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Author Topic: The falling knife is starting.  (Read 5867 times)
notme
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January 10, 2012, 06:11:01 AM
 #21

That's what I'm talking about. looks like we're going up from here though that was a weird selloff.

Big buy followed immediately by a smaller sale, looks to me like someone is covering their tracks.

https://www.bitcoin.org/bitcoin.pdf
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pent
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January 10, 2012, 07:51:19 AM
 #22

+1 it is a bad day for short
zby
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January 10, 2012, 08:29:04 AM
 #23

Someone started the falling knife this morning. I wouldn't go long if I were you guys. It's time to short it down to 3 bucks.  Undecided

It is very characteristic that all threads like this one were started after the correction was virtually over and just before the current rally.
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January 10, 2012, 08:45:35 AM
 #24

Someone started the falling knife this morning. I wouldn't go long if I were you guys. It's time to short it down to 3 bucks.  Undecided

It is very characteristic that all threads like this one were started after the correction was virtually over and just before the current rally.

+1

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naima53
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January 10, 2012, 03:31:08 PM
 #25

+1 it is a bad day for short
+2  it is a bad day for short



How many now time there where CES, well, the presentation isn't cancelled?

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RodeoX
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January 10, 2012, 03:39:48 PM
 #26

I have nothing to sell Cheesy
Then the market doesn't care about you opinion until you think it's time to buy.

lol, that's gold. Cheesy

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cypherdoc
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January 10, 2012, 04:20:35 PM
 #27

you guys see this?  you better get the heck out of the way.  that light coming down the tunnel is a train:

zby
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January 10, 2012, 04:31:04 PM
 #28

you guys see this?  you better get the heck out of the way.  that light coming down the tunnel is a train:


Ha ha - you reminded me to remove my 'price stabilizing bid walls' when I walk away from the computer Smiley

Hmm - and now it seems to be impossible to do!  MtGox is goxing again.
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January 10, 2012, 04:37:15 PM
 #29

you guys see this?  you better get the heck out of the way.  that light coming down the tunnel is a train:


Wait what? What's the time scale on this picture?

Oh this is the last few hours, isn't it?

cypherdoc
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January 10, 2012, 04:39:04 PM
 #30

we've got the Dow, S&P, Transports, oil all over the October highs.  I called this back on 10/6/11.

the next hurdle will be the May highs which i think we exceed as well.

this is all a result of the Liquidity Pump which is on its way and subtly being enacted currently.   

this will jack Bitcoin big time in a continuation of Wave 3.
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January 12, 2012, 06:39:20 AM
 #31

Wave is right. Gonna be a dang big fucker too  Shocked

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old_engineer
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January 12, 2012, 09:11:08 AM
 #32

you guys see this?  you better get the heck out of the way.  that light coming down the tunnel is a train:


Wait what? What's the time scale on this picture?

Oh this is the last few hours, isn't it?
Isn't it kind of sad that many of us can recognize that graph on sight?  And could label the axes if needed?

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zby
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January 12, 2012, 10:22:12 AM
 #33

The current problem is that bitcoinica again shows * at the buy button - all bitcoinica USD is spent.  Some will liquidate their bitcoinica positions and then some others will use the freed USD to go long - but it will not push the price any higher.  We need to wait with the rally until new money arrives to MtGox - and in the mean time a  correction is coming.
naima53
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January 12, 2012, 11:08:30 AM
 #34

The current problem is that bitcoinica again shows * at the buy button - all bitcoinica USD is spent.  Some will liquidate their bitcoinica positions and then some others will use the freed USD to go long - but it will not push the price any higher.  We need to wait with the rally until new money arrives to MtGox - and in the mean time a  correction is coming.
Quote
The asterisk - because Zhou on the party of players, also doesn't want to lose money...   Wink

https://bitcointalk.org/index.php?topic=57178.msg682091#msg682091
Look at the date of my post and chart  Wink

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naima53
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January 12, 2012, 03:33:03 PM
 #35

Muuhahahahaha!!! ^^^^

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dafq is goin on


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January 12, 2012, 03:34:58 PM
 #36

And Slurp. How can people sell them sub 7$??? Fools

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barbarousrelic
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January 12, 2012, 03:45:41 PM
 #37

CES is tomorrow.

Bitcoin will be on TV on friday. ( https://bitcointalk.org/index.php?topic=55171.0 )




Today is a very bad day to short, IMO.

Traders already know this information, and thus it is already reflected in the trading price.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
proudhon
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January 12, 2012, 03:50:55 PM
 #38

It's hard to tell because MtGoxLive is, as usual, not working during all this activity, but from bitcoincharts it looks like in the past 30 minutes or so we had another ~20,000BTC dump.
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January 12, 2012, 03:57:14 PM
 #39

i am not convinced that CES will do increase btc price and i dont know how many ppl will be hooked up on this by bit-pay

Am I missing something, hasn't bitcoin had a presence at CES all week? Undecided

(edit, via MtGox and bitpay obviously)
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January 12, 2012, 03:58:30 PM
 #40

The asks are piling up pretty high - higher than they were before the recent selling/buying activity.
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