Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
that seems to be where we're heading: Time frame? |
|
|
|
Anyone see a buy order get a piece of one of these ephemeral walls?
A little. It takes someone dropping a fair chunk of cash to catch it. It gets pulled pretty quick. Pretty crazy that someone can dump 10k coins in 15 seconds and the market is back where it was in a few hours. |
|
|
|
suckers really   |
|
|
|
Rally time! Ready...Set...GO!
|
|
|
|
MMM CHEAP COINS! |
|
|
|
My buy order was fulfilled and after MtGox commission I have earned the princely sum of .42226034 Bitcoin profit and have $$3.94781 to boot.
Placed the 97 for sale again for $139.89. We seem to be bouncing around in the $130s so I'll try to get another half Bitcoin this evening.
Nice job! |
|
|
|
Based on this chart, things are looking REALLY bumpy.   |
|
|
|
Trying to accomplish? Nothing, people are selling...
I'm skeptical that a 5k market order to sell is the best way to get the most money for your 5k coins. It's also odd to see fairly large asks walls pop up right at the bottom of the drop. |
|
|
|
|
I love watching millionaires argue over pretend money.
|
|
|
|
Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.
Hopefully, papa needs a new pair of shoes. |
|
|
|
lol I bought @ 139 and was thinking that was a bit too early...looks like a good trade now Tried to get in at 138.25 just missed. Bleh.  |
|
|
|
down it goes
1 small dump and it's pure panic... Unbelievable... lag It's not panic selling. If it happens all within 60 seconds, it's someone or a group of people coin dumping. Toss in a little DDOS, MtGox lag, someone wants to buy back in. |
|
|
|
Things are moving...
Nothing gets by BearPig. This guy knows his stuff. |
|
|
|
Alrigth, its Titty-Meme-Tuesday!
Right after Moronic Monday, cant wait for Caturday^^
 |
|
|
|
- I buy OTC from goat ->
I knew a guy who got a bad rash on his penis from banging a goat. He used OTC cream to fix it up. I'm not sure what either one of our stories have to do with banks or bitcoins. But there you have it. |
|
|
|
*shrug* |
|
|
|
we'll probably consolidate between $120 and $160 for most of next week. both bulls and bears are wrong.
--arepo
Sounds like they'd both be right. |
|
|
|
The question is do I sit on the $13k in the hope Bitcoin fluctuates back to the $136 range or accept my losses and buy in again. Right now, I'm thinking that I'll leave it a week or so and see how things work out. The 2100 Bitcoin will stay in cold storage until I can actually prove to myself that I can make a decent return on the first lot.
Depends if you think BTC is going to hit $150 first or $136 first. I'd probably cancel the buy order, wait for it to hit bottom. If it goes down to $125, that buy order at $136 will hurt. I leave sell orders up, I rarely leave buy orders up. Tuesday (curently today) in Japan should be a day they process a bunch of wire deposits, which could mean money floating around, which could mean a mini rally. I'd wait for a fairly decent drop before I bought in, because those always come. I'm not sure I 100% buy this long weekend boat load of money coming in theory which will bring us to 150-160 shortly. My first WoW bot was for the auction house only and it worked on the principle that you should set your target and then stick to it. My target is a 1 BTC gain and if I achieve that I'll try to do it again and make a 2 BTC gain  I know that if the price does fall to $136 it will probably fall further but there is great value in a bot taking the winnings you targetted as opposed to trying to guess when the market will bounce. My theory is that by this time next week, the bank holidays will have caused mtgox to run low on cash and I'll have my target  If I am wrong, then a week is a reasonable time to have waited. The only reason I am in this mess is that I got impatient this morning and killed an order to sell at $145 and sold at $139 instead. Thanks for the thought though. I can see your logic and it does appeal. I'd probably do it when you're offline. Otherwise I'd keep an eye on it. If it's dropping fast to 136, I'd want to see some sign of a bottom before I bought back in. Because if it goes to $125, then you're putting an ask order at $139. So you're taking some profit and might be putting yourself in a huge hole for the next trade. Don't catch the falling knife is a pretty good approach when the price is dropping quick. =) |
|
|
|
I just loaded some rocket fuel, we're about to blast off to the moon!
Paul Buchheit: "Bitcoin may be the TCP/IP of money."Paul Buchheit is an American computer programmer and entrepreneur. He was the creator and lead developer of Gmail.
He developed the original prototype of Google AdSense as part of his work on Gmail.
He also suggested the company's now-famous motto "Don't be evil" in a 2000 meeting on company values. The main problem I see is that Bitcoin is so dependant on the banking system. The exchanges fall apart without bank accounts, without wires, without ach deposits. Bitcoin works great as a "secondary" or "transaction" currency. Which means you use it when you want the privacy (buying bongs/dildos) or to avoid fees (sending to people in different countries). So you still use USD, you're paid in USD, you just use Bitcoin when the situation warrants it (and the advantages it brings). When an exchange can be crippled because one american bank account gets closed, that sorta points to the fact this "de-centralized" currency really needs the "centralized" banks to operate. Bitcoin is doing well because Govts/Banks are letting it exist. Sure they can't destroy it, but they sure could make it a lot harder to use. Most sellers wouldn't want BTC if they couldn't convert it to their native currency. But Banks are greedy, they launder money for drug cartels, so I doubt they care about Bitcoin as long as they get a share (which they do, wires are expensive). |
|
|
|
The question is do I sit on the $13k in the hope Bitcoin fluctuates back to the $136 range or accept my losses and buy in again. Right now, I'm thinking that I'll leave it a week or so and see how things work out. The 2100 Bitcoin will stay in cold storage until I can actually prove to myself that I can make a decent return on the first lot.
Depends if you think BTC is going to hit $150 first or $136 first. I'd probably cancel the buy order, wait for it to hit bottom. If it goes down to $125, that buy order at $136 will hurt. I leave sell orders up, I rarely leave buy orders up. Tuesday (curently today) in Japan should be a day they process a bunch of wire deposits, which could mean money floating around, which could mean a mini rally. I'd wait for a fairly decent drop before I bought in, because those always come. I'm not sure I 100% buy this long weekend boat load of money coming in theory which will bring us to 150-160 shortly. |
|
|
|
|
Show Posts
