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DrYe5 (OP)
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June 26, 2011, 02:09:06 PM
Last edit: July 06, 2011, 04:48:43 AM by DrYe5 |
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Where are we going to end up?
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Chucksta
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June 26, 2011, 02:40:45 PM |
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That needs a > $20 option. I'm now well into the black with my $$$, so now holding on to my BTC, and waiting to see what happens with the price as the weeks pass.
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DrYe5 (OP)
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June 26, 2011, 02:51:31 PM |
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That needs a > $20 option. I'm now well into the black with my $$$, so now holding on to my BTC, and waiting to see what happens with the price as the weeks pass.
>$20 is not technically plausible. This is the next 24 hours. Maybe in a week. |
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Malnilion
Newbie
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Activity: 11
Merit: 0
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June 26, 2011, 03:01:31 PM |
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I think you underestimate how much it could fluctuate. Remember, opening price is going to be 17.51 on Mt.Gox.
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DrYe5 (OP)
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June 26, 2011, 03:09:00 PM |
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I think you underestimate how much it could fluctuate. Remember, opening price is going to be 17.51 on Mt.Gox.
Any buyers of significant interest have had their say at Trade Hill for the last 24 hours. The ticker says 17.5 at Mt. Gox but this doesn't reflect reality. |
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Malnilion
Newbie
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Activity: 11
Merit: 0
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June 26, 2011, 03:16:19 PM |
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Not everyone has the means to freely move money from Mt.Gox to Tradehill easily. There will be some buyers on Mt.Gox. You could look at it from the other perspective that the price won't drop past 15BTC because sellers have had their run on Tradehill as well.
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DrYe5 (OP)
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June 26, 2011, 03:26:40 PM |
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Not everyone has the means to freely move money from Mt.Gox to Tradehill easily. There will be some buyers on Mt.Gox. You could look at it from the other perspective that the price won't drop past 15BTC because sellers have had their run on Tradehill as well.
With the majority of the markets coins locked in the Gox, there was a limit to the selling that could occur yesterday. How this limit relates to the smaller size of the TH market is my main variable in predicting today's trading. |
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DrYe5 (OP)
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July 01, 2011, 06:55:00 PM |
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What's everyone thinking now?
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SlipperySlope
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July 02, 2011, 08:23:16 PM |
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Looks like a decline to test 10, then test 8. Recall that in April one could buy a bitcoin for a US dollar. What has changed in the meantime beyond a dramatic bump in public interest that is now subsiding?
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StewartJ
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July 03, 2011, 03:46:44 AM |
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Could it possibly go below $10 by Monday morn? Would this be too much of a buying opportunity to pass up?
SJ
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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July 03, 2011, 09:49:33 AM |
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Could it possibly go below $10 by Monday morn? Would this be too much of a buying opportunity to pass up?
SJ
Looks like its bottomed for this weekend @ low $15 |
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DrYe5 (OP)
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July 04, 2011, 02:25:45 PM |
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Could it possibly go below $10 by Monday morn? Would this be too much of a buying opportunity to pass up?
SJ
Looks like its bottomed for this weekend @ low $15 Looks like a three day weekend. |
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stic.man
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July 04, 2011, 02:36:42 PM |
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shocking that 5000 BTC order at 15 disappeared
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hashme
Member
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Activity: 115
Merit: 10
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July 04, 2011, 03:01:28 PM |
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Was it one sole order?
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stic.man
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July 04, 2011, 03:06:03 PM |
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they're fake bids to prop the market, so probably
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infested999
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July 04, 2011, 05:11:41 PM |
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they're fake bids to prop the market, so probably
People can actually make bids without showing proof that they have the money? |
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DrYe5 (OP)
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July 04, 2011, 06:50:12 PM
Last edit: July 04, 2011, 09:44:04 PM by DrYe5 |
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they're fake bids to prop the market, so probably
People can actually make bids without showing proof that they have the money? No, but trading can be automated by a computer. Someone can place large bids (they must have the money, so you know they are powerful in this market) and cancel automatically when the buy price gets too close (so the buy order is never going to be filled). The purpose of what's happening is that someone powerful is holding a lot of coins. If they sold all at once, they would crash the market. They are using their wealth to prop the market, waiting for a certain number of smaller buyers to build up around their props and then dropping a ton of coins on these buyers. These buyers are getting screwed. Because the large player knows which bids are "fake" he knows much more about the market than the rest of us. Using this technique he is getting a much higher sell price for his large volume of coins than he would otherwise. Ask yourself what will happen when he has sold through his stock and there is no incentive to prop the market. |
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DrYe5 (OP)
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July 05, 2011, 10:27:35 PM |
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Exciting day. Time for a reset. Past data (7/2-7/5):
$0-1 - 2 (4.3%)
$1-4 - 2 (4.3%)
$4-10 - 3 (6.5%)
$10-12 - 4 (8.7%)
$12-14 - 3 (6.5%)
$14-16 - 7 (15.2%)
$16-20 - 7 (15.2%)
>$20 - 18 (39.1%)
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MKW2012
Jr. Member
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Activity: 74
Merit: 1
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July 06, 2011, 05:44:36 AM |
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$12-$14
So far we've reversed the short-term downtrend but the chart is still bearish to me. Hopefully we see some clarity today.
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