spooderman
Legendary
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Activity: 1652
Merit: 1029
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October 22, 2013, 10:06:42 AM |
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The sting of $266 is still relatively fresh (about 4 times as fresh as the sting of $32, though that sting was much worse as price slid slowly to 1/16th and stayed very low instead of just a flash-crash to 1/5th and consolidation around 1/2). However, if we trust zhangweiwu's analysis this thing could go huge for a few days then crash in China, taking the rest of the world along for the ride. All just a side show along the exponential highway to $10,000 and beyond. This recent price action reminds me of early March, so maybe we consolidate for a week around $200, double a couple of times to like $800, crash to $250-300, then consolidate for a few months in the $500+ range. But of course history won't repeat so exactly.  Anyone here teach mandarin? |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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October 22, 2013, 10:11:16 AM |
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Anyone here teach mandarin?
translate.google.com, you can also change it to English |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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October 22, 2013, 10:15:22 AM |
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 China can blow this bubble pretty big. We have seen nothing yet. If even a little of the air in their housing bubble looks to find its way into Bitcoin, then this is just the froth. |
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Zangelbert Bingledack
Legendary
Offline
Activity: 1036
Merit: 1000
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October 22, 2013, 10:27:52 AM |
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Well, that's a government-subsidized bubble. If the Chinese government is backing Bitcoin, of course all bets are off. We are going to Pluto.
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ag@th0s
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October 22, 2013, 11:11:14 AM |
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Bit of a Dilemma. Obviously I'm a pretty shit trader - but checking my trading sheet, if I had simply bought BTC at the time I moved money into Stamp since May - I would have bought at 101 - 120 and 125 and right now I would have nearly double the coins that I do having traded for 5 months! 5 months of stress just to break even  So having just gone back in at $190 - what to do? |
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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October 22, 2013, 11:12:30 AM |
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Bit of a Dilemma. Obviously I'm a pretty shit trader - but checking my trading sheet, if I had simply bought BTC at the time I moved money into Stamp since May - I would have bought at 101 - 120 and 125 and right now I would have nearly double the coins that I do having traded for 5 months! 5 months of stress just to break even So having just gone back in at $190 - what to do? Panic and sell when it crashes to 150? seriously though....I lost 5 btc day trading and decided never to do it again. Long is the way forward. |
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TERA
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October 22, 2013, 11:14:28 AM |
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Bit of a Dilemma. Obviously I'm a pretty shit trader - but checking my trading sheet, if I had simply bought BTC at the time I moved money into Stamp since May - I would have bought at 101 - 120 and 125 and right now I would have nearly double the coins that I do having traded for 5 months! 5 months of stress just to break even So having just gone back in at $190 - what to do? Panic and sell when it crashes to 150? seriously though....I lost 5 btc day trading and decided never to do it again. Long is the way forward. I think the trick is to do it during the huge flash crash and after a bear market begins. Trying to do it during this exponential rise I have found to be futile. The only problem is trying to know when the crash will be... |
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ardana123
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October 22, 2013, 11:17:02 AM |
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Does someone have a link to a BTC China ticker? Or isn't there one?
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ardana123
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October 22, 2013, 11:21:57 AM |
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I could never get used to that shitty bitcoinity ticker. I need something like http://trading.i286.org/ where i have a clear oversight of the orderbook. |
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bzzard
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October 22, 2013, 11:36:58 AM |
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ardana123
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October 22, 2013, 11:40:46 AM |
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no realtime oversight of the orderbook |
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Kj1
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October 22, 2013, 11:44:31 AM |
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the spread between gox en stamp is betting smaller? Any ideas why?
Used to be 15$ spread when in 100-150 range, like >10%, now its 10$ around the 200 range, so about ~5%...
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ag@th0s
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October 22, 2013, 11:47:19 AM |
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LOL - that's my dilemma - I definitely should have held earlier, but in the immediate short term I can see the likelihood of a big correction which would test my resolve, even if it bounced back as it did after SR. I don't know if I've got the balls to see $50-60 or more taken off the price and Hold. |
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bzzard
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October 22, 2013, 11:49:01 AM |
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no realtime oversight of the orderbook btcchina do not provide socket api so there's no place where you can find realtime view |
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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October 22, 2013, 11:49:28 AM |
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the spread between gox en stamp is betting smaller? Any ideas why?
Used to be 15$ spread when in 100-150 range, like >10%, now its 10$ around the 200 range, so about ~5%...
arbitrage. someone is doing it. |
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