We should all stop selling for just 10 minutes and see what happens for shits and giggles.
Seriously though the largest growth keeps happening in single large 15 minute candles. Is this coincidence or is it perhaps 1 person accumulating large amounts of BTC over short periods of time and then letting the market re-equilibrate to not run up prices too fast?
say you are group of private equity that wanted to take a $50 mill position in BTC, how would you do it? (assume you managed to secure ~60% of that off the market already) Obviously not in one market buy... Big money isn't that stupid. |
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Well it's the witching hour where I am.
I am leaving bids from low 270s down to 250 overnight just in case.
I agree it looks up (until Thursday at least) but better safe than sorry.
94% BTC - not much fiat left since January - it was way too cheap!
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Orderbooks are screaming down... Probably $250 at the "most".
Well there was good support at 270... Maybe not even that far. |
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are we done for today 285ish till tomorrow's pop over 300?
Volumes dropped after 5pm EST - seems New York went home then... Looks quiet and Fiatleak is saying its China buying a bit and US buying far less - but nowhere else is interested. My hunch is it's gone a little quiet. Of course any whale with an agenda will have spotted that too...! |
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What's funny enough is that when everybody expected rise (ton of good news etc) there was a dump-fest. Now we're expecting some Ks of BTCs to hit the road at the auction and the price goes bananas. Go figure...  Nothing too surprising. It seems everyone forgot the market rallied in a similar way before the 1st auction. If you're right then it should be 'sell the news'? Couple of days to go for that, yet. We'll see. For me we had the bottom mid-Jan. Bear market had to end at some point. I think it did. How far we go up and in what time frame is all down to honey badger. |
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there are so many similarities between woman orgasm and bitcoin uptrend in last weeks.
No doubt you are expert, enlighten me - care to show some TA on that one? |
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buying volumes are declining. Over bought territory. I believe it is time for bulls to take profit and bears to start shorting
go ahead I am surely taking profits now... nothing to complain about ...and opened s amall short, just for the fun of it so far it appears that the timing was perfect 😀 'So far' yes. you are right... moving my stop loss accordingly to protect that position... I don't know if I am 'right' - just thought saying it appeared to be perfect timing was a little early. Sold a bunch myself to take a little profit, but I think it's either way just now - a couple of days will tell - seems like volumes are around if the market decides. I definitely am not doing any leveraged trading right now. Good luck - but maybe don't sleep on leverage, eh? |
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buying volumes are declining. Over bought territory. I believe it is time for bulls to take profit and bears to start shorting
go ahead I am surely taking profits now... nothing to complain about ...and opened s amall short, just for the fun of it so far it appears that the timing was perfect 😀 'So far' yes. |
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pretty hard to maintain a negative perspective making like $500 per hour gain on these pumps while not pushing more money in myself ... i want a yacht too afterall ... it's just going to take me a few years of constant trading i figure ... or a valuation of 5K per coin i guess would do it ...
I will be popping champagne corks at 500. 5000? I will miss this place... |
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We've seen a bottom, nothing is stopping this train now.
A slow climb back upto 1000 USD before the next halving.
agree that, i think we will see 300 before march ? 300 in ~24-48 hours ┗(°0°)┛ Welcome back Adam, you've been missed. |
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Any other Brits on here?
Daily lurker, occasional poster, long term holder, Brit. Mustn't grumble ;-) |
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BJA is not far off.
Grexit, according to many respected analysts is looking a 50/50 bet right now.
The turmoil and uncertainty in the whole Euro experiment this will cause (and uncertainty worldwide) is already being factored in by smart money.
If any capital flight was likely to benefit BTC we would already be seeing it.
If your banks were about to potentially collapse, or your capital was at risk from your country's banks possible liquidity crisis, wouldn't you already be looking for ways to keep it safe, or at least move it?
The money is already nervous. Bullish as I am (long term) I don't see evidence growing that BTC will be the beneficiary of this crisis.
When Cyprus happened, BTC had not lost so much value and had so many scams tarnish it.
When Greece happens, if it does - the money will not take more risk, it is already seeking safety. And right now, this is not what BTC appears to offer.
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7 days until the Euro crashes. Can't wait.
I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be better both for the Greece and the Euro. That does not preclude bank runs, nor the collapse of the EU. Or the deflation of NATO for that matter. Contagion and dominoes. One triggers the next. What has this to do with NATO? And how something that makes both economies healthier leads to bank runs and collapse of the EU? Have you ever studied the Iceland financial recovery which Greece is imitating? http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.htmlYes I have studied it - I have a property there I bought last summer. Iceland could not pay cover the bank's losses and so had no choice. At the time the banks net debts were 100 billion USD the government had just 3 bn Euros in reserves, pumping money into the banks as other countries, like the uk did - was not an option. But this is turning out very well, if painful devaluing as drastically as they did means everyone's salaries were devalued in terms of their purchasing power for anything other than the basics they are fortunate to have locally. They have natural resources Greece does not have as well as a collective stubborn gritty determination to work their way through no matter what. Icelanders are only a few generations off from a population that nearly starved every winter. If they have to knit their own clothes and fish to survive, they will. They also have a Scandinavian model economy - high tax, but wonderful state benefits - and very little wealth disparity between the rich and poor. Most of the free marketeers here would detest living in this system. I happen to think it is one of the best countries on earth. And one of the best places to live. In the summer ;-) Greece could learn much from them, but I don't see how they can do what Iceland has done. |
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My 2 cents: We have had the bottom.
For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher.
I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310).
 Yup - that's me  |
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My 2 cents: We have had the bottom.
This the last chance for the whales to crash it and scoop up coins. World banking and the bond markets are due for a crash, every currency is in a devaluation war, printing money.
2015 will be a volatile year. Greece was the canary in the coalmine.
For me it's a buy now and - since I think the bottom is in - the risk is maximum $75-ish down (at worst) but the upside is way, way higher.
I am buying and have been accumulating since the dip, sub 200 (with a little day-trading the dip down from 310).
A sub 200 is possible, but I can take a 30/40 dip.
What I don't want to miss is exchanges running out of coins and a bull run that shifts price upwards dramatically while I sleep.
I hope I am right ;-)
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I stand corrected, thanks. |
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Bying the hell out of anything close to 250.... May you all have fiat left  |
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It seems I don't have the nerve to sell and hope it drops. Do you keep to a trading strategy? or listen to your guts?
For now I'm trading the Four Punch Pattern. *** Of course it drops after I close my short. Oh well, a small profit is better than none. Still 90% fiat though. Got plenty of dry powder. You should have hung on until China opened. You had a logical strategy and let emotion in! Totally good call, then you closed...  ??!!! C'mon BJA - remove emotion and stick with it. It's what you would've said... Probably 250 dip at least? You called it! |
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That graph looks like Satan and they are still buying. I'm pretty fascinated by it. It shows the delusion...
Only small fry are buying, unless it's someone sneaky making lots of little buys. Being able to see the volume is a huge advantage to bitcoin trading. Looking at the order book, I figure it would only take a 3k BTC dump on three exchanges to start a Chinese stampede for the exits. That's a heluva return on your money. How low will it go? Anyone besides me have any fiat powder left? Not enough to change the tide, enough to help my stash, though - a few thousand $ - not nearly market changing. A whale or two spotting a soft target easily makes everyone (posting) here pretty irrelevant. Be nice if Coinbase beefs up the market - but it looks way off yet, and may only mean money moving from (say) Stamp. New participating fiat would be very nice, but a rally will bring it in, not Coinbase. True enough. I'm in a similar position. The only reason I'm margin short right now is so that I'll have the ability to buy more when and if it drops, but that means no sleep tonight. No fucking way I'm sleeping margin short. There could easily be surprises in either direction, but the downside looks much more likely. Fortunately I am on GMT, so I won't lose a lot of sleep waiting a few hours. |
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