Bears, I am disappoint +1!! I think those were last cheap coins... Tomorow btc china will be full of fiat again. Edit. Now we sow how much money is on stamp account... Was lots of selling in last 24h and the price moved +/-10$ Can you explain why suddenly everyone would be rushing tons of fiat into btcchina, after everything that has happened, just because Lee made a personal decision to enable a deposit method? Keep in mind also that Chinese have had access via Huobi this whole time. Traders are also likely to stay at or deposit money to Huobi since that is where the volume is now and liquidity attracts liquidity. Well if you ask me, something should happen My bet is this is almost as uneventful as "January 31st" as most chinese btc investors who are still willing to play the game have moved on to Huobi and dont care about btcchina.
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Bears, I am disappoint +1!! I think those were last cheap coins... Tomorow btc china will be full of fiat again. Edit. Now we sow how much money is on stamp account... Was lots of selling in last 24h and the price moved +/-10$ Can you explain why suddenly everyone would be rushing tons of fiat into btcchina, after everything that has happened, just because Lee made a personal decision to enable a deposit method? Keep in mind also that Chinese have had access via Huobi this whole time. Traders are also likely to stay at or deposit money to Huobi since that is where the volume is now and liquidity attracts liquidity.
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Bears, I am disappoint Attack of pandabears again.
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This is one of those times when it pays to be a trader on mtgox...
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I think gox got dumped due to weekly MACD downcross. Now that neither fiat nor btc can exit, it's just bots setting the price by playing technicals.
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Don't agree. My pet theory is that we had the first two bubbles which were bubbles, and this last so-called-bubble wasn't a bubble or a crash. I think of it more of a popularity boom, with big thanks to China.
If you read up about bubbles, then a "popularity boom" is exactly one of the conditions to be satisfied to create a bubble.
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drop without FUD = real drop.
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Never invest more than you can afford to lose and are ready to lose 100% of. That means certainly don't invest "everything you have", at ANY price.
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I'm a bear and I think 250 is ridiculous. Good luck getting anywhere near 300 with an angry sea of bear fiat and instutional investors waiting around the previous bottom. You'll have to get past rpetilia and probably loaded , second market, fortress, and all these new funds (and me).
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Oh god and then yet another sharp recovery to 820 to piss off bears again for another week. 800 4 lyfe yo.
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Agreed. As this is the speculation forum, I am referring to prices.
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Bitstamp has the best liquidity of all exchanges. Its where most people actually enter and exit the ecosystem. If you have or want cash in a bank account its most likely going to be based on that price. Bitstamp is also a very important hub for nearly all of bitcoin's commercial integration and services. The trendy thing to do right now is to integrate your service with bit stamp to perform all btc to fiat conversions.
By the same note I also consider bitstamp to be btcs single point of failure (centralization). Any FUD involving bitstamp would be really bad - much worse than even huobi/china. This is probably not how satoshi envisioned bitcoin working.
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So... at the present time, is there ANY market that can be regarded as a credible source for the market price of Bitcoins, free of price manipulation by bots, falsified trading figures, or failure to honor transactions by actually paying the customer?
What IS the real price of Bitcoin nowadays?
The real price is the price that whales are trading 20,000coins at off exchange in private. If you have to use an exchange then it is bitstamp.
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The problem with analyzing bitcoin history is it was all driven by mtgox and its bots. Now the movements are much harder to predict.
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I gander its a combination of both. No way to tell how much. But keep in mind that the Chinese have always had access via huobi so BTCChina is not groundbreaking news.
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There was a long period of stability around 125 before it finally gave way and dropped to 66. Then there was some stability around 135 before but breaking out. But none of the above were as long as this 800 stability.
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China has a craze for gambling and alt currencies in general - it is a trillion dollar market there. They were never really big techie bit coin geek bulls. When the slightest hint of trouble occurred they moved onto the next thing and forgot all about bitcoin. Probably back to BANs (bank notes).
Easy come easy go.
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Zomg stable prices it must be a conspiracy. It can't be supply and demand. The whales are out to steal my day trading profits. They hate me.
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