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Looks like its time for $350 or so now.
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If we go sub 300 before a bounce  I feel the same  Wait for the next bounce. Yes, $200 is coming. Yes, $100 is coming (although it may take awhile). But its unlikely we wont see $400 or above again at some point. I suppose its totally possible if people are realizing this... but if you're already at a huge loss, I'd imagine waiting is better than accepting it. |
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China is trying to hold the price over 2000CNY, I think they will succeed. So probably going to slowly climb a few bucks until the next big move.
$335
EDIT: Right as I post that, they're working towards retesting the low.. if 2000CNY fails, err.... should hit at least $315.
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No you didnt. Shorts arent even being closed to any significant degree right now.
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Mmm bounce.
How much will it retrace? To $340?
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Pretty much take Bitcoin and make it a piece of shite. Now you have ripple. Because it is shit, it could succeed. Bitcoin being massively superior to Ripple doesnt make it any more likely to come out on top.
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This looks realllllly nasty.  |
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This dump started on Bitstamp, not in China, so maybe Chinese traders think this announcement was bullish.
Oddly enough, Huobi is very bearish on the orderbook. Already 5K BTC to reach the 24 hour high of 2183! Thats bad. Remember that OKCoin/BTCChina orderbooks are mostly bogus. Huobi is not, at least not to the same degree. I wasnt very convinced this drop was a big deal until seeing that steep mountain of asks on Huobi TBH. |
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Bfx bidsum is down about 3m$
It's more back to normal than it is "walls pulled omg"
Still lots of bids on $300
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The 400 wall on virtex is still in place,
False alarm?
The other exchanges dont give a damn if a tiny exchange falls behind. |
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Bulltrap closing so soon? I dont think so...
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Fairly large dumps through the last bidwall on Huobi for the next 35% of the orderbook. (NO MORE BIDWALLS UNTIL 1250CNY)
Could get very ugly in the next few hours. Or, a rebound is overdue. Generally when Huobi's bid-end becomes this thin, a short term rebound is coming.
[/b]  |
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Fairly large dumps through the last bidwall on Huobi for the next 35% of the orderbook. (NO MORE BIDWALLS UNTIL 1250CNY)
Could get very ugly in the next few hours. Or, a rebound is overdue. Generally when Huobi's bid-end becomes this thin, a short term rebound is coming.
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It is interesting to think that
bitcoins valued in cents was not possible in 2011.
bitcoins valued at 1$ was not possible in 2012
bitcoins valued at 10$ was not possible in 2013.
bitcoins valued at 100$ was not possible in 2014.
there could be mild variations...
forget about complex regressions arms predictions.
child logic is bitcoins valued at 1000$ will not be possible in 2015.
and 10000$ not possible in 2016....
this I believe it's what makes bears fear!k
No, frankly I never even considered it. See, the problem is that exponential growth does not continue in perpetuity in an open system. If you actually took mathematics courses instead of pretending to be a mathematician, you might realize that. Correct. I tried to find this funny picture that depicts your point somewhat.. it was number of wives vs time. Day 1 = 0 Day 2 = 1 Future Day 3 =  Some would say two. I say the trend is true until out isn't. Aka is not a real metric to watch as a predictor |
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I will still be buying when the price is 1000+
Buying with dollars and selling with euros because it is the cheapest way to move money from my US bank to my german bank.
Using bitcoin as an intermediary is not really buying it. |
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impossible. now the price is up and down at $350
it could down to $320 $310, never to below $300
Very true below $300 is almost impossible right now... People have been accumulating around this 350 range for a while now so we can expect a nice pop anyday now. I am sure the pop will deflate same day to stick to the overall downward trend we had all year but regardless we will test 400 before 330. FACT. I dont know I agree on the exact numbers but this seems reasonable. Long term trend is down, but short-mid, not really sure. Lots of up and down along the way to $50. |
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Damn second market, you crazy.
Maybe buyers waiting to get in on the auction?
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Interesting metric but I dont think its more than a correlation.
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