Feels good to sit 100% fiat until the sleeping dragon awakes. I'm guessing selling should resume in about 3 hours.
What if they buy? +1 I really don't think people have been thinking enough about the pressure on the Chinese to BUY. Imagine if suddenly you realised you might have more difficulty in getting money to your exchange in the near future, and that this might only become more and more difficult? What would you do? Whatever your masters tell you to do!  They are telling you that Bitcoin is not currency and should not be used to buy goods! |
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Feels good to sit 100% fiat until the sleeping dragon awakes. I'm guessing selling should resume in about 3 hours.
What if they buy? +1 I really don't think people have been thinking enough about the pressure on the Chinese to BUY. Imagine if suddenly you realised you might have more difficulty in getting money to your exchange in the near future, and that this might only become more and more difficult? What would you do? |
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This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then This perspective is not largely based on time. No estimate within reasonable accuracy. Well then how can you say we are nowhere near? |
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This "capitulation" has got absolutely no conviction.
We are nowhere near capitulation. Give us a rough time then |
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This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy!  any action is more likely to be during the week of Feb 10. Why do you think? |
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I've decided I'm not smart enough for trading. Sold all, fiat withdrawal pending.
you failed hard at HOLD! And this is a very soft sell! |
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I've been living under a rock, I don't understand why since the 12th the price has started to just plummet. Any information?
The general picture is that many people believe that come 31 January maybe lots of Chinese people will sell their Bitcoins and withdraw their money, crashing the market. So some people would like to get out now. But it doesn't look like there is much panic or conviction in the current selling. Some analysts would probably say that we need a correction regardless, but then most of them have been pretty stumped by the way Bitcoin has been behaving post the China bubble. |
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One thing i learned a long time ago about bitcoin is that it has its ups and downs.So I'm a hodler too. Patience is a bliss.... Someone resurect "the balls of steels" topic  Balls of steel? Strapped in and ready, sir!  |
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wow this was a pretty shitty thing to wake up to
still, HODL
HODLing with you!! You know what though? This is a serious anti-climax for the capitulation crowd. The selling is extremely measured - We haven't had a panic sell for weeks now. AND this is the time - as we move into two weeks until the dreaded 31 January Chinese New Year shutdown scenario - that the naysayers have been banking on. Let's see... how long in your experience does it take to sell and withdraw funds from exchanges? One week in total? You'd be extremely lucky, if not unheard of. Two weeks? The best possible reasonable guess. Very often, if not usually, longer. So if the Chinese really were going to withdraw all their money, they would be doing it already! This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy! |
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don't fucking short bitcoins you idiots.
Don't listen to Mucus, he just wants all the short positions to himself. "they see him shortin', they hatin'" turns out I am fucking shorting myself... a 45 minute wait is no fkn good on something that evaporates value like Bitcoin... Very very frustrating.....this better not be one of those Bitcoin transactions that goes 25 confirmations before landing, otherwise I will be sweating blood. Caught "without your shorts down" in this instance! Ha ha ... he he.. ho ho ho!!! LOL! |
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hodling come rain or shine!!!!!!!!!!!!
With you 100%!!! |
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In a nutshell alpha492, going by your TA, is this still a good time to short?
I anticipated a bounce at the $765 level, which bitcoin hit as I transferred my $790 coins over to Bitfinex in order to turn into USD for shorting (I managed to get out at just a small discount from what I paid for my BTC over at Bitstamp).
Seems like there is more of a Bitcoin fart than a bounce underway here and I consider that there will be much more downside to come before this weekend is out.
However, now I am standing on verge of sinking a few grand into shorting Bitcoin, the fact that we have had around $200 of downside in the past week is standing out in my mind.
MatTheCat you are running around willy nilly to anyone you deem an "analyst" for advice. I give you a cast-iron guarantee you will not get anywhere doing this. Not saying you have to go long, not saying you have to go short, but whatever you do think for yourself man! |
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It's pretty scary that this is happening without chinese, we'll see what happens when they wake up.
This IS the "Chinese"! We are nearing the end of the month and some think there is some kind of surprise Bitcoin dumping spree just around the corner - so they want out early! |
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I would like to point out that in my Special Sunday ... ahem ... analysis  .. I did explain what Bitcoin was doing this week with the very graph posted above. Please read for further information: https://bitcointalk.org/index.php?topic=412429.0 |
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There are some serious desperate people around chasing cheap coins
rpietila (missing in action)
fr33d0miz3r
proudhon
humanitee
ElectricMucus
Tera
DustyRah
...........which ever other account has been created in order to answer the own post
How long will the have to wait the get those cheap coins?
It's the usual suspects! |
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No thanks! The thing is, I don't know if you've understood this yet about me but I'm not a day trader. I've invested in Bitcoin because of the fundamentals. It's not the daily swings that I care about - you know yourself trying to time these is like walking through a minefield blindfolded. Still managed to get in cheap by today's price though! Then why not put your Bitcoins to work by lending them out to short-sellers? That way, you keep your Bitcoins and earn interest on them and of course, it will be water of a ducks back to you when Bitcoin hits $600 range and you get your Bitcoins back some $150 less valuable than they are today, right? I'm in for the long-term, with what I can afford, because I like this experiment and I think it has got a whole lot more blowing up to do! Can I ask, do you actually believe Bitcoin will be around in a year or not? |
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Dismissive perma-bulls have gotten awfully quiet...
Aaaaannd.... Hello! |
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Sweet, the same graph, again!
Checkmate bulls!
For a hero member you sound desperate for cheap coins. Did you go full fiat?  |
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Actually shrotting is already available. I'm surprised you don't know this!
It might be available, but there are absolutely no suckers willing to take the other/wrong/shitty side of the short trade. Perhaps a couple of days ago when Bitcoin was suggesting that it may break out above the $850 level, then short selling may have been possible for quite a few traders, but just now it isn't. If you are so confident in Bitcoin, why don't you get over to Bitfinex and you can lend me some of your Bitcoins that u will obviously get back with a whole pile of interest payments as Bitcoin 'inevitably' goes 2 da moon over the weekend, leaving me sorely out of pocket? Go on, be a man! Please? Pretty fucking please? No thanks! The thing is, I don't know if you've understood this yet about me but I'm not a day trader. I've invested in Bitcoin because of the fundamentals. It's not the daily swings that I care about - you know yourself trying to time these is like walking through a minefield blindfolded. Still managed to get in cheap by today's price though! |
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seems we are not going back over 800 pretty much soon.
I agree. Everyone talks about "China uncertainity". I expect we will go down to $700, and maybe $600 at the end of month, then any message from China can trigger panic selling, so around the end of month some "mini crash" is well possible. Then we will recover, regardless of what exactly the Chinese government will decide. If they will go Russian way, recovery may be longer, but I doubt it. While Russian govt are just control freaks, Chinese establishment will try to see some opportunity for them. I don't agree. I think that everyone panicked with the news of the FBI selling off the Silk Road coins. And the "panic" sell off was not even that impressive, really. Today people will realize that the price is not dropping that much and then buy back in. Thanks to all the press surrounding this Bitcoin got some "free" advertising. More people will decide to invest and so it will go up. Plus each day more and more businesses are signing up. Yesterday it was an NBA sports team. Today? Who knows. But it is looking good to me. I predict $1000 by next week. Hodling Bitcoiners are becoming hard as nails! It's written all over the charts post-bubble. It's all down to the fact that everyone and his dog knows things are growing faster than ever. |
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