So I hope tomorrow my deposit arrives @stamp... Cheap coins and then chu chu to $2K  You don't get it... Coins are going to be a lot cheaper in a few months. There will be rebounds in between, but the real cheap coins will be at the bottom of wave C, and now the market is only in the middle of the first 1 / 3 of wave C. bla bla bla we hear this for 2 years now... Also stupid thread, admins should delete such posts immediately... They´re only made to force people to sell so the OP can get cheap coins... Ego´s everywhere... it's a real possibility that we see a C wave. we are either in a III wave or a B wave. really simple. all about risk management. |
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He´s lookin real nervous. I analyzed this video with a friend of mine who is a shrink. And we both came to the conclusion that he´s tryin to hide something bad, that he is already aware of, which obviously means that things in China are even worse than we thought they are. I´m a bit scared  was he a qualified shrink? then your analysis is confirmed and this must certainly entail the end for BC. we should all be very scared to hodl Bitcoins. but not if we are shotr of BC. then we should be glad. Of course he´s qualified, otherwise i wouldn´t have posted in this thread. I agree no one should hold BTC right now, it´s just to dangerous with news like this around the corner. Still there is some money to make if people go short or at least they won´t lose any money if they sell.It´s their decision. lol im just doing my bear impersonation. dont mind me. |
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He´s lookin real nervous. I analyzed this video with a friend of mine who is a shrink. And we both came to the conclusion that he´s tryin to hide something bad, that he is already aware of, which obviously means that things in China are even worse than we thought they are. I´m a bit scared was he a qualified shrink? then your analysis is confirmed and this must certainly entail the end for BC. we should all be very scared to hodl Bitcoins. but not if we are shotr of BC. then we should be glad. |
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Yes, fiat currencies are backed by guns. We who invest in Bitcoin are risking our money in order to have a currency NOT backed by guns. We are only risking our money. Many, many others have risked and given their lives for the hope of freedom. You may be underestimating what a powerful force the love of freedom is. This may not be rational, but it is very very real. Bet against it at your peril.
Divided Guns vs the Greater Consensus. who will win? |
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I believe what he is referring to is this excerpt from the Official Bitcoin Noticed issued by the Peoples Bank of China: "Financial institutions and payment institutions are not allowed to use bitcoin...or directly or indirectly provide customers with other services related to bitcoin" See paragraph 3 of this English translation provided by BTC China https://vip.btcchina.com/page/bocnotice2013Essentially, banks are forbidden from having anything to do with bitcoin, directly or indirectly. Bad news for now, but essentially this is exactly what the bitcoin community wants. Banks, back of the queue! |
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I created my own private alt coin and moved all of my bitcoins into there because of how low Bitcoin will drop on January 31st.
I have also burned down my house. Just in case.
lol gimme some of those alt coins!! I dont care how much they are I need just to dump all my BTC!! |
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F@ck paypal! They charge 4.4%+$0.3 in our country plus they screw you with their currency conversion and take around 3-4% of your money.
dont get me started. I bought a guitar from spain and paid in paypal. the official exchange rate EURNZD was something like $1.65. they would have charged me @$1.71!!! so I used the visa debit exchange rate, which turned out not much better, and then my bank slaps me with a $20 overseas margin call!! they had absolutely nothing to do with it!! the fee was 3.6% I paid $400 more than I needed to for the guitar. It was a $3500 guitar. Bitcoin will save us. |
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Why are all non-mtgox markets lagging so much behind?
do you know the deal about withdraws from mtgox? its hard to get cash out and easy to get BTC out, so there is net buying of BTC. its hard to get around the loop to profit from the differential because of withdraws. |
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 Last call to board the train, Last call This is the funniest thing Ive ever seen. sums up the whole forum if not for all the bears. |
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I was a noob once and within 2 hours of learning about bitcoin I figured out that there were many exchanges, and the price difference between all of them. I even downloaded an app to keep track of them all for possible arbitrage opportunities. I cannot imagine that the people investing $100k+ are that stupid.
having money doesn't correlate well with intelligence. postiively perhaps, but if so, just barely. +1 |
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All of the buying this morning was following mtgox.
"All"?? horse shit. a big chunk was short-sellers hitting their stop-loss points. But it originated at mtgox. Without gox it wouldn't have happened. Maybe, but if people were just cutting their losses so they could sell on another exchange, the price would have gone DOWN on those exchanges and it didn't. Wrong. People can panic buy out of Gox without selling on other exchanges right away. They just hold the btc. They would rather not realize a loss, and instead wait for the next price rally or until mtgox fixes its problems. Also, since this morning, the gap between mtgox and other exchanges has increased from $160 to $200! ok, so if they are hodling then they believe the price will go up eventually. If enough people believe this, it becomes a self-fulfilling prophecy. The point is a bullish spin could be put on this story just as easily as your bearish spin. So true! it's all perspective. |
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I don't doubt all the new players are swarming to Mt Gox as the most profitable place to sell their coins.
the reason why people are swarming out of mount gox is because they cant withdraw their money. its dodgy. I don't doubt all the new players are swarming to Mt Gox. yea I see your logic. but why would I want to sell my BT at an exchange that I cant get my money out of?? Ill just have to buy my BT back like everyone at gox is. |
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I don't doubt all the new players are swarming to Mt Gox as the most profitable place to sell their coins.
the reason why people are swarming out of mount gox is because they cant withdraw their money. its dodgy. |
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Why is BTCE following MTGox?? I know its not following agressively, but the two charts are still highly correlated.
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The fact of the matter is that support was and is not broken.
I have read a lot of technical analysis books (in vein) and none of them draw firm conclusions at any time, thats very bad practise. The situation is ambiguous at best. we are only looking for an edge. the market does what it wants when it wants. fact. It will eat a 1500BTC wall when it wants, because thats just how a zero sum game works.
you must have heard the saying, the trend is your friend. for all my experience it's the only thing Ive come to believe about trading.
my name is chessut because I am a very good chess player. I know a good technical analysis is worthless without strategy and foresight. a bearish analysis of this chart has no value to a trader.
Then I am sure you are familiar with the two versions of right angled triangle and what happens to the price in the majority of cases when the break out occurs. Although no 'firm' conclusions can be drawn, history teaches us that the strongest probability is that Bitcoin has formed a descending right angled triangle (bearish). I might have bought that, but the triangle has falsely broken up, falsely broken down, and now its heading up. I dont understand what it is doing so I will wait for a real opportunity. you dont have to trade any old setup. |
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I would challenge the view of a 'clear' bear chart. The last bear run died at critical support on all exchanges. I think the best a bear could say is that it's very flat.
besides, any kind of technical analysis will be intercepted soon by brewing fundamentals. It is 50/50.
up, thats my 2 cents.
I am sorry, but every standard investment text book in the world would have the right angle formation that has formed on the Bitcoin chart since 6th Jan, as a bearish indicator. Look it up google it. See for yourself from countless historical examples of right angle triangle formations that when the 'horizontal' line is formed as a price support line, a break down in price is to be expected, especially so when the right angled formation is formed from a rally from previous greater highs. Now, I have already learned a lesson about applying text book trading rules to a market that is largely cornered by a relative few...but that is on the short term scale. On the large term scale, is Bitcoin really going to be one of those examples that breaks the classic mould of textbook examples? The fact of the matter is that support was and is not broken. I have read a lot of technical analysis books (in vein) and none of them draw firm conclusions at any time, thats very bad practise. The situation is ambiguous at best. we are only looking for an edge. the market does what it wants when it wants. fact. It will eat a 1500BTC wall when it wants, because thats just how a zero sum game works. you must have heard the saying, the trend is your friend. for all my experience it's the only thing Ive come to believe about trading. my name is chessut because I am a very good chess player. I know a good technical analysis is worthless without strategy and foresight. a bearish analysis of this chart has no value to a trader. |
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Yep, I had several OK withdrawals in last few days so I even called it bullshit earlier today here when someone said there are delays, but from 3 today, the last one went missing.
Believe me, this is gaining momentum, there's 10,000 BTC in limbo right now. No ETA on when this problem will be fixed. It appears to affect larger transactions so anyone making small withdrawals won't be affected so much. check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though. My one that is missing is not that big, 10.84 BTC It's FUD, of course about Mark, people talking bullshit as usual. Do you think Mark is smart enough to know when it is time to pack it up and call it quits? What's more likely, Mark liquidating gox in an orderly fashion or running off with the last of the coins? Liquidating it on legal way, yes, there is possibility. Running off with the last of the coins, no, he is smart enough to know that he won't enjoy that money for too long. what ever happened to the 100,000 BTC that bandits stole from silk road 2.0? people know people, they are going to live the rest of their lives in fear. |
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why do you feel a person can have huge ammounts of fiat ready on all exchanges to take advantage of the best price on any of them at any given time? is it not possible someone wired to money to whatever exchange and simply bought the total when the price was at what they felt was reasonable given there expectations?
I can have small amounts of Bitcoins and USD on all the exchanges I care to operate on. If I was heavily loaded with BTC and USD, I could have humongous amounts of both on all the exchanges I care to operate on. Whilst most on here don't see it this way. To an impartial observer, the Bitcoin chart looks a horrible bet right now. It is a clear bear chart. If the present trend is anything to go by, we will not see $850 Bitcoin again for some time. Saving for someone having insider knowledge that the rest of us are not privvy to, right now is a terrible time to be making multi-million dollar investments. It was either the work of a rich idiot or idiot(s), or the work of some whale(s) already up to their eyeballs in Bitcoin who are stage managing the market for some purpose. All signs point to a slide back beneath the $800 dollar mark only for a record breaking trade on the 5 minute candle to swoop in and totally rearrange the environment. I have seen myself tip the barrel in times of very low volume with my own trades, never more than 30 BTC these days. I have also observed how other exchanges respond to the shift in price I cause on Bitstamp. It is fun to do and in low volume conditions, even I can shift momentum in my favour for albeit, a short period of time. Now someone with massive reserves of BTC and USD, has the power to bitch slap this market any which he pleases. Perhaps the wealth he needs to appropriate to achieve this even inconsequential to him? I would challenge the view of a 'clear' bear chart. The last bear run died at critical support on all exchanges. I think the best a bear could say is that it's very flat. besides, any kind of technical analysis will be intercepted soon by brewing fundamentals. It is 50/50. up, thats my 2 cents. |
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Leveraged a short term long position @ 812. Choo choo and all that.
good move, I think it is generally agreed that in the next few days something big will happen. It is a very good risk opportunity to go long from here. having said that, I would feel better having a zero leveraged position. so that I could laugh in the face of cunningly engineered bad news. CHOO CHOO! the bitcoin train waits for nobody! |
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