The ATH resistance line is nowhere near that, but closer to 3400ish CNY. |
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Technical indicators are worthless if the fundamentals are strong enough, and...
You are underestimating the impact that TA 101 gamblers have on the bitcoin price. Bitcoin's price has little to do with the fundamentals. |
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It is quite easy to pump a small cap asset (just look at penny stocks), but pumping a multibillion dollar cap asset is a lot harder and percentage gains will be a lot smaller.
Those previous astronomical patterns will not repeat in the same way.
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 Prepare for the death cross. |
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The weekly EMA never came close to crossing throughout 2013, but they are now. This is an extremely bearish technical. |
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Karpeles is a French Jew living in Japan, there's nothing American about him except his weight.
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Nothing, unless Huobi or BTCChina halt fiat deposits. The PBOC will likely not make a public statement, as their strategy seems to be to slowly kill off bitcoin in China without causing more speculative interest.
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Ignorance among the sheeple is shocking.
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All they need to do now is a fiat audit by a reputable accounting firm. That combined with this crypto audit would significantly boost confidence and attract more customers.
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^ His last name is Dutch, doesn't appear to be a Russian.
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saying "you been scammed" is not very descriptive. but saying "you been goxxed" is excellent. because just those 3 words gives people knowledge that 1) a person was scammed out of funds 2) the scam happened in december 2013 3) the scam involved the exchange MT.Gox 4) the perpetrator was mark karpales 5) the perp' got away with atleast 740k btc and soo on. so i love the term as 3 words can open up so much information, where words such as: "fractionalized" or even "banked" do not even do the event justice Getting 'goxed' should become the de facto word describing getting scammed by crypto-currency businesses. It will go down in history and as a reminder how amateurish bitcoin was in the early days.  |
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Goxed = scamming nerds in a technologically sophisticated way. Etymology: 2010s from Mt.Gox, a former Magic The Gathering cards exchange turned into the world's biggest bitcoin exchange and subsequently pulling off the biggest online heist in the history of the internet.  |
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Bitcoin is a speculative investment, and most speculative investments get dumped during major economic crashes. Since bitcoin is so young and hasn't been around any major financial crash (09-13 was a global bull market) it has given some the delusion that it is economic crash resistant, but it likely isn't.
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Just called and they told me this:
''Herro you speaking with Huobi. Prease hold your shorts, bitcoin is banned in China.''
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Yes, please bring it back... The quality of this forum has been going down.
It might put off some new users, but the ones really interested in bitcoin/highbrow new members will stick around.
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Bitcoin is good for trading the volatility. The buy and hodl days are over. You are doing it all wrong.
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The lower the market cap gets, the easier it is to manipulate bitcoin. Expect the fuckery to get even worse.
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Who knows what the price was before China's involvement? If you do then you know the low for now.
Recent growth was not purely China driven, a lot of new Western speculators also entered the market during the last bubble. |
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Read zhangweiwu's threads on the mentality of most Chinese bitcoin holders. According to him most of them are get-rich quick types who barely understand bitcoin and don't have the HODL mentality.
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