Bitcoin Forum

 The Chinese can't sell $25billion in one day, and now the Friday jitters have worn off

 Got a cheap buy when even Coinbase was panicking, and the servers are getting tested but the price is going right back up.

 Loooonggg

Not really back , but we will be :).
Also , the chinese don't have that much , and secondary , who gives a crap about what China does?

The rise from $100 to $1000 was all due to China.

Without China we would be back at $100 within a week.

I have the feeling today (and perhaps the whole weekend) will be a roller coaster.  On one hand you have profit-takers and panic-sellers, on the other hand you have bargain-hunters and buy-and-holders.

There are some spooked by what they perceive to be bad news out of China.

Should be interesting to watch.

It's never a bad thing to have the price at 500. We can buy more.

You know , for future reference.
I stopped betting so i can't say "Wanna bet?"

And if it dips below $900 on Coinbase, i'm in for more, but its ^hovering

Actually we are in a downtrend, since the past 48 hours. This will likely will go lower, unless $850 floor proves strong just like it did the past week.

Too many bad news right now, no good news and media jumping in the Bitcoin bashing already.

I will bet him a full round coin if he wants. And if I win, I'll send you the equivalent of 2 beers in bitcoin.

There's a business opportunity.  Beer Escrow!

This is an obvious down trend and we're headed into a weekend.  Anything is possible with Bitcoin, but odds not looking good for up, up, UP. 

Short-term, perhaps.  I actually do like watching the markets do crazy things.  But I'm still bullish long-term. 

Looks like I missed it.. saw 899.90 and waited a pinch too long.. back to 925

good game on a rainy friday

Yeah, I don't see any reason to not be long term bullish but I do think it's likely we'll enter into a bear market for a time.  By Sunday evening, we should have a good indication of whether that's true or not.

Because weekends when no fiat can get in is a sure way to determine direction.  ???

who cares about china srs..

without china the price would be around 250 now since they started all this "to the moon" thing

isn't that the strength of coinbase? once you are set up, you can buy on Sunday  ;D

Oh, I don't think you will have too much longer to wait old bean.

Me? I have my orders in from $800 down.....hope it don't go much lower than $600 though.

Right, because there is no fiat in the system now.  I guess that's why the price ALWAYS goes down on the weekend. ::)

I doubt many Chinese withdraw lower than they bought. But we will see soon

its not the chinese withdrawls, its the tightening of new chinese money from bank transfers

it seems obvious that we are in the middle of downtrend
but saying that china will sell all coin is total crap, people are not  so easy discouraged especially when they live in such wild economic environment. In my opinion they will hold and after some time even more investors with fresh money will enter market.

Downtrend will last but not for long, because huge amount of money were already injected. It is quite possible that people behind this money  knew in advance what will happened at least some of them.
 
And lastly this market is no longer playground for people who can't afford christmas presents so they have to sell and cause correction , such theories are invalid and malicious. This is serious market now with  big boys , big  and smart .

$850 floor was tested again just now, bounced back up to $870 looks to test it again in the next 15 minutes.

That wall was eaten in 30 seconds.

Thank you, thank you, thank you for bringing some sense to this discussion. This is no longer a few people who got rich quick and bumped the market up to a 2 billion dollar market cap. Hell, even then (back in April) the market didn't fully correct to pre-bubble amounts and neither will this one. This is over $10 billion in market cap now.