Bid side on Bitstamp is extremely thin. On the contrary, the ask side is very healthy in the $600-$700 range. BTW: a 10 BTC "dump" brought us down to $580 from $600 - $20 slippage for a 10 BTC sell, wow, this market is a joke  That's because nobody can get into Bitstamp atm to trade except for a very few lucky people. Bid/ask depth is still looking the way it was a couple of hours ago when the price was just starting to recover, so no wonder bid side is looking empty and asks are looking good. Ooopps.... A 2.3BTC buy took us to $640 on Bitstamp. What a joke |
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Bid side on Bitstamp is extremely thin. On the contrary, the ask side is very healthy in the $600-$700 range. BTW: a 10 BTC "dump" brought us down to $580 from $600 - $20 slippage for a 10 BTC sell, wow, this market is a joke |
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Guys, is yesterday's hearing continuing today?
3:30 pm Eastern Time Yep, this time the real "bad guys" will be heard (the bankers) |
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oooops  |
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Interesting moments, if we break down $350 we will see some real panic and the buying opportunity will be EXCELLENT. Difficult to say if it will happen though. $600-$700 (on Stamp) was an excellent moment to realize some fiat profits and I'm happy with the choice I made.
To all the "singularity" fans: just remember that BTC's infrastructure is not ready yet for such an event. Nevertheless, I find myself not agreeing with Blitz, this does not look to me like a "pop" preceeding a bear market, this looks to me just like a healthy correction that brings some sanity to an unsustainable parabolic growth scenario. We need to remember that Gox is broke; Bitstamp is currently delaying both deposits and withdrawals (its been +1 week since the last "fresh" money was credit to Bitstamp accounts); Coinbase halted trading, and the rest of exchanges are a joke. Fiat is having a harsh time to flow to and from the exchanges.
Taking into account all the above, I bet for the "correction" scenario.
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12k for sale on Bitstamp, aprox. double what we used to see the last days.
Bears are reloading ammo, bulls crapping their pants?
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We have a potential classic bitcoin triangle forming. Needs to climb back to and bounce down off of 775ish to really see if it forms though... But it looks like it could happen... We shall see.
What is a 'classic bitcoin triangle'? Bitcoin has an incredible habit of forming the triangle wave pattern. It does it all the time thus it has become a bit classic for the bitcoin market to do them. At times it almost seems like certain big players are trying to design the triangles. Pics or it didn't happen. |
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Nice fight on stamp, would love to see a double bottom at $500
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Lol - just opened up a browser that I haven't used for a couple days which had it's Bitcoinity tabs frozen in time - thought "Shit - Bitstamp down to $525!!"
Don't see it happening, either.
Well, hold tight, you will probably see $525 soon enough. Yeah, I'm just hoping. What do you think will happen if it goes below $532? 395 $. if we go below 390~395 > 266. still think 600 is the floor, I am hold to that till it gets broken, opposite of a bear screaming the incoming x,xx or low 200s lol We just visited $566 on Stamp, didn't you realize? |
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Lol - just opened up a browser that I haven't used for a couple days which had it's Bitcoinity tabs frozen in time - thought "Shit - Bitstamp down to $525!!"
Don't see it happening, either.
Well, hold tight, you will probably see $525 soon enough. Yeah, I'm just hoping. What do you think will happen if it goes below $532? Nothing. Corrections need to happen. Parabolic growth is unsustainable. No real panic until below $350 (aprox.), media cycle is extremely positive and new money will flow to Bitcoin in the next weeks. |
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Is this how it happened last time or was it faster?
It was much faster. This looks looks like a simple correction. |
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Lol - just opened up a browser that I haven't used for a couple days which had it's Bitcoinity tabs frozen in time - thought "Shit - Bitstamp down to $525!!"
Don't see it happening, either.
Well, hold tight, you will probably see $525 soon enough. |
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Beware of the euphoria, guys.
I'm feeling it... this is better than any drug. How much have you made this month? This month? How much have you made TODAY? I just whipped out the calculator and spontaneously did a happy dance  . I know euphoria is usually prelude to a hangover feeling, but this feels awesome . Paper profits. View them as such. If it drops to $100 tomorrow (without valid reason) I won't care. This. Just make sure to realize at least a bit of those profits at some point |
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Beware of the euphoria, guys.
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Is there no one left to predict an impending crash to single digits any more?
I guess we reached the tipping point, no single digits ever again unless BTC is going straight to 0. |
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Bitstamp catching up  |
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So... How long until Satoshi is the richest man on hearth? ...not a bad time to sell a little tough  |
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Im scared lol
been at this 1 month mining 21 coins....hmmm......may have to take any coin I get put in paper wallet USB and place far away in safe deposit box in a bank......if I plan to just hoard.....this is like trying to take a break from women at the playboy mansion....restraint man restraint..... crap its only been 1 month of this for me no wonder everyone on here is insane damn 21 coins... here I am sitting with 1 coin lol got a KNC Jupiter I expected to make ROI in a lesiurey fashion in say 9 months to 1 year...as I expected hype to slow down etc more equip etc.....mad ROI in 25 days started mining oct 18th I think coin then was around $150 to say I'm noob and confused is an understatement ah hell its only money (or not depending on what the u.s. house says on Monday about all this) Very confused indeed. Your ROI is negative because you bought a BTC minting machine, and you would have bought more coins with your fiat that coins your machine will ever mint. |
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Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th. |
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