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Mad Scientist
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May 17, 2014, 11:21:02 PM |
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Interesting how the Bots have taken over the BTC trade nowadays. Too precise a rise and fall to be human. I'm guessing the Hedge Fund Managers and Bankers are taking/have taken control.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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edwardspitz
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May 17, 2014, 11:51:17 PM |
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Yes I was referring to btc price. If bulls don't seize opportunities when they arise, then surely price will go down. The good news doesn't seem to move the market, but I'm fairly sure that bad news will.
But the term "all the way" usually means 0 level.Do you really think we are going all the way down? Might have to label you a permabear also  . No I'm not that bearish I have been bearish since I started trading bitcoin. Looking back I have not had many reasons not to be bearish When did you start trading bitcoin? And did you come to bitcoin b/c of its volatility? I got involved late February. I heard about Bitcoin a long time before that, but even though I was intrigued I never really took the time to find out more about it. In February I was really into sentiment analysis using NLP (natural language processing) and I was considering writing a program for analyzing Bitcoin trader sentiment. I quickly came to the conclusion that it would be very hard to get anything meaningful from that (just look at this forum ), so I scrapped that project. But while I was investigating I got more interested in trading. After reading a book on the subject and studying the moves I decided to get more involved. The high volatility is definitely a plus, but also stressful at times. I'm currently swing trading, but I'm also looking for a position to go long, so that I can focus more on other projects. If Bitcoin get's into a longer period with low volatility I might take a break from trading or I might get into alts. |
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RandomPedestrianN9
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Activity: 84
Merit: 10
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May 17, 2014, 11:55:19 PM |
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Interesting how the Bots have taken over the BTC trade nowadays. Too precise a rise and fall to be human. I'm guessing the Hedge Fund Managers and Bankers are taking/have taken control.
Ssssh, Bitcoin fanatics will burn you for speaking the truth. Most trades are automated in the financial world but i agree that BTC is now stripped of small Joes, its basically bots trading the log downtrend line. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 18, 2014, 12:00:44 AM |
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JorgeStolfi
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May 18, 2014, 12:19:51 AM |
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Confirmed, Huobi's daily volume for Sat May/17 was 9.3 kBTC, the lowest on record since Nov/03 (when the price was 210$).
Bitstamp's daily volume was 2.3 kBTC, only a bit over Mar/15's 2.2 kBTC (were they down on that date?). Apart from that, it was the lowest volume since 1.9 kBTC on Aug/11, 2013 (when the price was 95$).
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TERA
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May 18, 2014, 12:24:23 AM |
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next 1 month: bearish/neutral
next 1-6 months: neutral
next 6 months-10 years: bullish
after 10 years: bearish.
Why do you think it will take so long time before we start to rise again? There's hype and good news everywhere Because all the hype and good news not moving the market is creepy and makes me think there is a dark force hiding in the market waiting to reveal itself. |
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TERA
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May 18, 2014, 12:27:12 AM |
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What are the 5 last things you paid for with BTC (without converting it to USD before the deal was done) and how long ago were these purchases made?
I attempted to buy food from survivalfood.com (but they stop accepting bitcoin) TigerDirect AmagiMetals (gold and silver) TigerDirect TigerDirect |
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JorgeStolfi
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May 18, 2014, 12:32:25 AM |
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There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.
On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range). Could it be on purpose? If truth is being hidden, it must be ugly...
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Davyd05
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May 18, 2014, 12:34:22 AM |
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There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.
On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range). Could it be on purpose? If truth is being hidden, it must be ugly...
Jorge your fear mongering is cute. |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 18, 2014, 01:00:44 AM |
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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May 18, 2014, 01:04:29 AM |
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Yes I was referring to btc price. If bulls don't seize opportunities when they arise, then surely price will go down. The good news doesn't seem to move the market, but I'm fairly sure that bad news will.
But the term "all the way" usually means 0 level.Do you really think we are going all the way down? Might have to label you a permabear also . No I'm not that bearish I have been bearish since I started trading bitcoin. Looking back I have not had many reasons not to be bearish When did you start trading bitcoin? And did you come to bitcoin b/c of its volatility? I got involved late February. I heard about Bitcoin a long time before that, but even though I was intrigued I never really took the time to find out more about it. In February I was really into sentiment analysis using NLP (natural language processing) and I was considering writing a program for analyzing Bitcoin trader sentiment. I quickly came to the conclusion that it would be very hard to get anything meaningful from that (just look at this forum ), so I scrapped that project. But while I was investigating I got more interested in trading. After reading a book on the subject and studying the moves I decided to get more involved. The high volatility is definitely a plus, but also stressful at times. I'm currently swing trading, but I'm also looking for a position to go long, so that I can focus more on other projects. If Bitcoin get's into a longer period with low volatility I might take a break from trading or I might get into alts. Each of us have our different reasons and our different time-lines for getting into BTC. I understand the sentiment about getting involved while BTC values are on a downtrend; however, I have been into BTC and its downtrend longer than you, since I got started in late November 2013. I have considered myself to be a BTC long term investor. So far, I have NOT considered my self a trader and very little have I attempted to profit from trading. Certainly the alts have seemed to have more volatility than BTC, and accordingly more potential for profits or losses based on such volatility - yet trading seems to be a losing prospect for anyone except for the big players or bots or those who have learned certain strategies to account for the probably manipulation that takes place with the various cryptos. In spite of my reservations regarding trading, I do expect to use some of my profits for trading, once my BTC portfolio is back into the black.... It has been a while since my BTC portfolio has been in the black, so it may be a little while before I am trading... he he he... Nonetheless, I am fairly optimistic that we are going to be witnessing some upward price mobility in the coming months - yet, even if we do NOT witness such, I will likely keep HODLin and buying, absent significant news that would negatively affect BTC fundamentals. |
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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May 18, 2014, 01:09:07 AM |
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There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.
On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range). Could it be on purpose? If truth is being hidden, it must be ugly...
Jorge your fear mongering is cute. Some call it "cute," and others call it "whacky."  |
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Walsoraj
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May 18, 2014, 01:12:11 AM |
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There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.
On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range). Could it be on purpose? If truth is being hidden, it must be ugly...
Jorge your fear mongering is cute. Some call it "cute," and others call it "whacky." Others call it "describing facts" and making "well-founded inferences." |
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JorgeStolfi
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May 18, 2014, 01:43:58 AM |
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Jorge your fear mongering is cute.
The word for "fear" in investment is "prudence".  But, frankly, I have no idea of what the BTC price will be six months from now. I can't understand why "the market" thinks that 1 BTC is worth 450$, rather than 45'000$ or 4,50$; so how could I guess what it will think then? I do expect the price to fall further in the short term, for the reasons that I already gave (and may repost tomorrow if I get a round tuitt). How far down? We have seen it drop to 350$, it certainly could go down to that. The CEOs of the Chinese exchanges have given some gloomy statements to the press (links will follow) but have been mostly quiet since the end of April. There are no new announcements on the sites. With diminished volume and without the fees from leverage trading, their revenues must have fallen sharply, and their prospects for moving the exchanges outside China aren't great (they would be competing for customers with the Western exchanges, which all together still have less volume than Huobi). I give high prob to their closure within a couple of months at most. So I am puzzled by this calm, I can't understand what those Chinese sellers are waiting for. |
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Davyd05
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May 18, 2014, 01:56:33 AM
Last edit: May 18, 2014, 03:06:20 AM by Davyd05 |
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There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.
On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range). Could it be on purpose? If truth is being hidden, it must be ugly...
Jorge your fear mongering is cute. Some call it "cute," and others call it "whacky." I was pretty much okay with the content, till the bolded area. Where he goes all X-Files on us. That is to say it could be just as easily argued that someone could be hiding support bids in case of a flash crash on the low volume at Huobi...we can bicker all we want and speculate...but when we start sounding like late night radio hosts it just becomes cheap and ugly. I know it would be argued that Jorge is voicing this opinion to perhaps save someone from making bad investments but it seem more like fear mongering to scare some noobs to being afraid of China that they sell at or near a bottom. |
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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May 18, 2014, 01:59:55 AM |
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Volumes are decreasing on Stamp by the day. There is just about as much BTC volume now on Stamp, as there usually is LTC volume on BTC-E (measured in BTC)
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 18, 2014, 02:00:48 AM |
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TERA
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May 18, 2014, 02:22:03 AM |
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Bitcoin
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TERA
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May 18, 2014, 02:25:26 AM |
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Where can I buy a share of bitcoin? |
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