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Everyone poised for a flash crash that may never come? That seems to mean:
1) Any downward moves will be instantly bought back up
2) Continuing upwards will soon trigger massive panic buying
In short, minimal downside risk, giant upside?
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Holy crap.
Bids are creeping towards 10mil USD (WHAT?!) while the only action on the ask side are the walls that go up and down. The pressure here is immense.
Is it that all these people are pouring fiat into Gox and then just biding their time hoping for a dip so they can buy in at a "reasonable" price, as they may be used to doing with other assets? If the price instead marches relentlessly upward toward $100, will these same people start panic buying with their 10mil USD as they sense the train leaving the station? Is this the correct interpretation? Why are they so willing to bide their time? Because we've gone *more than* exponential recently? |
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Troll's goose is cooked. Better luck next time!
Look dude, we know you're trying to be all clever and get in at a slightly lower price because you think that'll make you richer, but this just shows you don't understand Bitcoin and will almost definitely cash out too soon and miss your chance to become wealthy. Just make your purchase and leave it alone. Stop the lame, transparent trolling. No one with any real money is finding this credible.
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The flaw is idiot level. It's something that I assume was explored, methods against it were conceived and mostly implemented and someone forgot to upload it.
It had to have been something like that.
Good news though we're talking about at most a hundred coins.. Not thousands
Send them an email, tell them that you will take the coins so they are safe and no one else steal them (if someone else steal the coins, you'll be on the hook for it since you contacted them) Grab the coins and email them and telling them you did it to prevent a not so honest person do the same.. I'm sure when they see the issue, they'll understand. Like noticing someone dropped their wallet, picking it up and handing it back to them? |
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If OP can't even give a hint that will be obvious what it means "after the fact," this post is pointless.
Also, the price is riding a ways above its exponential trendline; a sharp drop in the next 8 hours is par for the course.
In short, time frame is too long, "crash" is undefined (60s? 50s? 30s? Teens?), so this post is meaningless. Only if the price goes under $50 should anyone take notice. Actually under $40 is more like it.
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"Circle Jerk Your Way to Early Retirement"
"Circlejerk Your Way To Early Retirement, Featuring Zangelbert Bingledack". Has a certain ring to it. You should approach the TV networks. "Welcome to this edition of Circlejerk Your Way to Early Retirement, with your host Zangelbert Bingledack. It's time to pull down your pants, pull up those wall charts, and get ready for a circlejerkin' good time as we complete the final spurt to $100!" |
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 Browsing this thread on my phone. |
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"Circle Jerk Your Way to Early Retirement"
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Ev'ry so offen one a them technercull anulists come round these parts, but 'for long get run outta town by a bull stampede.
Remember the Arepo.
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How about "Forum Whose General Advice Would Have Made You A Millionaire By Now"?  |
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The price does adjust automatically, but since the number of lost coins remains unknown, it's impossible to tell how much of the price growth is higher market cap and how much is lost coins. Hence impossible to know the "actual" total value of all coins outstanding, just the value of all coins not lost.
For example, if it turns out that half of all issued coins have already been lost, the real market cap is only half what it's reported as. (Yes, if half of all coins got lost starting now, the market cap wouldn't necessarily change since the price would likely double. But there is no way to know if the price doubled because of speculation or lost coins.)
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The thing that gets me about TA of Bitcoin prices is, a typical day trader is lucky to slightly outperform the market. Most don't. Yet when faced with a long-term exponential bull run (that could even perhaps end up as the greatest one in all of history), you have to trade so excellently that you outperform even that exponential rise. Such an amazingly gifted day trader would have to be some kind of superhero and know the market like the back of his hand. This is impossible with Bitcoin. Way too many short-term X-factors.
Also note the "I'm not losing money because I'm cashed out" nonsense. A lost opportunity, a lost (or substantially diminished) position in a meteoric bull market is an incredibly huge loss compared to what was originally held (an undiminished position in that same asset). Sure you could double your position by a lucky trade, and sure, TA can conceivably help, but see the previous paragraph for why it's *still* not worth it.
"Buy and hold: Because you may be uncommonly intelligent and skilled at TA, but your comparative advantage will never be as big as Bitcoin's rise is exponential."
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So much for that "double top"  |
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Looks like we're seeing the familiar Bitcoin battering ram pattern as it heaves and hoes in preparation to break through $75 just like it did with the old all-time high at $32 and $50.
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That is a really nice wall pic, though.
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People say news isn't part of the fundamentals, but it is when most people have never even heard of Bitcoin and getting the word out is the biggest challenge. One very important fundamental number for Bitcoin is simply the number of people who've heard about it.
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I'm thinking it takes time after getting verified to notice that and then to send a wire transfer, plus Japanese banks close in 3 hours (3pm). This may explain why Tuesdays are often big. I assume they're working overtime to get people verified over the weekend, hence the Tuesday jump.
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