what i never get is if the regulation will be differently applied to the special economic zones in china (esp Hongkong & Shanghai as financial centre)? Exchanges are moving out of China but Chinese people and their money is in China... But I guess most of the people/money invested in bitcoin on last rally were rich and as such able to get money out of the country or to travel. Without masses (or wallstreets/US?) next rally to 1000+ is not this close (but fundamentals are really nice lately). Does NOT make much if any sense.. Also, overseas is quite big... so, to where are they moving? |
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Price looks like is not sure where to go  up or down ... I see it is more likely to go up in next 12h I predict +33$ The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip. I have my theory about low volume but for now maybe I will keep it to myself. I am so sure that in next 10h we will see ~+30$ that I can almost bet on it  I know volume is low, but I believe tomorrow it will change because of - this is a weekend before 15th - many members were affected by this date and tomorrow I am pretty sure attention will be huge But - always failure is an option as I might be wrong. I am looking forward for exciting weekend in Bitcoin world  As we haven't seen from a long time. Yeah... seems like possible bitcoin drama in the near future. |
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420 being tested again on Stamp... when will it end?!
I don't think we are in a hurry back to 340$. I really hope we are. A retest of $340 on higher volume and I'm back in 100% crypto. A slow painful grind back to $340 and then I have to wait until we continue to grind down to $267. Yest, that is a question that I am considering too. However, I would think the opposite reaction would be most logical. If price moves down quickly to $340, then you wait for $267 or whatever. If price moves down slowly to $340, then you may consider that a true bottom is met, and you would get into all crypto at that point. So, I appreciate your framing of the possible outcomes, yet I question your characterization about what you would do under either scenario... It is like you know better, but you are providing stupid ass and illogical information.. NOT hating on you, just a little irritated by your message b/c it seems to be giving weird-ass conclusions based on a hypothetical that could really happen. Since, on more than one occasion, you have asserted NOT to be purposefully deceiving anyone, maybe you can clarify what you meant? I closed my margin short@ $350 last night and made some money, but not nearly as much as I would have made had I bought. I'm sitting in 100% crypto and you can't do anything with fiat on an exchange except withdraw it or buy BTC. I WANT to buy BTC @ $350 so does every other well-funded trader who missed the opportunity to sell the bounce. The ones who did sell the bounce made a bundle and want to do it again. This has been a vicious four month bear market and the people who still have fiat have it because we don't part with it easily. The unknown question is how many of us want to buy relative to how many will want to sell when all the candles are red and it looks like $340 is just a pit stop on the road to Hell. I don't want the price to go to $266 even though I'd get a lot more coins because I know also that it would push the next ATH back probably until next year. I'll deal with it if it happens, cuz y'know I would have to, but it wouldn't be much fun. Even the most successful traders do not control the market because they do not control demand. All they do is supply liquidity. The differing ways to get there again will give evidence of how much demand there is. The market could be in a lot worse shape than it is. I'm sure the whales who saw how fast liquidity can dry up last night are swimming a little less deep in the order book now. I don't know how much demand there is for bitcoins, but I have an edge if I focus like a laser on certain signals. Good day traders don't do what is logical. They supply the liquidity to the people who are logical and to everybody else. If the market doesn't retest $340-$350, then I don't think I am in a position to provide much liquidity to the market. I'll prolly just cash out, pay some bills and wait out the next ATH to pull some coins from cold storage and do it again. Stable prices are good if they are stable on high volume, but volume has dried up again, which means the only price discovery tool I have now is patience. What happens on low volume means little. What happens on high volume says more. If you closed most or all your shorts, then congratulations.... there are probably only so many things that a guy can do in terms of buying or gaining a little more during the various bounces. I appreciate your detailed explanation, even though it seems to be a continued attempt to get people to sell or liquidate their btc.... I'm NOT selling, but let others make their own choice. I also don't buy your supposed public service to bitcoin and reduction of volatility, but that is fine if you want to make those kinds of proclamations. Finally, I don't buy that you are doing what you are saying, but NO problem that is your choice. We see this thread for different purposes, and I personally do NOT see it as a mechanism to persuade others what to do.. and you seem to (even though you are ambiguous about your motives in that direction). Anyhow, maybe it is all a matter of degree, and I think that I am going to attempt to refrain from responding to your posts, even though they tend to incite me into responding... I am going to attempt to exercise some self-restraint.. if it is at all possible.  |
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Price looks like is not sure where to go up or down ... I see it is more likely to go up in next 12h I predict +33$ You may be correct that there is some upward movement, but it also seems that there is going to be another test of downward.. maybe we will get down to $400 or so? We may even may get $380... but I am NOT sure if we will get much lower than that... Thereafter, probably we are going to move in the upward direction... I do NOT see the current atmosphere to be sufficiently clarified in order to give us upward momentum.. but maybe by sunday or some time next week the upward momentum may begin to build up sufficiently to take us into the $500s and possibly beyond.. maybe lingering in the upper $500s to lower $600s for a while.. .. I know this gets to be too speculative, if going too far into the future... given that the current FUD has NOT been clearly and unambiguously resolved, yet... and like another poster said, it is unlikely to be clearly and unambiguously resolve in the next week or so. |
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WTF is happening, why are we plunging again?
This isn't a plunge. This is boring. What, you thought the market would just automatically go up forever from the exact moment you bought? Why yes, yes we did  Gonna look forward to taking your coins off of you. The best way to make money is to have money and patience. Day trading isn't luck. It's a job. You are the liquidity provider for the market. You provide dollar liquidity when it's needed and BTC liquidity when it's needed. The way you can tell if you are doing your job well is by selling at a profit. We make a lot of bets and most of them lose. The few that win pay off big. Cutting your losses is an essential part of the job. It will likely cost you a lot of money before you get the hang of it. It's kind of like being a poker pro except you actually provide something to society besides entertainment. I'm still learning. Bitcoin's historical volatility shows that we really need good traders. Good traders help reduce volatility. They eat it. Guys like you just function to pay off the good ones. You don't have to believe in Bitcoin to be a good trader. In fact, it's often a liability. We tend to project our desires onto the market. You need to understand order flows. Maybe I should just leave your comments be? However, you are so inflammatory in your presentation of matters. You proclaim to be learning, but preaching as if you are an expert. You are also in the habit of putting people down and turning matters into a competition... eg. you keep to suggest that you are going to take other people coins or they will get burned.. stupid and unnecessary confrontations.. and for what purpose, self entertainment? Might be the guy with the smallest dick trying to posture?.. Probably, there is NOTHING really to make you act more civil, unless it comes from within you. which seems a long shot.. more of a long shot than bitcoin reaching $1000 by next week. On the other hand, I have observed that every once in a while you contribute some value to the thread, when you get off of your high horse and provide basic facts or comments without the most apparently added fluff and spin. |
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The 'slings and arrows of outrageous fortune' will decide everything for you once you do But if you're new, maybe watch and learn a little. And never go all in, or all out. If you missed buying in last night you do have time to watch a little without missing out on an all time high.
Not much money will be hitting the exchanges this weekend, so (in my worthless opinion) it has as much - if not more - chance of testing 400 as it does of getting anywhere near 500.Things are better than they were even in the past 24 hours - but it will be a wait for choo choo trains and rockets. That said - when it comes, it will have been worth the wait. Isn't it true that it is already very unlikely that much more fiat will be getting into the exchanges... In other words, it is too late, for the most part, to get additional money into the exchanges. So whatever fiat is in the exchanges is in there.... Also, there is No real way to know how much fiat is in the exchanges, and the order books can give some ideas, but really that kind of information is insufficient, if there were big whale money that is NOT on the order books. |
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420 being tested again on Stamp... when will it end?!
I don't think we are in a hurry back to 340$. I really hope we are. A retest of $340 on higher volume and I'm back in 100% crypto. A slow painful grind back to $340 and then I have to wait until we continue to grind down to $267. Yest, that is a question that I am considering too. However, I would think the opposite reaction would be most logical. If price moves down quickly to $340, then you wait for $267 or whatever. If price moves down slowly to $340, then you may consider that a true bottom is met, and you would get into all crypto at that point. So, I appreciate your framing of the possible outcomes, yet I question your characterization about what you would do under either scenario... It is like you know better, but you are providing stupid ass and illogical information.. NOT hating on you, just a little irritated by your message b/c it seems to be giving weird-ass conclusions based on a hypothetical that could really happen. Since, on more than one occasion, you have asserted NOT to be purposefully deceiving anyone, maybe you can clarify what you meant? |
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To Aminorex:
I'm supposed to have you on ignore, but you're posts are in the top 1%.
Question: Why do you hang out with the prols?
How can you tell if someone's posts are in the top 1%? |
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Long term investment is a sensible choice, if the odds are favorable. For company stocks, it is even the "right" strategy.
For company stocks in the U.S. in aggregate buy and hold is suicidal over the next 10 years while the demographic curve forces distribution. This summer will be the first glimpse of reality peeping into the fed-induced bubble of unreality we have enjoyed for 5 years, but just a foreshadowing really. Seems like the democrats are going to want to prop up the economic system, at least until after the November 2014 elections, no? Can kicking only works until you run out of road, no matter how good you are at it. I expect a patch of cow trail coming up. My reasons are idiosyncratic, and most will not share them. They are also complex and ill-suited to a forum post. I apologize for providing such low-information content. The demographic curve and its correlation to p/e ratios is however both informative and easy to provenance. You may be correct to the extent that you are suggesting that they cannot drag out until November, b/c depending upon your vehicle, it is still possible to make decent progress on a cow trail. Surely, there are a lot of balls in the air, and we are NOT always able to foresee various tricks up the sleeves. Many mixed metaphors, here... sorry about that. |
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I've been buying all along, and my latest buying point was around $390. I did NOT go all in at that point b/c I was anticipating that we would get another price drop on saturday or at least sometime between then and early sunday.. then, thereafter, the BTC prices would be heading upwards.
However, if we are heading upwards today, or this is a prolonged upward bull trap, then the saturday price drop may only bring us back to today's prices. It is so difficult to predict exactly if NOW is a good time to buy, or to wait a little. It is possible that we will NOT see below $400 anymore?
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Long term investment is a sensible choice, if the odds are favorable. For company stocks, it is even the "right" strategy.
For company stocks in the U.S. in aggregate buy and hold is suicidal over the next 10 years while the demographic curve forces distribution. This summer will be the first glimpse of reality peeping into the fed-induced bubble of unreality we have enjoyed for 5 years, but just a foreshadowing really. Seems like the democrats are going to want to prop up the economic system, at least until after the November 2014 elections, no? |
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Banking will Continue via Mobile Phones Massive Pump incoming I'm thinking we are going to get one more down before going up, but I am NOT so confident as to short anymore than minimum amounts of BTC maybe less than 1BTC (but I am only dealing with a small package of BTC anyhow compared to some of these cats, here). In that regard, I plan to buy a little more (maybe 2-3 BTC) if we get down to $370-ish and if the price drop happens while I'm awake. I am trying NOT to lose anymore sleep over these price swings. Further, I am thinking the window for such a price drop is anytime between now and early Sunday.. then starting mid-to -late Sunday prices will be more likely to be going up... That's my current thinking, but I am still open to consider other possibilities. |
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So the reason we went down 100's was fear of a potential China ban. Today we learn that China won't ban Bitcoin. What does everybody do? They sell.
Well done traders and sheep. Well done for being complete idiots.
Do you shout at clouds too? he either barks or tweets at them.. b/c he is a dog bird |
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There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.
Easy to call him out by pointing to his original posts on the mirror site. We should NOT be able to edit or delete our posts after a certain period of time. That is just screwed up. just so that some dickriders can brag about how good they are speculating? lol, cmon man The reason is b/c People should post whatever they are going to post and then it is permanent... part of the public thread. sure it can be used to prove what you said or did not say... but so what. We should all be careful about what we say anyhow in public threads.. to attempt to get our posts accurate.. etc etc.. . |
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There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong.
Easy to call him out by pointing to his original posts on the mirror site. We should NOT be able to edit or delete our posts after a certain period of time. That is just screwed up. |
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He's not annoying to me, but he does seem kinda full if it, considering he was calling bottom like $100-$150 ago.
It's annoying when you ask him to tone the arrogance down and he misrepresents you and then attempts to coerce you. Yeah I believe the post was edited before I saw it because I'm not sure what you're referencing with the misrepresentation thing. There are plenty of people who pull the same nonsense. If you keep calling the bottom/top all the way down/up, you're eventually going to be right, and then you can brag about it while editing posts in which you were wrong. Your best bet in my opinion is not to waste your time crusading against it, because it won't work, and because the only people suckered in are the ones who don't care to spend the time to educate themselves on how to do the analysis on their own. That being said, I don't tell people what to do with their lives, so if you wish to continue arguing with people like that, you don't need my permission. You guys are kinda crushing him, and it is pretty entertaining, so if it floats your boat, do your thing. I would think that Chestnut becomes annoying only in the sense that he is having troubles knowing how to effectively respond to personal attacks from a few of you posters, who are tricky and he is having trouble reacting so he employs some of the same less than honest spin techniques to exaggerate points. I am NOT annoyed by it, but I do get a sense that Chestnut is outgunned by some tricky bullies. I personally, attempt NOT to sink to the low levels to get back at you guys, but he seems to think that may be an effective technique. Also @ Creekbore: I think that speculation is fair in this thread.. this thread is in the speculation subsection of the forum... I agree that sometimes too much speculation can be annoying especially when it seems to shift too frequently, but a lot of us are guilty of the same thing.. shifting speculations based on new facts and reassessments of the situation in front of us. |
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just got home from work..... nice!! what a rally!!
Uptrends automatically makes every day a good day So the Australian limitations do NOT seem to play into keeping this down, necessarily. That news is still a little vague too..... but at least seems more clear than any news that comes out of china. |
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at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.
Few minutes? If he does not buy back ASAP he could feel stupid for a lifetime! Doubt it. Final bottoms don't get such weak bounces. I know that we are all speculating here... but When do you think the $340 will be retested? in the next several hours? or over the weekend or sometime later? It seems if they are going to retest, it is better to do it while there is some momentum.. sooner rather than later. Not necessarily immediately but it might happen, it's been long downtrend and with China stuff neverending story you never know when it will hit again. I don't have idea really, just doesn't look as proper bounce from final bottom and I am playing it safe this time even if it means buying higher. I was thinking that we were going to get some downward pressures over the weekend.. but you never know if we shoot back up to mid $400s, we may float there for a while. |
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...patronizing statements ...
pots and kettles that's racist he he he .. o.k now I get it.... Nanobrain likes to speak vaguely and with out specifics... so I will await for him to provide specifics before exploring this topic further. |
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at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.
Few minutes? If he does not buy back ASAP he could feel stupid for a lifetime! That is assuming that these guys are dumping to make money in the short-term. Some of these dumps are probably NOT directly profitable... and those costs of unprofitable dumps may likely be built in.. to get bigger rewards in other ways and on other days. @BitChick, agreed. I have no idea what JJG is talking about but if we could power BTC on hot air we'd be laughing  O.k. If you do not understand, that's fine. You don't really seem to want to get into any substantive discussions of anything anyhow.. You seem to just want to throw out random comments, insults or to purposefully speak vaguely. I prefer NOT to have those kinds of non-grounded conversations anyhow. |
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