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Bunkervogel
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December 16, 2013, 09:20:47 PM |
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Looks like the pattern i spotted was spot on. Do i win any bitcoins for predicting the future?
epic  |
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HairyMaclairy
Legendary
 Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 16, 2013, 09:22:06 PM |
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Call the bottom with a time line.
Bottom at 425 on 4 January |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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December 16, 2013, 09:22:21 PM |
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The knife been well and truly caught?
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emanymton
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December 16, 2013, 09:23:12 PM |
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The knife been well and truly caught?
or dead cat well and truly bounced? |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 09:29:05 PM |
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I think this has another panic down leg in it yet
It's been so gradual so far, I don't even think we've reached the panic stage yet It wasnt gradual at all @btc-e enough with the btc-e there is no money there 40 millions $ traded today only on btc vs usd pair. |
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Davyd05
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December 16, 2013, 09:29:33 PM |
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800.00 here we come and i thought that was if were lucky. 825 next stop?
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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December 16, 2013, 09:30:01 PM |
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$4000 loss today, thats enough for today.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 09:30:26 PM |
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Very obvious dinosaur pattern on the graph, looks bearish as hell.  Looks like the pattern i spotted was spot on. Do i win any bitcoins for predicting the future? only if you sold at that point |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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December 16, 2013, 09:31:04 PM |
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To those who haven't know, it's confirmed third party payment services are forbidden to provide services to BTC/LTC exchanges in China. Whether bank service is allowed or not remains uncertain.
For those who still have fund and coins in China exchanges, please be alert the risk of sudden close of some of them.
Finally, the chance to buy cheap BTC becomes very high now.
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rocks
Legendary
Offline
Activity: 1153
Merit: 1000
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December 16, 2013, 09:31:11 PM |
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Deleted - Whoops read the previous wrong...
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Davyd05
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December 16, 2013, 09:31:32 PM |
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$4000 loss today, thats enough for today.
these lessons are harsh. My friends the turmoil is not over but remain ever prepared |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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December 16, 2013, 09:31:39 PM |
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trap?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 16, 2013, 09:32:08 PM |
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China is bouncing hard!
this news was a trap?
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Davyd05
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December 16, 2013, 09:32:21 PM |
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trap?
tempted to sell one or two if Cavirtex make the 800 mark if they go and break my 825 high for the day I think all bets are off though. I also would like to re iterate the money on the sidelines waiting to jump at the right moment. |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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December 16, 2013, 09:32:53 PM |
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trap?
too high volume for a trap !! watching carefully, but I really should go to sleep now |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 09:33:21 PM |
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The knife been well and truly caught?
not necessarily, it went up on very low volume. 1000 btc dump at china or gox and we're on bottom again. |
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NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
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December 16, 2013, 09:33:38 PM |
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You realize what this means right, the China market is pretty much dead in the water. Central bank won't allow for financial institutions to do business with bitcoin exchanges... Which only leaves the otc bitcoin market. There's no reason for anyone in China to hold bitcoins anymore. Everyone will sell and withdraw.
Right... because Chinese do no international trade.... lol Exactly genius, so American will buy stuff from China, pay in bitcoin and the manufactures in China will pay the labor and materials with a currency that's worthless inside the country. Win for USD as world reserve currency. Think man, THINK. You don't really understand bitcoin, do you. For international settlements, it is unbeatable. They don't have to spend it domestically at retail. USA is a consumer economy so it would matter in USA. China isn't. Get your head in the game man. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 09:33:53 PM |
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Deleted - Whoops read the previous wrong...
means buy and sell at bitstamp |
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Nolo
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December 16, 2013, 09:34:05 PM |
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trap?
Possibly, only time will tell. But we're seeing good support bids being placed, and if China wakes up and sees it rising from an overnight low, they may panic buy and jump on as well. But at the same time they may wake up to news about the third parties and panic sell. Too much uncertainty to know for sure what we're in right now. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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December 16, 2013, 09:34:47 PM |
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