ChartBuddy
Legendary
 Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
January 13, 2015, 06:00:02 AM
Last edit: January 13, 2015, 06:13:56 AM by ChartBuddy |
|
|
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2618
Merit: 2330
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
 |
January 13, 2015, 06:00:29 AM |
|
This is like $1000 but in complete opposite.  In a sense it is. Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges. I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers. My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources. Perhaps 1 or 2 million BTC in total. Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles. However, in the last couple of months the decay seems to be linear, or even faster than linear. Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months. Seems about right. |
|
|
|
|
navigatrix
Member
Offline
Activity: 71
Merit: 10
|
|
January 13, 2015, 06:00:44 AM |
|
Where the fuck do all these bitcoins come from that are getting dumped? Is the Bitstamp hacker dumping?
Just speculation, but... At least 3 scammers absconded with funds in the last 2 weeks. Cryptomine.io, cryptodouble, Hashprofit, and on and on.... undoubtedly more than I am following myself. I imagine they are dumping BTC and grabbing as much fiat as they can get before heading for the hills. Maybe not the main factor in the price crash right now, but I'm sure it's contributing. |
|
|
|
|
|
Stevenirving
|
|
January 13, 2015, 06:00:47 AM |
|
Bottomed Only place to go is up  |
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
|
|
January 13, 2015, 06:00:54 AM |
|
|
|
|
|
|
luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
|
|
January 13, 2015, 06:06:50 AM |
|
Bottomed Only place to go is up *murder urges*  |
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
|
|
January 13, 2015, 06:10:45 AM |
|
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
|
|
January 13, 2015, 06:14:43 AM |
|
Even ChartBuddy is mocking me. |
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
|
|
January 13, 2015, 06:16:52 AM |
|
 I'm calling bottom. |
|
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
January 13, 2015, 06:17:18 AM |
|
img]http://www.scholastic.com/content/images/articles/s/SN56_040612_hdr.jpg[/img]
I'm calling bottom.
You just said we would see $200 in another thread... |
|
|
|
|
cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
|
|
January 13, 2015, 06:18:13 AM |
|
img]http://www.scholastic.com/content/images/articles/s/SN56_040612_hdr.jpg[/img]
I'm calling bottom.
You just said we would see $200 in another thread... One can only hope. |
|
|
|
|
podyx
Legendary
Offline
Activity: 2338
Merit: 1035
|
|
January 13, 2015, 06:24:10 AM |
|
You guys think we'll see a small rebound?
$280 perhaps?
|
|
|
|
|
|
Stevenirving
|
|
January 13, 2015, 06:27:00 AM |
|
You guys think we'll see a small rebound?
$280 perhaps?
Naaa We will test 300. |
|
|
|
|
klondike_bar
Legendary
Offline
Activity: 2128
Merit: 1005
ASIC Wannabe
|
|
January 13, 2015, 06:28:05 AM |
|
You guys think we'll see a small rebound?
$280 perhaps?
thats my guess. a push down to meet resistance around $200 is possible, but i think that looking at the past month of chart, a rebound to $300 is appropriate, settling at $280 for the next move |
|
|
|
|
|
poncho32
|
|
January 13, 2015, 06:28:43 AM |
|
You guys think we'll see a small rebound?
$280 perhaps?
Someone just brought 655 coins in one go on stamp, so maybe |
|
|
|
|
|
|
|
Stevenirving
|
|
January 13, 2015, 06:36:26 AM |
|
Just bought 85.43 BTC in 3 transactions @ 250$
It just feels so good. Feels so good.
Cant be mad about it.
ooooooo
|
|
|
|
|
luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
|
|
January 13, 2015, 06:38:15 AM |
|
you will be eventually
|
|
|
|
|
crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
|
|
January 13, 2015, 06:48:17 AM |
|
I think bitcoin is also suffering from a somewhat rebounding economy elsewhere. There are simply better places to invest your money at the moment and the bitcoin market feels this. Combined with the ease at which it is getting to SPEND bitcoin without simultaneously making it easy to BUY bitcoin means more and more downward pressure.
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
January 13, 2015, 07:00:01 AM |
|
Bitfinex  Bitstamp  Explanation |
|
|
|
|
|
Poll
