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amencon
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December 20, 2013, 05:10:27 PM |
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According to some posters on this forum, every upward movement that btc makes is always a trap.
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human
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December 20, 2013, 05:21:21 PM |
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The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.
We are going a long way down now. This seems to be just the start of government regulation.
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MatTheCat
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December 20, 2013, 05:29:35 PM |
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FK MACDs, SMAs, and RSIs! We have here a clear indicator of yet more brutal corrections Gentlemen. hold on to your hats! We are back, and recovered from china. We don't need them, and have moved on. We have resumed the steady climb.
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Dafar
Legendary
 Offline
Activity: 1330
Merit: 1000
dafar consulting
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December 20, 2013, 05:36:02 PM |
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IMO a bull trap being set up by the chinese sellers. It looks attractive to get in now but they are waiting to have another sell off at a higher price.
I'm gonna wait and see if it drops below $600 again in the next 2 weeks, and if it does I'm buying more.
So basically people are getting in now thinking we're back -> price increase -> 2nd chinese sell off -> newbs feel the PAIN -> panic selling -> more cheap coins for long term bulls
i love it
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T.Stuart
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December 20, 2013, 05:50:23 PM |
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We are going a long way down now. This seems to be just the start of government regulation.
Being on the speculation forum and setting aside the integral anti-government philosophy of Bitcoin for a moment just so that we can consider things with a cool head, I don't understand why some people think that government regulation will make the price go down (I assume it is the price you are talking about when you say "we are going a long way down now" and not our ethical standards!). I think it is one of the several indispensible keys to making the price go up. Have I missed something? |
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MatTheCat
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December 20, 2013, 06:45:15 PM |
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We are going a long way down now. This seems to be just the start of government regulation.
Being on the speculation forum and setting aside the integral anti-government philosophy of Bitcoin for a moment just so that we can consider things with a cool head, I don't understand why some people think that government regulation will make the price go down (I assume it is the price you are talking about when you say "we are going a long way down now" and not our ethical standards!). I think it is one of the several indispensible keys to making the price go up. Have I missed something? Depends on the regulation really. If the legislation states; "40 years in the work camps for any peasants caught dealing in Bitcoin" I would suggest that government regulation would have a detrimental effect on the value of Bitcoin. What would be your take on this? |
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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December 20, 2013, 06:50:09 PM |
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IMO a bull trap being set up by the chinese sellers. It looks attractive to get in now but they are waiting to have another sell off at a higher price.
I'm gonna wait and see if it drops below $600 again in the next 2 weeks, and if it does I'm buying more.
So basically people are getting in now thinking we're back -> price increase -> 2nd chinese sell off -> newbs feel the PAIN -> panic selling -> more cheap coins for long term bulls
i love it
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human
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December 20, 2013, 06:55:17 PM |
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We are going a long way down now. This seems to be just the start of government regulation.
Being on the speculation forum and setting aside the integral anti-government philosophy of Bitcoin for a moment just so that we can consider things with a cool head, I don't understand why some people think that government regulation will make the price go down (I assume it is the price you are talking about when you say "we are going a long way down now" and not our ethical standards!). I think it is one of the several indispensible keys to making the price go up. Have I missed something? You have missed that you can not transfer anymore cash to BTCchina. It is not about being legal or not. Now it is just much more difficult to buy BTC. That's it. |
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chesthing
Legendary
Offline
Activity: 1414
Merit: 1000
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December 20, 2013, 10:19:38 PM |
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IMO a bull trap being set up by the chinese sellers. It looks attractive to get in now but they are waiting to have another sell off at a higher price.
I'm gonna wait and see if it drops below $600 again in the next 2 weeks, and if it does I'm buying more.
So basically people are getting in now thinking we're back -> price increase -> 2nd chinese sell off -> newbs feel the PAIN -> panic selling -> more cheap coins for long term bulls
i love it
In the next 2 weeks!? it dropped below $600 a few hours after your post. Btc is way too unstable right now to talk in "weeks". What's the best guess on when the news of BTCChina shutting down will hit? that will be the next new low. |
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porc
Member
Offline
Activity: 98
Merit: 10
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December 20, 2013, 10:22:00 PM |
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LOL.
This is far from over.
Below 10 dollar/ bitcoin in 2014.
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Jcw188
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December 20, 2013, 10:29:35 PM |
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hard to say yes man. We would need to get up to all time highs to say it's def a bull market. Right now I see it hanging on for dear life to stay above $500.
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chesthing
Legendary
Offline
Activity: 1414
Merit: 1000
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December 20, 2013, 10:39:51 PM |
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All I know is I bought my first 5 BTC on Monday at $700. I then found myself sitting in front of the computer early Wednesday morning in horror at the price at $429. I refused to look at the price again until my coins arrived in Coinbase this morning, and was very surprised and relieved to see $699. I couldn't hit the sell button fast enough. I guess I'm going to have to wait 30 days for my next purchase, that 4 day wait is brutal.
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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December 20, 2013, 11:00:13 PM |
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U1TRA_L0RD
Full Member
Offline
Activity: 126
Merit: 100
CAUTION: Angry Man with Attitude.
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December 21, 2013, 04:56:06 AM |
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What would happen if lets say, BTC prices went back down below 100, is it a good time to buy? I really want to buy alteast 2 BTC
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porc
Member
Offline
Activity: 98
Merit: 10
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December 21, 2013, 05:12:58 AM |
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The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.
We are going a long way down now. This seems to be just the start of government regulation.
+1 See you guys sub $10 in 2014. |
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notig
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December 21, 2013, 05:43:27 AM |
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sub 10 isn't possible. even sub 100 isn't. But there is no way we are going up... a bubble of the magnitude we witnessed can't correct itself this fast..........
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 21, 2013, 05:49:12 AM |
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The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.
We are going a long way down now. This seems to be just the start of government regulation.
+1 See you guys sub $10 in 2014. Ok Porc. See you in regret land. LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin. Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014. |
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TERA
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December 21, 2013, 05:49:27 AM |
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I am confused by the high bid depth and comparitively low ask depth.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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December 21, 2013, 05:52:01 AM |
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I am confused by the high bid depth and comparitively low ask depth.
It is what it is. It looks to me like there is A LOT of built up demand for BTC because of this last run up, media exposure and VC investment. I think we should think about how different the markets crashed in 2011 and April 2013. I believe this was because of the fundamentals and how they changed during that time. I think they have changed considerably since April, so this crash will be just as different to April's as April's was to 2011. I think we go down, but I am not as bearish as I was a couple of days ago. |
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porc
Member
Offline
Activity: 98
Merit: 10
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December 21, 2013, 05:54:40 AM
Last edit: December 21, 2013, 07:29:07 AM by porc |
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The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.
We are going a long way down now. This seems to be just the start of government regulation.
+1 See you guys sub $10 in 2014. Ok Porc. See you in regret land. LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin. Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.  Lol. You are praising a falling star (crashing would be more accuarte). The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans consume (debt financed) but save and produce nothing. China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce! China is the future. Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?). |
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