chromosoma
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April 11, 2014, 06:17:21 PM |
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Bitcoin rises to fall again very soon. Maybe it is just an epic dump strategy before the chine exit? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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magicmexican
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April 11, 2014, 06:17:55 PM |
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I've been buying all along, and my latest buying point was around $390. I did NOT go all in at that point b/c I was anticipating that we would get another price drop on saturday or at least sometime between then and early sunday.. then, thereafter, the BTC prices would be heading upwards.
However, if we are heading upwards today, or this is a prolonged upward bull trap, then the saturday price drop may only bring us back to today's prices. It is so difficult to predict exactly if NOW is a good time to buy, or to wait a little. It is possible that we will NOT see below $400 anymore?
Ask yourself, is the China FUD over? Has anything changed from yesterday in regards to what we know? Is it likely that at some point either before or on the 18th there will be some news that sends us straight back into sub $400 territory even if only briefly. Discard the PBoC statement regarding them not banning bitcoin, everyone knew that anyway and certainly the people with the coin or cash to move the market definitely knew that. I dont think this is a very solid approach, if i remember the december china crash correctly, the reversal wasnt based on some "positive news that puts an end to the china fud", its just kinda happened. I doubt we will see the proper "green light" this time either.
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podyx
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April 11, 2014, 06:19:44 PM |
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pro LTC trading from the trollbox, thats how you do it : ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.gyazo.com%2F79c4be614ed19e5aae6eb69ec5595c01.png&t=665&c=q-EGMxgMZLOW4g) I feel sorry for innocent panic sellers, in a good way One should help them ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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podyx
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April 11, 2014, 06:21:06 PM |
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Bitcoin rises to fall again very soon. Maybe it is just an epic dump strategy before the chine exit? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) DING DING DING, GOOD ANSWER MR. CHROMOSOMA! YOU WIN BITCOINS ON A DISCOUNT PRICE OF THE UNBELIEVABLE 500 DOLLARS!! Would you like to go for the grandprize of 700?
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Spaceman_Spiff
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April 11, 2014, 06:22:27 PM |
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Woke up this morning and realized I hardly put any bids where I though it was most likely to go ($350-360). Sucks ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) . 1) It might have been the "real" bottom. (maybe not, but it's a valid candidate imho) --> I didnt buy enough 2) With the little I bought, I don't wanna risk selling part of the trading stash on this bounce. --> I miss out on "if it goes back down, at least I'll have more coins"
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dreamspark
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April 11, 2014, 06:23:13 PM |
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I've been buying all along, and my latest buying point was around $390. I did NOT go all in at that point b/c I was anticipating that we would get another price drop on saturday or at least sometime between then and early sunday.. then, thereafter, the BTC prices would be heading upwards.
However, if we are heading upwards today, or this is a prolonged upward bull trap, then the saturday price drop may only bring us back to today's prices. It is so difficult to predict exactly if NOW is a good time to buy, or to wait a little. It is possible that we will NOT see below $400 anymore?
Ask yourself, is the China FUD over? Has anything changed from yesterday in regards to what we know? Is it likely that at some point either before or on the 18th there will be some news that sends us straight back into sub $400 territory even if only briefly. Discard the PBoC statement regarding them not banning bitcoin, everyone knew that anyway and certainly the people with the coin or cash to move the market definitely knew that. I dont think this is a very solid approach, if i remember the december china crash correctly, the reversal wasnt based on some "positive news that puts an end to the china fud", its just kinda happened. I doubt we will see the proper "green light" this time either. That's because there wasn't an end to the China FUD clearly its still going... Can you answer yes to those two questions and no to the third? What is your prediction then of the effect on the market that Houbi OKCoin etc actually being unable to be deposited to? Or are we now of the belief that China doesn't matter anymore? Im not saying this is going to happen but Jay asked is it possible we wont see below $400 again.
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ChrisML
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April 11, 2014, 06:23:34 PM |
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Bitcoin rises to fall again very soon. Maybe it is just an epic dump strategy before the chine exit? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Just like your "overnight BTC dies" prediction. Suck a dick.
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aminorex
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Sine secretum non libertas
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April 11, 2014, 06:25:45 PM |
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Someone's desperately trying to keep the price below 430. Successfully, it seems...
Arbitrageurs would benefit as long as they can get supply at a discount to huobi. Many off-exchange deals are priced to bitstamp. This would justify price suppresion on stamp.
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seleme
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Duelbits.com
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April 11, 2014, 06:25:48 PM |
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Must confess I wish I bought and kept some coins from yesterday ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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magicmexican
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April 11, 2014, 06:27:22 PM |
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That's because there wasn't an end to the China FUD clearly its still going... Can you answer yes to those two questions and no to the third?
What is your prediction then of the effect that Houbi OKCoin etc actually being unable to be deposited to? Im not saying this is going to happen but Jay asked is it possible we wont see below $400 again.
Honestly i have no clue, market could certainly go full retard dump mode, thats true. I think as long as the China holds powers to control the market they will abuse it to the maximum potential, its too tempting too pass up.
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chromosoma
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April 11, 2014, 06:27:53 PM |
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Bitcoin rises to fall again very soon. Maybe it is just an epic dump strategy before the chine exit? ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Just like your "overnight BTC dies" prediction. Suck a dick. It dies. I am still pretty sure it will, maybe we will see massive dump this night. Chinese have still some time, so they can artificially increase price in order to exit with profit.
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bitcoinsrus
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April 11, 2014, 06:28:12 PM |
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Must confess I wish I bought and kept some coins from yesterday ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I own a time machine and I will take you back to one time frame. 24 hours it is.....Although, you could have gone back to feb 11 2009 ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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seleme
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Duelbits.com
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April 11, 2014, 06:28:46 PM |
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Must confess I wish I bought and kept some coins from yesterday ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I own a time machine and I will take you back to one time frame. 24 hours it is.....You could have gone back to feb 11 2009 :/ Deal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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dreamspark
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 11, 2014, 06:31:39 PM |
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That's because there wasn't an end to the China FUD clearly its still going... Can you answer yes to those two questions and no to the third?
What is your prediction then of the effect that Houbi OKCoin etc actually being unable to be deposited to? Im not saying this is going to happen but Jay asked is it possible we wont see below $400 again.
Honestly i have no clue, market could certainly go full retard dump mode, thats true. I think as long as the China holds powers to control the market they will abuse it to the maximum potential, its too tempting too pass up. Exactly, at least a week till we see the actual effects rather than what the market thinks will be the effect. A week more of Chinese ass raping is a long time and a lot of price movement in Bitcoin land.
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Stevenrm87
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April 11, 2014, 06:33:09 PM |
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Holy hammer candle on the weekly.
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virtualfaqs
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April 11, 2014, 06:33:40 PM |
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Must confess I wish I bought and kept some coins from yesterday ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I own a time machine and I will take you back to one time frame. 24 hours it is.....You could have gone back to feb 11 2009 :/ Deal ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) That begs the question. What if Satoshi never invented BTC, would we still have something like it today?
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Spaceman_Spiff
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April 11, 2014, 06:34:27 PM |
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Must confess I wish I bought and kept some coins from yesterday ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I own a time machine and I will take you back to one time frame. 24 hours it is.....Although, you could have gone back to feb 11 2009 ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Better yet, go back to 2008, try to get in touch with Satoshi (all the while being ready to start mining the shit out of bitcoin as soon it is released), only to realize after some unsuccesfull attempts.... YOU are Satoshi !
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 11, 2014, 06:34:46 PM |
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Long term investment is a sensible choice, if the odds are favorable. For company stocks, it is even the "right" strategy.
For company stocks in the U.S. in aggregate buy and hold is suicidal over the next 10 years while the demographic curve forces distribution. This summer will be the first glimpse of reality peeping into the fed-induced bubble of unreality we have enjoyed for 5 years, but just a foreshadowing really. Seems like the democrats are going to want to prop up the economic system, at least until after the November 2014 elections, no? Can kicking only works until you run out of road, no matter how good you are at it. I expect a patch of cow trail coming up. My reasons are idiosyncratic, and most will not share them. They are also complex and ill-suited to a forum post. I apologize for providing such low-information content. The demographic curve and its correlation to p/e ratios is however both informative and easy to provenance. You may be correct to the extent that you are suggesting that they cannot drag out until November, b/c depending upon your vehicle, it is still possible to make decent progress on a cow trail. Surely, there are a lot of balls in the air, and we are NOT always able to foresee various tricks up the sleeves. Many mixed metaphors, here... sorry about that.
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Adrian-x
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April 11, 2014, 06:35:37 PM |
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Anything worth doing is worth doing well. Some things are not worth doing.
There are many kinds of trades. A free exchange based on mutual information is almost always pure win. The more of these that occur, the more efficient and productive the economy. Some trades are based on taking advantage of differential information, and are a positive boon systemically, although they are not win-win. They are win-lose. An evolutionary process weeds out the losers, but they are constantly churning, so this process will never completely end, and is unavoidable. It is bound up with the necessary process of price discovery. No problem there. Performing deceptive tortious or outright criminal acts to induce losers in order to gain thereby is just evil, seeking to harm others in order to benefit thereby. It is morally indiscernible from any other larceny or fraud, and harms the efficiency of the market, and harms the productivity of the economy. It is a defection and a despoilment of the commons. I would that some batman go from house to house giving neckties to sociopaths like these. Not my job, however, and thankfully. On this forum I rub shoulders with these parasites.
Good, thought-provoking perspective! Thanks for that. +1
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bitcoinsrus
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April 11, 2014, 06:36:39 PM |
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Must confess I wish I bought and kept some coins from yesterday ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I own a time machine and I will take you back to one time frame. 24 hours it is.....Although, you could have gone back to feb 11 2009 ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) Better yet, go back to 2008, try to get in touch with Satoshi (all the while being ready to start mining the shit out of bitcoin as soon it is released), only to realize after some unsuccesfull attempts.... YOU are Satoshi ! You know, the funny thing is that if people could time travel, I am sure we would all copy the code and go back to like 2008 or 2007 or something and just become satoshi ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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