The-Real-Link
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April 15, 2013, 10:21:09 PM |
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Sorry for double post but unless they're just getting home or taking the time to confirm the wallet transfer to Gox, I can't believe people are selling in the $70s. Any chart shows there's been a decline for two hours already. Do people not like their profit? If they were desperate to cash out, IDK, $90 seems better than $70. Maybe it's just me.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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Brushan
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April 15, 2013, 10:27:32 PM |
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Sorry for double post but unless they're just getting home or taking the time to confirm the wallet transfer to Gox, I can't believe people are selling in the $70s. Any chart shows there's been a decline for two hours already. Do people not like their profit? If they were desperate to cash out, IDK, $90 seems better than $70. Maybe it's just me.
I think most people didn't know if we'll end up like 2011 or if new money is going to enter the market on a Monday. When they saw the price drop today they made their decision.
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Spekulatius
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April 15, 2013, 10:30:27 PM |
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OK EVERYBODY ITS OVER! Maybe we get another leg down for a double bottom, but thats all for today! Thank you and pass along!
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 15, 2013, 10:32:18 PM |
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Sorry for double post but unless they're just getting home or taking the time to confirm the wallet transfer to Gox, I can't believe people are selling in the $70s. Any chart shows there's been a decline for two hours already. Do people not like their profit? If they were desperate to cash out, IDK, $90 seems better than $70. Maybe it's just me.
I think most people didn't know if we'll end up like 2011 or if new money is going to enter the market on a Monday. When they saw the price drop today they made their decision. Yeah, I personally was waiting for the new money- didn't see it, sold.
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more or less retired.
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The-Real-Link
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April 15, 2013, 10:33:48 PM |
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Well, true. Every one of us has our own rationalizations and such, that's no problem. But hopefully we're going back up. A nice buy @ $80!
Edit. One split second too slow on the capture getting bumped off the charts. Was an ~1,100 coin buy. Nice.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 15, 2013, 10:34:52 PM |
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In addition, with these bombings in Boston tonight- I don't think Bitcoin is going to be getting much press coverage for the next couples weeks. I hate to think we might return to a period of fear. Conspiracy types might head toward bitcoin, but sometimes some level of uncertainty is just too much for some people.
Even worse would be is if someone starts talking about Bitcoin funding terrorism. :-(
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more or less retired.
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The-Real-Link
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April 15, 2013, 10:36:03 PM |
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I think we would all agree that stability would be nice for a change.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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molecular
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April 15, 2013, 10:37:39 PM |
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is that a bullish H&S forming?
seems correct
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Brushan
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April 15, 2013, 10:38:02 PM |
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I'm definitively holding fiat for at least a week to see where everything is going.
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just1nmc
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April 15, 2013, 10:40:30 PM |
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I'm definitively holding fiat for at least a week to see where everything is going.
Yeah.. that's the reason why it's been going down. Most people are waiting to see what will happen. And it's a lot more tempting to sell and secure profits than to buy and hope the trend reverses.
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rpietila
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April 15, 2013, 10:43:26 PM |
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is that a bullish H&S forming?
seems correct Nah, this is bulls grasping at straws. It will not go to $150 this week, even $50 is more likely at this point. I am not complaining, I am working 18/6 to increase my holdings. I got a serious headache getting fiat-rich a week ago, much better to be bitcoin-rich.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Brushan
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April 15, 2013, 10:43:54 PM |
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I'm definitively holding fiat for at least a week to see where everything is going.
Yeah.. that's the reason why it's been going down. Most people are waiting to see what will happen. And it's a lot more tempting to sell and secure profits than to buy and hope the trend reverses. Don't worry. The free market will find a fair price.
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jatajuta
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April 15, 2013, 10:46:30 PM |
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Don't worry. The free market on MtGox will find a fair price. If the DDOsers and the lag allow it.
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molecular
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April 15, 2013, 10:46:59 PM |
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If this insanity continues, at some point Mark Karpeles will have all the money.
EDIT: oh hey: no lag.. why? no ddos?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Terpie
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April 15, 2013, 10:47:49 PM |
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It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.
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Brushan
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April 15, 2013, 10:48:19 PM |
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Don't worry. The free market on MtGox will find a fair price. If the DDOsers and the lag allow it.
There hasn't been a significant amount of lag today. The market is improving and so will the price. Just maybe not today.
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molecular
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April 15, 2013, 10:49:32 PM |
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It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.
this is not far from what I've been thinking. A fast-forward version of 2011. about 10-20 times faster.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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myself
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chaos is fun...…damental :)
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April 15, 2013, 10:50:47 PM |
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Brushan
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April 15, 2013, 10:52:10 PM |
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It's frustrating to think how much momentum/feedback there is in the pricing of Bitcoin. When it's going down, miners are selling --> downward pressure --> holders sell waiting for a bottom --> downward pressure --> would be buyers hold off --> supply expands like crazy. Then on the way up everyone is doing the opposite. I think this crash is going to essentially be an accelerated version of 2011. Sub-$50 pricing , wait for the price to stabilize for 1-3 weeks, then as soon as it starts moving back up for 5-7 consecutive days, the money will come pouring back in. My guess is 1-2 months from now.
this is not far from what I've been thinking. A fast-forward version of 2011. about 10-20 times faster. My thoughts exactly. Which means we'll make alot of money if it happens
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proudhon
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April 15, 2013, 10:52:41 PM |
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If this insanity continues, at some point Mark Karpeles will have all the money.
EDIT: oh hey: no lag.. why? no ddos?
At this point, I think everyone should start accepting the following identity: Bitcoins = Kerpeles
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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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