pera (OP)
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December 16, 2013, 08:42:18 PM |
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Shouldn't bulls start a 'bull bunker' thread, now that it's going down hard?
As for where the market is, IMO it's in the middle of wave C. The first third was a weak drop, the second third happens now,
and the third and most powerful drop (itself divided into three) should happen in another 2 - 5 days, depending on volume.
Yup, although I think the recent news from China are going to keep the market in downtrend for more time than that... I really hope some good news after that because I wanna turn bull again  |
ｷﾀ━━━━(ﾟ∀ﾟ)━━━━ｯ!!
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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jojo69
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diamond-handed zealot
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December 16, 2013, 09:01:27 PM |
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look at all the fancy new furniture in here love what you guys have done with the place!  |
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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Ibian
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Activity: 2268
Merit: 1278
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December 16, 2013, 09:32:54 PM |
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Got in at ~135. Stamp says 740. No problem, still moving up overall.
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Look inside yourself, and you will see that you are the bubble.
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T.Stuart
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December 16, 2013, 09:35:27 PM |
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The funny thing is, I get the impression that a couple of hours ago a lot of people were thinking "it's heading down; I'll get my fiat ready for a few days time", and then the China news comes out and after some minor coin dumping for an hour these same people think "It's hit bottom! Let's get in there now or never!" and get back in days before they would have done if they remembered what they were doing!
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Nagle
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December 18, 2013, 07:04:00 AM |
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Yuan/Bitcoin is dropping much faster than USD/Bitcoin. The rally happened because Bitcoin provided a way around exchange controls in China. When the PBOC clamped down, that ended.
Now we're back to the basic question "What is Bitcoin used for, anyway?" With all this volatility, it sucks for any transaction where you're stuck with a price in Bitcoins for more than a few hours.
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accord01
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December 18, 2013, 07:12:52 AM |
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I feel bad for the baby bull that finally got their money together at the double top saying TO THE MOON....
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Tzupy
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December 18, 2013, 09:36:26 AM |
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Wow, that went faster than I expected! So it doesn't look like April after all.
Now, the big question, was 480$ the very bottom (Gox price)? I'm not sure, based on historical data the price should
drop by about 50% during the last sub-wave of wave C, and now it only dropped about 36% (750$ to 480$).
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Sometimes, if it looks too bullish, it's actually bearish
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ajax3592
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Crypto News & Tutorials - Coinramble.com
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December 18, 2013, 09:41:09 AM |
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It's not over yet mate. $400 is bound to come today, CHINA means something.
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samsam
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December 18, 2013, 09:41:49 AM |
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BTC is going down more. This is a serious crash.
The sell pressure from the Chinese is too great. It really is amazing to watch.
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ajax3592
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Crypto News & Tutorials - Coinramble.com
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December 18, 2013, 09:47:44 AM |
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BTC is going down more. This is a serious crash.
$425 on CNY, Gox follows CNY |
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AndrewWilliams
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Fourth richest fictional character
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December 18, 2013, 10:02:57 PM |
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look at all the fancy new furniture in here love what you guys have done with the place! :walks in: *ahem* :hands jojo69 a tissue and some tylenol: |
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EuroTrash
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December 20, 2013, 09:26:26 AM |
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What happened to this thread?
It's kinda gone silent, isnt' it?
C'mon guys, today might be a good day for you. Correction from sucker's rally is already happening. Support on Stamp around 630. Will it be broken or not?
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<=== INSERT SMART SIGNATURE HERE ===>
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Honeypot
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December 20, 2013, 09:28:15 AM |
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Trend is different now with all the attention and public governments chiming in.
If the trend follows, the prices will stabilize around 500s for awhile until the next big bubble.
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TERA
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December 20, 2013, 04:17:36 PM |
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What do you guys think of the all the walls that formed in 400s and 500s? Bids are at ATHs. Will they just be drilled through if China crashes again?
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ElectricMucus
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Marketing manager - GO MP
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December 20, 2013, 04:28:42 PM |
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What do you guys think of the all the walls that formed in 400s and 500s? Bids are at ATHs. Will they just be drilled through if China crashes again?
Depends on the news. Right now everybody thinks the banking ban in China is just a minor inconvenience and eventually there will be ways around that. |
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esse83
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December 20, 2013, 05:00:26 PM |
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What do you guys think of the all the walls that formed in 400s and 500s? Bids are at ATHs. Will they just be drilled through if China crashes again?
Depends on the news. Right now everybody thinks the banking ban in China is just a minor inconvenience and eventually there will be ways around that. They are wrong if this is right “The PBOC statement on Dec. 5 was somewhat vague and there is more clarity now,” Zennon Kapron, managing director of financial consultancy Kapronasia, said in an interview yesterday in Shanghai. “The way it’s reading now is that after the Chinese New Year, you won’t be able to get your money off the platforms.” http://www.bloomberg.com/news/2013-12-18/btc-china-says-it-can-t-accept-new-deposits-for-bitcoin-trading.html |
“Bitcoin is wild and crazy investment that I’m diversifying out of all the time,” - Gavin Andresen
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Tzupy
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December 20, 2013, 06:05:01 PM |
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So the Chinese have until 10th February 2014 to withdraw fiat and coins from their exchanges, is this correct?
The 4h charts suggests a new downtrend, but the bids are now at an ATH, interesting situation, could turn either way.
Google trends shows interest in bitcoin similar to the 500$ level, but is lagging by 3 days.
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Sometimes, if it looks too bullish, it's actually bearish
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samsam
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December 21, 2013, 01:02:12 PM
Last edit: December 21, 2013, 01:21:41 PM by samsam |
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Still going down.
I wonder how much BTC still needs to be sold in China? My guess is BTC China will sell down to the $200 range by the time a majority of the BTC is sold off.
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dg2010
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December 21, 2013, 01:34:23 PM |
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And you think MtGox/Bitstamp will follow China all the way down to the bottom?
I think if you can get coins around $500 you will be in a good position regardless of your timescales. I see it bouncing up and down between $600-700 for a few weeks so good trading opportunities and then into the medium term it will continue to trend up. People are buying Lamborghini's with Bitcoin, 2014 is going to be wild.
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