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Kazu
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August 02, 2013, 03:15:53 AM |
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A chart from the future  (Arrow indicates current location) |
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Voodah
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August 02, 2013, 03:19:45 AM |
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I'll just leave this here:  i never understood why people believe that bitcoin price is a bubble in the first place and not normal price fluctuations in a free and unregulated market. Especially after 2011 so called "bubble" when no one know what will happen next and now we know that bitcoin wont simply die next day. I and I think many others just bought bitcoins, keep them in safe place, and remain optimistic because we believe its good concept and worth investing. Where is bubble in that? I think you need to look for the definition of a bubble. Bitcoin bubbles are textbook examples of economic bubbles. This does not mean anything bad in and of itself. Every free market that is exposed to occasional hype, growth spurts, volatility and promising futures will undoubtedly go through one or several bubbles before it reaches any kind of price stability. Except that they've "popped" "down" to 5-10 times the pre-bubble price... this a very important difference. That's all post-bubble TA. The bubble has, by then, burst. There's this guy Didier Sornette, who's working on bubble prediction algorithms with his team, the Financial Crisis Observatory in the ETH in Zurich. They are actively predicting bubbles as we speak, putting the predictions in encrypted files to be released 6 months later when/if the asset has popped. One of these predictions was the April bubble... Obviously, the algo is not disclosed, but he claims one if it's main indicators when observing an asset is the passage from linear (basically fundamental value driven) to exponential growth (spec/hype driven). Of course, if I would merely base my trading on this alone, I would have to short every time big news come out, but hey.. it's something to consider.. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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August 02, 2013, 04:24:59 AM |
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Wow, CampBX is $88.
Sellers there will regret it if a whale doesnt come in soon. They sure have a steady finger for holding off this long, if they have any intents to sell...
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Wagner2014
Member
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Activity: 84
Merit: 10
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August 02, 2013, 04:45:13 AM
Last edit: August 02, 2013, 06:06:08 AM by Wagner2014 |
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Will we breach 100 on today's candle?
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 02, 2013, 05:21:03 AM |
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Will be breach 100 on today's candle?
seller are not going to take down the wall that is pushing bids higher. i think at this point seller are patience not panicked  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 02, 2013, 05:21:41 AM |
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oh oh 103 again  |
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randrace
Sr. Member
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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August 02, 2013, 06:10:41 AM |
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I'll just leave this here:
Hey, put your chart in the appropriate thread. |
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phorensic
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August 02, 2013, 07:24:58 AM |
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Wow, CampBX is $88.
Sellers there will regret it if a whale doesnt come in soon. They sure have a steady finger for holding off this long, if they have any intents to sell...
Are you high? The 24 hour low on CampBX is 96.00. Put your contacts back in. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2013, 08:01:22 AM |
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Traktion
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August 02, 2013, 08:28:10 AM |
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Not only has the gap between MtGox and Bitstamp increased to about $10 again, but the order book is starting to look like a mirror image. MtGox:  Bitstamp:  It appears that Bitstamp is far more bearish than MtGox. This is surely a reflection on people trying to buy BTC to get out of MtGox? I suspect Bitstamp is leading the market now too, which makes me wonder whether the 95 support level is about to give way. |
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vokain
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Activity: 1834
Merit: 1019
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August 02, 2013, 08:43:16 AM |
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Not only has the gap between MtGox and Bitstamp increased to about $10 again, but the order book is starting to look like a mirror image. MtGox: Bitstamp: It appears that Bitstamp is far more bearish than MtGox. This is surely a reflection on people trying to buy BTC to get out of MtGox? I suspect Bitstamp is leading the market now too, which makes me wonder whether the 95 support level is about to give way. or more people able to sell on Bitstamp? Conversely, the fear of selling on MtGox is what is keeping selling pressure suppressed there |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2013, 09:00:57 AM |
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lebing
Legendary
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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August 02, 2013, 09:49:37 AM |
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fuck it.
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vokain
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Activity: 1834
Merit: 1019
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August 02, 2013, 09:50:30 AM |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2013, 10:01:04 AM |
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StarenseN
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Activity: 2478
Merit: 1362
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August 02, 2013, 10:43:02 AM |
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I think that mid-term trend has confirmed its reversal. 2013(/2014) will likely welcome new ATH.  (click to enlarge) |
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solex
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Merit: 1002
100 satoshis -> ISO code
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August 02, 2013, 10:52:22 AM
Last edit: August 02, 2013, 11:04:05 AM by solex |
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Yes. I was watching it at the time. The sellers dried up and 700 appeared as a high bid which was only lightly touched and put a floor under the market as it started up. And that point where the market appeared to make a major directional change was a crossover noted by Goomboo: |
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ChartBuddy
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Activity: 2156
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2013, 11:00:56 AM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 02, 2013, 12:01:05 PM |
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Its About Sharing
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Activity: 1442
Merit: 1000
Antifragile
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August 02, 2013, 12:35:50 PM |
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Not only has the gap between MtGox and Bitstamp increased to about $10 again, but the order book is starting to look like a mirror image. MtGox: Bitstamp: It appears that Bitstamp is far more bearish than MtGox. This is surely a reflection on people trying to buy BTC to get out of MtGox? I suspect Bitstamp is leading the market now too, which makes me wonder whether the 95 support level is about to give way. or more people able to sell on Bitstamp? Conversely, the fear of selling on MtGox is what is keeping selling pressure suppressed there I would really like to know the story on Gox. Are people getting their money out yet? If they aren't is that reflective of BTC? If so, by how much? What is the latest on people getting their money out? We are passed the 2 week period to get caught up that followed the first 2 week period of no US transfers out of Gox, right? They better get this straightened out soon, or the shit is eventually gonna hit the fan. Luckily, the economic situation is worsening, the gold hedges will need to be covered, etc. So, lots of money is probably going to start to come into BTC. Being above 100 (with some stability) is probably going to do a lot for us. (Catch the train). |
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