You know the amount of time it takes to move new money to bitstamp.
You know when the price moved down.
You can expect new money to be attracted to the sale on bitcoins at bitstamp and when.
Bitcoin has been going down for months. Every time we crash i hear the same story how cheap coins will attract new people. Where are these people? |
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If we had any more confirmed bad news we would already know from the price, because the dump happens always 5+ hours before it goes public
Lovely, isn't it  |
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At 600 it's hoooly shit omg panic sell because of a maybe ban by China. At 500 it's np to own coins. Ban or not.
Now we have to wait for the next rumour or fake tweet and people will repeat the same ritual and we'll be at 400 and the idiot bears here will be crying how we need to hit 300 because of cheap coins. Or because they missed their waaaay too low buy order.
People are complete idiots.
I ask again. What will make these bears and panic sellers happy? 1 dollar coins? Because right now that's is exactly what you idiots are trying to achieve with this behaviour.
Yes i just woke up and i'm grumpy as hell.
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Anyone that's been around bitcoin for a while has seen this before, investors are patiently sitting on the sidelines waiting for the bears to run out. Anything other than that would be a poor strategy as bitcoin has a good history of repeating patterns, check the end of the fall from the rise in April  EDIT: August 2012 is probably a little closer to the current situation, not much in the difference though. When are these investors going to buy exactly? Maybe you noticed we have been going down for months. And what sane person would buy big amounts of coins right now knowing that one fake tweet or rumous is enough for the sheep to panic sell everything they got and make Bitcoin drop 50 dollars in a few minutes. And since this is actually happening about once a week i really doubt any serious person would buy right. They know that no amount of good news will make the price go up anymore. People will keep selling till it has become worthless if this stupidity continues. An amazing idea ruined by traders and idiots. |
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Why is everyone still following Huobi with their goddamn fake volume?
Trader at stamp:
"Oh look, Huobi is going down, I guess I have to click the sell button, fast!!!"
Yes, people are complete idiots. |
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if china go under 3000 again we will see some panic
Very exciting days for BTC traders; I can't wait for my fiat to arrive to buy some coins So we're at 500. Is everybody happy now? Does this feel better than at 600? At 600 there was a reason to completely panic and sells your coins and now at 500 everybody is like ok, this is perfect?
How does that work in the mind of a panic seller. I just don't get it.
Or do we need to get lower again. Because 500 is now expensive. At 200 there are cheap coins. Is that what people will say next? That they want cheap coins?
I understand what you mean but there is more support @ 500 than @ 600 in the market, doesn't that make sense?? And more support at 300. And guess what, i bet there is tons of support at $10. So lets keep dumping then? |
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So we're at 500. Is everybody happy now? Does this feel better than at 600? At 600 there was a reason to completely panic and sells your coins and now at 500 everybody is like ok, this is perfect?
How does that work in the mind of a panic seller. I just don't get it.
Or do we need to get lower again. Because 500 is now expensive. At 200 there are cheap coins. Is that what people will say next? That they want cheap coins?
I want an uptrend. So even for you it's getting too low. |
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So we're at 500. Is everybody happy now? Does this feel better than at 600? At 600 there was a reason to completely panic and sells your coins and now at 500 everybody is like ok, this is perfect?
How does that work in the mind of a panic seller. I just don't get it.
Or do we need to get lower again. Because 500 is now expensive. At 200 there are cheap coins. Is that what people will say next? That they want cheap coins?
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HOLLAR OUT TO ELLIOT WAVE ANALYSTS
y'all see a five wave decline terminated and a five wave rally on the smaller fractal (5min chart)? the volume makes perfect sense, all fourth waves are wedges, all fractals in tact. the next rally will either be a 3 or a five. the implications are critical. If panic has truly been resolved, the next rally will swiftly pass 540 and maybe 560.
3200 is critical on Huobi. if we break that level, it is highly bullish.
 So what excuse do you have that your TA hasn't made you a millionaire yet? All you people who believe in their own TA nonsense have one. What's yours? The PBOC China statement was an enuxpected event that had a binary outcome on the market. This has happened many times over history, an unexpected binary event. these events unfold in natural ways because they are not controlled or prepared for. Their nature is unpredictable, so I couldnt sell at the top, but EW analysis, the study of these naturally unfolding forces lead me to believe that we hit a bottom at 465 and I bough at 475. I dont need an excuse you stupid budgie. Im making big bucks right now on leverage. and whats your excuse? |
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HOLLAR OUT TO ELLIOT WAVE ANALYSTS
y'all see a five wave decline terminated and a five wave rally on the smaller fractal (5min chart)? the volume makes perfect sense, all fourth waves are wedges, all fractals in tact. the next rally will either be a 3 or a five. the implications are critical. If panic has truly been resolved, the next rally will swiftly pass 540 and maybe 560.
3200 is critical on Huobi. if we break that level, it is highly bullish.
So what excuse do you have that your TA hasn't made you a millionaire yet? All you people who believe in their own TA nonsense have one. What's yours? |
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For every SODL, there is more dirty fiat hiding and waiting to buy back. Really? Is that why the price has been going down for months? |
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I didnt sell @560 during the day because i thought market already reacted to the news, but apparently there is always bigger dump about 10 hours in after the news almost every goddamn time. How come its that easy every time? I leveled myself again thinking people would not be that stupid to oversell agains after the 1st insider dump, but nope.
Just keep this in mind: "People are that stupid". It's a golden rule when trading. |
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mmmm come on 400's!
Huh? Why would you want it to go to the 400's? |
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Man no the chinese shit again !  The panic selling i can live with. It's just that nobody buys back anymore. We just go down after every round of fake news and other bullshit and stay down. That's the problem. This has been going on for months now with no real reason other than manipulation and idiotic fear. It's annoying to know my coins are getting worth less every day because of this bullshit. |
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We're flirting with danger here.
For those who don't partake in cigars and hot towels on Risto's forum -- the resident analyst over there (who is uber-bullish) reckons if we break $541 then the market will flip into a sustained and painful bear phase.
While it's totally possible i don't see how he can predict the future any better than any other person here. |
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Why are people dumping again? Really, why?
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I'm catching up here. Is this what happened?
We were going up, someone spread some fake info, the sheep panic sold, info turns out to be fake, price stays down. Correct?
Another perspective: We we're going down, hit the minor 540 support into a dead cat bounce, then some sheep started panic buying because of all the latest 'hot news'. Now that the hype is over, we can resume the downtrend. I wasn't here too see what happened. I guess the answer is simple. Did the selling start when that China "news" came out? Amazing how there is so much good news and it does nothing to the price while any person can create a fake tweet or whatever to instantly make the price crash. The big dumping started on the news. However, the de-trending from the rally started this morning before the news. Ah ok. |
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I'm catching up here. Is this what happened?
We were going up, someone spread some fake info, the sheep panic sold, info turns out to be fake, price stays down. Correct?
Another perspective: We we're going down, hit the minor 540 support into a dead cat bounce, then some sheep started panic buying because of all the latest 'hot news'. Now that the hype is over, we can resume the downtrend. I wasn't here too see what happened. I guess the answer is simple. Did the selling start when that China "news" came out? Amazing how there is so much good news and it does nothing to the price while any person can create a fake tweet or whatever to instantly make the price crash. |
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I'm catching up here. Is this what happened?
We were going up, someone spread some fake info, the sheep panic sold, info turns out to be fake, price stays down. Correct?
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Clarity? How can using a dead language be more clear.
In living English one of the meanings of 'literally' is 'not literally'. I blame Jamie Oliver. He's so annoying. |
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