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humanitee
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July 30, 2013, 09:38:22 PM |
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Bitstamp hasn't stopped following MtGox's lead (with a spread), so it's safe to say that people are viewing MtGox's price as "real". As someone speculating on MtGox, say MtGox suddenly opened their valves and the withdrawal backlog is cleared within a week, I think there's a good chance for the bull trap to still play out. Maybe stunted. And if MtGox doesn't fix it, the spread will just stay even or increase.
Maybe if they bull trap hard enough Gox will let them in the rumored 5+ digit priority queue  . edit: At 6 digits I hear Mark throws in a free exercise ball. |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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hlynur
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July 30, 2013, 09:43:27 PM |
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Forget about the news, they don't matter. We're going up because the charts are looking good.
i wouldn't say that news don't matter. From time to time they play an important role for herding behaviour. Often it's like some tension building up and being suddenly released by some big whale moving his fin. Not too long ago market sentiment was very bearish because of the whole regulatory question in the news. |
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N12
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July 30, 2013, 09:48:19 PM |
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The thing is that people choose to blend in and blend out and interpret the news based on what price action the market has been in, not based on the news themselves.
Also, price actually causes news or events or a suited environment. Think about it.
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David M
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July 30, 2013, 09:50:26 PM |
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Weekly....  |
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ElectricMucus
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July 30, 2013, 09:50:58 PM |
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Forget about the news, they don't matter. We're going up because the charts are looking good.
i wouldn't say that news don't matter. From time to time they play an important role for herding behaviour. Often it's like some tension building up and being suddenly released by some big whale moving his fin. Not too long ago market sentiment was very bearish because of the whole regulatory question in the news. They don't matter in this case, being the potential to return to the 200s. This can happen based on the charts alone. |
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gog1
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July 30, 2013, 09:55:52 PM |
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Did gox just crashed, nothing's coming through the websocket
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N12
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July 30, 2013, 09:56:42 PM |
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80k BTC on the book. Decimate, and onward with the positive feedback loop! |
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tarmi
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July 30, 2013, 09:57:53 PM |
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I'm bullish.
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MoreFun
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July 30, 2013, 09:59:56 PM |
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Did gox just crashed, nothing's coming through the websocket
Yes for ten minutes. |
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BitAddict
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July 30, 2013, 10:14:09 PM |
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Here we go again  |
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adamstgBit
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July 30, 2013, 10:25:36 PM |
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Price move confirmed! Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago this is it, we are officially on an up trend |
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Frozenlock
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July 30, 2013, 10:28:58 PM |
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Price move confirmed! Cavirtex saw a volume surge shooting the price 12$ higher than it was 15 mins ago this is it, we are officially on an up trend would be the time for your bullish prediction! |
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ElectricMucus
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July 30, 2013, 10:29:32 PM |
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180 in..
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ShroomsKit
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July 30, 2013, 10:33:30 PM |
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I agree with you that this bull trap is probably sponsored by MtGox's incompetence. However, I see a slim chance that MtGox will fix everything and send everybody their money before the move I'm looking for occurs. The actual problem here is that people still believe MtGox's price is real, and not just a devaluation of the mtgoxUSD. So when mtgoxUSD gets further devalued, people think it's a rally and buy on Bitstamp. That's just the environment we have to deal with.
And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.
How long will this bull trap last? Please tell us more because you seem to know it all. |
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N12
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July 30, 2013, 10:41:33 PM |
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You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
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hlynur
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July 30, 2013, 10:42:38 PM |
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 sooner than you'd expect it |
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ShroomsKit
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July 30, 2013, 10:49:43 PM |
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You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
Did it occur to you you made ridiculous claims and were wrong 3 times in a row. How the hell is it possible you completely ignore this and just go on with your claims while its clear you know absolute shit all? How does one do that? Don't you feel even a little bit stupid? Is there nothing inside you that says maybe i should stop acting like i know what Bitcoin will do because i don't? Don't you have any shame whatsoever? |
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byronbb
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July 30, 2013, 10:50:16 PM |
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byronbb
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HODL OR DIE
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July 30, 2013, 10:51:30 PM |
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You should probably let go, it's not good for ones health to be passive aggressive all the time. If you think it's not possible to profitably trade in the longer term (ie have an edge), I'm not sure why you're so drawn to speculation at all.
Noone's claimed he's a Cassandra. Trading is a game of probability combined with your profit/loss on each trade. Believe it or not, you can be wrong most of the time and still make money.
Did it occur to you you made ridiculous claims and were wrong 3 times in a row. How the hell is it possible you completely ignore this and just go on with your claims while its clear you know absolute shit all? How does one do that? Don't you feel even a little bit stupid? Is there nothing inside you that says maybe i should stop acting like i know what Bitcoin will do because i don't? Don't you have any shame whatsoever? He made millions the 1 time he was right and lost only 10cents the other hundred times. |
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