Guys the trading isn't going so well anymore. I'm quitting again, probably permanently this time. I can't predict crap anymore, I can't tell what the hell is going on with these Chinese exchanges which I thought should have been irrelevant by now, the fees are too high, the liquidity is too low, I can't use stops properly, and I can't even trust the exchanges. Also I can't even post in this forum without eliciting negative responses everyone when I'm only trying to contribute.
Also just like when I traded bitcoin years ago it's giving me terrible anxiety, sleep deprivation, health effects, and reducing my job performance. So I'm cutting my losses early this time.
I'm dividing my remaining coins up 30% fiat and 70% btc and withdrawing again, because I spent all the fiat from last time so I'm too heavily weighted in bitcoin. This way, I can have peace of mind in order to do another full btc information blackout.
See you guys again when I check the price again in 6 months or a year or so. In the meantime if you want to see me, you can find me at a 2/5 or 5/10 holdem table where at least I can have fun while I'm gambling.
Bitcoin has changed dude.
It aint all computer nerds anymore....but Pro Traders, who buy wholesale prices, and sell retail prices.
A trader whom I subsribe to has been going on all week about pending correction in BTC for various reasons, not least of all the expiration of the OKCoin 3 Month Futures contract on 25th Dec....check my post history, I have telegraphed this a few times.
As for the Chinese exchanges....Bitcoin is being driven by the Chinese (or at least operators behind the CNY exchanges) and the fact that now, for the first time in a long time, the USD exchanges are trading at a premium over CNY exchanges, should be giving any BTC bull cause for concern. Other than that, I would say that the CNY exchanges behave way more rationally than the Western exchanges, which are followers, and which behave erratically.