|
Frozenlock
|
 |
June 07, 2013, 01:19:21 PM |
|
As the old saying goes: buy the rumor, sell the news. You Litecoin guys have until June 19th to sell.  |
|
|
|
|
|
|
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
ft73
|
|
June 07, 2013, 01:21:36 PM |
|
As the old saying goes: buy the rumor, sell the news. You Litecoin guys have until June 19th to sell. But LTC/BTC has lost 20% in a month. Time at least for a rebound, and with such good news you really can't tell ... |
|
|
|
|
|
ft73
|
|
June 07, 2013, 01:22:09 PM |
|
As the old saying goes: buy the rumor, sell the news. You Litecoin guys have until June 19th to sell. But LTC/BTC has lost 20% in a month. Time at least for a rebound, and with such good news you really can't tell ... Also market widening sounds bullish to me. |
|
|
|
|
Rampion
Legendary
 Offline
Activity: 1148
Merit: 1018
|
|
June 07, 2013, 01:22:55 PM |
|
When the bubble burst earlier this year, over 2 million BTC were dumped on MtGox alone. It this latest down trend, we've only sold ~150 BTC. Once the big whales realize we are on a persistent downturn, the selling is going to snowball, and another 1.5 million BTC are going to be on the chopping block...
Just to give you an understanding of what that's going to do to the price... there are only 250K BTC on the order book right now. Now, don't get me wrong, there's lots of money on the sidelines, but think about what that means... It means that big BTC whales are currently UNABLE to cash out. So they are bleeding into the market slowly to try and keep the price from crashing. ...and that's why this downturn is going to be so long and so painful...
I really don't know where are you getting your figures. On Gox's order book there are slightly less than 120k BTC ATM. All time high in terms of BTC at Gox order book is slightly over 300k BTC, and that happened end of August 2012. So, even if it was true that we had 250k BTC on Gox order book now (which it isn't), you shouldn't say "only", because 250k BTC on sale on Gox would bex a HUGE quantity, very close to ATH. Just remember that there are only 11M BTC circulating, when you have 2,3% of the total supply of BTC on sale on a single exchange you do not say "only", and you do not expect more to come. And BTW, BTC whales are not "currently" unable to cash out. That's BS. Cashing out many k's of BTC has always been a problem, and today is a much smaller problem that it was let's say in January. This is a super tiny market, it has always been, and cashing out k's of BTC avoiding massive slippage has always been a lengthy process - in the past more than in the present. 250K on Clarkmoody right now if you group by BTC0.1 and look all the way to $11. My contention is that since there is so much less volume on the exchange now (due to the cash inflow/outflow conduits being closed), then selling large amounts is much much harder. In any case, the whales make one story very clear - the vast majority of BTC is not in the Bitcoin economy, it is in the hands of speculators, and those people will dump when they see a persistent downturn. Initially they will try to control the price to maximize their exit return, but ultimately they will trip over each other selling their BTC, and we will be right back where we started this year... You are reading it wrong. To be very precise in this second there are 120,86k coins in Gox's order book (it may have changed significantly by the time you read this post). If you want to see a graphic representation, see the graph below. You will see that indicates slightly more (around 125k), because quantity on the order book changes pretty fast.  |
|
|
|
|
samson
Legendary
Offline
Activity: 2097
Merit: 1068
|
|
June 07, 2013, 01:26:09 PM |
|
What's the best plattform to trade altcoins? Apparently this is a fake press release |
|
|
|
|
arklan
Legendary
Offline
Activity: 1778
Merit: 1008
|
|
June 07, 2013, 01:27:32 PM |
|
well, it IS dated june tenth... it's the 7th today.
|
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
|
June 07, 2013, 01:32:23 PM |
|
What's the best plattform to trade altcoins? I love how you failed to link to the original URL. lol |
|
|
|
|
oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
|
|
June 07, 2013, 01:35:47 PM |
|
oh wow... 1400 btc ask wall @112 just popped up on bitstamp. someone really wants the price to stay down/go down even further ... I'm tempted to buy into it  EDIT: aaaand it's gone again |
|
|
|
|
|
bobboooiie
|
|
June 07, 2013, 01:35:57 PM |
|
Lol I read the thing before I noticed "its fake" all around it. God dammit
|
|
|
|
|
|
Frozenlock
|
|
June 07, 2013, 01:36:53 PM |
|
So... no new engine and DDOS protection?  |
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
June 07, 2013, 01:40:08 PM |
|
And I thought why ltc is going down and people not panic buying until I saw it's not from Gox, lol.
|
|
|
|
|
|
fr33d0miz3r
|
|
June 07, 2013, 01:42:06 PM |
|
So... no new engine and DDOS protection? and no LTC. Just compare this PDF properties with properties of any other PDF from mtgox website. This PDF:Filename: mt-gox-press-release-litecoin.pdf Author: GoxPR Program: PR Format: PDF-1.6 Any other MtGox PDF:Filename: 20130503_coinlab_lawsuit.pdf (started with date) Author: GBG Program: Mac OS X 10.8.3 Quartz PDFContext Format: PDF-1.3 |
|
|
|
|
|
niothor
|
|
June 07, 2013, 01:48:52 PM |
|
Manipulation?  |
|
|
|
|
JSMill
Newbie
Offline
Activity: 56
Merit: 0
|
|
June 07, 2013, 01:53:31 PM |
|
So... no new engine and DDOS protection? and no LTC. Just compare this PDF properties with properties of any other PDF from mtgox website. This PDF:Filename: mt-gox-press-release-litecoin.pdf Author: GoxPR Program: PR Format: PDF-1.6 Any other MtGox PDF:Filename: 20130503_coinlab_lawsuit.pdf (started with date) Author: GBG Program: Mac OS X 10.8.3 Quartz PDFContext Format: PDF-1.3 Great analysis, thanks. |
|
|
|
|
|
SlipperySlope
|
|
June 07, 2013, 01:57:39 PM |
|
Here is the short term downtrend after the recent peak at $136. The next bid walls are at $104-105.  |
|
|
|
|
gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
|
|
June 07, 2013, 01:57:45 PM |
|
Confirmed fakeAll press releases are posted on FB. This one is nowhere to be found there: http://www.facebook.com/MtGox
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
June 07, 2013, 01:59:14 PM |
|
|
|
|
|
|
Loozik
Sr. Member
Offline
Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
|
|
June 07, 2013, 02:10:16 PM |
|
Might fall to 70 if head&shoulders is formed.  |
|
|
|
|
|
EuroTrash
|
|
June 07, 2013, 02:11:00 PM |
|
I wonder which month of 2011 we are in?
|
|
|
|
|
Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
|
|
June 07, 2013, 02:13:07 PM |
|
I wonder which month of 2011 we are in?
We are not in 2011. |
|
|
|
|
|
Poll
