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Walsoraj
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September 24, 2013, 07:19:37 PM |
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Bitcoin is dead.
-Walsietzsche
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Walsoraj
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September 24, 2013, 07:24:45 PM |
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I'm looking at weekly volume on mtGox (in BTC)
Last week it has been the week with the lowest volume since the week of Jun 20 2011. And that was the week with the hack and mtGox being offline for 4.5 days. LOL.
Low volume is a good set up for a breakout, no? In bitcoin (and virtually every speculative market) low volume with stagnant or slowly rising price almost always means heavy manipulation. Breakout? Depends on what the whales are plotting. |
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gizmoh
Legendary
 Offline
Activity: 1428
Merit: 1000
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September 24, 2013, 08:19:12 PM |
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I'm looking at weekly volume on mtGox (in BTC)
Last week it has been the week with the lowest volume since the week of Jun 20 2011. And that was the week with the hack and mtGox being offline for 4.5 days. LOL.
Low volume is a good set up for a breakout, no? In bitcoin (and virtually every speculative market) low volume with stagnant or slowly rising price almost always means heavy manipulation. Breakout? Depends on what the whales are plotting. The whales won't plot to sell on a dysfunctional brokerage firm, big holders unwilling to sell on Gox, diminishing coins available on orderbook equals higher prices, manipulation on a flawed market is not really manipulation.. Low volume means low fees and less income for Gox. |
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herzmeister
Legendary
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Activity: 1764
Merit: 1007
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September 24, 2013, 09:33:49 PM |
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TEH WALLLLLS!!1!
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xxjs
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September 24, 2013, 09:35:04 PM |
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Back above the monthly average - at last. Walls? No walls.
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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September 24, 2013, 09:38:42 PM |
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TEH WALLLLLS!!1!
awww, aggro kitty is totes adorbs!!! |
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hd060053
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September 24, 2013, 09:43:39 PM |
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Bitcoin is dead.
-Walsietzsche
No, it is frozen until gox either goes insolvent or pays withdrawals. No withdrawal --> no big sells incoming. also no deposits --> no big buys. bitstamp is not big enough to make action. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 24, 2013, 09:54:55 PM |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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September 24, 2013, 10:56:28 PM |
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I'm looking at weekly volume on mtGox (in BTC)
Last week it has been the week with the lowest volume since the week of Jun 20 2011. And that was the week with the hack and mtGox being offline for 4.5 days. LOL.
Low volume is a good set up for a breakout, no? Yeah, that's right. A breakout. On the 3 day chart it does look like a base is forming for a massive breakout, both on Bitstamp and MtGox. There is no unease that the market is overvalued at this level, like there was a few months back. |
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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September 24, 2013, 11:08:12 PM |
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The cake is a lie.
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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September 24, 2013, 11:18:47 PM |
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From watching the wall movement, it looks like we may well be heading north.
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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September 24, 2013, 11:24:30 PM |
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Meh, first it's time for the Bitcoin market to equalize again. The two main exchanges being >5% apart for such a long time is very bad. I don't know what the current price is  |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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September 24, 2013, 11:45:00 PM |
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Just thought I'd come here to zzzzzzzzzzz
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chufchuf
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September 24, 2013, 11:59:05 PM |
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TEH WALLLLLS!!1!
dude, thats one of those wild cats some western morons try to domesticate, right... do you have the original video? |
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hlynur
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September 25, 2013, 12:40:15 AM |
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TEH WALLLLLS!!1!
dude, thats one of those wild cats some western morons try to domesticate, right... do you have the original video? sorry for OT, but i think it's an egyptian mau  quite a rare natural breed, only 6800 registered since 2006  http://en.wikipedia.org/wiki/Egyptian_Mau |
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CMMPro
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September 25, 2013, 12:51:22 AM |
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We had a purebread Mau up until he passed away this year!
Funny to see people here talking about one...
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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September 25, 2013, 01:18:38 AM |
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A little late night rally...
Wall at $135 re-positioning on the other side of the border.
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hlynur
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September 25, 2013, 01:30:37 AM |
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We had a purebread Mau up until he passed away this year!
Funny to see people here talking about one...
i just scrolled through a lot of catpics and found just one existing breeder in my country. (it must be really very rare to find) that's the most elegant and beautiful race I've ever seen. sorry for your loss, must haven been an interesting experience having such an animal by your side... ...what am I doing here - i am talking about cats in the wallobserver thread....i have to delete this stuff tomorrow ehm I meant....1h chart looks quite bullish, inverse hammer forming.... time to rally a bit up and test 140 again  i hope this sounded kind of right |
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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September 25, 2013, 01:54:24 AM |
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we've got an exponential rise "bubble" in mining hash rate forming http://blockchain.info/charts/hash-rate. So blocks are being produced too often, every 7 minutes on average instead of every 10. This is causing extra coins to to be minted and presumably some of those enter the marketplace. Yet the price is flat or trending upwards. So maybe 30% more coins then normal are being eaten by this "dead" market. I haven't bothered to quantitatively calculate it. So what's gonna happen when the bubble "pops" and hash rate flatlines or even descends?  |
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Walsoraj
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September 25, 2013, 02:09:14 AM |
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I don't understand why anybody would want a Mau. They are vicious, like a panther/tiger/lion in small cat form.
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