Dr. LY
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Activity: 90
Merit: 10
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June 12, 2014, 08:18:46 PM |
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In for a few more coins. $600 seems like a good price to get some more coins pre-moon
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beetcoin
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June 12, 2014, 08:19:13 PM |
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man bitcoin is crazy.. $8 jump within 4 minutes of each other. it was 599.1 and now it is $608.4. may sound like a small number, but to jump by that amount is so volatile.
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Taras
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Activity: 1386
Merit: 1053
Please do not PM me loan requests!
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June 12, 2014, 08:19:31 PM |
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I look away for five minutes, and we've totally ricochet'd.
And suddenly BFX bounces off of $600.
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hyphymikey
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June 12, 2014, 08:19:53 PM |
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I just bought more coins. Time to go up now.
thnx
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oda.krell
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Activity: 1470
Merit: 1007
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June 12, 2014, 08:19:57 PM |
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lets be Realistic bitcoin isnt going to 10K this year
better sell all your bitcoins
I'll quote you on that one, for when the inevitable rally happens, and all caution (and sense) goes out of the window again... |
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derpinheimer
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Activity: 896
Merit: 1000
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June 12, 2014, 08:20:00 PM |
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my simple mind question:
If we all see the price in free fall, who buys on the way down?
Why not cancel all buy orders and wait for a better moment, because right now every minute you wait more is more btc for your buck.
very complicated...
A lot of people believe the moon is coming, and another bunch believe its going to crash a lot lower. Simple. Those buying now obviously believe they are buying near the bottom. |
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Taras
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Activity: 1386
Merit: 1053
Please do not PM me loan requests!
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June 12, 2014, 08:20:40 PM |
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We're losing support. I can imagine a price of 601/602 in the next minute.
edit - there it was. And humongous fucking wall at 630.
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Richy_T
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Activity: 2604
Merit: 2316
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 12, 2014, 08:22:57 PM |
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man bitcoin is crazy.. $8 jump within 4 minutes of each other. it was 599.1 and now it is $608.4. may sound like a small number, but to jump by that amount is so volatile.
Not really, on the way down, asks might be slow to follow so a swift partial recovery is not that out-there. |
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Richy_T
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Activity: 2604
Merit: 2316
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 12, 2014, 08:24:00 PM |
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A lot of people believe the moon is coming, and another bunch believe its going to crash a lot lower. Simple. Those buying now obviously believe they are buying near the bottom.
But obviously nobody really believes it that strongly hence low volume. |
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hyphymikey
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June 12, 2014, 08:26:25 PM |
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Found this on Reddit regarding the longs on BFX  |
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JorgeStolfi
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June 12, 2014, 08:27:03 PM |
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It is 4:00 am in China now. The continuing drop in price at Huobi etc. for the last hour must be arbitragers tracking the fall at Bitstamp & c.
Could it be that there are two separate sources of gloom in the market, one in the "West" (Bitstamp troubles?) and one in China (the Caixin article?). They take turns in causing individual traders to dump, and then each dump gets echoed on the other side by arbitrage and panic selling?
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GreekGeek
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June 12, 2014, 08:32:34 PM |
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It is 4:00 am in China now. The continuing drop in price at Huobi etc. for the last hour must be arbitragers tracking the fall at Bitstamp & c.
Could it be that there are two separate sources of gloom in the market, one in the "West" (Bitstamp troubles?) and one in China (the Caixin article?). They take turns in causing individual traders to dump, and then each dump gets echoed on the other side by arbitrage and panic selling?
please define "bitstamp troubles" |
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CoinHamster
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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June 12, 2014, 08:34:00 PM |
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prepare for more panic selling  it's friday 13th |
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gizmoh
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Activity: 1428
Merit: 1000
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June 12, 2014, 08:35:31 PM |
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Found this on Reddit regarding the longs on BFX |
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YogoH
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June 12, 2014, 08:38:20 PM |
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prepare for more panic selling it's friday 13th What does that picture have to do with the caption? |
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akujin
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June 12, 2014, 08:39:13 PM |
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 It's Jason Voorhees' day  |
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bangersdad
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June 12, 2014, 08:40:52 PM |
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its just profit takers selling that bought in the run up from $340 back in april....there was always a chance this would happen if the bulls ran out of steam..no reason to panic....support will be found soon with volume to surprise.
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TheOnly1
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Activity: 110
Merit: 10
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June 12, 2014, 08:41:22 PM |
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And all this happens exactly when the first world cup game starts....  |
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600watt
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Activity: 2338
Merit: 2106
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June 12, 2014, 08:43:08 PM |
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so it is F M F now and no more C C M F ? (wtf?) |
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thezerg
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Activity: 1246
Merit: 1010
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June 12, 2014, 08:44:10 PM |
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Do USA merchants understand the value of Bitcoin? AFAIK they ALL seem to only accept Bitcoins from US residents. Overstock and now Expedia...
I don't get it. What's forcing this behavior? Obviously, the savings due to no fiat currency conversion provides a much bigger incentive to use BTC for international buyers than the incentive for US residents.
Who are the biggest merchants that accept international orders in BTC?
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