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oh my god what did I just tell you guys earlier. A little bit of green and all the sudden there are pictures of trains on the board.
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Dafuq is going on at stamp? Chill out.
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It's doing 200btc of volume per day...
No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only. My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins. how much of this is made by bots? Who knows. But at 200 coins of volume per day, it would take approximately 180 years to move all of the bitcoins. Localbitcoins can't possibly set the price. And if someone wants to transact any significant amount of bitcoins they can't. It's too thin, too risky, and the liquidity isn't there. The prices there are the price of convenience and desperation. |
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It's time for loaded to take a trip to Japan with one of his briefcases, meet personally with the staff, deposit the money to his account, buy up all the bitcoins, and have the staff send him his btc personally using a functioning bitcoin client. With a nice fee to tip off the staff.
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It's doing 200btc of volume per day...
No problem. Everyone who wants to trade real coins is able to do it here. The trades at gox and stamp are IOU-trades only. My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins. |
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It's doing 200btc of volume per day...
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I'm thinking of buying a nice bunch of coins but dont know if I dare to transfer FIAT to Gox? Or should I go with Stamp?
If Gox fixes their BTC withdrawals problem before they fix their fiat withdrawal problems, the price there will go vertical, but I doubt you would be able to get your money there to trade before this happens. Even if it does, your fiat profits would be trapped for however long it takes to get it out, possibly forever. Try to get your money to whichever exchange will let you buy before this transaction malleability problem gets fixed. I'm guessing you don't have much time. I would suggest longing gox w/ leverage  That's a bad idea. The order books are very thin and one big move by another trader or bot could have you liquidated. Long might be a good idea but not with leverage. |
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Obviously the price on mtgox will go this way ^ and the spread will reduce. Also some bots might bring the price up on other exchanges. However, ultimately I think the price on other exchanges should end up even lower since there will be more coins flooding the market as everyone withdraws from gox.
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The real issue here is we don't trust any of our major exchanges now.
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The exchanges can only follow mtgox for so long, with the gap widening like this, before mtgox reaches 0 and there is nowhere left for it to go.
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What worries me here is this has all been a consistent 4 hour downtrend. 4 hour charts have never crossed up. Usually during these bear markets there are two 4 hour downtrends with one 4 hour uptrend inbetween during a 2 week consolidation period. But so far it has been just one big 4 hour downtrend. This may lead me to believe that we are still only in the first half of the bear market, and the next bounce with a 4 hour uptrend will be a bulltrap.
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There has been someone buying 1000btc at a time on bitstamp and bitfinex at every hour during this entire downtrend.
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Here is trend 1 on mtgox to show more history of why it might be a valid trend.  |
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  Two parallel logarithmic trends and one linear trend. I guess if Trend 3 holds, then Trend 2 also holds. So the question is whether or not we are looking at Trend 1. Trend 1 would put a buy target around $300, or possible higher depending on how long it takes to hit. |
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I have never ignored a single user.
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Well, i told you guys 3 weeks ago that all buy walls are fake. There is nothing left out there that could save the inevitable downard spiral of Bitcoin down to the deepest tracts of hell.  The walls are not fake. I'm seeing them getting executed. The problem is that sell pressure is larger. |
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as long as, in the long run we can laugh at the pessimists, everything is fine. those guys are trying to tell us that bitcoin with its 11166.67% performance in the last 24 months is a bad investment. that is a hard standing.  How is this a good thing? It sounds overbought to me... |
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OMG UPWARD TREND BUYB UYBUY BUBUYBU VUBYBUY BU YBHUYBUY
confirmed with 5 minute charts. |
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