roslinpl
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April 11, 2014, 11:05:19 PM |
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Price looks like is not sure where to go ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) up or down ... I see it is more likely to go up in next 12h I predict +33$ The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip. I have my theory about low volume ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) but for now maybe I will keep it to myself. I am so sure that in next 10h we will see ~+30$ that I can almost bet on it ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I know volume is low, but I believe tomorrow it will change because of - this is a weekend before 15th - many members were affected by this date and tomorrow I am pretty sure attention will be huge But - always failure is an option as I might be wrong. I am looking forward for exciting weekend in Bitcoin world ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As we haven't seen from a long time. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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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, 11:07:15 PM |
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Price looks like is not sure where to go ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) up or down ... I see it is more likely to go up in next 12h I predict +33$ You may be correct that there is some upward movement, but it also seems that there is going to be another test of downward.. maybe we will get down to $400 or so? We may even may get $380... but I am NOT sure if we will get much lower than that... Thereafter, probably we are going to move in the upward direction... I do NOT see the current atmosphere to be sufficiently clarified in order to give us upward momentum.. but maybe by sunday or some time next week the upward momentum may begin to build up sufficiently to take us into the $500s and possibly beyond.. maybe lingering in the upper $500s to lower $600s for a while.. .. I know this gets to be too speculative, if going too far into the future... given that the current FUD has NOT been clearly and unambiguously resolved, yet... and like another poster said, it is unlikely to be clearly and unambiguously resolve in the next week or so.
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Guinpen
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April 11, 2014, 11:10:32 PM |
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I am so sure that in next 10h we will see ~+30$ that I can almost bet on it ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Why?
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chessnut
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April 11, 2014, 11:13:07 PM |
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The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip.
Im pretty happy with a $100 rally tbh. +1 about the weekend dip, but there is nothing (yet) to drive it to lows or even close. maybe $30-40. I wouldn't be surprised if we rally some more either. the china unban 'news' hits the spot. it's the first scrap of pro bitcoin we have heard from PBOC. should calm some nerves.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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April 11, 2014, 11:22:31 PM |
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420 being tested again on Stamp... when will it end?!
I don't think we are in a hurry back to 340$. I really hope we are. A retest of $340 on higher volume and I'm back in 100% crypto. A slow painful grind back to $340 and then I have to wait until we continue to grind down to $267. Yest, that is a question that I am considering too. However, I would think the opposite reaction would be most logical. If price moves down quickly to $340, then you wait for $267 or whatever. If price moves down slowly to $340, then you may consider that a true bottom is met, and you would get into all crypto at that point. So, I appreciate your framing of the possible outcomes, yet I question your characterization about what you would do under either scenario... It is like you know better, but you are providing stupid ass and illogical information.. NOT hating on you, just a little irritated by your message b/c it seems to be giving weird-ass conclusions based on a hypothetical that could really happen. Since, on more than one occasion, you have asserted NOT to be purposefully deceiving anyone, maybe you can clarify what you meant? I closed my margin short@ $350 last night and made some money, but not nearly as much as I would have made had I bought. I'm sitting in 100% crypto and you can't do anything with fiat on an exchange except withdraw it or buy BTC. I WANT to buy BTC @ $350 so does every other well-funded trader who missed the opportunity to sell the bounce. The ones who did sell the bounce made a bundle and want to do it again. This has been a vicious four month bear market and the people who still have fiat have it because we don't part with it easily. The unknown question is how many of us want to buy relative to how many will want to sell when all the candles are red and it looks like $340 is just a pit stop on the road to Hell. I don't want the price to go to $266 even though I'd get a lot more coins because I know also that it would push the next ATH back probably until next year. I'll deal with it if it happens, cuz y'know I would have to, but it wouldn't be much fun. Even the most successful traders do not control the market because they do not control demand. All they do is supply liquidity. The differing ways to get there again will give evidence of how much demand there is. The market could be in a lot worse shape than it is. I'm sure the whales who saw how fast liquidity can dry up last night are swimming a little less deep in the order book now. I don't know how much demand there is for bitcoins, but I have an edge if I focus like a laser on certain signals. Good day traders don't do what is logical. They supply the liquidity to the people who are logical and to everybody else. If the market doesn't retest $340-$350, then I don't think I am in a position to provide much liquidity to the market. I'll prolly just cash out, pay some bills and wait out the next ATH to pull some coins from cold storage and do it again. Stable prices are good if they are stable on high volume, but volume has dried up again, which means the only price discovery tool I have now is patience. What happens on low volume means little. What happens on high volume says more. If you closed most or all your shorts, then congratulations.... there are probably only so many things that a guy can do in terms of buying or gaining a little more during the various bounces. I appreciate your detailed explanation, even though it seems to be a continued attempt to get people to sell or liquidate their btc.... I'm NOT selling, but let others make their own choice. I also don't buy your supposed public service to bitcoin and reduction of volatility, but that is fine if you want to make those kinds of proclamations. Finally, I don't buy that you are doing what you are saying, but NO problem that is your choice. We see this thread for different purposes, and I personally do NOT see it as a mechanism to persuade others what to do.. and you seem to (even though you are ambiguous about your motives in that direction). Anyhow, maybe it is all a matter of degree, and I think that I am going to attempt to refrain from responding to your posts, even though they tend to incite me into responding... I am going to attempt to exercise some self-restraint.. if it is at all possible. ![Lips sealed](https://bitcointalk.org/Smileys/default/lipsrsealed.gif)
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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, 11:25:06 PM |
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Price looks like is not sure where to go ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) up or down ... I see it is more likely to go up in next 12h I predict +33$ The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip. I have my theory about low volume ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) but for now maybe I will keep it to myself. I am so sure that in next 10h we will see ~+30$ that I can almost bet on it ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I know volume is low, but I believe tomorrow it will change because of - this is a weekend before 15th - many members were affected by this date and tomorrow I am pretty sure attention will be huge But - always failure is an option as I might be wrong. I am looking forward for exciting weekend in Bitcoin world ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As we haven't seen from a long time. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yeah... seems like possible bitcoin drama in the near future.
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Mervyn_Pumpkinhead
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April 11, 2014, 11:30:31 PM |
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Losing one big important market, but they'll give it a try to jump-start a new wider asian market. I have no idea on how successful they will be. We'll just have to wait and see.
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cbeast
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Let's talk governance, lipstick, and pigs.
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April 11, 2014, 11:35:02 PM |
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This feels like a Mexican standoff and everyone has itchy trigger fingers.
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roslinpl
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April 11, 2014, 11:37:09 PM |
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Yeah... seems like possible bitcoin drama in the near future.
For me it will be never a drama even when 1BTC = 1$. I do not care so much about the price. I love to use bitcoin and I will never stop.
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billyjoeallen
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Hide your women
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April 11, 2014, 11:46:00 PM |
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The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip.
Im pretty happy with a $100 rally tbh. +1 about the weekend dip, but there is nothing (yet) to drive it to lows or even close. maybe $30-40. I wouldn't be surprised if we rally some more either. the china unban 'news' hits the spot. it's the first scrap of pro bitcoin we have heard from PBOC. should calm some nerves. The bearish case about China is that with the Middle Kingdom still in play, the uncertainty weighs on the market. Silk road closed and we had a monster rally. Gox closed and we shot up from $400 to $710. Uncertainty was removed. China is still alive and kicking, which means that the money allocated for investing after the China crash may never enter the market.
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hlynur
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April 11, 2014, 11:49:10 PM |
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what i never get is if the regulation will be applied differently to the special economic zones in china (esp Hongkong & Shanghai as financial centre)?
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fonzie
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April 11, 2014, 11:53:16 PM |
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The right end of the 15 min. chart looks like a bird that is about to start to fly Did the whales draw this? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Hen0xyd
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April 11, 2014, 11:58:04 PM |
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what i never get is if the regulation will be differently applied to the special economic zones in china (esp Hongkong & Shanghai as financial centre)? Exchanges are moving out of China but Chinese people and their money is in China... But I guess most of the people/money invested in bitcoin on last rally were rich and as such able to get money out of the country or to travel. Without masses (or wallstreets/US?) next rally to 1000+ is not this close (but fundamentals are really nice lately).
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chessnut
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April 11, 2014, 11:58:43 PM |
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The sentiment on this thread is interesting. The people who bought into the rally today seem upset that the price didn't go up more when if they were capable of sustaining a rally they would be happy the price is going down so they could accumulate more coins. I don't yet see any signs of new capital infusion. Such low volume on a Friday night seems to indicate we're going to have a week end dip.
Im pretty happy with a $100 rally tbh. +1 about the weekend dip, but there is nothing (yet) to drive it to lows or even close. maybe $30-40. I wouldn't be surprised if we rally some more either. the china unban 'news' hits the spot. it's the first scrap of pro bitcoin we have heard from PBOC. should calm some nerves. The bearish case about China is that with the Middle Kingdom still in play, the uncertainty weighs on the market. Silk road closed and we had a monster rally. Gox closed and we shot up from $400 to $710. Uncertainty was removed. China is still alive and kicking, which means that the money allocated for investing after the China crash may never enter the market. yah, will be telling on the 15th. but I wonder how much FUD this statement removes from the chinese market. Chinese can feel comfortable about holding bitcoins now ("like stamps"), although it was fact that bitcoin wasn't outright "banned" before. I think this tells us that the worst that can happen from here is that Huobi is affected as the other exchanges, and that would be pretty bad too. But there is also potential for the 15th to be positive. The chinese officials love to screw with the market it seems, and it may be that they bought a pile yesterday. If they are officially not going to ban bitcoin, then I think the announcement on the 15th (if any) might be positive beyond expectations.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 12, 2014, 12:00:25 AM |
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roslinpl
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April 12, 2014, 12:00:37 AM |
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Ok I go to sleep ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I want to wake up in a "good weekend for bitcoin" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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chessnut
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April 12, 2014, 12:02:32 AM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs11.postimg.org%2F6b2lp3rgj%2Fflo.png&t=665&c=ofNsgBpZ5ul5_A) we have a buyer at 415 it seems. 4 times has it bounced from that buy wall. interesting to see if it breaks new highs before breaking that wall.
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hlynur
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April 12, 2014, 12:15:25 AM |
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Exchanges are moving out of China but Chinese people and their money is in China... But I guess most of the people/money invested in bitcoin on last rally were rich and as such able to get money out of the country or to travel. Without masses (or wallstreets/US?) next rally to 1000+ is not this close (but fundamentals are really nice lately).
yea i know it's whole china atm, but i wondered if PBOC just wants to be sure that bitcoin is kept low and not going viral in the growing middle class (roughly 500 mio people) which could rapidly go out of control and at the same time keep it as a rich class toy (eg. in financial centres like shanghai) to not completely loose out on potential influence in a future market.
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fonzie
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April 12, 2014, 12:18:18 AM |
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Adam, countdown please!
edit: LTC cheated and started earlier!
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