Someone just bought a lot of bitcoins

Flashcrash alert.

The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.

Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited.

Risk of a change in main trend is low.

Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.

A call to Stampers, look at the chart no dumping is causing crash even from 300. Bitcoin has a lot to climb, a lot. So 283 at stamp is a bargain!

With all probability 266 has become a floor. Since you should anyway not take risks with bitcoin (not invest more than you seriously, honestly can lose), now it is optimal to buy as quickly as possible. The price is rising and nobody knows how high it will rise, and even if it collapses afterwards, the new low is probably higher that previous ATH:

2011: $2 low vs. $1 old ATH
2013(1): $60 low vs. $32 old ATH.

Next week the price can be 500, then I would not buy any more, it starts to make sense to wait.

312! ... and another!

Gox led this time though.  China appears to have calmed down.  Are those buying on gox sticking their necks out for the axe?

Panic some more, please. It is so fun to watch


What we are seeing now was not so hard to predict:


BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

lol what this is super bullish info, look at the spike in bitcoin interest the past few days.  

pretty soon everyone on earth have heard the word bitcoin, yet another mille stone

BITCOINS are on fire !! The value has hit $400 omg. Cool down Chinese stash your black money somewhere else, damn it.

He who dumps first wins!

Edit: love the 400/401 bid/ask walls of 150 each... face off.. probably the same guy

Hmm to buy a couple coins now or wait till its 400 tomorrow.. hmm quite the decision too make.


ATH 399

+1

It's obvious you misunderstand the full definition of "fiat".  Fiat can be a government issued currency but it also is defined as a currency with no intrinsic value.  Bitcoin, like USD, only has value because we agree that it does.  Thus Bitcoin is simply another form of fiat currency.  Bitcoin though, is not debt based.  So thats good.

...  We didn't even go below $400 (yet?).  Don't you think it is a little early to start bear-boasting?

Fucking perma nervous, shaky bears.  Fucking rofl..

Bitcoinity hasn't updated in MINUTES! might have to go to bed LOL!

I need to get some sleep, and I pray the train to the moon waits a week...

~end of the WEEK!!? LOL 

We are nowhere near the inflection point of the adoption curve. You will know we are getting close if you can order off of Amazon with Bitcoins.

For the poll, what's few??

Like, few = 4, or 8, or 16?

I can totally see $1000 before 16 weeks pass, but I doubt itll occur within 3-4 or anything.

World has gone crypto crazy!!

BTC touching 3600CNY again

LTC up 10% on BTCe

Great entertainment

I missed the train last weekend when it exploded from $330. I thought it would go back down, but no. Oh well. I've been back in the game since $440, and I'm glad to see the price go up.

I'm pretty confident we'll make $800 by next weekend. Anyone else think so?

Edit: Bitcoinity just hit the ATH - $595. Now to count down (up) to $600.

Entering bubblemode.
Will sell all the way up. Can't wait for the next crash. This is going to be epic.  

Don't feel bad mate, I'm the same. My funds cleared at $280 and I thought 'no chance, I'll buy when it crashes'  

And who said i wouldnt make profit on my BFL paperweights

It seems like the US market is overbought already and following China.  Any downturn there and gg... $200 coins...

Why bitcoin?   Answer this, what is the max WoW gold that will ever be farmed?

seeing the markets come closer together from mtgox bitstamp and cavirtex

Nah, dumps starting off steady and getting steeper and steeper, sudden turn until it crests then rinse and repeat to match market harmonics.

EDIT: Stimulates panic and pushes the rate down while making the manipulator fatter and fatter.

Only if the market is Bearish.. We clearly see a hard floor.. gox has trouble getting down past 600, cause so many bulls who were late and pray for crashes got orders lined up down there, I would also speculate they speculate to go long

395 $.  

if we go below 390~395 > 266.

We just visited $566 on Stamp, didn't you realize?

Argh, Who am I kidding... I love bears! 2 Whole BTC's for free thanks to this lovely volatility.

I admire your bravery.

I find it difficult to understand why people keep their money on Gox.

The drop in China will be spectacular when it comes. They're really betting against gravity.

BEAR TRAP

BUY NOW!! LAST CHANCE TO BUY AT SALE

A line that's not 50$ thick, it's just an easy way to make it look nicer...

Bitcoin is appreciating at 1140% per year. The trendline price for November is $328 and December $404. After several months of significantly behind the trend, we did a spectacular overshoot to $1100/$900/$750 across main exchanges. Immediately followed an hourly-term bear market, characterized by (mainly) lower highs and lower lows. We are now 40 hours after the pop.

Currently the price is at double the trendtarget. You can stretch a rubber band a lot, but when you release, it starts to contract with force. Force must be applied to reverse the course and stretch it back to 3, 4 or more times the trend. The natural tendency of the rubber band is to contract to the trendline and even 25%-40% below it.

Since this bubble developed so rapidly, the trend had no time to catch up or adjust. Therefore, despite my earlier predictions that the next crash bottom will be $500ish (double the pre-bubble ATH), I will have to adjust the downside target to about $300. This is 33% below December trendline, and also higher than the previous ATH, which will act as support. There are currently not many supports between that and the new high. These will be formed as we grind down.

In my observation, the forum is overextended and cannot buy the price up. "Others" will act according to time-tested statistical principles (refer to 4/2013 bubble pop for details). There will be a bear market lasting for weeks. Many in this forum will not acknowledge it even after it is over It will not be a huge event, and absolutely nothing to care about if you are a long-term holder. But traders do well to understand that sometimes even fiat has its day.

I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max).

I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours).

I give 75% probability to the scenario.

Otherwise the common wisdom does not hold, and 2010 is back.

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

Seems to be quite the push to paint the tape green for the day . . .

China is now about 65% higher than a week ago. If the ones there that actually have bitcoins, decide to take profits, it can and should fall to <3000. Some of the buying in the west in the last 24 hours has gone to keep the lid on China price and there are still arbitrage opportunities left.

It is important that China goes down in daily chart.

Haiku!  (well, almost)

Its more than a bit arrogant to equate # of bitcoins with knowledge or intelligence in trading. It makes you sound small for suggesting it.

More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.

Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.

You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.

Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.

I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.

But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for.  I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."

You never know... it's Bitcoin world.

This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...

It is not intelligence but the resources and tools available for trading:

With BTC10 trading capital you can pick opportunities that the elephants cannot. But the elephants can use their BTC1,000 trading capital to manipulate the bid/ask volumes, erect small walls and do dumps. As for the large holders (BTC100,000), the market is at their mercy when it is ripe for a correction, because they can do whatever they want. Only rule is that when they relinguish coins, the average price has to be higher than the buyback.

For this reason, based on the trend analysis, this was a good chance to go bearish. Even if I am wrong initially, sitting tight on this fiat position is all right because I know that bitcoins are a tad high atm, and only after 4 months they "should" be worth this much.

There may be collusion between some large owners, I don't know. But the same effect follows even if everybody just acts individually, trying to outsmart others.

I think BTC100,000 manipulates this market more now than ever, because of the exchange situation... But I don't have such money to play with. Otherwise I think you are right.

China is long awake. It's 10am in western europe. So it's late afternoon in china.

I think it's a dead cat bounce. China is struggling -> before it was 200-300$ ahead of GOX, now the gap is smaller then 50$.

So what?

lmao this it crazy SELL

Find it rather troubling that BTCChina is not on rally mode, the last hours that is.

changed trade alert  threshold too 50 btc, lets me know of inc dumps asap lol. Almost bit on that last one.

Since it is clear we are likely to have more then one bubble a year now, I think it is prudent that we start naming them. Appending the year as the prefix of the bubble just doesn't cut it anymore.

I think we just call overshoot/corrections "bubbles" now.   Even April looks nothing like a bubble if you look at the long term charts.

Not sure why you would insult . . . That is not cool at all.   I was actually supporting your comment, saying we did not have a bubble pop at all.

1k+. There will be ATH at stamp in a seconds.

China seems a bit more uncertain about reaching for the stars again than Stamp or Gox.

It only means that the fiat arrived really late @ stamp
A few are still waiting (transferred more then a week ago).


I'll wait till something happens with BTCChina. Hopefully enough bulls push the price above BTCChina levels and some clever whales cash out with big arbitrage profits.
Panic selling starts -> whales can buy cheap goins again -> double win

Buying now is more risky than fucking a street hoker without a condom.

That's not an issue it's a feature!

Nice work, I know you're in multiple exchanges too. And you're doing this manually? If so, might I suggest heading towards something a bit more automated, at some point-- I can't imagine trying to manually handle arb across the exchanges. However, it sounds like a good idea for me to cancel my arb strategy as I see it dissolving in front of my eyes. Not like you need advice on making dough.

Better to learn from the mistakes of others than your own.

Not sure if your intention is to argue for or against me, but that exactly shows why the 7 tps limit is by design (thus should not be removed to ensure decentralization, another key point in bitcoin design) and makes it impossible for it to compete with credit card companies.

Mwahhahah

Then I looked at BTCWisdom and saw 6000CNY hoving in to view...that was Mr Reptile's prediction about 2200USD...1700 probably seems more realistic.
What fun

do you really believe that bitcoin goes down? why have you then invested in the first place?
two possibilities:
a) bitcoin becomes accepted as an underlying principle of money-transfer in a few years
b) bitcoin fails

i don't care what the usd-btc exchange rate does in the meantime. i bought (and will continue to buy) because i believe in a)

It seems pretty clear that the trend has reversed.

The parabolic speculative trendline is diverging from the linear support trendline. Each correction becomes deeper and more violent with more coins. I think the next correction will be the crash. It will be a "correction" from some parabolic speculative $1700 back to the supporting trendline which will be at $650, and go down to $500 due to momentum. The magnitude of the correction will make it the crash.

I will have no regrets about selling half my coins around 1500. 1200% gain is enough.

Stamp now higher than Gox for quite some time. It's indeed a new paradigm. 

Where is there alot of coins "suppressing" the price?  I'm not seeing it...

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

The vast majority of our friends (not techies or by any means "early adopters") were not interested in investing at $60, they were bored of us and our Bitcoin rambling.

Now that we're at $800 and Bitcoin is in the media, they are desperate to buy. If they all do, we will shoot up to $2000 or $3000 -- I absolutely agree with the bulls. However, be careful what you wish for. We may well crash in a blaze of glory, and most will be burned. TBH I have much higher hopes for bitcoin. Something that appreciates more sensibly  year-on-year is much more valuable to all of us. $3000+ by the end of next year, for example would be very exciting. $500 and restrictive BTC regulation in China -- not so much.

@rpietila, back on board, or still waiting for cheaper coins?

He did give up advance warning of his Saturday night sell off, which I'm equating with that well planned multi-exchange 10K sell off.

Big money wants in, don't be fooled by the big fish who patiently waits for cheaper coins.

This is no 2011, the stakes are much higher this time.

You will see more of the heard into Bitcoin, and they will just bring in liquidity.

That's just a minority. I think the majority is smart enough to do proper research first and then buy and hold.

Also that probably no one in this thread is taking part in the real bull/bear fight.

it reached late 400's after the all-time high though... maybe not in the past 2 or 3 days, but it definitely happened.

With so many expecting it, it may never happen.

Slow, consistent, those words don't exist in bitcoin.

gox above china in $ 

Hmm, we're getting some fuel in the rocket. I'm kinda surprised. Could get interesting really fast.

Haven't the whales already been dumping?  I think they are not getting the same results that they used to get though so perhaps they will slow down a bit.  Also, as time goes on they will sell coin and the whales will be holding less to dump I would think.

2k wall at 800. that whale is really trying to push up the price 

don't you guys hate this feeling of nervousness, waiting by your computer checking a ticker to see if your investment has reached the point of 0? it gets tiresome, but it's money.. i MUST HAVE.

some large buyings at bitstamp, but still pretty walled by that 1500 btc guy

as long as he remains sitting there, bitstamp won't follow gox

Its not an insult, you guys need to research about this reptile dude b4 even bother reading his post. He was a laughing stock. Then he admitted that he needed help and checked into rehab. None of that is an insult. I'm shocked seeing him back and the same old "i'm loaded, i'm dumping coins" BS.

I truly hope him well.

I think we will take a break today at around 860-870. Going too fast only on Gox isnt a good thing.

Gotta wait for the Chinese and Bistamp to catch up.

So rpietila sells all hes coins at 900 while bigger whales laugh their asses off

People buy 169 coins at 946$  

Someone please tell me why Bitstamp is holding back.

It can't. The market can certainly remain irrational for a good while yet, but longer term all these currencies are headed straight back to whence they came: zero.

Price isn't moving because everyone's busy pumping alt-coins.
 

Be cheerful guys, we just came out from a parabolic growth phase unharmed and without a bear market following a pop. On the contrary, we resumed a healthy upswing at a sustainable pace.

Now we need the infrastructure to catch up. Bitstamp and Gox cannot manage world exposure. I never thought I would say this, but best thing would be a big player buying Gox to build a serious and solid exchange.

900 coins at.... oh wow someone wants some money

1000 @ 979 now

in to 500 at 978.5

Absolutely not!!! You will risk ie buy now!!! Invest in us! Invest in yourself! 

Personally I'd rather buy at 1000gox.. then buy right now at 970 gox.. or the cavirtex equiv of 910 or so

Funny how much people want to invest in fiat. Not sure if that's so good investment...

Get a vote put up?

Nominees: 'bit' / 'embit' / 'milli'

We need to have a term - and imagine that coffee shop increasing the price in USD and putting it down in BTC often enough for people to realise what inflation REALLY means!

 

You don't owe me anything. I just realized today that when using deflationary currency, if I produce something and its value is represented in that currency, you win too, since the price of the currency goes up. It's vice versa too!

In fact, I should be thanking you, so, thank you sir, you are really kind!  

Call it a "satoshi stash." It has a better ring to it.

I can't tell if these are pumps or the greatest bear traps of all time.

summer 2013 was the greatest bear trap of all time.

It just hit 40 USD right now

So who is selling, 5 digits?

The wall attack on Stamp is starting - a wall is building at 999.5 in front of the 1K ask wall...

Let battle commence

Goat cashing out?

Yes, and then the price crashed from $30 down to $2 while we waited for infrastructure and merchants.

Or...just take advantage of crypto currencies beautiful ability to move between currencies and ride the LTC train to $100+ on the back of BTC's success.  Crazy thought I know.  Utilizing the technology...who would have thunk.   

I'm saying to everybody that now is the time to buy bitcoins, this train is going to at least 2000+ USD and maybe even 3000+ USD before next crash. And it's unlikely that we will see <500 coins ever again, maybe we even don't go below 1000 after next crash.

Gox going for 1.2k and cavirtex is still at 990cad  oh lordy.

how did i just make 250$ from 2btc trading !?!?

wait what? since when is gox 0%?

Well, my 0.76 has become 0.71 - like I said, even with 0% fees, I'll still end up with squat. It always, without fail, goes the opposite to what I do.
Maybe I should get a bot and set up to Crazy Ivan....

I'll fix that tomorrow 

I wonder if the 0% trading fees at the largest exchanges (china & gox) is contributing to this misleading stability.

Can you explain by what mechanism that could possibly work?  My experience and several academic papers would disagree with you.

For example: http://m.rfs.oxfordjournals.org/content/25/11/3389.short


In other words, lower fees leads to a full book and thus more stability.

Yep.  And that small wall at 1150 got eaten.

yar the dump is strong tonight

Bear fest sure enough.

Didn't see all of them but there was a 1000 sell in there for sure.

The Chinese obviously woke up on the wrong side of the bed this morning.

Stop loss @ 10 below your top saves the day sometimes.

Yeah.  Panic is recommended.  Sell quick.

I wasn't watching much on Thursday because I live in the US (Thanksgiving holliday).  However, in the past temporary 0 fees on gox has generally led to more stability.

So if I understand correctly, you are saying that people will rush to trade since the fees will be going back up?  There may be some truth to that, but the book will still be thicker, especially close to the price.

wtf now that I bought back again everybody turned bear? 

I had to remain bullish to recoop on my 0.03 losses to ltc and nmc AHAHAH so thank I hope to see the bull wake to cheaper coins and push us and past gold/parity for at least a week.

Are we in panic mode again?

real sharks never sleep.  http://en.wikipedia.org/wiki/Shark#Sleep

I think this applies here.. institutional money is like a Rhino.. that runs during the week

as the north american bear takes a peak out of the caves.. the north american bull kicks up dust

yep... get ready next week, this was a great correction.  also, on stamp and maybe gox, there is no money left, and China is hesitant, waiting on a signal.  Once again next week, I predict a major bounce plus rally, with China leading the way mid week.

Well we're seeing some action.  Anybody panic sold yet?

There are about 12M BTC currently in circulation.

Gox just touched 1.2 USD/mBTC...

It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.

Even had you been awake to place orders you still would have missed it because Gox was running minutes behind. so, everytime you placed a buy the price had already moved far away from your bid.

I caught it @ virtex, but it was a bit nerve wracking with the delays and glitchy performance. I got all safely back in, price came back up, and then my latest deposit cleared LOL.  

Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.

The important thing is that the Chinese government have eventually 'showed their hand', which we have all been waiting for. And it's not good news.

Yes I agree, just getting caught up in the excitement. Like I said earlier I still think 1mill per coin is going to happen. But this is a temporary bad news. I think we will feel the effects of this for a few weeks, if not months. Not only because of what has happened in China but because it will effect the confidence of all our new investors, small or big. The media which has helped rally us to our latest ATH with such voracity will act as a two edged sword and now do the opposite touting the crash which will upset our adoption rate.

I don't think we will see several months like the last time, but we will have to go into a bear market for a few months, forget this bad news, recuperate, get more good news, and advance on another ATH attack, how long that takes, I have no idea.

But didn't China ban it as a currency too? In that case probably the main purpose of bitcoin is void. I'm not saying that's the case but that's what I heard. Banning the banks is moot, who cares? But banning the currency aspect of bitcoin is really not cool.

That bid wall at Bitstamp has brought the price up to $1030 from $950

I think we'll break an ath into the 1300s if we're going to remain bullish for the week. I mean 1110 by 11am est seems ez at this point.

Nah, it's Friday only, this is not over yet.

semi agree, I remember on the 5th we had a solid drop at 4am est kinda similar to this.. followed with a slight up trend and another drop then it leveled out

Who knows.... Spec's are in unknown territory.

Once again we see resistance around 900. Is there such a thing as a triple bottom?

Look at the 7d, it would actually be a quadruple bottom.

If you are panicking still you are seriously retarded.

I can't even browse this forum for 2 minutes without being logged in and have ignore turned on. Is that guy Walsoraj a troll or really just mentally handicapped? I can't tell the difference.

Gox's fees are too high. It is unprofitable to trade there.

sigh, wussed out closed my position @ 926.  But just started a new short @ 911, forgot today is only friday morning.

On the other hand, there is also unlimited of BTC's that can be added to the exchanges to be sold.

go for 850 why not.

everytime i go to buy this happens.

What an absolutely perfect time for CAVirtex to roll out an update to their website  

For very small values of 'up'?

Yup, I think we just witnessed the popping of the third great Bitcoin bubble. I was expecting it to reach > $2000 and last another month or two personally.

Wow, my first sell order went through at CAVirtex (from like 10-20 minutes ago?), let's see if that second one will fill.

guys this is really fishy... I see massive buys on other exchanges!!! do you think this was all played ? create some panic people start selling and some big hands eats the weak hands ?

its breaking in a new way

Bitcoin: you have my permission to crash even harder now.

wow, so many loony bears out there.

DONT FORGET YOUR PURSE.

I knew it was FUD right away, because in China, you don't get arrested. You disappear.

At least let the show run it's course before guessing the ending! We got 2 full days to go, time will tell!

lol wtf? retard of the year, money where my mouth is? you get out of the wrong side of the bed?

My fiat landed late November, I've ignored this whole run up to 1200+ waiting for the come down on the other side, I'm five figures in fiat watching the price go to the moon and back with the constitution of a lion. Also, I'm not here to prove anything to you. I'm here to invest my limited savings with the highest returns I can, for the benefit of me and my wives future. If you wanna put shit where your mouth is, go find someone else.

Agreed.  Once people are comfortable that these developments have been fully digested by the market, they will buy back in.  Price discovery is a beautiful thing.  I predict that those who cashed out for good will regret it in a few months.  I've got some fiat on the sidelines waiting to jump in.  Eh, picking bottoms certainly is a dirty business

No....November I had them...

Seems cavirtex.com new trading platform is broken.

Perhaps a sad attempt at high volume trading.....

I suppose this is "the" way to scare off traders.

Last time I buy and hold. Worst strategy ever.

Since $200. It just makes me sad knowing I could've doubled my BTC today.

I feel we still have some downwards movement left to go so panic selling may be in order. This currently feels like another bulltrap. We will see.

on the 3 min chart look for 3 legs of buying up, is so we may have put in a bottom

no bottom here, just a small bull trap.

definitely doable.

looks like consolidation in the ~670 range now...  might be time to get a nap in

sitting around 70/30 btc/fiat now

see you at 5:20 est lol

Why only a plus of ~1.5 BTCs?

By a price difference of 230$ * 35.8 Coins = 8234 and buying back at 610 = 13.5 more coins?!

I missed all these oportunities because I had no balls and am easy to manipulate by reading posts here :/ Had a good feeling about selling @1100 after the china news but am always reading here that we will soon see 10.000$ by the end of the year ^^

It's interesting, noticed it earlier.

All I can think of is that the China news gave us the pop that we all wanted, sooner we crashed the sooner we get back to break 2k.

Edit: someone suggested BTChina may have temporarily suspended some transactions until verifications are processed?

Massive pump going on @ bitstamp

+3.14

It's possible to go short? 

China got us to 1200 and china crashed us back down. There's going to be huge uncertainty until china figures out the reality of their situation.

On a plus note the black market in china is probably bigger than the economies of most nations.

getting ready for todays crash. what a painful weekend.

I suspect this is a lonely whale-bear nothing more.

sarcasm?

someone remind me,
why does the picture ALWAYS look like this?

lol ok 3-5 days is a LONG TIME

Bears are getting nervous about their shorts, I can smell the fear.  

Doesn't it always?

Oh noes!!! Remember chug-a-lug a liter or 4 of water before you sleep!!! I hatez those hangoverz!!! (puke if you have to, it's your thread!)

Cheers, buddy! 

I don't think Goxxing counts. Most people who are 'goxxed' are people who keep forgetting that Market Orders go in order of placement, and that the special MtGox LagEngine (TM) comes into effect when many people place orders at once.

Also, bye bye 700

I think we're now we're now working on the "arm of death" as the final bulltrap before capitulation.

Last chance to sell at 700+ guys, better go for it...

anyone just buy in the last hour over $800? If so, how are you feeling?

Could someone explain in simpleton terms this type of chart please.  I have seen it 100's of times but never understood it.

if those people buy now they have "lost" money just like you "lost" when you bought 900+ and not now, i'm not trying to be a smart ass, just telling numbers

last chance to sell under 1000$

Reread my post... and realize it makes no sense.. then lighten up

I dont think there's much upside in buying now in the 950 range. We already know there is going to be resistance at 1000 as well as ~1200 - and even if we overcome those it could stay in that range for quite a while. I almost rather buy at 1300 (35% more expensive) knowing full well we're in a definite 'CCMF' upswing than buying now possibly at 100% premium if this is a bull trap. Don't know how much validity there is in this strategy but it feels right to me.

No offense intended, I do have the opinion we' re heading for another FAST ath rally before correcting again.

I've sent wires on Friday, I wonder who else did. Money will be coming around Wednesday I think.

Look like i was right yesterday. Too much greedy bears waiting for unrealistically cheap coins. This "crash" looks more and more like the silkroad one.

People sell but the price goes up  

Cmon did one mistake by selling yesterday, can we please go back to 800 for a second  

i figure we can move higher off this bounce.

good stuff

bitcoin is looking strong!

broken trendline, btw

and "Three black crows" pattern

to me!
 

like what?

big holders pumping the price after that trend reversal?

good luck with that!

I dont buy nor sell on any news.

like somebody already said> news follow price.

totally agreed

The downtrend was there. The news caused a bigger crash.

LOL!

it hurts when i lol 

That assumption is wrong and originates from dow theory.

Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub!  

But it's the 21st century with live news and the internet, that theory is 100% bollocks!

As far as I understood it, dow theory states that by the time news is common knowledge the price has already been effected.  But this was back when communication was slow.  Today you may well stumble upon news before it's mainstream and watch for the early signs the price is changing.  Where as 100 years ago the price went low then later you heard why it happened.

Like when I heard about silk road.  I read a post on this forum and went to btc-e and the price had only just started to move.  The person that wrote the thread could have sold before he even wrote the thread about the silk road and dumped before any market change.  I was one of the first to see the post and sold all my LTC just in time, before reburying later.