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I think the market is still bullish. The price has held 400, which after the extremely high volume (manufactured) selloff yesterday is impressive.
Market participants want this to bubble. Some more buying up to ~500 and we hit 700.
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Low volume accumulation has begun again. Weak hands sell to manipulator. Then the price moves upwards until he wants to sell again. Rinse repeat until we moon. The price could go straight up or straight down. Either way it will be fun  |
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What a brilliant thread. Keep up the smashing work. Have you thought about turning such an idea into bitcoin daily site? I would log in daily to reinforce my cognitive bias |
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you are fools if you are buying now hoping for a bounce.
they will dump into you relentlessly.
The market seems to have done the opposite of what you suggest it will for quite some time.. |
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Right tempting to go long here..
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Disappointing how much it has dropped. Just remains to see how low it goes, if it bounces and if we continue upwards having dropped the weak hands.
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love this ) |
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make or break time..  |
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wtf are noobs doing in west exchanger? china are leading this rally and you all dumping, now get rekt and cry greedy bastards.
fomo @:) |
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China didnt even flinch. You can almost see your individual sells on finex guys |
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Let's see how the market holds up..
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Let's see weak hands before going to 600$ 800$ 1000$ Sell now and cry later. There is a long way to go before the ATH. And then a lot of SUCKERS (buy high) are going to sell to get out of BTC. And a lot of traders are going to sell (bought below 250$) part of their coins to lock-in profits. Increase your fiat holding by a factor 5 and still hold more bitcoin than most suckers here, is really comforting. Poor beggars will always remain poor. 'Activity 98' |
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I wouldn't say $2500 is easily attainable. That would raise the btc market cap from roughly $6 billion to roughly $30 billion. If you think $24 billion is easy to come by, well then pm me, I have some bridges for sale. You aren't really stupid enough to think that to buy the price up to 2500 will cost 24 billion are you? |
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If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.
And if you could buy them at $25... Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit. And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage. So in all likelihood, coins will go for close to market price to someone looking to accumulate. Yeah, but if you could manipulate the price lower the night before the auction, not only would you have no slippage, but you could get a substantial discount. Buying slightly below an artificially low price covering your short and then you effectively get coins for free. Not counting of course the risk that your manipulation fails. But in that event, you know the price is artificially high, so you could take your newly purchased coins and leverage them 20:1 short AFTER the auction and make a mint. It is mathematically impossible for the graph to go straight up. Parabolic rises end violently. I've been through enough of them to know. Timing, timing, timing Billy. Unless you are imbued with luck or know the guy who drops the hammer to signal the top, the rest of us have no idea when these things start or finish. Just ask Masterluc.. |
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This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Visible order book being the important point Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises. Hopefully you are right though and this is a prelude to madness and mania. off topic: by the way you aren't voktar the qw player are you? |
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Is the November of 2013 repeating itself?  Remember remember the 5th of Novemb ar! Great name for a bitcoin bar |
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the dip hasn't even started yet.
I sold for 258, then rebought, then sold again. yes. but I didn't short till 305+. I don't want to be an inca one day. fast longs, and slow shorts. winning strategy for me.
The time to be a contrarian isn't in the face of a tidal wave of bullish buying, but at the end of a bear market when noone wants in. My only mistake was buying too few btc when we were at peak 'double digit coins' |
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Only minutes left until a triangle should break either way, my money is on down.
For a change..  |
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Go ahead, party... You think you've already won, but you haven't   Get back is gonna be sweet... Pathetic. Hopefully no one listened to you in the last year. Thankfully the price continues to march higher. Any wagers on the eventual top? Thoughts on the impact of the USMS auction tomorrow? |
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I would hope that bears were bright enough to be nothing but trend riders who'll be perfectly willing to turn it around when necessary. They've had it so good for so long though that it's going to be a hard and expensive detox for plenty of them.
Imagery of the world's tiniest violin being played comes to mind. |
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