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mestar
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January 21, 2014, 02:31:52 AM |
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 It will level out at $200. You will be able to buy lower than that. Just hold your fiat/buy NXT/spend it. Buying BTC now = investing in regret. Your picture is unclear, I'm guessing you are thinking that the price will fall in the same ratio as the volume would fall? |
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loopgate88
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January 21, 2014, 02:36:23 AM |
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Chinese trading volume disappearing = Chinese capitulation = Decrease in market cap by a proportional amount
Similarly to how in Nov/Dec,
Chinese trading volume exploding = Chinese investment = Increase in market cap by a proportional amount
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mestar
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January 21, 2014, 02:38:30 AM |
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I see no reason why would a decrease in volume cause a proportional decrease in price.
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loopgate88
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January 21, 2014, 02:42:58 AM |
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Do you see a reason why an increase in volume would cause a proportional rise in price?
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mestar
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January 21, 2014, 02:45:17 AM |
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Off course not. This price will follow volume is a kind of strange theory.
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theonewhowaskazu
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January 21, 2014, 02:51:02 AM |
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If anything price would decrease with BTC-denominated volume.
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loopgate88
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January 21, 2014, 03:11:51 AM |
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It's strange if you are looking at it as a universal rule. It has its limitations, hence the post in the speculation forum.
Nonetheless, there is an established relationship between the Chinese market volume and the increase in price. To expect it to not apply if the volume is removed is illogical.
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Le Happy Merchant
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January 21, 2014, 03:27:51 AM |
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I shorted at 831 yesterday
Well done. You're going to make a lot of money. This motherfucker right here. I love this guy. |
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fluidjax
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January 21, 2014, 07:38:29 AM |
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It's strange if you are looking at it as a universal rule. It has its limitations, hence the post in the speculation forum.
Nonetheless, there is an established relationship between the Chinese market volume and the increase in price. To expect it to not apply if the volume is removed is illogical.
. correlation is not causation |
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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January 21, 2014, 07:55:26 AM |
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SHOT OR  |
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loopgate88
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January 21, 2014, 10:59:04 PM |
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It's strange if you are looking at it as a universal rule. It has its limitations, hence the post in the speculation forum.
Nonetheless, there is an established relationship between the Chinese market volume and the increase in price. To expect it to not apply if the volume is removed is illogical.
. correlation is not causation what's in front of you isn't correlation |
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fluidjax
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January 22, 2014, 10:02:58 AM |
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It's strange if you are looking at it as a universal rule. It has its limitations, hence the post in the speculation forum.
Nonetheless, there is an established relationship between the Chinese market volume and the increase in price. To expect it to not apply if the volume is removed is illogical.
. correlation is not causation what's in front of you isn't correlation "there is an established relationship between the Chinese market volume and the increase in price" That sounds like you are asserting there is a correlation to me. Wikipedia: "Correlation does not always mean that one thing causes the other thing (causation), because a something else might have caused both. For example, on hot days people buy ice cream, and people also go to the beach where some are eaten by sharks. There is a correlation between ice cream sales and shark attacks (they both go up as the temperature goes up in this case). But just because ice cream sales go up does not cause (causation) more shark attacks." When the volume is removed it doesn't necessarily follow that the price will change. |
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disclaimer201
Legendary
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Activity: 1526
Merit: 1001
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January 26, 2014, 01:34:26 PM |
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I hope you all shotred Bitcoin as proudhon told you.  |
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proudhon (OP)
Legendary
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Activity: 2198
Merit: 1311
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January 26, 2014, 01:59:12 PM |
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I hope you all shotred Bitcoin as proudhon told you. This is just a small blip, mostly caused by people getting out of MtGox to dump on Stamp and other places. As I confirmed yesterday, given what we know about confirmed news and MtGox and such, from here out, if the price goes up that's good evidence that the price is going to crash. And if the price doesn't go up that is also good evidence that the price is going to crash. Therefore, the only sensible thing to do is SHOTR. Brothers, increase your SHOTRS! |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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disclaimer201
Legendary
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Activity: 1526
Merit: 1001
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January 26, 2014, 11:03:38 PM |
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I hope you all shotred Bitcoin as proudhon told you. This is just a small blip, mostly caused by people getting out of MtGox to dump on Stamp and other places. As I confirmed yesterday, given what we know about confirmed news and MtGox and such, from here out, if the price goes up that's good evidence that the price is going to crash. And if the price doesn't go up that is also good evidence that the price is going to crash. Therefore, the only sensible thing to do is SHOTR. Brothers, increase your SHOTRS! Sorry, but your reasoning makes no sense whatsoever. MtGox sucks for many reasons (frozen accounts, lack of liquidity, holding hostage 60000 coins from bitcoinica depositors etc) but even if they go tits up, which I pray they do, it will not affect the bitcoin price anymore in any significant way. This isn't 2011 anymore, there are many exchanges to pick up the business as a nice boost. The Chinese 'news' is yesterday's news and priced in the current BTC price already. So, if you are really counting on making money shorting bitcoin, I fear you will fail again. How come you haven't changed your strategy after all these years, you must have lost so much money by now it isn't even funny. My guess is you have other ambitions. |
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Dafar
Legendary
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Activity: 1330
Merit: 1000
dafar consulting
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January 28, 2014, 04:22:41 AM |
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Shorting at 750...
oops. good luck with that! Yeah, thanks for the good luck |
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Holliday
Legendary
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Activity: 1120
Merit: 1012
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January 28, 2014, 04:29:10 AM |
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Shorting at 750...
oops. good luck with that! Yeah, thanks for the good luck So... what are you using BitStamp prices? Is your short almost in the positive (again) or did you cash out at 725? |
If you aren't the sole controller of your private keys, you don't have any bitcoins.
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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January 28, 2014, 05:37:29 AM |
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So... what are you using BitStamp prices? Is your short almost in the positive (again) or did you cash out at 725?
Cashed out a while ago, I didn't make any money... just trying to be cool  |
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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January 28, 2014, 05:40:41 AM |
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So... what are you using BitStamp prices? Is your short almost in the positive (again) or did you cash out at 725?
Cashed out a while ago, I didn't make any money... just trying to be cool So, lost money? |
i am satoshi
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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January 28, 2014, 05:42:47 AM |
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Yea
But it's ok, I made it up in kitty coin
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