pushing 10.5 holy balls, if you just put in at 8 you made it
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60 seconds later: back to 9.5
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Seller volume has just been halved
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Apparently right now, buyer volume has exploded, orders for 25,000 BTC are in mtgox and only 5,000 btc selling
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Someone just dumped another 5k
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I don't think so, something wild just happened. Buyer side volume was huge then 2 minutes later was totally gone, someone made a trade of 20-30k BTC.
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Massive amounts of sales that I don't think are robots, about 30,000 BTC... It must be from an individual? Is this finally the stolen bitcoin we expected to see yesterday?
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Is this the great DJI crash? I doubt it
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Buy buy buy, volumes for buyers at Mtgox are exploding like no one's business.
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Thoughts on where price is headed? I think we may test 10, and maybe even a little lower, before we see a rebound.
Volume buyer side is massively high right now on Mtgox, expect the price to be pushed back up to 11-12 if the current trader volume keeps up. Cavirtex is finally even (and even behind a little), expect CAD prices 9-10 by the end of the day. The best bargain for buyers right now is at Britcoin which is highly devalued and has a huge buyer volume. Britcoin will probably surge back into the 7's by the end of the day. If you're careful about forex trading over the next few days you could probably pull 20-25% as the huge selloff seems to now be over from the trade volume.
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Psychology takes over other players. Yup. Everyone's following the screaming advice of poor bipolar Mr. Market. Seems I hit the end of the day price pretty dead on, but the Mtgox volumes are still looking kind of poor. People have meanwhile been flocking to the Canadian Virtex exchange like nuts to try to profit on the almost 15% lower price of bitcoins there. Britcoin volumes looking particularly unhealthy now; maybe the next major site of forex attack.
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As predicted the canadian market is almost bereft of buyers... Right now the only offers are for 7 bitcoins total at the $10 mark, the rest are $3 or lower
Buyer volume is dead on Mtgox, expect the price to fall further. Britcoin volumes for buyers are also down
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Volumes on Mtgox appear to be pushing the price down to stabilize around 11.5-12$ USD
CAD and GBP markets are getting hammered because the UK and Canada have less faith in BTC, particularly Canada. Buying BTC from Canada and reselling on Mtgox right now should net a healthy 4-8% until the slide at Mtgox stops. Canada buyer volumes are particularly bad right now, expect price to hit $9-10 CAD by the end of the day unless there is a turnaround at Mtgox
Trade volume at Mtgox is heavy, which is good. A small downturn is the inevitable effect of increasing difficulty as users cash out because of reduced profitability, so I would expect price to rise later this week as BTC become more scarce from the greater difficulty and the people who are selling off diminish. DJIA/S&P 500 also hit hard today so speculative investors may also be trying to cut their losses and sell off.
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Here is a picture: http://tinyurl.com/3ppa9n6As you can see there was a large trade volume recently I'm not sure what happened exactly, but usually high trade volumes indicate good things in a market. The timing is really strange, however. In the least this demonstrates the ability of the BTC market to bounce back after large scale runs
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If anyone wants them in the US I can order them and reship them for $170 a piece, but less than that it wouldn't be worth it.
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I got 5850s from NCIX last week too, they came in four days
Are you in the states? If so, WTF, where are my cards? I contacted customer support about this, but no response yet. I know NCIX has a good rep, but my experience with them has been crap so far. I'm in Canada, they shipped the morning after I ordered so idk what is going on with their state side orders. I have always gotten my orders shipped within a few hours during work days.
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Nope, they're a sponsor for overclock.net
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Is there any duty/VAT to be paid from ordering in Canada from the USA(used to be AAA but now just A)?
Vuugo is canadian, the 6.99 shipping is to canada but as far as import tax i have no idea if you mean to the us
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I got 5850s from NCIX last week too, they came in four days
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