macsga
Legendary
 Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 21, 2015, 09:00:21 AM |
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You don't have understand technology to understand why a currency capped at 21M with half already in the hands of neck beard nerds and come into existence by solving puzzles in big jerry rigged Chinese warehouses is not ever gonna work in the real world.
This is as funny as wrong. Thanks! Glad I made you laugh This is wrong and not funny... http://www.quickmeme.com/meme/35mfeb/PS: LambChop? Is twiifm your twin sister?  |
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supermine
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January 21, 2015, 09:42:35 AM |
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 OK Coin Similar to what happened when the bear market ended at $65 after the $266 peak... Nice pics. Nevertheless what we have today is not quite the same if you look closely. Today we are seeing an text-book bear flag (sym triangle with slowing volume) indicating lower levels in an Wave 4 Elliot Cycle. Sure it could rebounce, but that chance would be 40/60, so my bets are on bear until I see a rounded bottom or similar reversal indication.  |
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electronistul
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January 21, 2015, 09:54:55 AM |
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... Today we are seeing an text-book bear flag (sym triangle with slowing volume) indicating lower levels in an Wave 4 Elliot Cycle. Sure it could rebounce, but that chance would be 40/60, so my bets are on bear until I see a rounded bottom or similar reversal indication. Based on your triangles closing, I would assume another day (or so) at current levels, followed by large dumps to 170$+ levels. Am I terribly wrong / bear-ish ? |
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ChartBuddy
Legendary
Offline
Activity: 2674
Merit: 2372
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 21, 2015, 09:59:57 AM |
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Bitfinex  Bitstamp  Explanation |
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ParabellumLite
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January 21, 2015, 10:01:05 AM |
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Another fake wall on Bitfinex. Feels familiar to the november/december situation. People are likely to get burned soon. |
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fonsie
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January 21, 2015, 10:54:45 AM |
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Another fake wall on Bitfinex. Feels familiar to the november/december situation. People are likely to get burned soon. Trading on feelings, that's how you do it. lol |
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EFS
Staff
Legendary
 Online
Activity: 4228
Merit: 2791
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January 21, 2015, 10:55:30 AM |
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I was promised a rally  I'm the rally nazi, no rally for you! |
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ChartBuddy
Legendary
Offline
Activity: 2674
Merit: 2372
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 21, 2015, 10:59:58 AM |
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Bitfinex  Bitstamp  Explanation |
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fichtn12345
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January 21, 2015, 11:03:35 AM |
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I was promised a rally I'm the rally nazi, no rally for you! can i haz some? pls |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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January 21, 2015, 11:04:17 AM |
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... Today we are seeing an text-book bear flag (sym triangle with slowing volume) indicating lower levels in an Wave 4 Elliot Cycle. Sure it could rebounce, but that chance would be 40/60, so my bets are on bear until I see a rounded bottom or similar reversal indication. Based on your triangles closing, I would assume another day (or so) at current levels, followed by large dumps to 170$+ levels. Am I terribly wrong / bear-ish ? What I see there, is that the volume increases as the price drops. Could be an indication that a bottom is being discovered. Also, volume dropping on price rise leads me to think that many are relatively happy with their current holdings and only looking to accumulate on the dips. Until there is an influx of new participants that do not already have positions in this market, I do not think price will rise dramatically. If this influx of new blood does indeed happen, I would expect that the long term holders that have been suffering this market will not be willing to give up their coins cheaply. Personally I think we could see sideways/downward movement for many months to come. It would be the preferable situation for anyone looking to accumulate more coins. "As low as possible for as long as possible" |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 21, 2015, 11:04:46 AM
Last edit: January 21, 2015, 11:16:34 AM by macsga |
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I was promised a rally I'm the rally nazi, no rally for you! can i haz some?  |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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January 21, 2015, 11:34:40 AM |
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...
I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore  |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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January 21, 2015, 11:52:31 AM |
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That bid sum on finex and stamp  Ask side is really thin... It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon. |
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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January 21, 2015, 11:58:56 AM |
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...
I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore Main account ? Alts ? Huh ? Fluoride ? Alex Jones ? Aliens built the pyramids ? What are you talking about ? Are you suggesting that i'm NotLambchop ? ------- I'm using this username since June and besides it i only had my original account, which i didn't wanted to use for bashing shitcoins or for anything that would cause me hurt in the future. Also, unfortunately, i found this thread a little bit too late. |
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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January 21, 2015, 11:59:49 AM |
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That bid sum on finex and stamp Ask side is really thin... It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon. you can watch western exchanges as much as you want, china has the biggest pools and farms now. with lower demand in china and a lot of bagholders, I wonder where those coins are going to go. |
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ChartBuddy
Legendary
Offline
Activity: 2674
Merit: 2372
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 21, 2015, 11:59:57 AM |
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Bitfinex  Bitstamp  Explanation |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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January 21, 2015, 12:01:12 PM |
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That bid sum on finex and stamp Ask side is really thin... It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon. you can watch western exchanges as much as you want, china has the biggest pools and farms now. That's why the selling pressure is stronger there.  Mining doesn't matter, it's about who's buying the coins. |
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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January 21, 2015, 12:04:56 PM |
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That bid sum on finex and stamp Ask side is really thin... It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon. you can watch western exchanges as much as you want, china has the biggest pools and farms now. That's why the selling pressure is stronger there. Mining doesn't matter, it's about who's buying the coins. 3600 coins per day do matter. if most of them are made in china...well, the cost of their production is really low. |
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JimboToronto
Legendary
Offline
Activity: 4494
Merit: 5817
You're never too old to think young.
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January 21, 2015, 12:09:00 PM |
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BrewCrewFan
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January 21, 2015, 12:09:57 PM |
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That bid sum on finex and stamp Ask side is really thin... It's the opposite picture on the Chinese exchanges. I think we've been witnessing the flow of coins back from east to west after China went crazy and bought up too many coins in the 2013 bubble. It's also clear to see in here that China is becoming less important and people are looking more at the western exchanges now. Actually it looks more healthy now, more balanced. I still see some downside but this bear is getting very very tired and will go into hibernation soon. you can watch western exchanges as much as you want, china has the biggest pools and farms now. That's why the selling pressure is stronger there. Mining doesn't matter, it's about who's buying the coins. 3600 coins per day do matter. if most of them are made in china...well, the cost of their production is really low. <insert joke> Well if they make most of the coins I hope they are not as shotty as most of the other stuff they make, that falls apart in 3 months.... <runs> |
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