Quote from: uhoh on March 04, 2014, 07:46:48 PM

Quote from: igorr on March 04, 2014, 07:45:57 PM

Quote from: uhoh on March 04, 2014, 07:43:20 PM

I believe you may have a fundamental misunderstanding of how markets work. If you had 37.3k bitcoins to sell, the price would not go to $90. The bid depth is what is on show in the order book. Its not what's available overall.

I dont think so

Good comeback!

I also like how you say "when mining becomes impossible". How, exactly, does that work? You do realise that difficulty can go down as well as up?

Of course the Bids and Offers in the order book, any order book represent just the outstanding limit orders, and briefly flash market orders at the very top of the book on some platforms I've seen. The point of an order book is to see current bids and offers to help gauge the current mood of the market, or for other trading purposes (for example, since the bid side of the order book is thin, a seller would want to sell in small chunks, instead of knocking out the bid side of the order book and pushing the price way down, causing them to get a worse price for their coins than had they sold off in small chunks over time, letting the bid side of the order book replenish itself as further traders place limit buy orders, from the TOTAL amount avail.

I admire your technical analysis, but you have much to learn young padawan, you aren't trading google, appl, EUR/USD, you are trading in a innovative revolutionary currency whose mode of trading (should it succeed and not crash and burn, which I've bet my career on, but everyone can be wrong sometimes) will follow the "S" curve path of exponential growth, look it up.

Also that downtrend looks like a correction to me, and I've been in the business for a decade, developing my own adaptive and leading indicators (they are unique, not just cycles, and shifts... and I'd love to explain how they work, but I worked hard on them over years, and I feel, no know, they give me an edge), mastering trading and technical analysis almost like an obsession.