ref: rpietila / others who 'knew'
Did they just have 'better' information than us in terms of an early 'nod' on the news?
Maybe this has been raised in the last few pages - I confess I haven't got time to look back - but is it not possible someone knew someone, who knew what was about to happen?
To accurately say 'it will go down to 500' is pretty good.
Was it a timed assault of a wave of selling and the timing was lucky - or was it timed FOR the news once it was obvious it was coming (if you had the right information).
Questions, questions.....
really ?!! now you are at the denial stage ? I clearly told you the price was about to drop, but you all told me that I am a retard for selling at 850 remember ? well I bought some at 700-650-540, most epic trade I ever did. 30% regain  I know you were right - and I didn't believe you were at the time... I just think it was a planned action before the china news - rpietila was so sure of 500 imminently and I don't see how anyone can be that sure of a price in Bitcoin. In that respect - I am in denial - yep! |
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ref: rpietila / others who 'knew'
Did they just have 'better' information than us in terms of an early 'nod' on the news?
Maybe this has been raised in the last few pages - I confess I haven't got time to look back - but is it not possible someone knew someone, who knew what was about to happen?
To accurately say 'it will go down to 500' is pretty good.
Was it a timed assault of a wave of selling and the timing was lucky - or was it timed FOR the news once it was obvious it was coming (if you had the right information).
Questions, questions.....
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Stop buying guys!!! More proof of imminent bitcoin shutdown here. Headline Translation: China announces imminent shutdown of bitcoin network with codes taken from detained Satoshi Nakamoto. Declares bitcoin global economic virus. you seriously need to stop, news don't know about ignore. On other notes. I thought 1k was June 2014 territory Bitcoin is a honey badger. What? I don't understand? Can you read Chinese? If not, they why don't you believe me!!! Just look at those websites for proof (if you don't read Chinese). You had them there - it's about a banker going insolvent - with a rather shady lifetsyle - they're banging him up. No mention of Bitcoin at all. But I think you are making a fair point - it's just that ignorance and fear mean even something like this wind-up can strike terror into weakened hearts. Please don't - this will be all over the net as the next rumour! |
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http://china.dwnews.com/news/2013-12-16/59357811.htmlO M G ! ! ! TL;DR Translation: Satoshi Nakamoto located and apprehended by Chinese government. Was carrying emergency bitcoin shutoff code. Chinese government plans to use code to shutdown bitcoin network. Satoshi charged with criminal economic disruption. Coindesk is getting ready to publish an article corroborating this news from internal sources. This is the end guys. THATS BAD NEWS!!! SHIT!!! If you don't read Chinese, click the link. You'll see some Chinese writing. Also, I mentioned "sources". This is undeniable. Tell your friends. Sell your bitcoins. It's a wind up - not about that at all: multidimensional Luliang, Shanxi coal bosses richest man is Libin had "70 million daughters married," a sensation, but recently, he was broke liabilities of 20 billion Libin brink of bankruptcy, its legendary bubble finally burst. |
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Did litecoin turn first there?? Had the chart on by mistake and I'd swear it turned first, litecoin's driving the price!
I did hear something about turning BTC into LTC in China - but it was in the troll box of BTC-e We shall see - maybe Bitcoin getting a kicking they all thought 'They didn't mention LTC....' That would hilarious, and ironic. |
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predictions for when china wakes up?
Maybe they are starting to now - let's see if 4000 holds? |
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Here comes round 2 - glad I am have play money in fiat  |
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Why do you guys so vehemently commit to buy and hold, only to blow it when it's at the very bottom and sell?
If you committed to buy and hold on the way up, what it SHOULD mean is that you have already psychologically braced yourself for any sort of drop like this. You've probably decided you're not good at day-trading, so you hold. The problem is it's very easy to commit to buy and hold when it's going to da moon, but will you maintain that sort of mentality when it is dropping like a stone? If you cannot do so, you should probably have cashed out enough while it was going up so that a drop wouldn't crush you. You know it will go down eventually, whether it be in a bear trap or a crash, so if you really want to stay in bitcoins, just save the proceeds from your bitcoins until it goes down, then buy some more.
I hold 90% in cold storage, leaving 10% to play with I only play with 20% - but it still hurts if I get it wrong! Amount of fiat in that 20% varies - right now that is probably a good idea, but I will not have 'made money' on this dip unless it's not over. I am waiting to see what happens. |
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Well I thought I was playing a great game - sold a few at just under 900 - bought back at around 812.
I was convinced 800 would not be breached.
Then I watched it come way down and held on.
Then got edgy and sold some on this bounce back at under 750 - assuming it was not over yet.
So.... so far I am in fiat - missing out, perhaps.....
We shall see - but I am not at all sure I have 'made coins' yet, I will freely admit.
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This forum really need to be called: Manipulation for Noobs 101. Anyone who makes any judgment based of anything said here is making huge mistakes All noobs, here is how you get rich. take every paycheck and fiat you can get your hands on and buy Bitcoins. what price, any price. As long as you keep buying through out the new year. You will make money. Hands down. The key is to never panic sell. Anyone who thinks BTC wont be worth over $1200 in December or 2014 is hands down re tarted!
I see what you did there I could do with being re-tarted, I need a new one! |
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Well I am all back in now - my fate will be decided - my last buy was set at just over 800.
Hope I was right and called the bottom.
If it's not done yet, there will be tears - off to buy some alts on BTC-e now am thinking this is time for bounce-back if the yanks don't believe the price.
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Stamp already below 800
Not surprised - it's usually 10% below. Gox won't go that low in a hurry. |
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well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
You do realise how illogical this is? maybe for you yes, but waiting for a recover is making me more nervous, now I feel a bit relief, but you do whatever you want, you do not have to agree on anything I say.... It's your money you will need a horrible drop before you can trade profitably to gain any worthwhile amount of coins. Personally I feel - if you have not already sold, you are likely to be too late to benefit. I am just waiting to buy my last couple of coins back and I will will be all in again - it will take a lot more than this to see us below 800 today. If I am wrong and you are right - I am apologising in advance - but this 'news' is only 'rumour' right now. |
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well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
You do realise how illogical this is? |
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I suspect this is China going after arbers, the regulations looked like a tool against dirty dealings in the financial sector than against bitcoin and they're just as applicable to foreign banks/financial institutions as native ones. A manipulator cull would be nice Have you seen the regulations? Or an accurate translation of them? I'm no fan of currency manipulators but it sounds like wishful thinking. There's some fairly good and unbiased translations in a few threads here but they're hard to find amidst the trolling. The bitcoin foundation's lawyers had a good look at them, quick quote from a summary: What the memo actually restricts is “Insurance companies and Banks from insuring, investing or trading” in Bitcoin. Additionally the memo is directing any “Exchanges” to register and follow the money laundering and identification guidelines. Not got exact clarification on it but there's nothing in it restricting it to Chinese institutions so if any bank etc. trades on Chinese exchanges it looks like they're breaking the law. As always 'buy the rumour, sell the news' I think I have it the right way around now |
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I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks? big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip +1 Sanity from Gandhibit |
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If this news was a trick/fud, price should have rebounded already. Now im starting to worry as i bought a bit of the dips  The old adage is 'sell the rumour, buy the news' What you suggest (according to the adage) would not be too wise. However, this is Bitcoin - it's your decision. Personally I have a little fiat with bids on just in case - but I think this will settle - I just don't think it's a crash. |
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What are you guys smoking? If this is true it's absolutely awful. Where were we before China came in? $150?
But China is not 'leaving'... |
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How did the gox banking/withdrawal problem effect prices? Wasn't around so i am kind of clueless  It was mixed - the actual effect was actually that you needed to spend the cash caught in there to get coins out. Bizarrely, not getting your cash out means you are forced to buy, or be left with cash you cannot quickly get out. |
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Even if China says 'take money out of exchanges by Spring'.
The result may be the opposite - if they don't want to declare the cash, they will need to buy coins to put get funds OUT from China.
Why are the Chinese in BTC anyway? Isn't it to get out of Chinese currency (to a certain extent).
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