What the heck! Can somebody explain like I'm 5 why Stamp is moving the exact opposite direction than China?
It's not moving in the opposite direction, but it's following China. There's a delay and it looks different on a small scale. |
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That feel when bears can't get thru 575   And when the wall got pulled / eaten, how does it feel? PS. That was because there was a nice dump on OKCoin, Bitstamp just reacts to China. |
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The Silk Road and MtGox events are very important milestones in Bitcoin's history and personally I do hope that both Mark Karpeles and Ross William Ulbricht face at least 20+ years of jail time for their deeds. Their 'businesses' had good parts also and if we were in an ideal world, I would oppose jail time and put their asses to hard work, but since this is not possible, jail it is.
Karpeles yes, Ross fuckin' NO! He just made a market anyone is free to trade anything they want! You're blinded. IMO both should do time, for criminal negligence...  As for what is happening with the price, nothing special yet, wait until we test support at 540$ again. |
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I am a hero now. Bow before me, lesser mortals!
*cough* Sorry for that.
As you were...
LOL. Congratulations, but remember that for some uber-bulls you are a perma-bear. Sorry, couldn't abstain from raining on your parade!  Now seriously, would you post a bearish scenario in your analysis thread? |
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From an Aviationweek blog:
Which is just about my reaction to the Sovi... er, Russian explanations, official and otherwise, for the shootdown of MH17. Let's take two that have floated around the Internet.
The first is that the Ukrainian air force shot the Boeing 777 down itself, using a Sukhoi Su-25 Frogfoot carrying an R-60 Aphid air-to-air missile (the only AAM normally carried by the Su-25). This would require some remarkable timing and a pilot immune to nose-bleeds, because the Su-25 can manage Mach 0.82 flat out, on a good day, and a 777 can do 0.89, and furthermore the Su-25 is unpressurized and has a normal service ceiling of 23,000 feet. No doubt coincidentally, on the day this claim was published, a Wikipedia editor with a Russian address was found trying to insert a 33,000-foot ceiling on the Su-25 page. As for the R-60, the 3 kg warhead's ability to assure a kill on a large aircraft with highly redundant systems is dubious at best.
A second theory is that two Ukrainian Su-27 fighters trailed the Boeing and somehow drew the missile on to it. Aside from the fact that the Buk-M1 is about as discriminating as a Rottweiler with ADHD, and that it could be activated at such a short range that the Su-27s would be inside its no-escape zone, the weakness of this story is its extreme similarity to the KGB-disseminated excuse for the shootdown of KAL 007, 31 years ago. The story then was that an RC-135 was deliberately shadowing the civilian 747, possibly using it to "ring the fire alarm" and gather data on Soviet air defenses.
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Looks like we'll test 590$ again. After 2 weeks of boredom, this is refreshing! |
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As others have mentioned there are no buyers.
I think that was pretty clear already for the last month or longer.
Are there still people here who expect us to magically go to 1000+ soon?
I certainly don't.
yes magically and soon Don't forget to enlist Gandalf and Zeddicus, and some Chinese wizard would be most helpful too. About soon, no chance, even in the bullish scenario, which is not yet invalidated. |
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Am I having even worse problems with my depth graph now or are there only about 30 BTC to be bought until we rebound to 620? This is crazy... and not in the positive way. Why is no one buying?
Probably waiting to see what happens on OKCoin, where it's undecided, will it go down one more time or not? |
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Are those people right who claim that all Bitcoins may be liquidated for FIAT (Yen/USD) in order to pay their FIAT debts first? Or is this nonsense? If this is in fact the case, people who have FIAT stuck there may end up getting back all of it or at least substantially more than people with BTC stuck there!
This will probably be the case, people with a lot of fiat pending for a withdrawal will be prioritized. This was a major fuck up from mt gox  Some of the missing fiat was loaned by MtGox to Tibanne, Shade3D, Bitcoin Cafe, and Karpeles himself, total about 13M$. Kobayashi is supposed to get that fiat back: 'Repayment of the loan is currently being requested'. |
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Don't people who use their BTC to buy from Bitcoin-accepting merchants usually replenish their lost BTC after a while? That would create a net neutral effect on Bitcoin prices.
I doubt that most early adopters, who still have hundreds thousands of BTC bought for a few dollars, would want to buy back the same amount at a price higher by a few orders of magnitude after spending them with a new merchant. FTFY. Early adopters can easily replenish and even increase their BTC holdings by trading. |
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OMG THIS IS THE SILK ROAD EVENT!
...
We are on our way to new ATH!
No, not even close. The SR crash was the bottom of wave 2. In both bullish and bearish scenarios the market is far from that. Many people don't seem to understand that the market is moving much slower now than in 2013. |
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5min MACD suggests a new round of dumping is brewing.
5 minutes later, it started. And now things are getting uglier on OKCoin, which leads the dumps. |
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5min MACD suggests a new round of dumping is brewing.
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The seller pressure from BTC accepting retailers is relatively small. This dump was initiated by China,
and the reason is that the Chinese bagholders are increasingly impatient. For the bullish scenario time is running out.
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The Chinese exchanges dump too, so it's not a local event. Edit: funny that LTC is being dumped too. |
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The mania phase of a bubble needs new bagholders, a lot of them, and there are none to be seen yet. OTOH: http://www.coindesk.com/perianne-boring-regulators-will-decide-bitcoins-fate-within-18-months/A few excerpts: There’s nobody else in DC that cares about bitcoin, bitcoin has a terrible reputation, people are scared to touch it, nobody wants to be involved with it, and a lot of it is a lack of understanding. If I worked on the Hill and Western Union had come to me and said, ‘Bitcoin is terrible and we need to ban it’, and we needed to contact bitcoin to get their side of the story, who would I call? |
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For the bearish scenario, I noticed a similarity between the March charts and the current ones. The difference is that the movements
occur now 3x - 4x slower so I used 1d for recent charts and 6h for the March charts. An explanation for the much slower movements is
that in March the market was moved downwards by China FUD, while since May such FUD was mostly absent.
In the bearish scenario, today is similar to March 15th, with low volume and and undecided direction.
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