ChartBuddy
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November 11, 2015, 12:01:16 PM |
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Feri22
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November 11, 2015, 12:50:25 PM |
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What gets me is just how brazen and rude it is Rational people just roll their eyes when Bitcoin goes up and they're alway right
Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good). Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices. I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky Actually i think it trippled in value..then stopped on double value Look at the chart from August 25th onwards: nothing really happened. Only a very tiny increase in volume nothing else Look at the chart on july, the value went 8x up...of course the effect of halving on price comes some time before the event
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TReano
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November 11, 2015, 01:01:01 PM |
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What gets me is just how brazen and rude it is Rational people just roll their eyes when Bitcoin goes up and they're alway right
Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good). Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices. I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky Actually i think it trippled in value..then stopped on double value Look at the chart from August 25th onwards: nothing really happened. Only a very tiny increase in volume nothing else Look at the chart on july, the value went 8x up...of course the effect of halving on price comes some time before the event you always have to remember that these tiems where totally different. No Leverage trading, the only way to make money was buy bitcoin low and selling them high. It was almost like the altcoin market currently. Now with all the options it's and the much bigger market cap then back then it's quiet unlikely to have these spikes again...
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ChartBuddy
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November 11, 2015, 01:01:17 PM |
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Torque
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November 11, 2015, 01:36:47 PM Last edit: November 11, 2015, 02:13:19 PM by Torque |
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Looks like the whale has finally tired of the "keep-selling-into-my-own-walls" game. Cause no takers, he's not making any money. So no bounce. Will be much more fun to margin call the leveraged longs on the way down. Easy Money! Cheers Torque! Yep, and I also knew it would bounce off the "fake" support at 300. Btw, hmmm 300, well that's 1. Oddly a perfectly psychological round number, isn't it? Interesting. 2. Wait 300... it's a perfect U.S. dollar number. But, but, but...I thought everyone said that the Chinese were in controlz of the market?!?!? Guyz? Just wait long enough, here's what the market will do. It will drift back down and level out dangerously close to 300 (the fake support), finally break through when the fake walls are pulled, then back up to $299.9999999 (head fake) and pegged there for days/week, then of course the selloff will continue down. Then you will finally see some very odd margin calls. Happens every time, just like clockwork. I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait.
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ChartBuddy
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November 11, 2015, 02:01:20 PM |
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becoin
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November 11, 2015, 02:07:31 PM |
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I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait.
Have you chosen a building to jump off if we don't get back in the $230-250 range?
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ssmc2
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November 11, 2015, 02:09:42 PM |
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I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait.
Have you chosen a building to jump off if we don't get back in the $230-250 range?
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Torque
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November 11, 2015, 02:11:26 PM |
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I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait.
Have you chosen a building to jump off if we don't get back in the $230-250 range? Have you chosen a building to jump off of if the price doesn't get back up to your buy-in point? Lol
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Elwar
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Viva Ut Vivas
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November 11, 2015, 02:24:47 PM |
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From the order books it looks like a whole lot of people who haven't had their bitcoins on the exchanges before have moved them there and set their sell points all the way up to the $700 range. Doubtful that we'll get any quick run up any time soon.
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Hyperjacked
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It's all mathematics...!
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November 11, 2015, 02:30:36 PM |
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I sold at $390, and still winning. I will not be re-entering until we're back in the $230-250 range. I have little doubt it will get there. I have patience, I can wait.
Have you chosen a building to jump off if we don't get back in the $230-250 range? Have you chosen a building to jump off of if the price doesn't get back up to your buy-in point? Lol Torque and I have been dead on over the past weeks...Most everyone else has been playing catch up! Jump...lol! Maybe a new penthouse with a view of the smaller buildings...
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ssmc2
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November 11, 2015, 02:30:51 PM |
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From the order books it looks like a whole lot of people who haven't had their bitcoins on the exchanges before have moved them there and set their sell points all the way up to the $700 range. Doubtful that we'll get any quick run up any time soon.
It's pretty clear now that the order books don't mean shit.
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degxtra1
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November 11, 2015, 02:35:20 PM |
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Doubtful that we'll get any quick run up any time soon.
I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished. At the same time market is flooded with many new coins - so, really don't expect epic rises. Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit.
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Elwar
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November 11, 2015, 02:36:53 PM |
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From the order books it looks like a whole lot of people who haven't had their bitcoins on the exchanges before have moved them there and set their sell points all the way up to the $700 range. Doubtful that we'll get any quick run up any time soon.
It's pretty clear now that the order books don't mean shit. For the short range I would agree, but up in the higher numbers it does tend to get lower over time when there is not much anticipation of the price going that high.
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Elwar
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November 11, 2015, 02:39:27 PM |
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Doubtful that we'll get any quick run up any time soon.
I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished. At the same time market is flooded with many new coins - so, really don't expect epic rises. Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit. Since everyone has seen before that those at the top of these price run ups are the ones that make the money it becomes a race to be the one who sells at the top. Thus making each run up get shorter and shorter until there are none. Which is ok over time for a serious currency.
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barbs
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November 11, 2015, 02:56:06 PM |
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What the fuck am I supposed to do with these moonsuits I bought on credit at 500$\btc for me and my friends
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Torque
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November 11, 2015, 02:57:10 PM |
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Doubtful that we'll get any quick run up any time soon.
I'm really afraid that since bitcoin got attention of Real Traders and at the same time there is no Willy anymore, we can't expect jumps like few hundreds % per a month ie. This time has finished. At the same time market is flooded with many new coins - so, really don't expect epic rises. Just used to trade with more limited expectations - 2-3% gain/per day is quite enough profit. Since everyone has seen before that those at the top of these price run ups are the ones that make the money it becomes a race to be the one who sells at the top. Thus making each run up get shorter and shorter until there are none. Which is ok over time for a serious currency. The other thing is that this small group of whales was hoping that their pumping would attract other, larger whale players to join in. That's exactly what happened in 2013. Which is the reason rallies in 2013 went so high, and then high volatility (coordinated trading) during the bear market. And why the bear market took sooo long to deflate in 2014. Well for whatever reason, that didn't happen this time. So this small group of whales failed to attract other bigger whales. Also, all buying pressure and volume completely ended on Nov 4th, the day before the USM auction. That was a BIG giveaway that this run up was simply engineered around that event. They also failed to attract Average Joe, who has become skeptical and completely apathetic to bitcoin price run ups. I do believe, however, that we will eventually see another Bitcoin event year like 2013. If you notice, it coordinated perfectly with a U.S. stock market bull run in 2013. So keep your eye on the U.S. stock market. Btw, statistics say that during election years, the U.S. stock market has around ~86% chance of having a bull run instead of a bear run. And 2016 is an election year. So maybe next year is the year, who knows.
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ChartBuddy
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November 11, 2015, 03:01:14 PM |
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conspirosphere.tk
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Bitcoin is antisemitic
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November 11, 2015, 03:05:41 PM |
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If you notice, it coordinated perfectly with U.S. stock market bull run in 2013. So keep your eye on the U.S. stock market. Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run. And 2016 is an election year. So maybe next year is the year, who knows.
on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money.
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Torque
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November 11, 2015, 03:07:51 PM |
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If you notice, it coordinated perfectly with U.S. stock market bull run in 2013. So keep your eye on the U.S. stock market. Btw, statistics say that during election years, the U.S. stock market has around ~86% of having a bull run instead of a bear run. And 2016 is an election year. So maybe next year is the year, who knows.
on the other hand, gold use to bottom within +/- 6 months from a US presidential election. Then we'll see if btc quacks like a stock or sound money. Totally agree. Also, we've never seen what happens to btc during a true financial crash, since it was born after one. It could crash just like a stock, dunno. People like to rush to fiat during financial crisis. I hope it would do the opposite.
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