so many "bull traps" though. People bought all the way up to 112 (down from 91) thinking bullishly when really there was a line of people waiting to get their coins out.

It seems like everything has gone exactly as the last crash though.  Huge bubble... pop. Recover and second run but not so high. Downfall again. Then slow decline?

you forgot it's the longest banking holiday stretch of the year in japan. They are basically closed almost a week. No new money

someone said the market was boring to watch... not today. I can't stop looking at it.


so now that more of the general public know about bitcoin..... will they see that since the price has crashed twice it is a bad investment?

the funny thing is even if the price continues to crash and has a low of like 60 for a year... if it's the same as the last bubble it is still a good investment.

the other funny thing is the fact that the original price crashed the day after western union said they were interested. This time it was the day after paypal said they were interested. You would think that would be great news.

I think 100 is some pyshological barrier...... if we don't regain it we may test 90 again

if it's only traded from and to BTC that means any dilution is only an illusion since eventually it has to come back

right?

I think best cast scenario is we have another test of the 90 barrier (like there were 2 tests at 50 of the last crash) then a slow hold and recovery.

I think worst case scenario 60 is bottom for a moment sometime in the future.

Everything in this market seems to be accelerated... the bubbles going up seem accelerated. The crashes coming down seem accelerated.

But the fact that we haven't crashed deeper than 90 today might mean the holders of bitcoins are somewhat more mature than the last group overall?

but if what happened this tuesday happened (no fresh dollars. Low volume... no buying pressure)

if we see that next tuesday......... things could go down past 90 IMO.

I don't think we will get into the 50's again though but this market is really hard to predict.

This market is weird... there are just 300 coins separating the current 107 price from 103 yet someone just used a market order and bought up past 109.

holy crap now a shitload of coins are being dumped and someone just used a market order and bought at 107 + while the dumping is going on at 103 lol.

just curious if you guys think it will.

wouldn't that be something easy to fix? Lag is already up to 3 minutes

bots or buy orders?

I still don't think it's over but the price always continues to baffle me.

That 2.5k coins for sale at 133.5 doesn't look like a fake sell wall

it was indeed removed. If I held 4k coins i'm not sure I would want to devalue them unless I was about to buy a lot more lol

Is it possible the person is just changing their mind? The price would only slip 4 dollars for a 4k sell

uh oh. 4k selling @132

right now the price is only like $5.50 less than before the sell off started. Heh.

but some supports have been eaten away

so what are the users of silk road afraid of? if that is them dumping?

hopefully this http://www.reddit.com/r/Bitcoin/comments/1b6nmq/bitcoin_to_be_ruled_illegal_as_of_may_1st/  has nothing to do with any of it

so what's everyones call?

buying pressure (I think that's the term? ) has been low for days. I was thinking today it would change because it's the day after a bank holiday in japan.

This coming Friday/sat/sun/mon  is also a banking holiday. Not sure if that will affect the price.

The price slipped from 137 to 133 with that massive sell off... and there are 606 coins in the way of being under 130.

Just saw a ton of coins get dumped. ANd i'm not seeing a huge immediate bounce back either

i've mostly been a bull. that's my problem i don't know when to catch the dips :T

looks like today is a bank holiday in japan. I don't see the market going up today. Same or down.

this week will be interesting because friday

Here is what I gather from precious metals.. especially gold: the price is heavily manipulated.

The thing that occurred to me... you really can't manipulate the price of a commodity by buying up all of it to then try to corner the market and then flood the market with sales. The reason is as you buy the commodity up it gets more expensive and you end up making other people rich and not yourself. So instead of buying up all the gold........ banks (or whoever is in charge of this manipulation) simply go to people who have large amounts of gold and say hey can I borrow this? The large sums of gold are lent because they will be paid handsomely as a cut for manipulating the market.

Now that a large hoard of gold is "borrowed" it can basically be used to flood the market and outpace any buy orders. The only threat would be someone with such huge reserves of cash that they could buy all the gold and screw the manipulators.


Disclaimer: this is all just theory and I actually don't know much about gold price manipulation... it's just guessing.

so in the same way... right now the bitcoin market can be manipulated because it's so small. but once it's huge it will be harder to manipulate. Manipulators would have to borrow large amounts of bitcoins and then flood the market with them.

I've read and watched different things about gold and the one odd thing is how gold gets borrowed all the time. Why would you ever borrow gold instead of just borrowing money? I think market manipulation is the only real reason for it.

this weekend seems predictable that with the low volume trades are mostly steady.

but what next?

There are large sell walls up to 140... large buy walls above 120.

After seeing the price get bought up last week from like 120 to 160 are people really going to rush to buy up 135 to 160 again this quickly?

i'm guessing the price this week will be somewhere between 95 at lowest and 155 highest. yay.