Easy:

1) A whale wanted in with no slippage (huge bid wall)

2) Eventually another whale who wanted to take a large, no-slippage profit seized the opportunity

3) The market overreacted to the whale mating as expected (whales prefer to mate with no slippage)

So, anyone wants to guess where we'll stop?

No... 1447 BTC sold (to $127), then the 8k wall vanished.

I'm very skeptical about these so called liquidity problems. Bitcoin was designed for this kind of 'attack'. Besides, there were legitimate reasons for those closes, such as failure to register with proper documentation.

Such as MTGox takes up 3 quarters of the trade volume right now, all we need is two surviving exchanges and we would not see much, if any effect.

As for the bearish trend, we appear to be near a bottoming out point on the overall increasing trend. If we see any price drop under 125 at all, I'm going to buy bitcoins by the hundreds.

Probably USD, as most debts are in this currency.

Brilliantly explained here by Cypherdoc: Gold: I smell a trap.

OK Fundamentalists - riddle me this one:

https://blockchain.info/charts/my-wallet-n-users?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

https://blockchain.info/charts/my-wallet-n-tx?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Two related pieces of fundamental data seemingly at variance. Any suggestions why?

Why are you not placing bad news on the list? If price falls I'm looking for information why and nothing is on your list (it makes me suspicious that it's biased and not trustworthy because of that).

coinseeker is just another greedy socialist ... he probably wants to make money on bitcoin so he can escape taxes

Bearish price indicator: (You may want to dig deeper to get actual statistical data)

As Ripple gains wider acceptance and usage, it will increase the M2 monetary base of bitcoins (that is, M1 is what is on the blockchain, M2 is M1 + all credit accounts denominated in bitcoins (Not sure if I am using the right M#s, somebody could check that?)), the rising money supply will decrease the price.

It's not just the lack of bearish fundamentals, it's the very bullish spin on the fundamentals that are shown.

Thing is, much as I approve of balanced evidence, I'm not sure I'd want you to change it because I'm a bull and your list is awesome.

Maybe a bear could volunteer to do a bearish version, and this could be the Bull's fundamental analysis thread? It's much easier to get two opposing biased views to compare against each-other than one unbiased view.

I'm really tired of people confusing IOUs with value.

With cryptocurrency, you can move the Value online, but with fiat currencies, all OT and ripple can move is an IOU for that currency/commodity, and then you've created a central point of failure as people collect their IOUs.

A cryptocurrency P2P exchange we can make right now; overcoming the value problem is the only problem we're stuck on.

To save time, I've summed up the process (with pics!) and streamlined the criteria for a real P2P distributed exchange here: https://bitcointalk.org/index.php?topic=212841.0

I have to chime in and say on the contrary, lucif is helping me stay rational for one...

I don't agree with you.  I believe that people overstate their ability to see the "effects" of developments in markets.  Having Bloomberg and CNBC on the trade floor makes you pretty skeptical of "cause and effect" in the markets.  "Markets are down 2% today on fears of Europe".  Really?  The reporters know the collective reason why hundreds of thousands of individuals bought and sold?  Even better is when the market ends the day positive following a loss: "Markets are up 1% today on European optimism".  Nonsense.  I've even seen the Bloomberg terminal spit two news articles in the same day telling me why the markets moved up and down, each just a rephrasing of the same news.  It's human tendency to assign a cause to something and when it comes to trying to say why trillions of dollars and hundreds of thousands of people collectively behaved a particular way is just silly.  It's human arrogance at its finest: "I know why it happened, I am smart and in control."

The OP has a strongly bullish bias. Is this intentional?

Hi Ben,

We got further information from our carrier confirming that business such as bitcoin is not a proper financial tool in China and the Authority may treat bitcoin as an illegal business. Unfortunately the China Telecom Authority has requested that all bit-coin traffic to China be blocked.
 

Which indicators?  How often do they move the price?  What is stability?  How do you know that infrastructure drove the price up 1000%?  If you don't have a ready answer with hard numbers to these questions then you are relying on unsubstantiated speculation.

As discussed in this thread, professional-grade technical analysis creates, tests, and trades a set of technical rules.  Professional-grade fundamental analysis is no different.  If you want to talk about serious fundamental analysis, you have to quantify and test it as well.  At its core, fundamental analysis is about the study of supply and demand and the majority of market participants fail to do just that...study supply and demand.

Here's some examples of a good place to start with legitimate fundamental analysis:

- "Demand for the commodity is 10% above the 1-year average and supply is 5% below the 1-year average - historically, this leads to price increasing by an average of 20% over the next week 70% of the time"

- "Imports are down 15% year over year while harvests are up 15% over the same time period - historically, this leads to price decreasing by an average of 15% over the next month 65% of the time"

- "Money managers added to their long positions by 10% while supply has dropped by 20% - historically, this leads to price increasing by an average of 15% over the next year 85% of the time"

Can't you see how there is a distinct difference between the nonsense spread on this forum and the above examples?  This is fact telling rather than story telling.  In each of the above, supply, demand, and the price response have been fully quantified and measured.  Not only has the method been backtested, but it also makes intuitive sense.  If you want to make money from trading fundamental analysis, you have to tell facts, not stories.  

Your post should have read "these indicators do in story move price..."



Are you sure?  Can you prove this?  How sure are you that it isn't me and some of my trading partners systematically extracting profits from the market?  You cannot prove it and it is very bold to say "the reason" for anything.  Above all, traders must remain skeptical and objective - not engaged in story telling.

This is precisely why I caution everyone against asking "why".  It's a deadly question and breeds a false understanding.  Unless you are a major player in the market, you truly have no idea why something happened.  I'm not paid to know why something happened, I'm paid to make money.

I'm surprised no one has challenged me on this comment yet.

This means that all of the "China is coming online...BUY", "Gold is down...BTC UP!", "The fair value of BTC is X" threads are absolutely worthless.  It's pure unsubstantiated speculation which deludes and confuses the participants.  If you are relying on Chinese buying, flight from gold, or a magic "fair value" to emerge, you are simply investing.  You have no science, no method, and no plan.  You're holding onto hope and hope is one of worst enemies of the objective trader.