What? I can't understand what your'e doing overlaying stamp on gox and then using gox's line to stay that the wedge on stamp isn't broken, but here is stamp...  |
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$820 today. $820 tomorrow. $820 April 2014. $820 July 2014. $820 Jan 2015.
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[...]
I think we agree then =) but you may have missed a bit of the conversation in various oter posts.
Good point. One thing though: people really need to start paying less attention to mtgox. Definitely not looking at it in isolation. It'll cost you money if you (not "you" personally, I mean) still think mtgox is the market leader in any meaningful sense. Well it's the same wedge break on all exchanges but gox's order book looks the most lopsided and ready to explode. Bitstamp's order book looks more balanced, and btce+huobi don't publish their whole order book. |
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you silly boy. not only do you gamble your money, now you gamble your ego.
read his previous post at me.....then u may understand where I am coming from... ....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong. The Bitcoin nutter is a simple creature and not hard to outwit. really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way. margin calls pay my bills. Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement. there is no limit to how much you can lose when you are shorting the market, and just ask matt when he plans to get out if the market goes up. I dont see a down trend, I see a large correction come and gone. the downtrend was over when price broke $1000 last time, and $1000 is in reach regardless of trend. I don't see a downtrend either, but neither do I see (or anyone who isn't delusional) an uptrend. Consolidation, with an unclear destination. That was my point though: I don't see a problem with betting on the market moving sideways to downwards. I *do* see a problem with risk management when shorting this market for any amount of time longer than a few hours to a day during a clear major corrective move. I wouldn't call the bulls delusional per se, it's just the gox chart looks deceptively moonish. I think many of the bulls are thinking something like this:  |
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Seems like Dogecoin has just surpassed bitcoin in volume. Crazy times huh.
Litecoin constantly beats Bitcoin in volume (by a lot). View volume in the amount of value exchanged (typically measured in dollars) and you will get a much different picture. As assets go up in value, the volume measured in the amount of the asset exchanged typically goes down, but the volume measured in value exchanged goes up (or stays the same). In other words, 1000 bitcoins exchanged at a price of $1 each is the same value exchanged as 1 bitcoin at a price of $1000 each. See google:  As the value of the asset increases, the volume (measured in the amount of the asset exchanged) drops. We no longer need to trade thousands of Bitcoins to equal a significant amount of value exchanged. TL;DR: There is nothing crazy about an asset with low value seeing huge volumes compared to an asset with high value, as long as you are measuring volume in the amount of the asset exchanged. I don't think it has anything to do with fiat 'value exchanged'. What it has to do with there being more large off-exchange transactions and there being more committed long term holders hoarding away large chunks of the asset for years so there is less of it available on the market for trade. In the case of bitcoin you also have the issue of coins getting lost. |
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Before China, there was Japan.
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This subforum is literally BRIMMING with bear threads. Here's what's on the first page: BTC Beginning of the End ! (igorr) 2014 could be a slow year for bitcoin (wobber) SHOTRING BITCOIN: This is a good idea right now (proudhon) Worst Case Scenario: Price predictions? (Opsamk) bearish sentiment in a possible third wave (chessnut) Do we know why the price is dropping? (Remember remember...) Confirmed bad news sources thread - No FUD, just facts!!!1 (proudhon) Another BEARS ONLY discussion. When will bitcoin finally drop and how far? (Edward50) The age of KARHU begins....seek ye refuge in alms to the KARHU! (KARHU) Time to dump BTC now I say (DustyRah) So with this kind of speculation subforum sentiment, why are we still more or less in the same place we've BEEN...  Are the bears WRONG? ?  There are more bull titles than bear titles so this is all irrelevant. |
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Ahh, found one of them - but this one I was looking for was annotated with actual prices and stuff. I'll keep trawling the pages for a while Here is an obscenely bullish desktop wallpaper (for usage as pr0n substitute), concentrating at this multiple times a day for 2 minutes each time will release endorphins and convert every bear into a bull after long enough exposure. I have made it 1024*768 for old laptops, I can make higher resolutions too.  This chart actually makes me bearish. |
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CHOO CHOO BABY  bitcoin Choo Choo's on porn.com news
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Would you say that this is about the porn news?
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Hereis how I'm reading this:  Before the top broke, the bottom (pink) broke, and now we're just kind of trading on a no man's land. |
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back to 1k again? Probably not all in one panic attack. There should at least be another downwave which has a higher lower than the last one. |
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Whats with that giant candle at huobi?
the end of the bear trap and the beginning of paradigm shift, target 10K The paradigm shift led by China? |
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Whats with that giant candle at huobi?
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For those interested, you can vote to have doge banned https://www.change.org/petitions/united-states-congress-make-the-doge-meme-illegal-in-all-formsFor those not that interested. Can someone explain me how is it possible that such a ridiculous concept has a bigger number of network transactions that bitcoin itself? http://bitinfocharts.com/comparison/transactions-btc-doge.htmlOr that the Google trends for dogecoin is ridiculously high for its age http://www.google.com/trends/explore#q=bitcoin%2C%20dogecoin&cmpt=qIs this some kind of viral effect that is going to be crazyness all around? Maybe we bitcoiners are too brainiacs (wow too much geek) and the doge movement is just normal people that don't give a shit about the idea behind crypto but just want to join it tipping money to their friends (and internet money related things) and choose doge as a satirical form? Or can someone explain how on reddit.com /r/dogecoin has 802 talking right now and /r/bitcoin has 586 at the very same moment. Is normal that "things" have a hardcore version and a normal public version. Is/will be dogecoin the normal public viral version of bitcoin? Any ideas? I think doge may have been launched as a sort of proof-of-concept into exactly how far something can go and how far a price can increase based on popularity alone, and is meant to debase and demonstrate that other altcoins or even bitcoin are driven by raw popularity and not by their features. |
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A couple weeks ago all the indicators on the daily chart were still up and there was still a clear trendline intact which led to a triangle breakout.
I think it was 31 December. I don't know if that was when you were on holiday, remember? No-one would call it either way. That was clear. I think the majority had no confidence in the trend. Yes but at least a trend was there. Today we are hoping for this miracle recovery after the trend was just recently broken and daily MACD is down. |
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