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fitty
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May 25, 2013, 12:04:38 PM |
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Well that was unexpected.
Not really. I sold all mine last night. Same here. Long weekend in the USA, end of the month, things don't pick up until Tuesday. |
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wonkytonky
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May 25, 2013, 12:08:19 PM |
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price will probably go a little bit(127-128) more down during the weekend.. no big problem realy.. iz a beartrap :-) and lucky for me i have some bids to be filled so.. please keep on selling weakhands  |
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samson
Legendary
 Offline
Activity: 2097
Merit: 1068
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May 25, 2013, 12:08:52 PM |
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Well that was unexpected.
Not really. I sold all mine last night. Same here. Long weekend in the USA, end of the month, things don't pick up until Tuesday. Long weekend in UK as well with a holiday on Monday. I wonder if that means more trading or less as people aren't at work. Also any incoming (to MtGox) bank wires should be processed on Monday in Japan as normal as it's not a holiday there. |
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kickinyou
Member
Offline
Activity: 93
Merit: 10
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May 25, 2013, 12:18:34 PM |
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Well that was unexpected.  Irony ? |
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fitty
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May 25, 2013, 12:22:28 PM |
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Long weekend in UK as well with a holiday on Monday.
I wonder if that means more trading or less as people aren't at work.
Also any incoming (to MtGox) bank wires should be processed on Monday in Japan as normal as it's not a holiday there.
I've never liked weekends or holidays on the exchanges. I'm sure someone can go run the numbers to see if the weekends are actually worse, but it seems that way to me. I also don't like the end of the month, but I'm fairly sure someone disproved that.  |
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Geist
Member
Offline
Activity: 70
Merit: 10
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May 25, 2013, 12:24:35 PM |
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The obvious question now: what are LR users going to transact with instead? And how many people had money sitting on LR. Seems like a fairly big deal. Without Dwolla, I'd imagine LR was a fairly big chunk of Gox deposits. Surprised no one is talking about this, they were down all day Friday. Maybe not that many people used LR. Wow this is HUGE big shitz, LR is a gigantic washing machine with millions transiting, many exchange business that deals with LR also do bitcoin, like Aurumxchange. Expect big Losses due to this shutdown for whole digital currency community. Well BTC is Monopoly now , heck i'm turning ubber bull, i'm holding btc for long, to hell with short term trading. What do you mean, "BTC is Monopoly now"? Bitcoin is anything but a monopoly. I don't get it. Sounds to me like he was referring to the boardgame 'Monopoly'.  |
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ardana123
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May 25, 2013, 12:25:38 PM |
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Well that was unexpected. Irony ? more like stupidity |
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sohd
Newbie
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Activity: 42
Merit: 0
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May 25, 2013, 12:33:42 PM |
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Bitcycle
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May 25, 2013, 12:34:28 PM |
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Well, i don't think it was unexpected at all, in fact i was expecting some bear greed. A lot of people just sell to rebuy cheaper, all short term bears here are just long term bulls.
I wish someone push the price to 1000$ spending 20mil$ in one move after a severe dump, lefting all bears that sell back at 128$ with no coins to purchase at Gox.
It was completely expected, the only surprise was that it didn't happen sooner. I think someone overplayed their hand pushing down to 128.3 though. We'll see, but I think that the bottom for the weekend won't be much lower than that. |
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samson
Legendary
Offline
Activity: 2097
Merit: 1068
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May 25, 2013, 12:35:19 PM |
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Well that was unexpected. Irony ? It looks exactly like one of those 'cup and handle' things only inverted. An inverted cup and handle on the H1 chart. I'm not really one to study the charts in too much detail, does it mean anything ? |
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EuroTrash
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May 25, 2013, 12:35:56 PM |
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I think the Liberty Reserve news is a big deal.
LRUSD was the virtual currency of choice for a lot of shady or barely legal businesses.
I estimate a few TENs of millions LRUSD are now suddlenly useless.
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Frozenlock
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May 25, 2013, 12:37:52 PM |
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Small rebound before we head back down?
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Frozenlock
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May 25, 2013, 12:43:16 PM |
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Yeah, I will haunt your dreams. |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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May 25, 2013, 12:43:42 PM |
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Watch out, don't get caught into a bear trap.  |
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damnek
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May 25, 2013, 12:45:03 PM |
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I think the Liberty Reserve news is a big deal.
LRUSD was the virtual currency of choice for a lot of shady or barely legal businesses.
I estimate a few TENs of millions LRUSD are now suddlenly useless.
I find it amusing that the price is heading south for the short term. This is major bullish news IMO. |
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aepfel
Member
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Activity: 83
Merit: 10
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May 25, 2013, 12:51:17 PM |
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Well that was unexpected. Well, i don't think it was unexpected at all, in fact i was expecting some bear greed. A lot of people just sell to rebuy cheaper, all short term bears here are just long term bulls. I wish someone push the price to 1000$ spending 20mil$ in one move after a severe dump, lefting all bears that sell back at 128$ with no coins to purchase at Gox. right. imho that fiat-profit-bears are really hurting btc-economy. :-/ |
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fitty
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May 25, 2013, 01:05:13 PM |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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May 25, 2013, 01:20:51 PM |
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Interesting how Bitstamp isn't too bothered right now. Pretty steady at $128 now, smallest gap with MtGox in weeks.
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