24hr volume on Gox under 6,000. lol.
Turbo-ultra-mega-bulls:
I'm interested in your tinfoil hat theories about the laughably low volume on weekends and/or other days when Gox is not crediting accounts with deposited fiat. Specifically, please explain in detail why/how this volume indicates genuine demand to buy bitcoins at these prices.
Thanks in advance.
Whale office hours, for one. They can remain confident that nothing of import will happen without them. I have explained in my own threads. That's idiotic. If at all possible, Whales would use weekend hours to their financial benefit. The only reasonable assumption is that they cannot, which naturally gives rise to the question: why? Best explanation is whale bots don't function well unless they smell new money. I am right, you are wrong. |
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24hr volume on Gox under 6,000. lol.
Turbo-ultra-mega-bulls:
I'm interested in your tinfoil hat theories about the laughably low volume on weekends and/or other days when Gox is not crediting accounts with deposited fiat. Specifically, please explain in detail why/how this volume indicates genuine demand to buy bitcoins at these prices.
Thanks in advance.
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What is your point? To any reasonable person, this was all speculative tin-foil hat stuff until Snowden. You have a fetish for polluting my posts. |
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That's not any different than what Bruce Schneier has been telling us for decades now. Not news to those who have been paying attention. I was obviously using "we" to refer to general public, YOU PRETENTIOUS COMMIE!! |
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The coalition of the willing will strike Syria causing the prices of commodities to rise. This in turn will affect energy prices which will lead to an increase in BTC prices.
Bitcoin goes up when new fiat enters the system. This includes when stupid Americans pour money into Gox, erroneously believing that Cyprians will do the same. Bitcoin also goes up when Americans are terrified of Gox's possible insolvency and buy coin to exit. Americans will not pour money into gox as a result of the Syrian situation because (1) Gox withdrawal issues and (2) too close in time to the previous bubble. The other exchanges are irrelevant. Money doesn't "pour" in like it does to Gox. Bitstamp, etc are used primarily to cash out. |
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That volume (or lack thereof)... lol. Steadily climbing price with historically low volume is red flag for manipulation, especially in speculative markets like stocks. You can find countless examples in the arena of penny stocks. Good job bots. *edit* I shouldn't give all the credit to bots. Gox preventing USD withdrawals certainly assisted the bots.  |
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stfu. I am not afraid to ask the tough questions, bro.
☐ tough question ☑ something else bro cool story, i lol'd hard |
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What if the NSA employs some kind of idiot-savant-mathematics-super-genius who can instantaneously decipher any code?
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A new US-based exchange (CoinMKT.com) opened last night with Dwolla as a deposit option. It will be interesting to see if this has any affect going forward.
US-based, professional looking site, multiple currencies, founders show their face publicly ( https://coinmkt.com/#/about_us) and are not dodging AML&KYC compliance. Interesting. Definitely keep an eye on this exchange. |
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Wow, my bid was hit and the price is rising. This can mean only one thing. The price will collapse within 45mins; before i am able to get on my computer and sell.
thx for the jinx. |
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Is Bitstamp down for anyone else? lol, this might be a planned demolition.
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This has been a weak "crash" so far. If volume doesn't accelerate, I might have to go back in time and change my predictions. Bitcoin, you disappoint me.  "go back in time and change my predictions" That's awesome. I'm going to use that line more! The phrase is my intellectual property. It will cost you 0.1 btc per use. Otherwise, I sue. How much for a perpetual license? 100 btc. If you are sincerely interested, I'll have my lawyer start drawing a contract. |
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This has been a weak "crash" so far. If volume doesn't accelerate, I might have to go back in time and change my predictions. Bitcoin, you disappoint me. "go back in time and change my predictions" That's awesome. I'm going to use that line more! The phrase is my intellectual property. It will cost you 0.1 btc per use. Otherwise, I sue. |
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About here, on the 30th, i have predicted that we'll hit 120 before we hit 150, with a warning that my predictions are always wrong. Here, we were a few bucks away from 150, and i pointed out that it looks like i'm wrong again. Let's see if this wrongness streak keeps up  But if you are wrong about being wrong, do two wrongs make a right? That's just... wrong... and therefore, right? *edit* Perhaps crumbs applied quantum logic and we are simply outside the box. |
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I think that the market has passed a tipping point: bitstamp now leads mtgox. The latest drop has bitstamp trending lower and hitting the lowest point ($115.21) four minutes before mtgox.
The orderbook pressure on gox is not conducive to further falls and is seemingly being dragged lower. There is only one other exchange which could do that...
That should terrify bulls because Bitstamp has about 1/10th the bid depth as gox. Net effect is it takes much less to crash the price on both exchanges. |
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About here, on the 30th, i have predicted that we'll hit 120 before we hit 150, with a warning that my predictions are always wrong. Here, we were a few bucks away from 150, and i pointed out that it looks like i'm wrong again. Let's see if this wrongness streak keeps up I'ts a trap, don't not listen to crumbs! |
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This has been a weak "crash" so far. If volume doesn't accelerate, I might have to go back in time and change my predictions. Bitcoin, you disappoint me. |
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