Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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May 30, 2016, 05:53:47 AM |
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Looks like we've lost the price point. This will be a roller coaster until we reach $666 or $450/$420.
Hopefully we just hit $666 long enough for some rocket fueling stability.
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Karartma1
Legendary
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Activity: 2310
Merit: 1425
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May 30, 2016, 06:06:28 AM |
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I sold at 560$ on finex then waited for 570$ and then when it jumped back to 525 I bought in again. It was clear to me the most resistant price level could have been on 570$. It still is actually.
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Denker
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Activity: 1442
Merit: 1016
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May 30, 2016, 08:48:15 AM |
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Looks like we've lost the price point. This will be a roller coaster until we reach $666 or $450/$420.
Hopefully we just hit $666 long enough for some rocket fueling stability.
Back to $450? Really? I can not believe that to happen.Not that close to the halving. Maybe one more pull back below 500 for a short time.But then I expect to bounce back up pretty quick. |
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zimmah
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Activity: 1106
Merit: 1005
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May 30, 2016, 09:35:29 AM |
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Looks like we've lost the price point. This will be a roller coaster until we reach $666 or $450/$420.
Hopefully we just hit $666 long enough for some rocket fueling stability.
oh the $666 troll hype again pretty likely it will stuck around that for a while |
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kodtycoon
Legendary
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Activity: 1568
Merit: 1002
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May 30, 2016, 09:46:03 AM |
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this is guna get quite interesting. the buying is obviously a direct result of china, but why? devaluation of the yuan right? right. thing is it was devalued as a direct result of, and retaliation to the US' 450% inport tax on certain metals. china pissed. as they were last time the fed got hawkish on rates. twice in a row in a week: hawkish fed speak = yuan devaluation the next business day. followed by dovish fed = increase in valuation of yuan. the fed was hawkish AF friday(?).. so monday = more devaluation = more capital flight = more "to the moon" \(00)/ and its only guna escalate between the US and china so all good on the horizon  ELI5 how debasing yuan counters the anti-dumping tax?
it strengthens US dollar = shit for stocks + makes exports more expensive imports cheaper. if exports are more expensive it means less foreign currency flowing in and more flowing out. singapore is an interesting exception to the rule, being the only island city state in the world: tiny with little capacity to produce physical goods, they have to import a shit lot and cant export much so a strong currency actually suits them quiet well cos it makes imports cheap and exports expensive. its vice versa to the US and china. it makes labor more expensive in the US too, basically exporting jobs to, guess where, china, where it just got cheaper to produce goods. edit: it doesnt so much counter the tax,, its more like a big "fuck you i can play dirty too" "best change your tone or shits guna go south for you quick" I'm not following. Ignoring your Singapore tangent, how is devaluing the yuan "make labor more expensive in the US"? And you do know that US minimal wage is far better than Chinese average wage, so which jobs would they be stealing that they ain't already got? Not seeing much of a "fuck you" there, to be honest. you might not but its there |
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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May 30, 2016, 10:44:03 AM |
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stamp trading was just not being displayed correctly on bitcoinity. it wasn't doing what you guys were seeing.
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M4z
Jr. Member
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Activity: 59
Merit: 1
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May 30, 2016, 10:59:02 AM |
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Assmaster2000
Member
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Activity: 84
Merit: 10
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May 30, 2016, 11:07:10 AM |
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Yuan "down 0.45 percent from its fix on Friday"? FU factor of half a cent on the dollar? Onoes! that changes everything! BRB, texting Janet to fire up dollar printing presses & devalue the dollar, that'll teach those slopes! Did you miss this? ...
so if you wana hire 1000 people to make t-shirts, who do you employ? the ones who demand high pay, or the ones you can employ to do the same thing for a fraction of the price.
I'll employ the cheap Chinese. The ones I would have hired anyhow, only now they'll cost me less, if they still make the same in yuan. so if im in england, i want 1,000,000,000 t-shirts, im guna hire the chinese instead of the americans.
If you're not crazy/don't want to go broke, sure. I hope you weren't planning on hiring Americans before the yuan got devalued a few points, because then you're not to be trusted with money and should consider voluntary commitment. so my money then flows into china instead of america. and then because the dollar is strong, and the cost of producing the same t-shirt in america is higher, people will buy the t-shirts from me and import them instead of buying from a local producer in america. so 1) the jobs to produce the t-shirts have shifted to china
Yes, roughly 30 years ago. and 2) when people in america want to buy t-shirtsm they buy the cheaper chinese version causing capital outflow instead of inflow.
Sure, but you, Brit, are also paying UK taxes, and paying tariff to US (remember the 450% anti-dumping steel tax? like that). So both US and UK are making out just fine  its one country steeling growth from the other.
 that 450% means anyone who needs metal will buy in the US instead of china,
Anyone who needs steel in US. Which has nothing to do with you, Brit. You can still get yours from China, probably for less, because glut in China, because none is going to US. Because US steel mills are employing people to make US, domestic steel. Duh. |
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finkelsteinMonster
Newbie
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Activity: 56
Merit: 0
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May 30, 2016, 11:21:57 AM |
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You're confused. That's the ETN that stopped trading because the backer, KNC, went bankrupt [–]XBTProvider[ S ] [score hidden] 17 minutes ago
Nasdaq paused our instruments since our guarantor KnC Group went bankrupt. P.S. Lol @ "instrument" |
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AmazonStuff
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May 30, 2016, 11:23:11 AM |
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You're confused. That's the ETN that stopped trading because the backer, KNC, went bankrupt [–]XBTProvider[ S ] [score hidden] 17 minutes ago
Nasdaq paused our instruments since our guarantor KnC Group went bankrupt.
Yes, you are right, my mistake, sorry  |
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LFC_Bitcoin
Diamond Hands
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Activity: 4018
Merit: 11846
#1 VIP Crypto Casino
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May 30, 2016, 11:23:28 AM |
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Wouldn't mind consolidating at this price for a few weeks. I don't want to go up rapidly on no volume only to suffer a horrific dump.
Hopefully we can go sideways for a bit until after the halving & then shoot up again.
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finkelsteinMonster
Newbie
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Activity: 56
Merit: 0
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May 30, 2016, 11:30:24 AM |
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^
My guess is sideways today, plunge tonight/Tuesday. I've been hilariously wrong before tho, so there's that.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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May 30, 2016, 11:36:01 AM |
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Wouldn't mind consolidating at this price for a few weeks. I don't want to go up rapidly on no volume only to suffer a horrific dump.
Hopefully we can go sideways for a bit until after the halving & then shoot up again.
some consolidation would be good but it looks uncomfortable around these levels, the drop from 570 didn't have any real selling conviction behind it and looked more like long term bulls pulling back bids for a better deal ... pretty sure we are going to drive quite strongly back up to 570, maybe consolidate around there or higher, just imho. This looks like a breakout bull market to me ... I wouldn't be shorting anything or expecting sideways consolidations for a while. |
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pariahbit
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Activity: 42
Merit: 0
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May 30, 2016, 11:38:22 AM |
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^ >it looks uncomfortable >didn't have any real selling conviction >looked more like >drive quite strongly back up >looks like a breakout bull market to me Bro, do you even pump?
"Global professional services firm Ernst & Young has announced it will auction off 24,518 BTC (worth $12.9m)  originally confiscated by a user of defunct online dark market Silk Road." - http://www.coindesk.com/ernst-young-sell-12-million-bitcoin-auction/ |
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AmazonStuff
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May 30, 2016, 11:51:33 AM |
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This looks like a breakout bull market to me ...
Average bitcoin exchange rate of all exchanges is already above yesterday levels, so I could agree.  |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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May 30, 2016, 11:54:36 AM |
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"Global professional services firm Ernst & Young has announced it will auction off 24,518 BTC (worth $12.9m) originally confiscated by a user of defunct online dark market Silk Road." - http://www.coindesk.com/ernst-young-sell-12-million-bitcoin-auction/shouldn't be replying to yet another of these scammy trolls but it needs to be pointed out that the last 'official' auction date represented an interim top around 500 in early Nov. 2015. ... wouldn't be at all surprised to see a run up to 680-730 region before this auction now it has broken out. |
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pariahbit
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Activity: 42
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May 30, 2016, 12:29:41 PM |
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Yup, from $500 before the auction to below $400 immediately after. I guess that's a win, afa BTC is concerned |
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