According to the chart at blockchained, we should already be at 98-99, but we are not there yet. Well, maybe in the next hours...
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IMO it's unlikely to see 100 today on MtGox, because it would take another 10k BTC whale buy, and we already had one today. The whale can wait to buy at 97-98 tomorrow, or maybe price will drop a bit during the weekend, and then we'll see 100.
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I'm the only one who keeps get disconnected from mtgox?
No you are not the only one, this is annoying, 15 extra seconds for password and Yubikey could make me lose an opportunity.
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Some people believed that 97 was a good price to sell at. Maybe they were right, but if the current trend continues, we might see 100 in 3 days.
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The buying whale again, as expected, I managed to buy 95% of my target before he placed his order. But he's not willing to pay more than 97, at least for now.
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How about it drops 20% then rises 40%, if one still had the $ on MtGox one could buy low and sell high, for a cool ~60% profit. If I would miss such an opportunity, I would feel quite depressed for a while.
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IMO the arbitrageurs that bought BTC on Bitstamp and sold on MtGox still have most of their $ on MtGox. If they would transfer the $ to Bitstamp they would be in limbo for about a month or more, and BTC could go up 20% in this time. At some point the arbitrageurs run out of $ to buy on Bitstamp, just like the BTC buying whale probably runs out of $ on MtGox.
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MtGox appears to be under severe DDoS attack, the trade engine lag is 5 minutes now. Or something happened to their servers. Make that 11 minutes, then back to normal.
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I agree that the US government can strongarm MtGox (Japan) and Bitstamp (UK), because those countries are close allies and may comply with US demands. About BTC-E, I'm not sure what the US government can do, maybe hire some rackets to put a bomb in their server room (just a hypothesis)?
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No chance in hell to hit 25$ soon. Maybe when BTC is going to be 500$.
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You are mistaken, Bitstamp only has to abide by the laws of the country it is registered in. Which is UK for Bitstamp itself, but Slovenia for their bank. It's the US citizens that also have to abide by those laws when doing business with Bitstamp.
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The last large buy on MtGox was about 8k IIRC, dumping this on Bitstamp would drive the price down to 60, which is insane for just one day. And the dumps on Bitstamp started before this last large buy on MtGox. Something does not make sense.
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The market would be flat or even slumping down if it weren't for the buying whale on MtGox, who apparently dumps on Bistamp. If the whale makes another move today, we might see 100, if not the price will drop back to 94-95.
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Nope, it looks like a bull trap to me. Small spike to (maybe) 95, then a massive drop to 70 or lower.
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The only question is if the buying whale will place another order at 91.6 (or close) after his current order gets exhausted. For now his order is a great opportunity to dump your BTC if you feel bearish. After this, the price may slowly decline.
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That's the buying whale, he's willing to buy at 91.6 but does not want to move the price up. That's because he wants to buy more at 90-ish. So he waits for a selling whale to meet his price.
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If someone really wants to buy lots of BTC before a certain financial crysis hits (Portugal, Ireland, whatever), then it might be possible we'll see a pump-up to 95-100, but not more, because the sellers are desperate to unload their BTC above 100. OTOH if we look at past charts, it seems likely to have a major drop from 90 to 75, then a small rebound to 80, and another drop to 65-70, where the buying intentions are still very strong (for now). This major drop may happen even after a pump-up to 95-100, if the expected financial crysis doesn't become news. Because then we might see BTC up to 200+. This suspense is starting to annoy me...
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No it wouldn't, boiling point is much higher than melting point. And the crew would be ashes long before that.
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The drop has started, but has not gained momentum yet. All it takes is someone to dump 2k at the 88 wall, and then down we go.
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The bears know it's going to drop, but don't want to spread the word to everybody. The bulls are in denial, or have secretly turned to bears.
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