Any CCMF left for a rally?  |
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When capitulation does happen we will bounce back, people lose faith in other bubbles like tulips because they are not backed by fundamentals when things look most bearish.
Something with great fundamentals like Bitcoin or BitTorrent (if it had a value) do bubble from runaway optimism/profits but they will be backed in the end by the usability. Until that stops Bitcoin will be bullish.
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So are we going to see a triple top and triple bull trap if there should be another huge rallye anywhere in the future?
>bulltraps >on MY bitcoin ishygddt |
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So Wednesday is the new Saturday?
Looks like it. Does anyone know how the Chinese banks work daily? That might play a role if the Huobi volume is credible. |
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"FUD Observer - Doge meme tracking & flaming" Edit: Next rally out of dirty fiat soon?  |
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These people selling on Stamp make me think they expect to see a repeat of June~ 2013.
I don't think this is the case, the market is looking much more optimistic/bullish than it did back then.
It's also quite amusing that proportionally, if we were at the same point in the last bubble we would be sitting over $200 right now. No cat bounce got that high then yet here we sit semi-comfortably.
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No more rocket fuel? |
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Huobi will be waking up in the next couple of hours, they will make or break a reach to $1k.
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Every other exchange looks poised for a down move IMO, except silly Gox levitating $130 above all others.
What, you mean that rigged exchanged dominated almost entirely by bot trading with the odd hapless soul buying coins in order to transfer to the Stamp where he can actually get his fiat back at a 10% loss? Yeah, I noticed that on Gox, an all important resistance level was taken out which seems to have lead to a lot of fools market analysts forecasting a big rally over the next few days. But as you say, on the exchanges where BTC can actually be exchanged for fiat that can actually be withdrawn to a bank account, a drop back down to $700s looks a near certainty. So who do I believe to most realistically represent the workings of global Bitcoin trade, Gox, or all the other ones? Today, I doubled my short position at $832, if that helps clarify my position. To me the downtrend from the 6th to the ~18th of Janurary failed, coupled with the fresh new fiat from the good news, overstock for example, will be hitting the exchanges about now. Gox is just leading the charge like usual. |
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Hahaha, what the heck is gox doing. Like 10% market volume leading the charge
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Mtgox has no verified USD withdrawals since Sept 2013. Even EU withdrawals is like once a month for a small amount.
But you can withdraw JPY and PLZ without problem... (anyone knows if also GBP?)! And people with so much money, probably don't have problems with getting Polish or Japanes business accounts in one of the banks  GBP works for me, took 24 days mind you. <1k had $2000 left there myself. waited over two months before I gave up, cut my losses and converted back to BTC at their outrageously inflated prices, but at least i got something. FtGox is dying running out of coins to trade. that's hwy the price is so high there. I lost close to 20%. Mark pissed away a billion dollar opportunity with that company.
The only possible use for gox anymore is to trade on volatility to increase your BTC position, then move the BTC elsewhere. That begs the question though, why not just do the same thing somewhere else? I find gox to be more volatile, if you're right then there will be a greater panic to get money out, more panic, more volatility. And people like staying if they are comfortable, most people only had to deal with the lag. |
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You might consider that this Bot is probably buying his own coins/asks. Since the asks gets pushed lower every time a normal user(if there should be any left there) are putting a ask order in between. Without this Bot volume would go down about 80% more. Putting Gox in a league with Cryptsy - Kraken, lol.
I still trade on Gox among others I know, it's been a pretty flawless service besides April. 100% to increase my btc holdings mind you, but I think there's still a few who have faith. Besides, with a 10% increase in price, if you don't mind waiting a few weeks (if you think the price will slowly decline down for example) it's a smart move to buy on another exchange and withdraw from Gox, easy arbitrage. Huobi is looking dangerous..  Mtgox has no verified USD withdrawals since Sept 2013. Even EU withdrawals is like once a month for a small amount. Ahhh that would explain it.. |
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You might consider that this Bot is probably buying his own coins/asks. Since the asks gets pushed lower every time a normal user(if there should be any left there) are putting a ask order in between. Without this Bot volume would go down about 80% more. Putting Gox in a league with Cryptsy - Kraken, lol.
I still trade on Gox among others I know, it's been a pretty flawless service besides April. 100% to increase my btc holdings mind you, but I think there's still a few who have faith. Besides, with a 10% increase in price, if you don't mind waiting a few weeks (if you think the price will slowly decline down for example) it's a smart move to buy on another exchange and withdraw from Gox, easy arbitrage. Huobi is looking dangerous.. |
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"I wouldn't even "invest" a penny in this monopoly money. The loonie is loosing value thru inflation? So what? Wages are constantly rising and there are plenty of saving options out there that give rates equal or superior to inflation. If you look closer to the purchasing power parity over the years, it increases instead of decreasing because of the economic growth (in 1980 a computer would cost you about the same as a car, nowaday you can find computers for a week's wage). Economic growth is maximized with a little bit of inflation because inflation discourages hoarding which is lethal to an economy; which Bitcoin promotes high and low. Bitcoin is what happens when IT people and programmers act like they always have been experienced financial advisers and economists. Wall Street is gonna come in, pump this already inflated dream and scam the good people Bitcoin's supposed to protect."
Hahaha, I'm in tears..
Well, he's right about the last part, time to ride the train!
who are you quoting? "carl sagan" from this link http://www.cbc.ca/news/canada/kitchener-waterloo/why-are-canadians-buying-bitcoin-1.2501496Thought it was pretty funny. |
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"I wouldn't even "invest" a penny in this monopoly money. The loonie is loosing value thru inflation? So what? Wages are constantly rising and there are plenty of saving options out there that give rates equal or superior to inflation. If you look closer to the purchasing power parity over the years, it increases instead of decreasing because of the economic growth (in 1980 a computer would cost you about the same as a car, nowaday you can find computers for a week's wage). Economic growth is maximized with a little bit of inflation because inflation discourages hoarding which is lethal to an economy; which Bitcoin promotes high and low. Bitcoin is what happens when IT people and programmers act like they always have been experienced financial advisers and economists. Wall Street is gonna come in, pump this already inflated dream and scam the good people Bitcoin's supposed to protect."
Hahaha, I'm in tears..
Well, he's right about the last part, time to ride the train!
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Fun fact: when your account was created it was at the same time richard branson adopted Bitcoin, alot here were confused and thought your account was actually the real richard branson.
No legit businessman would register in a shabby forum with his real name. Jaroslaw would like to have a word |
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Meanwhile "mooncoin" is up +370.93 % today, Jesus these pump+dump/scamcoins are ridiculous.
Still not sure if these are good or bad for Bitcoin/Cryptocurrency as a whole (if they are just p&d/scams)
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I miss volume Just need a couple of whales to set us on track to 1k! Don't fool yourself. Around 950 the first people start dumping and around 970 the sheep will completely panic and sell till we're back at 900. At least that is most likely to happen. We for sure got there quicker than i expected. And i also hope i was totally wrong. I think everybody is getting tired of seeing 900. I definitely am. I'd like to see $500. We barely broke 500 with the news out of BTChina + the bubble pop. I think 500 from now is verging on wishful, who knows if some bad news comes but the way things are headed.. Choo choooo |
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