spooderman
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Activity: 1652
Merit: 1029
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April 01, 2014, 07:00:47 AM |
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thnx. looks like the fun is over now
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bangersdad
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April 01, 2014, 07:01:19 AM |
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<12h left to sell above 400$
Have you had your margin call yet?
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JayJuanGee
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Activity: 3878
Merit: 11070
Self-Custody is a right. Say no to"Non-custodial"
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April 01, 2014, 07:01:27 AM |
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Nice little wall at 350-450 has formed. This might give us another 1-4 weeks before 400 is broken, and maybe even a bulltrap to 550 or so where the next shorting opportunity will be.
I think that those orders are from new market meat. Like a friend of mine who called me a fool at 100, and yet he is now patiently waiting for his chance to become my greater fool. Their logic is quite simple: "it looks like it's going to go up but it is crashing now. 1000 is too much, 300 is right, let me put a bid at 350-450." I think there are many of them this time. This month we'll see them fighting with the butthurt fools who want out of bitcoin. Yeah... I see those kind of people saying $1000 is too much and then they want lower... then it goes lower and then they want lower.. and then it goes lower and they say, "shit, I cannot buy when prices are this low, b/c it may go down lower" They say, let me think about it... then they buy when it is going up and then they sell when it goes back down.. and blame you for getting them into it. One of the biggest mistakes made by new traders is not incorporating TIME into their calculations. I know that I was being a little stereotypical with my description of a certain kind of investor..... that is the kind of investor that keeps saying wait.. wait, wait.. and then when finally gets in.. jumps out too quickly based on emotions, rather than having some perspective or vision... However, the other difficulty that comes about may be that BTC or whatever investment receives a lot of publicity when prices are on a bull run streak.. and therefor other kinds of more thoughtful people find out and buy in as the market prices are going up or approaching top of that bull run streak... Then these second kind of newbies may need to wait for a considerable amount of time - and sometimes years for the price to return to their initial buy-in level.... which sometimes in the interim, there is some kind of failure of the investment and price never returns to that previous high. I describe this second newbie situation b/c it applies to my personal circumstances, and your recent bearish assessments do bother me to some extent even though it seems as if you have fairly decent insight for reaching your conclusions... I do appreciate and recognize your concerns about volume and concerns about why we are NOT seeing volume play out. Surely, recent volume is just lacking and that is a fact that we cannot escape in the very near short term - unless volume comes about as a surprise element.. which may be more wishful thinking, rather than real and measurable. Yet, BTC seems to be built around a kind of quasi-reality... of a few whales who are continuously able to influence BTC price quickly and surprisingly. For example, some of these institutional investors in the pipeline - second market and such, seem to be very good potential sources for an onrush of BTC volume.. All of this may be pie in the sky, but seems like it could happen at sometime in the near future.. especially since BTC has been on a downtrend for four months (which is part of a 4 year pattern, with BTC). In this regard, even though we cannot really see on the surface from where the volume is going to come, the wider publicity of bitcoin over the last 6 months seems to cause very decent likelihood that some savior whale(s) are going to come to our rescue.. and thereafter cause a stampede of additional passengers on this train/rocket to da moon.
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Davyd05
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April 01, 2014, 07:03:20 AM |
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pretty exciting watching the price go up like this...
oct-dec 13' I saw an ATH every week... my mind was blown
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chessnut
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Activity: 924
Merit: 1001
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April 01, 2014, 07:03:38 AM |
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Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
the squeeze was on stamp and BFX, but china put the pressure on, its been nudging up consistently all day. can one short on huobi? dont think so.
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JayJuanGee
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Activity: 3878
Merit: 11070
Self-Custody is a right. Say no to"Non-custodial"
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April 01, 2014, 07:05:41 AM |
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This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time. Thought it was clarified via bter that they were closing third party partners not a blanket ban. IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new.
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TERA
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April 01, 2014, 07:06:05 AM |
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Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
the squeeze was on stamp and BFX, but china put the pressure on, its been nudging up consistently all day. can one short on huobi? dont think so. Yeah I guess exchanges are still following Huobi like a zombie. As long as China is still leading I am bearish because China is doomed to fail and what happens then?
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Davyd05
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April 01, 2014, 07:09:11 AM |
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This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time. Thought it was clarified via bter that they were closing third party partners not a blanket ban. IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new. uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow.
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el_rlee
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Activity: 1600
Merit: 1014
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April 01, 2014, 07:09:59 AM |
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Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
the squeeze was on stamp and BFX, but china put the pressure on, its been nudging up consistently all day. can one short on huobi? dont think so. Yeah I guess exchanges are still following Huobi like a zombie. As long as China is still leading I am bearish because China is doomed to fail and what happens then? Wallstreet will kick in, sooner or later - it's just a question of the charts, so a clear bottom has to be found firstly. Venture capital is competing to pump multiple billions into companies like "WhatsAPP" or "Oculus" or whatever, none of them has a fraction of the potential Bitcoin has.
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Davyd05
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April 01, 2014, 07:10:11 AM |
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Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
the squeeze was on stamp and BFX, but china put the pressure on, its been nudging up consistently all day. can one short on huobi? dont think so. Yeah I guess exchanges are still following Huobi like a zombie. As long as China is still leading I am bearish because China is doomed to fail and what happens then? unless they buy it up and they end up hoarding to empower their own ..but wait.. they wouldnt.. would they? I feel if this is going to be a proper squeeze within an hr we see it occur
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fonzie
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April 01, 2014, 07:11:40 AM |
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<12h left to sell above 400$
Have you had your margin call yet? No there´s plenty of room left till i get my margin call. The 12 h ultimatum is still open for 3 h. We´ll see. I might even increase my shorts now
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 01, 2014, 07:12:07 AM |
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The Walls on Bitfinex are moving up from ~$400 to ~$412
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JayJuanGee
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Activity: 3878
Merit: 11070
Self-Custody is a right. Say no to"Non-custodial"
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April 01, 2014, 07:14:17 AM |
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The 1 week EMAs are about to cross down. I would have been all over these coins 2 months ago but not now.
I'll be surprised if they do cross (given the last time they were intertwined was Dec 2012) but if they do...perhaps a return to a 2102 type market would be good for BTC, steady prices, let the wounds of Gox heal, improve the infrastructure. As for cheap coins...well, as they say in sales: there's no such thing as cheap, only good value. And value is a highly subjective thing.Surely, there are various ways to consider value.. especially, if I am considering the value of a t-bone steak. Investments on the other hand have a considerable objective component, as well... and considerations about how others value it and building of infrastructure of utility.. etc etc... Subjective value, though a factor, just does NOT capture the ONLY aspect of what we should be measuring when considering when and how to invest.
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Davyd05
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April 01, 2014, 07:15:56 AM |
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I think I am going to go squeeze me some fresh orange juice
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chessnut
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Activity: 924
Merit: 1001
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April 01, 2014, 07:17:06 AM |
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Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
the squeeze was on stamp and BFX, but china put the pressure on, its been nudging up consistently all day. can one short on huobi? dont think so. Yeah I guess exchanges are still following Huobi like a zombie. As long as China is still leading I am bearish because China is doomed to fail and what happens then? well my stance is that the panic selling is spent. I posted earlier my views. Huobi has been rallying lately on the risk off opportunities. risk off being the times where announcements are unlikely to occur, such as the weekend. If there are further no announcement today, that slims the chances of any announcement before the 14th April. this tells me that there is genuine buy pressure and that panic sellers are spent. after all, the market has had months to prepare for this.
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Zule
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April 01, 2014, 07:17:51 AM |
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The Walls on Bitfinex are moving up from ~$400 to ~$412
Thing are def happening on bfx right now. It looks as the shorts are panic closing and the amount of longs is rocketing, ltc longs too
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chessnut
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Merit: 1001
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April 01, 2014, 07:19:22 AM |
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sorry about that fellas im holding all the swaps! ill give them back soon(ish). promise!
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spooderman
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Activity: 1652
Merit: 1029
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April 01, 2014, 07:20:47 AM |
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ugh someone tell comboy to get rid of the gifs :|
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ShroomsKit_Disgrace
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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April 01, 2014, 07:21:49 AM |
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ugh someone tell comboy to get rid of the gifs :|
Those gifs are making ppl panic buying as hell!!! Let them do their magic!
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TERA
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April 01, 2014, 07:22:56 AM |
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Be careful not to post any train pics.
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