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I don't understand the psychology of some people...they panic sell even when there is not even 1 single bad new in press. I understanded the panic sell after ddos attacks or end of silk road, here it is just speculation in its pureness, right?..Bitcoin must change these pure speculators to long time believers in cryptocurrency and they have to learn actually use the bitcoin as a currency, not just as get rich quick scheme. Until than....we are not even close to going mainstream.

However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?

Bounce from 290/300 i think, anyone with me?

Quote from: Feri22 on November 10, 2013, 03:58:50 PM

However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?

Yea, that's what I think. You don't have a price crash without a goxing. That's just one of the fundamental rules of Bitcoin. I think BTCChina may have picked up where Gox left off, though.

Bitstamp at $266. Will it hold for the third time in 20 hours?

Quote from: Feri22 on November 10, 2013, 03:58:50 PM

What makes you think it's a panic ?

Quote from: Pruden on November 10, 2013, 04:03:50 PM

Bitstamp at $266. Will it hold for the third time in 20 hours?

The Bitstamp price is quite irrelevant.

Quote from: Walsoraj on November 10, 2013, 03:55:57 PM

Is there a consensus on which exchange is leading these downturns?

Not sure. It seems unclear.

Looks like people get nervous about being a the bottom. Going up again. Sheez. I'm out (I hope) can resist paying attention for the rest of my sunday.

Huh. Double bottom hopefully.

Quote from: Pruden on November 10, 2013, 04:03:50 PM

Bitstamp at $266. Will it hold for the third time in 20 hours?

If Gox even matters any more, then the answer to that question is yes.

Quote from: theonewhowaskazu on November 10, 2013, 04:07:41 PM

Quote from: Pruden on November 10, 2013, 04:03:50 PM

Bitstamp at $266. Will it hold for the third time in 20 hours?

If Gox even matters any more, then the answer to that question is yes.

Looking at the order book on Bitstamp I really doubt it will hold. If someone sells 150 BTC the price is $265.xx

Quote from: samson on November 10, 2013, 04:05:01 PM

Quote from: Pruden on November 10, 2013, 04:03:50 PM

Bitstamp at $266. Will it hold for the third time in 20 hours?

The Bitstamp price is quite irrelevant.

sure, stamp has second largest volume in recent days after 0%fee btcchina...

triple bot forming in stamp, strong support at 265

This could be called dead cat bounce marathon Cheesy

pietilä and rontus are buying cheap coins at the support mark at stamp and bears sell to straight to theirs wallet? did you guys short too?

Quote from: gandhibt on November 10, 2013, 04:15:25 PM

pietilä and rontus are buying cheap coins at the support mark at stamp and bears sell to straight to theirs wallet? did you guys short too?

think its not a good time to short isnt it ?

Quote from: masisty on November 10, 2013, 04:17:13 PM

Quote from: gandhibt on November 10, 2013, 04:15:25 PM

pietilä and rontus are buying cheap coins at the support mark at stamp and bears sell to straight to theirs wallet? did you guys short too?

think its not a good time to short isnt it ?

i meant that they shorted perhaps at higher price. if it's going to break 265 then it would maybe be wise to wait for bounce and sell some. i believe our triple bot holds, how strong can a support be? well strong it is =)

ouch!

Code:

Number? Hash? Time? Transactions? Total BTC? Size (kB)?
268861 45cfd7571a... 2013-11-10 16:08:57 469 19461.57057709 247.521
268860 5ca67e7f15... 2013-11-10 15:57:23 371 12132.8603931 187.936
268859 db9fcddda9... 2013-11-10 15:49:20 102 4549.8214365 65.753

19461 BTC
get ready!

Quote from: masisty on November 10, 2013, 04:17:13 PM

Quote from: gandhibt on November 10, 2013, 04:15:25 PM

pietilä and rontus are buying cheap coins at the support mark at stamp and bears sell to straight to theirs wallet? did you guys short too?

think its not a good time to short isnt it ?

I've just been taking some long positions in the dips.. mostly for fun.

Quote from: pera on November 10, 2013, 04:21:40 PM

ouch!

Code:

19461 BTC
get ready!

Do you mean 20k extra coins will get dumped on Gox very soon?

I thought we might settle back at ~$350 on Gox today, setting up for Monday (in case another bullish week ensues following this). Plenty of volume now though. Certainly plenty of capitulation this weekend from those taking down profits..

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