Dead cat dance

[insidertradingeverywhere]

Back in panicmode in 3,2,1 ...

Permabull assrape

Bitcoin is permabull rape-town, ladies

[knight22]

Close your shorts now or cry later.

[insidertradingeverywhere]

Close your shorts now or cry later.

just opened some. Get ready for the pain.

[twiifm]

Yup nice rejection off the 50 SMA.  If 20 SMA doesn't hold, then buh bye

Nice timing on the short entry if you get the breakdown

[altcoin hitler]

[flipstyle]

A fool and his money doth depart.

[altcoin hitler]

A fool and his money doth depart.

ssssht! We need their buyorders!

[insidertradingeverywhere]

... and here is your selloff. No need to thank me for doing calls spot on.

If it doesn't now it'll do later. Every movement north is a bulltrap currently.

[BitCoinNutJob]

Back in panicmode in 3,2,1 ...

Permabull assrape

Bitcoin is permabull rape-town, ladies

good luck with getting in much cheaper, dont forget we were over $1k a year ago, speculators can speculate at this price, risk/reward is good already.

[insidertradingeverywhere]

Back in panicmode in 3,2,1 ...

Permabull assrape

Bitcoin is permabull rape-town, ladies

good luck with getting in much cheaper, dont forget we were over $1k a year ago, speculators can speculate at this price, risk/reward is good already.

The ATH is not coming back. It will be cheaper, no worries. We will literally choke on the coins.

[bounst]

i think it's better to say "living dog jump"   

[insidertradingeverywhere]

i think it's better to say "living dog jump"  

you really believe in it, do you? Rule no.1: never fall in love with your investement. Rule no.2: cut losses early

[twiifm]

i think it's better to say "living dog jump"  

you really believe in it, do you? Rule no.1: never fall in love with your investement. Rule no.2: cut losses early

That's what I always say.  Cut your losses and ride your winners

[insidertradingeverywhere]

Well, the channel it is in now between 1220 and 1150 must be recognized too. Slighlty rising channel. Maybe bagholders are lucky for today and don't suffer more fatal losses.

We'll see in which ever direction it goes. In case it breaks down don't hesitate to sell. In case it breaks north, don't rush in. Just close and short after next leg up in case it even happens.

Around 1220 is major support/resistance. Don't think it'll go much higher. Chances are good for more selloffs imo.

[dropt]

Who knows what it's going to do.  One thing's for sure, everyone here is brainwashed that it's an eternal bear market.  If whomever took it down this low decides it's going up, how many times will you get bear trapped before you figure out what's going on?

You say don't get attached to your investment, I say don't get attached to your trading strategy.

[insidertradingeverywhere]

Who knows what it's going to do.  One thing's for sure, everyone here is brainwashed that it's an eternal bear market.  If whomever took it down this low decides it's going up, how many times will you get bear trapped before you figure out what's going on?

You say don't get attached to your investment, I say don't get attached to your trading strategy.

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

[insidertradingeverywhere]

yeah, LTC sells off
this is going lower sooner or later

market is weak

[avw1982]

What goes down, must go up. 

[insidertradingeverywhere]

someone sells off below 1150 cny and panic commences.

Bulls stopped the drop too early. Now it hangs in the air and doesn't know what to do.

[avw1982]

Just hang around and go up in a week or so.

[insidertradingeverywhere]

Just hang around and go up in a week or so.

sure - needs 5 million USD in a week in fresh money just to hold this price. You think 5 million will be invested next 7 days? And mind you: that's just enough to prevent a further drop.

[insidertradingeverywhere]

Just hang around and go up in a week or so.

sure - needs 5 million USD in a week in fresh money just to hold this price. You think 5 million will be invested next 7 days? And mind you: that's just enough to prevent a further drop.

no there is not, no new money is coming in and huge money is going out

buysupport looks weak in fact

I think shortsellers continue to have better odds.

[bassclef]

Just hang around and go up in a week or so.

sure - needs 5 million USD in a week in fresh money just to hold this price. You think 5 million will be invested next 7 days? And mind you: that's just enough to prevent a further drop.

This is not how markets work, Einstein.

[insidertradingeverywhere]

Just hang around and go up in a week or so.

sure - needs 5 million USD in a week in fresh money just to hold this price. You think 5 million will be invested next 7 days? And mind you: that's just enough to prevent a further drop.

This is not how markets work, Einstein.

This is how bitcoin works, sure. You need to constantly throw money at it to pay the tax to the miners. If you don't: it drops until it's affordable again.

Bagholders need to constantly buy - not just one time- they need to buy all the time. Who else should uphold the coin?

The days of novelty, hype and big profit are the past. This is swim or sink. Public doesn't want it. Too volatile crazy.


You have an inefficient coin with big miningindustry to support. If you are bagholding you better go out and promote the shitcoin so it doesn't collapse in on itself.

[insidertradingeverywhere]

I think it's interesting how bitfinex and okcoin battle eachother.

[dropt]

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

All those words and you still didn't answer my question.

[insidertradingeverywhere]

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

All those words and you still didn't answer my question.

I haven't been beartrapped so far. I am only always bulltrapped so i stopped the longs for now. Or what was your question?

You want to tell me you see an uptrend and i should be scared to be beartrapped? Seriously?

[dropt]

I haven't been beartrapped so far. I am only always bulltrapped so i stopped the longs for now. Or what was your question?

That would suffice, and is exactly my point.  So you were bulltrapped over and over until you figured out that shorting was the answer.  There will come a time where people are going to be bear trapped again and again because they've been conditioned by this market to just short the shit out of it at every turn.

EDIT:  I already told you I don't know where it's going.  What I do know is that there was a battle fought and all I ever read around here is "there wasn't enough volume" as a reason why there a reversal wasn't accepted.  We can see now that daily volume records were broken over the last two days.  I would give this a 50% chance of up, and a 50% chance of down; shorting is equally as (dumb) and risky as going long at this point.

[insidertradingeverywhere]

I haven't been beartrapped so far. I am only always bulltrapped so i stopped the longs for now. Or what was your question?

That would suffice, and is exactly my point.  So you were bulltrapped over and over until you figured out that shorting was the answer.  There will come a time where people are going to be bear trapped again and again because they've been conditioned by this market to just short the shit out of it at every turn.

Thanks for being so caring. I would recommend you save your own ass. But thanks.

[dropt]

Thanks for being so caring. I would recommend you save your own ass. But thanks.

My ass doesn't need to be saved, there isn't a possible scenario on earth where at the end of the day I haven't made out in spades for the amount I've thrown in the ring.  You're running around with your head cut off and I'm suggesting you take a step back and look at it objectively.  But, if you're just here to make a scene, let me know.  I'll happily put you on ignore and get on with my evening.

Edit: You should take out a max leverage short with no stop loss if you're so confident.

[JimboToronto]

why does it sound like a fucqing scam ponzi scheme?

Because you're not smart enough to to figure out the difference between a transfer protocol and a Ponzi scheme?

https://www.youtube.com/watch?v=7u4F8cpzqao

Foolish trolls. Sigh.  

[insidertradingeverywhere]

Thanks for being so caring. I would recommend you save your own ass. But thanks.

My ass doesn't need to be saved, there isn't a possible scenario on earth where at the end of the day I haven't made out in spades for the amount I've thrown in the ring.  You're running around with your head cut off and I'm suggesting you take a step back and look at it objectively.  But, if you're just here to make a scene, let me know.  I'll happily put you on ignore and get on with my evening.

It's danergous to be too sure about an investement. All merchant adoption and community support, not even infusion of big money by wealthy investors outweights the inflation - that's all i know.
The infaltionrate trumps it all. We have seen that. You can't rely on a new hype right now.

So you have to battle that deamon of the inflation to win this. But you are probably unaware.

[dropt]

It's danergous to be too sure about an investement. All merchant adoption and community support, not even infusion of big money by wealthy investors outweights the inflation - that's all i know.

So you have to battle that deamon of the inflation to win this. But you are probably unaware.

I've been involved/here for three years; I'm aware.  I just don't attribute as much weighting to this issue as you seem to.

[insidertradingeverywhere]

It's danergous to be too sure about an investement. All merchant adoption and community support, not even infusion of big money by wealthy investors outweights the inflation - that's all i know.

So you have to battle that deamon of the inflation to win this. But you are probably unaware.

I've been involved/here for three years.  I'm aware.

Smaller marketcap combined with novelty and hype is better to handle than large marketcap and dwindling interest.

Right now maybe good to just capitulate and let it hit the natural floor so everyone can be a bull again. 

[dropt]

Smaller marketcap combined with novelty and hype is better to handle than large marketcap and dwindling interest.

Perhaps, but novelty and hype don't have staying power.


Edit:

Right now maybe good to just capitulate and let it hit the natural floor so everyone can be a bull again.  Wink

I agree.

[inca]

Who knows what it's going to do.  One thing's for sure, everyone here is brainwashed that it's an eternal bear market.  If whomever took it down this low decides it's going up, how many times will you get bear trapped before you figure out what's going on?

You say don't get attached to your investment, I say don't get attached to your trading strategy.

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

Hmm after an 85% decline you think everyone is brainwashed into an eternal bullmarket.

The horse has bolted you fool.

[insidertradingeverywhere]

Who knows what it's going to do.  One thing's for sure, everyone here is brainwashed that it's an eternal bear market.  If whomever took it down this low decides it's going up, how many times will you get bear trapped before you figure out what's going on?

You say don't get attached to your investment, I say don't get attached to your trading strategy.

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

Hmm after an 85% decline you think everyone is brainwashed into an eternal bullmarket.

The horse has bolted you fool.

sellwall on stamp, sellwall on btcchina, sellwall on huobi

Weak buysupport everywhere. The only one slightly bullish is bitfinex on a thin market in both directions.

So i buy after confirmed uptrend, thanks. I think it's going to drop more.

Got to move, guys. Catch you later. Don't be butthurt so much. 

[inca]

Who knows what it's going to do.  One thing's for sure, everyone here is brainwashed that it's an eternal bear market.  If whomever took it down this low decides it's going up, how many times will you get bear trapped before you figure out what's going on?

You say don't get attached to your investment, I say don't get attached to your trading strategy.

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

Hmm after an 85% decline you think everyone is brainwashed into an eternal bullmarket.

The horse has bolted you fool.

sellwall on stamp, sellwall on btcchina, sellwall on huobi

Weak buysupport everywhere. The only one slightly bullish is bitfinex on a thin market in both directions.

So i buy after confirmed uptrend, thanks. I think it's going to drop more.

Got to move, guys. Catch you later. Don't be butthurt so much.  

Stamp is empty and the Chinese exchanges are a sham.

Finex is the defacto trading exchange right now. You are right the price could jump about a fair bit now, but with shorts at an all time high and long leveraged swaps at the lowest levels since march 2014, the likely direction is firmly UP.

[insidertradingeverywhere]

yeah, we'll bulltrap and beartrap our way into the future very likely ...  

just bought some LTC and i already regret it (lol)

edit: yeah fuck it ... bulltrap (who would have thought  )

[deine mudder]

Bitcoin trades like a pump and dump pennystock

[poncho32]

How come the thread title got changed from "Dead cat bounce" to "Dead cat dance", or am I imagining it changed?

[insidertradingeverywhere]

How come the thread title got changed from "Dead cat bounce" to "Dead cat dance", or am I imagining it changed?

It didn't change. There must be 2 threads. I think 'dance' is more appropriate 

[poncho32]

How come the thread title got changed from "Dead cat bounce" to "Dead cat dance", or am I imagining it changed?

It didn't change. There must be 2 threads. I think 'dance' is more appropriate 

Maybe I read it as bounce because I expected it. Dead cat dance is not a trading expression I have heard before.

[thresher]

How come the thread title got changed from "Dead cat bounce" to "Dead cat dance", or am I imagining it changed?

It didn't change. There must be 2 threads. I think 'dance' is more appropriate 

Maybe I read it as bounce because I expected it. Dead cat dance is not a trading expression I have heard before.

A dead cat dance, is when bitcoin goes through dead cat bounces every few days 
I bought 3 yesterday towards the bottom, but as usual, i'm a greedy fuck and instead of taking my $90 profit, i'm going to hold, be greedy, and then gamble a shitload on sunday when the coins are worth 150

[Amph]

mmh i'm not sure this is a dead cat bounce, i think we hit the bottom and we are recovering a bit

[MatTheCat]

It's danergous to be too sure about an investement. All merchant adoption and community support, not even infusion of big money by wealthy investors outweights the inflation - that's all i know.

So you have to battle that deamon of the inflation to win this. But you are probably unaware.

I've been involved/here for three years; I'm aware.  I just don't attribute as much weighting to this issue as you seem to.

Hiya dropt!

It's me, your old buddy MatTheCat.

You remember me, don't ya!

Here, I created a thread for you as I promised I would back in April, but you seem to have missed it:

https://bitcointalk.org/index.php?topic=914671.msg10134304#msg10134304


Bitcoin is still 'right down in that $200 range', and although it got 'right down in that $100 range', I am sure this still counts.

[Richard Branson]

mmh i'm not sure this is a dead cat bounce, i think we hit the bottom and we are recovering a bit

Till the people bought at 160-175$ are profit locking.
You are lucky, most buyers are stupid and never lock their profits.

[Q7]

Don't be too confident. I see quite some recovery taking place. At 212 right now.

[MatTheCat]

Don't be too confident. I see quite some recovery taking place. At 212 right now.

A recovery topping out at $300 would be completely consistent with past performance.

[sgbett]

Just hang around and go up in a week or so.

sure - needs 5 million USD in a week in fresh money just to hold this price. You think 5 million will be invested next 7 days? And mind you: that's just enough to prevent a further drop.

Wait I've seen this post before, except it used to be in the form "you need $x million a day"

It looks to me like you are now having to use the "per week" form so that the dollar figure still looks large.

$720k a day new capital. Provided miners are selling *everything* at market. A market that yesterday did around $300m worth of volume.

Just some thoughts.

[spazzdla]

Close your shorts now or cry later.

just opened some. Get ready for the pain.

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