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I think 10million is a very small amount of money. the shorts alone could pull that off.
point taken. we need new fiat to sustain a rally.
I have been following developments of bitcoin start ups. Europe has recently gained easy access to bitcoins, as well as Britain, from exchanges with reliable fire wire services for instant deposit/withdrawal. new exchanges are opening every week and they are getting better. this opens the doors to a lot of fiat, even more than china provided in the last bubble, because awareness is far greater now. Exchanges in America are coming soon. I have not heard this point discussed often, but it is HUGE.
infrastructure for retailers and customers is still growing at record pace. this is very attractive to large investors.
But the problem is china is genuine, as far as I can tell. bitcoins are leaving china. If we assume that china was the force behind the last great rally, then we must assume that new fiat is pouring in to hold the market up this high. the news has been very bad in the last week, but every legitimate story can manage to push down only $20-40 lower than the previous low. it is stubborn. Every night when the chinese go to sleep, the market rallies with unexplained force. it's the new money trickling in.
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OMG I owe you one for this link! cheers! |
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What does it mean when the first thing on your mind when you get home from work is to catch up on the latest happenings on this thread?
It means you got your priorities sorted  |
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I'm holding From <$40 average and I think it's going down some more before recovering. Either that or we're stuck in limbo for months. Day trading is a different thing from long term investing.
Limbo is a relative term here. we should expect a rapid climb to 700-800 in the coming weeks if this is a reversal. |
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If I had to guess, then I would guess that you bought from the top and that is the reason why you are so nervous at the moment..
Im holding from $100 average. never bought above 600. Im really not nervous at all. but perhaps a little irritable..... High-five! all these damn people who don't believe that this is another trend reversal are irritating you aight?  No.... it's just the quality of the thread. I like to discuss with bulls and bears. |
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If I had to guess, then I would guess that you bought from the top and that is the reason why you are so nervous at the moment..
Im holding from $100 average. never bought above 600. Im really not nervous at all. but perhaps a little irritable..... |
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nah, dude, bitcoin is currently an high rish, low reward investment  you make me LOL so hard. what a joker. every bubble brings more people like you. every. single. one. you are telling me that you were around the previous bubbles? Yes I was. Ive been following it since $2 and Ive been speculating since $80. |
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Yeah, probably best to wait until the last minute since the payout is changing. I would never make a bet where the odds could change.
What do you think day trading is? That's exactly what we do. only difference is that one may reverse their bets on the market at any given time. |
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nah, dude, bitcoin is currently an high rish, low reward investment you make me LOL so hard. what a joker. every bubble brings more people like you. every. single. one. |
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Descending triangle?
No. just a wedge. it only means consolidation. you cannot derive more than that. |
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Dudes, no offence and all.. but... could you just for one day.. maybe confess just to yourself.. that drawing these little lines on these littles graphs is just a method to justify your gambling problems? I dont think you understand our objectives. any old pumpkin head can see bitcoin is a good risk investment. but if you want to pay double the fair price...... go ahead! TA is risk management no more. DONT come to a speculation forum and make fun of the TA. |
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No, we were staring in horror at the 1w, 3d and 1d charts.
in horror? why? are you shotr?  |
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I prefer this one    CHECK - MATE |
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Sure, but you could also wind up winning more. Depends on how bearish the bettors are.
It's better to wait to bet until the bet soon closes Yeah, probably best to wait until the last minute since the payout is changing. I would never make a bet where the odds could change. if you wait till the end, you get a terrible weighting. You can actually make money this way. if you know a bet is going to be popular, you can make money by betting yes and no if you are the first bettor. |
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Yup n iead which way it'll go though.  time should be 2:30am  If it is not interrupted, it will break upwards. |
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Sure, but you could also wind up winning more. Depends on how bearish the bettors are.
It's better to wait to bet until the bet soon closes thats where 'current weighting' comes in. If you wait till the end, and take on 50% weighting, you only win half of your share of the loot. I bet early. so for everyone who bets on 'yes' increases my winning, even if people bet an equal amount on 'no' |
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 nice trendline. anybody else notice this? |
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Who can spot where this image comes from??  Chessnut dreamin about trend reversal pt.5 Congratulations fonie! you WON the game! now who can tell me where this image comes from?  |
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... they will fuck us all the way up and down, we will all learn just to hold if we are lucky bring it on. yah bring it on! let the fat cats naked short 22 million paper bitcoins and see what happens then! |
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