and up we go
24h Volume: 20326 BTC It's hard to be very excited. I more exited that there wasn't any big panic reaction on this sell off  I'd much rather see a high volume panic get sold into the hands of whales and bounce back hard than this low volume drift down. |
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and up we go
24h Volume: 20326 BTC It's hard to be very excited. |
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 probably a long sideways trading period coming up. zzzzzzz |
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any bad news, or are we going down because low price going slightly lower is scary?
180,000 gox coins moving around |
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 Imagine all these coins hitting an exchange in 1 day and you get April 11, 2013. |
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bitcoin trends are not driven by news; they are driven by the accumulation/distribution cycle within the long term trend.
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(from reddit)  |
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I can see the media: "Bitcoin mastermind found. Bitcoin is now at a serious threat of compromise if he is extorted and hands over teh secret codes."
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some movement on stamp.
Haha, people panicking  Or Satoshi selling, lol Yup. Satoshi just sold his first 1,000 coins. 999,000 to go. |
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* tera enters trading god-mode. buys at $200 and sells at $2500 within one month *
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This will be our first rally without that whacky mtgox trading system. So it may be less volatile just for that reason, with a shorter and more controlled rise followed by a lesser crash.
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The topic is "doubts about bitcoin".
Also this is not about "hackers" - it is about an encryption algorithm becoming obsolete. Bitcoin is a technology set a fixed point in time at the time of its creation - meanwhile the rest of technology continues to grow exponentially around it. Bitcoin may not be able to respond to the exponential growing technology in time to preserve itself, while banks will.
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Next article: Leah McGrath Goodman exposed.
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We are talking about the longevity of bitcoin itself here; not me and my personal savings. Banks are likely to last much longer than bitcoin, from a technological perspective. This is because when the encryption methods used by banks are broken, or come under threat of being broken, the banks will most likely be able to instantly upgrade to new protocols and continue to operate as if nothing happened, with no difference even noticed by the user. For bitcoin, on the other hand, it may be impossible to do such an upgrade or complete a transition in time and bitcoin will fail.
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I have my doubts about february being "final capitulation", because it was short, was all panic and event/news driven, and ended with a flash and bang - a VERY sharp recovery. This was very much like a "second drop" or the drop to 78 in april. A final capitulation or "third drop", on the other hand, should be very slow, hopeless, not news-driven, and slowly scoop into and dig its way out of a support level with a very low RSI and several consecutive days of high volume.
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To form a proper base for an upward breakout from the 3 month downtrend, it should do something like this, as it did last year.
[...]
(12 hour chart)
We're talking about THE breakout of the 2014 consolidation into the rally for the next bubble. This doesn't just happen off the cuff with a 3 day retracement after a 75% rise from the bottom which was a mere week ago.
I'm not that sure about the bolded part. If your expectations about what a possible breakout would have to look like are based on the assumption that the breakout would be followed (more or less) by the next rally phase (EDIT: towards a new ATH) , I don't know if I see that assumption to be all that certain. There continues to be a worrying picture in my head where we are now in the stage where we were in early May 2013: after the *first*, not the *last* post-ATH bearish/correctional curve. I'll see if I can whip up a picture of what I mean later today. Anyway: if that's the case, and we're playing out the April 2013 correction, but slowed by a factor of ~2, then to me it'd make sense to "break out" now without a more solid base/retest of lower levels. If you look at page 1 of this thread, then I have posted a chart about just this. |
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