That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...
Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading. Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money. How low will it go? Anyone besides me have any fiat powder left? Not enough to change the tide, enough to help my stash, though - a few thousand $ - not nearly market changing. A whale or two spotting a soft target easily makes everyone (posting) here pretty irrelevant. Be nice if Coinbase beefs up the market - but it looks way off yet, and may only mean money moving from (say) Stamp. New participating fiat would be very nice, but a rally will bring it in, not Coinbase. |
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Not much to stop 266 falling, but more around 250.
I think the market is vulnerable to a dump as BJA says, but let's see what happens when China wakes up.
Have bids around 235 in case. More fiat for 220 or lower.
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BTC-e isn't following. Each attempt at a bull counter attack is weaker than the last. Time is running out before China wakes up, has a cup of tea, and takes a shit on the order book.
Yes, I use the Oxford comma.
Perfectly acceptable to use it, too. |
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 $250-$280 tonight? or is that for next week. Monday to Wednesday? If it holds until Monday at these sort of levels my feeling is the signs are very good. Anything of that order of further rise this weekend would surprise me, but hey this is Bitcoin. If so - extremely bullish, bear market over...? |
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This forum is indeed very pathetic. I assume not many of you here are seasoned traders. This is purely an amateur hour, I left this shyte coin in the dust months ago and went back to equities and forex. This instrument will continue in a downtrend, this behavior is all too familiar. Getting coins at sub 200 was a nice move yes... whoever locked it in god job. At this point I would suggest only profiting from temporary volatility be it in upward or downward momentum. It will never reach its previous point of 800+...As of now it seems to be still moving in a strong downward momentum. It might break out to lets see 260 level then possibly 280 before another drop. People who bought their coins at 400 or 600.. and were 'hodling'. Well, I suggest you get better jobs my friends.
Another Newbie that doesn't know what he's talking about. lol Been closely following/investing in bitcoin since winter 2012...as for my occupation went to ETH Zurich and worked at a desk in Geneva for 5 years. That doesn't explain why you are bothering to post here if you 'left this shyte coin for dust months ago'. Someone paying you, or you just like annoying people - shill or sociopath? |
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It's the Greece vote and finally QE from ECB.
Fear of currency instability and a new banking / bonds collapse in 2015.
Watch gold too. It's the canary in the coalmine....
BTC will benefit in the same way IMHO.
We stay over 225 in any case by end of Sunday, bullish.
Fear sets in and we could see a run like we haven't seen in a long, long time.
Fingers crossed.
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Fairish buys on Stamp... 4 figure ones  |
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Some green action... hmm...
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... bar some settling fluctuations, I personally think on balance the downtrend is over.
Sounds like you've been to universities... No - I just saw you call the bottom and bought in. Thanks! I know you wouldn't wind anyone up |
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Buy or die.
Have been. Admittedly my investment is under water as a whole (I never bought at under $45, too late in for that) but buying at these price has averaged down massively. I am happy, I believe capitulation has happened, bar some settling fluctuations, I personally think on balance the downtrend is over. |
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I'm here just to see when LambTroll will vanish. Should be anytime now... Bye bye LambTroll. It's been fun! They have had their 'rapture'; the world is still here and so is Bitcoin. Looking forward to smoked bear, grilled lamb chops and toasted troll in 2015. |
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Gentlemen. Good morning. As delighted as I may be with the way things are going, this is starting to intrude on my beauty rest! Fix your broken coin, gentlemen    Oh... I can't stay mad at you, you make me so happy! I forgive you! Hahahahaha!
The price, gentlemen! Can you even believe it?!!
It's OK Lambchop called the bottom. |
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Reports that certain exchanges (unfair to name any at this point) are now "suspending" withdrawls.
If you don't back that up - it's just FUD. |
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The 'most of our coins' quote seems to imply they have probably indeed suffered a substantial loss.
I can't see them going bust for 5m bucks, though.
The major exchange in the West folding for 5m? VC money will need to bail it out - or lose 10M.
So - better than evens bet that they will survive - but BTC cred is again damaged.
Best scenario?
They have lost 18K BTC, but they just say - "everything's ok - we found them!" and swallow it.
Market bounces and VCs get some of their security back, and we're all happy. I don't think that will happen, but I wish....
If Stamp goes under - we are seriously fucked - but so are they.
Put yourself in their shoes - I reckon they will be trying to raise the capital, or even sell Stamp, or a portion of it.
I would. What's the alternative?
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To hell with it - I am buying.
Can't see it much lower - and I might as well average down my buys. It looks like cheap coins to me.
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Wow - Stamp hit 260.
Anyone brave enough to call the bottom yet....?
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5th amendment  to the filing this time I guess the juicy part was them outlining the shares to be sold. I wish the process would have a better time it will take the SEC to approve/disapprove So is it approved yet? I have no fucking clue, thanks to the vagueness of everything. Typical Wall Street If you read in the main sec.gov COIN page: Filing Date 2014-12-31 Accepted
2014-12-30 21:10:03Documents 14 So, I guess it is already accepted and nearly ready to launch. Hore Shet meme If this is the case, I must prepare my CCMF pics... "Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(d) under the Securities Act of 1933. Each Share comprising the initial Baskets of Shares represents 0.20 bitcoins and is offered at a per Share price equal to the price equal to the number of bitcoins comprising such Share. The price of bitcoins is based on a weighted average of the average of the high and low transaction prices of bitcoins on June 27, 2013 on three major Bitcoin Exchange sites: Mt. Gox, BitStamp and BTC-e. On June 27, 2013, this price was $100.45/bitcoin." "Proposed maximum offering price per Share(1)" = $20.09  EDIT Note: network difficulty was Jun 29 2013 21,335,329 Total Speed 152,724 GH/s VS Today Dec 30 2014 40,640,955,017 Total Speed 290,919,288 GH/s Based on $100 BTC price - it's a cheap and likely to be oversubscribed offering. Not sure if it's good for BTC price now, but it will make waves in the main stream media. EDIT: Hang on - 20.1 Million shares for 0.2 Bitcoin is 4 million Bitcoin. Hmm... |
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Free money on bitfinex for anyone with deep pockets and a large pile of BTC.
Place a very high ask..market buy 10k. Margins calls will make you several million $'s and a pile of btc
50 people who are prepared to risk 30btc (to open position 3:1 = 90btc) can turn this around... Who is in? would be amazing to see...could ignite a temporary chain reaction with a ping pong over a huge price range indeed. Could send the price over 5k on finex and have a ton of liquidated butt hurt shorts. Other exchanges would move up at least $100 probably more temporarily Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts ? Free money would be setting an ask of several thousand btc above $1000 and then buying 10k btc on market. Forced liquidation sends the price stratospheric filling your asks. You then get btc plus several million $'s. Free money Great theory...assuming longs wont be closing... You have a point I think: I just checked and there are $21m in open USD swaps. Assuming these have gone long BTC then you get 21m/360 = 58300 BTC longs (assuming none are long some of the other bitfinex assets). Against that you have 14 400 BTC swaps which are presumable all shorts. I think this implies a *net* long squeeze rather than short squeeze is possible. So if priced moved up your 14 400 swaps may well be eaten up by open longs closing to take profit. Whereas if the price moved down the longs will have to close and there won't be enough shorts to eat them up... But hey - when was Bitcoin ever volatile  Interesting times. Off to stock up on popcorn, just in case. |
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