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Voodah
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December 16, 2013, 09:24:38 AM |
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China dropped below 5k !
Action time !
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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gizmoh
Legendary
 Offline
Activity: 1428
Merit: 1000
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December 16, 2013, 09:24:42 AM |
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Monday and back to yesterday's low in china.Their chart is so bearish, ask wall piling up. (57M CNY) ask to 6000 vs (44M CNY) bid to 4000. Chinese will drag us down. I smell blood and i fear its bulls' time to get slaughtered soon, especially the diehard who dreams of Mars expedition trip to 3k-10k..  China is not the be all and end all of this market. IN FACT, most of the time China does not lead. China lead in the rally from about $250 to $900 and then they led with the news about the Chinese government. But other than that they do not lead. China isn't going to drag us down. They just had a much more bullish parabolic rise and a more serious correction. But they China does NOT determine this market. Gox still does. I'm looking at the charts and currently china is going down alone. they are not waiting for gox, which is pretty dead. only stamp is following down. China doesn't give a 'fuck' about the west, just as it didn't when it was climbing. BAM 5000 WALL down Doom and gloom to follow |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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December 16, 2013, 09:24:56 AM |
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once rpietila sell his coins cheap we will move.
remember, a lot of talk of EU bailouts coming this week. that's super bullish.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 09:26:01 AM |
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china is sinking 4888 already
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 09:27:47 AM |
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4820 and going down so fast
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Voodah
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December 16, 2013, 09:28:00 AM |
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4818
Call your bottoms !
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 16, 2013, 09:29:03 AM |
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China's doing its on thing again.
It went up harder and has to come down harder too. Interesting that they others arent following.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 09:29:16 AM |
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4790 and still dropping
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accord01
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December 16, 2013, 09:30:08 AM |
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Great 5000 Wall of China eaten
eaten or pulled back? if it is really eaten... prepare for Monday massacre!!! Get your shorts on, time to get rid of the coins while its still at 800... |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 16, 2013, 09:30:31 AM |
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Test of wills between the exchanges.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 09:31:50 AM |
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Great 5000 Wall of China eaten
eaten or pulled back? if it is really eaten... prepare for Monday massacre!!! Get your shorts on, time to get rid of the coins while its still at 800... yes it was eaten a 4000 BTC is already dumped and it is continuing |
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Kj1
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December 16, 2013, 09:31:57 AM |
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rpetilia stop dumping at stamp!!  Please, carry on, as you were...  indeed. drop! Wanna buy cheap coins (back) |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 16, 2013, 09:32:21 AM |
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So China leads, huh?
Lol. Doesnt look like it to me.
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accord01
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December 16, 2013, 09:32:29 AM |
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Of course the other exchanges will follow China. China beats them 3-1 in volume. It followed china the last 2 months, nothing has changed.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 16, 2013, 09:34:09 AM |
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Is this the MOMENT when Gox reasserts its leadership?
I mean, if this continues - and China springs back, who is leading now?
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 16, 2013, 09:34:48 AM |
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Of course the other exchanges will follow China. China beats them 3-1 in volume. It followed china the last 2 months, nothing has changed.
You're crazy. China led for about a week. You didnt really follow price action closely. |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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December 16, 2013, 09:35:43 AM |
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So China leads, huh?
Lol. Doesnt look like it to me.
Give it time, arb will happen. The 5000 psychological barrier is broken, zoom back you'l see a clear lower lows pattern since chinese news. |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 16, 2013, 09:35:55 AM |
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Of course the other exchanges will follow China. China beats them 3-1 in volume. It followed china the last 2 months, nothing has changed.
Volume doesn't matter. A leader has to act first AND have followers. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 09:36:20 AM |
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back over 5000 in half an hour.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 09:36:29 AM |
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well I am really surprised how people are not panic selling, I am sure most of people learnt the lesson the hard way  |
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