Yes gox will be at $2K while bitstamp is still $830.
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i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.
This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox.
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This was like a 'crash' up kind of like Friday's 'crash' down. Every movement in any direction is very panicky right now because half of the people expect a moon and half of the people expect a crash. But it's probably still just part of a consolidation and will end up stabilizing around 810 for yet another week.
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Every time the trains come out, it reverses back down.
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Mt.Gox bankruptcy will be the big crash we have all been anticipating, not China. Or mtgox fixes withdrawals, and suddenly 200,000btc appear on the order books, causing the entire market to panic with it.
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I'm writing a futuristic movie about the future. It goes like this:
The year is 2016. All major bitcoin exchanges have suffered government interventions and hacks. Except one. The only one left standing is... Mtgox. Mtgox now offers a working withdrawal solution and everyone has sent their coins there. Trading is going as normal. There is a 5,000btc wall here, a 10,000btc wall there, and massive buys and dumps of 20,000 coins at a time are occurring. The sell side is stocked with 160,000 coins.
Later on, something happens with the business and people start speculating that MtGox is going to die. A btc veteran says "don't worry. I've seen mtgox die many deaths before and come back to life". Most people don't believe him, and don't understand, but other more experienced bitcoiners get an eerie feeling of deja vu and they can't quite put their finger on it.
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The FTC wall got pulled. Here is the latest development on btce: BUY BUY BUY
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I was actually thinking about longs. I don't think the people who drive the market are stupid enough to hold shorts open like that.
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You know what will drive the price up more than the 20% fiat buybacks? The 300% margin positions on top of that.
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feather coin is still around? strange cryptos these whales are targeting, feathercoin i thought went the way of quark, ripple and nxt, into the bin of dead crypto walking.... FTC survives because it is still on btc-e and the owners decided not to de-list it (along with TRC).
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There are now 3 camps here:
1. Hodling 2. Day tarding 3. Fuckign bubble
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Sorry but no. Unless $300 is a wall.
The point is that neither of these are relevant.
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Btc=C2MF
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How about no.
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TERA, the market moves at least twice as slow than in April - May 2013, so IMO it's similar to 29th - 30th April. But back then there was a lot of seller pressure, because so many coins showed up during corrective wave A (down to 50$ twice).
so another leg up again before a final downside move? possibly, but remember you're swimming against a four year logarithmic trendline current of 1000%. and we haven't even hit the bottom elbow of the technology adoption S curve yet. You really want to risk missing the vertical move straight up? I already have enough btc locked away so that if btc goes to all the dreamy estimates that the bulls keep thinking up then I will be a bajillionaire. Meawhile the trading I am doing now with the rest of my btc enhances my short term wealth and protects me in the case that something wrong happens. It is a win win.
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Anyone want to take a guess where the largest bid wall on all of crypto is right now? Is it on mtgox? No. Bitstamp? No. Huobi? No. Is it even on bitcoin? No. It's... This is ridiculous. Who would even trust 3000btc to btce? I would just keep that shit in codl storage.
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Im confused. If "800 is the new 130" then doesn't that mean there is nowhere to go but DOWN? 136 was the TOP in may and 130 was seen on the way to 66.
Also, why engage in the futile effort of trying to predict exactly where a bottom will be in advance and missing coins if you're wrong? Why not just use like a 4 hour macd?
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OMG, it's Saturday and nobody's panicked yet- time to throw around some FUD! Yeah, Gox sucks, but we've known that for a while and it's priced in. What's gonna happen if this correction doesn't come? All you bastards sitting in fiat are gonna scramble for the same coins. First one to break loses the least. Who's it gonna be?
If all the MACDs go up then I buy - simple. There's a very limited potential impact. Certainly not a "loss", since I've sold at $1000 and rebought at $450-$650 and then sold again at $1000 multiple times now. What do you mean by *all* macd's? Not all MACDs sorry. Let me restate this: At this point if 1D and 4H went up on Huobi I would probably give up and by back without waiting for a drop. Now if there IS a drop then I won't use 1D but instead I will use 4H or even 1H depending on the severity of the drop. lol Those other moving averages don't mean nothin, right? When I'm trading altcoins or daytrading bitcoin crashes like Dec 17 then the 15min and 5min are important. But when bitcoin has barely moved for 2 weeks, then they aren't. Less volatility = longer timeframes. oh, so the 100D, 1M- you don't watch these. I see. Like I said less volatility = longer timeframes which means more volatility = shorter timeframes. Bitcoin is extremely volatile a 1D scale which warrants playing 1D at the very least. There is never a time when btc is stable enough to warrant playing a timeframe as big as 100D. Only playing 100D would mean a lot of missed opportunities to easily take advantage of the volatility on smaller scales.
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