HI-TEC99
Legendary
 Offline
Activity: 2772
Merit: 2846
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January 18, 2017, 01:13:52 AM |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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DaRude
Legendary
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Activity: 2758
Merit: 1768
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
Offline
Activity: 2772
Merit: 2846
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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
Offline
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
Offline
Activity: 3542
Merit: 5039
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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
Offline
Activity: 1843
Merit: 1338
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
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Activity: 3696
Merit: 10134
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
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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
Offline
Activity: 3696
Merit: 10134
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
Offline
Activity: 3420
Merit: 4331
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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
Offline
Activity: 3696
Merit: 10134
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
Offline
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
Offline
Activity: 3696
Merit: 10134
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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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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January 18, 2017, 07:36:24 AM |
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Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive as much as 80 percent of bitcoin trading, mimicking strategies honed by some of the biggest players on Wall Street. To them, bitcoin is just the latest asset class ripe for conquering with machines. For once I completely agree with Bloomberg. This is the reality for the bitcoin price market. We all know it. Reference: https://www.bloomberg.com/news/articles/2017-01-16/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons |
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yefi
Legendary
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Activity: 2842
Merit: 1510
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January 18, 2017, 07:45:45 AM |
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Holding on to that rocket like a pro  |
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rjclarke2000
Legendary
Offline
Activity: 1358
Merit: 1016
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January 18, 2017, 08:47:11 AM |
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Good morning everyone. Morning here anyway.
What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.
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bitcoinminer42
Legendary
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Activity: 1904
Merit: 1185
notorious shrimp!
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January 18, 2017, 09:37:06 AM |
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Good morning everyone. Morning here anyway.
What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.
i predict 2nd |
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