dropt
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August 18, 2014, 04:58:55 AM |
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Huobi about to hit new low, what the hell is happening!?!
It's going to $1 just like you asked, better get to the bank and get that 4th mortgage paperwork started
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fonzie
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August 18, 2014, 04:59:13 AM |
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ChartBuddy
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August 18, 2014, 04:59:35 AM |
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thefunkybits
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August 18, 2014, 05:33:34 AM |
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It looks like were bouncing off of 490 nicely here, budging lower seems to be out of the question at this point. Getting ready to pull out the rocketships this week ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Jinx.... hehehehe. Not a big deal. Looked more dramatic than it was. The question is what follows next. Book is thin and this is clearly manipulation, though. As long as we don't catch the margins we'll pop right back up. This is definitely a fearful retest of 500, but the longer we stay down here and keep testing on low volume the better... I doubt that we get another big margin selloff after this BFX shakeout
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Newbie1022
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August 18, 2014, 05:39:02 AM |
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It looks like were bouncing off of 490 nicely here, budging lower seems to be out of the question at this point. Getting ready to pull out the rocketships this week ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Jinx.... hehehehe. Not a big deal. Looked more dramatic than it was. The question is what follows next. Book is thin and this is clearly manipulation, though. As long as we don't catch the margins we'll pop right back up. This is definitely a fearful retest of 500, but the longer we stay down here and keep testing on low volume the better... I doubt that we get another big margin selloff after this BFX shakeout I actually think we'll see another margin sell off in the next day or two, though. There is clearly somebody prowling for just that. I should have just stayed short the whole time. Really kicking myself right now. Also, it really wouldn't take much to do it, anymore. The order book thinned out as people migrated downwards to catch a margin. Only 1500 or so to 480. =S Then again, everything calmed down a bit after LTC crossed four. Hopefully that just holds. It's easier to make money going up than going down and we are plenty low enough already to have a nice ride up.
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Ozziecoin
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August 18, 2014, 05:40:34 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks.
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Newbie1022
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August 18, 2014, 05:42:56 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks. Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 18, 2014, 06:00:14 AM |
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hdbuck
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August 18, 2014, 06:27:45 AM |
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Threebits
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August 18, 2014, 06:29:55 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks. It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm. The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.
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Threebits
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August 18, 2014, 06:40:59 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks. Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is. Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation?
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rebuilder
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August 18, 2014, 06:56:56 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks. Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is. Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation? I can give you a psychological one: It's all in your head. All kinds of things happen all the time, but the pattern recognition engine that is the mind mostly ignores it until it can link things together in a narrative. A lot of the time, that narrative is entirely fictional.
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gizmoh
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August 18, 2014, 06:56:56 AM |
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All bulls on margin will break loose if we go sub $450..So why bid higher?
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Newbie1022
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August 18, 2014, 06:59:24 AM |
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All bulls on margin will break loose if we go sub $450..So why bid higher? This... and I also think it is starting to become a self-fulfilling prophecy for that reason. The order book above 450 on Bitfinex is pretty dry.
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ChartBuddy
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August 18, 2014, 06:59:34 AM |
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Newbie1022
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August 18, 2014, 07:11:44 AM |
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We are probably a few hours from either impending doom or staring at a lack of volatility while we fearfully anticipate impending doom. So, on that note. How is insomnia treating everybody this week. This has been the worst week for me ever in terms of eating, exercise, sleeping, and general bathing. How about the rest of the team?
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Threebits
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August 18, 2014, 07:14:42 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks. Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is. Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation? I can give you a psychological one: It's all in your head. All kinds of things happen all the time, but the pattern recognition engine that is the mind mostly ignores it until it can link things together in a narrative. A lot of the time, that narrative is entirely fictional. It's strange that people quite often have the same fictional pattern in a bearish market. This clearly makes the market even more bearish! It's hard to understand its only fictional.
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Newbie1022
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 18, 2014, 07:16:06 AM |
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Did anybody notice the China sell off? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fp32f5NU.png&t=663&c=gv4A62bf0doQpA) My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate. Any other views out there? Thanks. Exotic theory at best. FUD at the worse. I think a few things hit at the same time and there is a manipulator on the prowl who knew this would be an opportune time because Finex is in the process of reducing and balancing their margin slightly. The question is, how voracious this guy's appetite is. Why it happens so often that a few thing hit at the same time in a bearish market? Is it managed by a manipulator? Or anyone give me a philosophical explanation? I can give you a psychological one: It's all in your head. All kinds of things happen all the time, but the pattern recognition engine that is the mind mostly ignores it until it can link things together in a narrative. A lot of the time, that narrative is entirely fictional. It's strange that people quite often have the same fictional pattern in a bearish market. This clearly makes the market even more bearish! It's hard to understand its only fictional. You mean that dog is not giving me instructions to kill, kill, kill? Oh. Thanks.
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