windjc
Legendary
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Activity: 2156
Merit: 1070
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May 01, 2014, 05:13:16 AM |
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Has this 40K btc purchased news actually been confirmed by anyone as legitimate? I saw it linked on some Chinese site. Perhaps it's a Chinese pump before their next dump.
This purchase could technically happen 300 times. But who is to say it will happen even one more time? It takes more than just some occasional institutional investor to cause a reversal - there needs to be a trend of new people getting interested and actually wanting to use the technology, or a new market.
The daily chart is trumped by the weekly ema downcross. All the little patterns and indicators you are looking at will just get erased with a random giant red candle out of nowhere.
yeah it was confirmed. how could it happen 300 times? that's wishful thinking. 300 market orders? or shall they put up a 5 million BTC buy wall on bitstamp? I am using the daily chart. and I wish that you could guarantee that my 'little patterns' will be wiped out, but you cant. what we are seeing now believe is the market preparing for July, when for the first time legit exchanges will be opening in America. we will see all the legit money that's been held back, and perhaps china follow the lead of the USA as expected. For such a "TA" guy, you are nothing but a cheerleader. |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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May 01, 2014, 05:14:51 AM |
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Does anybody doubt that there aren't at least some exchange owners trading on their own exchanges using insider information and dummy accounts? Didn't the fall of Gox teach us anything? The safest time to buy is when your information is the same or the closest to the same as the big players. That time is not now for the vast majority of us.
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TERA
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May 01, 2014, 05:15:37 AM |
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It's easy to feel bullish when we're right up next to the trendline isn't it. The smart money holds back from selling to give the illusion of a reversal and milks as much bullishness out of you as possible. Then when there is news or the slightest sign that the trap is exhausted, the make a giant dump all at once.
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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May 01, 2014, 05:16:14 AM |
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Has this 40K btc purchased news actually been confirmed by anyone as legitimate? I saw it linked on some Chinese site. Perhaps it's a Chinese pump before their next dump.
This purchase could technically happen 300 times. But who is to say it will happen even one more time? It takes more than just some occasional institutional investor to cause a reversal - there needs to be a trend of new people getting interested and actually wanting to use the technology, or a new market.
The daily chart is trumped by the weekly ema downcross. All the little patterns and indicators you are looking at will just get erased with a random giant red candle out of nowhere.
yeah it was confirmed. how could it happen 300 times? that's wishful thinking. 300 market orders? or shall they put up a 5 million BTC buy wall on bitstamp? I am using the daily chart. and I wish that you could guarantee that my 'little patterns' will be wiped out, but you cant. what we are seeing now believe is the market preparing for July, when for the first time legit exchanges will be opening in America. we will see all the legit money that's been held back, and perhaps china follow the lead of the USA as expected. For such a "TA" guy, you are nothing but a cheerleader. you sold at 430. I bought at 430. you lose. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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May 01, 2014, 05:18:22 AM |
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 The downtrend line and the 61.8% Fib retracement are going to meet around 2900-2925. Lets see what Houbi can do this time.  |
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Mythul
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May 01, 2014, 05:19:01 AM |
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So 10 may is the new China ban day ? I have to agree, the chinese are smarter than I thought, shacking all the western weak hands to buy discounted bitcoins.
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JorgeStolfi
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May 01, 2014, 05:19:11 AM |
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New update from OKCoin (2014-05-01 08:46:08) RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."
Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured. Where was this posted? (Is it indeed from OKCoin?) |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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May 01, 2014, 05:19:39 AM |
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A Gambling company. Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.
I said Gaming, not Gambling. Yes, your attempt at spin is obvious. |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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May 01, 2014, 05:22:32 AM |
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A Gambling company. Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.
I said Gaming, not Gambling. Yes, your attempt at spin is obvious. hmmm not sure whats your point. a gaming company buying bitcoin is uber bullish. the innovators have foreseen that this would be one of the first applications in the real world. ithe next wave is beginning. |
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y3804
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May 01, 2014, 05:23:05 AM |
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New update from OKCoin (2014-05-01 08:46:08) RE: CCB "Declaration on the Prohibition of the use of my bank account for Bitcoin transactions."
Hello, my colleagues have been responsible for the company and related verified. No problem, our account hasn't been cancelled. Please rest assured. Where was this posted? (Is it indeed from OKCoin?) |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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May 01, 2014, 05:23:11 AM |
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A Gambling company. Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.
I said Gaming, not Gambling. Yes, your attempt at spin is obvious. Just watch. On the next huge dump on Houbi, Chessnut is going to come on here and tell us how he went short right before. Lol. |
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edwardspitz
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May 01, 2014, 05:27:16 AM |
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Has this 40K btc purchased news actually been confirmed by anyone as legitimate? I saw it linked on some Chinese site. Perhaps it's a Chinese pump before their next dump.
This purchase could technically happen 300 times. But who is to say it will happen even one more time? It takes more than just some occasional institutional investor to cause a reversal - there needs to be a trend of new people getting interested and actually wanting to use the technology, or a new market.
The daily chart is trumped by the weekly ema downcross. All the little patterns and indicators you are looking at will just get erased with a random giant red candle out of nowhere.
yeah it was confirmed. how could it happen 300 times? that's wishful thinking. 300 market orders? or shall they put up a 5 million BTC buy wall on bitstamp? I am using the daily chart. and I wish that you could guarantee that my 'little patterns' will be wiped out, but you cant. what we are seeing now believe is the market preparing for July, when for the first time legit exchanges will be opening in America. we will see all the legit money that's been held back, and perhaps china follow the lead of the USA as expected. I'm afraid that China will not follow anything at that point, because I believe that real Chinese Exchanges will be a thing of the past at that point. The current Chinese exchanges made it too easy for common chinese people to obtain, use and invest in bitcoin. The Chinese government does not want that. I don't think they will ban bitcoin all together, they just seriously do not want the common people to get involved with bitcoin. They won't ban it per se for several reasons. First it will be seen as a backward move. Second they have industry (miners and hardware/chips manufacturers) that they want to survive and profit from bitcoin. Maybe they also want someone to profit from Bitcoin speculation, just not the common man. I think the writing is on the wall. Their policy is a major setback for bitcoin adoption in China. I am still hoping that Bitcoin will be powerful enough to pull through, but it is not looking good at the moment in my opinion. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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May 01, 2014, 05:28:17 AM |
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A Gambling company. Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.
I said Gaming, not Gambling. Yes, your attempt at spin is obvious. hmmm not sure whats your point. a gaming company buying bitcoin is uber bullish. the innovators have foreseen that this would be one of the first applications in the real world. ithe next wave is beginning. I am not denying that gambling is an excellent use case for Bitcoin. I am saying that casino operators aren't any better at market timing than anyone else. |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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May 01, 2014, 05:28:44 AM |
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A Gambling company. Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.
I said Gaming, not Gambling. Yes, your attempt at spin is obvious. hmmm not sure whats your point. a gaming company buying bitcoin is uber bullish. the innovators have foreseen that this would be one of the first applications in the real world. ithe next wave is beginning. I am not denying that gambling is an excellent use case for Bitcoin. I am saying that casino operators aren't any better at market timing than anyone else. I said GAMING. |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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May 01, 2014, 05:30:04 AM |
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I have noticed that some people on here are making a big deal about the last 3 1/2 days of green candles and how Houbi is muscling through dumps and bad news and how its so different now.
But compared to that last rally from 2200? This one seems enemic. That rally had power. It went up 60%+ in a handful of days.
This one is eating through a couple of sell offs and meandering sluggishly up to the upper new trendline that is more steep than the one before it.
Color me unimpressed so far.
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TERA
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May 01, 2014, 05:30:43 AM |
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 We're not even in the lower channel yet. We just had a bounce off of the barrier, because the seller did not want to break it yet. Look how the lowest point had a low volume relative to the initial push down, because the seller was in control. |
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JorgeStolfi
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May 01, 2014, 05:33:39 AM |
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Thanks! But the Google Translate output is confusing; I cannot tell whether it is about OKCoin's bank account, or a customer worried that his personal bank account could be closed for having used it to deposit into OKCoin. If you read Chinese, can you confirm that the question and answer refer to OKCoin's account? |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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May 01, 2014, 05:36:04 AM |
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Ive got a chart too  any surprises a head and shoulder on two major trend lines, one turned support? |
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TERA
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May 01, 2014, 05:38:46 AM |
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Ive got a chart too any surprises a head and shoulder on two major trend lines, one turned support? You're using a linear chart. I told you guys there would be a trap with a breakout on linear chart but resistance by logarithmic chart. |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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May 01, 2014, 05:41:30 AM |
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Ive got a chart too any surprises a head and shoulder on two major trend lines, one turned support? You're using a linear chart. I told you guys there would be a trap with a breakout on linear chart but resistance by logarithmic chart. you went bullish when it broke the huobi logarithmic wedge. |
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