gizmoh
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April 16, 2014, 11:18:34 AM |
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Would that not mean that their 200k stash will be sold at market and USD paid to account holders? I am sending an email to the liquidator informing him the New Biggest exchanger is now Bitstamp, its where all the Bitcoin millionaire, bulls and enthusiast will buy ALL the 200k coins for the best possible price..
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ShroomsKit
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April 16, 2014, 11:18:43 AM |
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The correction has only started. give it a few hours, Ask will start to pile in as they realize that this rally is done.
Is this a fact? We are sub 500 , its a fact . At what point are you buying back in?
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niothor
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:21:16 AM |
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Everybody should panic....bitcoinwisdom , bitstamp , btc-e and huobi all down. Wait....it was my isp fault ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ))) But still ...it'a sign to sell!!!!!
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ShroomsKit
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:21:41 AM |
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Haha watch the idiots who just panic sold panic buying right now. I bet it was an expensive lesson for many. Did they learn from this? No, they will do it again and again.
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dreamspark
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:23:56 AM |
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Huobis a scary place when it goes quiet.
I guarantee a lot of people lost money this morning.
Im not sure if anyone has any idea whether this is going up or down but with just a $40 drop on this 'news' it makes it less likely that China news is going to see us retesting those previous lows...
It's probably going to be more than $40 eventually. Wait till 4H MACDs go down. We'll see, just as likely this all continues and it ends up being called an epic bear trap. Price is way overdue for correction with or without news a drop to at least $450 some time in the next week is likely. I dont think thats likely just because were overbought the only thing taking it there is more out of China, thats the only thing stopping this recovering even more. The bull run this morning would have continued absent China. We'll see but its only China taking it there.
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cech4204a
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:24:25 AM |
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Haha watch the idiots who just panic sold panic buying right now. I bet it was an expensive lesson for many. Did they learn from this? No, they will do it again and again.
Until they lose all, exactly, than new will come and here we go again..
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ShroomsKit
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:24:57 AM |
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Everybody should panic....bitcoinwisdom , bitstamp , btc-e and huobi all down. Wait....it was my isp fault ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ))) But still ...it'a sign to sell!!!!! Thanks. I just sold.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 16, 2014, 11:31:18 AM |
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Momentum of this 3 day rally is now stopped, back to sideways movement and profit taking dragging price in the upper 400's.
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Hunyadi
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Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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April 16, 2014, 11:31:32 AM |
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Actually, 500's seems quite solid. There could have been lots of panic selling because of the rumor and MtGox-news. The drop was also a healthy correction. It looks quite good. Choo choo.
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magicmexican
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:31:37 AM |
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There is no "latest news"
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MatTheCat
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:32:34 AM |
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I've thought over my trading history and realize 80%-90% if my profits are all made during new-ATH rallies and the huge crashes afterwards. I perform very poorly during bear markets and consolidations, and make bank during the rally/crash conditions, doubling my coins exponentially every week. So I should probably just make a resolution to only trade during those short 2-3 month time periods and then leave whenever there is a bear market. Maybe I use the 1W MACD to determine this.
Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014. Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom. Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?
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ShroomsKit
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:34:54 AM |
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Momentum of this 3 day rally is now stopped, back to sideways movement and profit taking dragging price in the upper 400's.
Another fact?
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anu
Legendary
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Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
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April 16, 2014, 11:35:00 AM |
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There is no "latest news"
Thats no reason not to flash crash. With market participants like this, anything is possible. If tomorrow there were news coming out: Amazon and Ebay to accept Bitcoin exclusively I'd expect a flash crash at first.
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niothor
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:35:58 AM |
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Momentum of this 3 day rally is now stopped, back to sideways movement and profit taking dragging price in the upper 400's.
I wouldn't bet a single satoshi on this. Market is so f up now and we can go back to 550 in no time.
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Hunyadi
Legendary
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Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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April 16, 2014, 11:37:50 AM |
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I've thought over my trading history and realize 80%-90% if my profits are all made during new-ATH rallies and the huge crashes afterwards. I perform very poorly during bear markets and consolidations, and make bank during the rally/crash conditions, doubling my coins exponentially every week. So I should probably just make a resolution to only trade during those short 2-3 month time periods and then leave whenever there is a bear market. Maybe I use the 1W MACD to determine this.
Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014. Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom. Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it? Ummm...the bear market is over.
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TERA
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:38:30 AM |
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I've thought over my trading history and realize 80%-90% if my profits are all made during new-ATH rallies and the huge crashes afterwards. I perform very poorly during bear markets and consolidations, and make bank during the rally/crash conditions, doubling my coins exponentially every week. So I should probably just make a resolution to only trade during those short 2-3 month time periods and then leave whenever there is a bear market. Maybe I use the 1W MACD to determine this.
Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014. Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom. Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it? They asked you for 'proof', or they asked they asked you to make a simple statement on a KYC form?
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rudius
Member
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April 16, 2014, 11:42:03 AM |
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Huobis a scary place when it goes quiet.
I guarantee a lot of people lost money this morning.
Im not sure if anyone has any idea whether this is going up or down but with just a $40 drop on this 'news' it makes it less likely that China news is going to see us retesting those previous lows...
It's probably going to be more than $40 eventually. Wait till 4H MACDs go down. We'll see, just as likely this all continues and it ends up being called an epic bear trap. Price is way overdue for correction with or without news a drop to at least $450 some time in the next week is likely. Of course, there will be, but not untill those shorts are squeezed. There is a reason why chinese people dont let the price pulls back on correction. they just try to keep the price on top to absorb. That would be bad trading if it werent for a bear hunt. And i m sure there is a lot more of them after this news.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 16, 2014, 11:42:45 AM |
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Momentum of this 3 day rally is now stopped, back to sideways movement and profit taking dragging price in the upper 400's.
Another fact? Its a Speculation.. 1000 btc to 500
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 16, 2014, 11:46:08 AM |
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I've thought over my trading history and realize 80%-90% if my profits are all made during new-ATH rallies and the huge crashes afterwards. I perform very poorly during bear markets and consolidations, and make bank during the rally/crash conditions, doubling my coins exponentially every week. So I should probably just make a resolution to only trade during those short 2-3 month time periods and then leave whenever there is a bear market. Maybe I use the 1W MACD to determine this.
Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014. Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom. Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it? They asked you for 'proof', or they asked they asked you to make a simple statement on a KYC form? I had to answer 12 questions very recently. These are interestingly intrusive questions : 5. What is your company's business activity? Please provide a detailed description of company activity, what service you provide, who your typical customers are, what type of payments you accept and how your services are priced. 6. Is your business regulated for AML? If so, what is your specific policy? Specifically, how do you perform KYC for your customers? Please provide as many details of your AML policy as possible. 7. What is the purpose of your trading on Bitstamp? Please describe in as much detail as possible how you intend to use your trading account. Please also help us understand how the funds which will be sent to your Bitstamp account were acquired.
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ShroomsKit
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 16, 2014, 11:46:37 AM |
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Momentum of this 3 day rally is now stopped, back to sideways movement and profit taking dragging price in the upper 400's.
Another fact? Its a Speculation.. 1000 btc to 500 Ok, no fact then. Yeah i was kinda confused since you present everything as a fact. I thought maybe you can see the future or something.
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