... these are not the only market forces coordinating this sell-off ...

this forum consistently underestimates the complexity of the price function, generally speaking. too many n00bs methinks.

stop thinking you know how shit works already and deign to try to figure some of it out, why dontchya?

DDoS and manipulator are both tinfoil hat responses -- they were involved but not solely responsible.

Is there really a ddos? I can rather trade smoothly, just picked up a few cheap bitcoins

Indicators are screaming

sell sell sell

Erm no, there has been no DDoS on Mt Gox for days now.

What you saw was Gox not being able to handle more than a few dozen simultaneous trades along with some selling off.

+1

On the other side it looks like that rpietila can only profit when the market goes up; if so, he should take a one month long holiday.

IMHO $125 is VERY important, I will say just that, of course I'm not analyst and don't listen to me.

DDoS = Distributed Denial of Selloffs

I enjoy following the bitcoinchannel.com buy. I can read candlesticks fairly well but was never much into looking at the market strength (buys and sells) as a whole - I know, bad, partial picture but the candlesticks and a few indicators always did me well.

Anyway, looking at the market on clarkmoody's site:

Looking for that 100k volume on the buy and sell side - It just moved off $70 on the buy to $65 (a bit bearish). The sell side is on $220 at 100k - keep an eye on that. Total sales have been creeping up since post crash (I don't have the exact dates as have been following it only a couple of times a week.)

Some key figures on the buy and sell side ($70 buy and $300 sell) show that more sellers are coming in at those levels and the buyers are dropping. It is not a huge number so I tend to agree with the bitcoinchannel.com guy that short term things look bearish. Nothing that would make me sell my long term stash.

Can anyone add anything here as it's the part I'm still learning...  

IAS

Well, since I think the number of bitcoins is important, and not the price of them:

- I have already invested all I have, in bitcoin; a BTC500 worth of puts written is the most I can do today.

- I could not care less if it crashed to $10; probably I would just work a little more (to earn more bitcoins as I can earn more per hour), and spend a little less time just living luxuriously for the testimony (which is the more expensive, the lower USD/BTC rate is, as costs are measured in dollars).

I will soon go to the spa wing. Nobody bit the offer for cheap puts