PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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January 17, 2017, 07:36:00 AM |
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Wow it's going up fast what's going on?
People are buying And fewer people are n't selling. FTFY
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 17, 2017, 07:40:24 AM |
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Wow it's going up fast what's going on?
People are buying And fewer people are n't selling. FTFY Thank you for your pedantic lesson on market mechanics. Can we get back to posting rockets and trains now?
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harrymmmm
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January 17, 2017, 07:40:46 AM |
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Wow it's going up fast what's going on?
People are buying And people aren't selling. Actually they are, that's how the people buy in the first place..... For price to move up, there has to be more buyers at the current price than sellers. This isn't even the right way to state it. There's still the same number of sellers as buyers, right? Maybe the right way to state it is to say that the buyers are willing to cross the spread to buy, while the sellers are not...
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yonton
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January 17, 2017, 07:42:04 AM |
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Are margins back on Chinese exchanges?
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 17, 2017, 07:42:16 AM |
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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January 17, 2017, 07:42:31 AM |
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Wow it's going up fast what's going on?
People are buying And fewer people are n't selling. FTFY Thank you for your pedantic lesson on market mechanics. Can we get back to posting rockets and trains now?
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600watt
Legendary
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Activity: 2338
Merit: 2106
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January 17, 2017, 07:55:41 AM |
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is it december all over again? wtf? edit: i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains. but ... but ... hard to humble. edited 20x
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mymenace
Legendary
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Activity: 1596
Merit: 1061
Smile
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January 17, 2017, 08:04:58 AM |
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top out about 1000-1050
dropping to 750-800
averaging out about the magical $888 signifying the Chinese triple fortune numerology conspiracy theory
for rocket ships and moons to start appearing
close enough moons and rockets please
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Gillette
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January 17, 2017, 08:15:17 AM |
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I wonder if Tzupy bear is still waiting for $600?
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mainpmf
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January 17, 2017, 08:17:52 AM |
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is it december all over again? wtf? edit: i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains. but ... but ... hard to humble. edited 20x Is that christmas again? I love waking up seeing I'm 10% richer than when I went to sleep. And this, my friend, is the magic of bitcoin. All pray the yellow coin!
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GBattaglia
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January 17, 2017, 08:18:35 AM |
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the panic sellers that didn´t want to slide down in agony with their live savings a second time around after nov.2013 are now getting the FOMO. some of them may have left btc for good, but most of them were just scared. they will jump back the closer it gets to their prior sell level.
because for a bitcoiner it is painful to see a 30% drop in price. but it is much more pain to even lose some btc when it rises again , and they haven´t bought back in.
so expect more of those 5% upward jumps. fuck yeah.
edit: $870/Y6000 will be resistance for a while, tough.
edit2: it was resistance for about 3 minutes, lol
Was coming here just to say that resistance didn't resist very long. China soon to be 6200 and BTC-E pushing $880. China isn't leading very much in this rise though which I think is a good thing. Really I was expecting the rise to resume when and if the PBOC says their inspection of BTC-China came out all clear.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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January 17, 2017, 08:22:11 AM |
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PBOC banned leveraged buying and SELLing ... time for some price discovery without deluges of fake fiat coins.
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unknown04
Full Member
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Activity: 219
Merit: 100
Art is the triumph over chaos
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January 17, 2017, 08:23:46 AM |
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is it december all over again? wtf? edit: i promised myself to be humble when there is another rise. not to flip out. not to laugh about bears. not to brag about my virtual gains. but ... but ... hard to humble. edited 20x Is that christmas again? I love waking up seeing I'm 10% richer than when I went to sleep. And this, my friend, is the magic of bitcoin. All pray the yellow coin! Chinese New Year is coming Jan 28-29 if not mistaken. Might expect huge changes during that period.
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notme
Legendary
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Activity: 1904
Merit: 1002
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January 17, 2017, 08:32:14 AM |
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Payload delivered... time for this:
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dmwardjr
Legendary
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Activity: 1302
Merit: 1318
Technical Analyst/Trader
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January 17, 2017, 09:05:38 AM |
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What BTCUSD "COULD" have been without Mt. Gox compared to current: EDIT: Possible it could have been less high of an angle. We'll never know... Talking about 2013 WITHOUT Mt. Gox.
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
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: 4158
Merit: 4815
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
Legendary
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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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