In pool playing parlance they call it being hustled.
In poker, if you don't know who the fish at the table is...
etc etc
Let's avoid making Btc price drops a personal matter. It's a market with a diverse range of views. Sorry for not being clear, I was anthropomorphising nations through their government policies, not suggesting that any individuals are the suckers. |
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too quick. needs more pain.
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In pool playing parlance they call it being hustled.
In poker, if you don't know who the fish at the table is...
etc etc
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“Deception is an integral element of Chinese strategic culture”
Agree, the naivety on this forum is disturbing. If all participants in the global economy are working towards peace and harmony for the greater good then nobody has anything to worry about. If (and I would tend towards this) govts are competing then the gravest error would be to underestimate the opposition. That way lies certain ruin. |
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The guy calls it patternicity. Seemed quite an interesting insight into *some* of the insights on this board (my own included). Not that there is no merit to any of them, more that it might explain the strong desire to see patterns as being a fundamental part of human nature, as opposed to a 'condition' that is somewhat anomolous. http://www.youtube.com/watch?v=b_6-iVz1R0o |
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I bought back in on $387, I'm happy as can be. I have now got half a bitcoin and now the 2 year wait for the next bubble. I noticed these bubbles tend to want to break through certain "milestone" numbers. $10, $50, $100, $1000, whats the next milestone?
next 5 milestones imho. previous ATH, $2k, $5k, $10k, $20k (if china u-turns there might be some yuan related oddball figures in there) |
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agreed, apart from the dead cat bounce. price doesn't just suddenly reverse....
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This is all a ploy by the chinamen to get cheap bitcoins. Ban it for a week it plummets, have your agents in foreign countries buy up cheapo coins. Then lift the ban.
Quite right. Wouldn't be surprised if this is blatant misdirection. Much like users in the troll box talk their position, nothing to stop a govt representing a stance that in actual fact belies their true motives. But this is all just speculation huh  |
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I don't put much stock in chart extrapolation, but I'm curious: Isn't it odd to draw a trendline that the price is constantly above?
I think people are trying to establish a baseline price, that it will never go below. |
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I like this thread. I also like drawing arbitrary lines on charts so I'm throwing this in the mix.  I think the pirate incident created some false lows, so I've moved the line a bit from the original one EM posted. Based on nothing more than a gut feeling that it seems a bit like 2011, as others have observed, I've replicated a rough projection of the angle of attack and descent, which just happens to be a right angle (well close enough that I can shoehorn one in... if you squint a bit heheh) So plugging all of this into the patented sgbettojector, shown here as some nice blue dashed lines, gives the end of march, and a low of just under $200. So convincing is my analysis, that I'll be ignoring it entirely, and holding tight. I can handle riding out an ~80% decline (again) as this will at least guarantee that I won't lock in losses by trading badly. I'm really good at that (trading badly). Which is probably another reason why this chart needs serving with a good pinch of salt  |
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@JayB, did you trade this dip?
Did you get out in time or get trapped?
"Did you troll this dip?" Might be a better question |
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china will push bitcoins to $0 or possible negatives
western markets to bottom at single digits (hopefully)
my ladder is
$11
$7
$3
$.55
$.15
$.02
2011 just called... Said something about someone borrowing a ladder... |
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Edward50 most likely right. Though of course it will only go to $200, where he will say it's going to $100 |
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Fed taper not yet. If it does watch PMs do the opposite to what everyone expects. (I am averaging back into gold right now so yes my post is tied to my position!)
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necro
this actually turned out to be fucking true. who made this chart?
Monday 16th Dec is 115 days after post date... /dramatic music OMG. This. Thread. |
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Or you could spare your nerves and quit trying to trade without knowing how. The only way to learn is to make costly mistakes, so sometimes it is best to just be an investor if you haven't already learned the art.
shamone brother. Though, I suspect there will still be a bit of 'plate touching' regardless of how good that advice is! |
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China is smarter than "the west". The reason they are all over BTC is because they understand what is happening to the global economy.
China, in order to keep its industry competitive, has pegged its currency to the dollar which broadly speaking means that every time Ben Barnanke or the US banks churn out a new dollar, China must churn out 8 new RMB. China has therefore imported the US's inflation problem or another way of looking at it, China has been accepting US funny money in exchange for real goods and services. Not smart! However, since u think China is so smart, I will advise that BTC is cheaper now in China than anywhere else. What do these 'smart' Chinamen know that us dumb westerners don't? Oh yes, and market seems to be going the way that I am betting it will. Thats good. I hope you do well in whatever trade(s) you make, and are able to get out/in at the right moment. I am envious of those that are successful trading, I hear lots of stories about how much people made. I made a few good trades in my time, but I made more losses. Its funny you don't hear so much about people's losses. China's currency may indeed be pegged to the dollar, much as every currency is. I think that kind of misses the point that the amount of *money* China has isn't actually affected by US shenanigans. When all is said and done, the great fiat currency experiment will see winners and losers. When the 'war' is finished, I think those on the losing side will find little comfort in the battles they won. I see BTC as a part of the experiment. In fact I see it as precipitating the endgame. I might be wrong, but if I am the risk to me is tiny. If I am right the reward is high. More importantly, if you position yourself on the other side of the argument, your risk reward ratio is transposed. I've been around long enough to know that high risk for little reward is not a good bet. |
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silly me, i meant...  |
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