aminorex
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Sine secretum non libertas
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April 09, 2014, 02:23:22 AM |
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Also, a price supported by entirely by holding and not by buyers is very weak - it is unusable by merchants due to the lack of liquidity. It is in effect a ponzi scheme.
You should be ashamed of yourself for being involved. What would your mother think? Go away.
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TERA
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April 09, 2014, 02:25:47 AM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs30.postimg.org%2F423yrqwvh%2Fagan.png&t=665&c=gcEb6TFJbs2rug) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs2.postimg.org%2Fs2dimu085%2Fagan2.png&t=665&c=oPo9ofjAZme9QA) this is how it was on the night before 700 on stamp. the market can so easily surprise. if this bounces off 400, that's a strong bull signal and could go to 600 easily. No way. 600 is blocked by about 5 different resistances in the 1D, 3D, and 1W charts, and is also blocked by that diagonal line at 540. I don't know what makes you think there would suddenly be a surge to 600 from 455 based on a low volume breakout on daily charts. The breakout from 570 to 700 was backed by a reversal day with 120,000BTC of volume.
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TERA
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April 09, 2014, 02:28:39 AM |
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Also, a price supported by entirely by holding and not by buyers is very weak - it is unusable by merchants due to the lack of liquidity. It is in effect a ponzi scheme.
You should be ashamed of yourself for being involved. What would your mother think? Go away. I have a history of trading ponzi schemes actually, and then getting out just in time before they collapse. It all started when I was 18 years old and I partipated in a ponzi called "12 daily pro", turning $5,000 into $15,000 in a few weeks. Of course the members insisted that it was not a ponzi at the time. It was.. "the future of advertising and multi level marketing" bla bla.
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 09, 2014, 02:29:16 AM |
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Little breakout on daily possibly starting, going to 530 max if longs are lucky but probably more like 500. After that, downtrend resumes and eventually 400 is broken.
Well at this point if it goes up it is only going up because enough traders like you are looking at the daily MACD and saying "we'll it should go up now". So yes I guess if one of you places a big market order and everyone starts chasing the signal the are waiting for then we could squeeze to 500. But I expect a rally to be much less than what everyone is expecting. Because there is so little money buying now organically. It just doesn't seem to be worth the risk. If you're looking around the poker table and you can't spot the sucker, then you are the sucker. I think the bulls are likely exhausted. I know I am. I plan to go down defending $400 or get left behind if the defense isn't needed.
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chessnut
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April 09, 2014, 02:30:40 AM |
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You don't really have proof of how many people are 'hodling' and how many are dedicated to holding and aren't just waiting for their chance to get out.
they have had their chance.... they have had 3 months.
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chessnut
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April 09, 2014, 02:33:50 AM |
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No way. 600 is blocked by about 5 different resistances in the 1D, 3D, and 1W charts, and is also blocked by that diagonal line at 540. I don't know what makes you think there would suddenly be a surge to 600 from 455 based on a low volume breakout on daily charts. The breakout from 570 to 700 was backed by a reversal day with 120,000BTC of volume.
nobody expected the last one either..... and sorry, your TA is only a small edge, that I dont agree with. the market can very easily move $150 in a day. This is reversal territory, and the fundamentals are pushing up. bears can only pray that Huobi shuts down and quick.
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billyjoeallen
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April 09, 2014, 02:35:06 AM |
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Also, a price supported by entirely by holding and not by buyers is very weak - it is unusable by merchants due to the lack of liquidity. It is in effect a ponzi scheme.
You should be ashamed of yourself for being involved. What would your mother think? Go away. I have a history of trading ponzi schemes actually, and then getting out just in time before they collapse. It all started when I was 18 years old and I partipated in a ponzi called "12 daily pro", turning $5,000 into $15,000 in a few weeks. Of course the members insisted that it was not a ponzi at the time. It was.. "the future of advertising and multi level marketing" bla bla. LOL. You're the Green Lumber Trader. http://nassimtaleb.org/2012/08/nassim-talebs-green-lumber-problem/#.U0SxlVdWhEM
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jonoiv
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April 09, 2014, 02:36:34 AM |
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Happy Anniversary to April 2013's, Bag Holders. Got you a nice cake and some commemorative red candles.
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keewee
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April 09, 2014, 02:44:06 AM |
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And they're sitting on a 71% gain for the year. Not too shabby
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jonoiv
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April 09, 2014, 02:45:09 AM |
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First bite at the BTC-e sell wall ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) EDIT: now it's gone
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jonoiv
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April 09, 2014, 02:46:26 AM |
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And they're sitting on a 71% gain for the year. Not too shabby Interesting if it will still be a gain by 13th April ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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JayJuanGee
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Activity: 3822
Merit: 10731
Self-Custody is a right. Say no to"Non-custodial"
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April 09, 2014, 02:53:13 AM |
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the low volume highly volatility range trading may now begin.
What's new about that?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 09, 2014, 03:00:35 AM |
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JayJuanGee
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Activity: 3822
Merit: 10731
Self-Custody is a right. Say no to"Non-custodial"
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April 09, 2014, 03:02:29 AM |
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December 2013 - oh shit!!!!! china bans bitcoin January 2014 - you know what ? bitcoin is going to banned in china at the end of January February 2014 - NEWS FLASH - china bans bitcoin March 2014 - guess what china is banning? April 2014 - fill in the blank---- China is going to ban [______] come on, you can do it. guess.
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chessnut
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April 09, 2014, 03:05:42 AM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs17.postimg.org%2Fyqhqsivi7%2Fnews.png&t=665&c=P2ygTXUyUz8amg) despite all the news following the first hit, we have spent more time above the low of the first wave. The first wave is where the volume is at, that's where I believe capitulation took place.
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TERA
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2014, 03:14:34 AM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs17.postimg.org%2Fyqhqsivi7%2Fnews.png&t=665&c=P2ygTXUyUz8amg) despite all the news following the first hit, we have spent more time above the low of the first wave. The first wave is where the volume is at, that's where I believe capitulation took place. You believe that capitulation took place with 40k of volume?? lol
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chessnut
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April 09, 2014, 03:20:39 AM |
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You believe that capitulation took place with 40k of volume?? lol
the volume over the two days of that wave adds up to more than 300k..... dont forget that capitulation doesn't happen just once. when the news that mattered came out, we went down to 2200 yuan.
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JayJuanGee
Legendary
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Activity: 3822
Merit: 10731
Self-Custody is a right. Say no to"Non-custodial"
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April 09, 2014, 03:21:13 AM |
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Also, a price supported by entirely by holding and not by buyers is very weak - it is unusable by merchants due to the lack of liquidity. It is in effect a ponzi scheme.
You should be ashamed of yourself for being involved. What would your mother think? Go away. I have a history of trading ponzi schemes actually, and then getting out just in time before they collapse. It all started when I was 18 years old and I partipated in a ponzi called "12 daily pro", turning $5,000 into $15,000 in a few weeks. Of course the members insisted that it was not a ponzi at the time. It was.. "the future of advertising and multi level marketing" bla bla. YOUR bare assertion that bitcoin is a ponzi scheme will NOT win the day. And, the mere fact that you may have some experience with Ponzi schemes does NOT mean that you have correctly identified bitcoin properly as a supposed Ponzi scheme. With any kind of investment, there is a certain level of reliance on future investors to keep up the price point.. but bitcoin has a lot of tangibles.. A ponzi scheme is different b/c it offers nothing in return and is a scam.. You really should KNOW better than making those kinds of vacuous accusations towards bitcoin without any real solid argument... By employing the term "Ponzi" you are engaging in a disinformation campaign.. b/c it seems that you know better.
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jonoiv
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April 09, 2014, 03:21:59 AM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs17.postimg.org%2Fyqhqsivi7%2Fnews.png&t=665&c=P2ygTXUyUz8amg) despite all the news following the first hit, we have spent more time above the low of the first wave. The first wave is where the volume is at, that's where I believe capitulation took place. No one is buying and no one is selling. while the price is dropping on average of $7-8 per day. The scales are tipped only one way imho.
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Richy_T
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April 09, 2014, 03:22:32 AM |
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Loses something in the translation. It might be fun to read one rewritten to be sung in English. Though it seems to me there might be something like that already?
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