Its About Sharing
Legendary
 Offline
Activity: 1442
Merit: 1000
Antifragile
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July 03, 2013, 01:36:15 PM |
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Goodbye, triple digits. Goodbye, 90s.
Welcome 70s soon. Oh yes, we still might bounce off of 82 but we also might just hit 70 first and violently come back up. I don't have the where with all to trade this... |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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July 03, 2013, 01:40:01 PM |
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Meanwhile, bitstamp doesn't give a shit anymore what MtGox does.
A possibility : ALL the speculators on Bitstamp are already out. Only remain the long term holders and investors who don't care about other exchange prices. Could be. Also all MtGox users who wanted out because of the USD withdrawal lock have already sold on the other exchanges which explained the big difference lately. If USD withdrawals aren't unlocked this week we will probably see another mass exodus and Bitstamp and BTC-e diving down again creating a new gap. I tend to lean on more simple issues concerning the Bitcoin economy of the day. The one fact that we can count on is that miners who have been waiting for months are now getting their orders shipped and in their hands. They have costs to recoup and will not risk speculating on present market conditions in order to see returns on their hardware investment. Another fact is the alt coin adoption of past and future GPU miners are of the mine and dump variety who wish to "pay off" their gaming rigs asap. This is funded by Bitcoin and its present market share may be effected by the increase of this practice. I feel that those two factor have aggravate this trend and is reducing speculators confidence in Bitcoin's short/long term returns to their investment. |
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sarc
Member
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Activity: 98
Merit: 10
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July 03, 2013, 01:40:20 PM |
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I can feel the dump approaching...  Does anyone know if this is the furthest apart bids/asks and the price have ever been, while the price is higher than bids/asks? It looks a bit that way from the long term data....that's got to be (really) bad hasn't it? |
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marvinrouge
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July 03, 2013, 01:52:16 PM |
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I can feel the dump approaching... Does anyone know if this is the furthest apart bids/asks and the price have ever been, while the price is higher than bids/asks? It looks a bit that way from the long term data....that's got to be (really) bad hasn't it? (Noob) It´s a long time I see this chart and I still don t understand it... Can someone explain me what are the 4 lines ? (Sorry) Or giving a link if there is an explanation somehere else |
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ehoffman
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July 03, 2013, 01:55:01 PM |
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Large dump in progress...  |
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Jaroslaw
Member
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Activity: 84
Merit: 10
supernode
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July 03, 2013, 01:55:53 PM |
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Large dump in progress... no need to thank me  |
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ChartBuddy
Legendary
 Online
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 03, 2013, 02:01:16 PM |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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July 03, 2013, 02:02:15 PM |
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Has nobody posted Ron Paul yet?  |
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weaknesswaran
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July 03, 2013, 02:02:34 PM |
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no support at all, what a big drop
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sarc
Member
Offline
Activity: 98
Merit: 10
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July 03, 2013, 02:02:39 PM |
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I can feel the dump approaching... Does anyone know if this is the furthest apart bids/asks and the price have ever been, while the price is higher than bids/asks? It looks a bit that way from the long term data....that's got to be (really) bad hasn't it? (Noob) It´s a long time I see this chart and I still don t understand it... Can someone explain me what are the 4 lines ? (Sorry) Or giving a link if there is an explanation somehere else green squiggly line = dollars trying to be bitcoins yellow squiggly line = bitcoins trying to be dollars the ratio between them gives you an indication of whether folk are keener to sell or buy (red squiggly line). And it has a tendency to lead the price (blue squiggly line). Least, that's how I understand it. |
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razibuzouzou
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July 03, 2013, 02:05:05 PM |
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I can feel the dump approaching... Does anyone know if this is the furthest apart bids/asks and the price have ever been, while the price is higher than bids/asks? It looks a bit that way from the long term data....that's got to be (really) bad hasn't it? (Noob) It´s a long time I see this chart and I still don t understand it... Can someone explain me what are the 4 lines ? (Sorry) Or giving a link if there is an explanation somehere else green squiggly line = dollars trying to be bitcoins yellow squiggly line = bitcoins trying to be dollars the ratio between them gives you an indication of whether folk are keener to sell or buy (red squiggly line). And it has a tendency to lead the price (blue squiggly line). Least, that's how I understand it. If you want, you may watch this ratio live on Coinorama.net ! Have a look at the help if you need explanation, and play with some preferences to find your way |
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Frozenlock
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July 03, 2013, 02:05:36 PM |
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"Surely we can't go lower than this!"  |
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Loozik
Sr. Member
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Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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July 03, 2013, 02:07:49 PM |
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"Surely we can't go lower than this!" Yes, we can't  |
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Jaroslaw
Member
Offline
Activity: 84
Merit: 10
supernode
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July 03, 2013, 02:08:02 PM |
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we need reptelia guy! quick!
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marvinrouge
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July 03, 2013, 02:08:15 PM |
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(Noob) It´s a long time I see this chart and I still don t understand it... Can someone explain me what are the 4 lines ? (Sorry) Or giving a link if there is an explanation somehere else
green squiggly line = dollars trying to be bitcoins yellow squiggly line = bitcoins trying to be dollars the ratio between them gives you an indication of whether folk are keener to sell or buy (red squiggly line). And it has a tendency to lead the price (blue squiggly line). Least, that's how I understand it. Thanks !! |
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Coinseeker
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July 03, 2013, 02:09:29 PM |
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Can we just crash to 50 already. Sheesh! What's with all the dramatics?  |
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phantastisch
Legendary
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Activity: 2271
Merit: 1363
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July 03, 2013, 02:10:25 PM |
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Can we just crash to 50 already. Sheesh! What's with all the dramatics? I was promised panic selling  |
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samson
Legendary
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Activity: 2097
Merit: 1070
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July 03, 2013, 02:12:38 PM |
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"Surely we can't go lower than this!" I saw this little gem on the BTCe trollbox : evilsim: lots of future coming today
Sounds about right to me. |
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Frozenlock
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July 03, 2013, 02:14:18 PM |
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Can we just crash to 50 already. Sheesh! What's with all the dramatics? I was promised panic selling Bulls want to make sure this downtrend is long and nasty. They don't like to see the price going up.  |
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