Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing. He was very bullish for the second half of last year, even before the upturn in November.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
You can predict the future price from the orderbook? The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt. Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here. Look, it's not our problem you're unable to read charts, or wrap your head around even the most basic aspects of TA. Furthermore, if you find yourself in a position where you accuse a (sometimes confrontational, but rarely trolling) user like windjc to be a permabear, who is posting just to manipulate the market, you can be pretty sure you will be one of the many suckers in this game who will learn the hard way that the rules of the market don't stop for Bitcoin. To be clear: There is disagreeing with someone's opinion or analysis, and then there is sticking your fingers into your ears shouting 'I can't hear you'. For more than a month now, the latter is the dominant response in here by the investors that were lulled into a false sense of security by the various loglinear trendlines that keep being posted in here so often. They will be in for a rude awakening: if they 'hodl' as advised, they will continue to spend many more uncomfortable hours and days seeing their net value decline. If they finally give in and sell, most of them will note that they haven't equipped themselves with the necessary tools to be effective traders, so they will lose as well. As a result, the majority will tend to hold, but they will become increasingly vitriolic at any suggestion that the return to the magic exponential growth trendline is not imminent: "Fuck you, reality! Why can't you already fall in line with my wet dreams of being a billionaire next year?" FUD |
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this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.
aka Facts U Dislike |
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You guys are here microanalyzing 7% movements in BITCOIN which is known for its massive volatility and 800% swings at times.
It's actually noteworthy that Bitstamp is constantly 1-3% above all others. When that happened first with MtGox, it reflected troubles. There are no troubles with withdrawing from Bitstamp that I heard of though, so I have no explanation for it. |
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You apparently don't know me well, I don't like altcoins, but I do like it when they upset the Bitcoin cultists.
I became a mod here 2 years ago because Speculation was pretty much like the altcoin subforum presently is, a trashcan for the global forum, if you can imagine it being even worse than today. Had a timeout and Yuhfhrh someone replaced me for some months until he vanished and I took it up again.
I like bitcoin for the most part (though you will generally only see me being critical since barely anyone else likes engaging in that), I used to be a delusional cheerleader like most, I've made a lot of money off it and hope to continue, and I had the opportunity to learn some technical analysis from good people here.
Hope that answers your questions.
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Not only that... why is Blitz a mod of a Bitcoin forum? Seriously, why?
It's probably because I'm a lizard banker. Alternatively, might be because I wanted to annoy the hell out of you specifically.  |
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Suck it up, Bitcoin cultists.  i don't understand the picture, anyone help ? r/Bitcoin vs. r/dogecoin |
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Suck it up, Bitcoin cultists. |
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we still have one week of chinese FUD ahead of us, where is sure that exchanges need to stop fiat transfers related to BTC. Up of down? you decide...
Facts U Dislike |
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Because when the price on Huobi goes significantly below Bitstamp, you can withdraw your bitcoins from Houbi, send them to Bitstamp and sell there for a higher price. You can now send money to Huobi, repeat it again and make money.
So long as you can withdraw bitcoins from Chinese exchanges, arbitrage will be possible if the price is lower.
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I told you few days ago, that bitstamp is going to be closed due to some illegal activities. That wasnt just a rumor;)
Please, enlighten us. as far as my sources teold me. Bitstamp is involved is some illegal activity, presumably some paedophile groups use bitstamp to exchange money. That is why bitstamp is going to be closed for investigation etc next week or so. If (or really, WHEN) it turns untrue, I hope someone here will remind me to have this guy banned. |
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The moment you catch yourself referring to those who sell some asset that you are trading as "tards" you can conclude with certainty that you just aren't cut out for the business of trading, and possibly neither for that of (speculative) investing. Sorry, OP.
When you do that, you can safely conclude that the tard is you. Reminds me of shroomskit. |
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LTC/BTC ratio is so low right now. I think it is such a good time to diversify and get over 40 LTC per BTC. I think this is good for short, medium, and long term. You will almost certainly be able to flip back to more BTC later
"Diversify" from an asset into another correlated asset, only it is more volatile and has additional risk of its own. Brilliant! |
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Until this stops the FUD remains.
FUD = Facts U Dislike |
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You know, the exchanges trying to circumvent the spirit of the PBOC's notices is what prolongs a lot. Now they have explicitely banned any direct and indirect (such as vouchers) methods of funding. So if they continue their defiance on a broad scale, I'm guessing that sometime in the future, the authorities will be forced to make an example and arrest some exchange operator.
I used to think that the Chinese know more than we do, but I've come to the conclusion that they are as delusional as most here.
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On that topic, someone (I forgot who) posted a misconception of sentiment during bear markets saying that once the sentiment swings bearish, a bear market is necessarily over.
Even though there can be brief and sharp capitulations where that is true, during a very prolonged bear market you'd expect the majority to become bearish sometime in the latter half. Generally a good deal of people enter a trend in the mid or toward the end, then start betting heavily and feel vindicated for a while. A good analogy for that is oversold/overbought indicators where if the indicator bounces off this area, it is bullish, but if it stays embedded, it's bearish until it leaves it. Historically for Bitcoin, most people were bearish months before the December 2011 low happened, and several price multiples higher.
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Yeah, because Bitcoin is sooooooo static.
By next summer the bitcoin-eco system is going to be 10x what it is today. There are so many big projects being worked on right now. I truely believe we will have a "killer app" or two by then amongst other innovations.
The price won't be $500. And no one will be complaining.
i'm curious on what happend to this windjc that I knew of  I just wanted to ask, because I remember him chastising me and others for suggesting a bear market because fundamentals. Those fundamentals haven't changed as far as I see. Anyway, hopefully the bet was finalized. Congrats on winning. |
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Bitcoin will teach him.
The cult has really come far. |
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