Temp_JayJuanGee
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November 23, 2016, 03:23:34 PM |
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I am not a fortune teller.I am reading the price and volume indicators.BTC must rest at these prices for a while and make correction before continuing the uptrend.And also there will be a sharp movement, this can happen to both sides however the low chance is 63%.This is my systems results.We will see the results in 3 days time.
Likely I am not really disagreeing with anything that you are saying except when you emphasize certain concepts such as "must" Maybe in your thinking the odds are 51% or 63% or 87% or 95%, but you really could not believe the odds are 100% for the future, unless it has already happened (and that would not be the future), could you? |
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Temp_JayJuanGee
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November 23, 2016, 03:39:04 PM |
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Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
still 1 month until the Christmas, what is years in Bitcoin trading time Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price? doesn't matter one way or another because it is far away, but the end of year was dump time in the last two years I could see the end of the year potentially being a factor for tax purposes, but for commercial purposes, bitcoin likely remains much too small in that particular space for those commercial purposes to have much of an overall affect on bitcoin prices - there are too many other things going on in the world that are putting upwards pressures on price through overall adoption and just preservation of value (as compared with currency manipulations, etc) In the end, there can be some big macro economics going on that cause seasonal dynamics and momentum, but it also seems difficult to pin down exactly on a seasonal basis in order to really bet that price is going one direction or another because of some kind of seasonal dynamic compared with other fundamentals (such as effect of halvening or effect of seg wit signaling/adoption etc). Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
still 1 month until the Christmas, what is years in Bitcoin trading time Even if Christmas was tomorrow, so what? Why do you think it'd be negative for bitcoin price? It's an expensive month, so I'd presume people that don't get a thirteenth month of salary would have to cash out some. You seem to be describing a bit of a living pay check to pay check scenario or maybe that some folks are a bit over extended in their bitcoin investment. Sure there may be some of this going on in the margins, but really I doubt what you are describing is any kind of meaningful and or widespread market dynamic affecting bitcoin prices. Also less trading so less traders to absorb the coins that are being minted.
I would concede that less trading around the holidays because of closed banks, travel and family/entertainment activities could have some market effects... but sometimes it can cause whales to get active in their attempts at manipulations because they know that generally there tends to be a bit less liquidity during those kinds of times. |
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JimboToronto
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You're never too old to think young.
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November 23, 2016, 04:54:41 PM |
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Good morning Bitcoinland.
Slid back a little I see...$744USD/$1002CAD.
Hopefully we won't stagnate here for too long.
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JimboToronto
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You're never too old to think young.
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November 23, 2016, 05:05:01 PM |
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Good morning Bitcoinland.
Slid back a little I see...$744USD/$1002CAD.
Hopefully we won't stagnate here for too long.
$744? where the heck did you see 744? It's $730 and keep dropping. Bitcoinaverage. Yes it's dropping... currently $743. |
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r0ach
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November 23, 2016, 05:15:14 PM |
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Khazar banking mafia at the Federal Reserve tried to dump metals with naked shorts again and seems to have failed. Now we're on the highway to the danger zone:  This Shanghai metal exchange finally became of some use. |
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TERA
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November 23, 2016, 05:24:46 PM |
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Now is the perfect time for me to come out and say something bearish and point at some line on a chart.
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Temp_JayJuanGee
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November 23, 2016, 05:34:52 PM |
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Good morning Bitcoinland.
Slid back a little I see...$744USD/$1002CAD.
Hopefully we won't stagnate here for too long.
$744? where the heck did you see 744? It's $730 and keep dropping. Bitcoinaverage. Yes it's dropping... currently $743. Then you are looking at the wrong place, check out bitstamp and bitfinex. Hahahaha I hate to agree with someone who is coming off as a kind of alphanumeric bot troll, but I tend to agree that picking one or two USD/BTC exchanges bitstamp, bitfinex or even GDAX tends to be a bit more representative of what is happening, as compared with Bitcoin Average. Bitcoin average tends to move a bit more laggedly (if that is a word?), and sometimes when we are watching volatility dynamics and even attempting to predict price direction(s), we need some measurements that are more "in-touch" with on the ground dynamics - which are the exchanges themselves. On the other hand, if you are just looking at a kind of average for the whole day.. blah blah blah, then bitcoin average is probably not a bad rough indicator. Now is the perfect time for me to come out and say something bearish and point at some line on a chart.
You go girl!!!!   |
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podyx
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November 23, 2016, 05:38:45 PM |
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We're still looking bullish.
Going below 720 on stamp and I'll be cautious.
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JimboToronto
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Activity: 4018
Merit: 4505
You're never too old to think young.
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November 23, 2016, 05:41:53 PM |
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Good morning Bitcoinland.
Slid back a little I see...$744USD/$1002CAD.
Hopefully we won't stagnate here for too long.
$744? where the heck did you see 744? It's $730 and keep dropping. Bitcoinaverage. Yes it's dropping... currently $743. Then you are looking at the wrong place, check out bitstamp and bitfinex. Maybe you're looking in the wrong place. It's $754 on Huobi. Even higher at Localbitcoins or any Indian exchange. I use Bitcoinaverage as my principal reference because they average prices from all exchanges weighted to volumes, ignoring volumes from zero-fee exchanges. ____ What am I doing trying to reason with a #sixcharacterrandomalphanumericusername noob?  |
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TERA
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November 23, 2016, 05:56:47 PM |
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The price of Bitcoin on Huobi is like 'the price of tea in China'.
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Karartma1
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November 23, 2016, 05:57:52 PM |
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Jimbo What am I doing trying to reason with a #sixcharacterrandomalphanumericusername noob This goes directly into my personal hall of fame.  Yes, I also go with Bitcoin Average since there are so many different prices around. The BTC/ZAR pair on bitx.co is at a crazy $801.10 https://coinmarketcap.com/exchanges/bitx/We all would love that now |
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kurious
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November 23, 2016, 07:56:53 PM
Last edit: November 23, 2016, 08:18:48 PM by kurious |
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The price of Bitcoin on Huobi is like 'the price of tea in China'.
I thought you were going to point at lines on a chart, Tera? Now you're teasing, cryptically so. Point at chart lines, go on.... "Which way now, Miss?" EDIT: Chinese exchange chart lines don't count  |
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becoin
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Activity: 3431
Merit: 1233
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November 23, 2016, 08:14:05 PM |
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Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
After all those failed dumps? True. Let's see what happens at the next test of the resistance.... Last chance to sell at 740 ... Last chance to buy at 740 ... |
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GreekGeek
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November 23, 2016, 08:58:38 PM
Last edit: November 24, 2016, 01:09:51 AM by GreekGeek |
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This is frustrating  I know for sure that if I sell it will go up and if I hold the price will go down |
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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November 23, 2016, 09:50:08 PM |
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Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
After all those failed dumps? True. Let's see what happens at the next test of the resistance.... Last chance to sell at 740 ... Last chance to buy at 740 ... Out of curiosity, what makes you sure buddy ? |
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DaRude
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In order to dump coins one must have coins
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November 23, 2016, 10:06:47 PM
Last edit: November 23, 2016, 10:28:01 PM by DaRude |
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This frustrating I know for sure that if I sell it will go up and if I hold the price will go down Then sell damn you. Take a bullet for the rest of us. We promise to remember you as the geekiest sacrifice |
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becoin
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Activity: 3431
Merit: 1233
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November 23, 2016, 10:11:07 PM |
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Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
After all those failed dumps? True. Let's see what happens at the next test of the resistance.... Last chance to sell at 740 ... Last chance to buy at 740 ... Out of curiosity, what makes you sure buddy ? Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold. |
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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November 23, 2016, 11:41:36 PM |
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Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
After all those failed dumps? True. Let's see what happens at the next test of the resistance.... Last chance to sell at 740 ... Last chance to buy at 740 ... Out of curiosity, what makes you sure buddy ? Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold. Perfect, so I can understand that no worries over here, am I right ? Also, what do you think about the recent dip, is it another correction or some bearish news I didn't hear about ? Thank you |
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becoin
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November 24, 2016, 12:25:26 AM |
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Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?
After all those failed dumps? True. Let's see what happens at the next test of the resistance.... Last chance to sell at 740 ... Last chance to buy at 740 ... Out of curiosity, what makes you sure buddy ? Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold. Perfect, so I can understand that no worries over here, am I right ? Also, what do you think about the recent dip, is it another correction or some bearish news I didn't hear about ? Thank you It was very well coordinated dump to coincide at the same time with: IRS attack on Coinbase difficulty rise push to revive blocksize debate tx spam attack eth fork But bitcoin is a train that can't be stopped. |
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