This whole story from 150 to 1200 then back to who knows what... it's all gotta be fake...
Financial institutions played us and this is how they got into Bitcoin. Huge orchestrated pump and dump, using China and misinformation.
There was no China boom. There are no chinese buying btc pizza. There are no chinese crashing the market.
I bet it was all western USD in disguise..
Could be; we will know after 4-5 years maybe...
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China runs out of coins...? Volume is significantly lower the last 15 mins.
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Perfect bottom...
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Ask yourself one question. What do you think people on the East Coast of US will do when they wake up? Say WOW those are cheap coins. Or, panic in the streets?
There won't be any cheap coins left by then; tough luck I'm afraid...
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I wish it was a simple crash though, those are not making people to scream "Bitcoin is dead" like it is now the case.
Why? The crashes that make people scream "Bitcoin is dead" are the best crashes. More people screams "Bitcoin is dead", the bigger is the buying opportunity. I hope the US follows China and "ban" bitcoin soon. I'm one of those who thinks that its pretty much unavoidable at some point, and in fact I'm surprised that it hasn't happened yet. This game is played in the long run. Anxious to be a multi-millionaire? Then probably you will sell too soon. Ask yourself if you are into this only for the fiat profits - if the answer is yes probably you are into a game that is too risky. If the answer is no, the ban on Bitcoin is just a step needed for it to demonstrate that it is really the resilient, de-centralized currency that will change the world. If you have been in the game for a few months, I hope you already secured some profits by selling a few coins at a rationally-decided target. If you just entered the game, just hold - we will see where we are in a couple of years. Grabbing popcorn. Sending fiat to exchanges. Enjoy, gents. Well, I wouldn't like US to ban Bitcoin tbh. I'm too old to think about changing the world tbh, that's like 15 years ago, I'm here about making the money and that would be shit. I'm "too old" for many things, but not for wishing the world to change: I have kids, and I'd prefer them to live in a better world. A lot of people seem to forget that BTC was designed by Satoshi Nakomato to disrupt factual powers and to challenge the people that actually rule the world - the bankers. He knew that the probability of BTC being banned/attacked was HUGE, and that's why he took so many precautions to remain anonymous. A lot of wanna-be traders seem to forget that and just get excited with their unrealized fiat profits while they day-dream about the Ferrari they will buy next year. Probably Satoshi is laughing at that, while is without any doubt a good thing for BTC viral adoption - there's no better fuel than greed to move human beings. Of course if BTC finally succeeds there is also a substantial economic reward by being an "early adopter". But this is a dangerous game. If you are not prepared to see BTC banned, BTC holders prosecuted, and/or BTC eventually going to 0 then you don't really understand what BTC is and you probably made a huge mistake investing your time and money in it. +1
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And, now that Risto's here again...
UP WE GO!!!!
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I don't think it will go much lower anymore in the short term. Even if they sell it to zero in China does not mean that the west would not have competition on who would get the cheap coins. Short term we are very oversold and it is only a liquidity/waking hours issue to go back up. The fact that there is a huge arbitrage coin influx from China dampens it a "little bit", though, but this is already in prices in the west. The exponential trend (now at $437) was touched, which means that longer term bitcoin is no more overvalued. I regard this as a good entry point and have bought thousands of bitcoins yesterday and today, closing all speculative short positions at a nice profit and gone speculative long with funds I need in 1-2 months. My last bid in Bidstamp is sitting at 421.42, please somebody sell into it! THERE HE IS!!!!WELCOME BAAAAAAAACK!!!!!!
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Things look similar to April.
On 12 Apr 12pm (UTC, same below), it made the first low at $54.25 (gox), or 1.70x of the last ATH of $32
Then on 16 Apr (Tuesday) 7am, it made a lower low at $50.01, or 1.56x of the last ATH, or 0.92x of the previous low. This is also the all time low so far.
On 7 Dec 7am, it made the first low at $542.38 (bitstamp), or 2.04x of the last ATH of $266
Then today, on 18 Dec (Wednesday) 8am, it made a lower low at $473.01, 1.78x of the last ATH, or 0.87x of the previous low
Do the underlined figures look very similar?
For those who stayed here long enough should remember what happened after the $50.01 low. If the history will repeat, US people will decide to buy when they wake up.
Now wouldn't it be funny? *Excellent observation... My compliments
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There WAS inside info for the fall. Risto has mentioned it here; but nobody listens to him... BTW: WTF is he? Still buying cheap coins?
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Yeah baby! Risto is baaaack!!!!
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Good morning guys, what the hell is happening, I don't want to read all 20 pages !!!!!!
Risto just missed his opportunity to kick in the forum again - $500 target not fetched.
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Almost the same spike downwards 10 days ago... hmmm.....
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$593 now on Stamp.
Even the full weight of the Chinese dragon could not save Risto.
LOL!
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Double bottom on $576? You must be kidding me...
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I need to go to sleep..
Should I go full fiat tonight?
I've never done that. It scares the shit outta me...
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Fear not. Pietila is selling so the price falls to 500 and that he can come back and write to the forum!!!
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Double bottom on $720 at Gox... It's rising...
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somtimes i just want to dump all my money into BTC and run away from my problems BUY BUY BUY! Been there, done that!
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