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Great!
Thanks for sharing!
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Mervyn, I just reversed my leveraged long positon, and shorted my whole capital on leverage.
you have shown me the light.
thats the most sensible thing you have said in days.  not sure if ur joking or what but still funny either way. |
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Mervyn, I just reversed my leveraged long positon, and shorted my whole capital on leverage.
you have shown me the light.
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You guys should be focus on getting the "money in" from people actually using bitcoin as a currency for commerce rather than from "investors"!
investors must come first to set up the infrastructure. It cant happen the other way around. |
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I think it's a pretty smart fit actually. very interesting.
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The fall of MtGox was just engineered FUD, so that someone could buy cheap? I never thought of that.
I have only one question for that, were the engineers The Illuminati, who were helped by the grey alien banksters?
no no the beauty of it is that you dont even need to organise it. but you can if you want. all you need to do is draw media attention to FUD when everyone is long and convinced the price is going to rise. for example, china bans third parties/banks from managing yuan on bitcoin exchanges. the next day headlines in the paper - "China Bans Bitcoin!!!" But thats total BS isnt it? |
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Weak rise.
Any chance it comes back to to 450 or are we set to hover 490-510?
Look to huobi, that is the market leader. Huobi is showing a lot of strength. I expect 540 in 12 hours. |
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I like this troll! he puts a  at the end of every sentence. hard to find trolls so polite and patient these days. |
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When you are holding 5000+ BTC, and you want to get rid of them, then you won't dump them together. You dump some, then wait for the desperate fellows to build support "because it's only going to rise now!" and then you dump some more. It's more profitable this way. It's funny and sad to see, how this has been going on for months now, and the desperate fellows are even wiring in more fiat, so that rich fellows could sell with better profits and move on to better investments and what do you do when you want to buy a whole bunch of bitcoin? you engineer FUD, and then you set large buy orders ready to intercept noobs who panic sell all their coins. then you release the news, and everyone GIVES them to you, out of desperation. day before yesterday, a giant whale was exposed accumulating large sums of bitcoin, when the worst news possible was released and the market rallied afterwards. |
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Who is your boss Mervin? why did he send you here? how many bitcoins is he trying to buy?
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You're pretending to love it, so you could pretend confidence with the price going up. It's been like that for months, with the "most enthusiastic of the enthusiasts" always so certain that now is the time when the price will go up. It seems like they have bought very high, because they seem kind of desperate for the price to go up. I hope that they didn't loan money to buy bitcoins.
no, we genuinely LOVE it. do you know how sentiment works? we are at a classic bottom. the worst news possible came the other day, yet the market couldnt carve out new lows. the bears are spent. the worst is over. Yes I have a leverage long position from 450 and Im not letting go. |
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The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an unattractive investment environment.
Love the fact that there is still bearish sentiment +1 the very confirmation of the bears worst fears cant bring this market to new lows. hopelessly over sold and begging to be squeezed. grab some cheap coins and wait for the good news (yes it is time now again that good news will affect the price positively) |
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When the rally started it was about 4:00 pm in China, and it jumped just before 5:00 pm. Perhaps out of relief that bank hours were nearly over (they close at 5:00 pm it seems), and there were no bad news today?
yeah I think you are right. The risk will become less and less in the coming days. PBOC has had plenty of time to make an announcement. as for more exchanges shutting down, we shouldn't hear that sort of news until April 15th. |
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4k buy orders above 480 on BFX.. GREAT time to shotr bitcoin!  Meh, don't get your hopes up. The same situation happend yesterday. Only to plummet again... sorry I dont see that. there was no plummet yesterday. we rose from 450 to 480. |
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profit taking has to be done, wonder if the buying pressure will bust through it all. Then people start going long. Awww time will tell.
... Profit taking you say. I think a lot of people will be taking a loss tonight. How so bull trap? or all the shorts being called in on a big run if its happens.. I guess it is night in China but it's 6am Eastern Standard Time I know a few people who shorted at 500ish believing that the price would fall to 200 and what not. I think anyone expecting 300 would have happily shorted at 450 too. the bears will be angry tonight like a disturbed ant colony! .... dont think it's a bull trap. |
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4k buy orders above 480 on BFX.. GREAT time to shotr bitcoin! |
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An interesting development - LTC/BTC for the first time in a while is trending DOWN in a bitcoin bullrun.
I think this is a fundamental shift that we all expected.
if LTC increases at a rate of 2^2, and bitcoin at 3^2, this is obviously what we would expect to see in a genuine bull run driven by fundamentals.
A wise move would be to short (using BTC) the LTCBTC pair on Bitfinex. this will mean full exposure to the BTC bull run as well as exposure to LTC inferior fundamentals.
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wow 2k buy order on Bitfinex. looks genuine, it's been there for hours.
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profit taking has to be done, wonder if the buying pressure will bust through it all. Then people start going long. Awww time will tell.
... Profit taking you say. I think a lot of people will be taking a loss tonight. |
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1.6k sell wall at 500 on stamp. If it can break through that, there will be a nice bull run to follow |
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