oda.krell
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Activity: 1470
Merit: 1007
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August 18, 2014, 11:59:28 PM |
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Looks like we got a breather for now. Not convinced this is over yet, though. Bearish me expects a low of around $380 within the next 2 weeks.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 18, 2014, 11:59:33 PM |
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ACAB
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August 19, 2014, 12:00:55 AM |
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Looks like we got a breather for now. Not convinced this is over yet, though. Bearish me expects a low of around $380 within the next 2 weeks.
That's very bearish. I don't think we will see sub-400 again.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2014, 12:02:35 AM |
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But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. the spread is not shocking... there has been alot of movement, whales on btc-e isn't so bullish, no very surprising or significant
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oda.krell
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Activity: 1470
Merit: 1007
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August 19, 2014, 12:02:47 AM |
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Looks like we got a breather for now. Not convinced this is over yet, though. Bearish me expects a low of around $380 within the next 2 weeks.
That's very bearish. I don't think we will see sub-400 again. It'd still be a (marginally) higher low compared to April, so, not the most bearish scenario conceivable, imo.
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N12
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Activity: 1610
Merit: 1010
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August 19, 2014, 12:02:59 AM |
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Daily candle closed. Daily RSI positive divergence confirmed. Should help the bounce. I don't think we will see sub-400 again.
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Newbie1022
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August 19, 2014, 12:03:14 AM |
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But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. The pump bots on Finex and Stamp are getting exposed. You have another exchange that is trading $30 off of you and there is close to zero volume and the price has jumped a steady 15 points. On the plus side, it makes it so that ever shorting the market will be a fools errand... which only reinforces upward pressure. Thus, once we confirm a bottom... the good times will roll!
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Newbie1022
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August 19, 2014, 12:06:30 AM |
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But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. the spread is not shocking... there has been alot of movement, whales on btc-e isn't so bullish, no very surprising or significant I am pretty sure that it is because fake exchange order bots can't or don't arbitrage. Hey, I am not picking on the bots... they'll make us money in the upswing... but if you ever have a question about there being fake exchange order bots throw away a small sum of money on Bitfinex in LTC... you can test and confirm the manipulation for yourself under $10.
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seleme
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Activity: 2772
Merit: 1028
Duelbits.com
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August 19, 2014, 12:06:32 AM |
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I'll be honest, I never felt more fear than today. I screwed most of my awesome net worth from March and looking it bleeding even more is frightening. I laughed all crashes before, even when I had nothing almost, but this time is diferrent as those old numbers are making me going through the mare, I was just one little step from dreams and now it looks far away Hopefully, that means time for reversal If you didn't lose coins I wouldn't worry a lot long term... if you did, this is problem x 2. Hm, yes and no. I took some losses, cashed out some but most are locked in bad alts/fees investment. I had 500 BTC at one point, I have 70 BTC available now, and probably 300+ locked in losing trades. Very losing trades, may I add So all, in all, I could collect maybe 150 btc max now, and not fast as I could crash some stuff to oblivion if I'd cash out :p. But honestly, there is only one investment that is bothering me. That was like 140 btc and now is at 30 max. I was cool with others going down, and kinda expected it after some time, but this one wasn't suppose to happen and I am angry on myself that I failed to went out on time when it did. I seriously couldn't care about bitcoin price if I had those 140 btc now, I'd be pretty fine with 200+ available btc. Yeah, I might be good in long term, it's the time between I am worried about, lol Sorry about your luck. Sounds like you just diversified your btc waaaayyyy too much, and into too many higher risk options. Something like that. Well.. easy come, easy gone, hopefully I'll recover to my highs again, or at least close to them
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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August 19, 2014, 12:19:42 AM |
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Wow, I'm about 20 pages behind but I wanted to post so I will know when I catch up, lol... This thread is always so much better when the price is moving. My greatest thanks to all those responsible for keeping the price as low as possible for as long as possible.
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Newbie1022
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August 19, 2014, 12:20:37 AM |
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Pump and dump #8567... this is why I stopped trading this. You have pump bots and a Junta of dumptards... in normal times these two forces level out towards a slow and steady rise. In high volume, though, you get whipsawed like a mother-----. Don't try to be too cute in your trading. Unless you are the guy who made the bots or part of the dumptard Junta, you will not outsmart either one of them in this type of volume. Let other people be sacrificial lambs.
Just play the obvious rises... the big picture trend. You end up getting 80% of the profit and it becomes a big free money give away. Do not be a degenerate gambler like I have been this week. Please don't do it.
NOTE: That doesn't necessarily mean you shouldn't buy now. We are at a historically good price. Don't lever up either way, though. You'll get uber burnt.
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Malin Keshar
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August 19, 2014, 12:26:21 AM |
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453 and still dumping.
How low will we go this night?
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2014, 12:28:09 AM |
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WOW serious dump-fest on stamp I've been sitting here biting my fingernails all day...buy or sell? do both
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2014, 12:29:56 AM |
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strong buys in the mists of many dumps
up again?
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Newbie1022
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August 19, 2014, 12:30:34 AM |
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WOW serious dump-fest on stamp I've been sitting here biting my fingernails all day...buy or sell? It's going down. Not a bad long-term investment right now. But, we'll retest the low... and probably, but not certainly, avoid setting of a cascade on BitFinex.
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knight22
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Activity: 1372
Merit: 1000
--------------->¿?
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August 19, 2014, 12:31:54 AM |
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I just replaced my bids lower. I'll see from there.
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edwardspitz
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August 19, 2014, 12:32:17 AM |
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strong buys in the mists of many dumps
up again?
Damn those hidden orders
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Newbie1022
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August 19, 2014, 12:32:59 AM |
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WOW serious dump-fest on stamp I've been sitting here biting my fingernails all day...buy or sell? I'd buy lower on this Elliot wave for those anxious to get back in the game. we are on the top of the wave right now... if you are conservative and don't want to miss a buying opportunity trying to guess the price, I'd throw a bid in at 450-455. That would be a solid bargain price long-term.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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August 19, 2014, 12:33:55 AM |
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Huge 462.9 hidden bid at Finex. Hundreds of coins bought so far.
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TheJuice
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August 19, 2014, 12:34:10 AM |
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buy when everyone else is afraid. Adding to my position here.
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