No decisive movement yet, eh? Alright then, summary time. (sorry for the sloppy style, this is more or less stream of consciousness)
Ignoring the possibility of continuation of the horizontal trend (that'd be boring), what are arguments in favor of continuation of the correction, i.e. downwards trend (red line in my previous chart) vs. continuation of upwards trend (green line)
(1) forum sentiment: cautiously bullish ("I'll buy for sure when we get lower") seems to be quite prevalent
(2) post bubble, volume on the way down was significantly higher than on the way up. suggests selling pressure, but could also mean sellers are running out of ammo.
(3) EMAs: D1, H4 undecided (just crossed over from above), H1 still bearish, but tendency towards crossover from below.
(4) total trading volume (in USD) is maybe on the low end for what is necessary to support the long-term upwards trend. (pointed out by WackyWilly)
(5) re: converging trendlines, as pointed out by 100x, me, and others: post-bubble, bit more evidence for the downward trend (3 vs 2 points of contact)
(6) If supporting trend (green line in my chart) = January 9 long-term expon. trend, then we're a bit ahead, should be hitting 100 only mid-May.
(7) order book (yes, I know, fake walls everywhere): total bid/total ask: 105. average of price if all sold at current prices, all bought at current prices: 120.5
pro bull: 1, 7
pro bear: 2, 3, 4, 5, 6.
Hmmm... I don't like the way my own summary looks. My gut tells me we should be going up, but my little collection of evidence points to continuation of the correction.
/pseudoscience
Nice post bro. |
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It will drop to 90 this time  ) It may be, but I'm putting my bids a little higher, I even bought a good chunk at 108ish after testing $110 the second time. Too many fake bears oversold and thriving to buy back at some point. Not very scientific but hey, you have to follow your intuition sometimes |
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Bid sum keeps rising.
Time for 125
Not so quickly... |
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Buyers are still there, and true bears seem to be running quite low on ammo
Only 170 KBTC on the exchange! My God, they are almost out! Selling pressure is still there, and that's expected. Ask sum is high, but not near ATH nevertheless. But now take a look at the bid sum in the chart below, and then speak. $18M on Gox is a lot, compared to just a few months ago. That's a lot of bullets for the bulls. Most people who rode the bubble has their fiat sitting there, waiting to buy back.  |
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I know nothing about TA, but it looks like we are reaching some sort of convergence. It's obvious that tops are lower and lower, but bottoms are higher and higher too.
Buyers are still there, and true bears seem to be running quite low on ammo
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Selling pressure still there - lots of coins on the order book. But buying pressure increasing, $18M bid sum ATM. Sort of tense equilibrium.
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yes corrected it inmediately. it was said by Zuckerberg's confidant not himself.
You know, i was so tired to find a point of entry that i was going all in at that very news  Sorry man I took less than a minute to correct the post. I guess I was so impressed by an initial article scan that did not pay attention I think he is joking - irony, sarcasm, etc. Anyhow, I've been quite bearish like Cedivad lately - but we have to acknowledge that so many bears in these forums is a bullish signal. Everybody is waiting to buy - which usually means they that already sold what they had to sell... Which is obviously uber-bullish. Next days are very important. If tomorrow we have a rally and we really leave $110 behind with reasonable volume to support the move, I'd say that the capitulation is over and we are at the gates of consolidation phase. Yeah, we may visit again double digits with some big dump/flash crash, but something lower than $70ish would feel unrealistic at this point. I'd therefore take up all my bids - a lot. I'd still not go all in to try to profit from from any crash we may face... I remember with joy the fork, so glad I was ready for it. |
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No the title needs to be changed , that's not true BFL is not shipping.. They "might" be shipping the ASIC that some special people (like some "famous" bloggers) ordered months ago but that's all. If you order now , don't expect to get you thing before next September, so no , i don't call it shipping and that's why i did not order.
By the time you receive your asic the difficulty might already be so high it would be totally useless
Technically, they are shipping. Whether you are pleased with the subset of customers to whom their shipping is a different issue entirely. Stockholm syndrome is very common among BFL customers. Hope you are enjoying your unit, mate. Happy hashing! |
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Guys, you really enjoy pump and dump schemes, eh?
Trying to be the first one in and the first one out before the dump... Funny, I prefer SD
Nothing different than bitcoin itself though I hope you are joking - aren't you? |
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Zuckerberg Palihapitiya says people will get bored of Facebook if they don't bring new ideas like bringing Bitcoin to FB
Bitcoin invested Venture Capitalist says ... Yeah, he may be feeding the hype so he can sell higher  |
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Was the wallet encrypted?
Anyhow, is clear the dude stole your coins. Plugging an USB drive to your computer to send you coins... What he had there, his wallet.dat? And he opened it with your client? A text file with the URL of an online wallet? You said he remotely connected to his computer... Yeah, right. He was just stealing your coins.
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I wonder why guy who stole money from Graet put them into strongcoin?
I guess he was convinced too that Instawallet, Strongcoin, Blockchain.info are the best way to mix your coins. Yeah. And to loose them. Anyhow, I think he still got away with BTC389 - not bad considering the mistake he did. |
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Guys, you really enjoy pump and dump schemes, eh?
Trying to be the first one in and the first one out before the dump... Funny, I prefer SD
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It's pretty close to true. The hacker did spend them -- he was just tricked into sending them to the strongcoin operator.
No online wallet is 100% safe.
Let's do not play games. No online wallet is safe at all |
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So, no answer on this. Admin was able to "intercept" the funds as easily as stealing a candy to a baby. I really don't know how they can then write things like this: Therefore our servers only hold encrypted private keys and neither we nor anyone else can spend your Bitcoins. Only you.Utter bullshit. They can do whatever they want with your funds  |
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Ionstorm, are you the scammer? Stop spreading this shit, this is a guaranteed scam - full stop. I will stop posting in this thread now, but I really do not understand how some of you can still bloat this thread with dubious claims that will just confuse newbies and drive them to be scammed.
Fuck this.
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If we don't get through $110, nothing changed fundamentally If we leave $110 behind... Man... That would mean that bulls have bigger balls than the bears in here |
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No, this decreases the value of USD.
If your point is to get more USD for BTC... Then yes, the BTC exchange rate may be higher. But I wouldn't be happy if 1BTC = $100,000... If $100,000 is the cost of a coffee at Starbuck's.
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Thank you for all the coins. Rpietila has bought 2,500,000m BTC, left the trading desk, and will join the guests in his conference. I love it when supernodes go 3rd person. Back to the wall, that ask wall is pulling back slightly. He really doesn't want anyone eating it up. Major Human Flaw: Some people refer to themselves in the third person.
Explanation by Elsa Ronningstam, associate clinical professor of psychology at Harvard Medical School and author of Identifying and Understanding the Narcissistic Personality: Referring to yourself in the third person creates distance between "I" and "he." So if you have an exaggerated view of how great you are, you could be using this distance to make yourself even bigger. Or, if you've achieved major success suddenly, using the third person could be a way to adjust to the bigger role that's been assigned to you. It's a way to enlarge yourself to fit that role.
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