Tzupy
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Activity: 2128
Merit: 1074
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June 15, 2014, 09:35:02 AM |
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Double bottom confirmed, huge enormous and juicy glorious pumps incoming, be prepared
Can you show me where´s the doble bottom in the BTC chart? It's not there, well not yet. The 550$ and 540$ double bottom is slightly bearish. To form a bullish one would require some upward volume from the 556$ local bottom.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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dgarcia
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June 15, 2014, 09:36:15 AM |
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Double Bottom Double Bottom on duck meat does not effect the bitcoin price ;-)
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JayJuanGee
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Activity: 3710
Merit: 10230
Self-Custody is a right. Say no to"Non-custodial"
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June 15, 2014, 09:50:54 AM |
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Bitcoin cultists accusing religious people of being cultists? At least when it comes to religion, people are usually indoctrinated from birth and have massive social pressures (there are hardly people who convert). Now becoming a cultist of your own free will, that's something else.
Also, I don't think there is any disadvantage in investment being Muslim, what does it matter if he gets 0% instead of 1% interest? Nothing.
Free will is an illusion bro You're an idiot Nice, insults are very persuasive. https://www.youtube.com/watch?v=hq_tG5UJMs0or try reading "consciousness explained" by Daniel Dennett. You're an idiot Gingermod: Keeping it short and sweet.
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JayJuanGee
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Activity: 3710
Merit: 10230
Self-Custody is a right. Say no to"Non-custodial"
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June 15, 2014, 09:57:41 AM |
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Why is still going down?
Because people are extremely scared. As soon as the price goes up someone will dump on it, Chinese FUD will be posted, a pool reaches 51% etc. There are people working non stop on trying to take the value of Bitcoin down and right now they control the market. Any hint of bad news atm and the sheep completely panic. A lot of the selling currently is because of "i better sell now before someone else sells". As always the idiots create their own problem. Of course this will change again but when...nobody knows. BUY, BUY, BUY and HODL
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Globb0
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Activity: 2674
Merit: 2053
Free spirit
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June 15, 2014, 09:57:57 AM |
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its a bit twitchy
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2014, 10:01:01 AM |
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akujin
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June 15, 2014, 10:02:21 AM |
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nice finex!
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Erdogan
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Activity: 1512
Merit: 1005
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June 15, 2014, 10:04:42 AM |
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Everyones reassures everyone that everything will be good. That's just typical herd behavior. I guess we're sheep after all Whenever a new horde of people enter the arena, the old scares will come up again. Bitcoin will have to be volatile for a long time.
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Gianluca95
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Activity: 1582
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Reputation first.
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June 15, 2014, 10:06:21 AM |
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Price will stop to 530$, then will rise up I don't think that price will drop more of 530$
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CoinHamster
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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June 15, 2014, 10:13:31 AM |
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bitfinex below $550
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samsonn25
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June 15, 2014, 10:15:48 AM |
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Major major support at $400-420
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Richard Branson
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June 15, 2014, 10:18:14 AM |
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GJ tards, keep on buying. Poor noobs which didn't sell partially above 650$. Allready 110$ profit per coin. Buying all the way down is allways fun.
Bottom will be between 350$ (unlikely) to 475$.
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boumalo
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Activity: 1904
Merit: 1018
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June 15, 2014, 10:20:45 AM |
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Major major support at $400-420
Are you talking about a buying wall? If we get there the market will be totally different and the buying wall may not be there anymore There are hopfeully other support before 400-420$
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samsonn25
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June 15, 2014, 10:27:47 AM |
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Yes long term. This Has Been Established and tested many times since last year. Of course short term there are higher support levels.
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fonzie
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June 15, 2014, 10:33:43 AM |
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GHashinese Torpedo hits USS Bitcoin. Lot more to come! Admiral Finex already wounded!
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yrtrnc
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June 15, 2014, 10:37:23 AM |
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There's alot going for BTC right now. I dont see the news about FBI really affecting the market anymore than this. If anything it should be seen as positive. Since the US government has once again accepted BTC.
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fonzie
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June 15, 2014, 10:40:04 AM |
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This has nothing at all to do with the FBI Coins. !
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tarmi
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Activity: 1218
Merit: 1010
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June 15, 2014, 10:40:58 AM |
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buhahaha, all the bears already talking about 300~400, and they didnt break not even the 540 support yet. at the weekend day.
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ChartBuddy
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Activity: 2170
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2014, 11:00:57 AM |
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JorgeStolfi
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June 15, 2014, 11:03:31 AM |
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So essentially we can say either China has 10x more interest than the rest of the world or the numbers are cooked up if usd is isolated from yuan or rmb. What I care about is money coming out of fiat and into btc.
I am not sure what you mean, but: from all I have read, I am quite convinced that the November rally was entirely due to demand in the Chinese exchanges. Ditto for the December crash and partial recovery, the decline from February to April, the stagnation in May, and the the mini-rally a couple weeks ago. Not sure yet about the current decline, but it seems to have coinided with a new push to cut out the remaining channels of yuan deposit to the exchanges. I don't know how many coins are still in the hands of Chinese speculators and investors, but, if the markets there were to close and those coins returned to the Western market (which they probably would, since speculation seems to be the last significant utility of bitcoin in China), I am quite convinced that the price would drop to somewhere between 80$ (an estimate of where it would be if China had never entered the game) and 350$ (which it briefly reached after one of the PBoC scares). As for Mr. Lee's claims: his exchange BTC-China used to have the largest volume in China until the December crash. Since that time it has become insignificant, while Huobi, OKCoin, and the other Nameless Ones became dominant. (Huobi in particular seems to have bumped its volume just when BTC-China suddenly lost theirs). I watched that video and heard the claims, but did not see the evidence. His being elected to the board of the Shrem Karpelès & Friends Foundation, together with Mr. Pierce, did not help convince me.
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