molecular
Donator
Legendary
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Activity: 2800
Merit: 1023
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January 26, 2014, 03:19:45 PM |
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Can anyone explain the $200 difference with Gox?
Might be simple: people still can't get fiat out and are starting to capitulate |
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hd060053
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January 26, 2014, 03:20:25 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? i dont know, but the whales obviously know it. |
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T.Stuart
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January 26, 2014, 03:20:29 PM |
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This was like a 'crash' up kind of like Friday's 'crash' down. Every movement in any direction is very panicky right now because half of the people expect a moon and half of the people expect a crash. But it's probably still just part of a consolidation and will end up stabilizing around 810 for yet another week.
Consolidation has to break up in my belief. It's just a matter of when. |
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pietje
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January 26, 2014, 03:21:19 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? Because all the china 3th party processers already have stopped on all exchanges. Nothing is going to be any different on the 1st then the 31th. Alot of ppl are not realising this now, so when we reach the 1st and nothing changed, everyone panic buys back in. Just look at Huobi leading this rally. The chinese know whats going on. |
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DieJohnny
Legendary
Offline
Activity: 1639
Merit: 1006
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January 26, 2014, 03:21:31 PM |
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Can anyone explain the $200 difference with Gox?
Market analysis based on Elliot Wave Particle Duality Theory suggests that deltas over 10% typically are indicative of coming market failures. I'm running calculations now in my Google spreadsheet to confirm. wtf .... |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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January 26, 2014, 03:21:37 PM |
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 ridin this train |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 26, 2014, 03:21:55 PM |
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MMMM. Bear meat is delicious.  |
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Vigil
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January 26, 2014, 03:21:58 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? i dont know, but the whales obviously know it. According to what? The Gox move? Are you suggesting the big players in the market have access to Chinese government announcements before release? |
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T.Stuart
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January 26, 2014, 03:22:02 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? It is based on the premise that many have been expounding on here: that many Chinese would dump their coins to get out of the game come 31 January. That would be happening by now if it was going to happen. |
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Vigil
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January 26, 2014, 03:23:42 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? Because all the china 3th party processers already have stopped on all exchanges. Nothing is going to be any different on the 1st then the 31th. Alot of ppl are not realising this now, so when we reach the 1st and nothing changed, everyone panic buys back in. Just look at Huobi leading this rally. The chinese know whats going on. Huoboi isn't leading the rally, Gox is - its almost $200 above the others. |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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January 26, 2014, 03:24:12 PM |
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Smart money buying in anticipation of positive NY meetings and people realizing that nothing will happen in China.
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DieJohnny
Legendary
Offline
Activity: 1639
Merit: 1006
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January 26, 2014, 03:24:26 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? It is based on the premise that many have been expounding on here: that many Chinese would dump their coins to get out of the game come 31 January. That would be happening by now if it was going to happen. Greed is a powerful thing. I think many like myself are waiting for China to drop the India-government-approach-to-bitcoin shoe. They jailed the biggest bitcoin broker in India. China can not only jail the guy but decapitate him in public next week. Talk about a chilling effect...... |
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hd060053
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January 26, 2014, 03:25:18 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? i dont know, but the whales obviously know it. According to what? The Gox move? Are you suggesting the big players in the market have access to Chinese government announcements before release? i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox. |
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Vigil
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January 26, 2014, 03:26:28 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? i dont know, but the whales obviously know it. According to what? The Gox move? Are you suggesting the big players in the market have access to Chinese government announcements before release? i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox. The Huobi move came after Gox move. |
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Ivanhoe
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January 26, 2014, 03:27:33 PM |
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Smart money buying in anticipation of positive NY meetings and people realizing that nothing will happen in China.
DING DING DING, we have a WINNER! |
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T.Stuart
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January 26, 2014, 03:28:57 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? It is based on the premise that many have been expounding on here: that many Chinese would dump their coins to get out of the game come 31 January. That would be happening by now if it was going to happen. I think many like myself are waiting for China to drop the India-government-approach-to-bitcoin shoe. They jailed the biggest bitcoin broker in India. China can not only jail the guy but decapitate him in public next week. Talk about a chilling effect...... Yeah greed is powerful. Combined with a whole lot of FUD it has people desperate to double their money by waiting for half-priced coins. |
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pietje
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January 26, 2014, 03:29:20 PM |
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we wont stabilize now. There was too good news last month.
Big fiat hodlers see that no China-crash is coming and buy hard now.
How do you know that no China crash is coming? Because all the china 3th party processers already have stopped on all exchanges. Nothing is going to be any different on the 1st then the 31th. Alot of ppl are not realising this now, so when we reach the 1st and nothing changed, everyone panic buys back in. Just look at Huobi leading this rally. The chinese know whats going on. Huoboi isn't leading the rally, Gox is - its almost $200 above the others. lol gox isnt leading. Gox is imploding because there are even more withdraw problems starting a few days ago. No exchange cares what gox does atm. |
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TERA
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January 26, 2014, 03:29:55 PM |
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i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.
This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox. |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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January 26, 2014, 03:30:33 PM |
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It can't be reserve currency, not in the near future, not when 47 people, holding 30% of all bitcoins, mostly very young people can dictate its price... When, and if, they start to cash out we might start think about it... There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world. I cannot believe that, for many reasons.
I'm becoming increasingly convinced that it will become a major currency, a reserve currency. It has no counterparty risk. Debt-based money has always and will always fail, either gradually or suddenly. Only hard money is without counterparty risk. The technical superiority of BTC to gold is obvious, and you can't overcome that gap without introducing counterparty risk. USD,EUR,RMB,JPY are all teetering on the brink of the largest synchronized sovereign crisis in the history of the world. They have sown the wind, and will reap the whirlwind. It's mathematically inevitable at this point. We just don't know how long the dead men can keep walking. It can. You just disproved your own argument with your top posting. |
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