Its going down in a few hours

[MatTheCat]

We will see who is placing their bets in the right direction before this weekend is out for sure.

Without drawing lines on charts or anything like that, the increasing reticence of market participants to commit to Bitcoin during this post correction consolidation period indicates to me that the barrels are going to tip down the ways and soon. Most market players are in Bitcoin for profit, and I don't smell any profit in the immediate near term and neither will anyone else. Premiums on LocalBitcoins (UK) are ultra tight also, about 4%. Considering that it costs most British people between 3% - 5% to get money over to Bitstamp, this is tell's me that LocalBitcoin volume is very low and that sellers believe that their coins are going to be worth less tomorrow, not more.

Oh yeah, and if you are trading on Gox (you seem to have Gox prices in your head which are bullshit prices), how do you get by waiting 6 weeks for each scrap of money that you attempt to withdraw?

[Kungfucheez]

Maybe cause everyone is taking btcs off the market and selling them 

Maybe not, but who knows

without some seriously BAD news occurring in the world regarding BTC, it's not going to drop that much.
there is no volume sell possible that would reduce the value from 900 to 600... and even if that were to happen, the 20minute clock would tick and it would simply ramp up again... what i'm seeing is as close to a stable as we have had ^600. it may dip to 800, but not further, like I say, without some seriously negative political press.

True, gonna be interesting to see where we go from here

[raskul]

We will see who is placing their bets in the right direction before this weekend is out for sure.

Without drawing lines on charts or anything like that, the increasing reticence of market participants to commit to Bitcoin during this post correction consolidation period indicates to me that the barrels are going to tip down the ways and soon. Most market players are in Bitcoin for profit, and I don't smell any profit in the immediate near term and neither will anyone else.

Oh yeah, and if you are trading on Gox (you seem to have Gox prices in your head which are bullshit prices), how do you get by waiting 6 weeks for each scrap of money that you attempt to withdraw?

i don't use mtgox pal

[MatTheCat]

We will see who is placing their bets in the right direction before this weekend is out for sure.

Without drawing lines on charts or anything like that, the increasing reticence of market participants to commit to Bitcoin during this post correction consolidation period indicates to me that the barrels are going to tip down the ways and soon. Most market players are in Bitcoin for profit, and I don't smell any profit in the immediate near term and neither will anyone else.

Oh yeah, and if you are trading on Gox (you seem to have Gox prices in your head which are bullshit prices), how do you get by waiting 6 weeks for each scrap of money that you attempt to withdraw?

i don't use mtgox pal

Then why are u quoting 915 as being the Bitcoin price.

I sold at $880, bitcoin is now $820. How does this equate in anyone's mind as a bad move?

[Kungfucheez]

We will see who is placing their bets in the right direction before this weekend is out for sure.

Without drawing lines on charts or anything like that, the increasing reticence of market participants to commit to Bitcoin during this post correction consolidation period indicates to me that the barrels are going to tip down the ways and soon. Most market players are in Bitcoin for profit, and I don't smell any profit in the immediate near term and neither will anyone else.

Oh yeah, and if you are trading on Gox (you seem to have Gox prices in your head which are bullshit prices), how do you get by waiting 6 weeks for each scrap of money that you attempt to withdraw?

i don't use mtgox pal

Then why are u quoting 915 as being the Bitcoin price.

I sold at $880, bitcoin is now $820. How does this equate in anyone's mind as a bad move?

That wasn't a bad move, that was a good bet

[raskul]

We will see who is placing their bets in the right direction before this weekend is out for sure.

Without drawing lines on charts or anything like that, the increasing reticence of market participants to commit to Bitcoin during this post correction consolidation period indicates to me that the barrels are going to tip down the ways and soon. Most market players are in Bitcoin for profit, and I don't smell any profit in the immediate near term and neither will anyone else.

Oh yeah, and if you are trading on Gox (you seem to have Gox prices in your head which are bullshit prices), how do you get by waiting 6 weeks for each scrap of money that you attempt to withdraw?

i don't use mtgox pal

Then why are u quoting 915 as being the Bitcoin price.

I sold at $880, bitcoin is now $820. How does this equate in anyone's mind as a bad move?

didn't say it was a bad move, it just depends what you will buy at again.

[Miz4r]

It was a stupid sell, had I waited an hour I could have gotten $920-$930, so yeah, I was pissed off.

But Bitcoin is now $820, it went as low as $765 and it is going lower, much lower. So do i feel like a plonker? A bit, but overall not really? Are you a plonker for holdin when you should have sold? Most definitely!

You just don't learn do you? Your greed will be your undoing. See you at $1000 soon.

[TERA]

This trend will hold itself in a weak way for another few days probably. Especially with all the news, it could be weeks, or until China takes a shit again (which can always be tomorrow).

[MatTheCat]

This trend will hold itself in a weak way for another few days probably. Especially with all the news, it could be weeks, or until China takes a shit again (which can always be tomorrow).

Looks like a break to the upside....

I reckon another gradual trend up is on the cards, stopping short of last $1000 high and then correcting.

[rolanberry]

This trend will hold itself in a weak way for another few days probably. Especially with all the news, it could be weeks, or until China takes a shit again (which can always be tomorrow).

Looks like a break to the upside....

I reckon another gradual trend up is on the cards, stopping short of last $1000 high and then correcting.

Are you Maxxthepenguin/Joeytheplatipus?

http://wiki.bluegartr.com/bg/User:Maxxthepenguin

[favelle75]

Is it a few hours yet?

[kwoody]

I love it when people assume a pricedrop is coming and the opposite happens.

[arepo]

I love it when people assume a pricedrop is coming and the opposite happens.

the market moves to minimize traders' profits.

[Kungfucheez]

I love it when people assume a pricedrop is coming and the opposite happens.

the market moves to minimize traders' profits.

The market moves to the sound of my Electric Boogaloo

[phazon307]

Prev Shows it at 878 don't think it will go down lower than 800 at least like what other commenters said unless there is some terrible horrific tragic news.

[chufchuf]

It`s not going down. It`s a lateral-movement since 1/8/2014

She looks really horny, nice long hair and an orgasm that's a cross with the exorcist, but those tits are weird

[raskul]

yesterday I bought in at 923. sold at 950.
in my book, that was a good days work.

today i bought in blind (my eyes were still closed and had sleep in them)
i may not sell again til tomorrow.

a job's a job i suppose. I was only trying to help.

[favelle75]

I love it when people assume a pricedrop is coming and the opposite happens.

I love it when people CLAIM a price drop and the opposite happens! 

[TERA]

I love it when people assume a pricedrop is coming and the opposite happens.

I love it when people CLAIM a price drop and the opposite happens! 

To think there are entire professions of people who do this every day and get away it. Investments Adisors. Psychics. Weathermen. Sports Commentators.

[Wilhelm]

I love it when people assume a pricedrop is coming and the opposite happens.

I love it when people CLAIM a price drop and the opposite happens! 

Just like honey badger .... bitcoin don't give a fuck