SheHadMANHands
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Activity: 1168
Merit: 1000
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December 06, 2013, 12:18:32 AM |
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Wow, so strong at the 1k level..
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justusranvier
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Activity: 1400
Merit: 1013
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December 06, 2013, 12:21:50 AM |
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CryptStorm
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December 06, 2013, 12:25:17 AM |
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And, with stunningly ignorant comments. No surprise, but, still...
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dwdoc
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Activity: 966
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- - -Caveat Aleo- - -
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December 06, 2013, 12:37:08 AM |
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Willis Report on fox business channel about to talk about bitcoin.
Is there an online resource to watch? It was short and stupid. Bald analyst called it a tulip bubble.
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Nightowlace
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December 06, 2013, 12:59:52 AM |
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My 5 year old son says "Daddy, how many bitcoins do you have?" I answered. He said "Daddy that's not enough, you should buy some more Bitcoins" I have one very smart 5 year old
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OldGeek
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 06, 2013, 01:00:18 AM |
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Now what? A delayed reaction?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 06, 2013, 01:01:56 AM |
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BitChick
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Activity: 1148
Merit: 1001
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December 06, 2013, 01:04:36 AM |
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My 5 year old son says "Daddy, how many bitcoins do you have?" I answered. He said "Daddy that's not enough, you should buy some more Bitcoins" I have one very smart 5 year old So how many bitcoins does a 5 year old think is "enough?"
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OldGeek
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 06, 2013, 01:05:02 AM |
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Red candles everywhere. Stamp down 50 points and looks like going lower.
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Vigil
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December 06, 2013, 01:07:20 AM |
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If you want to know what is happening just look at the chart on Dec. 2 - we are going through a replay of that algorithm pattern after the big sell-off. I am guessing it will hit close to $1010 over the next three hours. Maybe lower.
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UnDerDoG81
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Activity: 2179
Merit: 1201
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December 06, 2013, 01:11:00 AM |
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Somebody dumped 270 Coins @ stamp and somebody else bought 280 cheap back
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cfrm
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December 06, 2013, 01:13:52 AM |
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Somebody dumped 270 Coins @ stamp and somebody else bought 280 cheap back A swing and a miss
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OldGeek
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Activity: 266
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Blitz:The price affects the perception of the news
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December 06, 2013, 01:15:04 AM |
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Thanks Vigil. I see the Dec 2 pattern. You mentioned the algo somewhere above, but not sure how you got there.
1010 seems to have a small wall, so we'll see. I was looking at cny when the sellers started, then changed to stamp. Confusing my pea brain.
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OldGeek
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Activity: 266
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Blitz:The price affects the perception of the news
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December 06, 2013, 01:17:40 AM |
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Is the algo trader working all four of the big exchanges or are the markets mature enough that a bounce in one triggers the others?
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Walsoraj
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December 06, 2013, 01:26:46 AM |
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A smart algo trader isn't going to replicate exact same pattern so close in time. My guess is a second dip after a Dec 2 looking recovery.
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keewee
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Activity: 1025
Merit: 1000
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December 06, 2013, 01:34:00 AM |
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OldGeek
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Activity: 266
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Blitz:The price affects the perception of the news
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December 06, 2013, 01:44:46 AM |
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A smart algo trader isn't going to replicate exact same pattern so close in time. My guess is a second dip after a Dec 2 looking recovery.
If I follow what you mean... not an algo trader. Just an opportunity that was taken. Correct?
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MikeH
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December 06, 2013, 01:50:35 AM |
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Guys, I panicked and sold 5% of my bitcoins at least 1000... am I a bad person? Should I buy back?
yes you're a bad person, send me 1000 btc to become a good person again. with that many coins if you haven't sold enough to retire, you are mental.
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Vigil
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December 06, 2013, 01:53:47 AM |
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Thanks Vigil. I see the Dec 2 pattern. You mentioned the algo somewhere above, but not sure how you got there.
1010 seems to have a small wall, so we'll see. I was looking at cny when the sellers started, then changed to stamp. Confusing my pea brain.
No problem. My bid hit exactly at the 1020 I set 4 hrs ago based on the Dec. 2 plots to play it safe. It may still go lower but didn't want to take the risk. The first algo I noticed started either right at the $450 drop or a couple days after where it plateaued at $900 or so. Whoever is running the algo switched up about a week back to this new one. It carries the price high to $1200 or so and then plummets the price down to the $850 mark. There is a small rebound with a small double reversal and another small sell-off. It will now start upward toward $1200. Unless it is turned off of course. That means that the China news only played into the algo creating a much sharper decline than on the 2nd.
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Vigil
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December 06, 2013, 01:56:38 AM |
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Is the algo trader working all four of the big exchanges or are the markets mature enough that a bounce in one triggers the others?
I don't know. I just know "he" is on Gox. I guess he or they could be running on all the major exchanges. But even controlling one at these low volume periods is enough to manipulate the price. A smart algo trader isn't going to replicate exact same pattern so close in time. My guess is a second dip after a Dec 2 looking recovery. He ran it for about a week to a week and a half before but it wasn't as noticeable. Nor were its movements as large as this current one. I expect him to change it up in the next couple days. We still have another couple hours at these low prices so buy up while you can.
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