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Crazy
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December 01, 2013, 04:11:36 AM |
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Obviously this hasn't happened yet, and I'm not suggesting it will, but under heavy volume I notice that BTCChina seems to suffer from the ole Gox lag. I wonder how things would turn out if China got their first taste of a lagged panicked selloff.
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OldGeek
Sr. Member
 Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 01, 2013, 04:13:41 AM |
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Has there been a change in public sentiment? Has the news media over there panned btc?
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MahaRamana
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December 01, 2013, 04:15:47 AM |
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Has there been a change in public sentiment? Has the news media over there panned btc?
The change of sentiment happens during and after the crash. It cannot be perceived before the crash. Before the crash sentiment is most optimistic. At the bottom sentiment is most pessimistic. |
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Crazy
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December 01, 2013, 04:16:18 AM |
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Has there been a change in public sentiment? Has the news media over there panned btc?
Wish I knew, I've been asking around here if there's any forums dedicated to their market but no one has ever mentioned it. Hard to gauge sentiment in different markets. They've had quite a run though, they're overdue for a lot of profit taking. |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 01, 2013, 04:16:34 AM |
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I'd now call the move on BTCChina "significant". Coming 24h should be interesting.
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Crazy
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December 01, 2013, 04:17:07 AM |
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Absolutely.
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DaRude
Legendary
Offline
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
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December 01, 2013, 04:18:53 AM |
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Any clue what's going on over there at BTCChina? can't be just lag on Sunday
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Crazy
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December 01, 2013, 04:20:38 AM |
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It doesn't seem like whale action either.
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 01, 2013, 04:20:49 AM |
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Heh, it's always funny to see "6888.88" on the ticker. The Chinese are nothing if not superstitious.
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 01, 2013, 04:21:42 AM |
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Fairly impressive downdraft on gox not too. Hmmm.
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Crazy
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December 01, 2013, 04:22:43 AM |
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Someone seems to be stepping in on BTCChina. This always seems to happen, however it was quite delayed this time. Wonder if whoever has been propping things up is running low on capital.
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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December 01, 2013, 04:23:21 AM |
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Fairly impressive downdraft on gox not too. Hmmm.
Zzzz. I hear weak hands falling out of the tree. |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 01, 2013, 04:24:42 AM |
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Yeah. I'm at the bottom ready to catch the apples when they fall.
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OldGeek
Sr. Member
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Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 01, 2013, 04:27:44 AM |
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Interesting. The bottom of both gox and china hit at approx the same time.
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Beta-coiner1
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December 01, 2013, 04:29:49 AM |
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Trends still indicate 'buy bitcoin' is at record highs.
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Crazy
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December 01, 2013, 04:30:14 AM |
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They've had very tightly aligned movement for awhile. I know some of that is due to automated trading, but I feel like there's something more involved. Not necessarily nefarious, but big movements always seem to occur simultaneously in either direction. Trends still indicate 'buy bitcoin' is at record highs. That's a lagging indicator. |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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December 01, 2013, 04:30:28 AM |
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Interesting. The bottom of both gox and china hit at approx the same time.
Synchronized tree shaking  |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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December 01, 2013, 04:35:39 AM |
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Ohoh. Double tweezers. Sell Bears.
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Crazy
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December 01, 2013, 04:37:48 AM |
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I think if China can't reclaim support at 7000 they'll test 6000 by the end of the day.
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MahaRamana
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December 01, 2013, 04:40:49 AM |
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I think if China can't reclaim support at 7000 they'll test 6000 by the end of the day.
I was going to say that if 1150 does not hold, we'll test 1000 But if 1150 holds, I believe we'll test 1300 tonight or tomorrow |
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