Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.

It looked like the exact same order sizes and types of orders outbidding eachother in the same way both on the way up and on the way down. 4 orders about 1000K 950K 950K and 700K agressively outbidding eachother in .1ish increments. The bots are malfunctioning again, or maybe gox is testing midas in production?  The same thing happened on June 24. Some bots kept trading up and down between 100 and 110, producing about 100K volume with no effect on the price in the end.  This is just more proof that mtgox numbers are and always have been cooked up by bots and not actual demand for bitcoin. Its not millions of distinct coins that have been bought and are now held at a higher price basis -  its just the same coins switching hands over and over.

I've been trying to withdraw since April. I gave my details again in July, which have benn "under review" since then. My balance in bit floor is now $0, still under review, and I have not received any funds. I emailed support weeks ago and have not received a response.

TA reasons why one might sell: Right now the lower bolly, psar, and ichi cloud are all around $130 on gox and it only takes one 4k btc dump to get there. If that catches on then d1 will quickly cross down too.

Doesn't holding assets on a trust or etf defeat the entire purpose/advantage of having a bit coin investment? Your investment is supposed to be untouchable and on an unbreakable decentralized system where you and only you have access. Using a trust/etc now you're regressing and trusting people on a centralized system and losing all of those advantages. now you're vulnerable to the organization, people, the government, the sec, laws hackers, banksters, and all the bs bit coin is trying to get away from.

You have to do more than just "insert money". Inserting money is simply speculation and will only raise the price until some other speculator or miner sells. To raise bitcoin's REAL value then you need to create a TRUE and CONTINUOUS demand for it by growing the economy and getting more merchants and organizations involved.

Bitcoin's monumental success will be impeded only by a catastrophic failure, such as protocol failure, cipher breakage (likely), complete government criminalization/firewalling, or a highly superior competetion. Therefore, it will either be $0 or $20,000+, and nothing inbetween. Happy trading gentlemen.

$0. In 2025, the underlying ciphers will be broken by then.

Gox proclaimed dead. Funeral to be arranged shortly:

I'll bet you 1000BTC that BTC doesn't go to $0.10 next year, payable in BTC.

That would be some expensive manipulation.

Let's say he's gotten his fee all the way down to 0.25% To trade 2000 coins in both directions:

2 x 2000BTC x .0025 = 10BTC * $125/BTC = $1250.

Both. Each sell should be higher than the previous buy and each buy should be lower than the precious sell, so that fiat value AND coin value are constantly going up together.

Since society still runs on fiat, I find the fiat value of my portfolio to be more significant. However, that is not an excuse to make a terrible short trade, and I would still consider a rebuy higher than a sell to be an act of failure. It effectively reduces the fiat value of the portfolio (or what it could have been) and wastes time and energy.

So is the second horn drawn now?

The walls have moved over to Bitstamp.

I can imagine the meeting for this transaction being like some Mexican cartel drug exchange with assault rifles.

500,000BTC ($58M USD) buy wall added at $115.

Finally! A wall to speak of.

So recently bitcoinity added localbitcoins. (http://bitcoinity.org/markets/localbitcoins/USD) Although the volume is low, the depth on the charts is humongous, making the walls anywhere on any of the other (mtgox/bitstamp) wall threads look like tiny picket fences. For example, there are about 250,000btc of buy orders just in-between $120 and $125. Although the low volume might make these walls less relevant, they are still fun to observe.

Here on this thread we can observe the changes in the localbitcoins order book depth. We can also speculate about how this is relevant to the supply and demand of bitcoin as a whole and how it affects prices.



OK I'll start first. It looks like someone just added a 55,000BTC sell wall at $135. I guess this bearish?