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Grant (OP)
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June 15, 2011, 11:34:14 AM |
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This is an interesting situation, there seems to be a panic deficit, something no money can buy. All technical indicators show a "need" for a correction. For example s3052's: http://chart.ly/bkh9bpaThat's in addition to the many roumors of hacked accounts, Buttsec lulzing the exchanges security and what not. Where are you mr. Panic ? Volume is low, we're awaiting you  |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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kicir
Newbie
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Activity: 56
Merit: 0
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June 15, 2011, 01:55:42 PM |
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never seen MtGox so flat, it's getting boring
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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June 15, 2011, 02:00:59 PM |
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MtGox is down. I can't reach the site, the tickers are getting buggy too. Either DoS or some kind of trouble on their side.
But yea, even with serious downtimes, volume is too low. People just don't want to make a decision. But the price can't just be fixed to 20, so I'm also waiting for someone to finally pull the trigger.
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error
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June 15, 2011, 02:02:19 PM |
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Calm before the storm. This is a great time to buy.
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3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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Grant (OP)
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June 15, 2011, 02:04:52 PM |
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The sellside orderbook is growing. We need either a large buy through 24 or a sell through 16 to get going... Comon Panic sell or panic buy! |
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imperi
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June 15, 2011, 05:15:37 PM |
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Calm before the storm. This is a great time to buy.
I bought yesterday when it was at 18.50. I hope it was a smart idea. |
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KorJax
Member
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Activity: 62
Merit: 10
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June 15, 2011, 06:02:35 PM |
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I'd love to buy, its a shame the entire process of buying takes over a week to process. Especially since the difficulty is about to increase.
I've not even done test-trades yet. I want to try trading just 1-2 bitcoins to see how it works and try and gain a small amount of day-trade cash before I do any serious investments, but when it takes over a week to clear and go through the whole process....
Ugh. Makes me feel like I'll be missing out on a real opportunity to invest.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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June 15, 2011, 06:23:17 PM |
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I'd love to buy, its a shame the entire process of buying takes over a week to process. Especially since the difficulty is about to increase.
I've not even done test-trades yet. I want to try trading just 1-2 bitcoins to see how it works and try and gain a small amount of day-trade cash before I do any serious investments, but when it takes over a week to clear and go through the whole process....
Ugh. Makes me feel like I'll be missing out on a real opportunity to invest.
You might be surprised to find that next week you can buy more bitcoins with your money than you can now. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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KorJax
Member
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Activity: 62
Merit: 10
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June 15, 2011, 07:43:48 PM |
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I'd love to buy, its a shame the entire process of buying takes over a week to process. Especially since the difficulty is about to increase.
I've not even done test-trades yet. I want to try trading just 1-2 bitcoins to see how it works and try and gain a small amount of day-trade cash before I do any serious investments, but when it takes over a week to clear and go through the whole process....
Ugh. Makes me feel like I'll be missing out on a real opportunity to invest.
You might be surprised to find that next week you can buy more bitcoins with your money than you can now. Why is that? People are saying it'll only go up, and with the difficulty increase I can see that happening. |
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Findeton
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June 15, 2011, 07:52:53 PM |
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You might be surprised to find that next week you can buy more bitcoins with your money than you can now.
Why is that? People are saying it'll only go up, and with the difficulty increase I can see that happening. Price does NOT follow difficulty. |
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KorJax
Member
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Activity: 62
Merit: 10
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June 15, 2011, 08:02:16 PM |
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You might be surprised to find that next week you can buy more bitcoins with your money than you can now.
Why is that? People are saying it'll only go up, and with the difficulty increase I can see that happening. Price does NOT follow difficulty. Well that still doesn't answer the question why I should hold off on buying for 7 days |
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Findeton
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June 15, 2011, 08:07:53 PM |
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You might be surprised to find that next week you can buy more bitcoins with your money than you can now.
Why is that? People are saying it'll only go up, and with the difficulty increase I can see that happening. Price does NOT follow difficulty. Well that still doesn't answer the question why I should hold off on buying for 7 days Right now it's easier to move the market down than rising the price. |
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KorJax
Member
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Activity: 62
Merit: 10
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June 15, 2011, 08:26:12 PM |
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How so? I'm no economics expert so I'm interested in knowing why.
Do you think the market WOULD be moved down? Just because it is easier for it to go down doesn't mean it does.
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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June 15, 2011, 08:36:50 PM |
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Calm before the storm. This is a great time to buy.
^^ This |
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