Once Yifu the fat face sell his stash, we're going down to $50 lady and gentlement.
Anyone still have his address handy? link us to the blockchain.info ..
Am I the only one amazed that no one on here openly admits to be holding during these drops? Everyone is always on the profitable side during huge drops. Smaller drops, and during rises, you can see people winning and losing. But the mega April crash, and June, etc. Everyone was "YAY! DOWN!" Sorry for disappointing you, but as I mentioned before, I took a 3% loss. Had bought at 140$, hoping for a small rise the next day. I was monitoring the money flow on bitcoincharts, and saw strange sales, when the price should have gone slowly up. I read the news in the forum, BTW big thank you to the poster, made the connection and I dumped immediately at 137$.
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So far, most of the sales were 'hidden' coins, that didn't show up in the order book. And right now the bid sum / ask sum ratio points to about 110$, so this is going to be a mother-of-all drops, except after an ATH.
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Ouch! Had my bids at $136.55 after selling $145
Was out shopping and missed my chance to sell high.
Cant log in to gox [error]
Should I be panicking?
OMFG look at bitstamp!
The market would have dropped in about 2 days anyway. So the result of this panic sale may have similar results. A drop to 120$ in 2 stages is possible, so you might be able to sell on the rebound with little loss, and buy back sometime later. BTW, I took a 3% loss on this shit, because I bought at 140$, estimating a small price rise to 144$ till the big drop, so you are not alone.
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If the feds made the connection in 2011, what took them so long to find DPR? Just in case you read my post, I don't do drugs, never did, never will.
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This is turning into a panic sale. I was confused by the start of this shit, when the local money flow should have started to go up, strange sells kept the price going down. Then I read the news on the forum and found out why.
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That would be a nice BTC injection into the market. While it would drive price down a lot, it could increase volumes on the long term.
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The price would have dropped anyway in 2 - 3 days, but the news of SR seems to trigger a small avalanche of coins.
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IMO, considering the current ratio of BTC to fiat on MtGox, 80s for final capitulation is credible. Just like 67$ was at the beginning of July. Capitulation is not defined by a particular value, but by price evolution. If it's going to be at 100$ instead of 80$, will still be capitulation. You may call it partial capitulation if you want to.
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If the current bubble period deflates completely (no new bubble starts after capitulation), then the average price for 2014 could be about 100$, with a slow rise eventually leading to a new ATH (when will it happen, I don't have a clue). If the current bubble period reaches final capitulation around 80$, but a new bubble period forms immediately, with some more fiat injected into exchanges, the average price for 2014 could reach about 200$ (I find this the most probable scenario). The uber-bullish scenarios imply huge amounts of fiat hitting the exchanges, and IMO this won't happen. On the contrary, the big investors may try to suppress (manipulate downwards) the price on the exchanges.
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Did that wall at 141 that I saw when leaving for work get eaten?
Yes it was sold into. But a small recovery is still possible during the next 1 - 2 days, then you might wake up below 129$.
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Yes, let some altcoins be lab rats for Zerocoin, and ONLY if it can be done without a hard fork, add it to Bitcoin.
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During the last 2 days the period of the money flow waves has been of about 10 hours. Right now we are in a local bottom, and the sellers have already dumped, so for the next few hours the drop shouldn't continue. Of course, unless a whale panics and dumps. But in about 10 hours from now the next money wave should reach the bottom.
The drop was a flash in the pan, just like the one on the 15th. But remember that 4 days after the 15th we had the larger drop on the 19th. EW sub-waves appear to last for about 15 days (for now, because the period depends on amplitude and probably on volume too). So if the market follows the EW theory, we should see another drop on the 4th October (maybe the 5th if volume stays low). The big question is how large will that drop be, a limited one like on the 19th September (which would just bring us back to ~132$), or a big one.
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During the last 2 days the period of the money flow waves has been of about 10 hours. Right now we are in a local bottom, and the sellers have already dumped, so for the next few hours the drop shouldn't continue. Of course, unless a whale panics and dumps. But in about 10 hours from now the next money wave should reach the bottom.
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A drop is highly probable, but I doubt it will be a large one (larger than 8$) today. The timing would be wrong IMO. If however a large drop happens today or tomorrow, I'll have to reconsider my analysis of the last month.
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Let's say between 120$ and 140$, and I mean oscillations, so average 130$. But if more $ leave the bid side, it could be lower (like if MtGox really resumes withdrawals). At the end of the month, I just don't know, it depends where we'll be.
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A couple of hours ago a small whale placed buy orders around 135$. There is data to support a small (for now) upcoming drop.
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This poll is flawed IMO, because the market can change a lot within a month. I can't vote just bearish or just bullish. I am probably going to be first bearish, then bullish, then bearish again, then bullish again, and eventually bearish. But I'm not sure if this will fit into one month, my final bearish mode will activate when capitulation starts, and this might reach into November.
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Shroomskit, you have been on my ignore list for quite a while, but I happened to browse the forum without logging in. Just keep me on your ignore list, and remember that that not all people have to be clueless like you.
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People should stop thinking that there are only 41k BTC on Gox. Just 3 days ago there were 55k BTC on the ask side and IMO the 'missing' 14k BTC are still on Gox, waiting to be dumped at the right price. You'll see them again, probably within a week (some of them sooner), together with their offspring.
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weekly Report is Out to Subscribers:
Big volatility!
So far, the opposite of volatility, we have a steady uptrend. Can we have a nice dump, to induce some volatility?
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