|
Davyd05
|
 |
December 09, 2013, 04:17:37 PM |
|
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what? big holders pumping the price after that trend reversal? good luck with that! you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down. I dont buy nor sell on any news. like somebody already said> news follow price. uh.. I think Price followed news but whatever |
|
|
|
|
|
fr33d0miz3r
|
|
December 09, 2013, 04:20:45 PM |
|
like somebody already said> news follow price, not the other way around.
totally agreed |
|
|
|
|
Odalv
Legendary
 Offline
Activity: 1400
Merit: 1000
|
|
December 09, 2013, 04:21:10 PM |
|
In this case you are losing coins, but your wealth is better protected. It's like paying "crash insurance". And if you do this always, someday you will win big when big crash comes. This isn't as easy to do as it seems in the pic.
And that is where the manipulators make their money. True. But his approach is still the most profitable one depending on how high you place the chance for total/near total failure of BTC. Don't tell me you're 100% sure BTC will make it?! Bitcoin may failure, but an exchange can total failure with much higher probability. (it happened countless times) |
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:25:24 PM |
|
like somebody already said> news follow price, not the other way around.
totally agreed so ..on the 5th BTC is @ 1153. the news dropped that day or Wednesday morning and then we see on Friday a whale dump occur.. are you saying that.. the whale saw that coming and were always planning to dump Friday. |
|
|
|
|
sumantso
Legendary
Offline
Activity: 1050
Merit: 1000
|
|
December 09, 2013, 04:27:22 PM |
|
like somebody already said> news follow price, not the other way around.
totally agreed so ..on the 5th BTC is @ 1153. the news dropped that day or Wedneday morning and then we on Friday a whale dump happened.. are you saying that.. the whale saw that coming and were always planning to dump Friday. The downtrend was there. The news caused a bigger crash. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 09, 2013, 04:32:04 PM |
|
yes.. it broke Friday cool story 3 days late.
It's just reminder for those who haven't sold yet  selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!! to me!  no ..you'll just swap em for fiat and buy WINE LOL.. but now I see the full red candles as you drinking wine.. and green ones when your out to buy more .. I am still joking though .. LOL! it hurts when i lol  |
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:34:43 PM |
|
like somebody already said> news follow price, not the other way around.
totally agreed so ..on the 5th BTC is @ 1153. the news dropped that day or Wedneday morning and then we on Friday a whale dump happened.. are you saying that.. the whale saw that coming and were always planning to dump Friday. The downtrend was there. The news caused a bigger crash. That logic means.. the price followed news.. I know it was trending down.. but that doesn't mean it just goes and corrects anyway .. the news and speculators pushed it down. I am not saying news pushes prices always.. but in panic sells I would say its a large part of the momentum. |
|
|
|
|
|
jonoiv
|
|
December 09, 2013, 04:34:57 PM |
|
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what? big holders pumping the price after that trend reversal? good luck with that! you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down. I dont buy nor sell on any news. like somebody already said> news follow price. uh.. I think Price followed news but whatever That assumption is wrong and originates from dow theory. Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub! But it's the 21st century with live news and the internet, that theory is 100% bollocks! |
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:35:49 PM |
|
yes.. it broke Friday cool story 3 days late.
It's just reminder for those who haven't sold yet selll aLLLLLLLLLLLLLLLLLLLLLLL the ci0nz!!!!2!!!!! to me! no ..you'll just swap em for fiat and buy WINE LOL.. but now I see the full red candles as you drinking wine.. and green ones when your out to buy more .. I am still joking though .. LOL! it hurts when i lol Did you not drink the water prescribed...heal up I need you in top shape to buy bear coins |
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:37:40 PM |
|
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what? big holders pumping the price after that trend reversal? good luck with that! you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down. I dont buy nor sell on any news. like somebody already said> news follow price. uh.. I think Price followed news but whatever That assumption is wrong and originates from dow theory. Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub! But it's the 21st century with live news and the internet, that theory is 100% bollocks! its unclear whether you think price follows news or news follows price.. I personally think both occur and differ based on various things like type of news, current trends etc |
|
|
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:40:22 PM |
|
lol nice picture, as I've never seen a bull trap ( not meaning in the market ) I would assume you may have caught a bear with that
|
|
|
|
|
tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
|
|
December 09, 2013, 04:49:45 PM |
|
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what? big holders pumping the price after that trend reversal? good luck with that! you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down. I dont buy nor sell on any news. like somebody already said> news follow price. uh.. I think Price followed news but whatever That assumption is wrong and originates from dow theory. Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub! But it's the 21st century with live news and the internet, that theory is 100% bollocks! technology is super fast. people lag. + everything follows price. if it wasnt for price - nobody would have heard about bitcoin. |
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:51:21 PM |
|
except for me as a computer enthusiast and I was interested in the fact the silk roads was able to exist. I mean price had nothing to do with why I initially found Bitcoin just saying. I'm also quite sure many many many people bought some for tons of reason other than speculation and they ending up winning just out of pure luck.
|
|
|
|
|
|
jonoiv
|
|
December 09, 2013, 04:51:25 PM |
|
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what? big holders pumping the price after that trend reversal? good luck with that! you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down. I dont buy nor sell on any news. like somebody already said> news follow price. uh.. I think Price followed news but whatever That assumption is wrong and originates from dow theory. Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub! But it's the 21st century with live news and the internet, that theory is 100% bollocks! its unclear whether you think price follows news or news follows price.. I personally think both occur and differ based on various things like type of news, current trends etc As far as I understood it, dow theory states that by the time news is common knowledge the price has already been effected. But this was back when communication was slow. Today you may well stumble upon news before it's mainstream and watch for the early signs the price is changing. Where as 100 years ago the price went low then later you heard why it happened. Like when I heard about silk road. I read a post on this forum and went to btc-e and the price had only just started to move. The person that wrote the thread could have sold before he even wrote the thread about the silk road and dumped before any market change. I was one of the first to see the post and sold all my LTC just in time, before reburying later. |
|
|
|
|
|
Davyd05
|
|
December 09, 2013, 04:54:05 PM |
|
it broke on a butt load of volume
I wouldn't be surprised to see the bitcoin market do somthing its never done b4, ignore TA and go CHOOOO CHOOOOO MOTHERFUCKERS
like what? big holders pumping the price after that trend reversal? good luck with that! you do know the price only dropped cause people spread mass fear that china blanket banned bitcoin right? And that the Chinese exchange lead all "weak"end while bears sold em cheap coins.. further extrapolated by speculators noticing the trend changing and further pushing it down. I dont buy nor sell on any news. like somebody already said> news follow price. uh.. I think Price followed news but whatever That assumption is wrong and originates from dow theory. Sure it may have been true 100 years ago when news came from, the local rag, the grape vine and the man down the pub! But it's the 21st century with live news and the internet, that theory is 100% bollocks! its unclear whether you think price follows news or news follows price.. I personally think both occur and differ based on various things like type of news, current trends etc As far as I understood it, dow theory states that by the time news is common knowledge the price has already been effected. But this was back when communication was slow. Today you may well stumble upon news before it's mainstream and watch for the early signs the price is changing. Where as 100 years ago the price went low then later you heard why it happened. Like when I heard about silk road. I read a post on this forum and went to btc-e and the price had only just started to move. The person that wrote the thread could have sold before he even wrote the thread about the silk road and dumped before any market change. I was one of the first to see the post and sold all my LTC just in time, before reburying later. I agree, I will admit that the problem we face today is fact checking and finding multiple points of data that correlate to the points being made in an article. Lots of blogs, and even mainstream news that just get it so wrong. |
|
|
|
|
|
I_bitcoin
|
|
December 09, 2013, 04:58:51 PM |
|
except for me as a computer enthusiast and I was interested in the fact the silk roads was able to exist. I mean price had nothing to do with why I initially found Bitcoin just saying. I'm also quite sure many many many people bought some for tons of reason other than speculation and they ending up winning just out of pure luck.
+1 this. I was in way before price started doing the monkey dance. Way too fascinating what Bitcoin can do. |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2184
Merit: 1777
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
December 09, 2013, 05:01:54 PM |
|
|
|
|
|
|
|
Parazyd
|
|
December 09, 2013, 05:24:03 PM |
|
At $1000 in 12 hours |
|
|
|
|
|
Jcw188
|
|
December 09, 2013, 05:29:34 PM |
|
The question as far as I'm concerned is whether this is real or some type of dead cat bounce. I mean to get over $1000, close to $1100 would mean something to me. If it stalls out soon though I'd be worried it's headed for another drop. We'll see I guess. Anyone familiar with characteristics of dead cat bounce?
|
|
|
|
|
|
Poll
