Awesome.  |
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I think the Chinese are moving BTC into other exchanges to sell.
This has been my feeling (and fear) and adds a whole new element of uncertainty. Now would be a good time to really know how much of the volume on Chinese exchanges was fake..... how many coins there are to potentially dump..... |
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Total freefall. What a spectacular show.
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501 just broke on Gox..... 888 left to break 500....
Edit: 2k sell wall up, 477 coins left
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Wow.... Stamp so bearish, way below BTCE
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The last bubble:   Why did you make it look like the bottom was ~100? |
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There are a lot of subtle to not so subtle racist undertones in this thread. It feels a little un-necessary in a forum that's dedicated to discussing a form of currency not race relations. Maybe tone it down a little?
Very much this. SMH. |
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4hr MACD loooking good don't lie to me MACd! They have yet to not tell the truth when a trend like this start and ends here we come 1600 Is it just "looking good" or is it CROSSED? Because the former is a trap. Doesn't look good to me.  Certainly no crossovers..... For those talking about new ATHs next month..... let's break the downtrend first.  |
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The situation is definitely looking worse now...we may see sub $600 after all.
why is it looking worse? It looks like it is holding in the 700s. There has not been a huge sell off yet like on the 6th. I think a lot of weak hands were shaken at that time. Regarding the weak hands thing.... a lot of the bottom fishers are weak hands. Me, for instance. My hands are so fucking weak right now. Just playing the bounces. Prepared to eat my words, but this level will be broken. |
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Guys, sorry to break it to you bears, but in the long run bitcoin is going to the moon, get all you can now at sub 1k levels because come 2014 its going to be a whole new world.
The difference between 350 and 700 (and 1000) is marked. It seems to me that buying anything under 1k is a bad move to maximize gains..... |
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[...]
I think nobody is infallible, yet his last call was spot on.
His last call was nothing special at all, many, many people guessed it. His call for rally was very, very impressive though. He is speaking utter nonsense now though though and want to turn his followers to help market moves in his direction. On shaky ground? Maybe. "Utter nonsense"? No, absolutely not. If you absolutely cannot comprehend the possibility anymore that bitcoin price might enter a multi-month-to-a-year bear market, you should re-evaluate. Agreed. Not gonna bet too much on it, though. |
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Someone, or a group of someones, has decided that BTC will not go below $700 on gox.
Looks like they gave up. |
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To make money. |
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The news itself is not so important. When buying pressure is exhausted, we look for reasons to crash the price. |
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I'd been sold out for days prior to this. (Well, I do have some cold storage.) No buy and hold for me!
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If you close it again, I will just open it for you.  |
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With more news coming out of China, we may see some of the 550 support evaporate, what's the lowest point you would set buy orders at?
I play it bounce by bounce. I suspect we may see 300s, eventually, but I have no orders at that level currently. |
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Gox has been super stagnant for days, even before last night's drop.
Looks like that push to 4600 is ending now.
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