Price is falling. Thinking of moving my bids up from $60 to $80.
Probably wise unless you are prepared to wait out the next peak/trough which may still not get near $60. IMHO even $65 is unlikely again.
One strategy is to ladder orders, say $73 to $82 with 1/10th size at each $1 increment. If the lowest ones don't get hit then repeat the process at the next retrace down.
Well I already own some, so I'm not going to be like 'waaaaah, I missed an entire bubble.' So I'm not too rushed. However I've got a crapload of fiat sitting on Gox from selling during the second-crash (after the bounce after hitting $57) and withdrawing it costs an assload due to humongous wire fees, so eventually I'm going to need to buy Bitcoins with it. The real question is when. Which at the moment really isnt a question one can answer without significant BS, so I think i'm going to sit on my hands until I see if any new bitcoin businesses are actually forming after the bubble, or if we are just sitting on the floating businesses that were forming during the bubble but were just a bit late.
I'm new at this, but I started doing better taking small chunks as often as I can rather than try to time big chunks.
Gox insiders buying to get out just before the official announcement of bankruptcy?
Sorry for an on-topic posting
, but anyone track the 3000 GoxUSD bid wall that's on $100? When was it put up, has it been touched, etc?
Also, anyone care to speculate on the CampBX/bitstamp inversion? That is, normally CBX is closer to gox,
but now bitstamp is closer.Don't know about CampBX but Gox is now sitting above support (technical and psychological). The longer we are there the more Bitstamps price will creep up, because people know we can pop. So, that premium for withdrawals will evaporate as we move up from 100 imo.
Yeah, campbx is a small exchange and someone has been slowly dumping lots of coins ( in terms of campbx volume) by continuously setting sell orders until they fill, then rinse and repeat. They are using flat dollar amounts, 93.0, 94.0, 95.0
Have you placed your orders?
Sells are slow/small enough that the bids fill back in. No big dump to bomb the price.
Right now it looks like whales herding the sheeple into buying up to the 115 wall.
I hope I'm wrong and we'll see 120, but for now this looks fishy to me.
It's like those videos you see of the orcas herding the seals into a trap to eat them......
Interesting... bitstamp and cbx rallying a couple percent while Gox flatter; stuck under 120 but no real wall until 125. This is the opposite of the typical divergence where gox rallies and the others are flat.
Cbx has been trading about 10% under gox, so it's correcting to that level.
So what happens to this million dollar wall?
Once the little walls at $124.9 get hit big boy will pull a vanishing act.
Only 300 coins to the wall of Jerico.
Jushua blow your horn.
Boo hiss market backed down from the wall.
::puts popcorn away::
So what happens to this million dollar wall?
Once the little walls at $124.9 get hit big boy will pull a vanishing act.
lol maybe...
Or a bigger whale will snap it up to avoid slippage if he believes that the price is going up
And would Wally do with all that fiat? Interest free loan to gox for 3 months?
I call fake wall.
Ok I kept out the popcorn watching to see if that 119 support holds.
It looks like some negative momentum is building up.
It does, actually.
I thought so too... Bet on it actually
Looks like this ramp up today is supported. Maybe tomorrow we take a crack at $125.
Gox is Oscillating so fast today it's audible.
Wow, just woke up. What happened to the ask wall of Jericho at $125? Did it vanish as the market approached and reappear as a bid wall at $127?
Lift-off commencing!
This is obviously completely artificial. Look at the bid depth. 352 BTC in bids on $126 and 7357 on $127.
The bids on $127 are only there to push the price up into the higher sell range otherwise they would be at the lower price.
Why would someone pay $1 more than they have to for over 7000 BTC when there's only a tiny amount of bids on $126.
Yeah, but nobody is selling either. Only 121 bitcoins for sale under $130.
That's why TA is more or less useless. Market volume and liquidity is not nearly large enough to make it meaningful.
Bingo.
I disagree. If you had (and if you still do) look at just the money flow index, you'll see that the last time we were this close to being overbought in the last 6 months, was the rise to 260. This rise was and is easily predicted through TA. In fact, this rise could actually surpass the BTC all time high but we'll see. My guess, is we're in for some massive gains over the coming days. 200 is going to get run through like nothing.
Congrats Bulls!
hey moron,
last time was preceded by massive inflows of money to gox. not happening now.
we go to $180, and no more. We level there until gox fixes its shit
i would strongly prefer us not going to more then $150 right now to be honest. Slow and steady. I'd like us to even just hang out at $130 for the next two weeks before heading to $150. I'd be happier with a reliable value rather then just a high value that's doomed to crash as fast as it peaked.
Every time it peaks crashes peaks crashes, I end up with more bitcoin wealth.....