Actually, any sane person would recognize that the price is ridiculously oversold right now.
It can't keep going down 2 days straight at this speed without some sort of stop to the chaos. Once Gox is up consistently, fixes their problems and depth starts forming, prepare for a bit more stability.
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One thing I noticed as we went up was that the bid side was getting seriously overextended. 5000 BTC could often push it down $30. There was never over 60k BTC to $100 on the bid side, even when we were at $266, and 100k BTC would push it all the way to $20 at times. I was in denial about this but it was unquestionably happening. It was probably a sign that we would crash.
Now, 60k BTC will push it down to $60, and 100k BTC will push it down to $37. This looks much more sustainable, so it seems like $60 will hold. When we were going up, there was 60k BTC to $60 during the recovery from $52. This support is underscored by the exponential trendline from January.
We are at healthy levels again.
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Actually, any sane person would recognize that the price is ridiculously oversold right now.
It can't keep going down 2 days straight at this speed without some sort of stop to the chaos. Once Gox is up consistently, fixes their problems and depth starts forming, prepare for a bit more stability.
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Where does everyone think the price would be right now if Gox was competent enough to not gox everyone in June '11 and also avoid these "DDoS"/lag issues right now?
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friedcat online, prepared for good news  |
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The building across from my office looks like a nice place to jump. Goodbye world.
just kidding I'm fine
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If you think that because "making charts," "running polls," securing large sums of coins from investors and running an order matching engine are things that cost "roughly nil" in time and money, they shouldn't cost so much, then write your own and undercut everyone. It's a free market.
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almost $100 growth in one rally, amazing
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Heading to $150. Please. It will be $1000 by the 15th. Bump. It seriously does look that we MAY see quadruple digits before June. |
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I just spent an hour and half on the highway stuck in snow, so forgive my repeating of old news....
HOLY CRAP! BIDS HIT 13.5MIL! HOLY CRAP! ASKS AT 35k! HOLY CRAAAAAAAAAAAAAAAAAAAAAAAAP.
Just a while longer and we'll be able to buy a few helicopters. I heard they don't get stuck in snow  |
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Just look at all that bear blood  |
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Don't worry, everyone who missed the boat can get on at the end of the week in the idiotic bear trap that always happens.
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Umm nope that first one only took a month. The second one took until August.
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If you look at China for the last few months, it's really woken up:  |
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Any updates from friedcat on how deployment of the 50 TH is going?
Yeah, spill the beans... damn it...  Unless Bitfountain has gone anonymous on Ozcoin, it ain't there... and user 67117 at BTCguild is back down to 7,068Gh/s... but maybe new deployment is at yet-to-be-named pools. or even solo? It's not mid-April yet, guys. Wait for it patiently. |
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Temporary downturn, it's going over 200 today even if btcchina comes down a little.
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Gox needs to implement small-order fees, I'm tired of .01 sells being able to lag it all the way to 5 minutes.
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These panic sells are the height of stupidity, we will be at $220 today.
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