Wekkel
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yes
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August 30, 2013, 09:56:56 PM |
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Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty.
Very risky indeed but also an excellent opportunity. |
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Walsoraj
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August 30, 2013, 09:58:07 PM |
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Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty.
Very risky indeed but also an excellent opportunity. Good luck calling the top. it will turn on a dime and may crumble a lot faster than before |
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MAbtc
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August 30, 2013, 10:01:27 PM |
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ya mtgox had more market share back them
they have been losing market share ever since may.
I get it. It's just that you only showed Bitstamp...... which really doesn't say much about volume in April. |
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ChartBuddy
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August 30, 2013, 10:02:04 PM |
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Miz4r
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Merit: 1000
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August 30, 2013, 10:05:39 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please  Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen. So you're saying that trading volume on MtGox has gone down since April? Gosh who would have thought that after all the Gox screw ups since then? This is really big news to us all... Volume going down and price going up based almost solely on mega whale buys interrupted by days or even weeks of almost no volume is a terrible sign for most stocks. This shit happens all the time in scammy penny stocks. Whales left holding the bag trying to exit. It is not pretty. You're clearly panicking, and that's okay because that means more profit for me.  The whales left behind with loads of fiat on Gox have nobody to blame but themselves for this, you all knew the issues MtGox were having and what the risk was. You could have gotten out earlier, but no you whales refuse to give other exchanges a chance and wanted to stay on a sinking ship. Well have fun and hang in there, maybe wishful thinking will make people sell their bitcoin to you for single digits one day on Gox. Wouldn't count on it though.  |
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telemaco
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August 30, 2013, 10:24:21 PM |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please Volume was far more substantial in april. Any given day was typically over 100k. We peaked over 550k. March and Feb were also way more active, I'd say 50-100k, avg day. This is more or less correct. Volume in April at this price level blows current volume out of the water. Not much panic buying to be seen.  great picture ! So it is just volume moving to bitstamp and others from gox, but not selling or the difference between gox and bitstamp would be bigger and not reducing. is this correct? Also there are way more exchanges now than before. And just the chinese market is bigger than btc-e walsoraj you are just frightened https://www.youtube.com/watch?feature=player_embedded&v=zZGNk8pUj4Y#t=21 |
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Walsoraj
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August 30, 2013, 10:39:07 PM |
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Fuck off, i am a bundle of pure logic.  |
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telemaco
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August 30, 2013, 10:45:51 PM |
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Fuck off, i am a bundle of pure logic. come on, in that case you would be already using the other photo and name. This does not make sense! |
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ChartBuddy
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August 30, 2013, 11:02:11 PM |
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vps15
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Gain more btc! https://satoshicircle.com/?aid=1718
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August 30, 2013, 11:39:14 PM |
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why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
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joesmoe2012
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August 30, 2013, 11:43:25 PM |
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I think the price is very much not accurate of the actual market right now due to cash flow problems at mtgox (not saying they are necessarily broke, but not being able to send out more than 10 wires a day is a cash flow problem by very definition).
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byronbb
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Activity: 1414
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HODL OR DIE
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August 30, 2013, 11:48:26 PM |
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why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
Not sure. It's obvious someone is buying big so there is no reason to sell now. |
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adamstgBit
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Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 11:52:08 PM |
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why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
price is going up to fast. whale's are buying only to dump coins elsewhere. the news everywhere will NOT bring in new people and $. mtgox is insolvent, yet they will soon announce that they will process withdrawals faster and this price will crash.  is their more? |
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telemaco
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August 31, 2013, 12:00:54 AM |
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Bitcoin-friendly Internet Credit Union suddenly dumps account, citing "regulatory issues" http://www.theverge.com/2013/8/30/4675908/internet-archive-credit-union-dumps-bitcoin-accounts-citing-regulatory-issuesand from Internet Credit Union Rocky Road is still one of my favorite flavors
By Jordan on August 29th, 2013
Starting three months ago we have enjoyed serving some individuals and companies involved in bitcoin that are within our field of membership. While exciting, this has also been during a period of increased interest from the press, regulators, and other financial services entities that make up the financial community. In doing this, certain operational and regulatory issues came up including some that apply to new credit unions like ours.
Our credit union has worked within the evolving regulatory environment, which has not always been easy. This is a long not a short road and sometimes with detours. Until we have further clarity, we are unable to service some of our corporate members.
On a positive note, we are finding all involved are interested in a stable environment for bitcoin and other innovative technologies. https://internetcreditunion.org/uncategorized/rocky-road-is-still-one-of-my-favorite-flavors/ |
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ChartBuddy
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Activity: 2184
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August 31, 2013, 12:02:07 AM |
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byronbb
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Activity: 1414
Merit: 1000
HODL OR DIE
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August 31, 2013, 12:05:27 AM |
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why does the majority think that the short term price of btc is going to go down? the the price was around $110 it seems to me like people are thinking that the price will be going down, however it keeps rising due the the whale buys. why would this stop? why would lots of people sell?
price is going up to fast. whale's are buying only to dump coins elsewhere. the news everywhere will NOT bring in new people and $. mtgox is insolvent, yet they will soon announce that they will process withdrawals faster and this price will crash. is their more?  |
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Walsoraj
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August 31, 2013, 12:07:18 AM |
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I'm noticing an interesting phenomenon where positive news = dump btc for fiat (more likely you will be able to get your fiat off exchange later) and negative news = panic buy bitcoin (fiat might get locked on exchange for various reasons). This is pure insanity.
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telemaco
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August 31, 2013, 12:11:54 AM |
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I'm noticing an interesting phenomenon where positive news = dump btc for fiat (more likely you will be able to get your fiat off exchange later) and negative news = panic buy bitcoin (fiat might get locked on exchange for various reasons). This is pure insanity.
like gold? Satoshi would not have invented bitcoin without 2008 crisis. He wrote some comments on the blockchain about it Insanity is the financial system we have. Bitcoin is sanity. |
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ag@th0s
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August 31, 2013, 12:18:41 AM |
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die bulls, die. just die.  MOO! |
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Cablez
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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August 31, 2013, 12:21:07 AM |
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I don't think the idea of whales buying to get money off of Mt. Gox is really what is going on. This is very structured, with protective walls keeping the price elevated for more pre-determined buys. That does not sound like someone who is looking to buy lots of BTC and pull out. You also do not see decreasing prices anywhere else for these coins. This is something else entirely. What I am not sure but someone knows something.
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