And it is because of many people thinking that way that it might not happen when you want it to. Exciting times...
Almost nobody seems to be buying, I mainly see silly bot purchases on most exchanges. You can even move the price by 10 usd on btc-e with only a handful of btc at the moment. Just plain silly.
I have a feeling about this.
I believe that:
1. the get-rich-quick sheeple are silently dumping
2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage.
3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013.
It is a nerve grinding game. Anything could happen in the immediate.
You don't need whales or bots to explain the small trades. I did a bunch of them yesterday to buy ~2 btc over 2 hours, $20 at a time. It's a good way to accumulate at the spot price without eating up the very limited reserve of asks at the market price.
You don't need whales or bots to explain the small trades. I did a bunch of them yesterday to buy ~2 btc over 2 hours, $20 at a time. It's a good way to accumulate at the spot price without eating up the very limited reserve of asks at the market price.
You were concerned enough about slippage on a 2btc order to spread it over 2hrs. I know volumes are low but really?
Hey, why should the bots have all the fun? :-)
It's also a form of DCA for me.
I'm in full conspiracy theory mode and will try and post my full thoughts later but if anyone for one second thinks this wasn't 100% planned to drive the price down to a point where they can buy back the debts for pennies on the dollar, tank the price, shake confidence, and take over control of Gox is fooling themselves. Funny how regulation, and a brand new shinny well regulated (probably well taxed) new exchange will be by Second Market is the topic of conversation today.
Buy and hodl the big boys have just implemented a very well planned take over of Botcoin and even though we may see more blood shed in the end those who hodl strong we be wildly rewarded.
You can't legally buy your own exchange's bitcoin to cover losses. On top of that.. if the document and recent body of work is their standard of operations, then no way in hell could they pull that off with out leaving the most obvious trail... in other words I hope they rot in Jail..just wish it was with fiat bankers who committed equally evil scams
Show me the law that says this.
Is there any TA to back up your statement?
To paraphrase Lois Lane, TA is backing up your statement, who's backup up TA?
This is not a common market, this is bitcoin
This is old hat for those who've been around for years.
For those who've never seen double digits, let alone pennies, enjoy the show.
***pours a glass of shiraz, rolls a fatty, and wishes he had more popcorn***
How about some fitting music to go with that:
http://www.youtube.com/watch?v=qtFBRJFN3p8I don't get all the excitement about such a small price rise. This valuation is still only 1% of what it needs to be...
If one bitcoin could buy all the wealth in the world, it would make the other 20999999 worthless. It's not logically possible.
Technically it is possible. If the remaining coins are lost (eg sent to 1BitcoinEaterAddressDontSendf59kuE by mistake), and all other world currencies become obsolete, then that last remaining bitcoin would represent all the wealth in the world.
He seems to have run out for now.
Next, it's lunch-time on the east coast. Time for wall street types to step away from the fiat world and have some fun with bitcoin for an hour...
its going to 580-600 now for sure.
nothing can stop that one dumper on stamp.