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Title: Bitcoin in serious trouble? Post by: cryptocoinsnews on November 10, 2013, 12:45:09 PM From: http://www.cryptocoinsnews.com/2013/11/10/bitcoin-serious-trouble/
Since the peak of 2630 CNY (430 USD) per Bitcoin yesterday the price has dropped to 2140 CNY/BTC which is about 350 USD per Bitcoin. If we look at the top peaks compared to the bottom peaks on the graph above, we can clearly see a shift towards a downtrend for the coming days. From the peak of 2630 CNY it fell to 1900 CNY where it hit a good buy resistance, bouncing it back to 2250 CNY where it hit a sell resistance (now developing). Regarding the massive trading volume we can see a clear change to sell orders instead of buy orders that have been the trend for the last couple of weeks. This might be the time to do two things: 1. Sell your Bitcoins for USD or CNY and wait for a couple of days to get an overview of the trading trends and happenings in the market as Bitcoin could experience an even bigger drop very soon after the market has cooled down. 2. Buy back into alt-coins / other crypotcurrencies that experienced a loss to Bitcoin when Bitcoin rallied upwards. The current alt-coin with the biggest potential at the moment is Primecoin (XPM) because it has continued down to one of its lowest price of 0.002 BTC per XPM since its launch this summer. Other cryptocurrencies has still been quite stable. We believe Primecoin (XPM) got the most potential. Title: Re: Bitcoin in serious trouble? Post by: Meizirkki on November 10, 2013, 12:49:25 PM This thread should be moved to speculation section imho
Title: [MOVE TO SPECULATION] Post by: ShadowOfHarbringer on November 10, 2013, 12:50:25 PM This topic clearly belongs in the Speculation section (https://bitcointalk.org/index.php?board=57.0)
Title: Re: Bitcoin in serious trouble? Post by: Barek on November 10, 2013, 12:52:06 PM The article is missing a disclaimer about the author owning significant number of Primecoins.
;D Title: Re: Bitcoin in serious trouble? Post by: BitcoinAshley on November 10, 2013, 01:41:03 PM Sounds to me like some tool trying to plug his altcoin investments. ::)
NEXT.... Title: Re: Bitcoin in serious trouble? Post by: Corenin on November 10, 2013, 03:21:10 PM Its call profit taking... It will be back to the high after awhile...
Title: Re: Bitcoin in serious trouble? Post by: Carra23 on November 10, 2013, 07:19:16 PM Sounds like somebody bought a lot of Primecoins.
Title: Re: Bitcoin in serious trouble? Post by: pliznau on November 10, 2013, 07:23:26 PM The article is missing a disclaimer about the author owning significant number of Primecoins. +9000 :D;D Title: Re: Bitcoin in serious trouble? Post by: DeathProxy on November 11, 2013, 03:39:27 AM The article is missing a disclaimer about the author owning significant number of Primecoins. +9000 :D;D Busted, his motive is only to promote primecoins. Title: Re: Bitcoin in serious trouble? Post by: iGotSpots on November 11, 2013, 03:50:24 AM Neither one of those is the smart move right now
Title: Re: Bitcoin in serious trouble? Post by: Spoetnik on November 11, 2013, 04:08:48 AM i agree.
i am holding my BTC :) Title: Re: Bitcoin in serious trouble? Post by: wheatrich on November 11, 2013, 05:58:32 AM Bitcoin is up a shit ton from just a week ago and a zillion % from just last year
but it's BIG TROUBLE YOU GUYS Title: Re: Bitcoin in serious trouble? Post by: Lauda on November 11, 2013, 05:59:39 AM The topic is complete crap. It can't keep climbing the hill without falling back a few times.
Stop promoting primecoin. |