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magicmexican
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January 12, 2014, 02:13:39 PM |
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Have no idea what to do, i guess i ll hodl. Dont blame me pls
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T.Stuart
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January 12, 2014, 02:15:36 PM |
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Looks like 817 was the bottom on btc-e?
Dunno, this bounce is very weak. I'm thinking around 780 will be bottom. In this new zero-gravity atmosphere the weak bounce can be the good one What does that even mean? He believes that the bitcoin train is in space and is going to the moon shortly. That's about right, yeah.  |
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pietje
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January 12, 2014, 02:20:53 PM |
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Because China has declared that illegal and it will be likely smashed down upon very soon. So Huobi is essentially just the illegal exchange now.
A few days ago he said that they are trying to find a legal loophole by claiming to be in the ''internet industry'' and not the ''financial industry''. Who knows how this will turn out, the great houbini might trick us. One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something.. For now i just went back to btc. !r0WWd a country opening its financial arms to btc and we ignore it for the most part. An exchange might have to re structure the world is burning to the ground lol pisses me off that because China may or may not have an exchange we freak the fuck out.. if you they're smart you just leave the exchange you thought could collapse asap. I don't mind if you sell and withdraw or just send your btc to a wallet till you find a new exchange it's so trivial. I feel the same like you.. Point is, if it gets shut down in the near future there will be a crash. Just look at what this little news thing did. Somehow everything still depends on china, which is a huge unknown factor. And im not trading on huobi, but rather dont want to be in btc when it goes down  And because everyone thinks like that, we make our own crash. That is a sad attitude. To beat The Chinese government's attempt to crush bitcoin -- and all it stands for -- the best thing for us to do is keep spreading the news, get more buyers and people to use it. There's still quite a ways to go. Break dependence on China! Stand for freedom! Dont get me wrong, i'm not saying that if it happens there wont be a future for bitcoin. I'm also pretty certain we will reach new ATH's soon, but i do believe the price will go down if something happens with Huobi. After the "crash" or whatever you want to call it i will buy more coins back and hold them |
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YoYa
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January 12, 2014, 02:24:05 PM |
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Looks like 817 was the bottom on btc-e?
Dunno, this bounce is very weak. I'm thinking around 780 will be bottom. In this new zero-gravity atmosphere the weak bounce can be the good one What does that even mean? He believes that the bitcoin train is in space and is going to the moon shortly. That's about right, yeah.  |
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Davyd05
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January 12, 2014, 02:26:34 PM |
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This bounce is so in the anti gravity zone, hopefully it will hit the 5300 mark on huobi and rocket boosters ingnite
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T.Stuart
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January 12, 2014, 02:28:18 PM |
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Ha ha!  Love Monty Python! John Cleese! Have you watched Fawlty Towers? |
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T.Stuart
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January 12, 2014, 02:30:27 PM |
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Another one bites the dust  |
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pietje
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January 12, 2014, 02:43:38 PM |
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One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.
You are playing safe, which is commendable, but if you are long-term, a big gamble. The news recently has been huge and Bitcoin is spreading throughout the world like wildfire. You are passing on the chance to ride it up because of a possibility to catch a dip caused by something that might not ever happen. Thats why i just went back to btc after this huobi news/dip Im not saying im already acting on something that might happen, but if it does i will. |
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F-bernanke
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January 12, 2014, 02:48:21 PM |
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Another one bites the dust Wonder what happened there, somebody clicked buy instead of sell? |
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T.Stuart
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January 12, 2014, 02:49:19 PM |
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One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.
You are playing safe, which is commendable, but if you are long-term, a big gamble. The news recently has been huge and Bitcoin is spreading throughout the world like wildfire. You are passing on the chance to ride it up because of a possibility to catch a dip caused by something that might not ever happen. Thats why i just went back to btc after this huobi news/dip Im not saying im already acting on something that might happen, but if it does i will. The whole China thing should be in the past. It won't get banned any time soon over there but if it does Bitcoin has easily got room to grow ten times bigger in the US alone this year. But we're not even talking about a ban - it's about more restrictions with money flow - and still people are running for the hills. If you panic with the sheep you are just wasting time and delaying the inevitable... and taking a real risk that you'll sell at the wrong moment and buy back more expensive. |
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T.Stuart
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January 12, 2014, 02:53:26 PM |
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Wonder what happened there, somebody clicked buy instead of sell?
No, somebody clicked sell and then nobody else did. |
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Ivanhoe
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January 12, 2014, 02:56:00 PM |
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Wonder what happened there, somebody clicked buy instead of sell?
No, somebody clicked sell and then nobody else did. There was a market buy order right after that sell order and then another sell order afterwards, that buy order was very stupid imo. |
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JorgeStolfi
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January 12, 2014, 02:59:32 PM |
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Wonder what happened there, somebody clicked buy instead of sell?
Maybe he typed "buy 860 BTC at 991.7" instead of "buy 860 BTC at 911.7". Oops. |
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ChartBuddy
Legendary
 Offline
Activity: 2184
Merit: 1777
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 12, 2014, 03:02:50 PM |
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kromer
Member
Offline
Activity: 86
Merit: 16
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January 12, 2014, 03:08:39 PM |
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One way or another, it will likely be shut down somewhere in the future. And i dont want to be in btc when that happens, tricky part is to know when to sell and not be asleep or something..
For now i just went back to btc.
You are playing safe, which is commendable, but if you are long-term, a big gamble. The news recently has been huge and Bitcoin is spreading throughout the world like wildfire. You are passing on the chance to ride it up because of a possibility to catch a dip caused by something that might not ever happen. Thats why i just went back to btc after this huobi news/dip Im not saying im already acting on something that might happen, but if it does i will. Sorry I misread that you went to fiat. I must have just woken up. Good luck if you try to profit from the potential "crash", if/when it happens. I made a lucky trade after the BTCChina news in December and bagged myself 17 extra coins. |
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TERA
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January 12, 2014, 03:08:51 PM |
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Anyone want to guess why the drop stopped just then?
A) All the good PRs and merchant adoption.
B) Support and volume on non-chinese exchanges.
C) China is factored out now and everyone is super bullish about our new market free of China.
D) Someone proved the news is fake.
E) Huobi started buying tens of thousands of coins.
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T.Stuart
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January 12, 2014, 03:18:06 PM |
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Anyone want to guess why the drop stopped just then?
A) All the good PRs and merchant adoption.
B) Support and volume on non-chinese exchanges.
C) China is factored out now and everyone is super bullish about our new market free of China.
D) Someone proved the news is fake.
E) Huobi started buying tens of thousands of coins.
I told you. The Chinese love Bitcoin! |
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TERA
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January 12, 2014, 03:21:17 PM |
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I just think that people have an exaggerated impression about a sudden paradigm shift over a mere 3 months in which the dynamics of bitcoin trading and the amount of volume and depth needed to support the price has completely changed, when in fact if China is removed from the equation, things could go right back to how they were in early 2013. If this is the case then I probably do not want to touch bitcoin until I start seeing average daily volumes of 40K on btce and bitstamp again with 100K+ on hot days.
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T.Stuart
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January 12, 2014, 03:27:47 PM |
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I just think that people have an exaggerated impression about a sudden paradigm shift over a mere 3 months in which the dynamics of bitcoin trading and the amount of volume and depth needed to support the price has completely changed, when in fact if China is removed from the equation, things could go right back to how they were in early 2013.
First you're talking about a ban - that's not on the cards right at this moment. But it is a big question. How important is China to Bitcoin's fundamentals when the speculation has died down? Not important at this early stage I would say. Bitcoin is like a seedling now and will grow in any direction it has to. If we were a couple of years down the line and Bitcoin was in widespread use in China and then they banned it then yes, that would be a problem. But for now the only problems are FUD and panic. There is also support building every day in the US and other places. Why would things go all the way back to early 2013? No way in my opinion - the "cheap coins" will be snapped up before then!  |
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