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Good game, bears. 144k BTC to $50 now, more than ever. You should just move your asks up to $200 now and spare us the trouble because that's where we're going.
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What if ASICMINER goes through a Bitcoin-style bubble and hits 10 BTC each?  |
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Ask: 1.64 on BTCT  |
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Wall at 1 being eaten on btct! 17 shares to go  edit: If we sell 5 TH/s of 10 GH/s blades at 50 BTC each, we're going to see 25000 BTC, or .0625 per share O.o That's only <10% of inventory after this delivery!!! And then we're getting 200 TH/s more... 1.5 BTC / share might not be enough. |
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This has been one wild week... I've been dealing with calls and emails nearly 24 hours a day. Managed to keep most of the panic sells between old and new clients and off the market.
So has the panic stopped? Are we going to see more upwards activity again? |
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1 BTC/share  Secret rocket is taking off!
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clearly you guys are incorrect
so the answer to the formula is (5%5-5%)%it is self evident in this ch art BTCBTCBTC |
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MtGox has already got better stuff. No more lag today despite the crash.
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Well, I'm out... good thing I locked in a portion of my gains. See you guys at $20 I'm going to block bitcoincharts et al, and wait for the huge rally to $1k in a year. |
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How does everyone know to buy/sell at the same time?
>.<
The Krabby indicator, that's how. Sorry man. |
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Screw it, i'm selling all out.
Watch the price jump up.
LOL |
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Are the walls going to hold? Given the sheer volume of coins sold today, it's amazing that there's still fuel for this fire...
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Red bar after red bar after red bar... This isnt going to let up anytime soon. Sub 50s this week easily.
Actually, so many red bars usually ends in capitulation and the start of a rally. Look at historical charts. |
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Am I reading this chart right that someone just sold over 9000 bitcoins?
Not sure if it was 9000, but it was a shitload The only reason you dump that many coins at once is to drive the price down so you can re-buy at a lower price point. Someone with that many coins, isn't "panic selling". It will probably spike back up and the process continues. =) The other reason is that dumping the coins slowly would allow the price to go down, possibly costing more than it's worth. The big bidwalls are making panic selling easier. Agreed. There's been a bunch of 3-4K coin dumps today. I find it hard to believe it's a whole bunch of big investors panic selling. If you wanted to force the price lower, 3-4K sells pushing the price down quickly, suckering in panic sellers, is pretty much the way to do it. $5 by the end of the weekend, as I said before . These people have a lot of coins, and are unloading not to buy cheap, but to get out of the game while still there is some value on the BTC. Yup, get out, BTC is worth $0 now, I am dumping everything! It'll just keep going down to nothing. Those large 50k+ BTC bidwalls in the teens will get pulled, as will the millions of dollars above them in the orderbook. Bitcoin doesn't work anymore. |
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Is there some bad news I'm unaware of, that would make it rational to move down 30% in a day?
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is that a bullish H&S forming?
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I can't believe another one of these threads is needed
... at a time when Gox has finally fixed its lag issues, which caused the crash in the first place
... at a time when the Winklevii have revealed their bitcoin balance
... at a time when Bitcoin adoption is through the roof, both with merchants and normal users
... at a time when Gox has a record long verification queue
... at a time when the future looks far brighter than it did during the fork...
But it appears that people insist on panicking for no reason at all! So here it is. Calm the fuck down everyone!
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80 wall is large, might survive
dunno about that... |
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Wow, lots of selling for a Monday...
If it goes anywhere near $50 I'm prepared to buy 5 figures of coins.
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gox down for me
not for me. |
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