|
Exactly. Looking forward to making my daily chart tomorrow which will bear this out, if you pardon the pun.
|
|
|
|
|
Sell to me please?
You would be crazy to quit.
|
|
|
|
|
Well we have an interesting situation here. The minority of BTC on other exchanges has the opportunity to set a price.
But Mt Gox can duly stick two fingers up to that as either the bears clutch at straws or the bulls set this price at a reasonable level (ie, holds $120).
All I know is, with free trades for 48 hours I will be in (and out) of the market (and in). And out.
You have to look at previous highs as support lines, in this case, anything pre-2013 is around the $30 mark.
If we close tomorrow below that then Bitcoin has some growing up to do before we get it out of the cupboard again.
I dunno, might be fun.
|
|
|
|
|
Free trading for 48 hours on the most liquid market with the price whipping up and down?
It ain't over: at 2AM UTC it begins.
|
|
|
|
Just in case you haven't seen: From: https://mtgox.com/trade/funding-options"Trading is halted until 2013-04-12 02:00am UTC to allow the market to cooldown following the drop in price. Read more details on the support. Additionally trading fees will not be charged within 48 hours of trading resuming (until 2013-04-14 02:00am UTC)."That's 3AM here. I ain't sleeping tonight, there's FUN to be had making money AND Bitcoins. |
|
|
|
|
Do calm down. The fundamentals and queue of new accounts all point upwards in the mid-term.
Pick up some cheap coins and just relax.
|
|
|
|
|
Oh dear. There should be a Snopes for Bitcoin...
|
|
|
|
|
Yeah terrible isn't it? We've sustained that kind of daily growth for a while now but clearly 23% was pushing a bit.
Nah, the CHART, the maths, the extrapolation says what the price will be IF x continues.
Me, I just compile the chart and answer the What If question.
I try to keep fact and opinion separate.
But $153 to $100,000 needs 300 iterations of +2.18%.
|
|
|
|
*snip*
You sir, are one of the sanest and sage voices on the matter. |
|
|
|
 See that little dog paw under the yellow speculative arrow. That's your crash that is. Average daily growth for the last 25 days is now at a less insane 4.8%. Disclaimer: I didn't shoot JR. |
|
|
|
Unless you're actually trading the swings, watching the live chart right now is a recipe for a heart attack. I'll be back once the world has realised it ain't gonna be that easy to see Bitcoin die. Meh, wanna chart putting it into perspective? http://tonycoleby.com/bitcoin.html |
|
|
|
|
The payment processor uses the weighted average.
|
|
|
|
It exacerbates panic sales and obscure price information to participants.
I am so done with MTGOX though. They've had PLENTY of time and money to upgrade their hardware to industry standard.
Why do people use MtGox then? Bitcoin 24 or BitStamp don't charge any fees and I havent seen them down never. Lack of liquidity really. |
|
|
|
Isn't hindsight great?  |
|
|
|
That chart is worthless, there are no lines using past performance to predict future performance. I DEMAND ARBITRARY LINES!!
What, you want speculation in the speculation forum? Yes, arbitrary lines. That describes mathematics PERFECTLY  |
|
|
|
I can't believe Gox still has no stop loss orders to at least be protected that way. I put in a market sell order for all my coins around $230. By the time Gox processed it coins were at $150  Stop losses get triggered and then become market orders. Now that would have been DISASTROUS. A limit order would be useful though. |
|
|
|
That wasn't fair. The haters didn't have time to gloat. Oh well, we lost literately 36 hours of growth there. Crash my arse.  |
|
|
|
|
Now where the hell is Proudhon?
I can't believe he has nothing to say right about now.
|
|
|
|
I think this sums up the market and my brain at the moment.
Reminds me of: Yeah Kandinsky is a fan of mine :p |
|
|
|
|
Show Posts
