What is it this time? do the whales know something we dont?

[Cyberlight]

Just fake news.

[arepo]

Sounds like pure TA junkie talk.  At the least, news can serve as a catalyst for the direction it was already drifting; increasing the speed and degree the market acts.

if this was a reference to my post, i actually intentionally left out the TA aspect besides the word "overbought". all that really means is that trader consensus is that the price is "too high", anyway.

and what you say makes sense. news influences price, but each dip and spike is not attributable to some news somewhere, as many newbies here seem to take for granted.

a weeklong slide is cause for concern, newbie or vet.

not so sure about that. it's best to limit how your emotions affect your trading and make a plan for all possible contingencies and simply follow through. the moment you start getting concerned is the moment you sell at a market bottom, and the moment you start getting excited is the moment you buy at a top

--arepo

[LOADING.READY.RUN]

and what you say makes sense. news influences price, but each dip and spike is not attributable to some news somewhere, as many newbies here seem to take for granted.

News does affect price, but most of the time not in the sense that many people think. High profile news (good or bad) are a great opportunity for pump&dump whales because news make the crowd easier to control.

Other than that, I agree that we haven't finished the downtrend after the all time high -- and occasional dips are rather normal in this situation. However, it would've been a lot shallower without the panic selling from the China BTC ban fake news.

[seriouscoin]

and what you say makes sense. news influences price, but each dip and spike is not attributable to some news somewhere, as many newbies here seem to take for granted.

News does affect price, but most of the time not in the sense that many people think. High profile news (good or bad) are a great opportunity for pump&dump whales because news make the crowd easier to control.

Other than that, I agree that we haven't finished the downtrend after the all time high -- and occasional dips are rather normal in this situation. However, it would've been a lot shallower without the panic selling from the China BTC ban fake news.

And why does banning BTC in China still matter?

Dont we already have a mind set that BTC cant flourish in China? Didnt we go thro this emotion last fall?

[LOADING.READY.RUN]

And why does banning BTC in China still matter?

Because people are sheeple...

[BitOnyx]

Bitcoin is in same trend since beginning of January. It will change at point when real big players will join. Recently there were already some rumors and news about bigger investors trying to get into bitcoin ATMs and currency exchanges. Then the trend will change dramatically.

And why does banning BTC in China still matter?

Because people are sheeple...

http://live.sina.com.cn/zt/l/v/finance/globalnews1/?update It might change soon