I just witnessed on Gox a single massive 1.4 K sell at once at 430 dropping all the way down to 405. Damn.
It's good to see how bitcoin isn't affected by this kind of things any more.
and yet it bounced RIGHT back up to 430.
but bitcoincharts says the low was 415
Yup, was 415. Still a nice little sell-off
kk just making sure, not that it would have made any difference. 405 still would not have come close to breaking these crazy bullish technicals.
Yeah it looks like you're right adam and it was in fact 4
15. I might have got confused by stamp price which went down from 410 to
405 at that time, triggered by that gox order sell.
I don't have the numbers off hand to back this up, but it seems like the April-May rise would have been seriously affected by such a sell even for a few hours. This time around it's almost like these dumps don't happen.
Am I crazy for feeling this to be the case?
no this is indeed the case.
the "bubble pop" happened on very little volume, everyone let that knife fall. no one is letting the kinfe fall today... ( might be because the chinese promiss to buy ALL the bitcoin for mtgox price +10% )
this is not a bubble, this is what being bought out feels like.
In
God Bitcoin we trust
.
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