Holliday
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Activity: 1120
Merit: 1010
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June 17, 2016, 06:10:21 AM |
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Where are there a few 'clever people' controlling the entire order book and changing it every day? It should have many thousands of unconnected actors controlling it and it should be moving organically like gox did. This is supposed to be a world currency, not a game.
If there was a global exchange where you could trust that the exchange operators, the hackers, or the authorities were not going to accidentally all the bitcoins at any given moment, then you might actually get something close to organic. |
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TERA
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June 17, 2016, 06:11:14 AM |
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It probably consolidates for 3-10 days before hitting 850 and then starting the real crash.
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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June 17, 2016, 06:22:17 AM |
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It probably consolidates for 3-10 days before hitting 850 and then starting the real crash.
if i had any sense i would trade accordingly as you always hit the nail on the head. |
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TERA
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June 17, 2016, 06:26:36 AM |
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I don't even trade according to my own predictions. I mostly trade volatility events that occur on a 1 minute scale.
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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June 17, 2016, 06:28:29 AM |
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would be sad if this all petered out before we hit 1k again. though probably better for my health overall.
i'd say it was safer to say now that the halving is PRICED IN.
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Pseudo-Random
Member
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Activity: 80
Merit: 27
A dream that you had, about being a person.
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June 17, 2016, 06:29:34 AM |
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Hate to be the bearer of bad news, but finex longs gone full retard off deep end and are at $42.5MM now, while shorts are relatively unchanged. If they're squeezed everyone is going to have a bad time
Well.. Nostradamus! Impressive  Unreal how there are no real pullbacks, In the end this is going to cause a violent snapback at some point.
Such accuracy, much clockwork *_* >>  |
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calme
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June 17, 2016, 06:49:05 AM |
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Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin
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Mrpumperitis
Legendary
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Activity: 2730
Merit: 1075
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June 17, 2016, 06:54:43 AM |
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woaa, hold your btc or sell for fiat or eth or a bit of all ,lol which way will you go
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Mrpumperitis
Legendary
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Activity: 2730
Merit: 1075
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June 17, 2016, 06:55:41 AM |
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Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin
and call my boss back saying i was drunk ( on power )sorry ,lol |
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kehtolo
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June 17, 2016, 06:58:49 AM |
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This is all Mat's fault...  |
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ironbit
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June 17, 2016, 06:59:13 AM |
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What's going on? Why there is this dump right now? Any cause? Anyway, in my opinion I don't think that market has reached that maturity that will allow it to mantain a price so high.
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TERA
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June 17, 2016, 06:59:57 AM |
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I think finex led China on the bounce there.
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600watt
Legendary
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Activity: 2338
Merit: 2106
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June 17, 2016, 07:00:27 AM |
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This is all Mat's fault... he went long i guess.. |
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AirFlame
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June 17, 2016, 07:02:04 AM |
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Correction to 400+ ?  |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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June 17, 2016, 07:07:21 AM |
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770 was too fast... this was bound to happen next, but think we are still in great shape overall  |
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Pseudo-Random
Member
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Activity: 80
Merit: 27
A dream that you had, about being a person.
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June 17, 2016, 07:10:12 AM |
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Well, shit. I just called my boss an assfuck and told him I quit. And now the price falls. So I will change strategies & short on 10x margin
Suicidal. The hardest thing to time & riskiest/least profitable to do is : [1] Short a dump further Followed by : [2] Long a breakout [3] Short a top (as far as large-cap, well-run, excellently-performing/promising-sector equities, some commodities, and established crypto) [4] Long a dump In other words, hats off to whoever managed to snag that juicy $705-709 range on 'Finex just now, closing that long on the inevitable retrace-up. Panic/margin call cascade drops like these are the single most rewarding opportunity. I could only grab one long @ $734 and another @ $712 myself. There's a sizable possibility we go down yet further in the coming hours/days, just a bit, flirting w/ $680-695. There's also a very faint but frightening possibility we go down considerably harder than that, a scenario only made possible (no exceptions) if China's PBOC "bans" Bitcoin yet one more time, or some very hardcore protocol hitch, dev team trouble or asian mining consortium bad news hits the wires ; In which case this 'Vinny Lingham Signature' rally would be stopped in its tracks until we are a few days away from the actual July Halving Day, or possibly even for the entire summer ;/ |
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TERA
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June 17, 2016, 07:11:28 AM |
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strawbs
Legendary
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Activity: 868
Merit: 1340
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June 17, 2016, 07:21:01 AM |
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Wow, just woke up to this  Looks like their ammo is spent though and we're now correcting back up. Glad I slept through that. |
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TERA
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June 17, 2016, 07:23:29 AM |
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It's like I've seen that same dip 50 times in the past 2 years.
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