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MatTheCat (OP)
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May 27, 2016, 01:59:08 AM |
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Well....totally misjudged that.
Had a short from $452, but exited at $454, literally seconds before big massive pump!
But like every other time I have missed the pump, no fkn way am I chasing that FOMO motherfucking short squeezing space rocket.
lol, this is the best, bar none, thread for the lulz! I tend to get 'fans' on here only when I am wrong. Only r0ach feels the need to poke his nose in here, when I am right and even then, if I am correct on the short side, it is always due to some Chinese manipulators etc etc etc...(like this pump isn't entirely to do with Chinese Manipulators....CNY leads by a mile, pump happened at Shanghai Opening etc) Go through the thread...look at the trade ideas....about 60% were on the money. Most recent was my most spectacularly wrong.....but no TA could have predicted that pump, and in the end, I got out just $2 further up the charts than what I got in. I can live with that:  Only people who got to ride that pump where 'believers', and believers will still be believing when 'they' start dumping..... Daily MAs have crossed bullish again....so I will switch bias back to hunting longs when the dust settles:  |
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MatTheCat (OP)
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May 27, 2016, 02:02:11 AM |
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Halving is less than 45 days from now. When are you going to buy in? At $600?
If BTC goes up in one great big green dildo all the way to $600, then so be it. I will have missed the pump. I will never chase price in either direction. |
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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May 27, 2016, 02:03:45 AM |
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I'm going in big when it can pass $480, until then I'm looking for another dump. Passing $470 resistance has resulted in huge dumps for many months now.
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MatTheCat (OP)
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May 27, 2016, 02:08:11 AM |
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I'm going in big when it can pass $480, until then I'm looking for another dump. Passing $470 resistance has resulted in huge dumps for many months now.
Huobi has broken through their resistance zone.... .....but perhaps worth bearing in mind that CNY exchanges are likely hugely fraudulent devices, used primarily as a means of pulling USD exchanges around.... CNY price is even higher than 3 Month Futures on OKCoin right now...and that just shouldnt be. Will see what sort of state this is in in the morning......fkn 3am here......just sitting in a state of shock.....did not see this massive pump coming at all.....thank fuck I decided to get out at 11th hour...allowing my Stop to get hit here would have been a sore one, and would have totally undone my earlier good trades......would have been totally demoralising...instead...I am just a bit pissed off. |
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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May 27, 2016, 02:18:28 AM |
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Huobi $482, others almost $20 behind - interesting. Volume is very low, sure doesn't look like the start of a pump to me.
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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May 27, 2016, 02:35:05 AM |
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lol bitfinex is basically out of coins to sell, maybe just slap another 0 on the end of the price and call it a day.
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MatTheCat (OP)
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May 27, 2016, 02:38:46 AM |
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Huobi $482, others almost $20 behind - interesting. Volume is very low, sure doesn't look like the start of a pump to me.
Don't forget that is how the last pump went as well....... It doesn't matter how *real* it is or isn't, if you can buy BTC now at $470, and sell tomorrow at $520, then who gives a shit.... ....of course, I can't buy now, not at $480, nor at $490.....if this is the pump, then I am missing it. |
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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May 27, 2016, 02:44:32 AM |
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Halving is less than 45 days from now. When are you going to buy in? At $600?
If BTC goes up in one great big green dildo all the way to $600, then so be it. I will have missed the pump. I will never chase price in either direction. That's the best time to short because it won't stick. |
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Addition
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May 27, 2016, 03:01:22 AM
Last edit: May 27, 2016, 03:19:43 AM by Addition |
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Huobi $482, others almost $20 behind - interesting. Volume is very low, sure doesn't look like the start of a pump to me.
Don't forget that is how the last pump went as well....... It doesn't matter how *real* it is or isn't, if you can buy BTC now at $470, and sell tomorrow at $520, then who gives a shit.... ....of course, I can't buy now, not at $480, nor at $490.....if this is the pump, then I am missing it. Interesting and sudden uptick : ) Anything to do with CFTC announcement? http://www.coindesk.com/us-swap-platform-registration-cftc/http://www.cftc.gov/PressRoom/PressReleases/pr7375-16Not too sure, but I think this means investment banks can now acquire BTC-derivatives as part of portfolio? |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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May 27, 2016, 03:10:29 AM |
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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May 27, 2016, 03:29:00 AM |
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Probably wouldn't be a bad short, shit just can not pass $470s (ignoring Huobi with it's free exchange fees).
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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May 27, 2016, 03:38:23 AM |
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(ignoring Huobi with it's free exchange fees).
yeah, just keep ignoring huobi |
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chesthing
Legendary
Offline
Activity: 1414
Merit: 1000
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May 27, 2016, 03:43:46 AM |
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(ignoring Huobi with it's free exchange fees).
yeah, just keep ignoring huobi Since it was $20 past all other exchanges - yeah, ignore that fake shit. When Stamp hits $480 I'll pay attention. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 27, 2016, 03:51:11 AM |
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if matt shorted this, then its offical, we will see MUCH higher prices very soon.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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May 27, 2016, 04:03:13 AM |
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(ignoring Huobi with it's free exchange fees).
yeah, just keep ignoring huobi Since it was $20 past all other exchanges - yeah, ignore that fake shit. When Stamp hits $480 I'll pay attention. ... except it lead this run all the way. No wonder you're losing. |
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chesthing
Legendary
Offline
Activity: 1414
Merit: 1000
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May 27, 2016, 04:07:19 AM |
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(ignoring Huobi with it's free exchange fees).
yeah, just keep ignoring huobi Since it was $20 past all other exchanges - yeah, ignore that fake shit. When Stamp hits $480 I'll pay attention. ... except it lead this run all the way. No wonder you're losing. I'm not losing, I hold bitcoins - I'll be convinced and buy more when Stamp crosses $480. And Huobi no exchange fees = fake ass volume. |
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Chef Ramsay
Legendary
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Activity: 1568
Merit: 1001
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May 27, 2016, 04:10:42 AM |
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Oh baby, just got home and see we're on the move again. And damn, litecoin is that little engine that could. I'll drink to that!
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MatTheCat (OP)
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May 27, 2016, 10:32:50 AM |
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... except it lead this run all the way. No wonder you're losing.
He aint losing. Without having too much knowledge of how to read charts, I can vouch that he plays his cards pretty fucking damn well, and unlike most others around here, he won't be loaded up with Bitcoin, hoping n holding in vain when it's harvest time for the whales. (whales harvesting Bitcoin Nutters and Joe Public that is, not the other way around). He bought at $435. Advised me that 'the bottom' was in, and said he hoped that I had been smart enough to get in.......even if I was (I wasn't, cos I was tripping balls when BTC confirmed $435 low), I would have sold in $450s, and would have hunted shorts in $450s, which is something that I did of course do...... I took this trade early on Thursday. Very quickly, I started to not like it, as it seemed obvious that BTC was going to pop up higher (to around $460 or something I thought), so for the whole day, I sat with my target adjusted to break even ($451.xx when considering exchange fees), but crazily enough, BTC just wouldn't get down there. Just a few seconds prior to the onset of the pump, and way past my bedtime, I exited the trade at $454. I consider this one very lucky escape. |
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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May 27, 2016, 10:41:45 AM |
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Well....totally misjudged that.
Had a short from $452, but exited at $454, literally seconds before big massive pump!
But like every other time I have missed the pump, no fkn way am I chasing that FOMO motherfucking short squeezing space rocket.
lol, this is the best, bar none, thread for the lulz! I tend to get 'fans' on here only when I am wrong. Only r0ach feels the need to poke his nose in here, when I am right and even then, if I am correct on the short side, it is always due to some Chinese manipulators etc etc etc...(like this pump isn't entirely to do with Chinese Manipulators....CNY leads by a mile, pump happened at Shanghai Opening etc) Go through the thread...look at the trade ideas....about 60% were on the money. Most recent was my most spectacularly wrong.....but no TA could have predicted that pump, and in the end, I got out just $2 further up the charts than what I got in. I can live with that: Only people who got to ride that pump where 'believers', and believers will still be believing when 'they' start dumping..... Daily MAs have crossed bullish again....so I will switch bias back to hunting longs when the dust settles: hey hold on a minute! wasn't the whole point of this thread that you'd be wrong most of the time, so that we can do the opposite? I'm very disappointed |
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MatTheCat (OP)
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May 27, 2016, 11:52:30 AM |
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hey hold on a minute!
wasn't the whole point of this thread that you'd be wrong most of the time, so that we can do the opposite?
I'm very disappointed
Meh... I am sure I wont be able to resist the odd impulse short at the most inopportune of moments on this rise. |
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