this is the beginning of the end of the universe |
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a sign of the inflation (maybe hyperinflation) to come? no, LOL. This is a sign of deflation. An upward rate decreases pool of prospective buyers for many assets, forcing holders to sell at lower price. the increase is foreshadowing inflation. but i agree with you, this will make a lot of money leave the markets... this is not good of for the US economy. time for more QE? I agree inflation will follow deflation, but neither you nor I have any clue how long deflation will last. Could be weeks, months or years. Obama just re-affirmed QE-Tapering.... http://www.zerohedge.com/news/2013-09-05/did-obama-just-appoint-himself-fed-chair Probably not so good for bitcoin |
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a sign of the inflation (maybe hyperinflation) to come? no, LOL. This is a sign of deflation. An upward rate decreases pool of prospective buyers for many assets, forcing asset-holders to sell at lower price. |
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2.99% almost.  |
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Apart from a few 'whale buys' there's not much action / volume lately. The price rising on low volume is not a good indicator for continued rises.
If you are looking at the volume traded in terms of USD, the volume looks about as high as it was during the initial run-up from mid-January to March Which is precisely why looking at volume in THAT way is foolish. |
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If Marx were alive today, he would be forced to admit that the proletariat turned out to be a bunch of pussies who relish alienating labor.
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Not that it matters, but to be clear, I am a Critical Marxist.
Which means I don't play fair. I am a pretentious and snobby asshole.
fixed, comrade. |
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this is a demolition, not a crash. you have been warned.
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Doesn't look bad at all on weekly.  It looks terrible when you are aware of the fact that the ONLY driving force upward has been the difficulty in withdrawing fiat from Gox. |
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I wonder if this has anything to do with Silk Road and Atlantis going down
Was not aware of that, what happened? i dont know, but reddit posts indicate it has been up/down sporadically today |
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I wonder if this has anything to do with Silk Road and Atlantis going down
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This crash is lame. Neither Stamp nor Gox show over 20k volume.
LMFAO, minutes after i post this the actions picks up, huge sells. omg |
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LTC going nuts
This has happened before. LTC dumps often follow BTC crashes. just wait. And down LTC goes  LTC is a crappy hedge. You have to dump it immediately after BTC finishes crash and begins to climb again. The window to do so is very narrow because the largest pumper/dumpers are in cahoots with owners of BTCe. Very risky bizness. |
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This crash is lame. Neither Stamp nor Gox show over 20k volume.
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Karpeles is a genious - second time he uses the same trick, cheap usd for him while saving his btc reserves who are probably very low to sustain paying all his debt in bitcoins!
This would be clear case of extortion if Bitstamp and Gox were colluding together... Wouldn't surprise me. /tin-foil hat off. |
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Probably the first time that bitstamp was direction leader (+5% move).
Bistamp leading price on downs but not ups = lol@bulls. |
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So MtGox is actually following Bitstamp now, nice.  this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits. It's not going down that far you silly drama Queen. We just needed a correction very badly. But you must admit, if Gox is truly following Bitstamp, this is not bullish at all due to lack of bid depth. Even with lack of bid depth there is not a lot of sell depth either, small correction, and within a few days back to challenging that wall at 135. Someone took some profits in number of Bitcoins as that wall would not drop. Yea and how often does Gox follow Stamp UP? Gox following Stamp on way down, but not up is scary... |
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So MtGox is actually following Bitstamp now, nice. this makes potential crash worse because bitstamp has very little bid depth. I suspect gox stops following $50-60ish range, or if not we gonna crash to single digits. It's not going down that far you silly drama Queen. We just needed a correction very badly. But you must admit, if Gox is truly following Bitstamp, this is not bullish at all due to lack of bid depth. *edit* Just checked bid depth and sum on both and WOW. Bistamp has a mere total bid sum of 1.3 million compared to about 13 millon gox. Huge sell on Bitstmap, would cause MASSIVE slippage. You bulls better pray Gox stops following Stamp. |
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LTC going nuts
This has happened before. LTC dumps often follow BTC crashes. just wait. |
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