Geist
Member
 Offline
Activity: 70
Merit: 10
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May 07, 2013, 02:32:49 AM |
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Bulls, any last words?
We choose the Moon, not because it's easy, but because it is hard. Haha, I'm going to use that as my sig if you don't mind. |
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Frozenlock
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May 07, 2013, 02:34:29 AM |
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It doesn't work in a signature...  |
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SlipperySlope
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May 07, 2013, 02:35:44 AM |
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I love sitting on the sidelines with my bitcoins just watching the madness. The debating, the speculation, the sob stories and the cheers. So glad I'm not fighting the market right now.
That, dollar cost averaging, and automated market making are the only trading methods I recommend in this market. Would you care to share your trading rules for automated market making? |
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Geist
Member
Offline
Activity: 70
Merit: 10
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May 07, 2013, 02:36:46 AM |
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It doesn't work in a signature... Fixed. |
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Frozenlock
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May 07, 2013, 02:37:23 AM |
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I didn't say that! He did!  |
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Frozenlock
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May 07, 2013, 02:41:26 AM |
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Eating the $106 wall! Brace yourselves!
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SlipperySlope
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May 07, 2013, 02:44:57 AM |
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So I don't usually draw lines on a chart... but I am bored and it seemed like fun.  Alright, chart mystics, tell me the significance of this channel!  The top trend line touches more times and thus has more significance when understanding the trend. |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1006
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May 07, 2013, 02:46:42 AM |
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But what happens when the upper blue line collides with the lower blue line?  Total protonic reversal. Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light. |
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Acidman
Newbie
Offline
Activity: 24
Merit: 0
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May 07, 2013, 02:49:56 AM |
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So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open. Theoretically it looks like a time to buy but TA and the order book make me feel otherwise
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SlipperySlope
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May 07, 2013, 02:54:57 AM |
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 Interesting downtrend that could be a part of new multi-leg strike towards $80. |
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MickeyT2008
Sr. Member
Offline
Activity: 350
Merit: 250
This account was recently hacked
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May 07, 2013, 02:59:21 AM |
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So do you guys think the bad news about government intervention is going to overpower the good news from china combined with the increase in funds now that banks are open. Theoretically it looks like a time to buy but TA and the order book make me feel otherwise
It can take nearly two days to get your money into Mt.Gox, and that's sending it from a British bank, I have no idea how long it takes to get it through from a Chinese bank. My money didn't arrive in my Mt.Gox account until the close of business in Japan the following day. Obviously although it'll be nice if prices skyrocket that doesn't mean that it'll definitely happen - or that it won't of course. I'm just going to wait and see, that's all I can do anyway but my funds are now mostly in BTC so if it does, then me and my half a satoshi are ready for it! |
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just1nmc
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May 07, 2013, 03:02:23 AM |
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Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this Also btc $ 104 $102 with 1m lag  |
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Ares
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May 07, 2013, 03:02:42 AM |
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Dump city bitch, dump dump city bitch
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UltimateReaper
Newbie
Offline
Activity: 56
Merit: 0
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May 07, 2013, 03:03:58 AM |
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Even I'm surprised by today. It's going down. I wonder if we'll breach 100 by the days end.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 07, 2013, 03:04:34 AM |
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Shit happens..
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wiak2
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May 07, 2013, 03:04:44 AM |
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Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this
Also btc $104 with 1m lag
Probably because their prices are based on pure speculation, while bitcoin does have some utility. Thus when a drop happens, confidence is lost without fundamentals to rely on, making for much more volatility. |
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mccorvic
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May 07, 2013, 03:06:05 AM |
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Right in the gonads  |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 07, 2013, 03:06:25 AM |
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Interesting that every single alt coin on btc-e has fallen significantly today. They usually follow bitcoin to some extent but not like this
Also btc $104 with 1m lag
Probably because their prices are based on pure speculation, while bitcoin does have some utility. Thus when a drop happens, confidence is lost with not fundamentals to rely on, making for much more volatility. They are purely speculative but let's not kid ourself - bitcoin is not far from that |
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ChartBuddy
Legendary
Offline
Activity: 1946
Merit: 1642
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 07, 2013, 03:07:08 AM |
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SlipperySlope
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May 07, 2013, 03:09:12 AM |
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Volume picking up on this downtrend.
If anybody cares, I cancelled my highest outstanding bid at $95 and moved it to join another lower existing bid as part of a spread of bids should this downtrend indeed make a strike for $80. I now believe that a retracement from a retest of $80 might not get as high as the last one did.
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