Rally!!!!!

[beckspace]

Scary wall!! U$ 350.000,00 to tear down it. Not likely.

Rally called off.

But, it also looks like a manipulator move.

Some people don't want to see big movements far away from U$ 5.50 until a big part of Bitcoinica's refunds are completed.

[TraderTimm]

A trading range plateau between 6.40 - 6.70 wouldn't be so bad either...

[anu]

That's probably right.  I still think $7.20 will provide some significant resistance.  There's still a chance $7.20 remains the 2012 high.

Proudhon, I think you would seriously suffer if ever you made money on rising prices 

I am looking forward to a few months where the average price doesn't move and the difference between daily high and low is less than 3%. Let the exchanges make some money on statistical arbirtage.

[BTCurious]

That's probably right.  I still think $7.20 will provide some significant resistance.  There's still a chance $7.20 remains the 2012 high.

I wonder what the market cap 2012 high will be though

[proudhon]

I am looking forward to a few months where the average price doesn't move and the difference between daily high and low is less than 3%. Let the exchanges make some money on statistical arbirtage.

I think we're in for many months of relatively stable prices, but I doubt the price will get stuck in that narrow a zone.  I think a move down into the $5s is likely, but slowly over the rest of the year.

[GeniuSxBoY]

Now we know he has 35800 bitcoins and about $10,000 in cash on hand.


edit $20,000 now


edit: 32000 bitcoins and $27,000


edit: 29000 bitcoins and $45,000

[proudhon]

Now we know he has 35800 bitcoins and about $10,000 in cash on hand.


edit $20,000 now


edit: 32000 bitcoins and $27,000

Nice.  Hopefully he doesn't sell anymore. 

[GeniuSxBoY]

At this point he has probably made $100,000. The last time someone purchased 35,000 bitcoins was in the upper-mid $4 range.

[proudhon]

At this point he has probably made $100,000. The last time someone purchased 35,000 bitcoins was in the upper-mid $4 range.

Then he should take the rest of his absurd profit.

[ineededausername]

Blatant manipulation... surprise!  Bidwall goes up right after huge sell, 0.3 under.

I hope this guy doesn't get away with it, but if he does, I'm joining in the manipulation

[GeniuSxBoY]

Don't get caught with your pants down






 

[naima53]

Scary wall!! U$ 350.000,00 to tear down it. Not likely.

Rally called off.

But, it also looks like a manipulator move.

Some people don't want to see big movements far away from U$ 5.50 until a big part of Bitcoinica's refunds are completed.

+1 to the point!

[kneim]

I'm aware of trading in EUR is mostly significantly higher than in USD. It seems to me that Europeans try do diversify their assets this pushing the price.

So in my opinion big selling walls will not stay for long. And if the Europeans will have solved their problems in some way, the ones of America will reoccur again.

[Technomage]

So in my opinion big selling walls will not stay for long. And if the Europeans will have solved their problems in some way, the ones of America will reoccur again.

The Europeans haven't solved anything yet. The Euro is in a very precarious situation. You're right on the US situation, they actually have it even worse, their problems are simply shadowed by the impending Euro situation.

[Vladimir]

Bitcoin will be alive and kicking long after EURO demise, and it all will not take that long.

[anu]

Bitcoin will be alive and kicking long after EURO demise, and it all will not take that long.

The question is only: Will you find anyone who takes this bet? 

[ElectricMucus]

I somehow think that the Euro disaster will take longer than expected. From what I've heard TPTB would like to last till at least till they got through with the American Union. So they can then phase in a world currency to replace the amero and the euro.

So in that respect the Euro collapse is tied to how long the dollar will last in respect to PM. So what I would propose is think of a way to back up bitcoins with private stacks of PMs and make it verifiable in some way.

[GeniuSxBoY]

can you feel the squeeeeeeeeeeeeeeeeze?

[hazek]

So in my opinion big selling walls will not stay for long. And if the Europeans will have solved their problems in some way, the ones of America will reoccur again.

The Europeans haven't solved anything yet. The Euro is in a very precarious situation. You're right on the US situation, they actually have it even worse, their problems are simply shadowed by the impending Euro situation.

It's ironic really how the corporate media propaganda machine in the US is blaming Europe for this new downturn when in fact they should be thankful Europe's lack of outright demonetization of debt by the ECB in order to keep the rates down exposed our problems first and diverted the limelight and focus away from the US which has the very same exact problem but by a huge amount worse.

[TraderTimm]

Bitcoin will be alive and kicking long after EURO demise, and it all will not take that long.

The question is only: Will you find anyone who takes this bet? 

I'm on the same side as Vladimir. Bitcoin will outlast the Euro and the Dollar.