mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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April 16, 2014, 08:25:55 AM |
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Litecoin went from 14.17 to 13.1 in 5 minutes then back to 13.95.... talk about volatility and making profits.... my plan is to hold and not trade till the end of May
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rudius
Member
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Activity: 84
Merit: 10
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April 16, 2014, 08:26:35 AM |
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Have to LOL @ this.
China is bananas. Absolutely bananas.
We are still going down. I don't know when, but we will. This has to take a breather.
why do you thin so ? I'm quite optimistic about bitcoin value, but why do you think it is about to go down? every day i see new businesses accepting BTC, new sites with gambling accepting BTC, a lot of sites offering work for beeing paid in BTC, so trust me, BTC is not gonna just die like that, global awareness will make it's price explode sooner or later. I think he has interest with this going down ^^ he hodl some shorts. He just tries to be more confident about his trades. Doesn t look good.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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April 16, 2014, 08:26:51 AM |
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Have to LOL @ this.
China is bananas. Absolutely bananas.
We are still going down. I don't know when, but we will. This has to take a breather.
^^This, fellows, is the sound of Butthurt of a Bear.^^ Not butt hurt. Just amused.
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cech4204a
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April 16, 2014, 08:28:18 AM |
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Have to LOL @ this.
China is bananas. Absolutely bananas.
We are still going down. I don't know when, but we will. This has to take a breather.
why do you thin so ? I'm quite optimistic about bitcoin value, but why do you think it is about to go down? every day i see new businesses accepting BTC, new sites with gambling accepting BTC, a lot of sites offering work for beeing paid in BTC, so trust me, BTC is not gonna just die like that, global awareness will make it's price explode sooner or later. It has to correct. This market is up over 50% in the last few days. maybe you should look at the graph YTD and you will see your correction
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JayJuanGee
Legendary
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Activity: 3864
Merit: 11013
Self-Custody is a right. Say no to"Non-custodial"
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April 16, 2014, 08:30:58 AM |
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I made so many bad decisions today it's not even funny. I can't fucking believe that I managed to lose some money on this drop to 340 and rise up instead of making a killing.
I'm in the same club. I took my principal away long time ago, but still! Almost half of my gains in coins since December have been wiped. told you guys this is not safe to trade, we will be going up on waves till the end of this month then the price will be somehow stable for some time (couple of weeks). and good morning Stable $750 to $850 .. .would be good.. but I think that we have to stay between $600 and $700 for a little while before going to the next level.. my current thinking....
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dreamspark
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April 16, 2014, 08:31:28 AM |
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Well this is fun, I thought we would have had a deeper correction by now, fine by me but it makes me suspect about how authentic any of this China news is. Either way we're at their mercy ...
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koryu
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April 16, 2014, 08:33:06 AM |
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Litecoin went from 14.17 to 13.1 in 5 minutes then back to 13.95.... talk about volatility and making profits.... my plan is to hold and not trade till the end of May i am trading the ltc/btc pair for a week now, buying at 0.025 selling at 0.026. because its bit boring when you are only holding its a little extra profit.
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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April 16, 2014, 08:34:22 AM |
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I know this sounds whacky, and it probably is, but the 12 HR chart on Huobi looks like one giant bot trading pattern. I have certain advanced pattern recognitions skills I have been tested for, but I can't explain how they work. It's just a feeling. The danger is that the lower the signal to noise ratio, the greater your risk of picking up false patterns. It's not unlike Professor Nash reading Russian Codes into all those newspapers in the movie " A Beautiful Mind".
So I'm going to preface this by saying I'm probably wrong and it's most likely sour grapes from missing a bunch of trades, but I get the feeling that this is something massive, like a fraud on the scale of Mt. Gox or even greater.
I'm not a conspiracy guy. 911 truthers weird me out. I think Oswald acted alone. I don't believe in Bigfoot, Nessie or the Loch Ness Sea Monster. I think conspiracy types use the Illuminati or whatever to avoid the personal blame for being losers. So I know how stupid this is going to make me look, but something is just not right.
I don't feel like someone's out to get me. I feel like someone's out to get everyone. I'm a dude. I can't afford to make decisions based on feelings. I have to make decisions based on reason. So I need to step back and try to regain some self-awareness. This is much more likely a problem with my perception than a problem with the market, but it is such a powerful feeling of foreboding and I have no evidence at all to back it up.
Man, Why are you flipping ideas every hour. With your idea about china wanted all the bitcoins, you must have been right. They are manipulating us since the beginning. That is just fair b/c they are putting their money on the line. You just pushed it a little too far with the gov wanted bitcoin as a reserve currency that must have been some good weed ^^ But chinese individuals, surely wanted a biggest share of the pie. They are just buying as quick as they could before western people wake up. This is the first buying round. All chinese doing. Well, this is only what i think anyway. I was NOT putting that forward as a real working theory, but more of a joke, something that just popped in my head. I didn't say the Chinese want Bitcoins as the world reserve currency. I jokingly said they wanted it as part of their foreign currency reserves so that the renminbi could become a major world currency. It is a whacky theory. Occam's razor applies. The simplest explanation is most likely correct. If there is a major manipulation plan, which there probably isn't, it is most likely private actors doing it for personal benefit.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 16, 2014, 08:37:26 AM |
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Here comes the correction folks.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 16, 2014, 08:40:20 AM |
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Look at that long Red wick on Huobi.. Chinese says Fuck u white boy!
Usually when the wick is that long, expect bad chinese news later on..
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dreamspark
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April 16, 2014, 08:40:33 AM |
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Here comes the correction folks.
Or the bear trap...
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rudius
Member
Offline
Activity: 84
Merit: 10
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April 16, 2014, 08:42:19 AM |
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I know this sounds whacky, and it probably is, but the 12 HR chart on Huobi looks like one giant bot trading pattern. I have certain advanced pattern recognitions skills I have been tested for, but I can't explain how they work. It's just a feeling. The danger is that the lower the signal to noise ratio, the greater your risk of picking up false patterns. It's not unlike Professor Nash reading Russian Codes into all those newspapers in the movie " A Beautiful Mind".
So I'm going to preface this by saying I'm probably wrong and it's most likely sour grapes from missing a bunch of trades, but I get the feeling that this is something massive, like a fraud on the scale of Mt. Gox or even greater.
I'm not a conspiracy guy. 911 truthers weird me out. I think Oswald acted alone. I don't believe in Bigfoot, Nessie or the Loch Ness Sea Monster. I think conspiracy types use the Illuminati or whatever to avoid the personal blame for being losers. So I know how stupid this is going to make me look, but something is just not right.
I don't feel like someone's out to get me. I feel like someone's out to get everyone. I'm a dude. I can't afford to make decisions based on feelings. I have to make decisions based on reason. So I need to step back and try to regain some self-awareness. This is much more likely a problem with my perception than a problem with the market, but it is such a powerful feeling of foreboding and I have no evidence at all to back it up.
Man, Why are you flipping ideas every hour. With your idea about china wanted all the bitcoins, you must have been right. They are manipulating us since the beginning. That is just fair b/c they are putting their money on the line. You just pushed it a little too far with the gov wanted bitcoin as a reserve currency that must have been some good weed ^^ But chinese individuals, surely wanted a biggest share of the pie. They are just buying as quick as they could before western people wake up. This is the first buying round. All chinese doing. Well, this is only what i think anyway. I was NOT putting that forward as a real working theory, but more of a joke, something that just popped in my head. I didn't say the Chinese want Bitcoins as the world reserve currency. I jokingly said they wanted it as part of their foreign currency reserves so that the renminbi could become a major world currency. It is a whacky theory. Occam's razor applies. The simplest explanation is most likely correct. If there is a major manipulation plan, which there probably isn't, it is most likely private actors doing it for personal benefit. Ok, didn t know if you were kidding. I like your posts. I don t think that they want the renminbi to be a major world currency. They want it to be weak and manipulating it to do so since years. The US try to get them to stop manipulating it. There is so much corruption in china that we shouldn t under estimate individuals manipulating gov statement. I don t know if you recall, but there was at the time, many posts about chinese people telling us to stop believing the shit they spread.
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Bitcoin_is_here_to_stay
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April 16, 2014, 08:43:02 AM |
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Here comes the correction folks.
Huobi has been certainly acting crazy today
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cech4204a
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April 16, 2014, 08:43:57 AM |
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Here comes the correction folks.
Huobi has been certainly acting crazy today even bitstamp is not that bad at beeing crazy..
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koryu
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April 16, 2014, 08:44:52 AM |
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Here comes the correction folks.
Or the bear trap... either way, high volume exciting
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rudius
Member
Offline
Activity: 84
Merit: 10
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April 16, 2014, 08:45:21 AM |
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Here comes the correction folks.
Hope you will have what you want. You hold the riskier position around here. At what point you will rebuy your shorts?
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seanneko
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April 16, 2014, 08:46:06 AM |
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Here comes the correction folks.
All the way back to where we were 3 hours ago.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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April 16, 2014, 08:46:22 AM |
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This will be the highest volume 1 HR red candle on Houbi since the recent low.
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cech4204a
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April 16, 2014, 08:48:53 AM |
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This will be the highest volume 1 HR red candle on Houbi since the recent low.
and it is still growing!
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Broseph Stalin
Member
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Activity: 65
Merit: 10
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April 16, 2014, 08:49:15 AM |
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I'm still waiting for $590. Unless we break $540-550 on volume and keep going, there may still be time for a pullback. But I'm becoming more and more bullish. Fingers crossed etc.
I'm still waiting... this will be an interesting day either way. But so far we haven't been able to push far enough to convince me that the down trend is broken. We're very close though... sooo close.
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