BUY bUY BUY!!  oh bitcoin sucker,he should wait a bit  its weird how we can break above 100 and then someone takes it back down under 100 immediately, you'd think the sellers would welcome a jump above 100 and only sell off above that line, the bid were about to pill up... why why why would anyone do this  If you dump 50k coins over 3 days pushing the market down, you can't just buy back in at 95-100. That 5 million will buy things right back to 140 and you haven't made much if anything. Those ask walls are to keep the price down, while legitmate asks filter down and fill 100-110-120. So it's just not pushing the price down, it has to stay down in order for there to be coins to buy back in. When the ask walls disappear, when there's no restistance, you know we're in the pump phase and the dump phase is over. But based on those ask walls we're not low enough yet for them to buy back in. |
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Huh, medium buy.
CHEAP COINS! NONOMNOM |
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Bulls headed to 100! |
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First drink is on me!
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Don't Quit
When things go wrong as they sometimes will,
When the road you're trudging seems all up hill,
When the funds are low and the debts are high
And you want to smile, but you have to sigh,
When care is pressing you down a bit,
Rest if you must, but don't you quit.
Life is queer with its twists and turns,
As every one of us sometimes learns,
And many a failure turns about
When he might have won had he stuck it out;
Don't give up though the pace seems slow--
You may succeed with another blow,
Success is failure turned inside out--
The silver tint of the clouds of doubt,
And you never can tell how close you are,
It may be near when it seems so far;
So stick to the fight when you're hardest hit--
It's when things seem worst that you must not quit.
- Edgar A. Guest
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Wow. Sell 1k2@100.
Seams the tree of early adopters still can be shaken...
Edit: And obviously needs to be!
That was meant to keep the price down. Someone called their bluff. |
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That 1.5k BTC ask wall @ 100 just got punked. *lol*
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It's all about catching the bottom now. But who knows if it'll come today or in weeks.
Or months. Days, weeks, or months, I'll be here ready and waiting. Come to me cheap coins, I await thee. Hours, minutes, seconds. |
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It is amazing that no bull is defending the battle by pushing it up, Its 180 degrees move from early morning pushing to 126..Those asians are nuts!!
perhaps all bulls are waiting in the starting blocks around 100$ to rally back up to 120$. I Agree. And personally am one of them At 100-105 there is no way it will return and stabilize at 120 again, maybe around 110 but not 120. After each push back a new lower support is formed, which would confirm a slow slippage downwards We just went from $50 to $165. "there is no way" is famous last words predicting the Bitcoin market. |
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same person? i smell an agenda. is this for real? The ireport is basically where anyone can post "news" to CNN. It's not checked or verified. Sorta like regular CNN reporting. But no, it's fake. |
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same person? i smell an agenda. Thanks captain obvious. Nothing gets by you TA guys. |
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this is stated quite a bit on the forums, and i always found it especially ironic because it seems to be the case that it really is the speaker's own ignorance that is being projected...
very similar to what happened in the other thread with zanglebert. nothing against him, but you really need to inform yourself about a topic before passing judgment, or else you're no better than the people on something awful who circlejerk about how idiotic bitcoin is without ever fully understanding it.
You really have no idea where BTC is going, stop posting charts please. you guys are fools if you think we're going to break $120 any time soon.
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Since when did you have a handle on the market? Yesterday morning you were full bull and saw the upward trend continuing. So you didn't see this coming yesterday, in fact predicted the opposite, and now you're lecturing people on charts and fundamentals? Within 24 hours you were horrifically wrong. You probably need a timeout. But you did have 2 good charts showing the upward trend. Maybe you can photoshop those, since they're sorta upside down based on what actually happened.
yes, thank you for re-posting my work (from two days ago). i, unlike lizardman, fully accept that i am not 100% sure of price movements, and don't offer hundred-thousand-dollar put options. if you'd read on, i discussed that model and a few reasons why it may have failed so spectacularly. yesterday, after the triangle broke down, i immediately warned of a retest of $120. last night, i opened a short. tl;dr -- you're quote-mining, and it doesn't matter if i was wrong two days ago if i can still profit today  It was yesterday. Today is the 1st. The 30th is yesterday. I'm not quote mining. You're lecturing people about the wonders of analyzing the data and charts, but 24 hours out you were forecasting the opposite of what happened. By a huge margin. Your "forecast" for the week was between $120-$160 (the price was $140 at the time). Not only is it laughable your forecast was "it might go up by 20% or down by 20%", even predicting up/down by 20% was still wrong. The point is, when you clearly have no fucking clue where the market is going, you probably shouldn't be spouting off "OMFG YOU CRAZY CIRCUS FUCKS! GO READ THE CHARTS!". The charts clearly aren't helping you forecast jack shit, so you should probably come off the high horse a little. And the whole "sure my forecasts were totally fucking wrong, but I made a ton of profit" is the classic "I was wrong, but I ignored my own advice and make a killing in the market!". Like I said, take a timeout for a few days. |
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this thread is a circus. and you, lizardman -- you're the ringleader. thanks for the overconfidence and letting me know that you were 'all-in', it was a very reliable contrarian indicator, and it paid my whole months rent as i slept peacefully.
oh, and does your so-called 'fibonacci analysis' only work after we start crsahing? you changed your tune quite a bit once we broke that $120 wall. told you you ought to have parked some capital there.... if you were clever and not so self-absorbed as to be unable to interact appropriately with others, you'd have managed risk and kept liquid funds, made the bear put more accessible to people on the forum so that they'd actually take it (there was a decent amount of demand), and then parked the capital on $120. i think that may have helped soften this capitulation, and it would have been a great hedge.
oh well xP
Since when did you have a handle on the market? Yesterday morning you were full bull and saw the upward trend continuing. So you didn't see this coming yesterday, in fact predicted the opposite, and now you're lecturing people on charts and fundamentals? Within 24 hours you were horrifically wrong. You probably need a timeout. But you did have 2 good charts showing the upward trend. Maybe you can photoshop those, since they're sorta upside down based on what actually happened. we are consolidating very bullishly, and are nearing an upwards breakout: -===- *10-day 1-hour scale*  -===- notes: (1) price following strong (3-pt) moving support (2) Accumulation/Distribution confirms this trend (3) CCI also confirms this trend (4) Bullish midline crossover in the Stochastic RSI (5) Bullish midline bounce in the Slow Stochastic Osc. here's some direct price analysis: -===-  -===- top marked by high volume, consolidation marked by low volume, anticipating a spike in volume with the upwards breakout to confirm "trend continuation". --arepo |
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Still pretty bumpy. Hang in there golden goose, you're not dead yet! |
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mtgox could very easily be engaged in inside trading. they control the order book.
why did this guy delete all his posts? is there a way to see them?
i'm VERY curious about what is going on here..
That's the only reason you can really explain the lag. Before every big market order they insert their own trades and then sell into the market order. The more trades that get lagged in the queue the more they can buy/sell from the front and buy/sell into the end of the market order. And it's not even illegal. They're not a real exchange. There are no laws saying they have to run an honest exchange (since it's not really an exchange). They could have their own "bot" that never loses on a trade (of course no fees). They can wait for 5-10-15 trades to queue then insert their own trades. They'd never lose and you can't really prove it. We just assume they're honest and nice guys and aren't tempted by making millions. Yeah.  |
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If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)
Yeah but if the market just crashed 25%, you have 200k USD of BTC on MtGox, your first thought is "Put up 1.5k ask walls at $115 $118 $120?". You're just deterring a bounce back. If you're panic selling, you'd just sell them. And within 60 seconds of the coin dump? Who see's a crash and walls up the bottom? The size and aggressiveness of those ask walls isn't from people looking to sell into the bounce back. You want it to bounce back, your BTC is worth more. The only thing they do is help keep the price down. |
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The lag at Mt.Gox is unacceptable, although i think it saves us from a total fire sale.
There's plenty of bid walls above 100. If anyone wants to sell, they can quite easily. Lag under a minute is pretty minor for MtGox. |
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Asks rising dramatically, bulls failing to get back past 120.
Beyond wanting to limit a bounce back, why else would someone put up 2-3-4k ask walls right after a sharp decline, right on the edge. They were way too big, way too consolidated to be bots. There were still enough bids walls if you actually wanted to sell you could have. Not to mention the ask walls came up right after the final coin dump to 105-110. You can explain away lots of coins being sold. I find it hard to explain away people aggressively pushing the ask wall preventing any serious bounce back. |
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