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Author Topic: Amazingly thin ceiling, Price about to take off.  (Read 2132 times)
dhenson
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May 24, 2013, 07:23:58 PM
 #1

Check out Clark Moody group by $5 / 1000 lines.  There are less than 100k BTC for sale on the entire market.  This is the lowest I've seen it.
(it's historically been over 170k)
The combination of the MtGox account seizure and AsicMiner PT share purchases has caused a mass exodus of BTC being for sale on the market.  Add to that an increase in people using other exchanges and MtGox is amazingly thin.

I expect the price to continue to rise in the short term. Hold on to your hats, we're at the beginning of a new bubble.
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May 24, 2013, 07:25:54 PM
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IT'S BITCOIN BUBBLE RALLY TIME!!! (With a baseball bat)
gimme_bottles
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May 24, 2013, 07:26:11 PM
 #3

There are less than 100k BTC for sale on the entire market.  This is the lowest I've seen it.

mtgox is losing significant market shares at the moment, so its no surprise the amount of BTC falls.
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May 24, 2013, 07:26:26 PM
 #4

The sky is the limit

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ElectricMucus
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May 24, 2013, 07:27:26 PM
 #5

Greed is the limit

FTFY

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
adamstgBit
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May 24, 2013, 07:28:15 PM
 #6

ya,

we might see a complete lack of supply launch us into new alltime highs  Shocked

its kinda scary...

gimme_bottles
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May 24, 2013, 07:31:53 PM
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so think of this:
people leave mtgox, the orderbook shrinks, so the price moves faster. other exchanges keep following mtgox. this leads us to an epic bupple.

<--- see my avatar  Grin Grin
Frozenlock
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May 24, 2013, 07:42:51 PM
 #8

ya,

we might see a complete lack of supply launch us into new alltime highs  Shocked

its kinda scary...

Wait, so now if we move $10 in a day it's scary?
The last few days have made you weak!
glendall
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May 24, 2013, 07:56:39 PM
 #9

Well OP called it pretty well.

I thought pretty much all day we were in for a $5 drop.

But yup: I was totally wrong. BTC is going so strong right now.
nicolazza
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May 24, 2013, 08:18:18 PM
 #10

"Slow and steady wins the race."

key word: slow
samson
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May 24, 2013, 08:25:25 PM
 #11

"Slow and steady wins the race."

key word: slow

Good luck with that. In the past I've noted that the higher it rises the faster it seems to rise.
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May 25, 2013, 09:36:17 AM
 #12

"Slow and steady wins the race."

key word: slow

Good luck with that. In the past I've noted that the higher it rises the faster it seems to rise.

...and the faster it falls  Grin
phatsphere
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May 25, 2013, 09:51:05 AM
 #13

up up to the mooooon!

Crypt_Current
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May 25, 2013, 11:20:19 PM
 #14

up up to the mooooon!



This is the least dudely bullish pic I've seen on the forum yet :-D

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May 25, 2013, 11:47:10 PM
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1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q

Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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May 26, 2013, 12:03:59 AM
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up up to the mooooon!



where do you guys find this stuff!?!?  seriously are there gif meme websites that u guys troll all day 4 pics??
Zaih
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May 26, 2013, 06:36:51 AM
 #17

Bubble number.... nvm
hl5460
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May 26, 2013, 06:51:20 AM
 #18

There are less than 100k BTC for sale on the entire market.  This is the lowest I've seen it.

mtgox is losing significant market shares at the moment, so its no surprise the amount of BTC falls.

good point!
As of right now, the trade volume of top 4 exchange:
1. Mtgox:15,033
2. Bitstamp:4,598
3. Btcchina:3,293
4. Btc-e:2,742


or check out in the following website(autorefresh every 30 seconds):
http://price.btcfans.com/

sturle
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May 26, 2013, 07:00:19 AM
 #19

There are less than 100k BTC for sale on the entire market.  This is the lowest I've seen it.
mtgox is losing significant market shares at the moment, so its no surprise the amount of BTC falls.
good point!
As of right now, the trade volume of top 4 exchange:
1. Mtgox:15,033
2. Bitstamp:4,598
3. Btcchina:3,293
4. Btc-e:2,742
This is only counting USD trades at MtGox, and it on a very slow day.  MtGox's market share ususally shoots up when the market starts moving.  The other exchanges don't have enough in their order books.

Sjå https://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
Warning: "Bitcoin" XT, Classic, Unlimited and the likes are scams. Don't use them, and don't listen to their shills.
phatsphere
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May 26, 2013, 09:36:32 AM
 #20

where do you guys find this stuff!?!?  seriously are there gif meme websites that u guys troll all day 4 pics??
images.google.com -> search for "taurus" instead of "bull"
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