Its going up, I CAN"T BUY

[mb300sd]

Damn it bitcoinica, please get more USD soon!

[cypherdoc]

this is typical market behavior.  the washout takes out all the competition and the survivors get the spoils.

we're going UP.

[Vandroiy]

  People maxing out the leverage for longs again?

lol wow oh boy.

[ineededausername]

People maxing out the leverage for longs again?

lol wow oh boy.

oh dear lol

[cypherdoc]

People maxing out the leverage for longs again?

lol wow oh boy.

the problem for you is this time the leverage is in the strong hands with plenty of margin.

[Cluster2k]

People maxing out the leverage for longs again?

lol wow oh boy.

the problem for you is this time the leverage is in the strong hands with plenty of margin.

Probably.  We don't know for sure.  For all we know the strong players may have been burned by leveraging long before watching the market plummet yesterday.

There is a simple and safer alternative to bitcoinica: use your own money.  The market will receive fresh dollars/euros/whatever to sustain real rallies and speculators won't be crushed when the market suffers from temporary bouts of insanity.  Don't have money to trade with and need bitcoinica?  I would suggest these traders should stay away as they don't have any spare money to speculate with.

[cypherdoc]

People maxing out the leverage for longs again?

lol wow oh boy.

the problem for you is this time the leverage is in the strong hands with plenty of margin.

Probably.  We don't know for sure.  For all we know the strong players may have been burned by leveraging long before watching the market plummet yesterday.

There is a simple and safer alternative to bitcoinica: use your own money.  The market will receive fresh dollars/euros/whatever to sustain real rallies and speculators won't be crushed when the market suffers from temporary bouts of insanity.  Don't have money to trade with and need bitcoinica?  I would suggest these traders should stay away as they don't have any spare money to speculate with.

by definition, yesterdays volatility shook out all the weakest accounts.  we've been in * mode most of the day as the strong, leftover accounts snapped up all the leverage.  now they won't give it back until we're much higher.

[P4man]

Be happy. Because here we go again

[chsados]

[mp420]

If you feel you're underinvested, go to an exchange and buy. I think there's plenty of time to send money to exchanges if someone wants to buy at current levels.

I'm thinking of depositing a bit more fiat to Gox, just to cover the risk of the price dipping to the levels where I'd be extremely comfortable buying BTC. During the November bottoming of the market I happened to have quite fortunately placed buy orders sitting there.

[Sargasm]

I think we're going to see a break out to the next price zone in the next week. 

Feels like the consolidation is complete. 

Plus... if other folks are like me... their fiat just hit the exchange. 

[Vandroiy]

by definition, yesterdays volatility shook out all the weakest accounts.  we've been in * mode most of the day as the strong, leftover accounts snapped up all the leverage.  now they won't give it back until we're much higher.

I literally lol'd. The cypherdoc theorem: by definition, anyone who didn't happen to lose yesterday is a strong trader.

Now we just need some construct for strong... lemma: by common knowledge, anyone who can lift up 100 Casascius gold bars is trivially strong?

[Dutch Merganser]

by definition, yesterdays volatility shook out all the weakest accounts.  we've been in * mode most of the day as the strong, leftover accounts snapped up all the leverage.  now they won't give it back until we're much higher.

I literally lol'd. The cypherdoc theorem: by definition, anyone who didn't happen to lose yesterday is a strong trader.

Now we just need some construct for strong... lemma: by common knowledge, anyone who can lift up 100 Casascius gold bars is trivially strong?

I got a chuckle out of that one too, lucky survivors often have a story about why they were "chosen" to survive 

[Cluster2k]

People maxing out the leverage for longs again?

lol wow oh boy.

the problem for you is this time the leverage is in the strong hands with plenty of margin.

Probably.  We don't know for sure.  For all we know the strong players may have been burned by leveraging long before watching the market plummet yesterday.

There is a simple and safer alternative to bitcoinica: use your own money.  The market will receive fresh dollars/euros/whatever to sustain real rallies and speculators won't be crushed when the market suffers from temporary bouts of insanity.  Don't have money to trade with and need bitcoinica?  I would suggest these traders should stay away as they don't have any spare money to speculate with.

by definition, yesterdays volatility shook out all the weakest accounts.  we've been in * mode most of the day as the strong, leftover accounts snapped up all the leverage.  now they won't give it back until we're much higher.

If the smart (or lucky) money snapped up bitcoins on the cheap over the past 2 days and is now trying to sell them much higher, there's something we can do to screw them over: don't buy any higher priced bitcoins.  Refuse to play their little game and keep our bids low (well below $6).  They may cave in once they see bitcoin isn't going to the moon for quick profits.