JayJuanGee
Legendary
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 12:48:40 AM |
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I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.
Aren't you yourself experienced enough? Even the grittiest poster here squeals 'mooooon' when it goes up $5 and then 'doooooooooooom' when it goes down by a similar amount. We're all a bunch of flighty schoolgirls while the real beasts lurk in the shadows. You are exaggerating. Of course several of us get excited when we see price movement in either direction, and sometimes some of us may exaggerate for real and sometimes for fun... Price movement is the topic of this thread, so of course there is going to be enthusiasm from time to time about the topic, and especially when the price seems to be moving more, when trade volume is picking up and when there seems to be a lot going on in the background .. such as the apparent price battle that has been going on for nearly four weeks, now, if not longer... Hadn't you noticed that BTC prices pretty much went up nonstop for more than three months and nearly doubled.. , and sure there has been quite a bit more too, but we have a lot of reasons to be excited, especially if we hold some lillie fiends and especially if we have attempted to plan for some "IT"S HAPPENING". You not excited these days, gentlemand? |
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2017Bubble
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January 18, 2017, 12:52:01 AM |
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So it was a bear trap?  |
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ACAB
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January 18, 2017, 12:57:10 AM |
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So it was a bear trap? Looks like it. Next stop $1200?  |
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PoolMinor
Legendary
Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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January 18, 2017, 01:08:29 AM |
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9
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HI-TEC99
Legendary
Activity: 2772
Merit: 2847
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January 18, 2017, 01:13:52 AM |
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DaRude
Legendary
Activity: 3314
Merit: 2187
In order to dump coins one must have coins
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January 18, 2017, 01:14:04 AM |
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So China's back at it with it's shenanigans i see
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sugarbaby
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January 18, 2017, 01:21:07 AM |
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Dont you have a better rocket than this one ...lol |
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HI-TEC99
Legendary
Activity: 2772
Merit: 2847
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January 18, 2017, 01:27:09 AM |
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Dont you have a better rocket than this one ...lol This one's appropriate for going sideways with little ups. I'll post a proper one after we go past the ATH again. I'm happy with going sideways with little ups for now, a slow rise is sustainable. |
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ImI
Legendary
Activity: 1946
Merit: 1019
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January 18, 2017, 01:28:41 AM |
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love the rocket
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Torque
Legendary
Activity: 3822
Merit: 5504
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January 18, 2017, 01:50:01 AM |
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Same pattern as June/July. Guys, this is going to bounce hard. 820-830 should be a bottom from this point forward. I would buy if I had any fiat left.  Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower. I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez! Now the the silly dumping is over, I still assert my original prediction. 820 will become the new floor moving forward. Nailed it. |
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PoolMinor
Legendary
Activity: 1845
Merit: 1348
XXXVII Fnord is toast without bread
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January 18, 2017, 01:59:21 AM |
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Same pattern as June/July. Guys, this is going to bounce hard. 820-830 should be a bottom from this point forward. I would buy if I had any fiat left. Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower. I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez! Now the the silly dumping is over, I still assert my original prediction. 820 will become the new floor moving forward. Nailed it. Still quite early to be patting yourself on the back. |
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JayJuanGee
Legendary
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 02:20:23 AM |
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Same pattern as June/July. Guys, this is going to bounce hard. 820-830 should be a bottom from this point forward. I would buy if I had any fiat left. Half my standby fiat just went back in at 798.5 - if I could have got into Stamp earlier, I might have nicked it lower. I hope you're right, Sir - next resistance is probably 5000 CNY level - below that...? Jeez! Now the the silly dumping is over, I still assert my original prediction. 820 will become the new floor moving forward. Nailed it. Still quite early to be patting yourself on the back. I think regarding $820.. we have ourselves a decent cushion and even a change in the momentum, but you are correct that we can never know for sure in bitcoinlandia... At the moment, it does seem that we had found the bottom in the mid $700s and then sufficiently bounced out of their in order to resume upwards a bit... .. but yeah, I never want to count my chickens too soon, either. |
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Sugetsu
Newbie
Activity: 18
Merit: 0
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January 18, 2017, 02:20:47 AM |
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Who the hell is dumping and why??? Seriously, i hope this recovers soon...
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JayJuanGee
Legendary
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 02:23:30 AM |
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Who the hell is dumping and why??? Seriously, i hope this recovers soon...
You expect to get nearly a 10% increase in a couple of days without any bumps in the road? Of course we are going to get dumps here and there, but then the question is whether those dumps are great enough to either stop the overall upwards or to reverse us... Way too early to know at this point, and way too early to know how many coins are available and are going to be thrown at this particular situation. |
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yonton
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January 18, 2017, 02:26:10 AM |
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It's morning in china and they want a little 888 action to get a lucky start for the day!
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sinner
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January 18, 2017, 03:10:04 AM |
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Who the hell is dumping and why??? Seriously, i hope this recovers soon...
Tim Draper  |
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Paashaas
Legendary
Activity: 4007
Merit: 6144
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January 18, 2017, 03:30:12 AM |
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Another run up? Cool. Unexpected but I like it.
Those with the best crystal balls win.
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JayJuanGee
Legendary
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 03:34:13 AM |
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Who the hell is dumping and why??? Seriously, i hope this recovers soon...
Tim Draper Nah.. that is unrealistic ... bitcoin bulls, such as draper, don't dump btc in such a way to try to tank the price, unless they become either jaded or rage quitting... |
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Sugetsu
Newbie
Activity: 18
Merit: 0
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January 18, 2017, 04:33:20 AM |
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All I see is little dumps of 0.02 or the like in bitstamp. This is keeping the price from going up, who do you think would want to do this? My theory is that it could be miners with thousands of coins and no transaction fees in some Chinse bitcoin site, or flash traders with bots doing hundreds of transactions a second.
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JayJuanGee
Legendary
Activity: 4438
Merit: 14402
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 04:46:01 AM |
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All I see is little dumps of 0.02 or the like in bitstamp. This is keeping the price from going up, who do you think would want to do this? My theory is that it could be miners with thousands of coins and no transaction fees in some Chinse bitcoin site, or flash traders with bots doing hundreds of transactions a second.
You are describing an ongoing practice of a multitude of traders, and from looking at these kinds of factors over such a short period, you cannot determine who or motive and it does not even really matter that much because the essence of the matter is that prices went up more than 10% in one day and the momentum is up, even if some folks want to slow down such upward momentum and are hoping that it will reverse.. You cannot really tell what is going to happen, including if someone might be preparing to dumb 1000 coins.. and maybe get some success and maybe not. |
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