It's funny that someone who trade only dozens of bitcoins get so much attention and persuasions....  |
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I sense something bad, proudhon was using his body to contain the evil bear spirit for everybody else's good, as he changes his avatar I think the bear must be out now.....
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Bitcoin presents a nasty choice for traditional financial institutions and govt's. do they embrace or attack it? and now that the most feared means of attack appears to be in question: http://gavintech.blogspot.com/2012/05/neutralizing-51-attack.html. this post by Gavin raises the stakes considerably for it no longer is a case of some unlimited funds attacker building a farm and trampling all over Bitcoin. the fact that it may be possible for the network to fend off this attack will cause any attacker now to pause and consider not only the financial ramifications but also the political. if they fail, everyone will know about it and the identity of the attacker will most likely come out. failure will be catastrophic in that ppl will become even more emboldened to invest in the currency that withstood the attack from "x" govt or "y" financial institution and could ultimately be the coup d'etat of fiat currency or MOAR. The biggest threat is still propaganda it has been since the dawn of civilization. In order for bitcoin to become unstoppable it needs to become impervious to it. Moreover, you can't expect a Joe Sixpack to be well-informed with all the fundamental tech aspects of the Bitcoin, a cult-like sentiment needs to be developed among the mass if they are to adopt it. |
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Name: BTC Economist
Posts: 190
Position: Full Member
Date Registered: June 18, 2011, 05:38:11 PM
Last Active: November 19, 2011, 03:49:30 AM
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Well it sure looks like whomever put the wall up has cut that wall in half to 5k. LOL!  Precisely, from 1x10k to 1x6k He should really split the wall to multiple sell (various 10x500, 5x300, 15x1000) to gain more confidence  Or is it too hard to cancel multiple sell order manually ? Maybe he is just doing that. |
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If people start panic selling even at $12, that means the demand still mostly comes from manipulators and basement kids who invested their lunch money, rather than serious investors, this is not going to be good for bitcoin.
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Still, a real rally should have the momentum to break this dam even if it's real.
Uhh yeah it will...what you are talking about is the momentum of a bubble rally. A large buy order comes in and wipes out the wall, Mt.Gox halts for a while and reopens after confirming everything, the price goes down a bit, then slowly progresses to a new level....haven't we seen this several times already? |
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Still, a real rally should have the momentum to break this dam even if it's real.
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It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.
Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32. This makes me confident that we're already at or near the top. You were "confident" at $7.2, $8 and $9. Your confidence has no credibility  Wasn't proudhon supposed to take down the bear at $8+? Looks like someone who can't keep his word to me. He couldn't do that now that the bear is all over him, when he made the promise, his soul still retained control of a small part of him. |
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Could it be a hacker cancelling all the sell orders.........
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"Everything is bogus, this whole rally thing is bogus, they will finally find out and roll all the way back to $2."--from a desperate permabear
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Hoho, the government shold have known this: http://en.wikipedia.org/wiki/Streisand_effect Previously uninformed people are gonna get really curious as soon as the ban is proclaimed "Hmmm, how dangerous is this thing called Bitcoin that Feds have to go all the way to ban it? I should have a look........" |
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It's about time. We're probably headed for the 8s, at least.
You meant 8 cents?  |
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but, again, why no news ?
it is like bitcoin is put on ignore,
people are certainly talking and taking notice
is mainstream media in secret agreement not to "advertize" ?
What about "it has been here before, and it ain't record breaking time yet"? |
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A well-informed, well-endowed investor would not need to consult Google before he made his decision, and even if he did, one or two searches would not influence the trend graph noticeably yet millions of dollars could be pumped in at the same time, and this is just one possibility.
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Last high was 9.7 last low 7.7. Anything in-between is sideways.
Candle stick patterns are non-lagging though not leading. (No crystal ball for you)
What about Last high was 31.9 last low 2.0. Anything in-between is sideways. |
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Seems that trading has resumed.
CAN WE GET NOTICE IF THAT 40k BUY UP TO $9.30 WAS REAL OR NOT?
you can see it at 10am on http://bitcoin.clarkmoody.com/looks like 50k coins (ed: hmm, closer to 70k volume) i put a sell in at $9.50, seems bizarre that someone would spend enough to get 50k, then let all these sub 9's fill in w/o buying again in a few days. err, well, 50k was too much anyway. should just buy 10k then let all the sellers file in, wait 8 hrs, etc May be it's just small money for him. |
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The buying was so epic that Gox simply can't keep up with it, shame for them, cowards!
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Also on ClarkMoody, MtGoxlive, etc. Anyone notice the same thing?
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