posting this for the sake of argument 2013 bottom  now  Compelling argument, but if you want to argue, let's argue. If I recall correctly, Gox had halted fiat withdrawals and the rally didn't resume until the withdrawals resumed, right? Now Gox is dead and China is dying. What are the Odds that the PBoC will reverse it's pollicy? There's not even a rumor of that happening. I swear I had started a long reply yesterday comparing the bad news in US/Europe of April/May 2013 (Gox , Dwolla, CoinLab, Liberty Reserve, bitcoin-central, btc24, etc) with the bad news in the rest of the world of February/March 2014. Ironically my cheap Chinese tablet crashed while editing the text. |
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Too early to tell. You could have few steps down from here, or few steps up.
Agreed it is way too early to tell with reasonable certainty. Bottoms also do that to us, and so do bull traps. The fact is, we don't have much of a clue right now  |
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Looking at the volume of those two charts, why do posters in here keep telling us that we can't have a bottom without a huge increase in volume? Im not seeing a particularly large amount of volume around the 2013 bottom either or certainly not masses more than there is at the moment especially if you take $400 as the bottom from post gox shut down and this is just a China lead leg down.
 now, let's also give litecoiners something to worry about:   |
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posting this for the sake of argument 2013 bottom now |
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Huobi bears woke up to dump
There was a shortage of red candles at the shop. New supplies arrived in the morning and revived the bears' hopes... But some of them will have to be left in the dark. I am about ready to go to sleep.. how low should I set my buys on BTC e? maybe $423? We cannot really expect to go much lower than that, no? Sorry if that was a question to me I read it too late. The red candles have run out again. I wrote "some of them (the bears) will have to be left in the dark" and that's what I meant. Please take my words as seriously as you would take trading advice from some random dude on a forum. |
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Huobi bears woke up to dump
There was a shortage of red candles at the shop. New supplies arrived in the morning and revived the bears' hopes... But some of them will have to be left in the dark. |
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bitcoins will be 100% safe
lol |
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I am amazed at how 5-6 dollars swings do change the sentiments here.
example? You |
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I am amazed at how 5-6 dollars swings do change the sentiments here.
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Yup. We're pretty much dead in the water, and drowning.
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Huobi still buying tho': fighting resistance at 2750 albeit with not much conviction.
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Fundamental indicators? number of transactions has turned south for the first time since December.
That happened in June-July 2013 too. Not sure if still dropping or not though  Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:  But the worst of all is the estimated USD transaction volume:  |
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Warning warning, flatlining on low volume again  |
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volume on Huobi is lower than on stamp or even btc-e the last 3 hours. Is that good? (okcoin is ok)
volume on Huobi is super fake. Huobicoins are in fact very volatile  |
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I kinda have the feeling that you guys are posting rockets waaaaay too early.
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Ahem... this might go both ways. I have contributed my fair amount to that pump. Gonna see if the other contributors are old whales or new meat. In the former case, the decline will restart soon.
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can we explain a single actor buying 5k coins?
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So, who's drinking? What's the opposite of champagne?
Too late, the bottle is gone, call up next time |
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