BeatMyBit
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Activity: 13
Merit: 0
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January 07, 2014, 05:46:53 AM |
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where is here?
in the usa it is
Australia - of course it may seem a stretch to call it gambling but we all know it is. Nice. Another point for Australia. It's definitely gambling....Playing the market is no different than sitting down at a poker table, one just happens a little faster, but when you lose it all at the table you are a hopeless gambling addict and when you lose at the other you were over extended and the economy took a turn.. |
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Richy_T
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 07, 2014, 05:48:44 AM |
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Oh yeah, I forgot that you're chartbuddy. Where I come from 20k is a lot of money. Any chance of doing a chart for bitstamp?
I'm not saying it (bitstamp chart) won't happen, I'm just saying it's not high on the list  20k is not a small amount of money in some respects but in other respects, it's pretty trivial. My dad used to take stationery from where he worked and it would drive my mum crazy cause that's shit you could lose your job for. I'd like to think that I'd be honorable at all amounts but I know for sure that I would not be dishonorable for below quite a large sum that is at least into 7 figures. Though I did shoot a man in Reno just to watch him die. |
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TERA
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January 07, 2014, 05:49:48 AM |
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My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.
Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.
You're betting on a new ATH after only a month-long correction? How do you figure that? This has never happened in bitcoin. Even the smallest corrections from very early on were at least 2 months and the average correction is 6 months. |
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pdawg
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January 07, 2014, 05:55:09 AM |
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Who says this correction is going to be average?
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Richy_T
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 07, 2014, 06:00:02 AM |
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Yes I love localbitcoins, but if bitcoins are worth 6 figures I think selling one at Starbucks for cash may pose problems. It's awkward enough at the current rates...
"20,000 caramel machiattos, please" |
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Davyd05
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January 07, 2014, 06:02:07 AM |
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lil dumping here and there on gox .. btce still above stamp eh
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ChartBuddy
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Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 07, 2014, 06:02:30 AM |
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Richy_T
Legendary
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 07, 2014, 06:03:17 AM |
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This has never happened in bitcoin.
Which is why it *will* happen. |
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Voodah
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January 07, 2014, 06:03:32 AM |
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2013's speed:  |
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wrostek
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Activity: 15
Merit: 0
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January 07, 2014, 06:05:44 AM |
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Yeesh, looks like Gox is down...
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spooderman
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Activity: 1652
Merit: 1026
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January 07, 2014, 06:06:06 AM |
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This has never happened in bitcoin.
Which is why it *will* happen. Glad you agree |
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virtualfaqs
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January 07, 2014, 06:06:54 AM |
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I think the massive dump triggered a shutoff switch....  |
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spooderman
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Activity: 1652
Merit: 1026
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January 07, 2014, 06:07:38 AM |
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My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.
Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.
You're betting on a new ATH after only a month-long correction? How do you figure that? This has never happened in bitcoin. Even the smallest corrections from very early on were at least 2 months and the average correction is 6 months. You're maybe right, maybe we need one more consolidation before ATH happens, but that's the max we could need imo. |
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Davyd05
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January 07, 2014, 06:09:15 AM |
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I think the massive dump triggered a shutoff switch.... usually a much bigger trade has to be executed, I saw less then 1k get sold ..hmmm 1029.99 as the newest updated price on bitwisdom |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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January 07, 2014, 06:09:49 AM |
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I think the massive dump triggered a shutoff switch.... Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha. |
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mmitech
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Activity: 1148
Merit: 1001
things you own end up owning you
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January 07, 2014, 06:09:56 AM |
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good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990  some men want to watch the world burn it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again... |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 07, 2014, 06:11:12 AM |
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My hunch is that we will burst through the ath in a few days. And relax around the 1500 mark (gox price). Next bubble pop talk will start around 2k+ and the actual pop doesn't occur until 4k.
Note: I am usually wrong, APART from when I have actually put my money where my mouth is. I haven't lost by actually trading before.
You're betting on a new ATH after only a month-long correction? How do you figure that? This has never happened in bitcoin. Even the smallest corrections from very early on were at least 2 months and the average correction is 6 months. We've never had a double top in bitcoin either. Still, if you think the intervals between rallies is roughly correlated with the proportional size of the rally, then 3 months is what I put the next ATH at. Yet, and I know this sounds crazy, what if the double top was just a bear trap and the real rally is just getting started? The FED and the fractional reserve system is creating about 800 billion $/month and some of that will find it's way into bitcoin. and that's just the U.S.- every central bank is printing like mad now. Much less than 1% of that new (counterfeit) fiat would double the BTC market cap in one month. |
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Richard Branson
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January 07, 2014, 06:11:24 AM |
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I think the massive dump triggered a shutoff switch.... Again... either shitty software or failsafe against price dump. It's an unregulated market, everthing is allowed. good morning I open bitcoinwisdom to look at the movement to see the price at 1040 and a dump follow right away and brings the price to 990 some men want to watch the world burn it has been happening repeatedly now, the price goes up the bids build up then a dump follow and again and all over again... That's called profit taking. How to unload your tousands of bitcoins? Everybody should be satisfied with a 10000 or 100000 increase in his wealth (early adopter). Locking in some profit is absoluty ok. Not selling even a small part is hardcore greed. |
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virtualfaqs
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January 07, 2014, 06:11:54 AM |
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I think the massive dump triggered a shutoff switch.... Yeah, but it wasn't even massive, just medium, yet if they have a shutoff for that it is complete garbage. It almost is like a gut fear reaction, Gox doesn't want the price dropping so they just turn off their exchange, haha. The dump was cut off wasn't it? I assumed it was lower than 990. |
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medialab101
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January 07, 2014, 06:12:49 AM |
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That reason would be that MT Gox is a black hole that does not pay its customers out (depending where you live, anyway).
If you live in Japan, wouldn't you be rich?  I live in Japan and just got "trusted" status with Gox. It has been a very slow process (started 2 months ago). So the first day I have it I'm like 'weeeeeeee, let's start arbing...' Only to find out when I log in that my daily withdrawal limit has not changed. Still stuck at $1,000 a day. So anyways, I tried to withdraw $1,000 into my Japanese USD account to test it; however, the withdrawal has been mysteriously cancelled twice now with no explanation. Still waiting for answers. /sadface |
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