GigaCoin
Sr. Member
Offline
Activity: 308
Merit: 251
Giga
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January 24, 2014, 03:59:29 PM |
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For the past 3 weeks, every time bitcoin price goes down sharply, it seems to recover fairly quickly.
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Dalmar
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January 24, 2014, 04:09:12 PM |
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Perhaps the powers that be want to create the illusion that the China deadline is trivial and prices will remain stable for the time being. Until the day actually comes they instigate an epic sell-off that will even make make the most permabull hodler shit his pants.
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fonzie
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January 24, 2014, 04:34:36 PM |
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Perhaps the powers that be want to create the illusion that the China deadline is trivial and prices will remain stable for the time being. Until the day actually comes they instigate an epic sell-off that will even make make the most permabull hodler shit his pants.
At what price will hodlers become No-longer-will-i-hodle ? 550$ 400$ 300$
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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MatTheCat (OP)
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January 24, 2014, 04:36:36 PM |
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Perhaps the powers that be want to create the illusion that the China deadline is trivial and prices will remain stable for the time being. Until the day actually comes they instigate an epic sell-off that will even make make the most permabull hodler shit his pants.
I have noticed lots of massive cash outs on Bitstamp whilst trading in the lower $800 range. The recent trends have consisted mostly of very low volume and price stagnation. Anyone who is watching the charts as obsessively as I have been will have noticed all the little automated peculiarities that have served to hold the price up, then after the Bid pressure has built up to such an extent, an 800 BTC ordered comes bang out of knowhere and only knocks the price down $4! The next BTC traded takes the price down a further $15, then a bot trades 0.001 Bitcoin and is the spot right back up to where it is. I have noticed two serperate events on Stamp that were like this. To cut a long story short, for all the low volume and turgid price action, there have been a lot of massive cash-outs executed not just within the minute candle stick time frame, but within one second. And I wasn't so directly tuned into the previous $765 corrections, but this one was certainly triggered by Huobi, strongly resisted by Stamp until I guess the algorithims couldn't cope with the movement of trade, bounced of the $765 as the market would have anticipated it would be, but then started to plummet back down at vicious rate, before the market was saved by some mulit-millionaire stepping in and wiping out the spot chasing ASK walls at crucial moments. I won't pretend that I know wtf is going on but it is crossing my mind that Bitcoin is being managed at these levels to allow a lot of big boys bumper cash-outs. If so, then when the manipulation stops, the price will still be high but the market may find itself badly under-capitalised....which of course means one thing.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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January 24, 2014, 04:37:37 PM |
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Perhaps the powers that be want to create the illusion that the China deadline is trivial and prices will remain stable for the time being. Until the day actually comes they instigate an epic sell-off that will even make make the most permabull hodler shit his pants.
I'm confirming sources right now that appear trustworthy and confirm that this will indeed happen. Notice that bitcoin is not making new all time highs over the past month, which confirms all the bad news and confirms that bitcoin is collapsing. It might seem sad, but it is a fact, as I have demonstrated.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Dalmar
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January 24, 2014, 04:59:17 PM |
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At what price will hodlers become No-longer-will-i-hodle ? 550$ 400$ 300$
No idea, but we will find out in a few days. It might even go to levels nobody will expect.
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DONATION CAMPAIGN | | ▄ ▄██ ▄▄▄▄▄▄▄ ▄███ ▄█████████▄ ████ ▄▄▄ ▄████████████ ▄████▀ ▀██▄▄ █████████████ ▄█████▀ ▀█████▄ █████████████ ▄██████ ▀█████▄ ███████████▀▄███████ ▀██████▄▄▀▀██████▀ ████████▀ ████████▄ ▄████████▀ █████████▄ ▄██████████ █████████████████████ ████████████████████ ███████████████████ ███████████████████ ██████████████▀▀▀ ███████▀▀▀▀ ▀▀▀▀ | | BE A HOPE FOR A LIVABLE WORLD | | ▄▄▄█████████▄▄▄ ▄▄███████████████████▄▄ ▄▄█████████████████████████▄▄ ▄███████████████████████████████▄ ▄█████████████████████████████████▄ ████████████▀▀▀▀▀██████▀▀▀▀██████████ ███████████▀ ▀█▀ ▀█████████ ███████████▀ █████████ ███████████ █████████ █████████████ ███████████ ██████████████▄ ▄████████████ ████████████████▄▄▄ ▄█▀▀ ████████ ███████████▀▀ ▀▀█▄▄▄▄▄▄██ ▄████████ ██████▀█▄ ▀▀▀█▄ ▄█████████ ██████▄ █▄ ▄▄▄▄▄▄▄▀▀▄███████████ ██████▄ ▀█ ▄████████████ ██████▄ ██████▄▄▄ ▄██████████████ ▀██████▄██████████████████████████▀ ▀███████████████████████████████▀ ▀▀█████████████████████████▀▀ ▀▀███████████████████▀▀ ▀▀▀█████████▀▀▀ | | ONE | | little | | HELP CHANGES EVERYTHING | | ➦ | | ..DONATE.. |
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fonzie
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January 24, 2014, 05:02:15 PM |
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I agree, if it should fall hard due to whatever reason a lot of people will get burned trying to catch falling knifes, as the majority is almost 100% sure that it won´t ever go below 500$.
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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pungopete468
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January 24, 2014, 05:07:35 PM |
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I guess it just means that there are some extremely bullish multi-millionaires out there...
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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Dalmar
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January 24, 2014, 05:14:30 PM |
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I guess it just means that there are some extremely bullish multi-millionaires out there...
Banksters and Uncle Sam can even manipulate huge markets like gold. Fooling around with bitcoin is peanuts to them.
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▄▄▄▄▄▄▄▄▄▄▄ ▄▄████████████████▄ ▄▄██████████████████████▄ █████████████▀█████████████▄ ▄█████████████▀ ▄█▀ ███████████ ▄██████████ ▀▀ ████████████ ▄█████████████ ▄▄▄ ▀▀██████████ █████████████▀ ████▄ ▀█████████▄ █████████████ ▀▀█▀▀ ▄██████████ ████████████▀ ▄▄ ████████████ ████████████ ▄████▄ ███████████ █████████ ██████ ██████████ █████████▄▄ ▄██████████ ▀██████████ ██ ▄▄▄▄████████████ ▀█████████▄▄█▄ ███████████████▀ ▀██████████████████████████▀ ▀█████████████████████▀ ▀▀██████████████▀▀ ▀▀▀▀▀▀▀ | | B i t c o i n t a l k ▄▄▄▄▄
DONATION CAMPAIGN | | ▄ ▄██ ▄▄▄▄▄▄▄ ▄███ ▄█████████▄ ████ ▄▄▄ ▄████████████ ▄████▀ ▀██▄▄ █████████████ ▄█████▀ ▀█████▄ █████████████ ▄██████ ▀█████▄ ███████████▀▄███████ ▀██████▄▄▀▀██████▀ ████████▀ ████████▄ ▄████████▀ █████████▄ ▄██████████ █████████████████████ ████████████████████ ███████████████████ ███████████████████ ██████████████▀▀▀ ███████▀▀▀▀ ▀▀▀▀ | | BE A HOPE FOR A LIVABLE WORLD | | ▄▄▄█████████▄▄▄ ▄▄███████████████████▄▄ ▄▄█████████████████████████▄▄ ▄███████████████████████████████▄ ▄█████████████████████████████████▄ ████████████▀▀▀▀▀██████▀▀▀▀██████████ ███████████▀ ▀█▀ ▀█████████ ███████████▀ █████████ ███████████ █████████ █████████████ ███████████ ██████████████▄ ▄████████████ ████████████████▄▄▄ ▄█▀▀ ████████ ███████████▀▀ ▀▀█▄▄▄▄▄▄██ ▄████████ ██████▀█▄ ▀▀▀█▄ ▄█████████ ██████▄ █▄ ▄▄▄▄▄▄▄▀▀▄███████████ ██████▄ ▀█ ▄████████████ ██████▄ ██████▄▄▄ ▄██████████████ ▀██████▄██████████████████████████▀ ▀███████████████████████████████▀ ▀▀█████████████████████████▀▀ ▀▀███████████████████▀▀ ▀▀▀█████████▀▀▀ | | ONE | | little | | HELP CHANGES EVERYTHING | | ➦ | | ..DONATE.. |
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pungopete468
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January 24, 2014, 05:40:24 PM |
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I guess it just means that there are some extremely bullish multi-millionaires out there...
Banksters and Uncle Sam can even manipulate huge markets like gold. Fooling around with bitcoin is peanuts to them. Exactly, Bitcoin is a play toy to scale and there are individuals who own assets worth several times the market cap of Bitcoin. The fact that they are supporting this price means they expect a great return and don't want to see anybody turned off to potential market adoption by witnessing a "collapse." The price has been held up and will continue to be held up until the market can hold itself up. Watch what happens in Feb and March. The price will skyrocket.
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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T.Stuart
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January 24, 2014, 05:42:31 PM |
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You guys don't give HODLERS enough credit!
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Ducky1
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January 24, 2014, 05:44:38 PM |
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I guess it just means that there are some extremely bullish multi-millionaires out there...
Banksters and Uncle Sam can even manipulate huge markets like gold. Fooling around with bitcoin is peanuts to them. Fortunatly for us they can not just print bitcoins to naked short. They have to buy them or lend them withc severly limits their manipulation.
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pungopete468
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January 24, 2014, 05:45:33 PM |
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You guys don't give HODLERS enough credit!
I've been dollar cost averaging once a week for the last month. I bought 3x yesterday and haven't sold any in the last 2 months. lol
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TERA
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January 25, 2014, 12:01:04 AM |
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Considering the scope of the attention and the lightning fast adoption of late I'd be willing to bet that there are some extremely deep pockets involved today that weren't involved a month ago.
Considering how small Bitcoin is right now and the speculation that it will continue to achieve more adoption as time goes on; The pockets could easily be deep enough to buy out the remainder of China and the SR coins without even breaking a sweat...
If wanted to acquire BTC I would want the market to take a death plunge. Indeed, I do want to acquire lots of Bitcoins which is exactly why I want the market to take a death plunge, I however don't have the power to make this happen and have to satisfy myself with remaining astute as possible to good opportunities that present themselves. Far from bringing down the price, these gargantuan flash purchases were strategically placed and triggered to put the halts on big nasty post bounce slip that was gaining momentum rapidly. It looked so certain and then BANG, $250K order within a second, a few minutes later, a $175K order followed by a $140K order, both of them executed within a second. If you study the charts closely, you will see that these large BTC purchases saved Bitcoins bacon. If these were genuine investments from someone with deep pockets, then this person is a fucking horrendous trader as if he had just sat back and let the panic do its work, he could have gotten these Bitcoins $100 per unit cheaper. Your flaw is assuming there is only one player or only a few players. $140K and $250K orders are not that much on a leveraged trading platform now that all the bitcoiners have become rich in 2013. What you see is dozens of different players all playing a game and anticipating eachother's movements. They all see a likely location where a local bottom will occur and some of them decide that it would be wisest to buy the ask walls now. If they don't do it then the other players will buy them first and they will end up eating slippage at a higher price. I don't think any one player even thinks they have the capability to affect the outcome of the market, unless their name is Loaded or something.
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MatTheCat (OP)
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January 25, 2014, 01:41:39 AM Last edit: January 25, 2014, 01:52:09 AM by MatTheCat |
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Your flaw is assuming there is only one player or only a few players. $140K and $250K orders are not that much on a leveraged trading platform now that all the bitcoiners have become rich in 2013. What you see is dozens of different players all playing a game and anticipating eachother's movements. They all see a likely location where a local bottom will occur and some of them decide that it would be wisest to buy the ask walls now. If they don't do it then the other players will buy them first and they will end up eating slippage at a higher price. I don't think any one player even thinks they have the capability to affect the outcome of the market, unless their name is Loaded or something.
It has happened again just then. Bitcoin approaches a bottom, which if breached, would be bearish as hell, only for a 120 BTC order to come out of knowhere and prevent Bitcoin dropping in into the $760s, then a couple of minutes later, two further single 120 BTC purchases boot Bitcoin back up to 780s. These are large purchases, from just one individual or not, leveraged or not, on the face of things they do not make financial sense. These entitities are losing money in order to support a higher Bitcoin price and for what reason, god only knows....although, I suppose that the cost of these rescue buy-outs can be recooperated by dumping into the more positive market sentiment that results from Bitcoin bouncing up and away from vital support zones. Very hard market to trade. The charts look bearish as hell, but if Bitcoin has a fairy godmother(s) floating around (at least for the time being), what the charts say doesn't really matter for a day-trader. Still a long way off from the point where I feel that I would become an investor. For that, I am wanting 2014's version of September 2013 and that just aint now, despite all the ludicrous claims of $800 being 'cheap bitcoins'.
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fonzie
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January 25, 2014, 02:15:42 AM |
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Your flaw is assuming there is only one player or only a few players. $140K and $250K orders are not that much on a leveraged trading platform now that all the bitcoiners have become rich in 2013. What you see is dozens of different players all playing a game and anticipating eachother's movements. They all see a likely location where a local bottom will occur and some of them decide that it would be wisest to buy the ask walls now. If they don't do it then the other players will buy them first and they will end up eating slippage at a higher price. I don't think any one player even thinks they have the capability to affect the outcome of the market, unless their name is Loaded or something.
It has happened again just then. Bitcoin approaches a bottom, which if breached, would be bearish as hell, only for a 120 BTC order to come out of knowhere and prevent Bitcoin dropping in into the $760s, then a couple of minutes later, two further single 120 BTC purchases boot Bitcoin back up to 780s. These are large purchases, from just one individual or not, leveraged or not, on the face of things they do not make financial sense. These entitities are losing money in order to support a higher Bitcoin price and for what reason, god only knows....although, I suppose that the cost of these rescue buy-outs can be recooperated by dumping into the more positive market sentiment that results from Bitcoin bouncing up and away from vital support zones. Very hard market to trade. The charts look bearish as hell, but if Bitcoin has a fairy godmother(s) floating around (at least for the time being), what the charts say doesn't really matter for a day-trader. Still a long way off from the point where I feel that I would become an investor. For that, I am wanting 2014's version of September 2013 and that just aint now, despite all the ludicrous claims of $800 being 'cheap bitcoins'. It´s costs nothing more than some trading fees if the buyer buys his own asks to enleash some bullish sentiment. 5 -10$ above there a few 25-50 BTC asks split, waitin to be bought by "real" buyers. A few minutes later all bids that have been build in the meantime get dumped
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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TERA
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January 25, 2014, 02:18:11 AM Last edit: January 25, 2014, 02:30:10 AM by TERA |
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I agree we are on a downtrend but it is a slow one like May 2013 and there are going to be traders at every step of the way trying to play the local bottoms in order to make profit. There are also investors who might actually think these are good prices (this is bitcoin after all and people are very bullish, especially after hearing news like Tiger Direct $250K). But mostly it is traders and bots with these orders with the sole purpose of taking a profit in the next 5 minutes - 5 days. Once again bitcoin is now a 10 billion dollar market that saw a 4000% gain in 2013. You are over-guaging these amounts of money. There are now a lot of wealthy people willing to gamble large amounts of money at the slightest sign of a profit and there is a lot of liquidity to support them. During the crashes in December, I myself leveraged as much as 400btc at the bottoms. I actually thought it was going lower eventually but I saw a short term opportunity to make a huge profit. And I am a "bear"... now imagine the bulls.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 25, 2014, 03:08:41 AM |
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Your flaw is assuming there is only one player or only a few players. $140K and $250K orders are not that much on a leveraged trading platform now that all the bitcoiners have become rich in 2013. What you see is dozens of different players all playing a game and anticipating eachother's movements. They all see a likely location where a local bottom will occur and some of them decide that it would be wisest to buy the ask walls now. If they don't do it then the other players will buy them first and they will end up eating slippage at a higher price. I don't think any one player even thinks they have the capability to affect the outcome of the market, unless their name is Loaded or something.
It has happened again just then. Bitcoin approaches a bottom, which if breached, would be bearish as hell, only for a 120 BTC order to come out of knowhere and prevent Bitcoin dropping in into the $760s, then a couple of minutes later, two further single 120 BTC purchases boot Bitcoin back up to 780s. These are large purchases, from just one individual or not, leveraged or not, on the face of things they do not make financial sense. These entitities are losing money in order to support a higher Bitcoin price and for what reason, god only knows....although, I suppose that the cost of these rescue buy-outs can be recooperated by dumping into the more positive market sentiment that results from Bitcoin bouncing up and away from vital support zones. Very hard market to trade. The charts look bearish as hell, but if Bitcoin has a fairy godmother(s) floating around (at least for the time being), what the charts say doesn't really matter for a day-trader. Still a long way off from the point where I feel that I would become an investor. For that, I am wanting 2014's version of September 2013 and that just aint now, despite all the ludicrous claims of $800 being 'cheap bitcoins'. We're trying not to spook the merchants that are the key to wider adoption. If this interferes with your day-trading, so be it. You aligned your interests against the greater good of the community, so seems kind of a douche move to bitch about it now. Hell, you might even get your way, But I'll be fighting it. It's not manipulation. It's betting on Bitcoin's future. Workin' pretty good for me so far.
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insert coin here: Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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fonzie
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January 25, 2014, 03:18:48 AM |
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Your flaw is assuming there is only one player or only a few players. $140K and $250K orders are not that much on a leveraged trading platform now that all the bitcoiners have become rich in 2013. What you see is dozens of different players all playing a game and anticipating eachother's movements. They all see a likely location where a local bottom will occur and some of them decide that it would be wisest to buy the ask walls now. If they don't do it then the other players will buy them first and they will end up eating slippage at a higher price. I don't think any one player even thinks they have the capability to affect the outcome of the market, unless their name is Loaded or something.
It has happened again just then. Bitcoin approaches a bottom, which if breached, would be bearish as hell, only for a 120 BTC order to come out of knowhere and prevent Bitcoin dropping in into the $760s, then a couple of minutes later, two further single 120 BTC purchases boot Bitcoin back up to 780s. These are large purchases, from just one individual or not, leveraged or not, on the face of things they do not make financial sense. These entitities are losing money in order to support a higher Bitcoin price and for what reason, god only knows....although, I suppose that the cost of these rescue buy-outs can be recooperated by dumping into the more positive market sentiment that results from Bitcoin bouncing up and away from vital support zones. Very hard market to trade. The charts look bearish as hell, but if Bitcoin has a fairy godmother(s) floating around (at least for the time being), what the charts say doesn't really matter for a day-trader. Still a long way off from the point where I feel that I would become an investor. For that, I am wanting 2014's version of September 2013 and that just aint now, despite all the ludicrous claims of $800 being 'cheap bitcoins'. We're trying not to spook the merchants that are the key to wider adoption. If this interferes with your day-trading, so be it. You aligned your interests against the greater good of the community, so seems kind of a douche move to bitch about it now. Hell, you might even get your way, But I'll be fighting it. It's not manipulation. It's betting on Bitcoin's future. Workin' pretty good for me so far.
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
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January 25, 2014, 03:32:49 AM |
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It has happened again just then. Bitcoin approaches a bottom, which if breached, would be bearish as hell, only for a 120 BTC order to come out of knowhere and prevent Bitcoin dropping in into the $760s, then a couple of minutes later, two further single 120 BTC purchases boot Bitcoin back up to 780s.
These are large purchases, from just one individual or not, leveraged or not, on the face of things they do not make financial sense. These entitities are losing money in order to support a higher Bitcoin price and for what reason, god only knows....although, I suppose that the cost of these rescue buy-outs can be recooperated by dumping into the more positive market sentiment that results from Bitcoin bouncing up and away from vital support zones.
Very hard market to trade. The charts look bearish as hell, but if Bitcoin has a fairy godmother(s) floating around (at least for the time being), what the charts say doesn't really matter for a day-trader. Still a long way off from the point where I feel that I would become an investor. For that, I am wanting 2014's version of September 2013 and that just aint now, despite all the ludicrous claims of $800 being 'cheap bitcoins'.
For the past few hours the exact opposite has been happening. Sellers appear on BFX and hold the price down on Bitstamp. Fact is, people buy and sell coins. Sometimes big buyers want to buy. Sometimes big sellers want to sell. Why do you get your knickers in a twist? Fat lot you're going to do about it by whingeing.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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