by now to RTFPosts! (no offense  ) |
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