Quote from: Frozenlock on May 29, 2013, 03:33:26 PM

Quote from: IG0BR0KE on May 29, 2013, 03:20:39 PM

Quote from: Frozenlock on May 29, 2013, 03:13:51 PM

Except the $136 to $124 drop...

136 to 124 = done by one person wich do not representative at all

low volume started around may 7th and we were at 110, we're actually at 129 wich is not for me a "down"

but you can hope for an other big sell if your trading management is based on hope it doesn't bother me.

EDIT: i'm not telling everyone it's going up or down im just telling that taking a position right now is rly risky business to me

You can hope for another rally, it doesn't bother me.

Just as a heads up, we started going down (after $136) before the huge wall appeared.

In addition, if the market was sure of its direction, 7k BTC would not have dropped the price more than $10, like it did.

Well, we might have some rough days ahead but I would say the order book won't tell the whole story. I'm sure vested interests have buy programs to limit downside. If not, with BTC's growth, we can imagine buyers would surface pretty quickly. Long term picture here and perhaps we shouldn't worry too much about the short term.

I expect more "attacks" on funding mechanisms in a regulated centric way. But that will definitely fail as properly regulated (larger firms like Bitinstant and such) are or will fill those voids. It will become a PR war, throwing around words like "money laundering" and "terrorism" but we have HSBC (8 billion in drug money laundering) and Wachova (100's of billions in laundered drug money) on "our" side. Wink

BTC was really designed for what is coming as were the people supporting it, at least in part...