Given the $1 million buy wall at 90, there's no way we're going to 80 mate But I do agree with the second half of your post. Seconded. Without the lag panic, I'm nowhere near as concerned.
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I guess that's what a small sell-off likes look with sub-second lag. Panic! Oh wait.
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$100 seems to be being defended with market orders, nothing much to be gained following the bid/ask walls right now. Who knows how much money this guy has to burn.
Points to thread name. Just, you know, trying to keep us on track
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This. Spass muss sein
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1% variance in the last hour, steady but low volume, 5K wall at $5 above, 5K wall at $5 below. Well this is cosy isn't it? Didn't you hear? $100 is the new $5. Those were the days. I think it would be so great for bitcoin if we could just hold steady for a few months. I don't really even care at what price. That would be nice, but I think that would send the new money to sleep! Back to the mean of 1.8% daily growth would be sustainable yet 'sexy' enough to keep 'em coming
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Has anything fundamentally changed with Bitcoin in the past 72 hours? The last time I checked, MTGox was signing up 20,000+ people a day, and our biggest problem was that people can't get coins fast enough.
72 hours? No. 24 hours: it may be that any panic sell-off is mitigated or even negated due to Mt Gox being ready to halt new trades on a lag spike as they've successfully done several times now. The lower threshold and shorter periods of this allow only a limited amount of reaction to the lag and imminent panic sell-off. This is the single biggest reason I am bullish for the next few days and am holding coins and no cash.
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That would be nice but there's no way I'd say "This news is worth X" as the media love to report. Let's just say: a positive impact
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Today's: Low $95 High $105 Close $102
Tomorrow's: Low $97 High $125 Close $120
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1% variance in the last hour, steady but low volume, 5K wall at $5 above, 5K wall at $5 below. Well this is cosy isn't it?
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It's a joy to change Bids, Asks and Cancels and they work instantly! Just like the real world
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I think that's a reasonable call. I'm thinking if we hold around $100 to close today, $120 tomorrow is doable as a bump, not starting a trend of that steepness though. And I think the only reason I haven't been called a perma-bull yet is because I have that Bear in my name - false flag
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Almost 4k ask wall popped up at 105.. Looks like someone wants the price down..
Or trying to squeeze it into 100$ for a while by equalling the ask and bid in this range. Current 6400btc to 95$ and 6800btc to 105$ and we're stuck in the middle. It does seem to have found a comfortable point now doesn't it? I'm thinking: Gox has trading ready to shutdown now on a lag peak - this could make a massive difference to stop any slide. It could have stopped $10 higher had they been ready to this earlier. To close on $100 today would mean the first green day since the last crash and would be up 8% close-to-close. I call a close of $120 on Monday. Free trading's over, little less liquidity in the market now, slower volatile movements too perhaps? On that basis, I'm back in, all coins, no cash.
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Ominous Ask walls developing.
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Bull trap ahead of DDoS? Or buy signal and hope Gox shut down as as the lag hits? Lots of $0.10 orders.
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this is mad - everyone's gambling they can sell and re-buy for $10+ less - sooner or later it's gonna bite you in the butt.
I was bitten in the butt by not selling in the $200s! Fortunately my butt's healing with all the new coins I'm sitting on :p
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1. Create new forum account. 2. Make a posting claiming to help make you $100/day. 3. Claim bitcoin is going to $XX.XX 4. Run away when proven wrong 5. Scam people who bought into your "service". lol This.
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Ask walls building at $100 and above, Bids down across the board at $80+ prices.
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The previous lag-induced, panic-driven sell-off started just below $115 and hit a low of around $87 (thank you for whoever sold to me at that price). Once I've had my morning cuppa I might try to predict the next one - are you reading this DDoSers? Edit: today I'm going to use a spare machine to screen-cap Bitcoinity ALL DAY, we'll have a second-by-second record of the lag then. No, I don't have a life, nor right now. Not yet :p
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Mark my words people. Timeframe, within 30 days. ...It will follow the footsteps of silver and gold: I would put more store in your predictions if you didn't have a scammy link in your sig I'll keep saying it: other factors need to be taken into account other than traditional trend analysis. You can't compare BTC to established stocks or currencies right now and expect it to behave by the same rules. This market is more open to manipulation and having more money pumped into the exchanges daily with more serious adopters and investors coming on-board daily. Short-term: don't guess, just swing trade. Mid-term: definitely hold some, have some ready in cash for dips. Long-term: hold them coins, hold them very tight. But I'll mark your words in case you're still around
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Well if history is anything to go by, the price usually rises after a weekend dip.
Will we see the same pattern this week now that the correction looks to be over?
A weekend dip? lol... We just watched a bubble half-way burst. It's falling more. I love people still in denial. Do you believe it's a series of purely market-driven sell-offs and the killer lag on Gox doesn't compound it?
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