bitcoin at a 4 month low
good time to buy?
the real fun will begin at $399ish!!! lol ;-) jmho there seems to be some fun had here |
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I think with the recent activity on the market, the past 7days avg vol per day, is just about 0.1BTC
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bitcoin at a 4 month low
good time to buy?
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if i wake up to anything lower than 490 i'm sending 5K.  |
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Im seriously thinking about cashing out and then rebuying with the bleeding stops. I truly believe it will go at least 50 dollars lower than it is now, but most of the time I have done that in the past, i got burned, glad i only sold a tiny bit and not the whole ball of wax... My wife told me to just leave them in cold storage, its not like I have a ton, but what i have now could put a nice down payment on a house or buy a very nice luxury car... Ive already lost 20k or so on paper the last couple days, I just dont have the blood pressure to take this..
But, like Ive said before, Im in it for the long haul and need to remember that im betting on the future years down the road, not weeks or months.. Ill probably just hold, and ill come back here crying saying I should have sold... If I sold and it it dive, I would for sure buy back in.... but fuck it.. Ill just hodl....
you're going to fit right in. have a set it will be a while. |
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I wish I could read em and make sense out of them.. its pretty simple ( shows bids and asks, the order book ) and fun to look at when you know what you're looking at. tomorrow, i teach you. to tired now... |
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go hunting levered longs and then crash the market? O_o could it be? they're that crazy? how can anyone sleep in times like these  lack of volume on top of uncertaintly and lack of insurances...Wall Street is still on summer vacation!!!  ez\/ ya i know what you mean... poeple need to HODL! |
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So the weekend dump officially begins.
How down will we go this time?450? 430? Even lower?
Am I missing something? I don't see any dumping. Bro, there is dumping and definitely a very alive sell bot in China. We actually have more downside volume today at this point in the evening than we had yesterday... it is more comparable to Wednesday evening. So, yea, things could get out of hand really quickly. That said, they haven't gotten out of hand just yet and the order books seem stacked. Let's see what happens. they squeezed the coins, now they are collecting the panic sellers coins. such moves |
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go hunting levered longs and then crash the market? O_o could it be? they're that crazy? how can anyone sleep in times like these |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
all i see now a days is the manipulation. i might be seeing things... i often find myself seeing wtv i want to see.  here we are, just trending, low vol. low movement, stable and every so slightly up, and the rest is clear as day. Affirmative. We are getting dicked. I half wonder if some of them aren't looking at the Lawsky BitLicenses and thinking that they now have a limited window to screw us over whereas before they were thinking they could pump the market for a while and then screw us over. But I am a slightly paranoid, pessimistic type. So take with a grain of salt there can be no doubt this move was a leverage hunt. it was calculated it and beautifully executed look at the bounce at 540, the longs almost got out of the squeeze, but they we're up against a monster BTC whale on a mission, and he clearly knew if this was going to work, it had to be now, momentum is hard to squash. |
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Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.
At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?
all i see now a days is the manipulation. i might be seeing things... i often find myself seeing wtv i want to see. here we are, just trending, low vol. low movement, stable and every so slightly up, and the rest is clear as day. |
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call your friends recommend buys, they won't... they never do, and once again they will be like fuck i should have listened.
Great idea.  If they don't outright laugh and hang up the phone and instead actually follow your advice, when the price continues to fall they'll despise you for years to come. no no no if they do want to buy, you tell them you're not sure you can never be, advices them to buy half now and half should you be totally wrong and it crash much further down, to lower avg price, remind him of the fundamentals, show him a few of the news pieces, sure it might go lower, but it might go sky high after, and sure it use to be cheaper, but today its safer, so it cost more, get him onboard the train! but this is a moo point your friends will laugh and hang up keep doing it on every time you buy on a low and it goes lower (better chance it gose up after you told them to buy... ), pretty sure at one point they will come to you |
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volume on stamp is pathetic and we hit 480.  totally pathetic volume, clearly its going to crash, better sell now b4 its to late. everybody moved to bitfinex it seems. I didnt because I dont trust them. I miss mtgox style crashes. nowadays we got controlled smart dumps. market is more mature and you have to be much more patient. the market is definitely moving a lot slower than it use too. yet another sign that all is fine. |
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Some good news! It is not huge, but a nationwide danish portal for fastfood businesses ( hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.  Oh well, I wasn't going to buy yet, but now that Hungry.dk is in on the action I really don't know how I could control myself. WTF!! OMG!! In a small country like Denmark it is big thing that 744 take away restaurants now accept prefer bitcoin as payment. Just saying... 10% off too! makes me hungry. |
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volume on stamp is pathetic and we hit 480. totally pathetic volume, clearly its going to crash, better sell now b4 its to late. |
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I would say that Amazon would love to enable BTC, but TPTB doesn´t let this happen.
My theory is that if Amazon accepts BTC, they won't simply be plumbing Coinbase into their existing system, they will be wanting to extract every last $ and BTC they can so we'll see something extremely vertical possibly up to and including an Amazon exchange. Make no mistake, Amazon and Ebay/Paypal is the next big tech company battle getting ready to face-off. If Amazon can find a way to use BTC to gut Paypal, it'll happen. That does NOT necessarily mean the adoption of BTC... Amazon is so huge that they would creatively be able to manipulate some kind of centralized Amazon coin while attempting to appear to be equivalent and/or superior to BTC... NO? bitcoiners will forget all that they have learnt and trust their money to a centralized mage corporation. yes no maybe? |
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call your friends recommend buys, they won't... they never do, and once again they will be like fuck i should have listened.
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Bitfinex said:
“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”
“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451. This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that. maybe it was 2 Ether guys cashing in there big break, and they organized to try and crash the market so they could buy back lower? oh whos cares point is someone crashed the market literally flat out DUMP DUMP DUMP fast fast fast, like a moron |
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