Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?

[coined]

Someone did a massive manipulation at mtgox, sold maybe 20,000 bitcoins and then bought a large number back on a dark order.

does that mean the REAL correction is still on its way then?

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[error]

Someone did a massive manipulation at mtgox, sold maybe 20,000 bitcoins and then bought a large number back on a dark order.

does that mean the REAL correction is still on its way then?

I think we saw most of the real correction already.

[Grant]

Someone did a massive manipulation at mtgox, sold maybe 20,000 bitcoins and then bought a large number back on a dark order.

How do you know its same person ?

[coined]

back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.

[Bimmerhead]

back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.

Some people might have tried to be all over it (it's called arbitrage), but there are a couple things to consider.  What is the volume being bid on at Britcoin?  Was it 50 or more btc, or just a few?  Also, actually getting btc at $13 on mtgox was very difficult.  I placed two orders well above the $13.xx asking price and my orders didn't get placed, probably because of an overload of activity on their server.

[NielDLR]

back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.

Making a quick buck like that is theoretically possible, but take into consideration transfer times of currency, be it BTC and/or payments, would make this a bit more tough. Unless you have two bank accounts and enough Bitcoins on both sites to trade with, then I reckon it is possible. I'm just having trouble trying to find a way to trade without Paypal (shakes fist at stringent export currency control in South Africa), before even considering doing this.

[LZ]

I love your creativity. Nice way to describe the current situation.

Thank you, S3052! But it is not my creativity. It was originally posted on another topic. But I loved it too!

[coined]

back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.

Some people might have tried to be all over it (it's called arbitrage), but there are a couple things to consider.  What is the volume being bid on at Britcoin?  Was it 50 or more btc, or just a few?  Also, actually getting btc at $13 on mtgox was very difficult.  I placed two orders well above the $13.xx asking price and my orders didn't get placed, probably because of an overload of activity on their server.

was about 200btc I think over a few orders at the £13 range, the "arbitrage" opportunity its still happening now, there is somebody trying to get 269btc @11.7 right now thats about $19 and still $17 on mtgox, maybe not many people have money and coins in multiple accounts,

[Basiley]

I love your creativity. Nice way to describe the current situation.

Thank you, S3052! But it is not my creativity. It was originally posted on another topic. But I loved it too!

yeah, its nice comix -)
also shared my feeling about project future and this future dynamic )

[bitcoinBull]

Whatever you call it I wouldn't say it's a bubble.  The entire Bitcoin economy isn't even a blip on the radar yet, and while the price will likely swing wildly for a long time to come, if Bitcoin goes anywhere near mainstream these prices will be left in the dust. That said my suspicion is that this will soon attract (if it hasn't already) some professional traders that will be looking to manipulate the price down in order to accumulate.  Look for a sharp dip that cuts the price dramatically, possibly accompanied by some awful rumor or attack on Mt. Gox or something.  The weak hands will get shaken out of the market and we'll be primed for a huge rally.  Just my 2 (bit)cents. 

This could turn out to be a heck of a call if this sell-off continues.   

It was a heck of a call, if a little premature.

Weak hands being shaken out now.

[MoonShadow]

Woo Hoo!  Weekend fire sale!

[da2ce7]

@ S3052, I'm really missing your high quality analysis... is there any chance that you will do public reports again?

[S3052]

@ S3052, I'm really missing your high quality analysis... is there any chance that you will do public reports again?

Thanks.
Indeed, I continue to issue public updates (see below)
1. Regular technical analysis http://blog.bitcoinwatch.com/
2. Short term updates on http://twitter.com/#!/BitcoinAnalyst

[S3052]

I have reset the market sentiment poll.


Up?
Same as now?
Down?
I don't know?

click on the poll above. Will be interesting what the sentiment is after the big decline and subsequent bounce.

Please VOTE

[Current-C]

Whatever you call it I wouldn't say it's a bubble.  The entire Bitcoin economy isn't even a blip on the radar yet, and while the price will likely swing wildly for a long time to come, if Bitcoin goes anywhere near mainstream these prices will be left in the dust. That said my suspicion is that this will soon attract (if it hasn't already) some professional traders that will be looking to manipulate the price down in order to accumulate.  Look for a sharp dip that cuts the price dramatically, possibly accompanied by some awful rumor or attack on Mt. Gox or something.  The weak hands will get shaken out of the market and we'll be primed for a huge rally.  Just my 2 (bit)cents. 

This could turn out to be a heck of a call if this sell-off continues.   

It was a heck of a call, if a little premature.

Weak hands being shaken out now.

Thank you.  We probably just saw the same thing happen this weekend but on a larger scale.  Won't be the last time either.  The drop from 100 to 50 will turn some stomachs . . .

[speeder]

I could not profit much as I wanted on the drop... But I had some fun

Went from 29 BTC to 37 (yes, do the percentage calculations... and no, that is not my full BTC assets, those are only the ones that I had in hand to speculate with).

[LZ]

Good Morning, Europe! Yeah, the working week just started!
What a wonderfull opportunity to buy cheap bitcoins! Right?

Now waiting for America!

[Uhrenknecht]

wonder what happens if US sees that Silkroad opened their registrations...

[error]

wonder what happens if US sees that Silkroad opened their registrations...

It isn't quite 4:20 here in the US yet, though I'm expecting the rally to resume.

[hoki]

are we gonna see the price hitting 25 today?