Is that a train on gox?

It is looking like the lower route ( in my picture above) will be taken. The triangle seems like it will be breaking downwards. The mini rally a couple days ago has died off and price action has been very weak. There is not enough momentum to avoid a 3-day ema cross and this will break it down even if it has not done so already.

This break down of the green trend will be very panicky and scary as the trend was re-established back in November and has not been broken since, supporting many crashes.

This is exactly what I was talking about in my other thread "the irony of a decentralized currency with a development team" but they don't get it and insist that "open source" keeps everything in check. Well the fact is that open source is irrelevant to the structure of the people who are in control on a minute-to-minute basis. The hard fork being pushed in a matter of hours proves this. There isn't enough time for a big open source community review of the code and nobody has time to do a full audit of the code in an hour. There are people, in control.

How is it that this one douchebag has controlled the entire btc market for years. btc is supposed to be decentralized.

I cannot believe stamp is just following gox like this. This is pissing me off. I thought this was over.

think about why these people left coins/funds on mtgox to begin with. it was for trading. not long term investing.

250% profit on a trade is really good in my book. There are plenty of people who gladly close that trade or at least take profit rather than engaging in speculating on further rises. You forget that the majority of people who trade bitcoin are traders, speculators, and gamblers - not long term bulls.

The actual "bottoms" are only hit for a matter of days. It is the level 50% above the bottom that becomes "stable" sometimes. But I don't call that the "bottom" anymore.

It may be less than several months, but a few weeks is very optimistic - there are too many resistance levels and emas on the charts to reverse before we can get to that.

If the btc project succeeds and continues to grow, $1000 will be seen eventually. My guess is in several months.

I see that in november, 2 was touched twice, briefly for 1-3 days, and there was a range of trading between 2.5 and 3.5 that lasted for 2 months before shooting back up.

In July 2013, it touched the 66 area for 3 days before shooting up to 100, and beginning a gradual incline. 1 month was spent between the 90 and 110 area.

None of this sounds like 'stability'.

The only time btc was ever really stable was when it was at $5 for 3 months.

btc doesn't stabilize on a low. it bounces off of a low and then stabilizes at higher level.

market is following gox today more than usual suddenly. yesterday it was very calm $10 swings. and now all the sudden $80 swings. especially btce which fell all the way to 550. what a bunch of fucking idiot trolls.

my thought is gox has no btc or is defaulting. i think this because i once saw a youtube video on how to steal btc from mtgox, so imagine how many people have stolen now. combine this with whatever the government has taken from them (both fiat and btc) also in their investigations. plus the coinlab lawsuit.

tick tock tick tock. 3 day ema going down soon.  i guess this wasn't the recovery after all.

Is it time for Loaded to fly to Japan?

There can't just be this medium-high volume support on a single day; it has to persist over multiple days.

Not just today; look at Saturday's bar: 21k.

Well I think one thing has become clear here, Bitstamp has certainly not bottomed out into a rally. For one, look how low the volume has been.

Maybe the market finally reaches bottom at $400 after gox has reached $0. I was confused, back when I thought gox had bottomed at $300, how the market would have another leg down if gox was on its way up. But now I realize gox is headed towards $0 so it makes more sense now.