tokeweed (OP)
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January 16, 2016, 08:50:57 AM Last edit: January 16, 2016, 09:02:03 AM by tokeweed |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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kwukduck
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January 16, 2016, 09:20:52 AM |
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Always go back to fundamentals. How are they? Currently very bad, not supporting a rally.
When problems get addressed we can move on up again. Let's hope sentiment hasn't killed it by then.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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kerrang
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January 16, 2016, 09:26:36 AM |
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china whales don't have interest for pumping anytime soon as china's biggest holiday is around the corner.
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OmegaStarScream
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January 16, 2016, 09:43:24 AM |
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So if it's china like you say , how the price decrease came with both Cryptsy getting hacked and Mike hearn bullshit ? or they did it on purpose ? Anyway , If it's actually the case then there is nothing to be afraid of , it will come back on the next 30 days if not sooner .
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pleaseexplainagain
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January 16, 2016, 10:34:16 AM |
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So if it's china like you say , how the price decrease came with both Cryptsy getting hacked and Mike hearn bullshit ? or they did it on purpose ? Anyway , If it's actually the case then there is nothing to be afraid of , it will come back on the next 30 days if not sooner .
yes they have been very successful pumpers - they got the price up from abut $300 to $450 very quickly so why would they not do it again? And begin reasonably soon - yes within 30 days would also be very likely. Bitcoin might go much lower but if you buy small quantities now daily your av price might for them be say $320? within 30 days. So if they can repeat the trick of a $400 plus price in 2-3 months you will do handsomely (ie make 25%.)
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Amph
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January 16, 2016, 10:55:37 AM |
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china whales don't have interest for pumping anytime soon as china's biggest holiday is around the corner.
ehm you're forgetting that china whales are = miners, so yes they have enough interest to pump it every big farm out there is sittimg on 100k+ bitcoin at very least, because they can earn something like 100+ btc daily, in one eyar this already 36k, and they have not started mining this year you know..
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Tzupy
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January 16, 2016, 11:01:15 AM |
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No, this massive drop is part of a complex correction, which IMO is not over. I am expecting certain rebounds, but certainly not a new rally, and the market to make lower lows during the next 30 days.
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Sometimes, if it looks too bullish, it's actually bearish
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MatTheCat
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January 16, 2016, 11:26:21 AM |
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No, this massive drop is part of a complex correction, which IMO is not over. I am expecting certain rebounds, but certainly not a new rally, and the market to make lower lows during the next 30 days.
First of all, The top zones right through 2015, which was also consolidated upon through Nov 2015 ($310-$330), should now prove very strong resistance. However, take the move from $460 - $350 ($110 dollars people!!), take the highest point of bounce, currently $380, but lets say $400 over the course of the next few days (providing yet more downtime aint impending), then project another $110 downside from $400.......this would be totally typical harmonic price action for Bitcoin to follow. We can see these harmonics all over the place in Bitcoin, bullish and bearish trends alike. Anyhow, if that played out, then that would make $290 Bitcoin. $285 Bitcoin, would see a 61.8% retrace (Stamp) of entire move from $150 - $500.
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uki
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January 16, 2016, 11:44:22 AM |
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Always go back to fundamentals. How are they? Currently very bad, not supporting a rally.
When problems get addressed we can move on up again. Let's hope sentiment hasn't killed it by then.
the fundamentals are neither bad nor good. That means for now there are no good arguments neither for an increase nor for the decrease. And that is exactly what is happening. Pumpers are still accumulating dry powder to have enough ammo, once the halving gets closer. On the other hand bear trend has been ended in 2015, and now all the bears can count for is a correction. That is happening right now, but it shouldn't last long, as there is quite a lot of supports from here to $350.
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Dr.Osh
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January 16, 2016, 12:00:12 PM |
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yes, and I think they will make the price of bitcoin rose to $ 600, they could not say anything to see this happen, because so many users bitcoin originating from China, even the china in my area also use bitcoin, because I know someone from their
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lexuz
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January 16, 2016, 01:49:46 PM |
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i dont think so because now is closer to chinese new year, i've prediction price will dump again but it will not for long time, after chinese new year price will slowly up.
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mayax
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January 16, 2016, 03:28:39 PM |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
they may do it. it's easy to put the bots to work. all the exchangers are doing that. fake volumes, fake transactions...
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~Bitcoin~
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January 16, 2016, 04:14:29 PM |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I think 30 day timeframe will be accurate for bitcoin to come back to 400 up but it can happen with or without chinese pumpers nobody knows.
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LFC_Bitcoin
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January 16, 2016, 04:26:09 PM |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I hope so but literally have no idea which way the market will move next. There isn't really any clear indication to say either way.
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tokeweed (OP)
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January 16, 2016, 06:48:25 PM |
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Added another option to the poll. 'Maybe'.
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zby
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January 16, 2016, 07:24:29 PM |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I agree that we are in Chinese hands. I think that the MMM pyramid was the greatest factor in the pump - I would like to hear from some Chinese users if MMM China is already saturated or not.
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talks_cheep
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January 17, 2016, 03:12:59 AM |
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China was responsible for the current pump but was unable to rally enough people to join them and move beyond 500 in USD terms.
The question is, will they return and pump it up again in the next 30 days?
I agree that we are in Chinese hands. I think that the MMM pyramid was the greatest factor in the pump - I would like to hear from some Chinese users if MMM China is already saturated or not. You're joking, right??? China men/women/children do NOT fall for ponzi schemes like MMM. They too smart for that kind of shenanigans.
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The Sceptical Chymist
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January 17, 2016, 03:24:37 AM |
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We're close to the Chinese New Year, so who knows what the fuck can happen?
Is that about the size of it? I have no clue whatsoever whether China or anyone else is going to produce a rally. It seems like the bitcoin market is moved by small things, apparently. Mike Hearn's statement. Cryptsy going kablooey. Why would China suddenly have a reason to push the price up?
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Pab
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January 17, 2016, 03:28:38 AM |
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I think next step will be 650$,wha,maybe first will Dash,LtC pump But that speculative move down is showing up Chinise are buying at that level
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r3t4rD4life
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January 17, 2016, 08:19:11 AM |
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Be cautious of the Chinese New Year. If the Chinese truly are in control, they will probably cash out right before the New Year in order to avoid having to monitor a volatile asset while they are out getting shit faced.
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