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Author Topic: Analysis  (Read 940417 times)
Zarathustra
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February 07, 2014, 08:07:15 PM
 #1341

Weak hands (and brains) are selling. Smart money is buying:

https://bitcointalk.org/index.php?topic=337486.0
http://www.coindesk.com/secondmarket-takes-first-step-to-becoming-us-exchange-with-new-seller-service/
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pinky
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February 07, 2014, 08:58:54 PM
 #1342


True, if you call "smart" money people who trust their holdings to others and pay hefty fees for this.



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Fernandez
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February 08, 2014, 07:35:14 AM
 #1343

Bitcoin plunges as major exchange halts withdrawals

http://money.cnn.com/2014/02/07/investing/bitcoin-withdrawal-halt/

Reading the comments, highest voted comments still think it's a scam/pyramid scheme etc. Good, I still have time to stack more coins  Grin Cheesy

When I try explaining Bitcoin to my friends, the first impression is always its a scam/pyramid scheme. I keep telling them not to come back crying in 10 years.

Regarding this thread, whats the common thinking? Going up or down?






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...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






bassclef
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February 08, 2014, 07:58:32 AM
 #1344

Bitcoin plunges as major exchange halts withdrawals

http://money.cnn.com/2014/02/07/investing/bitcoin-withdrawal-halt/

Reading the comments, highest voted comments still think it's a scam/pyramid scheme etc. Good, I still have time to stack more coins  Grin Cheesy

When I try explaining Bitcoin to my friends, the first impression is always its a scam/pyramid scheme. I keep telling them not to come back crying in 10 years.


I usually explain it like it's a protocol to transfer value. Or a decentralized consensus system. That usually gets their attention.
N12
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February 10, 2014, 10:42:02 AM
 #1345

Time to buy  (short term) Grin
Indeed time to begin, but probably not only short term for me. Cheesy
Bought some more. Too bad about all the HODLERs who are missing out completely. Cheesy

Premium of MtGox over Bitstamp is currently -15.9090909091 %. Beautiful.
myself
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February 10, 2014, 11:11:54 AM
 #1346

Quote
10:26 <robocoin> what are your targets if it pops? (any direction)
10:26 <myselfbtc> my is 400
10:26 <myselfbtc> super beat 100-120
10:26 <myselfbtc> bear*
10:26 <robocoin> wow

have a nice day :=)

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
Rampion
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February 10, 2014, 11:14:51 AM
 #1347

Bought like a mofo earlier today in the $530 to $600 range, if we go under $450 I will load the truck!!

Gotta love panickers and noobs.

myself
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February 10, 2014, 12:04:24 PM
 #1348



/tin foil hat ON
mtgox coins sold on btc-e ?
/tin foil hat OFF

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
JustAnotherSheep
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February 10, 2014, 03:23:11 PM
Last edit: February 10, 2014, 04:17:44 PM by JustAnotherSheep
 #1349

Oh wow, fib support 0.236 completely devastated, approaching floor.

I hate to say I told you so, but- ah who am I kidding, I told you so! Grin

Seriously though, I did not expect this. Any dumb sheep (harr) can smell the (successful it seems) Gox market manipulation attempt from miles away. Will this be the final deathblow that makes people realize what a shit exchange they truly are? [optimistic]

/tin foil hat ON
mtgox coins sold on btc-e ?
/tin foil hat OFF
Possibly. Or, as reddit would have it, a textbook case of a beached whale Cheesy

Is it a bull? Is it a bear? No, it's just another sheep.
hdbuck
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February 10, 2014, 09:17:28 PM
 #1350

@masterluc: i am starting to think you were right calling a "see you in 2016-17". not a bright future near term. many challenges to be taken care of before a sustainable 1000k price
Equilux
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February 11, 2014, 12:49:12 AM
 #1351

@masterluc: i am starting to think you were right calling a "see you in 2016-17". not a bright future near term. many challenges to be taken care of before a sustainable 1000k price

What kind of challenges have suddenly appeared then? The recent dip has shown us a few things;

- Mt.Gox are even more childish and unprofessional then we might have thought, as shown by their latest press-release.

- There are idiots selling several thousands of BTC on BTC-e which gave a lot of people extremely cheap coins.

What has really changed? 

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February 11, 2014, 08:03:47 PM
 #1352

@masterluc: i am starting to think you were right calling a "see you in 2016-17". not a bright future near term. many challenges to be taken care of before a sustainable 1000k price

What kind of challenges have suddenly appeared then? The recent dip has shown us a few things;

- Mt.Gox are even more childish and unprofessional then we might have thought, as shown by their latest press-release.

- There are idiots selling several thousands of BTC on BTC-e which gave a lot of people extremely cheap coins.

What has really changed?  

I am not thinking of particular events since Gox or whatever other "bad" news is just some pretext for the price to drop back from where it started. imho its more about the democratization of bitcoin. We had a little spotlight on bitcoin for the last couple of month which is clearly not enough for its price to be stable at even 1000$ range. I kinda "fear" this will take a long time and people tend to forget it when only considering the last bubble to 1200$.

edit: hence, that "see you in 2017 or 2016 (couldnt recall it exactly)" call from OP seemed quite rational and fair to me (when it didnt at first). just need to give Bitcoin some time Smiley
JustAnotherSheep
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February 13, 2014, 01:34:54 PM
 #1353

I am not thinking of particular events since Gox or whatever other "bad" news is just some pretext for the price to drop back from where it started. imho its more about the democratization of bitcoin. We had a little spotlight on bitcoin for the last couple of month which is clearly not enough for its price to be stable at even 1000$ range. I kinda "fear" this will take a long time and people tend to forget it when only considering the last bubble to 1200$.

edit: hence, that "see you in 2017 or 2016 (couldnt recall it exactly)" call from OP seemed quite rational and fair to me (when it didnt at first). just need to give Bitcoin some time Smiley
Or maybe this sentiment is a clear demonstration of capitulation and end of wave C?

Though I don't like how the charts are completely shitting in on themselves with a clear bear trend and no reversal patterns in sight. Then again I'm just another sheep and my feelings are probably shared by the hivemind Smiley

Is it a bull? Is it a bear? No, it's just another sheep.
myself
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February 13, 2014, 01:54:42 PM
 #1354

i made something in log(logarithmic) scale so some of you can think/ponder about it and other to flame about it



info to read if you need to http://www.investopedia.com/terms/f/fibonacciretracement.asp


have a nice day Smiley


shameless self quote and /bump

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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February 13, 2014, 02:03:03 PM
 #1355



shameless self quote and /bump

Thanks for the bump
Based on this I have realised that my bid at $2.9 was probably a bit low and have moved it up to $3.6, just above the .5 retracement  Grin

"Before you embark on a journey of revenge, dig two graves"  - Confucius (China 551BC-479 BC)
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February 13, 2014, 02:27:22 PM
 #1356

Based on this I have realised that my bid at $2.9 was probably a bit low and have moved it up to $3.6, just above the .5 retracement  Grin

 Huh

IMO the market is about to end the first 1 / 3 of wave C. But I'm not sure if the dumping has finished for now or not.
The inverted disparity between exchanges is confusing my analysis. Bitstamp seems to have not dropped enough yet,
for the rebound that will follow (the upward 2 sub-sub-waves of the middle 1 / 3 of wave C) to be large enough.
MtGox seems to have has dropped too much to take another large drop before the rebound, and any significant rebound
would require resuming BTC withdrawals, after fixing the wallet malleability vulnerability. A fix may be available sometimes next
week, but in the meantime the market may panic further. For now the attack itself has been halted, since it has reached it's
targets, but it may resume when the exchanges will allow BTC withdrawals. Clouded the future is...

Sometimes, if it looks too bullish, it's actually bearish
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February 13, 2014, 02:35:28 PM
 #1357


I'll throw this in: the charts continue to look bearish as hell to me, I simply cannot find a sign of reversal in them. Volume analysis (CMF) and bid/ask, on the other hand look very good right now, textbook divergence unfolding there. Make of that what you want.


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phoenix1
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February 13, 2014, 02:39:32 PM
 #1358

Clouded the future is...

This much is clear
On my hands I sit ...

Chart still looks bearish to me too (maybe not $3.6 bearish  Wink)
But you are right about the big volume on the bid side on stamp in particular ...

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February 13, 2014, 06:46:39 PM
 #1359


I'll throw this in: the charts continue to look bearish as hell to me, I simply cannot find a sign of reversal in them. Volume analysis (CMF) and bid/ask, on the other hand look very good right now, textbook divergence unfolding there. Make of that what you want.



That's what a bottom or top look like. Full on chart trend marked by divergences.

Also, basic situation where we know that btc withdrawals open up people will start buying btc.
oda.krell
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February 13, 2014, 06:59:41 PM
 #1360


I'll throw this in: the charts continue to look bearish as hell to me, I simply cannot find a sign of reversal in them. Volume analysis (CMF) and bid/ask, on the other hand look very good right now, textbook divergence unfolding there. Make of that what you want.



That's what a bottom or top look like. Full on chart trend marked by divergences.

Also, basic situation where we know that btc withdrawals open up people will start buying btc.

You're awfully optimistic, huh Cheesy

Like I said, make of it what you want. I'm not calling reversal before I see some corresponding price action.

Not sure which Bitcoin wallet you should use? Get Electrum!
Electrum is an open-source lightweight client: fast, user friendly, and 100% secure.
Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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