SFHere
Newbie
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Activity: 59
Merit: 0
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April 18, 2014, 01:37:43 PM |
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Am I the only one questioning this downward trend?
Which downward trend? There are several. the last 3 hours in the more short-term view |
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magicmexican
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April 18, 2014, 01:38:24 PM |
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Not feeling it, i think people who expect its to go below 400 again will get burned
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Bagatell
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April 18, 2014, 01:40:02 PM |
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Am I the only one questioning this downward trend?
Which downward trend? There are several. the last 3 hours in the more short-term view That will be the Chinese celebrating Easter. Confirmed. |
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JorgeStolfi
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April 18, 2014, 01:42:49 PM |
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Where are links to scary chiniese articles, i think its time
See my previous post. The time of the OKCoin notice apparently coincides with the start of the current dump. It may be that the Chinese exchange CEOs have karpeled a little; they may have known what was coming but waited until the last minute to tell their clients. I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions". The Huobi note link is in red, next to a red light bulb, near yhe top of their homepage. The OKCoin is in red too, next to a loudspeaker icon. Further notes mat be accessed perhaps by fiddling with the URLs. (Huobi's note 325 is some Western press news, 326 does not exist yet.) |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 18, 2014, 02:00:22 PM |
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lemonte
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April 18, 2014, 02:05:36 PM |
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Both of those notices are 24 hours old, they caused yesterday's dip, not today's.
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edwardspitz
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April 18, 2014, 02:16:59 PM |
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Where are links to scary chiniese articles, i think its time
See my previous post. The time of the OKCoin notice apparently coincides with the start of the current dump. It may be that the Chinese exchange CEOs have karpeled a little; they may have known what was coming but waited until the last minute to tell their clients. I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions". The Huobi note link is in red, next to a red light bulb, near yhe top of their homepage. The OKCoin is in red too, next to a loudspeaker icon. Further notes mat be accessed perhaps by fiddling with the URLs. (Huobi's note 325 is some Western press news, 326 does not exist yet.) I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions".
Yes, that is just crazy. Now we will see the price drop, but we will no longer be able to judge why. More FUD. |
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lemonte
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April 18, 2014, 02:20:42 PM |
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My opinion Is Yes, Some Chinese people are cutting their losses and leaving, however I also think there's a degree of the drop Is people knowing that volume will be low because of Easter/bank holidays and taking advantage of this.
Also, like I've mentioned before, these news stories are still doing the rounds, just look at Social media. It'll take a few days for those to be forgotten about. Sentiment in the West seems to be picking up a bit, look at the surveys on here and Reddit, both indicative of a bullish, bit realistic sentiment.
I'm making no predictions, A./ my TA is shit, B./ I've just polished off my second glass of wine, but I do know that this weekend is a write off.
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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April 18, 2014, 02:27:39 PM |
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so far I was spot on with my "475" prediction.
2 more days and I'm a prophet
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0x3d
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April 18, 2014, 02:28:53 PM
Last edit: April 23, 2014, 02:29:14 PM by 0x3d |
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I'll just leave this here for all of those who miss Clarkmoody's BingBong sounds: http://bitcoinsounds.0x3d.lu/This started out as a little dirty hack for myself but as Bitcoin is quite boring today I polished it a little and so with this post consider it as released! Update @ 23/04/2014: Made some improvements in the tool |
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rjp55
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April 18, 2014, 02:29:07 PM |
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I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
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JorgeStolfi
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April 18, 2014, 02:36:08 PM |
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Both of those notices are 24 hours old, they caused yesterday's dip, not today's.
The OKCoin one is dated TODAY 12:29 UTC, exactly when the last large drop (~3050 --> ~2950) started. The Huobi one is from yesterday 09:30 UTC, when the previous large drop (~3150 --> ~3050) started. In both cases there may have been a bit of "insider trading". |
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JorgeStolfi
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April 18, 2014, 02:49:32 PM |
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I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
Indeed, my theory for the gradual decline in the price since Feb/06 is basically that: Chinese traders who experience a few losses in a row are selling their coins (since they are not very useful in China) and taking their money out; and not enough new clients are joining, so that there is not enough new money coming in. Additionally, some Chinese miners who need Yuan may be selling at the exchanges, adding coins and taking yuan out. |
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ShroomsKit
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April 18, 2014, 02:50:42 PM |
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Not feeling it, i think people who expect its to go below 400 again will get burned
Why the hell would it go below 400? I can't find a single reason for that. |
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RobFordWotWot
Sr. Member
Offline
Activity: 280
Merit: 250
time
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April 18, 2014, 02:51:08 PM |
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I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
Indeed, my theory for the gradual decline in the price since Feb/06 is basically that: Chinese traders who experience a few losses in a row are selling their coins ( since they are not very useful in China) and taking their money out; and not enough new clients are joining, so that there is not enough new money coming in. Additionally, some Chinese miners who need Yuan may be selling at the exchanges, adding coins and taking yuan out. Das Racist |
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ShroomsKit
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April 18, 2014, 02:51:44 PM |
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I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
At least half the bears here. And then also a good bunch of the trolls. |
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JorgeStolfi
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April 18, 2014, 02:55:24 PM |
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Chinese traders who experience a few losses in a row are selling their coins (since they are not very useful in China)
Das Racist Sorry for not being clear, I meant that TRADERS are not very useful, not the CHINESE traders.   |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 18, 2014, 03:00:17 PM |
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Drabla
Member
Offline
Activity: 104
Merit: 10
Pecunia non olet
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April 18, 2014, 03:00:42 PM |
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I'll just leave this here for all of those who miss Clarkmoody's BingBong sounds: http://bitcoinsounds.0x3d.lu/This started out as a little dirty hack for myself but as Bitcoin is quite boring today I polished it a little and so with this post consider it as released! Freakin' sweet  Could you at some minimal/soft ding / pulse sounds so i can leave the page open at the office ?  |
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pjviitas
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April 18, 2014, 03:08:09 PM |
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I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.
duh...ya...thats been everybody on here at one time or another. Its part of the learning curve. |
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