Tzupy
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August 29, 2013, 09:38:40 AM |
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Once you think you know where things are going, a huge whale will splash in out of nowhere and change everything.
Yeah, this whale driven price trend sucks. I disagree on the confidence level, I don't see it in the market right now. On the 19th there was a large rise and then quickly a large fall in the bid sum / ask sum ratio, and yet the panic buyers kept the price from dropping significantly. Now the ratio hasn't dropped much, but I don't see significant panic buyer activity ( well, not yet ). Seller pressure is still high right now. Regarding the bid sum / ask sum ratio, it's important to note that a redistribution of the orders can be misleading.
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telemaco
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August 29, 2013, 09:59:55 AM |
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What will happen if US starts the proxy war against Russia & China?
Big movement but in what direction. Some possible implications?:
Possible gold & bitcoin running up? Possible massive selloff of $ by the chinese state? ASICMINER (China) consequences for western customers? BTC-e consequences for western customers? Bitstamp & MtGox consequences for Russia & China customers?
Huge movements i guess.
Any opinions?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 29, 2013, 10:02:41 AM |
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ag@th0s
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August 29, 2013, 10:04:03 AM |
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180 by last friday
This is correct if you calculate the "true" price of bitcoin. I calculate we are at true $210 right now. Gox shows price minus $50 evil whale suppression and minus $30 fed gov oppression. So in real reality, my predictions are rarely wrong $300 True Price by Friday. Guaranteed. So what will increase by $90? The price, the whale suppression, or the gov oppression? Probably a combination of all 3, but in what proportions? It is a very complicated equation, beyond your noob analysis. Just trust me on this one ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I have a degree in Mathematics. Try me. No good. You will need a degree in extispicy to unravel his computations LOL - I thought you meant he was extra spicey...
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molecular
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August 29, 2013, 10:47:08 AM |
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Once you think you know where things are going, a huge whale will splash in out of nowhere and change everything.
Yeah, this whale driven price trend sucks. Yeah, I know, right? Totally artifical (as you said a day or so ago). We should just irgnore it and buy coins at lower prices.
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ChartBuddy
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August 29, 2013, 11:02:37 AM |
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ChartBuddy
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August 29, 2013, 12:02:41 PM |
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ToaDy
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August 29, 2013, 12:56:19 PM |
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What will happen if US starts the proxy war against Russia & China?
Big movement but in what direction. Some possible implications?:
Possible gold & bitcoin running up? Possible massive selloff of $ by the chinese state? ASICMINER (China) consequences for western customers? BTC-e consequences for western customers? Bitstamp & MtGox consequences for Russia & China customers?
Huge movements i guess.
Any opinions?
I think there will be a big jump if the conflict gets worse.. i might be wrong though.
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barbs
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August 29, 2013, 12:57:24 PM |
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at the risk of getting slaughtered here, does no one feel the price is being propped up? don't get me wrong i've been well wrong since July consistently but I dont see unabashed demand for bitcoins, i see huge buys at 4 AM UK time when the US is starting to go to bed and massive bid walls appearing as has been the case it seems from 75 onwards.
I am just curious as to how far this will go, clearly there is little trading activity at these new prices and those walls propping up the price if they dissapeared we would find ourselves at 120 again in no time flat.
Just curious if I'm reading this wrong and this is actually huge demand / paradigm shift. To me it seems like a giant bet on which way the whales will go next.
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ChartBuddy
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August 29, 2013, 01:02:51 PM |
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Cablez
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I owe my soul to the Bitcoin code...
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August 29, 2013, 01:07:58 PM |
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at the risk of getting slaughtered here, does no one feel the price is being propped up? don't get me wrong i've been well wrong since July consistently but I dont see unabashed demand for bitcoins, i see huge buys at 4 AM UK time when the US is starting to go to bed and massive bid walls appearing as has been the case it seems from 75 onwards.
I am just curious as to how far this will go, clearly there is little trading activity at these new prices and those walls propping up the price if they dissapeared we would find ourselves at 120 again in no time flat.
Just curious if I'm reading this wrong and this is actually huge demand / paradigm shift. To me it seems like a giant bet on which way the whales will go next.
Right now the market is in control by the few. I do not believe this is a paradigm shift as nothing has happened to warrant it. People may think that they can play in the whales wake (and they may be successful) but ultimately the will of the few will dictate where we go in the short term.
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vphen
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August 29, 2013, 02:02:02 PM |
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$180 by next Friday, i promise.
can we see it?
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ChartBuddy
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August 29, 2013, 02:02:40 PM |
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NewLiberty
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Gresham's Lawyer
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August 29, 2013, 02:19:57 PM |
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What will happen if US starts the proxy war against Russia & China?
Big movement but in what direction. Some possible implications?:
Possible gold & bitcoin running up? Possible massive selloff of $ by the chinese state? ASICMINER (China) consequences for western customers? BTC-e consequences for western customers? Bitstamp & MtGox consequences for Russia & China customers?
Huge movements i guess.
Any opinions?
I <3 all bitcoiners, no matter on what soil they are standing.
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Beta-coiner1
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August 29, 2013, 02:38:02 PM |
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at the risk of getting slaughtered here, does no one feel the price is being propped up? don't get me wrong i've been well wrong since July consistently but I dont see unabashed demand for bitcoins, i see huge buys at 4 AM UK time when the US is starting to go to bed and massive bid walls appearing as has been the case it seems from 75 onwards.
I am just curious as to how far this will go, clearly there is little trading activity at these new prices and those walls propping up the price if they dissapeared we would find ourselves at 120 again in no time flat.
Just curious if I'm reading this wrong and this is actually huge demand / paradigm shift. To me it seems like a giant bet on which way the whales will go next.
Hmmm.....Whales can only Dive,lol!
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ChartBuddy
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August 29, 2013, 03:02:37 PM |
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Tzupy
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August 29, 2013, 03:37:55 PM |
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Once you think you know where things are going, a huge whale will splash in out of nowhere and change everything.
Yeah, this whale driven price trend sucks. Yeah, I know, right? Totally artificial (as you said a day or so ago). We should just ignore it and buy coins at lower prices. I may have an answer for you. After looking again at the recent history, I believe there is one smart whale that started the last rally to 130+, with a whale buy of about 8k BTC that smashed through the 125 resistance level ( up to 126 ). Other smaller and slower whales followed, and then some panic buyers. The smart whale has already sold at least 4k BTC around the 130 price, he positioned his sell orders almost one day before starting the rally ( saw this in the ask sum graph ). This operation ( repeated ) is an efficient way to pump up the price without losing money. As for the final target of the smart whale, it's to dump big at a higher price IMO. I have no idea what's his final price - at which he would dump big. The smart whale could be one of you early adopters, with activity in the hundreds in this forum and ( tens of ? ) thousands of coins. And he would hate to see his MO uncovered. About what to do in order to better adapt to his strategy, I don't know. The smart whale covers his actions behind normal market movements, he just triggers them a bit sooner and stronger.
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Walsoraj
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August 29, 2013, 03:38:51 PM |
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Thursday morn and 24hr volume is laughable. If this does not rocket by the afternoon, I will pronounce bitcoin dead.
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adamstgBit
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August 29, 2013, 03:43:20 PM |
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Thursday morn and 24hr volume is laughable. If this does not rocket by the afternoon, I will pronounce bitcoin dead.
people are patiently waiting for someone to sell some coins, I'd ignore volume untill someone is brave enough to test support at 125
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Walsoraj
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August 29, 2013, 03:54:20 PM |
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Thursday morn and 24hr volume is laughable. If this does not rocket by the afternoon, I will pronounce bitcoin dead.
people are patiently waiting for someone to sell some coins, I'd ignore volume untill someone is brave enough to test support at 125 Thursday is typically one if not highest volume day of the week. If support not tested today, don't count on it for a long time.
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