Current indicators show this slippery slope will continue to about $150-160 before another massive crash sets in, caused by manipulation and mass panic, it will drop to about $80-100 similar to what we've seen yesterday.
A bounce to $140-150 is likely to happen shortly after, to return to another last slippery slope and crash, dropping us to $30-$40, bouncing back to around $60-80. By that time i'll have more to tell on the matter.
Feel free to quote me for later reference to how insanely accurate these predictions are.
I may be off by a day or a week, but the predictions are always spot on when it comes to value.
Time will tell. The problem with doomers is they never know when to stop. |
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Wow, that's a lot indeed! Seems like the panic phase is finally here  OKcoin and huobi have no fees and therefore the volume is meaningless, and, obviously faked. |
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Has anyone ever considered it may be the very people that print the dollars that dump bitcoin?
Yes. It is a distinct possibility one of our money printing friends is adding chaos to the market. But it is more likely a thief cashing out, or some collusion between miners or just good old fashioned speculation. Cash should reach exchanges by tomorrow, follow through selling should happen sooner. Then we see where things go IMO. |
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So we bounced up to 220. Do we retest 185 and bounce around or back down and touch the 166 again?
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Bounce is inminent. And not a normal bounce, a huge bounce.
Up or down? BTW anyone else suspecting the Chinese exchanges to be almost completely fake? There was just dump, flatline, dump, flatline. The volume was also completely ludicrous. |
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You guys really think that was the bottom?
I really think there will be more
Short interest still at 21,800 according to bfxdata. Longs down to 16 million which is the lowest it has been since prior to the failed launch attempt earlier in 2014. I am sure we will have some price volatility whilst there are so few coins available. It would be very easy to move the price upwards a LOT now. Doesn't mean it will happen though. |
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what the fuck has happend?
Best thing this year. Lots of bulltards lost a lot of money. Always funny to see people get fucked up meddling in things they have no clue. Hopefully some jump off a bridge. Natural selection. Well you are quite the nasty piece of work aren't you. Hoping people who did exactly the same as early adopters just a few months later commit suicide because they lost money. Fuck off. |
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I think there is no rally at all, just an another dead cat bounce.
You know Isaac Newton went Flat Broke Chasing a stock bubble.
Bitcoin is not a stock. It's was a bubble though  Sure. But here we are still at 200$. I'll take that. I think the reason the pattern has altered this time is the addition of leveraged buying and selling, which I feel has magnified the moves and allowed a greater degree of 'manipulation' of the price than simple buying and selling previously. Previously the only option to make money was to accumulate on weakness and sell into strength. |
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Right. Stash increased by 20%. Thank you bears. First bit of trading I have done for a while.
If lambtroll could tell us his predictions going forward that would be great. Need to know if he is just a broken record or not.
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Still 23,000 coins to be bought on finex  We will bounce! |
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Small rebound, but this isn't over yet.
Of course it is..the order books are empty you plonker. |
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Virtually no coins left on ask side on finex...up we go in 3,2,1
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Huobi volume is a complete lie lol.
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Well my order at 199 hit. Chinese exchanges are fake as shit. We better see buying now or cya btc |
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https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/Firstly，some news maybe are not true，it only flows in the weibo or QQ.（what is weibo or QQ，u can see them as facebook or skype，or log on wikipedia）
1、Chinese famous finance investor Duan Hongbin（端宏斌） said that he has selt out all of his bitcoin by his official weibo and invest all money in chinese a stock and Hongkong stock.
2、Chinese famous finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps.
3、Some bitcoin investor have submitted the report about Okcoin's illegal future operation to Chinese legal operation depatment.This news flowed from weibo and there are the pictures about the report files.
4、Many people and i suspect that OKCoin and Huobi sell the fake bitcoin in their exchange,their trading volume(about bitcoin future) and real trading data is not corresponding
5、Many Chinese big V（investor holding many coin or cash）have transfer their eyes onto the a stock or Hongkong stock，especially when the Shanghai-Hongkong Stock Connecting started.And recently Chinese a stock trading volume have surpass the American sum stock trading volume and first reach1000bil CNY.So many money has flowed into the Chinese A stock.
6、Some weibo said that some professional bitcoin investor teams are all short-selling and accumulate the single investors into the investing QQ group.It is like illegal money accumulation.
At last: i also want to say WTF Chinese for those bad guys
Some clarification: https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/?p=61839enrique11, on 13 Jan 2015 - 9:41 PM, said: That's the interesting part that I don't understand. What is going on with xrp in all this. From stephanlau's 2 point above it doesn't sound good: "2、Chinese famous finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps." This is he weibo http://weibo.com/cha...eibo_s&nick=薛蛮子 He didn't say : clear xrp    Will you take the ripple clap trap to a ripple forum please. We are concentrating on buying all the bitcoins here thanks. |
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Huobi seems to like being l33t
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A nice summary for y'all:
-We had 1 year of bear market and we just made new lows, no signs of recovery yet, didn't even bounce much for now.
(never happened before)
-We broke the previous bubble high
(never happened before)
-We broke (and now it's 100% certain) a multi year log support trend line from 2012, pretty much the only sign of a possible long term uptrend left.
(never happened before)
What has happened before is your obvious book talking. Thanks for stating the obvious. |
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Next stop, call it temporary bottom, will be $170 - $180. This targets are based on fib fan analysis. (brought to you by /r/shibedojo)
Ha! Let's see if we bounce off 200. |
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I think we're back to 320 within 7 days.
After that we'll retest this bottom in a few weeks, but we might not get lower than 250.
When confirmed, it's straight to 1000 half way the year.
After that it's work in progress, could hit 10k at 2016-12-31
I probably have to polish my ball to be more precise.
Someone bought lots of bitcoins!! |
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Remember how the price dropped massively ahead of the Bitstamp "hack" announcement? It seems like we'll be getting a new announcement (but not necessarily from Bitstamp) quite soon ... This is a good time to invest in the popcorn industry. Good look, cultists. Keep on "buying" all those "cheap coins". (Read: Insanely overpriced coins.) Ooh tell us the super bearish news exo. Let me guess its a big secret!!11 |
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