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micalith
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November 20, 2013, 04:30:30 PM |
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The exchanges are closing the price gaps between each other again, this also happened during the end of the last correction so I consider this very bullish.  ^ this however, I'm still not ruling out a large bull trap |
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barbs
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November 20, 2013, 04:30:37 PM |
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...as if any of this trading has anything to do with supply and demand. This is big pockets lining themselves with money. No doubt.
Same guys that caused the dump last night are now driving the price back up, full of fiat from selling at the top now they rebuy all their coins and more. What a joke.
Don't bother with trend analysis, the agenda is clear. We're going back up now. I for one have my profit BTC set to the side as we go to 10,000 and am taking a break from this for a while. See you guys on the moon.
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 20, 2013, 04:30:47 PM |
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come on bears
DUMP YOUR COINS!!
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haightst
Newbie
Offline
Activity: 42
Merit: 0
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November 20, 2013, 04:32:01 PM |
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i do not feel comfortable with all this dirty fiat, please everyone sell now so i can buy back already.
you don't have any BTC left?  |
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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November 20, 2013, 04:32:36 PM |
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come on bears pigs
DUMP YOUR COINS!!
corrected Bear and proud! @pigs and panic newbie bull: Thank you for the cheap coins  |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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November 20, 2013, 04:32:43 PM |
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China isn't buying it, apparently.
China is still selling... Just watch the charts (24h). Gox/Stamp up in the last few hours -> against the china trend China looks more like 3000-3500 CNY. It is so easy to sell in China. I started the selling program yesterday when I realized that the price had overshot: - Open the account in BTC China- After a few hours you get confirmation email - You can fund your account instantly (no limit in funding) - Selling works well and liquidity is good - today I have already bought 6.2M CNY I managed to lose a trading password, needed for initiating transactions. They reseted it on the phone, doing overtime. The clerk spoke very good English. The KYC procedure is also reasonable. No trading fees. Why should I ever trade in the western snailexchange?? Oh yes. How to get back the profits? There is currently a healthy 24% arbitrage between Stamp and BTC China. If you sell now in China, you get $680 equivalent of CNY. When the premium evaporates (during the last 6 months, about half of the time premium has been about 0% and most of the time <10%), you buy back, transfer to Bitstamp, sell and pocket the money. I don't see how China premium could not revert to <10% in the next 2 days. |
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San1ty
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November 20, 2013, 04:33:10 PM |
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Downwards channel broken, I repeat Downwards channel broken!
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haightst
Newbie
Offline
Activity: 42
Merit: 0
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November 20, 2013, 04:34:24 PM |
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come on bears
DUMP YOUR COINS!!
~i'll trade me all my /\AC for 1 BTC = we can make moves/\\/wherever! LOL |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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November 20, 2013, 04:35:25 PM |
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Downwards channel broken, I repeat Downwards channel broken!
Yes and the falling wedge. |
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dreamspark
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November 20, 2013, 04:36:07 PM |
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The SEPA's have finally arrived on Stamp. Expect a small surge at least.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 20, 2013, 04:36:17 PM |
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walls bears, we need walls!
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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November 20, 2013, 04:36:38 PM |
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Sorry Bears, Game ON |
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haightst
Newbie
Offline
Activity: 42
Merit: 0
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November 20, 2013, 04:36:42 PM |
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China isn't buying it, apparently.
China is still selling... Just watch the charts (24h). Gox/Stamp up in the last few hours -> against the china trend China looks more like 3000-3500 CNY. It is so easy to sell in China. I started the selling program yesterday when I realized that the price had overshot: - Open the account in BTC China- After a few hours you get confirmation email - You can fund your account instantly (no limit in funding) - Selling works well and liquidity is good - today I have already bought 6.2M CNY I managed to lose a trading password, needed for initiating transactions. They reseted it on the phone, doing overtime. The clerk spoke very good English. The KYC procedure is also reasonable. No trading fees. Why should I ever trade in the western snailexchange?? Oh yes. How to get back the profits? There is currently a healthy 24% arbitrage between Stamp and BTC China. If you sell now in China, you get $680 equivalent of CNY. When the premium evaporates (during the last 6 months, about half of the time premium has been about 0% and most of the time <10%), you buy back, transfer to Bitstamp, sell and pocket the money. I don't see how China premium could not revert to <10% in the next 2 days. stop spamming~imo you are fos!  ..ahhh throw me some satoshis you cheap mudda sucka! wtf! |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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November 20, 2013, 04:37:15 PM |
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China isn't buying it, apparently.
China is still selling... Just watch the charts (24h). Gox/Stamp up in the last few hours -> against the china trend China looks more like 3000-3500 CNY. It is so easy to sell in China. I started the selling program yesterday when I realized that the price had overshot: - Open the account in BTC China- After a few hours you get confirmation email - You can fund your account instantly (no limit in funding) - Selling works well and liquidity is good - today I have already bought 6.2M CNY I managed to lose a trading password, needed for initiating transactions. They reseted it on the phone, doing overtime. The clerk spoke very good English. The KYC procedure is also reasonable. No trading fees. Why should I ever trade in the western snailexchange?? Oh yes. How to get back the profits? There is currently a healthy 24% arbitrage between Stamp and BTC China. If you sell now in China, you get $680 equivalent of CNY. When the premium evaporates (during the last 6 months, about half of the time premium has been about 0% and most of the time <10%), you buy back, transfer to Bitstamp, sell and pocket the money. I don't see how China premium could not revert to <10% in the next 2 days. Thats good to know! I might have to do that myself! |
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San1ty
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November 20, 2013, 04:37:48 PM |
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All aboard the bull-train again!
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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November 20, 2013, 04:38:38 PM |
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Craaaaazy rollercoaster.
Don't forget to sell on the way up. Or the newbies cry after the next bubble pop.
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RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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November 20, 2013, 04:40:06 PM |
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I do not think that "risk management" strategies are sound for BTC. In my book the only way to go is the following:
Invest in BTC an amount you are ready to lose
Don't forget to realize some fiat profits, because unrealized profits = non-existent profits.
Practical example:
Somebody that invested in January this year has already a 50x unrealized profit. Wise thing in my book would be to sell at least 10% of the BTC, cashing in a healthy 5x profit on the initial investment, while keeping 90% of the BTC for the next cycle.
I'm using this strategy myself, with a clear exit plan I tend to follow strictly. I was lucky because I managed to reach x100 in the last run-up (BTC doubled 3 times in 4 weeks), but I would have cashed out even at x50.
Golden advice. Thanks for helping me see this Rampion. |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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November 20, 2013, 04:40:41 PM |
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Too bad that gif pans down at the end, makes it harder to watch.
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