BitPirate
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June 17, 2013, 02:20:36 PM |
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Gox is oversold. All the markets in China are higher than Gox -- which makes for a change as they usually settle closer when given enough time.
I can see that plenty of bids are entering order books as people want to buy back, but they are a fair bit off the current price. As confidence returns on Mon/Tues, they will be moved up to market price and back up we will go.
Price won't be able to rise above $110 or so though -- it will take quite some time for confidence to fully return; perhaps a minimum of two weeks. Things will get going though. It's a great buying opportunity (as usual ;-) )
That confidence just takes time, not necessarily lower prices as some would believe.
Using the exchange rate of USD/YUAN, what is the comparable price on Chinese markets? Additionally, your English is excellent  $104 - $105 ATM ：-） |
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Jozzaboy
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June 17, 2013, 02:41:15 PM |
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Gox is oversold. All the markets in China are higher than Gox -- which makes for a change as they usually settle closer when given enough time.
I can see that plenty of bids are entering order books as people want to buy back, but they are a fair bit off the current price. As confidence returns on Mon/Tues, they will be moved up to market price and back up we will go.
Price won't be able to rise above $110 or so though -- it will take quite some time for confidence to fully return; perhaps a minimum of two weeks. Things will get going though. It's a great buying opportunity (as usual ;-) )
That confidence just takes time, not necessarily lower prices as some would believe.
Using the exchange rate of USD/YUAN, what is the comparable price on Chinese markets? Additionally, your English is excellent $104 - $105 ATM ：-） Thanks mate. Time to empty my accounts of fiat I think! |
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BitPirate
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June 17, 2013, 02:46:38 PM |
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:-) You can see all the China markets and the USD prices here: http://btckan.com/price (USD is the second column from the left). Sorry for the OT posts :-) |
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Jozzaboy
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June 17, 2013, 02:57:48 PM |
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:-) You can see all the China markets and the USD prices here: http://btckan.com/price (USD is the second column from the left). Sorry for the OT posts :-) It's all in Han  . Thank god for Babelfish...  |
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Abandon (OP)
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June 18, 2013, 12:44:49 PM |
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I predict up from here, there will be some small corrections, but mostly up, really far up. The sky is the limit. For now.
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Jozzaboy
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June 18, 2013, 12:52:46 PM |
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I'm feeling it too. Minimum high of 120, maximum of 135.
A lot of good news recently but the market has been bottoming out from sell pressure of whales. Confidence will come back.
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ft73
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June 18, 2013, 03:09:27 PM |
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I'm feeling it too. Minimum high of 120, maximum of 135.
A lot of good news recently but the market has been bottoming out from sell pressure of whales. Confidence will come back.
If it's going to 135$ then it's going to 150$. For now we have to work out 112$ to 115$, which should be a though range. Failing to break within a few days we'd go back to 105$ and lower.. |
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Abandon (OP)
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June 19, 2013, 06:39:01 PM |
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It looks like we're in a Cup and Handle formation, we're at the handle part at the moment. If this is a Cup and Handle formation, we can expect a rally upward anytime within an hour or so. Perhaps in a few minutes.
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Jozzaboy
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June 19, 2013, 06:42:41 PM |
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I hope so. My hand is strong but i'm eager to short if I end up with more bitcoins.
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ElectricMucus
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Marketing manager - GO MP
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June 19, 2013, 06:54:03 PM |
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It looks like we're in a Cup and Handle formation, we're at the handle part at the moment. If this is a Cup and Handle formation, we can expect a rally upward anytime within an hour or so. Perhaps in a few minutes.
Your thesis is almost out of time, you are grasping the last straw. |
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Abandon (OP)
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June 20, 2013, 06:33:20 PM
Last edit: June 20, 2013, 07:04:40 PM by Abandon |
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With the recent breakout, and Mt. Gox halting withdrawals, it looks like we can see 120 or above by today or tomorrow. Crossed the EMA's:  |
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Abandon (OP)
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June 21, 2013, 03:42:28 PM |
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FiatKiller
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June 21, 2013, 03:53:11 PM |
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Perhaps when posting in this thread you should put the Mt Gox Weighted Average as a reference. $111.65
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Abandon (OP)
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June 21, 2013, 04:04:53 PM |
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Perhaps when posting in this thread you should put the Mt Gox Weighted Average as a reference. $111.65
I Added the VWAP to it, if that's what that is. |
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Jozzaboy
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June 21, 2013, 04:42:24 PM |
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How interesting... so we are very undervalued with the MTGox PR hiccup and 'real' value is somewhere around 125+?
Rpetiela, Rpetiela... Rpetiela. What is the price on 12/31/13?
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