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  #1001  
Old 03-05-2013, 11:45 AM
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Quote:
Originally Posted by FraserH
True but it is hard to legislate for the price movements over the past 72 hour!!
Indeed it is. a lot of panic selling going on I think & a few devious sources at work.
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  #1002  
Old 03-05-2013, 11:48 AM
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gonna jump in the shower, back in 30mins.
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  #1003  
Old 03-05-2013, 11:57 AM
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$82.50
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  #1004  
Old 03-05-2013, 01:40 PM
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Up to $85.88 at the moment.

One thing to look at is the EMAs. When they cross is when there is a big shift in fortunes, either up or down.

To view the link you have to Register or Login

As you can see mid way through the 30th April they crossed and the price started dropping. They haven't recrossed yet, which indicates the price isn't going to see a major shift upwards, but it seems to have at least stabilised for quite a while.

A friend of mine has been following this quite closely, and they do seem to be fairly accurate. Part of it could be down to the fact that they're followed by people on bitcointalk, and they affect the price by all acting on it at once.
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  #1005  
Old 03-05-2013, 01:49 PM
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Now flying at $96.69

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  #1006  
Old 03-05-2013, 01:53 PM
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Fallen back to $92.00 now, all over the shop!
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  #1007  
Old 03-05-2013, 01:56 PM
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Quote:
Originally Posted by zaph_01
Up to $85.88 at the moment.

One thing to look at is the EMAs. When they cross is when there is a big shift in fortunes, either up or down.

To view the link you have to Register or Login

As you can see mid way through the 30th April they crossed and the price started dropping. They haven't recrossed yet, which indicates the price isn't going to see a major shift upwards, but it seems to have at least stabilised for quite a while.

A friend of mine has been following this quite closely, and they do seem to be fairly accurate. Part of it could be down to the fact that they're followed by people on bitcointalk, and they affect the price by all acting on it at once.

30th April is the day the attacks started on Silk Road. Silk Road is the major site for actual transactions (people buying goods anonymously with BTC) using the currency. When this happen people panicked and started to sell because they were worried Silk Road might have been closed for good as it is a very very dodgy website only accessible through Tor. They were trying to recoup the money they had spent actually purchasing the BTC.

Silk Road attacked - To view the link you have to Register or Login

Last edited by FraserH; 03-05-2013 at 02:02 PM.
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  #1008  
Old 03-05-2013, 02:01 PM
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In turn this caused a market crash coupled with the coordinated dumps I read about yesterday. This is the problem and risk of the BTC market but what also makes it exciting.
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  #1009  
Old 03-05-2013, 02:10 PM
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Blimey! I didn't even know that Silk Road marketplace existed! How does one go about getting to it?
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  #1010  
Old 03-05-2013, 02:22 PM
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Quote:
Originally Posted by SEEPEEEFFSEE
Blimey! I didn't even know that Silk Road marketplace existed! How does one go about getting to it?
You can only access it through the The Onion Router (Tor Project) as it is a hidden service on there.

BTC were created to be used as an anonymous currency to be used on sites/services like that as BTC transaction are anonymous and can't be recalled and cannot be traced through a central monetary body/government.

They sell them interesting "things" on there

Last edited by FraserH; 03-05-2013 at 02:24 PM.
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  #1011  
Old 03-05-2013, 02:30 PM
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now back up to 94.78, seams the trend might be turning.
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  #1012  
Old 03-05-2013, 02:32 PM
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Quote:
Originally Posted by SEEPEEEFFSEE
Blimey! I didn't even know that Silk Road marketplace existed! How does one go about getting to it?
Sod Silk road, use BlackMarket Reloaded - Same things sold, but for cheaper
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  #1013  
Old 03-05-2013, 02:40 PM
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Quote:
Originally Posted by Russ_uk
Sod Silk road, use BlackMarket Reloaded - Same things sold, but for cheaper
The difference is that SR vets sellers (they have to win the right to sell good through auctions) so people aren't getting ripped off by scammers and people selling tainted drugs etc. BMR is growing though but is still small in comparison.

It is good for us though, the more of these kind of site using crypto-currency, the higher demand for BTC and the higher price people will be willing to pay for BTC!
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  #1014  
Old 03-05-2013, 02:44 PM
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Up to $95.94

As they say on BTC-E..

Rise chickun Rise!!
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  #1015  
Old 03-05-2013, 02:48 PM
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touching $97
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  #1016  
Old 03-05-2013, 02:51 PM
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SEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy dietSEEPEEEFFSEE came here looking for the peace and quiet; the healthy air and the healthy diet
Quote:
Originally Posted by FraserH
The difference is that SR vets sellers (they have to win the right to sell good through auctions) so people aren't getting ripped off by scammers and people selling tainted drugs etc. BMR is growing though but is still small in comparison.

It is good for us though, the more of these kind of site using crypto-currency, the higher demand for BTC and the higher price people will be willing to pay for BTC!
They say you learn something new everyday! Unreal! so can you only join up as a 'seller'?
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  #1017  
Old 03-05-2013, 02:56 PM
FraserH FraserH is offline
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FraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy dietFraserH came here looking for the peace and quiet; the healthy air and the healthy diet
Quote:
Originally Posted by SEEPEEEFFSEE
They say you learn something new everyday! Unreal! so can you only join up as a 'seller'?
No, to sell your "goods" on there you have to buy a sellers spot on there through an auction process. This stops anyone signing up and selling tainted drugs or taking money and not sending any goods for example.

Anyone can purchase through it but you can only buy in BTC so its anonymous.
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  #1018  
Old 03-05-2013, 02:59 PM
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Quote:
Originally Posted by zaph_01
One thing to look at is the EMAs. When they cross is when there is a big shift in fortunes, either up or down.
EMAs 21 & 10 have just crossed over now and appear to be on a nice upward spike, just hope it continues.
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  #1019  
Old 03-05-2013, 03:03 PM
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Quote:
Originally Posted by FraserH
No, to sell your "goods" on there you have to buy a sellers spot on there.
And the seller accounts are pretty damn expensive last time I looked, and you have to put a fair amount in escrow first (I think) - which isn't a bad thing.
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Old 03-05-2013, 03:04 PM
FraserH FraserH is offline
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Quote:
Originally Posted by Russ_uk
And the seller accounts are pretty damn expensive last time I looked, and you have to put a fair amount in escrow first (I think) - which isn't a bad thing.
Yeah that is why the sellers on usually sell in large amounts so it is worth their while.

The more of these sites the better as it drives up the BTC price!
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