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accord01
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December 07, 2013, 05:56:51 AM |
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lol he should put the 1m bid wall at $1, that would be hilarious
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seleme
Legendary
 Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 07, 2013, 06:02:22 AM |
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The arm of death is forming at $747. Here we go fellas, hang on to your hats!
what is the arm of death? +1 |
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Vigil
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December 07, 2013, 06:04:09 AM |
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The arm of death is forming at $747. Here we go fellas, hang on to your hats!
what is the arm of death? That is my term for the periods of trading where there are very small trading margins and negligible fluctuations in the price. It forms a little arm-like thing. It generally means the price is about to fall. Like, a lot.  |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 07, 2013, 06:04:30 AM |
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The arm of death is forming at $747. Here we go fellas, hang on to your hats!
what is the arm of death? +1 watch gox doesn't help. what is arm of death? |
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Richy_T
Legendary
Offline
Activity: 2450
Merit: 2130
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 07, 2013, 06:09:46 AM |
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 I'm going to bed now. You guys get this all fixed up by morning and we'll so no more, m'kay? |
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Vigil
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December 07, 2013, 06:10:27 AM |
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They (Arms of Death) can form and result in decline and then another arm form, more decline, another arm, but eventually it gives way. Big time! We could be seeing another flash-crash soon.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 07, 2013, 06:12:09 AM |
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The strange thing is that it suddenly started to drop on BTC-e... before it did on MtGox. It was 20$ up for most of the night at Russian place, now it's suddenly 30$ below. Anyway, going to bed now. Orders set up, fill them please and then start a rally  |
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Searing
Copper Member
Legendary
Offline
Activity: 2898
Merit: 1464
Clueless!
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December 07, 2013, 06:12:45 AM |
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They (Arms of Death) can form and result in decline and then another arm form, more decline, another arm, but eventually it gives way. Big time! We could be seeing another flash-crash soon.
ah hell...its only money right? (or not if you are the Chinese gov't)...... what do they say you should accomplish in life 1) plant a tree 2) write a book 3) make a fortune (lose a fortune) (off to get some milk and cookies I done went and depressed myself) Searing |
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Vigil
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December 07, 2013, 06:16:06 AM |
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They (Arms of Death) can form and result in decline and then another arm form, more decline, another arm, but eventually it gives way. Big time! We could be seeing another flash-crash soon.
ah hell...its only money right? (or not if you are the Chinese gov't)...... what do they say you should accomplish in life 1) plant a tree 2) write a book 3) make a fortune (lose a fortune) (off to get some milk and cookies I done went and depressed myself) Searing Are you "up" since this whole mania? In dollar terms? If so, sell, and buy lower. It doesn't matter how much lower - just increase your BTC holdings. Take advantage of the price increases to have more capital to get more bitcoin - no reason not to. Don't worry so much about losing some money, just get more BTC for now. |
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bclcjunkie
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December 07, 2013, 06:17:03 AM |
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might not be too fast, coz what looks like to me is more of slow exit than trying to induce panic selling... was observing btcchina and i see small but steady sales as if someone or some investors genuinely want out but without hurting price too much... We could be seeing another flash-crash soon. |
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accord01
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December 07, 2013, 06:17:12 AM |
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There should be some support @ 480-500, if it breaks 475 or 450, it could go down to 100
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accord01
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December 07, 2013, 06:19:16 AM |
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Waiting on MTGOX to drop... no one wants to sell on there and get stuck with FIAT.
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RAJSALLIN
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December 07, 2013, 06:19:57 AM |
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There should be some support @ 480-500, if it breaks 475 or 450, it could go down to 100
Its not going to 100 |
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Gimmelfarb
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December 07, 2013, 06:21:52 AM |
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oh dear, this looks bearish. hoping my bids fill at $300-$400.
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Vigil
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December 07, 2013, 06:21:55 AM |
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might not be too fast, coz what looks like to me is more of slow exit than trying to induce panic selling... was observing btcchina and i see small but steady sales as if someone or some investors genuinely want out but without hurting price too much... We could be seeing another flash-crash soon. Yeah. I am really thinking this whole rise to $1250 was induced by a Great Whale - he pumped the price with his BTC100,000 bot and has been unloading. The real crash happened weeks ago when we hit $900 and dropped to $450 - he picked it up and carried it to $850 and then beyond. Totally rigged game. IMO. |
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tHash
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December 07, 2013, 06:22:54 AM |
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There should be some support @ 480-500, if it breaks 475 or 450, it could go down to 100
Who is going to want to sell for less than the floor before the start of the rally? Let me help you out, NO ONE. |
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Vigil
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December 07, 2013, 06:25:08 AM |
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$300 is probably the absolute minimum.
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 07, 2013, 06:25:18 AM |
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There should be some support @ 480-500, if it breaks 475 or 450, it could go down to 100
Its not going to 100 Just because you wish it won't happen. This crash was overdue! We need a 90-95% correction with a good dead cat bounce to even slaughter more pigs and bulls. Who is going to want to sell for less than the floor before the start of the rally? Let me help you out, NO ONE.
Who is going to invest? Bitcoin needs a lot more buyers with new money. Noone is going to jump in during a flashcrash. There is only the old money available and most profit takers will use their profit to buy christmas presents. Thanks to the Buy High and Sell Low bulls  |
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Gimmelfarb
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December 07, 2013, 06:25:29 AM |
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There should be some support @ 480-500, if it breaks 475 or 450, it could go down to 100
Who is going to want to sell for less than the floor before the start of the rally? Let me help you out, NO ONE. 450 --> 100? dunno, i think 250-300 is good support. |
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DaRude
Legendary
Offline
Activity: 2806
Merit: 1830
In order to dump coins one must have coins
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December 07, 2013, 06:26:20 AM |
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might not be too fast, coz what looks like to me is more of slow exit than trying to induce panic selling... was observing btcchina and i see small but steady sales as if someone or some investors genuinely want out but without hurting price too much... We could be seeing another flash-crash soon. Yeah. I am really thinking this whole rise to $1250 was induced by a Great Whale - he pumped the price with his BTC100,000 bot and has been unloading. The real crash happened weeks ago when we hit $900 and dropped to $450 - he picked it up and carried it to $850 and then beyond. Totally rigged game. IMO. No, just no, unless of course it was a retarded great whale who decided to loose few million dollars |
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Poll
