Bitcoin going ballistic.

As interesting as this thread has been - I can't see parting with food and toilet paper money for one bitcoin..
 
anaconda said:
Can anyone point me in the right direction on getting my bitcoins from my blockchain wallet into my Mt.Gox account? I don't know where to begin. None of the "pay from" pull down Bitinstant menu options look appropriate, even though it's got a Mt.Gox pay to option on the "pay to" pull down menu.

Thanks.
Click to expand...

https://mtgox.com/trade/funding-options

select "bitcoins" under Please Choose a Funding Method

It will then give you an address to send to.

Access the wallet with the address that is holding the bitcoin you want to move and then send from that address to the address in the Mt. Gox screen.

I did that from my bitcoin-qt/armory client. I ended up having to "pay" a transaction fee of I think it was .001 to send to mt. gox.
 
Paladin69 said:
Markets are emotional...put away your pen...lol

Many people are sleeping right now.
Click to expand...

its funny you say that when the hourly volume levels for the last couple of hours are way about the historic average. Many people may be sleeping right now, but people who have an interest in protecting their bitcoin investment and/or playing this wild market gyration are buying and selling BTC at record levels for this market.

There was a very clear market signal that has been going on for the past week and a few days that a major correction was coming. It was in the shape of a parabola.

The reason we have charts like this is to make informed decisions about when to get in and out of markets. The market then gave a really good reversal signal, in fact it telegraphed it, which was great. It let me sell at damn near the top.

That was the head and shoulders pattern that showed up. It confirmed and then it was just a matter of staking out support levels and watching the depth of the market to see how low it would go.

Emotional people are also predictable people. That is why Technical Analysis of charts works so well in a free market.

Now here is this continuation pattern. Very important patter to understand. It was nice we didn't see a dead cat bounce. gave people a chance to recover from the cliff diving, but make no mistake, this pattern is indicating market indecision as a whole. It appears that the supply and demand curve has found and equilibrium, thus the circling around that drain type of gyration. That equilibrium is what creates the symmetrical triangle pattern in the chart. But we know that line isn't going to be flat, that patter is going to break up or down out of that triangle signaling momentum.

The reason it's known as a continuation pattern is because typically occurs after a sharp trend with building volume reaches an impasse. The volume starts to decrease as the price begins to gyrate closer and closer to the equilibrium. Then once the volume picks back up again, the trend continues in the same direction of the increase volume.

In this case, it would continue downward price breaking out of the triangles that my pen has drawn. In trend pattern studies you might read that something like 9/10 times the pattern breaks in the direction of previous momentum.

This means the price is setting up for people to short it, if that is possible.

So what you would do in this environment is look for an exit when price hits along the top of the triangle, and wait for the price to fall to a new support level before you buy back in.

In the odd event where the pattern breaks opposite your position, you are still in good shape because you would be able to in this case, buy as soon as the price breaks up and ride up to resistance.

It's a pretty strong pattern and probably one of the more consistent and obvious patterns.
 
continuation pattern validated on very powerful volume. nearly 60,000 btc moved in that 15 minutes window.

large band of support between 100-120, that is being attacked with tremendous selling interest, almost 4 times what looks to be average levels from the last few weeks during the run up.

With the largest chunks positioned around 101 and 110 respectively.

We are seeing the action that we saw yesterday at an accelerated pace! Keep an eye on the book and see if buy orders are getting pulled before the price level is reached.

I think this is coming down thru 100 today, and I will really be looking to see this come back and test the peek from Summer 2011 parabolic rally of 32 BTC!

Once the 100 level is taken out, it's only a matter of ticking off 3-4 days of price increase to reach that level.

I will be a strong buyer at 32 BTC, I believe it's time to go to the red phone again and be ready to stake my claim at the bottom of the correction!
 
a bounce off the 100-120 support level. Some of the larger blocks have moved their bids up. You've got resistance around 140 ish.

Could trade sideways for a good bit here.
 
trading halted on Mt. Gox!


8640586936_cf1ebc6fb3_b.jpg
 
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they are claiming they are being attacked, but I doubt it. If I set up a basic web page to run off say WAMP on my laptop right here, and gave out my IP address and told everyone to come to my webpage for free BTC,

people would get pissed at me cause they wouldn't be able to load my page. But if I tried to claim it was DDoS, would you believe it? Doubt it.

Anyways,

That's 24 hours to find another exchange I suppose. Confidence is fading for Magic the Gathering Online eXchange, faster than the BTC sell off underway.

I wouldn't be surprised one bit if it was Mt. Gox, that did the 58k BTC dump at 140-120 and then shut their servers off. Now they need to wait for their merchant account to clear those funds. Something like 5-7 million dollar dump, about and hour before trading halted. Not look good to me.
 
btc-e


100.5 btc 160k wall at 100.1 11k at 109 35k at 114
1.75 ltc
 
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gonna see if this works.

https://www.mybtc-trader.com/index.php/tutorial/31-mtgox-btc-to-btc-e-btc-in-50-seconds

Here are the steps, that had been perform in this 50 seconds:

  1. Selling 2 BTC on MtGox for a price of 11.64 USD/BTC with a market order and getting 23.23 USD (0.4% fee).
  2. Creating a MtGox coupon code from the 23.23 USD.
  3. Transferring 23.23 USD from MtGox to BTC-e via Bitinstant (1.49% fee).
  4. Receiving 22.89 USD on BTC-e Bitcoin exchange.
  5. Buying new Bitcoins for a price of 11.40 USD/BTC getting 2.0037 BTC again.
 
newbitech said:
gonna see if this works.

https://www.mybtc-trader.com/index.php/tutorial/31-mtgox-btc-to-btc-e-btc-in-50-seconds

Here are the steps, that had been perform in this 50 seconds:

  1. Selling 2 BTC on MtGox for a price of 11.64 USD/BTC with a market order and getting 23.23 USD (0.4% fee).
  2. Creating a MtGox coupon code from the 23.23 USD.
  3. Transferring 23.23 USD from MtGox to BTC-e via Bitinstant (1.49% fee).
  4. Receiving 22.89 USD on BTC-e Bitcoin exchange.
  5. Buying new Bitcoins for a price of 11.40 USD/BTC getting 2.0037 BTC again.
Click to expand...


I couldnt' find a linux version. I don't run windows. Great for arbitrage but... only one exchange right now.
 
guess not....

grrrr....

Method is disabled: Generation of USD and CAD redeemable codes will not be possible due to legal issues
Click to expand...

ah well, that would be crazy to move money around like that I suppose.d
 
And yet the canadian exchange is at 135 :/

The price is wildly different from exchange to exchange. They say that they halted trading to cool the market down, yet it looks like it is having the opposite effect, BTC is in chaos with no one really sure what it is worth.
 
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