Good morning Bitcoinland. I see we had a little dip last night, all the way down to where we were last week.  Still not what I'd consider a buyable dip but low enough to replace what I spent on the weekend to buy $150 worth of CAD at a vending machine for beer money for the ballpark. Not worth making a separate trip though. I'll just stop in on my way to the SkyDome tonight. Hopefully the price won't rise too sharply before then. Definitely an indicator of where we're heading and what direction. Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas. |
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I can confirm that moon patterns have always been an unreliable indicator in TA analysis data. I've studied it extensively for years. The current patterns, as always, indicate long term down trend as confirmed by all Russian and Chinese databases of data.
so far your so called down trend has led us to $650 and above and bitcoin price has been rising ever since. and in the meantime i only keep hearing all these things that never come true in the long term and price only rises. Nope. Just look at the confirmed chart analysis data from official sources. Bitcoin has many historical down trends and they will keep coming, especially now that capital investment is slowing and all of the current problems make it clear that bitcoin cannot work. As more and more people come to know these actual facts, based on confirmed data, the price will continue downward to historical analysis lows. Just look at the Chinese data. It's clear and confirmed. |
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If you want to have any gains from bitcoin or avoid further losses, then you should sell all your bitcoins now. We are in a clearly confirmed long term downtrend toward historical analysis lows based on all confirmed forum data and databases confirmed by all government sources. These are just the facts.
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Bitcoin cannot rise up to 800$ this year. It's impossible based on available data from official Chinese exchange sources based on government analysis data. Bitcoin is confirmed to be in a long term down trend toward lows.
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I can confirm that moon patterns have always been an unreliable indicator in TA analysis data. I've studied it extensively for years. The current patterns, as always, indicate long term down trend as confirmed by all Russian and Chinese databases of data.
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We're at 420-425 today. We all know it's going back down to 410 soon. The question is when?
I am not even sure if the price is going to drop back to $400 because we have passed that a long time ago and the price is now stable at around $600. It would be good to go back to $400 so that I could buy some more coins. Based on all the confirmed data, the price will clearly be heading below $400. |
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OP is right, I can confirm, all indicators on the technical analysis charts from China and other places indicate clearly down trend to the bottom. Might stabilize near $100 for a short time before heading further down as clearly confirmed and indicated by all available data. This is bad! Confirmed!
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I remember Proudhon doing the counter and got laughed away into oblivion  Nope, still here. Can confirm.  |
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soon we will see a breakout of the 200-300 $ range
Yeah, feels like pressure is mounting. |
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I voted $400-$500. My vote was based on putting my mouse over the options, closing my eyes, moving the mouse up and down for a few seconds, and then clicking. Take my analysis for what it's worth.
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God almighty, this place is exactly like it was in 2010.
2011 2012 |
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God almighty, this place is exactly like it was in 2010.
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The last rally was set by chinese investors. When china banned btc last year, it started the btc decline that has lasted a year. There won't magically be another rally out of nowhere just because there has passed 1 year. Like most of you deluded people think; "it's been a year soon since the first big crash, surely a new rally is around the corner". NO. Unless China drops all BANS on BTC, BTC will stay in the shadow of its former glory. And the other altcoins are pretty much dead with absolutely no chance of resurrection.
Yes, I admit I invested around a little less than 7Kdollars and basically lost it all but it doesn't really affect my conclusion
Maybe not. It's impossible to know. I do like to keep an eye on the frequency of posts/topics like this and sort of unscientifically judge whether they're on the rise or not, and if so, I take that as a sign to buy. It's worked more than not. But, honestly, I have no fucking clue what I'm doing. |
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My guess is that this is mostly from big boys creating entrance points prior to ETFs.
Hey proudhon, are you currently a bear a bull or a proudhon?  It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow. Long term I'm bullish. Short term, I haven't a clue what the coming weeks will look like. |
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My guess is that this is mostly from big boys creating entrance points prior to ETFs.
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I'm not even using this term figuratively. Most people here seem to be literal idiots. Not only do they type like idiots, but they also make claims without basis. "It will fall now, sell now" "It will go to moon, weak hands" "Bitcoin is kill  " ^^^ WTF seriously? Everytime you make any claim about price. Not "I think", but "It WILL" you HAVE to provide arguments WHY. Provide exact calculation by which the Bitcoin should go to 100, 300, 1000, 10000. If you don't do this you are a very stupid human being and should kill yourself. Also, if you cannot sleep over the price changes and need to check daily, then it means you are so stupid you risked a big proportion of your income on a speculative asset. In which case I think you should kill yourself. Someone had to say this. Just about everything posted in spec is meant to impact traders' behavior in one direction or another. |
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I think capitulation is now near in time, but not necessarily near in price.
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God, where have I seen this all before...?
The best thing about it? Bitfinex is actually built on Bitcoinica code, although I hear they changed a whole lot of it. LOL! |
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