Cablez
Legendary
 Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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August 30, 2013, 03:45:45 PM |
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Call: Sell north of 142 buy again around 138 in 2 days or less.
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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August 30, 2013, 03:47:57 PM |
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Call: Sell north of 142 buy again around 138 in 2 days or less.
This seems like a good call to me. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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August 30, 2013, 03:48:40 PM |
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Am I the only one scared right now? I mean im 100% BTC, but.... uhh, this rise... its.. there are no more coins after 150.
They will pile up in new walls, always happens.  But that just it, they never piled up at 135. At 125, there was some resistance.. but no more. Its all bought by the whales xD. |
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Grafzep
Member
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Activity: 91
Merit: 10
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August 30, 2013, 03:49:47 PM |
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(snip) ...bitcoin hasn't had a new post-266 low in 4.5 months, bubble over?
The bubble is dead, long live the bubble! |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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August 30, 2013, 03:50:00 PM |
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FNG
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August 30, 2013, 03:50:35 PM |
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Who are these crazy whales? They just keep throwing down mother loads, for almost 2 months straight now. In other news, bitcoin hasn't had a new post-266 low in 4.5 months, bubble over?
$500k - $1mil buys aren't exactly mother loads to many. "Small" money is entering bitcoin |
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Coinseeker
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August 30, 2013, 03:52:00 PM |
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Am I the only one scared right now? I mean im 100% BTC, but.... uhh, this rise... its.. there are no more coins after 150.
I think that feeling comes from the reality of watching a BTC titan finally collapse and die. Gox has provided much "mental" security to Bitcoin and a new era is coming. Change is always difficult. Through my continued bearish stances, I have learned to respect the resilience of Bitcoin and thus, Bitcoin I'm sure, will be just fine. |
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JimboToronto
Legendary
 Online
Activity: 4186
Merit: 4864
You're never too old to think young.
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August 30, 2013, 03:52:09 PM |
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Once again, right on cue, as predictable as dawn.
Whale buy and bidwall right through the existing wall.
The only question is how many times before they reach their quota.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 03:55:05 PM |
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the 500BTC wall has regenerative shields DO NOT attempt to destroy it.  |
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dan99
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August 30, 2013, 03:55:27 PM |
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really hope this bubble can shoot bitcoin all the way to $200 and beyond.
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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August 30, 2013, 03:59:17 PM |
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really hope this bubble can shoot bitcoin all the way to $200 and beyond.
I'd say this is a rally, not a bubble. |
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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August 30, 2013, 04:00:57 PM |
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After a lull, I'm seeing a decisive breakout in price and volume above the 2nd bounce high of $13x around Jun 1. News is generally positive. Volume is strong in bitstamp. In fact, volume in bitstamp was significantly > mt. Gox during the lull. This is telling me that the small investor is buying. Previously in this rising market, volume has been strong during breakouts...
Speed of the rise is not a concern. This is bitcoin. My only concern is btcnCNY volume is not high. But the timing (its around midnight there) and preceding low volume days probably has caught most traders there off guard. Look for a strong run up to bitstamp's price on btcnCNY 4-8 hours from now to confirm this market motion.
Its a very interesting question whether this Gox money has been there all the time or not. On the one hand, Gox price is higher, so why would new $ come in? On the other hand, a long term whale buyer (who is probably buying through a broker) will easily swallow 5%+ because:
0. Slippage is bigger than that anyway.
1. Not needing to be verified on the other exchanges (the broker needs to buy NOW)
2. Did the broker even bother to mention that other exchanges are lower? :-)
3. The broker makes his cut regardless.
4. Even with the situation with USA, Gox probably remains most trusted with large $
5. Its a buy, not a sell.
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ChartBuddy
Legendary
Online
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 30, 2013, 04:02:08 PM |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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August 30, 2013, 04:05:18 PM |
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It's almost as though btc is a highly sought after commodity of which there is a limited supply.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 04:08:34 PM |
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I hear bears crying, all around us  |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 04:09:38 PM |
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good sell finally...
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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August 30, 2013, 04:10:22 PM |
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Call: Sell north of 142 buy again around 138 in 2 days or less.
 brilliant, after fees you make about $2.60 or 1.8% but open yourself to risk in a market that could be at 150 or 130 by then... the only trade that's worth those pennies is an arbitrage with no time risk. Meanwhile walls placed above $120 buy ALL the coins. |
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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August 30, 2013, 04:11:57 PM |
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weeeeeeee
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 30, 2013, 04:13:00 PM |
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bears are now committing suicide this is bullish!  |
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JimboToronto
Legendary
Online
Activity: 4186
Merit: 4864
You're never too old to think young.
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August 30, 2013, 04:13:54 PM |
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Guys. These mega buys are whales trying to get out of bitcoin. This is not good. It is just fiat leaving the system. Once it is over, we crash to sub $10.
What happened to the Oort Cloud? |
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