I was talking of liquidity, not the amount of it.
But on another subject... action!!
More than 8k sold! (And now clarkmoody died on me...)
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I don't mean to disparage speculators but I think there is likely such a thing as excess liquidity at times.
What's the name we give to our most liquid asset? Money. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Indeed. We were overbought for most of the sprint upward in April.
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Did I misread or the alleged "victim" sent those BTC to the wrong address?
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Woohoo, action!
1k bought!
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I find it hard to believe you missed the part where craploads of companies are accepting Bitcoins and that it is growing every day.
I find it hard to believe you missed the part where you are supposed to explain how this would prevent the price from falling.
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I wonder what will happen if that 105 wall gets pulled ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) I think it's a no brainer what will happen. up Up UP! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Dat total lack of buying pressure.
I wonder how many of those walls will be pulled.
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Wall around $105 is now 11k. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) One big order for 6k and another for 2k.
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Guys, you realize there's every other subforums for this kind of discussion, right?
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I see important walls starting at $106 and below.
*wild subject change*
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So... no new engine and DDOS protection? ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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As the old saying goes: buy the rumor, sell the news. You Litecoin guys have until June 19th to sell. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Redditors turning bearish? http://www.reddit.com/r/BitcoinMarkets/comments/1fup9j/friday_june_7_2013/I hope this dispels some of the jerking that has been occurring in a circle like fashion on this sub lately. Too many people convinced the price was going to go back up to $130 giving advice about buying "cheap" coins while you can with nothing more than pictures of past graphs to back it up.
The trend lately seems to be big sell offs over night/early morning. Whether that just happens to be people in distant time zones doing normal business, or intentionally selling off at night so people can't pull orders I don't know. In either case I don't expect a quick return to $130, although I could be wrong. The rise from $118 to $130 only happened because of hype from the conference, and was followed by incredibly low trading volume. Barring some big news I don't see another climb up that's sustained more than a day or so.
I also think people continue to seriously underestimate the effect new coins have on the price, and it seems pretty clear that new people into the market just isn't happening fast enough to maintain current price levels. Honestly I'm not sure that I think btc over $100 is sustainable at the moment. Those dividends that people post about each week are coming from somewhere, and yet people still get surprised to see a large sell order crop up and send the price down. And ASICminer isn't the only player who has coins to sell. If you look at market history since the conference most days volume doesn't break 10k, and some hardly breaks 3k, and I'm pretty sure about half that volume is bots dicking around with each other. Just not enough to buy up the coins from the miners.
The sad thing is none of what I'm saying should be news; me and others have said all this over the past two weeks often times to the chorus of downvotes or people who blindly refute a decline in price with nothing more than pictures of past graphs as "proof". Unless there is another conference, don't use the graph from before the conference as an example of what to expect. So seriously people, stop downvoting opinions that differ from yours as long as they are constructive, and unless you want people like me to take your money, start applying a little more cynicism towards the market. And you should let yourself benefit from seriously considering the advice of people who think differently than you.
And remember, there is no guarantee of the price going up, ever. Especially on the timescale of a trader trying to make a profit. Also, make up your mind whether you are a trader or an investor. I'm a trader, and while I would like to see bitcoin succeed I'm not going to let that stop me from betting against it in the market if that will make me money. If you can't do the same you are either an investor, or a piggy bank for traders.
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I won a good amount on coin gambling last night for me, and proceeded to Mt Gox to input it since I thought I was going to need to sell today to fell comfortable, appears I was right. Happy with the cash sitting there for now but did put a buy in at $95 just incase I was away for a while
I bet you'll be sorry if your order is executed.
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I wonder when people will start to panic. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Once again, there wasn't an overwhelming buying force. Sellers just stopped selling. ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif)
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Any predictions for price movement over the weekend?
/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/ -----------------------
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bear bull trap surely
FTFY
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I guess those gigantic hashing machines operate all at once. Too much competition. But somehow or other someone will go in to support the prices. Bitcoin price drop will affect the VCs and angel capitals that have invested in Bitcoin projects and they have invested hundreds of millions.
No it won't. VC's invested in Bitcoin exchanges and other services, not in Bitcoin itself. The price really doesn't matter.
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