PoolMinor
Legendary
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Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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January 17, 2017, 09:06:12 AM
Last edit: January 17, 2017, 10:31:46 AM by PoolMinor |
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~$870 and then ↑
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 17, 2017, 09:39:42 AM |
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Look folks, the Christmas crash is turning out to be one of those "overheat fan" type corrections after all, as described in this post. See also long range view here.  |
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JimboToronto
Legendary
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Activity: 4690
Merit: 6169
You're never too old to think young.
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January 17, 2017, 09:44:01 AM |
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Well well well. They say a watched kettle never boils.
I go out for some live music and a few cold Guinness Extra Stouts and stop in for a lungful on my way home (without my Android device), blissfully unaware of what was happening in Bitcoinland, and I come home to this.
It's about time. I can't believe it took almost a week for people to come to their senses and realize that the PBOC-rumor-induced dip of the last 2 weeks was just a silly little panic... weaklings selling their coins at an artificially low price, while wise holders laughed and accumulated.
Congratulations to all those who took advantage of an outstanding buying opportunity and my deepest condolences to those who sold.
At no point did it ever feel like a trend reversal to me. The fact that it coincided with a time when a small correction was overdue was very fortuitous. It sent the price much lower than it should have gone, creating a chance for bulls to stock up and for bears to have their first Teddy Bears' Picnic since July.
Now we seem back on track.
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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January 17, 2017, 09:45:02 AM |
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Look folks, the Christmas crash is turning out to be one of those "overheat fan" type corrections after all, as described in this post. See also long range view here. The two I deeply love, trust and enjoy their persona and TA. Toknormal and PoolMinor. |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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January 17, 2017, 10:01:03 AM |
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Of course the press won't report the recovery because as far as they're concerned, anything outside the white box just didn't happen.  |
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mymenace
Legendary
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Activity: 1596
Merit: 1061
Smile
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January 17, 2017, 10:12:26 AM |
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Of course the press won't report the recovery because as far as they're concerned, anything outside the white box just didn't happen. buy on rumors, sell on news |
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Cassius
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Activity: 1764
Merit: 1031
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January 17, 2017, 10:30:19 AM |
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Press will be interested again on ATH. Then they will talk about volatility instead.
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JimboToronto
Legendary
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Activity: 4690
Merit: 6169
You're never too old to think young.
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January 17, 2017, 10:32:50 AM |
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Hello $888 my old friend (Stamp). LOL  Good luck returning to china?  Just realized what time it is... after 5:30AM local time. I'd better get to bed. See you at noon. |
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Yves_Oluchione
Newbie
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Activity: 16
Merit: 0
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January 17, 2017, 11:22:57 AM |
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Cassius
Legendary
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Activity: 1764
Merit: 1031
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January 17, 2017, 11:51:14 AM |
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Brexit is just one of the many pieces of the picture behind the fundamentals. Trump presidency, US interest rate rises, Italy's banking sector, popular sentiment across Europe, China's economy, currency wars and reorganisation of Politburo Standing Committee later this year... There's a lot, really. |
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xxxgoodgirls
Legendary
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Activity: 1092
Merit: 1001
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January 17, 2017, 12:29:43 PM |
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Is another rally going to start?
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bitcoinminer42
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Activity: 1904
Merit: 1185
notorious shrimp!
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January 17, 2017, 12:40:36 PM |
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no just sell your coins |
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gembitz
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January 17, 2017, 01:05:53 PM |
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^$900 close ~ street price in India prolly still 1000+ *anyone over there?* |
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lightfoot
Legendary
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Activity: 3430
Merit: 2530
I fix broken miners. And make holes in teeth :-)
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January 17, 2017, 01:35:42 PM |
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The question is can people pump and dump without 100x leverage?
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becoin
Legendary
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Activity: 3431
Merit: 1233
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January 17, 2017, 02:04:33 PM |
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The question is can people pump and dump without 100x leverage?
What for? Bitcoin will do much better without margin trading because one can sell bitcoins ONLY if they have bitcoins! |
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LFC_Bitcoin
Diamond Hands
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Activity: 4256
Merit: 12783
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January 17, 2017, 02:11:52 PM |
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Is another rally going to start?
Hopefully! The price is moving in the right direction now at least. |
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j753k
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January 17, 2017, 03:12:42 PM |
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Nice pump today, was really hoping to load up more in the 700's though....
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gembitz
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January 17, 2017, 03:29:14 PM |
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If Chinese were actually SHORT BTC perhaps there is a "short squeeze" occurring!? |
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lightfoot
Legendary
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Activity: 3430
Merit: 2530
I fix broken miners. And make holes in teeth :-)
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January 17, 2017, 03:47:02 PM |
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What for?
Bitcoin will do much better without margin trading because one can sell bitcoins ONLY if they have bitcoins!
I know. I have a vested interest in a more stable bitcoin price as I work for and get paid in bitcoin. I want other people to do this without fear they have to be bot traders as well. We shall see. |
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JimboToronto
Legendary
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Activity: 4690
Merit: 6169
You're never too old to think young.
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January 17, 2017, 04:45:12 PM |
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Good morning Bitcoinland.
I see we've held onto most of last night's gains... currently $892USD (Bitcoinaverage).
I also see Huobi, Finex and Stamp pretty much at par. This is extremely healthy IMHO.
What the FUDsters and Bitcoin haters tried to blow up into a crash, turned out to be a positive thing for Bitcoin.
Panic's over. Now it's time to get back to the normal upward growth.
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