marcus_of_augustus
Legendary
 Offline
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: 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: 4494
Merit: 5813
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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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
Legendary
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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: 4494
Merit: 5813
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
Legendary
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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: 3346
Merit: 2434
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
Legendary
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Activity: 4018
Merit: 11850
#1 VIP Crypto Casino
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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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