The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please  Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen.  Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening. My point is Fiat is leaving gox and leaving the system. Your chart and Bitstamp's depth actually supports my theory. Thanks. bitstamps is 23% of the market quit being wrong On certain days... Why is the bid depth so pathetic compared to gox? How do you explain that one? |
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bid sum/ask sum WOW
This does not illustrate demand. This shows how terrified people are of fiat on gox. They aren't moving coins to sell, despite the bid premium they could have. GEE I WONDER WHY! |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. Bitstamp.... is a joke. Laughable depth. No one keeps fiat there. Also your chart doesn't give good indication of daily volume. Also, only thing it shows is correlation w/ Gox's demise. We all know that is happening. My point is Fiat is leaving gox and the bitcoin economy entirely. Your chart and Bitstamp's depth actually supports my theory. Thanks. |
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Then it will be interesting to see what happens the next 2 months.
You better pray volume doesn't pick up. That simply means fiat leaving the system faster. THEN CRAASHHHH  |
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Less supply = higher prices.
Until all the fiat dries up, then mega crash It will require some superb timing. It requires zero timing. It is inevitable. There almost no new money flowing into the exchanges, not nearly at the rate it is leaving. |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. You are completely wrong about the "whole lot of nothing and suddenly big buy." That bullshit started after the crash. Prior, there was constant floods of buy/sells and fiat flowed into gox equally strong. |
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Less supply = higher prices.
Until all the fiat dries up, then mega crash |
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Dwolla stopped processing coin related payments. Yes, I can still do the money orders with BX.
Huh? i thought dwolla still processed payments from a fincen registered exchange like CampBX, but DID stop processing non-exchange transactions (i.e., person to person, not registered w fincen). *edit* Yup, you are an idiot. Dwolla is shown on the CampBX homepage, indicating they still work together. I'm seeing recent BX facebook posts implying dwolla still works too. Check: https://campbx.com/dwolla.phpMy guess is your dwolla account got suspended because you were doing person to person transactions. Maybe via localbitcoins? |
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Ohmagah do i sell naow or is this bear trap?
herpa der dper derp harper derp derpa herp herp! herp? derderpaherp, daherp! you are welcome |
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die bulls, die. just die.  |
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What the hell? Did I miss something? just more millionaires who want out of bitcoin. Only way to do so is buy on gox, lolol. stupid whales. we are crashing to single digits once fiat dries up. sidenote: lol @ pathetic depth on bitstamp. This is the competition to Gox? lolol. It's sole purpose is clearly to cash out. not good sign of a healthy competitor. ... to get out you've got to sell somewhere else. Where are the dumps? Other exchanges are following not diverging. During whale-less days, BitStamp is seeing steady or slowly rising prices with > volume than Gox. If whales are selling slowly, we'd be seeing these exchanges fall. Bid depth too small, so whales wouldn't sell ANYTHING? That's silly... Volume is low during downtrends, higher during uptrends. Keep beating your drum, you might be able to buy your 5 coins back soon :-) the poor whales CANT sell on alt-exchanges because they have no depth and would cause massive slippage. Whales would eat huge losses. Instead they cling to bitcoin hoping price keeps going up as other desperate whales buy on gox, eventually there might be enough depth on bitstamp so that loss is minimal (few percent). I think it is wishful thinking. Fiat dries up, we rocket upward, then crash to unbelievable new lows. Single digits my friends. |
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Bottom line is price going up for ALL THE WRONG REASONS. Why you mega-bulls get behind this BS I don't understand.
*edit*
i do understand because it is your bullshit
I don't try to pick on you personally.
But this point of view shows exactly why there is much more upside with bitcoin in general. Sentiment is too pessimistic. Not enough people are LONG yet for a reversal.
The trend is your friend. Dont look at fundamentals, but at technical analysis. the charts say everything.do they show fiat is drying up? Because it is. If you don't recognize that, you are a failboat and will sink with the rest. btw, i don't rule out an immediate/sudden ROCKET past $200. Likely will happen. What concerns me is all the fiat exiting at rapid pace. You are complete moron if you think fiat is getting replenlished with new deposits.  |
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Bottom line is price going up for ALL THE WRONG REASONS. Why you mega-bulls get behind this BS I don't understand.
*edit*
i do understand because it is your bullshit
I understand you're mad because Gox doesn't want to withdraw your USD. But bitcoin is much bigger than Gox, deal with it.  No, I'm mega bull. I buy tens of thousands of btc. But now what? I can't cash out on Gox cuz ill never get fiat back. I can't cash out on other exchanges because they have laughable depth. Slippage would be insane... i'd lose so much money. TONS of other whales on same boat as me. STUCK This will not end well. |
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Bottom line is price going up for ALL THE WRONG REASONS. Why you mega-bulls get behind this BS I don't understand.
*edit*
i do understand because it is your bullshit
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None of this explains why Bitstamp, CampBX and btc-e all recorded the same magnitude jump simultaneously
Yes it does. Those are FOOLISH attempts at arbing. That crap is temporary and will come to an end soon. They will regret trying to arb |
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it is an anti-inverse-bubble-bubble. No "real" desire to buy bitcoin. Only thing driving price up is desperation to get fiat off gox. just wait until fiat dries up.
lulz.
I guess desperation to get out of Gox is what's driving up the price at all the other exchanges.  those are idiot attempts at arbitrage. Look at the depth on other exchanges, LOL. |
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normally lower asks = less resistance = rocket to moon. This is only partially true. Now however, bitcoin and fiat leaving gox. Will be an odd situation when there is no bitcoin to buy because no one wants fiat on gox, and suckers who didn't buy sooner can't get fiat off Gox because no bitcoin to buy there.
This is epic hilarious. fuck gox.
It will come back to MtGox in due course when the world doesn't end. not coming back to gox when they finally admit insolvency |
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http://www.state.gov/index.htm^ Almost time for LIVE speech on US plans re syria. What impact on price if US reveals it will drone assault regardless of other nation's support?
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normally lower asks = less resistance = rocket to moon. This is only partially true. Now however, bitcoin and fiat leaving gox. Will be an odd situation when there is no bitcoin to buy because no one wants fiat on gox, and suckers who didn't buy sooner can't get fiat off Gox because no bitcoin to buy there.
This is epic hilarious. fuck gox.
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If bitcoin have a constant rise for another 2-3 week. Do you think we are heading another bubble already?
Discuss
it is an anti-inverse-bubble-bubble. No "real" desire to buy bitcoin. Only thing driving price up is desperation to get fiat off gox. just wait until fiat dries up. lulz. |
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