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myself
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February 08, 2012, 10:44:08 PM
Last edit: September 09, 2012, 10:52:03 PM by myself |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Edward50
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February 08, 2012, 10:47:28 PM |
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The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3.
However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up.
Seems like they don't want it to fall below $5.00, and will prevent it at all costs.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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teflone
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February 08, 2012, 10:48:13 PM |
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The tipping point is 9.75
That is all
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Koekiemonster
Sr. Member
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Activity: 321
Merit: 250
Bitbuy.nl!
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February 08, 2012, 10:48:30 PM |
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We tested the 5.30 low 6 hours ago and since then 26k BTC in bids have piled up. My bet is we won't see it again.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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February 08, 2012, 10:53:20 PM |
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The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3.
However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up.
Seems like they don't want it to fall below $5.00, and will prevent it at all costs.
There's somebody just as intent on the price falling. |
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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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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February 08, 2012, 10:56:52 PM |
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Tipping point?? For what?
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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February 08, 2012, 10:56:59 PM |
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The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3.
However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up.
Seems like they don't want it to fall below $5.00, and will prevent it at all costs.
There's somebody just as intent on the price falling. This. Right now it is a war between two big players leaving everyone else locked in the middle. |
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s1mngg
Newbie
Offline
Activity: 28
Merit: 0
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February 08, 2012, 11:25:22 PM |
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5.3!!
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 08, 2012, 11:43:34 PM |
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Tipping point?? For what?
way down or way up What do you want it to be? |
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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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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February 08, 2012, 11:45:38 PM |
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What do you want it to be?
look at my avatar  Will you lose money if the price pushes past $6.20? |
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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sgbett
Legendary
Offline
Activity: 2576
Merit: 1087
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February 08, 2012, 11:51:39 PM |
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Tipping point?? For what?
The velvet. |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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Hunterbunter
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February 09, 2012, 12:03:17 AM |
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We're at a point where the long term up trend is meeting the short term bear trend.
They will fight. Prices will be wild.
The side with more money will set the final price.
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ineededausername
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February 09, 2012, 12:13:41 AM |
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The battle in the $5's has been going on for a while now. It seems that somebody does not want the price to fall below $5. It is being well defended. Today alone 200,000K volume on mt gox, with it hitting low of $5.3.
However, even after they hit the low of $5.3, a big market player(s), decided to reinforce their position again and drive the price back up.
Seems like they don't want it to fall below $5.00, and will prevent it at all costs.
There's somebody just as intent on the price falling. This. Right now it is a war between two big players leaving everyone else locked in the middle. Remember the Alamo!  |
(BFL)^2 < 0
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waspoza
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February 09, 2012, 12:05:42 PM |
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Its time to short squeeze now im affraid.  |
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bittenbob
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February 09, 2012, 01:31:29 PM |
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Who is to say larger players wouldnt make multiple accounts on bitcoinica with smaller balances so they could maintain 10:1 leverage.
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