Umm.. I dont think we will enter another bubble in 4 months.. where is that option?  |
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100% functional for me, and trades are going thru.
Cant believe there are only 79k asks.
Its kind of like when the bid/ask sum falls super low, its hard to imagine an end to the fall. But it always has to end. Cant wait to see what kind of showdown this will end with.
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You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
Did it occur to you you made ridiculous claims and were wrong 3 times in a row. How the hell is it possible you completely ignore this and just go on with your claims while its clear you know absolute shit all? How does one do that? Don't you feel even a little bit stupid? Is there nothing inside you that says maybe i should stop acting like i know what Bitcoin will do because i don't? Don't you have any shame whatsoever? i don't want to take side in whatever you two have going on. but everytime Blitz is posting i expect a quote from you just because i got used to it. the hero member status is by no means a badge for complete reliability, but it's good to see the perspective of people that are around this place for such a long time. When I read through your post history with the ongoing fixation on Blitz and take the time in consideration you registered here...  after all this is a speculation thread so you don't have to take every word with a grain of salt. He is a moderator. Which is crazy. He has no place on this forum as mod. What, did you lose money because you blindly followed a bitcoin forum moderators market forecast? Yes, he is wrong most of the time.. but, I mean, its not like hes doing anything wrong in the SPECULATION subforum. |
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IMO due to the discrepancy between the bid sum and ask sum, we should be already knocking at the 105 wall.
We are probably not there yet because there's still strong seller resistance above 102. Maybe tomorrow.
Its odd that the price is moving up so slowly. I guess this is a bit like falling thru the 90 wall on the way down to 65. Huge chunk of bids on orderbook eaten, price barely moved. Then all hell broke loose. |
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If during the next days the whale buyer (who seems to be resting today) will buy another 50k BTC up to 120$ (that's 28k + resistance),
the BTC for sale (in orders at least) on MtGox will drop below 40k, similar to the April bubble spike.
Math fail? 89k-28k=61k "resistance" obviously does not reduce coins on orderbook. |
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Im scared to be in fiat right now  lol Every time 96 wall gets nibbled on, it gets reinforced. |
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How does this happen? Edit: check the numbers  someone placing a sell order at a price lower then the last order that went through, I would guess Wouldn't the sell # reflect that? You arent making sense. Someone market ordered to 96. Someone else placed an ask shortly after for 95.5 No other orders had taken place. Lowest ask: 95.5 Current price: 96 Very simple. |
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Nothing magic about the $100 number. Like a sordid old hooker, it's already been hit more times than I can remember.
Holding $110 and breaching $115 is more important in my mind.
Anyway, if forced to vote, I'll choose that we break $100 in the next couple of days. Price is depressed. Decline last week was rash and unconvincing, and purely due to the Gox problems making price discovery difficult. I imagine there are lots of people sitting out on the sidelines waiting for the right time to buy. Bears can basically be ignored -- if you believe their screams, they haven't held BTC to sell for months now.
rather, the rally from $65 to just above $100 was unconvincing...and criticizing bears? the price has gone up from $13 in January 2013 and now is around $90...how much appreciation in price is realistic without a slide down? what fundamental factors have change..the bubble was built on hype and speculation... Huh? We did slide down -- that's right. From $260 to $65. Bears were right. Are they right now though? That's the question! And on the contrary, volume was strong on $65 to $106. $100 to $90? Not so much. The volume to 65, back to 100, and back to 90 has all been strong... I've no idea where we are heading, but I figured I would just point that out. |
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Holy fckin bidwall. Is there any site that shows depth changes over time? I missed how big it was - well over 5k, guess it was a whale call? FYI its gone now, I saw it on tradingfloor graph and by the time I checked the actual bids it was pulled...
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nice little buy
Little? >5k  1.5k, how is it supposed to be 5k if volume during past 20 min is less than 2k?  |
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nice little buy
Little? >5k |
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Gap between gox and bitstamp now about 10$
Gap should be measured in percentage %. $10 now and around $50 is a different thing. Yes you´re right. 10% now. What was the largest gap we´ve seen ? ~90 vs ~110 |
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Having money at MtGox I'm as worried as much as the last time this came up, not at all. The only annoying thing is that we're going to have to wait for SOME sort of withdrawal method to work for an impulsive downward move to occur. We're basically trapped in limbo where we can't go meaningfully up or down, and this applies to all exchanges. BTW, do you know if Bitstamp worked with LR at some point? It seems that Citibank is using that excuse to bounce Gox's wires.
No clue. That's interesting to hear, can you point me to such reports? Are there any other such banks that we know of that block all MtGox transfers? Perhaps Gox is cooperating with (or being coerced by) the buy whale. Maybe Gox IS the whale  |
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Bitcoin grows on reducing its use.. yeah, seems legit. The more people horde, the more bitcoin goes up. This is a speculative market, so hording is a good thing, until adoption speeds up. (In which case we can expect another bubble, which may not be too far off.) Or people will just buy altcoins and not pay exorbitant prices for the same thing? It isnt a good thing to have hording. Yes, $100 is $100, no matter if bitcoin is 1c or 10,000, but its room for growth is much different. Since all these coins are speculation & drugs, thats half of the battle. And "weak hands" exiting the market are the people who might actually do economic activity with bitcoin, which is what will really cause growth. Bitcoin grows on reducing its use.. yeah, seems legit. The more people horde, the more bitcoin goes up. This is a speculative market, so hording is a good thing, until adoption speeds up. (In which case we can expect another bubble.) Bitcoin in the hands of more people is what will grow its ecosystem. Truth. |
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Bitcoin grows on reducing its use.. yeah, seems legit. |
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Stupid poll is stupid. Bitcoin has hit or gone above 100 six times in the past 7 days.
Is it possible it wont again? Sure. But the odds are basically 0. Silver going over 100 will take a long time.
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Why do you keep saying XBT when almost everyone uses BTC?
XBT, BTC, Ƀ, these are all the same thing and you should understand them. The one that gets used most, will win in every day life. Yeah, honestly, I think it's pretty clear which one is used the most, so having all kinds of alternatives only helps to confuse newcomers. And bitcoin is confusing enough already if you are new to it... To be honest, I thought XBT was Ripple until now  |
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Someone is having fun flashing 500BTC at $97.5
peanuts... The whales are probably laughing at his "call". |
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Our friendly whales are still increasing bids. At least 15k of the 50k bids to 70 are them.
Wonder if they are real. No one really tested them since they began to push us up... and if they had, the whale would have been DAMN happy to get those cheap coins.
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