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Hello whales. I see have not even begun trading yet this past month (not on exchanges at least) because this is all a manipulated house of cards with no real support. At what point are you going to make the first 50k btc dump?
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China is not out, it is still leading.
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The longer the Bitcoin community in America, Europe, etc. keeps their eyes glued on China the more drawn out the situation will be. The situation is very different in China and it is ridiculous to maintain this "China leads" attitude. Up until October this year it was not "China leads" but "China follows", and people should revert to this attitude (non-chauvinistic, just common sense relating to Bitcoin) straight away. Be brave for crying out loud and stand on your own two patriotic feet! (Ahem) Was this what Bitcoin was meant to be about? China?
There are already the first signs that we are becoming resistant the China effect - nourish these shoots of hope and dash the FUD on the rocks, people!
Think about Facebook: just because it's banned in China should we all close our Facebook accounts? (Erm... maybe that wasn't the best example)
But seriously, get back to thinking about how amazingly far Bitcoin has come - no one thought it possible - and how far it still has to go in so many places all over the world.
Thank you... Thank you...
The longer the Bitcoin community in America, Europe, etc. keeps their eyes glued on China the more drawn out the situation will be. The situation is very different in China and it is ridiculous to maintain this "China leads" attitude. Up until October this year it was not "China leads" but "China follows", and people should revert to this attitude (non-chauvinistic, just common sense relating to Bitcoin) straight away. Be brave for crying out loud and stand on your own two patriotic feet! (Ahem) Was this what Bitcoin was meant to be about? China?
There are already the first signs that we are becoming resistant the China effect - nourish these shoots of hope and dash the FUD on the rocks, people!
Think about Facebook: just because it's banned in China should we all close our Facebook accounts? (Erm... maybe that wasn't the best example)
But seriously, get back to thinking about how amazingly far Bitcoin has come - no one thought it possible - and how far it still has to go in so many places all over the world.
Thank you... Thank you...
I agree let's go back to "china follows". Well wipe the slate clean starring with another crash into the $400s and see where that leads. |
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I think every bullish analysis here needs to include some disclaimer like "if the huobi manipulation doesn't fall apart"
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The problem with most of Bitcoin investors is that they are always late to the party and don't have the balls to be able to invest in anything as volatile as Bitcoin.
How many of you people who have been waiting for cheap coins actually bought in when they were sub $500 when I was telling everyone that $400 was the LOW? Only the smart ones. The smart ones see the market and have the balls to buy in and have the balls to keep holding whilst the market dips and jumps.
If you keep waiting for a price drop you will always be waiting because it won't ever drop low enough for your stupid mind to trigger a buy.
At some point you have to make a choice, do you believe in Bitcoin long terms? If so, then buy and hold on for dear life.
I bought at $120. Sold at $390 and rebought at $280. Sold at $800 and rebought at $500. Sold at $1150 and rebought $950. Sold at $1150 rebought $600. Sould at $1000 rebought $500. Sold (most) at $800. I am once again sold because the current chart/volume is incredibly weak, manipulated, and China driven. I am waiting to see real volume, and support, preferably without China involved at all. |
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That's the first time I have ever heard someone say that they may have made a mistake while they're sitting on a 40+ dollar per bitcoin profit. If you get nervous this easily even though you're in profit land I wonder how you'd feel when your long or short position is sitting in the red? Are you sure trading is something for you?  No, I'm not nervous about my position. I'm OK with small gains/losses. I'm nervous about the 'feeling', something just doesn't seem right. I had a similar feeling after the ATH when we fell back to the 1k level. As long as I have XBT I'm all right. It's our beary-sense, like spidey-sense. |
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The bots on the bid were putting on some christmas lightshow (until they got filled).
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aaand... back to your regularly scheduled stagnant market observation.  Let me know if there are any walls. |
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What's going on right now is low volume and heavy manipulation.
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Wow. I have never been drunk and I can't even begin to do the math that some of you can do in a slightly drunken state. Impressive  Never? Wow .. BitChicksHusband, get on that! The math or the drinking? He is great at math! But he is not a drinker either.  One cannot be great at math and NOT being a drinker... I was a math/physics prodigy until I started drinking. Now all I can do is draw squiggly lines on charts and say dx/dt = to-da-moon and 1{n (y) = crash. |
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Wow look at this sudden massive flow of delusional bulls that partied too much over the holidays or something. All the sudden due to a couple buys on gox on a low volume day and some squiggly lines we are ARE BACK IN THE BULL MARKET GOING TO DA MOON NEXT STOP 10000 LOLZ.
Really? Do you not remember this exact same fake breakout in May? Like I said this weak rally is going to probably $900 maybe a bit higher before reversing into final capitulation to $500.
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My transaction histories are way too scattered with the hundreds of tiny orders I executed against to post something like this.
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If you're going to use moving averages, that's fine, just stick to long term trading (1d or longer) and stick to your strategy.
If you look at spring/summer 2013, the 1D MA alone was not a very good indicator for entries and exits. |
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I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.
Also, China.
China what? It's getting a bit daft when people say the word "China" without even trying to explain what they are talking about. You could say for example "The news is that China will ban Bitcoin by the end of January" or "We have been reliably informed that Chinese whales are going to dump Bitcoins on America" (both questionable propositions), but just saying "China!" is like saying "The bogeyman's coming!" China (huobi) leading the price movements is not a good indicator. Either it could be fake, or it could be real and then the chinese government can shut it down. Neither would be good news. I would have much preferred to see a recovery without China. Yeah and I would have much preferred a recovery back in June/July without MtGox and its withdrawal problems, but ironically it was exactly that which gave the market the momentum it needed to get out of the bear market after April. We just have to deal with these things, and at some point China will become irrelevant like the MtGox problems became irrelevant. We'll it's not a definite fact that mtgox's withdrawal problems were really what was driving the market in June. That may have just been a convenient conspiracy theory to serve as a cover up while what was really driving the price was bulls accumulating coins and deals being struck with offline investors like SecondMarket etc. Also, the China situation is not the same as the Mtgox situation. It is not simply a fiat withdrawal problem, but also a fiat deposit problem, and eventually a btc deposit/withdraw problem and a trading problem. It is a problem with their government. If their government acts again, it is likely to cause another panic. |
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Who's panic buying on stamp? It was acutally a 1000BTC buy order on Bitfinex - I saw it on the order book 1000BTC @ 720. Half of it got filled on Bitfinex. I have no idea how that works, got to look into that i guess. Bitfinex is a margin brokerage/exchange which has millions of dollars of usd on reserve with Bitstamp so Bitfinex can execute orders on Bitstamp on behalf of Bitfinex users. Bitfinex also has it's own internal order book which doesn't rely on Bitstamp. As a Bitfinex user you can see both order books combined and choose to fill your order on either Bitfinex, Bitstamp, or both. It used to have gox too. Pretty neat. |
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Who's panic buying on stamp? It was acutally a 1000BTC buy order on Bitfinex - I saw it on the order book 1000BTC @ 720. Half of it got filled on Bitfinex. |
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I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation.
Also, China.
China what? It's getting a bit daft when people say the word "China" without even trying to explain what they are talking about. You could say for example "The news is that China will ban Bitcoin by the end of January" or "We have been reliably informed that Chinese whales are going to dump Bitcoins on America" (both questionable propositions), but just saying "China!" is like saying "The bogeyman's coming!" China (huobi) leading the price movements is not a good indicator. Either it could be fake, or it could be real and then the chinese government can shut it down. Neither would be good news. I would have much preferred to see a recovery without China. |
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Stamp is the real market leader, even though it doesn't lead the movements immediatelty in real time, it is the fiat entry/exit portal which eventually controls where the price balances itself at.
-Gox: Does not have liquidity, is pretty much a closed system, and is mostly bots.
-China: Is becoming irrelevant and is probably entirely fake right now.
-Btce: Is mostly bots, traders, and trolls and has liquidity issues also.
-STAMP: Is where all the fiat enters and exits.
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good morning, I was reading the last few pages, I've got the impression that something was happening last night, I went to check the price chart and cant see any major drop !!!
so are bears still talking about a dream or there is an actual fact will be leading the drop ? the price seems to me somehow stable....
for the long term holders, I honestly don't think that the price will go 100x like it went this year, but 2-5x seems reasonable and achievable to me...
I think it's that creepy low volume weak/flat trend after the dust settles from a boom/bust, which leads into a final capitulation. Also, China. |
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