MatTheCat
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February 06, 2014, 02:16:35 AM |
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Gox dropping again!!!
WOOHOOOO!!!!!
Wait no, not so fast! a 1e -8 transaction just took the spot price back $860 on Gox. The bottom is in and the recovery is on!
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OldGeek
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Blitz:The price affects the perception of the news
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February 06, 2014, 02:17:47 AM |
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My bet is this is almost as uneventful as "January 31st" as most chinese btc investors who are still willing to play the game have moved on to Huobi and dont care about btcchina.
I thought that Loaded made a special trip just to 'fix' the Chinese markets.
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shmadz
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February 06, 2014, 02:18:33 AM |
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Gox dropping again!!!
WOOHOOOO!!!!!
Wait no, not so fast! a 1e -8 transaction just took the spot price back $860 on Gox. The bottom is in and the recovery is on! Blasphemy. Let this sucker crash and burn! <400 here we come!!!
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Vigil
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February 06, 2014, 02:19:24 AM |
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Gox dropping again!!!
WOOHOOOO!!!!!
Wait no, not so fast! a 1e -8 transaction just took the spot price back $860 on Gox. The bottom is in and the recovery is on! What?
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nakaone
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February 06, 2014, 02:19:27 AM |
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but seriously - this apple stuff is fuckin bad news
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Erdogan
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February 06, 2014, 02:19:38 AM |
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I think those were last cheap coins... Tomorow btc china will be full of fiat again.
Edit. Now we sow how much money is on stamp account... Was lots of selling in last 24h and the price moved +/-10$
It is 10 am 'tomorrow' in China right now. and what is happening on BTC China different from yesterday or the day before that? That's only verbal diarrhea. BTC-China will stay a zombie, and if not, that doesn't change nearly nothing. What should be the difference to Huobi? Moreover Huobi will be stay more attractive for chinese traders, since they have no trading fees. BTCChina has adopted the maker/taker fee strategy. It does not do much to the trade volume, but I guess it is pleasant for those who just want to sell or just want to buy. Bids and asks are .01 renminbi away from each other, with lots of coins at either side. And the price stays within this range for hours at the time. So I guess there is a difference. A nice addition to the ecosystem.
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adamstgBit
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February 06, 2014, 02:22:13 AM |
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but seriously - this apple stuff is fuckin bad news
apple has been removing the bitcoin app for years now someone puts it up in the app store they remove it.
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notme
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February 06, 2014, 02:23:14 AM |
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but seriously - this apple stuff is fuckin bad news
Why? It's not the first time they kicked out blockchain.info. It's not the first time they've rejected or kicked out other apps. Apple has taken a defensive posture when it comes to bitcoin apps. They are making 30% for processing itunes and app store payments and they don't want anything to interfere with that. It's the only business model they have left at this point.
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shmadz
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February 06, 2014, 02:24:45 AM |
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Added bonus to today's price movements, virtex price is now roughly equal to gox price. the 90 cents to the dollar conversion rate of CAD nicely offsets the goxbux tax seen in the gox price.
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shmadz
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February 06, 2014, 02:25:38 AM |
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but seriously - this apple stuff is fuckin bad news
bad news for apple stock hodlers, that's for sure.
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seleme
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February 06, 2014, 02:28:04 AM |
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I'm never sure in anything Bitcoin related, that's why I said it might hunt me one day.
I'm still enjoying to see some of the big mouth bears hurting though.
Yup. Always have some dry powder available and never sell all your bitcoin. 30k on Stamp waiting for cheap coins since December. Will touch them if coins get cheap or if choo choo would be very much wow obvious ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) while I got you on the line, mind voicing your opinion on how these Chinese exchanges make their money while offering 0% fees. I don't trust that one bit. Manipulation ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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keithers
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This is the land of wolves now & you're not a wolf
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February 06, 2014, 02:49:51 AM |
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Today has had the most variance that we have seen in about a week I think. Too bad it was mostly downward. We have almost recovered to the morning's price. I am all about slow and steady growth, but I have to admit that I miss the massive volatility swings ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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shmadz
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February 06, 2014, 02:53:54 AM |
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Today has had the most variance that we have seen in about a week I think. Too bad it was mostly downward. We have almost recovered to the morning's price. I am all about slow and steady growth, but I have to admit that I miss the massive volatility swings ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I get the feeling that the next massive volatility swing will be up. The market almost seems like it's trying to crash, but I think waiting forever to hit your price might be foolish. I try to buy the dips and sell the spikes.
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virtualfaqs
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February 06, 2014, 02:54:30 AM |
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I don't see the point of the Mtgox dump.
The chances of withdrawing your BTC successfully are still higher than fiat withdrawals.
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empowering
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February 06, 2014, 02:55:13 AM Last edit: February 06, 2014, 03:10:17 AM by empowering |
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Bitstamp Upside breakout scenario. Bitstamp Starting point was $820/5 February 01, 2014 at around 02:55:31 PMI have laid out my upside possible resistance/pivots/supports from my original post for easier viewing. If we break out from now or over the next few weeks or at least the next month then from $820-$825 I see the following possible resistance/pivots/supports. $840-$858 $858-$880 $880-900 ($900 psychological for USD) $900-$910/5 (could be a psychological resistance level as also $908/10 = CNY5500) $910-$928 $928-$945 $945-$970 $991 - (could be a psychological resistance level as also $990/1 ish = CNY6000) $Onwards past $1000 and retacements end at $1176 not really looked $Cape Canaveral Downside scenario from this current $820 - $825 channel I can see the possible supports/pivots/resistance $825 (this price could also be a psychological support because $825= CNY4999.99) $817 - We dipped down to here for quite some time a good few hours February 01, 2014, 09:32:01 PM now hovering on or around $817 within plus or minus $2ish- or CNY 50 short of CNY5000 $817 first acting as support then switching to resistance - within $2-3 but $817 is quite a specific number we have been pivoting on off for quite a few hours… not $833 or $823 or $807 - but quite strongly pivoting around $817 (+- $2-3ish) ….quite interesting to see what happens…. next…., if there is consolidation at this level then there should be a movement one way or other… $800 psychological $800 - $775 ish $775- $757 ish $757- $749 ($740 = CNY4500) $725? (edit) $710/11 (edit added 03/02/2014) $700 psychological $682 (edit added 03/02/2014) $642 (edit added 03/02/2014) $604 (edit added 06/02/2014) $550 (edit added 06/02/2014) $519 (edit added 06/02/2014) ssshhh Update February 02, 2014, 05:18:05 AM (?) $817 Still bouncing along this resistance line Update: February 03, 2014, 13:51 1st RS $825 Pivot $817 1st SP $800 In past 48 hours we have touched the support at bottom of 1st channel at $800 (actual low in past 48 hours =$800.05) Bounced either side of $817 for a fair 24 hours, and before dipping down to test $800 SP) and on the upside we touched 1st resistance level above pivot at $825 (actual high in past 48hrs = $825.21) Looks like we may get possible retest of $800 and pos lower soon, though I still think we are going up Update: February 04, 2014, 11:58:37 PMnxt $858 nxt $840 1st RS $825 Pivot $817 1st SP $800 Been trading in-between $817 and $800 , with a tiny flashes a little lower on the test of $800 nothing to write home about, currently testing $800 again nxt $775 ish nxt $757 ish As a side note- things are pretty stable at the present second, barring a catastrophic break of $800 I am wondering if we may trade sideways for a few more days/while longer. Still waiting for a breakout of this sideways channel but starting to think that if we do not see movement soon, or at the very least in the week after the end of the Chinese hol's then I would not be surprised barring any oh noes newses if we trade sideways in slightly larger channel until mid may ish before pushing up up... In this ever changing world in which we live in - just a my 2 satoshi worth , live and let live. Update February 06, 2014, 02:13:45 AM nxt $825 1st RS $817 (actual high in last 48hrs ish $814 ish) Pivot- Psych SP/RS level - $800 Psychological support level turned pivot 1st SP $775 ish (actual low in last 48 hours ish $775 : ) nxt $757 ish So we spent almost 24 hours bouncing along $800 give or take a few dollars each side for quite some time testing and retesting, before bouncing on its underside for a short while and then came a sell off slightly lower dip down to $784.83 it was not a catastrophic break of $800 this time around at least, and we did not quite sell off all the way down to the next potential support level I indicated of $775 (ish) before bouncing straight back up to $800 level again to bounce along its underside for an hour or so before another sell off selling right down to next support level going down to $775 on the nose before a bounce up to midway point to $800 and back down to $775 again, as I write this we have bounced back up to almost $800 ... $797.5 lets see what is next..if we bounce off $800 and down more or if we can break back up through, $800 is a psyc level, which in this "game scenario" I posit has weight but not as much weight at Fib levels , not unless they intersect. ...at this point I would not be surprised to see a retest of both $813/817 and a retest of $775(ish) in next 48 hours, making $800 the current pivot with $817 1st RS level and $770-$775/8ish being 1 SP level. Be interesting to see if we do I still think we are still biding time for upwards push same time frame as before ie within now to end of 1st week after Chinese New year or if not I can imagine slightly wider sideways channel until mid may with some bouncing around… and then up up up. That being said, as I have been writing this Gox seems to be having a dither… and waking up , so this scenario is barring of course major newses or catastrophes in the market..eitherway looks like things may stir from this channel a little more... one can hope... this is FUN Quite interested to note that of points I noted from my starting point $825$817 $800 $775 Have all had a good visit, and indeed in this instance have made good buy and sell signals to trade from Interesting to see if anymore levels do get hit in the same way... to be honest I am more interested in the upside levels tbh, but this kind of slow trading is perfect for this chart TA stuff.. as the newses and fundamentals blow it all outta of the water anyway... got to wonder at this point about some of the algos running on the trading bots , and if they also plotted the main FIB retracement levels of the last big moves , along with a few other little tricks.. as so far anyway the hits have been quite good...for Bitcoin, pretty good I would say.. still nothing amazing I know, but interesting. I have just started another chart study and this time I have added fibonacci time extensions and fibonacci fans, which have highlighted some very interesting things... namely several reversal points.. which is interesting because you can project fib fans and time extensions along with the levels into the future... will give that a better look if a few more levels from my Feb 1st scenario get hit... Hey ho... it means nothing.. MTGox = Keep your eyes peeled for me because I gotz to go to bedz and sleepppzzzzBTCBTC try not let MtCox piss on the floor ps added more of some of the downside levels, as I was lazy before...not particularly as I think we will see them, but ye never know... no more to add upwards as obv only retracing from last ATH's
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MatTheCat
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February 06, 2014, 02:57:06 AM |
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I don't see the point of the Mtgox dump.
The chances of withdrawing your BTC successfully are still higher than fiat withdrawals.
Maybe someone with a lot of BTC and a lot of fiat at Gox who is finding that he can't get anything out........is just going a bit fkn crazy? I know that I would be.
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seleme
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February 06, 2014, 02:59:17 AM |
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Reason for trading on the Gox is same it is for months - to gain more coins.
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JorgeStolfi
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February 06, 2014, 03:00:35 AM |
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I don't trust China at all and never will.
One should not trust governments in general. However, if it wasn't for China: * the price of a Bitcoin would still be US$ 10 or so; * therefore, Bitcoin exchanges would not be moving hundreds of millions of dollars a day; * therefore, there would not be a swarm of entrepreneurs buzzing around Bitcoin, trying to get a slice of that money; * therefore, mainstream media would not pay any attention to Bitcoin; * therefore; only computer nerds would know about Bitcoin; and... * therefore, there would be no Dogecoin. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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ChartBuddy
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February 06, 2014, 03:02:47 AM |
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seleme
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February 06, 2014, 03:03:46 AM |
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However, if it wasn't for China:
* the price of a Bitcoin would still be US$ 10 or so; Lol is all I have to say on this, China was irrelevant until Bitcoin was 200$ in October or so ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) However, I don't care. China, you helped us, thanks, goodbye. Chinese guys, buy on Stamp , fuck your government. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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