Ouch! 4k dump on Huobi has spread to bitstamp and cleared the order book....
Final capitulation in China before the mind-set changes to the realization that this is the easiest time to buy btc for long-term storage? If i read the words final capitulation one more time... |
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ShroomsKit announced an ignore. I guess we're in the "back to normal" phase of the crash.
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I am pretty confident that crashes are a transfer of coins from weak hands to strong hands
People are saying this since day 1. And there are just as many, if not more, weak hands as day one. Maybe we should stop saying it. ur not that bright, are u? Join my ignore list. Bye. He's on mine now too... he's a total doughnut! Ur so cool now. |
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People in glass houses....
"always HODLING"
ur point? Could you not work out my point? What do you expect from people who type "ur". |
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I am pretty confident that crashes are a transfer of coins from weak hands to strong hands
People are saying this since day 1. And there are just as many, if not more, weak hands as day one. Maybe we should stop saying it. ur not that bright, are u? Join my ignore list. Bye. |
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final crash on huobi incoming ?
Final crash of this hour? Why would it stop here? |
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I am pretty confident that crashes are a transfer of coins from weak hands to strong hands
People are saying this since day 1. And there are just as many, if not more, weak hands as day one. Maybe we should stop saying it. |
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Been away for a week on holiday and managed not to be tempted to look at the BTC price for a week. Is there anything in particular that has us wallowing sub $500? Ive tried to catch up on the news but can't seem to find anything particularly bad  A rumour. Just a rumour. That's all it takes to drop 100's. |
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Ah a huge dump. What else would one do when hearing good news.
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So my guess what will happen if it's confirmed fake.
We went down well over 100 dollars because of a rumour. All that panic selling means that it China is considered very important for Bitcoin. If it turns out to be fake news that would be huge (sarcasm. People won't give a shit unless it's bad news). I predict a price rise to 530 (of course not nearly as much as what the idiots sold) at which point someone will dump and people will totally completely panic and sell back to 500. That's where they will wait for the next rumour or fake news so they can panic sell to 400.
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I don't get it? If the rumous is true the price goes up?
sure, if the rumours are true the price goes up, you do get it. If the China ban is confirmed the price goes up? Sorry, but i must be reading something wrong. there are new rumours about. the latest rumour is the ban was fake. scroll up the page. Oh damn, the way i was reading this "PBoC has just confirmed that it was not the source of the latest ban FUD. This comes from reliable Chinese news soure Weigo-Xiuxiu Nau" is that the news actually came from a reliable source. My bad, sorry. |
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I don't get it? If the rumous is true the price goes up?
sure, if the rumours are true the price goes up, you do get it. If the China ban is confirmed the price goes up? Sorry, but i must be reading something wrong. |
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PBoC has just confirmed that it was not the source of the latest ban FUD. This comes from reliable Chinese news soure Weigo-Xiuxiu Nau. Props to Proudhon for the tip.  Does this mean that we should buy, now? we're no t going lower? well thats what Ive been saying, the bulls have the upper edge to any scenario. this could take a real hike if it is true. I don't get it? If the rumour is true the price goes up? |
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A weekend dip to 480 by Saturday night, not even seriously testing $466 resistance. We are on the way back up. An official denial of the rumor by the PBoC (should that happen) should take us to $540 in the short run, close to $600 eventually provided no new disasters surface.
I estimate this China ban is 90% priced in since rumors started four months ago, so even if it turns out to be true, the down side is much smaller than the potential upside if again it proves to be false. This is a good time to buy a small amount, IMHO.
Probability the story is fake or just plain wrong I estimate to be 51%, based on no confirmations yet by anybody, despite a market plunge and four days of looking.
Once again, I was too early. We were all expecting this test of support, so my gut was right and my second guess was wrong. There may even be a test of $400 support if $466 doesn't hold. Now we get to see who's smarter than me and waited to buy. So my finger has been on the buy trigger for about the last hour and a half while the price has been floating between $470 and 480.. but the price seems to be inching downward.. ... I am remaining a bit anxious and usually I can relax a bit.. once I have bought.. but according to you... maybe buy at $467 and then maybe again at $402.. if it gets there... I don't know shit but my feeling says we're going down WAY more. Simply because there is no reason to stop going down. Whales push us down, sheep panic sell, bears cry about cheap coins. Whatever the price is it must always go lower because lower is cheaper. |
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There is no guarantee it will go back up again.
You missed the news: when the descending triangle breaks the third ascending Elliot Wave confirming the exponential trend line corresponding to Mynott's adoption curve then all the institutional money (which has been placed off the exchanges in 'dark orders' with illuminati miners) will enter the market guaranteeing the price to climb to USD$100K. Or something like that. No clue how i missed that. |
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Buy on fear. Always. Bought as much as I could  So you've been buying non stop the last few months? How much did you lose? its only temporarily at a loss .. unless you wuss out and realize the loss and sodl  There is no guarantee it will go back up again. |
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Buy on fear. Always. Bought as much as I could So you've been buying non stop the last few months? How much did you lose? |
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it's a fake breakout, especially at this time of day/week, it's lost momentum.
resuming long, risk is temporarily over. happy to make a penny out of the drop.
looking to short on a break of 465 however.
At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180. |
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So when Gox goes down everybody sells on Bitstamp. When China goes down everybody sells on Bitstamp.
Are Bitcoin traders the biggest idiots on the internet or what?
When China is gone i bet they will find another failing exchange to follow so they can panic sell every day.
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