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Author Topic: Is it tripple bottom?  (Read 4034 times)
Jonathan Ryan Owens
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November 20, 2011, 11:59:42 PM
 #41

I'll just leave this here.



[1:55am PST on 11/21/2011]

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November 21, 2011, 12:01:50 AM
 #42

I'm going to repost my reply to zhoutong, as this thread became temporarily derailed and I don't want him to miss it:

@zhoutong: Thank you for the concise reply to my concerns. Having bitcoinica around still worries the heck out of me, but I am very glad it is you who is running it. You seem like a trustworthy guy. I hope you do not let us all down.

Since you won't/can't open your order books for the reasons you outlined, then would you consent at some stage to regular independent third party auditing of your accounts and your platform?

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November 21, 2011, 12:02:00 AM
 #43

You think we are going to hit 1.90? I for one do not. Interesting prediction with your graph though but im not sure what donnie darko has to do with bitcoin prices.
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November 21, 2011, 12:40:48 AM
 #44

I'll just leave this here.



I finally stopped laughing so I can post.  Grin


oh wow.
But I doubt the upcoming creep will be this short the network needs 10 days to mine out "the manipulator"

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.
zhoutong
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November 21, 2011, 01:10:09 AM
 #45

I'm going to repost my reply to zhoutong, as this thread became temporarily derailed and I don't want him to miss it:

@zhoutong: Thank you for the concise reply to my concerns. Having bitcoinica around still worries the heck out of me, but I am very glad it is you who is running it. You seem like a trustworthy guy. I hope you do not let us all down.

Since you won't/can't open your order books for the reasons you outlined, then would you consent at some stage to regular independent third party auditing of your accounts and your platform?

I would consider this option, but it's quite expensive.

Most brokerages don't open their books too, I know a few brokers who trade against their clients. (They told me secretly, LOL.) The forex market is so big that hardly any broker can run the stops himself. The only way for manipulation is to manipulate the market making price. That's why the number one assessment of a brokerage's reliability is the accuracy of the prices.

When Bitcoin gets larger (it's necessary to go to $100+ to get "larger"), Bitcoinica will no longer be a factor for instability.

I feel that there's no need to outdo a forex brokerage. If everyone gets third party for auditing, they will all miss a huge selling point - price accuracy.

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November 21, 2011, 07:02:39 AM
 #46

I'm going to repost my reply to zhoutong, as this thread became temporarily derailed and I don't want him to miss it:

@zhoutong: Thank you for the concise reply to my concerns. Having bitcoinica around still worries the heck out of me, but I am very glad it is you who is running it. You seem like a trustworthy guy. I hope you do not let us all down.

Since you won't/can't open your order books for the reasons you outlined, then would you consent at some stage to regular independent third party auditing of your accounts and your platform?

I would consider this option, but it's quite expensive.

Most brokerages don't open their books too, I know a few brokers who trade against their clients. (They told me secretly, LOL.) The forex market is so big that hardly any broker can run the stops himself. The only way for manipulation is to manipulate the market making price. That's why the number one assessment of a brokerage's reliability is the accuracy of the prices.

When Bitcoin gets larger (it's necessary to go to $100+ to get "larger"), Bitcoinica will no longer be a factor for instability.

I feel that there's no need to outdo a forex brokerage. If everyone gets third party for auditing, they will all miss a huge selling point - price accuracy.

just out of interest - how comes a 17 year old hast so good connections? in my whole lifetime i did not speak to a single broker so far .. Smiley
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November 22, 2011, 11:43:52 AM
 #47

With the support of $2 at unprecedented levels (126 000 BTC), I'm calling a 60% chance that this is actually a triple bottom scenario. It also means that I'm back to being a bull, for the time being at least.

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November 22, 2011, 12:50:38 PM
 #48

Until most of the bid walls go poof as soon as the price gets near. 

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November 22, 2011, 01:03:53 PM
 #49

Until most of the bid walls go poof as soon as the price gets near.
This is true, but if a similar percentage of the walls are solid (as before), then we are still seeing the strongest support walls ever.

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November 22, 2011, 01:17:53 PM
 #50

Until most of the bid walls go poof as soon as the price gets near. 

Except last time we were down to $2 and all the bidwalls did not exist there was still a very large invisible bidwall keeping the price there. That along with the fact we now at least appear to have 2 manipulators/big players who are on opposite sides of the asking price I would have to agree this is the bottom. How long we remain here is definitely a question now.
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