kurious
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January 27, 2015, 12:25:11 AM

That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...

Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading.

Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money.

How low will it go? Anyone besides me have any fiat powder left?

Not enough to change the tide, enough to help my stash, though - a few thousand $ - not nearly market changing.

A whale or two spotting a soft target easily makes everyone (posting) here pretty irrelevant.  Be nice if Coinbase beefs up the market - but it looks way off yet, and may only mean money moving from (say) Stamp.  New participating fiat would be very nice, but a rally will bring it in, not Coinbase.

True enough. I'm in a similar position. The only reason I'm margin short right now is so that I'll have the ability to buy more when and if it  drops, but that means no sleep tonight. No fucking way I'm sleeping margin short. There could easily be surprises in either direction, but the downside looks much more likely.



Fortunately I am on GMT, so I won't lose a lot of sleep waiting a few hours.