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DaRude
Legendary
 Offline
Activity: 2772
Merit: 1786
In order to dump coins one must have coins
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January 23, 2014, 08:41:46 PM |
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We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom However even if goes 5 deep it just means the slowest slide to 800 we ever saw. Maybe I misunderstood something, but do people really still believe there is going to be a China crash now? There's still that possibility. As far the chances of that happening is the current game. In a catastrophic even China would close Huobi and confiscating all the BTC holding, that surely would crash the whole market. Personally i think chances of that ever happening are moderately low (and partially already priced in). Chances of Chinese cracking down on the very first day the new law goes into effect are slim to none. So 31st/1st should be a good day. This weekend shouldn't be bad either. |
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FierceRadish
Member
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Activity: 84
Merit: 10
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January 23, 2014, 08:44:13 PM |
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I added this to my above post, but I want to make sure people see it as it is helpful confirmed bad news to show why SHOTRING bitcoin on maximum leverage is a winning strategy. Here, I'll quote a verified source: I forgot to add another devastating fact from confirmed sources. When companies like Overstock implement bitcoin we see it gets used "a lot" for the first few days and then usage drops off after a while. The fact that Overstock's entire customer base isn't using bitcoin yet demonstrates in yet another conclusive and verifiable way that the whole system is a failure. This is all proven. You can check it with a simple google search. Prouhon is Andy Kaufman and I claim my ฿5. |
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Richy_T
Legendary
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Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 23, 2014, 08:44:21 PM |
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Davyd05
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January 23, 2014, 08:45:55 PM |
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Just give me one little downward move. Had been waiting days for that retest of 800. If we can revisit 780-790 just one more time....  We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Yep. but they are so small (red candles).. they don't even add up to a candle of 2 medium volume drop days.. this is just laggard fear of China saying no again...which is really like a kid saying no to going to bed when he's sleepy. It's just a bullish consolidation, I think. I wasn't being sarcastic. yeah I was agreeing with you not so much fonzie's sarcasm |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 23, 2014, 08:46:39 PM |
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Maybe I misunderstood something, but do people really still believe there is going to be a China crash now?
yes it has been confirmed as yet to be confirmed bad news. China will crash bitcoin. China will crash bitcoin. China will crash bitcoin.  China will crash bitcoin. China will crash bitcoin. China will crash bitcoin. |
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saekki
Newbie
Offline
Activity: 31
Merit: 0
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January 23, 2014, 08:47:31 PM |
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I added this to my above post, but I want to make sure people see it as it is helpful confirmed bad news to show why SHOTRING bitcoin on maximum leverage is a winning strategy. Here, I'll quote a verified source: I forgot to add another devastating fact from confirmed sources. When companies like Overstock implement bitcoin we see it gets used "a lot" for the first few days and then usage drops off after a while. The fact that Overstock's entire customer base isn't using bitcoin yet demonstrates in yet another conclusive and verifiable way that the whole system is a failure. This is all proven. You can check it with a simple google search. I first thought your post was sarcasm, but judging by your previous posts I think it wasn't. So you are saying that when TV was invented, it was a failure because people didn't immediately throw away their radios? If a company pays 3% for every credit card transaction and just 1% for bitcoin it wins 2% for every sale using bitcoin. For 500k worth of sales that would make 10k. Who loses here; consumer who pays in bitcoin, the company who accepts bitcoin or credit card companies? Obviously I pulled these figures out of my ass, but you get the idea? |
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pietje
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January 23, 2014, 08:48:07 PM |
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We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom However even if goes 5 deep it just means the slowest slide to 800 we ever saw. Maybe I misunderstood something, but do people really still believe there is going to be a China crash now? There's still that possibility. As far the chances of that happening is the current game. In a catastrophic even China would close Huobi and confiscating all the BTC holding, that surely would crash the whole market. Personally i think chances of that ever happening are moderately low (and partially already priced in). Chances of Chinese cracking down on the very first day the new law goes into effect are slim to none. So 31st/1st should be a good day. This weekend shouldn't be bad either. yes probably still some stable stuff till next weekend, after that things will happen and probably up. |
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Davyd05
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January 23, 2014, 08:54:02 PM |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 23, 2014, 08:55:24 PM |
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I first thought your post was sarcasm, but ...
What is sarcastic about confirmed sources? He's legit. Just ask Tony Clifton. |
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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January 23, 2014, 08:55:34 PM |
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Yuck, this sort of FUD makes me sick. Absolutely sick. This is clearly just an attempt to scare people out of really good SHOTR positions based on good fundamentals against bitcoin. |
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fonzie
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January 23, 2014, 08:58:25 PM
Last edit: January 23, 2014, 09:29:26 PM by fonzie |
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I think it´s even more likely that Mt.Gox is closing it´s shop before the Chinese might get (partially) shutdown. Is that also already priced in?  In the last days we herad nothing than overall positive news, that would easily have justified a runup to 2-3000$. Still nothing happened. What we don´t know is how the market will react to BAD News. It looks like TA is just waiting for an official confirmation to justify a breakout downards. |
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hlynur
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January 23, 2014, 09:06:36 PM |
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nice...thanks for the summary, but could you split it up to several pages? my waterfox keeps freezing when i open it. (old quad, 8GB RAM) |
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JimboToronto
Legendary
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Activity: 3990
Merit: 4448
You're never too old to think young.
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January 23, 2014, 09:15:30 PM |
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I first thought your post was sarcasm, but judging by your previous posts I think it wasn't.
Previous posts? If sarcasm becomes chronic can it be called trolling? |
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pietje
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January 23, 2014, 09:23:45 PM |
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I think it´s even more likely that Mt.Gox is closing it´s shop before the Chinese might get (partially) shutdown. Is that also already priced in? In the last days we head nothing than overall positive news, that would easily have justified a runup to 2-3000$. Still nothing happened. What we don´t know is how the market will react to BAD News. It looks like TA is just waiting for an official confirmation to justify a breakout downards. the market is just waiting till the 31th before all the bull energy gets released. id ssy buy in soon or miss the train. |
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Richy_T
Legendary
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Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 23, 2014, 09:28:29 PM |
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nice...thanks for the summary, but could you split it up to several pages? my waterfox keeps freezing when i open it. (old quad, 8GB RAM) I may do something like that. Or resample the images to smaller size to save space (that would likely kill the animations though). |
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Ducky1
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January 23, 2014, 09:43:31 PM |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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January 23, 2014, 09:53:12 PM |
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Many Bitcoin users will just replenish their BTC when making a purchase on these sites too, if they are still wanting to hold as much coins as possible.
Overstock might be surprised at how much new business they get when bitcoin goes up significantly. Buying stuff may be the best way to take profits from a tax avoidance standpoint. I'm planning a whole bunch of purchases myself. That, plus anyone knows how much coinbase/bitpay charge merchants to process btc? If it's lower than 3%? credit cards charge merchants will embrace it with both hands as it bumps up their profit margins. Once wall st sees that there's $ to be made and wider adoption they won't sit on side lines. bitpay is 1% ( this includes currency conversion, its unbelieveable! ) Less if you use their flat fee options. All you can process... |
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