Buy?..or buy?
Stay away for next 3 months. Is there a doctor in the house? |
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Long interest down to 17.1 million. Short interest still at 19k. Interesting few days ahead.
To be precise, short dropped to 18k from 24k, and now grew to 19.5k. well quote the 200,000 dollar rise in longs then!  |
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Thanks. Long interest down to 17.1 million. Short interest still at 19k. Interesting few days ahead. |
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So we either bounce now or dive lower I suppose!
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Waiting for the next dump. I am off to sleep with a limit order just under 200. Expect 201 then a sharp bounce or just a sharp bounce up from here. You need cheap coins. You bought a lot above 600$. Incorrect. I bought a sad few at 680. Luckily I bought a shedload in march/april 2013. Still hurts though |
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Waiting for the next dump. I am off to sleep with a limit order just under 200. Expect 201 then a sharp bounce or just a sharp bounce up from here. |
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Smothie, at this point I thought you would already have some wisdom, the possibility of hitting lower double digits is really huge, and the bubble cycle has just came to an end, after we hit a bottom, Bitcoin will become mature and will experience slow growth, people will start using it as they suppose to, instead of hoarding the shit of it, which will bring huge liquidity that will keep the price really kind of stable.
It may take years to get to what we were at before.
The problem with that of course, is that it is complete baloney. What possible reason will there be for no more speculation or hoarding in a currency that is designed specifically for that? |
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Need a snooze. Should I place a limit order or buy in now? Edit: trolls everywhere gone silent. Whaddayaknow? |
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Long and short interest dropping..
Volume high.
Selling ends soon?
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Yes the volatility is absolutely insane. Would be nice if there were some upward volatility. You aren't all out as you still hold 2 bitcoins |
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...should have moved all my coins out of storage..oh well my favourite bitcoiner sentence  don't use exchange, cold storage your coins, forget about it during 2 years and come back Don't worry the majority are safely locked away forever. Tzupy, let me know when you buy |
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Am I the only one worried about a flash crash here?
Worried? How can it get flashier than this? I mean down through the orderbook.. Edit: should have moved all my coins out of storage..oh well |
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Am I the only one worried about a flash crash here?
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Looks like they have some matching bug. The highest bid is 243.7 and it looks like it cannot be filled, even though there are already asks at 239.2.
Why do these bugs always happen during crashes I don't know - but it looks like this one actually stopped the crash (maybe temporarily - but this builds some divs that might result in a bounce back). Heavy selling through it now..time to buy soon.. |
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Looks like they have some matching bug. The highest bid is 243.7 and it looks like it cannot be filled, even though there are already asks at 239.2.
Why do these bugs always happen during crashes |
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how can be unrelated? if the price gets too low, farm and people will stop mining
That's what I would have thought, but I "don't understand Bitcoin", apparently. (bought at $230......will sell at $280....if it bounces that high) You don't Matt. The block reward will still be 25 bitcoins if I am the only person mining btc on my phone. Other than mining difficulty adjustments slowing the release of coins after a drop in hashing power it is irrelevent how much is spent on mining coins. The price is set by the market. End of. Surprised you don't understand that to be honest. Welcome back. You said you weren't interested in buying btc only 50 dollars ago |
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Is this where Wallstreet gets in? I've heard they are dying to get in for a year now. Just ask Inca.
So this must be it right?
Together with secret big money they will gobble up all these cheap coins after the weak hands are shaken out.
Yes that is exactly what is happening. Read my post above to understand more. |
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There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
Finex circuit breaker! |
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Yep, I'm right with you guys here. I should post all my posts warning people at $1000, and constant posts thereafter that it is ridiculous how overvalued it is.
Why it will keep going lower is that China is out of the game. I think China was part of the reason it got so high and with them out of the game it will fall back to under $100. There is nobody who is going to throw money into bitcoins to make a lot of computer geeks rich.
The main reason it is going lower is that bitcoin doesn't offer anything that Fiat, visa, mastercard doesn't offer, at least not anything that makes it worth over $100 or even $250.
Like I have always been saying, where is the money going to come from? Miners? Computer geeks? It will come from nowhere, at least nowhere to sustain these very high prices.
After $300 the capitulation is going to be very bad and we are seeing that now. Should test $200's any day really at this point.
I would suggest that Bitcoin got where it did on the back of 'natural' bullish market sentiment, but also given a huge helping hand by fraudulent trading on MtGox (800'000 BTC of price insensitive buying power can do a lot in a natural bull market phase). Now that neither Gox, Markus, or Willy are with us, we have had a wildly overinflated Bitcoin price, which needs to sink to it's natural non hyped, non manipulated market equilibrium. I hope that Bitcoin doesn't die. I would absolutely fucking love to have one day, an alternative means of conducting commerce that doesn't involve the banking system, but what concerns me is that due to the Bitcoin price becoming so over extended, the mining has gotten way over-extended and I believe that at these prices right about the $200 range, that many miners are at a 'break-even' level. Below this range what do they do? Switch their rigs off and with it goes the heart of the P2P network that keeps Bitcoin's blood pumping? Matt the price of a bitcoin is unrelated to the cost of mining. how can be unrelated? if the price gets too low, farm and people will stop mining So? Block reward is the same regardless. Block discovery might take a bit longer as the mining difficulty adjusts, but that is it. |
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BFXdata shows long interest down to 17,900,000 and shorts still above 20,000. Long interest getting whittled away suddenly.
Invisible wall on finex?
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