Wave 5 completed, ABC corrective should end in price territory of Wave 4... ie $120-$150.
Curious, what kind of confirmation do you look for to conclude that Wave 5 has ended? Not too knowledgeable about wave theory.  |
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Yeah, generally I try to buy when price is falling and take fiat profits as price rises. Careful not to sell too much into any rally, though, because I'm pretty sure this market will eventually run me over and lift off forever... hopefully by that time, I have enough coins.
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Well it was quite a drop, and I wasn't happy to see it. But it's fairly typical for Bitcoin lately.
Hey it's just like coming down from an acid trip. No ones happy about it. I suppose that depends how much of your portfolio is in dollars, and whether your bids filled on the way down. |
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Just for clarity, they are NOT the FBI's bitcoins now. Like all seized assets, IF the accused is convicted (that takes some time although less time if he has no money and is going to use a PD) then the FBI will liquidate these seized assets. Cash, they keep. Everything else gets auctioned off. It is likely these BTC wallet(s) will be auctioned IF a conviction is achieved.
That's not necessarily true. It may be true in most criminal forfeitures, but not civil forfeitures. The government in this case, AFAIK, can file a civil forfeiture case in parallel to the criminal case, suing the property, and if Ulbricht can't prove they aren't proceeds of illegal activity, they are the government's. No need for conviction in that case. No idea what they are doing, though. |
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 Sell pressure seems to be drying up a bit. ¥1,040.02 Last price. |
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 Sell wall down quite a bit. Perhaps 1000 CNY will hold and this is the local bottom. |
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This rally might have been the real dead cat bounce. Bitcoin market is growing up and things take more time than they used to.
What are you telling me here? We going sub-50 levels?  |
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I thought that story was some pretty awesome conspiracy theory porn, but I don't know how believable it is.
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 Eek. Those sell walls popped up pretty quick. Popcorn time. 1000 CNY to hold?  |
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If you have the balls, now is certainly not a bad time to buy BTC. Take a step back and look at what fundamentals are telling you compared to what your emotions are telling you (fear).
I picked up 5 or 6 coins on the way down, woke up to see my bids down to $156 (BTC-E) had filled. Was hoping we'd go a bit lower.  Just sayin'. |
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I have to say, this thread smacks of desperation. SELL SELL SELL. |
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It may have been possible last night, there were a few quick 'flash crashes' where the prices were all over the place.
I'm pretty sure Gox only hit 175. That's what Clark Moody, Gox and Bitcoinity all say now. |
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I always double check anytime something seems to be happening on bitcoinity. I like it, but I just wish it was more reliable... it's way off all the time.
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 1150 cny broke on btcchina, saw it hit 1142. 1149 last price. |
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Looks like btcChina is about to lead us into another dive.
dive dive dive dive dive dive dive I wonder how this will play out without bitstamp being operational? My guess is it wont end up being a major drop, but if it is.. imagine all the people lined up trying to log on to bitstamp and panic sell. What isn't operational about bitstamp? The website loads for me. Is just the engine down? Ditto, what's going on? I don't have anything on there so I'm not trading, but I've been watching the ticker move for the last 20 minutes. Didn't seem like anything was amiss. |
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Hmmm. Well, always good to see more exchanges... anyone have any opinions? I generally wait for a vouch or three before looking into it too much.
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Honestly, being whitelisted is now as easy as posting once and coming back to the computer four hours later. It doesn't seem like it's worth mods' time, but what do I know...
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I had a small bid fill at $153 last night on BTC-E. That was nice. |
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Could have played this correction better. I got lucky that I happened to take profits ~ $195-200 (BTC-E) before the dumping began.... managed to come out slightly ahead in coins at the end.... pretty marginal, though. Oh, well.
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I think we are pretty far from there. Also, when 22M people want bitcoin, I think they will want much less than 1 each by then. Too few coins. (well "want" and "can acquire" are two different things I guess) |
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