Anyone able to load Bitfinex.com ?
Works for me. Its loading now, but during the dumps it went kaput. On another note, LTC is holding like a man! ltc always holds, the dump always comes later. usually yes, but then again, usually the ltc/btc being sideways or slightly down while btc crashes, but now ltc/btc is on their own uptrend, the situation is rare It's becuase the LTC rally is event-based (btcchina, huobi) oh, I can assure you that it is more than that, I bought my first Litecoins at $0.17 look how much they made me today  and I am not selling yet, $100 till the end of this year seems very possible http://www.mmitech.info/?p=63Absent further developments, $50 seems like a good LTC sell point.... within the next 4-6 months.... Now on the other hand, LTC will probably tag along with BTC, once BTC starts to skyrocket.. so you may be correct about the $100 by the end of the year being greatly possible... but that $100 plus would likely only come about b/c BTC is going over $1500 or so at the same time..so an investor would likely NOT be better off in LTC rather than BTC.. even though in the short run.. next 2-3 months, there may be spurts in which it is better to be in LTC.. I do NOT claim to be any kind of expert.. just going based on the fact that LTC does NOT really add much of anything to BTC.. .and there are a lot of LTC replacements.. but there are NOT really any feasible BTC replacements.. at least NOT at the moment. |
|
|
|
Looks like that 2k dip was a try to force panic sell but it ain't work ^^
We will see, as I stupidly bought at 685 I have to hodl through this.
We are at the same buy-in price point..... I am NOT too worried - even though I was expecting to be in the $750 to $850 price range about now-ish.... It is just a matter of time before we are back in the black.... anywhere between a day and 2 months... - hopefully, it will NOT take 2 months to get back in the black, though....  |
|
|
|
It's obvious that the better posters that were here have flocked somewhere else. Hard on the eyes these days.
Yes.... with 12 posts, you speak with the authority of posting experience  . |
|
|
|
To be honest the only thing that can collapse the price IMO are the week hands, (non believers) stolen Bitcoin and whales redistributing/ facilitating future wealth growth, and I think a lot of coins @ the new order of magnetude have already been flushed.
The big question for me is "what really happened to the Gox coins." I'm working on the hypothesis that the coins were stolen along time ago and have already been absorbed by the market. If this is true, I can't see us dipping very deep and in fact think this is quite bullish medium term. On the other hand, if a thief really has 750,000 BTC, I could imagine considerable selling pressure for some time. The first part of your theme seems possible........... but likely NOT complete b/c in my thinking it would take considerable time for 750k btc to be absorbed completely into the market. The second alternative seems even less possible b/c it seems very unlikely (though possible) that the stealing would have ONLY been by one thief. |
|
|
|
That was nice dump.  caught me by complete surprise, i didn't think the first small move down to $620 was significant at all  Did you put your money where your mouth is? |
|
|
|
it is not a "SIGNIFICANT MOVE" as far as bitcoin price action is concerned, but it carries information in the short-term.
Exactly. Earlier today when I posted a chart illustrating the support breach this morning and lack of pressure to fuel a strong bounce, I was told I was over-analyzing. And I thought, do people around here wait for a sell-off to conclude that the price might go down? I'm trying to close or accumulate position before that occurs.... yeah it seems many traders around here don't understand the idea of keeping ahead of the market. chasing the market is more obvious, but obviously less profitable it also doesn't require empirical methods of constructing a workable signalling theory like the one i outlined in my last post. but then again, many traders here don't even "believe in" TA at all  Why does it even matter if some traders have different points of view than you. So What...? Not everyone here is a day trader, and sometimes BTC movements take place based on factors other than trend lines. Surely, if I am fairly confident that a certain movement is going to take place, then I will act based on that confidence. One of the problems with bitcoin; however, is that one or two whales can change the direction - and especially catch the less experienced "traders" off guard (to the extent that some of us are still engaging in trading, in spite of proclamations to the contrary). |
|
|
|
This is actually the worst order book (ratio) I have ever seen in Bitcoin. All of the gox orderbooks in apr-jul 2013 even at their worst looked better than this.
Are investors losing their passion or just keeping their money off the books.... b/c there could still be big investors planning to come into the bitcoin space, but NOT showing their cards at the moment... no? |
|
|
|
So, if loss of bid depth on both sides is dramatically measurable, that likely translates to a short-term loss of interest in BTC and likely downward trends....
I say it means hoarding has really begun. a WILD CONJECTURE has appeared! pretty sure it was just traders shifting the position of their orders in response to the first significant price action in almost a week. i forgot how far you guys in this thread will extrapolate and exaggerate any innocent data... I would NOT describe a $5 to $10 downward trickling movement as a "significant price action." then you have something to learn about price movement. not only is a $15 movement in a 6-hour period the largest range we have seen in about a week, the volume associated with the movement is the largest we've seen in that same time frame. this makes it significant in magnitude if only in comparison to the watching-paint-dry-caliber price behavior this past week. it is also significant in that it may herald a steady increase in volatility from here on out after that painfully quiet consolidation. Looks like you are turning out to be correct; however, at the time that I wrote, the movement was only in its budding stages. Also, I do NOT claim to be any expert, so I remain curious why you felt it necessary to engage in patronizing... Anyhow, thanks for the fairly detailed response... |
|
|
|
So, if loss of bid depth on both sides is dramatically measurable, that likely translates to a short-term loss of interest in BTC and likely downward trends....
I say it means hoarding has really begun. Trading and hoarding are two different concepts.... .. ... ... YET I take it that a fair translation,in the trading, scenario would be that hoarding is HODLING....... which means... I am NOT giving up my coins until the price goes up....  not to scare you, but what if the price never goes back up? it's certainly a possibility that you must consider. YES>>>>>> I believe that the bears have reminded readers of this thread sufficiently that we readers CANNOT for get about that NOT GOING UP possibility...... so yes, I have considered that possibility, and I am NOT too SCARED !!!!!!!!!!, yet. |
|
|
|
So, if loss of bid depth on both sides is dramatically measurable, that likely translates to a short-term loss of interest in BTC and likely downward trends....
I say it means hoarding has really begun. a WILD CONJECTURE has appeared! pretty sure it was just traders shifting the position of their orders in response to the first significant price action in almost a week. i forgot how far you guys in this thread will extrapolate and exaggerate any innocent data... I would NOT describe a $5 to $10 downward trickling movement as a "significant price action." |
|
|
|
So, if loss of bid depth on both sides is dramatically measurable, that likely translates to a short-term loss of interest in BTC and likely downward trends....
I say it means hoarding has really begun. Trading and hoarding are two different concepts.... .. ... ... YET I take it that a fair translation,in the trading, scenario would be that hoarding is HODLING....... which means... I am NOT giving up my coins until the price goes up.... |
|
|
|
Isn't this sort of good news? After all, doesn't this imply that at least some of the lost Mt. Gox money is going to be returned?
Personally, I believe that it does NOT imply any return of coin, but it does allow the users to verify balances and to be on NOTICE regarding the amount that GOX shows in their account.. so if the customer wants to dispute the GOX amount then, they have to raise those kinds of concerns. Probably, it also will take away some concerns that people have to rectify their records with GOX... There is some value in this for GOX to clarify these amounts to the public, but it does NOT imply that the customers will get anything more than 0% in respect to those amounts. |
|
|
|
Phew, my 0.00340434 BTC are still there.
Yeah.. I bet you were losing a lot of sleep regarding that stash. |
|
|
|
https://www.mtgox.com/Important announcement to all users confirming their account
This balance confirmation service is provided on this site only for the convenience of all users.
Please be aware that confirming the balance on this site does not constitute a filing of rehabilitation claims under the civil rehabilitation procedure and note that the balance amounts shown on this site should also not be considered an acknowledgment by MtGox Co., Ltd. of the amount of any rehabilitation claims of users.
Rehabilitation claims under a civil rehabilitation procedure become confirmed from a filing which is followed by an investigation procedure. The method for filing claims will be published on this site as soon as we will be in situation to announce it. Finally, they are making some sense b/c someone other than MK is drafting the communications (even though it happens to be lawyer-talk)... |
|
|
|
rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility? I don't see any meaningful changes regarding the order book walls. I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts  courtesy of bitcoinity Sorry but hes right, the order book is looking terrible. Bid depth was 9.2k to 600 and ask 7.7k to 700 -- <4 days ago Now: Bid depth only 4.6k, 50% reduction, and ask depth to 9.6k. So, if loss of bid depth on both sides is dramatically measurable, that likely translates to a short-term loss of interest in BTC and likely downward trends.... unless some big-ass whale comes in to cause some upward drama.... or unless some kind of big and meaningful news drops upon us. We cannot really bet on any of this b/c this information is NOT really solid, but I suppose that there may be a bit of signalling among whales in order to attempt to continue to keep BTC prices down and to slowly accumulate cheap coins.... ... and maybe we could get a month of this kind of slow downward movement... Nonetheless, I am a little worried to bet upon it... so likely I am going to hang onto what BTC i have and keep DCA buying...... I am more likely to buy a little bit in the next day or so... ...b/c we are kind of floating in this same ... $620 to $640... territory. |
|
|
|
rapid loss of depth on both the bid and ask side from the bitstamp orderbook in the past hour.... what's going on traders finally moving orders that had been parked since the beginning of the painfully low volatility? I don't see any meaningful changes regarding the order book walls. I see 6,000 bitcoins on each side of the order book (at least for the next $60 in each direction)..... pretty much unchanged from previous order book wall amounts |
|
|
|
Litecoin about to cross 0.0283 BTC per LTC at BTC-e?
Litecoin to meet Bitcoin at 135 USD?
there X4 more litecoin then bitcoin (...) True, but there are also X4 more chinese than americans. I would expect the chinese to jump ship from bitcoin to litecoin quite soon. That makes NO sense.... but then... sometimes the market makes no sense, either.  |
|
|
|
I'm probably wrong, but I'm smelling a choo choo up to 656 within the next 24hrs....... Based on the new triangulation of the trendlines. I'm most likely wrong on this though.
What an air of confidence!!!! |
|
|
|
Could we make the polls a little bit more serious ?
That is, leave "yes", "no" and "idk" but remove the moronic all caps options ?
i think those options weed out the not so serious voters trolls can't help but hit the troll options, which give more meaningful results to the yes,no,idk option. its a troll trap and it works, when i'm not sure, and i feel like trolling the poll i hit buy buy buy. Aside from your reasoning, it is your fucking poll. Do what you want. So many nannies want to control other people in this world. If solarflare wants a poll with his 3 serious options, solarflare can go make his own fucking poll elsewhere. It is too bad that poll results were NOT posted into the thread.... maybe we could get chart buddy to work on it, since s/he does NOT seem to be too busy these days, with such stable BTC prices... |
|
|
|
OK.... I will, in part, take back what I said... I meant to suggest big ticket items and the ability to remain somewhat untargeted. Through a site, such as bitpremier, it does seem possible to liquidate some coins through a site... and it does seem possible to stay somewhat anonymous... However, if bitpremier is engaging in know your customer practices (and I base that on its various affiliates), then it may NOT be easy to relieve oneself of ill-acquired bitcoins... From what I can see, I would NOT feel very confident going through bitpremier... unless they just put you in contact with each other... and say, go at it on the side.... harder for any service to make money, if they let parties engage in their own interaction(s).... Craigslist seems to do o.k. by letting parties engage in their own interactions... |
|
|
|
|
Show Posts
