oh boy....thoughts on what happens if this crosses over Rpietila? do you expect a prolonged downtrend?  IMHO this bubble is almost twice as slow. So you need an MA/EMA almost twice as long. |
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That would happen if some entity with a stackload of resources had recently setup a gigantic ASIC farm. |
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MPOE is a knowledgeable asshole (let's say "intentionally controversial" if you want the polite version) but as far as I remember, he also proved in the past that BTC price predictions are not his field of expertise.
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I would decribe myself as bearish. But I'm pretty sure we will have a bit of panic buying soon.  Of course.. fiat is infinite.. BTC is not... once it is rising again(the real uptrend!) there will be a rush for the door. You can still exchange the same coin an infinite number of times, and thus have infinite volume. |
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Huobi and BTCChina are playing us... no way in the hell they haven't got same notice as other exchanges but they don't post anything yet.
You mean they are doing a Karpeles on us? |
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The question really no longer is 'are we going to re-test 400 on high volume' eventually, but 'will 400 be conclusively established as the bottom of this bear market/correction'. Considering that each test of 400 began from a lower starting point, I'm inclined to say it probably won't hold.
The question also is: is it going to do a decent bounce at 400 so we can make some extra profit out of the bounce? |
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Good point, oda.krell.
Someone here said that if $200 ever happens (and I don't think so), you won't want to buy.
OTOH I am surprised that, so far, only the western markets are dropping on Chinese news.
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FXBTC announcement. Guess this one caused the last dump. God helps us when BTCCHina and Huobi do theirs: Today, FXBTC site management as some of its peers, as a number of commercial banks received a phone call asking the bank to cancel the account as soon as possible, in order to strengthen the implementation of the central bank issued the notice bitcoin risk prevention work, and some banks have even asked tomorrow cancel the account, FXBTC clarify that the incident was not a rumor, the central bank issued a notice requiring any real commercial banks and third-party payment institutions may not provide clearing services for Bitcoin business, demanding the closure of funds between accounts all bitcoin related sites, FXBTC While it has been hard for the majority of users, offers a variety of prepaid withdrawals channels, but the requirements for the banks immediately cancel the account, otherwise it will freeze the requirements of the account, can not do anything, the company discussed and decided, at 0:00 on April 3, 2014 before no longer deal with the bank recharge after Sunday, suspend business banking Katy is currently TenPay recharge withdrawals yet to receive any notice, you can continue to use, the inconvenience caused to you we apologize. What is the source btw? Is this a google translate from fxbtc.com? I can't access that site from work. |
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As soon as I sell again what I can sell, I'm out of trading until we completely get rid off of China. If that means buying at 600$ - fine.
Well, despair is there, I see... (mine too) |
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 1. This forum is almost dead. Makes me think of June 2013. 2. I just saw two major dumps down to 467 and now I see near-zero buying pressure to come back up. 3. http://blockchain.info/charts/n-transactions-excluding-popular is still dropping. 4. LTC is taking a beating because people are exiting the whole crypto scene. BTC is what they change their alts to, before heading for the fiat door. We aren't there yet. This shitstorm might be over soon but also might go 2011 all the way.
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pls stop dumping. You make that request about once a day now. Shall we all join hands and ask together? That must be as effective as signing a petition asking Putin to renounce to Ukraine's annexion. Lol |
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Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.
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I also heard that social security could go bankrupt in 30 years if NO one were to pay into it.
She should try asking kindly. |
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Resistance around 480? Seems that we are a bit stagnating again in the last few hours.
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That bottle of champagne wine has been sitting in the fridge for too long, so fuck this I'm gonna open it anyway.
Cheers from some AmeriTrash! Cheers  |
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huge dump on stamp
huge being 100 in half hour? being 500+ in 5 minutes lol aaaaaaannnddd it's gone. Yay! Fuck off you bears! Weeeee!  |
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