This is exactly how I feel right now:  |
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Does anyone else feel like this huobi thing is a pump and that the price action on other exchanges in response looks unnatural? Look at all the sell orders on mtgox and bitstamp popping up to fill whatever buys come suddenly. Btce has stopped moving also as if they know whats up.
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If you're having trouble predicting things with charts it's because China is screwing around with btc again - no way to predict what'll happen. I can't wait till their government just shuts down the exchanges.
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The Chinese Bitcoin recovery can only end like this:  |
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Here I was racking my brains trying to use TA to make sense of these movements on gox and stamp over the past few days and it's been these crazy movements on Huobi all along. God damnit I am so over China right now - how long till their government intervenes again?
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This must be that christmas manipulation we were warned about?
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Is there news from china? those guys are buying like crazy
It's simply where all the Chinese volume is now but it could be fake also. |
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Ok I solved the mystery. It's not btcchina leading - it's huobi...
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It's a lot easier for nothing to become to something than for 10,000,000,000 to become 100,000,000,000. There are complications in moving gigantic sums of money and winning over those types of investors, versus joe schmoe handing over his pocket change to buy a pizza. That's why the initial growth was able to be so fast.
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Well they sure didn't hold back for thanksgiving/chanukah.
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I don't like the return of this Chinese stuff. I wish China would just go away and stay gone. Its not natural and healthy growth - its so unpredictable, has so much manipulation, and fucks up all my TA. Btc could go to the moon or crash at any moment. Artificial, unreliable, unnatural, not good for bit coin. Its like those Chinese imitation drugs spice and crap. |
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Just a heads up, I'm gonna crash the market xmas morning. Cash out while you can. Mwahahahah   Wednesday - triple digits Thursday - double digits Friday - single digits  |
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OK its settled. 1 bitcoin = 7 Benjamin's. Now let's work in growing btc adoption with a stable price.
What? No. I just sold at that price (boredom was a factor)! Where are my bears?  Even someone calling for stability is a bear by bullcointalk standards. Anyone who is not 'to da moon with rockets and lasers' is a bear. |
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What do you guys think about the volume at this new chinese exchange hodljubi or whatever. I think that's what's keeping the price up right now.
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OK its settled. 1 bitcoin = 7 Benjamin's. Now let's work in growing btc adoption with a stable price.
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I think I'll just buy on a high volume day. How about that. It might be above or below the current price but at least I won't be nervous as shit.
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I feel we are above where we need to be for all those charts with lines that bears were posting to be accurate.
Only on mtgox, on a linear scale, and worst of all low volume |
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Slow crash? What crash? I assume you guys are looking at the longer time intervals or I missed the punch line?
Reading through this thread & receiving bitcoin related news via google alerts we see a number of corporate merchants making announcements of the acceptance of BTC or the planned acceptance. Shouldnt we be buying up more BTC at these prices? Dont get me wrong, Ive made my share of purchases just under $500 and have a number of buy orders set well below that but when BTC hit its peak, dropped to 500ish-600ish briefly before spiking up to the 1000's again, I remember thinking "I should of bought more @$600." Anyways, that was just some stream of thought there with the main point being placed on this "trendy merchant adoption" is interesting to see manifest.
Well its hard to calculate what the valuation should be. For all we know the recent price is pumped up 20x by speculators and china. So just because there is good news doesn't mean the correct valuation is automatically higher than where it is at now. I think all this bull stuff is the only thing holding the price up right now on twigs on low volume. I don't want to be in when the flow stops and the downtrend violently resumes. |
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Choo choo to da rocks and stars.
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