I really think people should stop talking about trades roll back at Bitfinex as a possibility.
It happened once, it was justified and it is just not going to happen again. For the absolutely extreme situation there will most likely be trading halt, but no roll backs.
It depends where the margin cascade will stop at. If it will go to double or single digits it will impact their future revenues as liquidity providers get scared away. It's in their best interest to calm them, unlike BTC-e where margin liquidity is provided in-house.. |
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The indicators need to clean up the bull divergence before the market can have a strong sell off. Expect the price to dick around 580-620 for a week.
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[...] and I bet you don't even lift.  |
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i wonder if very rich people care all that much about losing money, i mean its not like they have to worry about having enoght money in the bank at the end of everymonth...
when your worth more then 10Mill do you really care if its 19mill or 15mill Net Worth?
Rich folk like him have people who manage his money and they probably will panic when they are so much in the red. His coins has not moved.
He could have traded his account for more 'private' ones for all we know. |
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What if Tim Draper is panic selling and is the cause of this sell off. |
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Way too many red days in a row, this thing gotta bounce sooner or later.
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But this isn't unprecedented, is it? When I look on that chart, it seems like we haven't seen something like this before, so I just try and figure out what this currently means.
Here's the full data TII on Mt.Gox: https://i.imgur.com/jQ47WXd.jpgTII on Bitstamp: https://i.imgur.com/KPTlhhj.jpgAnyhow, see it more as a ''bear or sideways'' indicator rather than it always predicting bear markets. |
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If that indicator is that accurate, aren't we pretty much screwed then? I mean, it's turning into a bear market, and that pretty aggressively!
There were some false positives in 2012 where the indicator went down, but the market just went sideways. However, most of the time when it goes down this strongly on the daily the market turns bearish for at least a couple of weeks. We'll see. |
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Wow, that's interesting. Care to elaborate on that indicator? Do you think this means we're practically condemned and awaiting the big fall?
It basically analyzes the trend. You can get the source code here: https://www.tradingview.com/v/GhxOzF0z/It's a fairly accurate indicator, it warns of major drops and/or trend reversals coming in advance often on the daily setting. |
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Maybe whoever was behind the bot will just move to another exchange, unless all their bitcoins and money is still trapped on MtGox.
You can't pull off what Willy did with ones own money. Only exchange owners using fake USD and running a fractional reserve could do it. |
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According to the Trend Intensity Index this one is structurally significantly more bearish:  |
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The sell off probably stopped at the 570s because of the 300 day moving average. There's no major MA support below that.
It's extremely rare for bitcoin to trade under the 300 SMA.
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Huobi wants to lure in greedy fools before pulling a Gox on them.
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2014 will be the c-c-c-combo breaker for bitcoin.
Nope, that already happened. After 2011 it took nearly 2 Years for Bitcoin to reach it's last all time high. 2011 was still bullish from the Q1 start (it started in the pennies). The Jan 2012 YTD high was broken in July of that year and overall the year ended in the positive. For 2014 it looks increasingly likely that it may end in the red, which if it were to happen is a first in bitcoin history. |
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Trading physical silver is cumbersome and a waste of time. Do not buy it for trading, only buy it as 'insurance' or 'savings'.
If you want to trade silver (not recommended), just use the ETFs or silver miner shares.
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Both the bitcoin bears and bulls are weak as hell lately, although the bears have time on their side with the bitfinex margin time bomb.
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2014 will be the c-c-c-combo breaker for bitcoin.
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