adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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March 27, 2014, 08:50:43 PM |
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do poeple actually believe the china news or do they believe other people might believe it and so they sell
when will poeple understand??
its not about selling to the greater fool
its about buying from the most foolish
BUY BUY BUY!
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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March 27, 2014, 08:54:38 PM |
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holly molly
even the poll is showing bearish results!
how can this not be bottom?
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nrd525
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Activity: 1870
Merit: 1023
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March 27, 2014, 08:56:33 PM |
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It is very hard to tell but this ban rumor may not be a rumor. I'm 50/50 on it. It might end up being a lot of restrictions, not a complete ban.
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edwardspitz
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March 27, 2014, 08:56:48 PM |
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Before I wrote that coins were a bit overpriced at Kraken. They now appear to be back to normal  |
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Stevenrm87
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March 27, 2014, 08:57:47 PM |
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Nobody knows if a BTC is going to go up, down, sideways or in circles. You know what a Fugazi is?
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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March 27, 2014, 09:01:19 PM |
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It is very hard to tell but this ban rumor may not be a rumor. I'm 50/50 on it.
we heard the same "news" last week it. it didn't work the central bank said it was Bogus FUD. so what, now the bank is like " ok..... NOW its true " i can't believe it, thats not believeable BUY BUY BUY |
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Dalmar
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March 27, 2014, 09:01:49 PM |
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holly molly
even the poll is showing bearish results!
how can this not be bottom?
Are there suicidal posts on r/Bitcoin yet? The bottom is in once they show up.  |
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 27, 2014, 09:03:24 PM |
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holly molly
even the poll is showing bearish results!
how can this not be bottom?
Are there suicidal posts on r/Bitcoin yet? The bottom is in once they show up. Yeah, that's not funny at all... |
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KeyserSoze
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March 27, 2014, 09:03:26 PM |
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You know what a Fugazi is?
A fake diamond kept in the folded handkerchief of Al Pacino? |
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JorgeStolfi
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March 27, 2014, 09:03:38 PM |
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To the tune: Let It Snow!
[ ... ]
Let It Fall! Let It Fall! Let It Fall!
Ok, 13.27 of your sins are hereby forgiven. |
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lemonte
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March 27, 2014, 09:04:20 PM |
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It is very hard to tell but this ban rumor may not be a rumor. I'm 50/50 on it.
we heard the same "news" last week it. it didn't work the central bank said it was Bogus FUD. so what, now the bank is like " ok..... NOW its true " i can't believe it, thats not believeable BUY BUY BUY I think the original could possibly have been leaked information. Now it's being made official!  |
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Dalmar
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March 27, 2014, 09:05:20 PM |
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Yeah, that's not funny at all...
It's harsh, but great indicators during the first China crash and the Gox crash. |
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Zapffe
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Activity: 28
Merit: 0
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March 27, 2014, 09:06:00 PM |
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What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.
You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives. You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations. YES, maybe line drawing is NOT the be all end all.... and few are saying that it is... Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines. Is it really hard to understand these simple concepts: Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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March 27, 2014, 09:06:50 PM |
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It is very hard to tell but this ban rumor may not be a rumor. I'm 50/50 on it.
we heard the same "news" last week it. it didn't work the central bank said it was Bogus FUD. so what, now the bank is like " ok..... NOW its true " i can't believe it, thats not believeable BUY BUY BUY I think the original could possibly have been leaked information. Now it's being made official! so last week when the bank said that it was false rumors, that was an early april fools joke? china wtf get your story straight |
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gizmoh
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Activity: 1428
Merit: 1000
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March 27, 2014, 09:07:50 PM |
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It is very hard to tell but this ban rumor may not be a rumor. I'm 50/50 on it.
we heard the same "news" last week it. it didn't work the central bank said it was Bogus FUD. so what, now the bank is like " ok..... NOW its true " i can't believe it, thats not believeable BUY BUY BUY Breaking News: PBOC is the New Mark Karpeles  |
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JoeyD
Newbie
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Activity: 57
Merit: 0
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March 27, 2014, 09:13:11 PM |
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This China ban news is starting to get a bit old, is there a way to get things over with and be done with it?
I want more diverse bad news for the downtrend till around April.
Btw I have been wondering for a while, there seem to be a lot of people who are convinced that the Chinese just about own bitcoin, but what actual proof is there? The exchanges operate with zero fees and they have been caught sticking on extra zeros. Add to that that there are around 250k btc-addresses with more than 1 BTC worlwide, I don't see how that equals to millions of Chinese btc-holders.
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cbutters
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March 27, 2014, 09:17:35 PM |
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This China ban news is starting to get a bit old, is there a way to get things over with and be done with it?
I want more diverse bad news for the downtrend till around April.
Btw I have been wondering for a while, there seem to be a lot of people who are convinced that the Chinese just about own bitcoin, but what actual proof is there? The exchanges operate with zero fees and they have been caught sticking on extra zeros. Add to that that there are around 250k btc-addresses with more than 1 BTC worlwide, I don't see how that equals to millions of Chinese btc-holders.
I also think that most of the coins in china are offshore accounts trading there because of fee structure. just means volume will go down on huobi and btcchina and move to other exchanges. Mas exodus of BTC being bought to transfer to bitstamp, etc... Even if this news is confirmed it wont be as bad as everyone is thinking. Plus Hong Kong though part of china, is really almost outside mainland china's laws, and singapore, india, australia, africa etc... are coming online. |
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lemonte
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March 27, 2014, 09:29:34 PM |
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What would be a good way to determine the number of market participants in bitcoin? Do the biggest exchanges for instance disclose the number of unique accounts?
Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real? |
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fonzie
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March 27, 2014, 09:33:32 PM |
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What would be a good way to determine the number of market participants in bitcoin? Do the biggest exchanges for instance disclose the number of unique accounts?
Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real? Honestly? Around 50-100$, if China would be out of the game completly. 8 Mio $ on a slovenian exchange is not enough to keep the price at these levels |
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