Good grief. My question is if bitcoin doesn't go down today then will it go down at all short term?

I mean, these are ridicously bearish conditions, holidays, weekend, huge price run up, bearish triangles, mounting asks.

What's it going to take to tame this beast?

All of us are bearish right now very short term but the down trend is a trickle. What is going on bears? You're letting us down!!!

Nobody's selling; that's why! Besides with the new API install arbitrage went to minimum. So; no big moves there yet. I find it extremely useful fact though that this must be one of the (rare) weekends with no dip... An interesting week might follow...

yeah indeed, how would anyone know that?

erm....

Someone explain to me how an API can stop arbitrage?

It's been known that a new API from Gox has been installed to the other exchanges as well. This is the first bold move so that the differences between the exchanges is narrowed. Maybe a few bots are in the job for it. It's just a theory but I'm sure you can observe small movements all the time before someone hits the sell or buy button like before. If you have a common API you can predict who's into such an arbitrage move.

Again; just a theory.

+1
My thoughts exactly...  

On other news:
http://t.co/5PDJE7gPe9

It's gonna be A HELL of a week!

If you pay attention, you might find answers... well done.

I see the silk road coins are still under lock and key:

https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

If they become 'seized proceeds of crime' after conviction - do they hit the market at any point....  Silly season question, just curious

Friendly warning - Cryptsy is buggy and trades made are debiting the coin but not showing the trade they were aimed at, or buying anything.

AVOID until fixed.  A lot of pissed off people and once the coins go, there is no record of the transaction on the site in open orders or in trades - the money disappears!

I guess they will fix, but who needs to be in the long support ticket queue at Cryptsy?

I assumed someone had made some sort of 'arb-bot' across the three, but it makes sense there was some sort of inter-exchange co-operation.  maybe it was a dry run, but it is effectively a currency price control 'peg' and will fail if big money wants to bust it.    Perhaps the idea is to prevent one exchange being singled out for a move, spreading the load - do the exchanges trust each other enough to agree...?