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lambchop, plz stop the tedious debates and post some bullish pix,
thx
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The bear cultists are oblivious to history I'm afraid.
(Not that this necessarily has to be a long term bottom, but certainly a bigger one).
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China caught up to the west. They're about to teach roundeye a good lesson.  |
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What if Mark Karpeles managed Silk Road and Ross Ulbricht managed MtGox and that's why both have gone to shit?
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The dollar value of longs stays the same, but the dollar value of shorts is bound to BTC's price. So with the same absolute USD and BTC amount of longs and shorts, at two wildly different prices, it can be considered either short heavy or long heavy because of the ratio of the USD margin tied up.
I hope that makes sense.
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He still fucked up. He sold it all on one exchange, at one particular point in time (Remember, Bitstamp had a severely lower price than the others due to him alone. He got a worse price for that alone), and at a bad spot (he could have waited a week or two, but he had to sell at a bottom that wouldn't be revisited for 2 months to come).
You won't understand that. I get it.
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Bitstamp | Total bids: 3117570 USD. Total asks: 7943 BTC. Ratio: 392.46389 USD/BTC.
😈
yes, wave with that meaningless data. doing a great work for our little pump and dump community. People told me it was meaningless a few days ago when I posted the bearish ones, yesterday they began telling me it's meaningless when I posted the bullish ones.  Stay short, matey. I remember you were the exact same guy who told me I went bullish too early last time at the 275 bottom before it climbed to 400s. |
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You know what's funny? The higher the price rises, the lower the value of the longs is in relation to the shorts.
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Fools have actually been increasing their shorts again: 26,501.51 BTC
That's actually really good. We'll need the fuel as we go higher. I'm laughing how I always rile up the cultists in both camps. Yesterday, the bear cultists have been telling me how foolish I was even suggesting a capitulation. |
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Fools have actually been increasing their shorts again: 26,501.51 BTC
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Bitstamp | Total bids: 3117570 USD. Total asks: 7943 BTC. Ratio: 392.46389 USD/BTC.
😈
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EURCHF holy fuck...
Turbulence on markets!
And people say Bitcoin is volatile. |
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Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
This doesn't mean anything, you are overlooking it... a correction to $250 is possible maybe followed with some stability for few days then the downtrend will continue till we hit the bottom (double digits, lower double digits) Sure, I smell another drop coming, but I'm not sure if lower double digits is where it will end. There would be major capitulation at sub $150. Not sure if there would be enough people willing to sell at sub $100 to drive it that far. I love bears. We just had a massive calamitous decline with a huge volume reversal, after a never ending 13 month bear market. When the market finally turns up they predict doom. As i said yesterday we will see who are just trolls/useful idiots to the whales controlling the market and who actually follow the trend. Those aren't bears, they are either bear cultists (permabears) or pigs. |
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Bitstamp | Total bids: 3230081 USD. Total asks: 8699 BTC. Ratio: 371.29663 USD/BTC
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Bitstamp | Total bids: 3297283 USD. Total asks: 9324 BTC. Ratio: 353.60536 USD/BTC
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Amazing how you people are so convinced that we'll magically go up again once we hit low prices. Where do these delusions come from?
Well, that was the bottom. I picked up a shitload of super cheap coins. Thanks to you idiots selling at the very bottom.
Thanks for playing.
Next he'll tell us again how it's really multiple persons using his account, but we all know he is actually just mentally ill.  |
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No worries mmitech, it's all good.
More things to look at: Record daily volume everywhere, huge-ass daily candle, utterly depressed sentiment within a few days, positive divergences on lower timeframe indicators and this little gem:
Total sum of active swaps
14,116,913.60 USD
26,812.67 BTC
Last time we had big volume? during the $475 bulltrap. Of course there is insane volume and sentiment is depressed. The tulip mania is collapsing. What do you expect to happen when btc dies? low volume and everyone is happy? If you're buying just to dump higher it's all good, just remember to wave goodbye to the BTCeanies when it's time  Bull traps of this magnitude often last weeks and months, man, it's really good for trading. Not lovin, just tradin. PS: Bitstamp | Total bids: 3182278 USD. Total asks: 10516 BTC. Ratio: 302.60656 USD/BTC. |
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