It will be interesting to see, I sold my bitcoins weeks ago in anticipation of a big price fall. I am surprised the price is holding up, but it seems to get weaker and weaker.
As per the theme of this thread. A lot of people are looking at the market action and get the feeling that powerful hands are trying to hold Bitcoin in place. I would be one of those who subscribe to this view. Under normal market conditions, they have been succeeding, however along comes another whale and drops 2000 BTC all at once. And this keeps happening. Just when we get to a wall that seems like it should prove a major support level, along comes another whale and drops a big pile of BTC into it. Yes, there are those whale entities in whose interests it was to stabilise Bitcoin within a certain price range (the higher the better I would imagine), but there are also whale entities who want to see the price go much lower. These aren't just cash-ins or panic sell offs we are seeing. These are well timed mass sell-offs, designed to negatively twist market sentiment at key points in the chart development Right now, we have a very large buy-in wall at $725. In a truly 'free market' situation, this would be such an obvious buy-in opportunity, but I am not buying in as I fear that there might be another Behemoth sitting at his PC ready to dump another 500 BTC or whatever and send Bitcoin crashing further. Going by the ultra low 'recovery' volume we have seen so far, it seems I am far from the only one who feels this way. If anyone wants to call this market action 'free market', then I would hate to hear their definition of a cornered manipulated market. do you even know what QE is? |
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predict the top of the bounce 78018,000  |
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holy moly mtgox and stamps have a 1% spread!
this is wild!
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fuck are we going to put in a new all time recent low?!
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737! 732  this is the end of bitcoin, i can feel it! '  |
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heh, check virtex orderbook for the lulz
Buying BTC
Created Amount Price Value
Feb. 6, 2014, 12:13 p.m. 0.0500/0.0500 849.10002 42.46 CAD
Feb. 6, 2014, 12:13 p.m. 0.0500/0.0500 849.00002 42.45 CAD
Feb. 6, 2014, 12:13 p.m. 0.0500/0.0500 848.90002 42.45 CAD
Feb. 6, 2014, 12:14 p.m. 0.0500/0.0500 848.80002 42.44 CAD
Feb. 6, 2014, 12:14 p.m. 0.0500/0.0500 848.70002 42.44 CAD
Feb. 6, 2014, 12:14 p.m. 0.0500/0.0500 848.60002 42.43 CAD
Feb. 6, 2014, 12:14 p.m. 0.0500/0.0500 848.50002 42.43 CAD
Feb. 6, 2014, 12:14 p.m. 0.0500/0.0500 848.40002 42.42 CAD
Feb. 6, 2014, 12:15 p.m. 0.0500/0.0500 848.30002 42.42 CAD
Feb. 6, 2014, 12:15 p.m. 0.0500/0.0500 848.20002 42.41 CAD
Feb. 6, 2014, 12:16 p.m. 0.0500/0.0500 848.10002 42.41 CAD
Feb. 6, 2014, 12:16 p.m. 0.0500/0.0500 848.00002 42.40 CAD
Feb. 6, 2014, 12:17 p.m. 0.0500/0.0500 847.90002 42.40 CAD
Feb. 6, 2014, 12:17 p.m. 0.0500/0.0500 847.80002 42.39 CAD
Feb. 6, 2014, 12:17 p.m. 0.0500/0.0500 847.70002 42.39 CAD
Feb. 6, 2014, 12:17 p.m. 0.0500/0.0500 847.60002 42.38 CAD
Feb. 6, 2014, 12:17 p.m. 0.0500/0.0500 847.50002 42.38 CAD
Jan. 31, 2014, 8:38 a.m. 2.5726/2.5726 847.50000 2180.28 CAD
Feb. 6, 2014, 12:18 p.m. 0.0500/0.0500 847.40002 42.37 CAD
Feb. 6, 2014, 12:18 p.m. 0.0500/0.0500 847.30002 42.37 CAD
that my friends is the Canadian equivalent of Willy... hahahahaaa
This slicing of orders is common. Here is my understanding of why people do that: If you post a single bid for 21 BTC @ 800, some other jerk may post his bid for 21 BTC @ 800.01, then you will not get anything until hs bid is filled. If you spread your bid into 21 bids of 1 BTC @ 790, 791, 792, ..., 800, 801, ..., 809, 810, you will ultimately pay the same amount, but now the jerk cannot get ahead of you by bidding just one penny more. If he posts 21 @ 810.01 he will lose a lot of money, if he post 21 @ 800.01 you will gobble up 10 BTC before he gets anything, if he splits his order too at 790.01, 791.01, etc. you both will get served together. So, splitting seems to be a better strategy than lumping, very roughly speaking. Does this make sense? Thanks. Yes it does make sense, and never thought of that before. i place tiny orders like that too. my idea is to provide support or resistance and when they fill i have plenty of ammo left to place more support or resistance. you don't want to convince yourself that its going up or down and blow your load all at once only to see the market move 5% higher or lower, and feel sad for missing an opportunity plus this way I get to place orders all day long, and thats tons of fun. |
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much doubt
such fear
very scared
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BITCOIN IS GOING DOWN SELL EVERYTHING!
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but seriously - this apple stuff is fuckin bad news
apple has been removing the bitcoin app for years now someone puts it up in the app store they remove it. |
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drop without FUD = real drop.
Bearish market - seems Adam was over excited with the NY hearings  lol no way... i never get overly excited. |
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Gox Bux are getting increasingly expensive, i never thought i'd see the day...
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i just bought a bitcoin derivative that SO FAR has been paying out dividends of 15550.51%/yr pirate is back? its on havelockinvestments.com "B.SELL" it pay out big if the difficulty rises its wild! and "B.MINE" which pays out daily dividend of ~300%! (each share pay out what a 5GH minner would) its crazy!  |
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i just bought a bitcoin derivative that SO FAR has been paying out dividends of 15550.51%/yr |
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finally i can connect on to the bitcoin fourm SOOOOO any good reason for the sell off? or did goat just buy another lambo? |
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I feel super bullish this morning, should I go full in again? :3
no way, wait for price to reach 820 then place orders at 808 and pray to whatever god you believe in  |
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 Walls will be shattered
Technicals will be broken
AND THE SUN RISES!!!!!!!!
BUY NOW!
BUY NOW!
Buy for freedom, and the stock market crashing!
<- bat shit crazy  |
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