El Cabron
Gnomo
VIP
Hero Member
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Activity: 840
Merit: 1000
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June 07, 2013, 03:25:31 PM |
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well, i might be able to buy back in after all!
i have not paid for that lambo yet!
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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June 07, 2013, 03:25:37 PM |
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The second low from 112 to 109.5 is due to manipulator with 2.5k sell wall pushing down the price..i myself got caught  Thought was that stupid 6k seller again |
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niothor
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June 07, 2013, 03:27:46 PM |
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It's not just that. Low volume is an indication that the actual Bitcoin economy isn't running. The only activity I see on the depth window are the last remaining trading bots. I mean, how is someone supposed to get a few bucks into MtGox to buy something on SilkRoad or wherever? The Bitcoin price went from being 99% speculation, to being 99.999% speculation. I'd love to know how SilkRoad sales have been impacted with the closure of LR, MtGox-Dwolla, etc... At this rate, it's a long long way down...
LR.... Silkroad? wtf they have in common? |
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ineededausername
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June 07, 2013, 03:31:45 PM |
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Anyone seeing a trend with these 5 am dumps?
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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June 07, 2013, 03:33:51 PM |
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awww, look at the bears coming out of the woodwork... agreeing with each other how obvious all of this was.
'k. Put your money where your mouth is and make a prediction where this trend takes us, short term. Everything else ("Silk road ... yadda yadda ... Bitcoin economy... wasn't stable in May after all") is just cheap talk.
I'll begin: within the next 24 hours, price won't go significantly below 100. If it falls below 100, it will rebound sharply to a value above 100 shortly afterwards. More likely though, we'll continue trading around 110.
Your turn :)
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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June 07, 2013, 03:35:41 PM |
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And.... Here..... We...... Go......  |
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ShroomsKit
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June 07, 2013, 03:35:52 PM |
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It's just miners selling their day profits
These are not speculators selling yet, they are holding dearly to their bitcoin all the way down
Because we see 8k dumps every day from miners right. |
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sarc
Member
Offline
Activity: 98
Merit: 10
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June 07, 2013, 03:36:11 PM |
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awww, look at the bears coming out of the woodwork... agreeing with each other how obvious all of this was. 'k. Put your money where your mouth is and make a prediction where this trend takes us, short term. Everything else ("Silk road ... yadda yadda ... Bitcoin economy... wasn't stable in May after all") is just cheap talk. I'll begin: within the next 24 hours, price won't go significantly below 100. If it falls below 100, it will rebound sharply to a value above 100 shortly afterwards. More likely though, we'll continue trading around 110. Your turn  has your blood sugar got low again? |
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niothor
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June 07, 2013, 03:36:42 PM |
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well, i might be able to buy back in after all!
i have not paid for that lambo yet!
Unless you got a racing course near by , don't bother. I felt like I wasted 4 years of my life before giving my F430 a real drive. |
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SGExodus
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June 07, 2013, 03:42:41 PM |
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Anyone seeing a trend with these 5 am dumps?
ASICMiner selling... China time zone. |
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ft73
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June 07, 2013, 03:53:08 PM |
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Looks like somebody is being concerned by BitStamp staying over 110$  Ask wall just apperared @111,84$. |
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Pale Phoenix
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June 07, 2013, 04:03:38 PM |
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awww, look at the bears coming out of the woodwork... agreeing with each other how obvious all of this was. 'k. Put your money where your mouth is and make a prediction where this trend takes us, short term. Everything else ("Silk road ... yadda yadda ... Bitcoin economy... wasn't stable in May after all") is just cheap talk. I'll begin: within the next 24 hours, price won't go significantly below 100. If it falls below 100, it will rebound sharply to a value above 100 shortly afterwards. More likely though, we'll continue trading around 110. Your turn I'm not sure how making a post here puts any money where anyone's mouth is LOL. I appreciate reading other people's analyses because we all have our own biases, and it's good to have them challenged. IMO, well considered opinions are much more valuable than meaningless short term price predictions pulled out of the derrière. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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June 07, 2013, 04:09:57 PM |
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SlipperySlope
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June 07, 2013, 04:10:54 PM |
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Anyone seeing a trend with these 5 am dumps?
ASICMiner selling... China time zone. Interesting notion ... During this transition to ASIC mining technology, one entity - ASICMiner - has a very large share of mined coins. Perhaps they have more motivation to sell than the multitude of individual GPU miners that have been effectively replaced. Lots of slippage when the dump occurs. There are well known techniques to slice orders and time them for more efficient executions, e.g. wait for bids to fill back in. Why don't dumpers use them? |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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June 07, 2013, 04:11:33 PM |
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Guys, I wanted to make you a favour... So I sold a little coins at $108.5... Just because I wanted the price to rebound UP, I know you feel bad when our beloved BTC crashes  EDIT: you have to know my story first... I'm pretty good buying at the bottom (most of my bids are filled just before the price rebounds UP UP UP), but I'm terrible selling low (50% of the times I sell coins, it's at the very bottom... It happened to me when we touched $79 and happened again on Monday when I sold at $118ish and then price rebounded to $122ish.... Lucky me I only sell "play coins", the vast majority of my stash is in cold storage for good). So, hopefully my stunt works, and $108.5 was the bottom for today. Placed bids with the fiat I got for that coins all the way till $91ish, let's see how it works out this time |
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lucas.sev
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June 07, 2013, 04:11:48 PM |
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Anyone seeing a trend with these 5 am dumps?
ASICMiner selling... China time zone. Interesting notion ... During this transition to ASIC mining technology, one entity - ASICMiner - has a very large share of mined coins. Perhaps they have more motivation to sell than the multitude of individual GPU miners that have been effectively replaced. Lots of slippage when the dump occurs. There are well known techniques to slice orders and time them for more efficient executions, e.g. wait for bids to fill back in. Why don't dumpers use them? They did use them around 120 area. In other news: 10k wall at 105 |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 07, 2013, 04:12:25 PM |
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Dumper are dumping!  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 07, 2013, 04:13:18 PM |
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volume doesnt look fantastic
i think we will go lower....
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niothor
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June 07, 2013, 04:13:54 PM |
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Guys, I wanted to make you a favour... So I sold a little coins at $108.5... Just because I wanted the price to rebound UP, I know you feel bad when our beloved BTC crashes you ... you ... you BEAR |
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