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zoinky
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June 04, 2013, 04:43:38 AM |
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Some people are buying at current price (~$123.5) , while the bids are almost non-existent until $120?!  Some people need bitcoins to buy goods, they don't have time to wait for a few cents off. Is it possible the bitcoin economy (ie actual demand) is what is pushing the price up after these massive dumps? Doubt as much as we'd like. |
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IG0BR0KE
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Activity: 56
Merit: 0
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June 04, 2013, 04:56:37 AM |
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Frozenlock
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June 04, 2013, 05:01:40 AM |
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Would you mind drawing on the chart? I don't really see a flag or pennant.  |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 04, 2013, 05:02:00 AM |
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lucas.sev
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June 04, 2013, 05:03:44 AM |
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So how does reversal of trend look like? |
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lucas.sev
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June 04, 2013, 05:07:25 AM |
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Would you mind drawing on the chart? I don't really see a flag or pennant. I think he means the flag after the drop with heighs at 122 and 124 |
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Frozenlock
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June 04, 2013, 05:31:17 AM
Last edit: June 04, 2013, 05:41:23 AM by Frozenlock |
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Action! Woohoo!  ... Or not? Stopped after 900 1500 BTC?  |
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IG0BR0KE
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Activity: 56
Merit: 0
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June 04, 2013, 05:35:32 AM |
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i have 5x300btc on my clarkmoody
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Jozzaboy
Member
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Activity: 98
Merit: 10
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June 04, 2013, 05:45:02 AM |
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Action! Woohoo! ... Or not? Stopped after 900 1500 BTC? Someone is holding a fistful of fiat  |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 04, 2013, 06:01:59 AM |
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KS
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June 04, 2013, 06:02:38 AM |
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  you have to admit it at least looks familiar (even if the x2 buttom kills the little bit my theory), and anayway i hardly doubt we can brake 124-125 with this kind of volume so... drop to 100 then... (if you're right). |
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wonkytonky
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June 04, 2013, 06:25:34 AM |
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1 semi big buy. and we go over -> 126$ you will see support flying in  but it's not the right time now.. maybe in 2 days.. when people get it.. they sold low you see we bulls can play the fud game too.. maybe i'll add some graphs too next time..
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IG0BR0KE
Newbie
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Activity: 56
Merit: 0
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June 04, 2013, 06:40:31 AM |
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1 semi big buy. and we go over -> 126$ you will see support flying in but it's not the right time now.. maybe in 2 days.. when people get it.. they sold low you see we bulls can play the fud game too.. maybe i'll add some graphs too next time.. so a semi big buy = 6k for you ? until i dont see the big whales turning bullish im not convinced.. |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 04, 2013, 07:02:20 AM |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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June 04, 2013, 07:39:50 AM
Last edit: June 04, 2013, 07:53:22 AM by Its About Sharing |
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Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)
Interesting... If really you want to be the careful type, shouldn't you wait on the sideline with your fiat ready, as price has a tendency to fall faster than going up? It depends, do you want to exit on sideways movement and pay capital gains AND maybe see it go up and not down? And, it already went down hard - you are betting the correction is NOT over. We don't know. It sure may go down, it is like we are between movements, but do you want to chance it? The good thing is that a great announcement is innevitable and the longer we sit (moving sideways) the better we are. Of course a bad announcement may come, but we've withstood a few hard ones fine. But another Cyprus probably means another run up and there are a lot more Cyprus' out there than DHS'... We got guidance from the government and watching the news and researching shows that our economic system is NOT looking good. See Ireland, Greece, Italy, Spain, Japan, etc. |
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Ares
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June 04, 2013, 07:42:27 AM |
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Ares
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June 04, 2013, 07:53:42 AM |
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Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)
Interesting... If really you want to be the careful type, shouldn't you wait on the sideline with your fiat ready, as price has a tendency to fall faster than going up? It depends, do you want to exit on sideways movement and pay capital gains AND maybe see it go up and not down? And, it already went down hard - you are betting the correction is NOT over. We don't know. It sure may go down, it is like we are between movements, but do you want to chance it? The good thing is that a great announcement is innevitable and the longer we sit the better we are. Of course a bad announcement may come, but we've withstood a few hard ones fine. But another Cyprus probably means another run up and there are a lot more Cyprus' out there than DHS'... We got guidance from the government and watching the news and researching shows that our economic system is NOT looking good. See Ireland, Greece, Italy, Spain, Japan, etc. The last point you made is why I'm not comfortable going to sleep with fiat on the sideline. There are so many opportunities for GREAT news, and decreasing room for significant bad news (imo). The good news (for Bitcoin) could range anywhere from failing fiat systems to big companies getting involved in Bitcoin and I think the first mover advantage is too big of an opportunity for a lot of companies to put the idea on the back burner for long. |
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Frozenlock
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June 04, 2013, 07:56:29 AM |
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The good thing is that a great announcement is innevitable and the longer we sit the better we are.
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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June 04, 2013, 07:57:31 AM |
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I'm following Gox like the rest of you, but we all know we can't give it the same importance since the exodus, that we once did. (e.g. - Those Bid Ask sums have not "made sense" recently due to a few reasons brought up here). Anyone know the bid ask on the other exchanges, or maybe an overall average? |
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