BitPirate (OP)
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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April 16, 2013, 07:09:19 AM |
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... I know, I'll sell at $50.  Get your shit together people. |
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zif33rs
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April 16, 2013, 07:13:54 AM |
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Looks like you just got your chance. wtf is going on? why is it still failing? fucking traders. |
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astutiumRob
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April 16, 2013, 07:16:07 AM |
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why is it still failing?
Supply vs Demand vs Confidence When there are people "cashing out" price goes down - just because it's not a Fiat Currency doesn't mean it doesn't work much the same way... |
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M4v3R
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April 16, 2013, 07:17:53 AM |
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It's simple, really. Bitcoins were WAY overbought:  And the ALL markets follow a simple rule - price always overshoots the target. So when we were overbought for a long time and correction finally came, it overshoot the target to the bottom. Now what is the target price - that is the million dollar question. My take is that currently its $50, which means we'll see $30's in the coming days. |
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Malawi
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Activity: 224
Merit: 100
One bitcoin to rule them all!
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April 16, 2013, 07:33:37 AM |
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You might be right, but I would rather place it in the $20-30 range.
We might see single digits.
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BitCoin is NOT a pyramid - it's a pagoda.
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wobber
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Activity: 1064
Merit: 1001
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April 16, 2013, 07:35:20 AM |
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You might be right, but I would rather place it in the $20-30 range.
We might see single digits.
And after that what? |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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lemonginger
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Activity: 210
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firstbits: 121vnq
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April 16, 2013, 07:35:56 AM |
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I have lots of buy orders very close to being triggered, but I'm thinking of pulling them out. Thought it would be after weeks of bouncing around and sliding, not a steady ride straight down. I honestly have 0 prediction whether this will go to 40s or to single digits, could be either at this point. Almost a half million bitcoins traded today...so much volume on the downside...
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freedomno1
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Learning the troll avoidance button :)
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April 16, 2013, 07:51:23 AM |
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Waiting for the adjustment but the bubbles just slimming a bit more probably a few more days to 2 weeks till we hit the actual bottom not false one
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Believing in Bitcoins and it's ability to change the world
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shivansps
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April 16, 2013, 08:05:59 AM |
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i see bots keeping both BTC/USD and LTC/USD on BTC-E always higher than in gox, when it was at 50 at gox then jumped in all of a sudden to 54, on BTC-E jumped from 52 BTC / 1.3 LTC to 57 BTC / 1.7 LTC at the same time.
Its all manipulation.
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xorglub
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April 16, 2013, 08:11:39 AM |
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i see bots keeping both BTC/USD and LTC/USD on BTC-E always higher than in gox, when it was at 50 at gox then jumped in all of a sudden to 54, on BTC-E jumped from 52 BTC / 1.3 LTC to 57 BTC / 1.7 LTC at the same time.
Its all manipulation.
Or arbitrage. It's funny to see the arbitrage bots rush in after a sudden price movement on Gox. |
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shivansps
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April 16, 2013, 08:21:46 AM |
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yes but they always keeped the price on BTC-E lower than gox, and even with LTC trading in USD too, it has been at 80/1.4 and so, now they are keeping the price on BTC-E higher than gox, and tied up LTC/USD to it too, something changed.
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Malawi
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One bitcoin to rule them all!
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April 16, 2013, 08:33:12 AM |
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You might be right, but I would rather place it in the $20-30 range.
We might see single digits.
And after that what? Hopefully a slow and steady rise that says "have confidence in BTC" |
BitCoin is NOT a pyramid - it's a pagoda.
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ruski
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April 16, 2013, 10:16:34 AM |
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a slow and steady rise
BTC If we should take this past couple of weeks, and 2011 as predictive, I'm starting to doubt BTC will be capable of such a thing. Outside its currency uses, it seems to be a vehicle of raw speculation and a study in human crowd behaviour with nothing tying it down or forcing it up. BTC is truly worth what everybody thinks it's worth.  |
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chrsjrcj
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April 16, 2013, 11:03:47 AM |
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Someone was willing to buy at $266 too. I don't think that worked out for him.
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cbeast
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Let's talk governance, lipstick, and pigs.
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April 16, 2013, 11:11:41 AM |
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You might be right, but I would rather place it in the $20-30 range.
We might see single digits.
And after that what? Hopefully a slow and steady rise that says "have confidence in BTC" I don't think it is about confidence in Bitcoin, but confidence that a trade will go through at the price you want and not get lagged out. This price drop is a vote of no-confidence against mt gox. Either they need to fix it or quit offering the ability to trade and just become brokers like coinbase. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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ManBearPig
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April 16, 2013, 11:35:46 AM |
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... I know, I'll sell at $50. Get your shit together people. There's an awful lot of people in your term 'people'. It's almost as if they're...acting independently. How odd. |
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Zaih
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April 16, 2013, 01:12:33 PM |
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I was thinking the exact same thing haha.
Bitcoin yay!11
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b!z
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April 16, 2013, 01:30:54 PM |
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You might be right, but I would rather place it in the $20-30 range.
We might see single digits.
And after that what? Zeroes. |
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BitSlut69
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April 16, 2013, 01:33:04 PM |
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Nobody is expecting to see support at $50? I want to buy a few more BTC while it is low. Just waiting to see how low it will go I suppose. Wondering if I should put a limit buy at $51 or just wait for an even lower price.
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Luckybit
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April 16, 2013, 02:09:42 PM |
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... I know, I'll sell at $50. Get your shit together people. It's a buyers market right now. |
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