Torque
Legendary
Activity: 3822
Merit: 5504
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January 05, 2017, 04:57:11 AM |
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It's like Stamp just ran out of coins to sell  |
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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January 05, 2017, 04:58:06 AM |
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WTF is wrong with bitstamp?
China wants fomo but rest of western exchanges are not dooing much.
People are sleeping? Seeing as it is 1pm in China I am going with 'no' |
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coolbeans94
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January 05, 2017, 04:58:37 AM |
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RSI on the hourly flashing red flags. A healthy dip might be on the way.
naaa.. higher. the dip was intercepted... sad story, dips are a thing of the past. RSI on the hourly flashing red flags. A healthy dip might be on the way.
Maybe, but in times like these indicators go out the fuckin window. Just look at Bollinger's tweet about his shit being invalidated on the daily chart. Candlesticks are the only thing I'm looking at right now. Just gonna hold my longs until I see a big fucking red dildo rekking everyone, then sell the bounce. Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape. |
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notme
Legendary
Activity: 1904
Merit: 1002
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January 05, 2017, 05:01:13 AM |
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WTF is wrong with bitstamp?
China wants fomo but rest of western exchanges are not dooing much.
People are sleeping? Seeing as it is 1pm in China I am going with 'no' Bitstamp is not in China. |
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ZoSo15
Newbie
Activity: 8
Merit: 0
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January 05, 2017, 05:02:00 AM |
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Fuck yeah coolbeans. That's part of the reason why the west is trading so much lower than China right now. Buy in China, sell in the west, buy real estate in Vancouver or some shit. Makes me glad I'm longing Chinese markets this time around lol. Seriously, same shit as 2013, just more liquidity and more players.
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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January 05, 2017, 05:02:20 AM |
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WTF is wrong with bitstamp?
China wants fomo but rest of western exchanges are not dooing much.
People are sleeping? Seeing as it is 1pm in China I am going with 'no' Bitstamp is not in China. Apologies misread the context ! |
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infofront (OP)
Legendary
Activity: 2688
Merit: 3125
Shitcoin Minimalist
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January 05, 2017, 05:02:39 AM |
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Most people who book profit too early in a bubble end up being tempted to buy back in as they watch incredulously at a seemingly impossible rise. Even the great Newton wasn't immune to this.
There must have been people who sold at $140 at the start of the 2013 rally because the price had quickly doubled up from $70. Afterwards the best chance of buying back in they would get is at about $200 over a year later. I don't want to talk about how many I sold at $3 because the price had tripled. I was going to be making huge profits on my GPU mining at $1, so there was no way $3 was sustainable.  Sold my entire GPU mining stash at around $11 in 2011. I needed a new snowboard back then. Still have that old board in my bag, I've upgraded since, it's the one I let my friends ride rather than them having to hire a board. I tell them it's worth over $100K AUD now. i know the feels man.. I spent the 10~ coins I had back when I mined them aswell. Atleast I had .62 leftover for the first ath I mined ~130 BTC back in the day. I thought I did well when I sold them near the peak of the 2012 ATH of ~$32. |
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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January 05, 2017, 05:04:11 AM |
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Here I am sitting in bitcointy watching Huobi repeatedly hit "All Time High" It's quite addictive.
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PoolMinor
Legendary
Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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January 05, 2017, 05:05:02 AM |
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WTF is wrong with bitstamp?
China wants fomo but rest of western exchanges are not dooing much.
People are sleeping? |
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eddie13
Legendary
Activity: 2296
Merit: 2276
BTC or BUST
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January 05, 2017, 05:10:17 AM |
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Ibian
Legendary
Activity: 2268
Merit: 1278
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January 05, 2017, 05:13:19 AM |
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Most people who book profit too early in a bubble end up being tempted to buy back in as they watch incredulously at a seemingly impossible rise. Even the great Newton wasn't immune to this.
There must have been people who sold at $140 at the start of the 2013 rally because the price had quickly doubled up from $70. Afterwards the best chance of buying back in they would get is at about $200 over a year later. I don't want to talk about how many I sold at $3 because the price had tripled. I was going to be making huge profits on my GPU mining at $1, so there was no way $3 was sustainable. Sold my entire GPU mining stash at around $11 in 2011. I needed a new snowboard back then. Still have that old board in my bag, I've upgraded since, it's the one I let my friends ride rather than them having to hire a board. I tell them it's worth over $100K AUD now. i know the feels man.. I spent the 10~ coins I had back when I mined them aswell. Atleast I had .62 leftover for the first ath I mined ~130 BTC back in the day. I thought I did well when I sold them near the peak of the 2012 ATH of ~$32. I suddenly feel better about getting in late. Less about when you join, more about making a plan and following through. |
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coolbeans94
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January 05, 2017, 05:19:19 AM |
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8,800 Incoming... I said it before, and say it again:
Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.
8,800? I mean why not right?
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ZoSo15
Newbie
Activity: 8
Merit: 0
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January 05, 2017, 05:20:04 AM
Last edit: January 05, 2017, 05:52:53 AM by ZoSo15 |
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Yet another ascending wedge breaking up. Bitcoin, I love you so much.
Edit: Volume not very impressive.
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yrtrnc
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January 05, 2017, 05:22:10 AM |
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What's up bitstamps bum
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notme
Legendary
Activity: 1904
Merit: 1002
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January 05, 2017, 05:22:41 AM |
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8,800 Incoming... I said it before, and say it again:
Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.
8,800? I mean why not right?
Might as well go for 8888. |
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E
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January 05, 2017, 05:23:32 AM |
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Stamp wall finally coming under pressure - heads up!
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coolbeans94
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January 05, 2017, 05:25:34 AM |
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China doesn't give a shit, they just print more money, and keep buying. over 8,800 now!
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eddie13
Legendary
Activity: 2296
Merit: 2276
BTC or BUST
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January 05, 2017, 05:25:41 AM |
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8.8k cny just hapened..
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simmo77
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January 05, 2017, 05:26:04 AM |
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Tera, NLC, Stolfi...
One of these things is not like the others. A holder/trader who made some fucking excellent calls and then decided to just hold and not be stressed out all the time like me is a hell of a lot different than a bear troll or a... extremely misguided south american socialist. Edit: But idk, I've been OOTL here a bit. Tera didn't do anything stupid did he? Yeah fair call on Tera - he (or she, thought Tera was a lady? Not that it matters...) was always on the bearish side, but analysis was usually pretty sound and to his/her credit usually "showed her work"/reasons for making the calls. NLC and Trolfi on the other hand... oxygen thieves |
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