Here we go, china dumping massively

[redsn0w]

Thanks China ! We can buy some cheap bitcoin, is it a positive thing or not ?

[zimmah]

trend reversal long overdue

To more overdue it is, the more explosive it will be.

December 2013 will be nothing compared to the next rally, whenever it will come.

We may even see a double rally again. Something along the lines of a rally to $3000, a crash to $800 immediately followed by another rally to $12000 and a crash to $4000

Not saying it will happen, but I would not count out the possibility. It has done so before it could do so again.

[gogxmagog]

Isn't it common knowledge that the exchanges, especially the non-USA ones, trade fake coins and fake volume to manipulate the price?

I have no proof, just heard one too many trusted member say as much. Plus it would not surprise me. Wherever money can be made through shady means, there are ample shady players willing to jump in.

Everyone hates regulation, but I hate bullshit manipulators worse.

[Mieehayii]

the more people, the more power, it's just like as I said no financial derivatives, no trading volume , and the result is your said.

[johnyj]

I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)

[bitgeek]

I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)

Dream on. There are still people willing to pay over $200 and there will be even more of them just waiting to buy at $150 and so on. Sub $100 is not happening unless Bitcoin fails or becomes suppressed by the governments.

[redsn0w]

I think the real test has not happened yet (maybe never will) If exchange rate stayed below $100 for extended amount of time, profit-seeking mining farms will be squeezed out one by one, daily generated coins will flow back to bitcoin enthusiasts who are willing to pay more than electricity to get the coin (mining for fun)

Dream on. There are still people willing to pay over $200 and there will be even more of them just waiting to buy at $150 and so on. Sub $100 is not happening unless Bitcoin fails or becomes suppressed by the governments.

Under $ 100 dollar , hmm maybe it will never happen ( but none of us have the certainty, it is only a question of speculation).

[Equate]

No matter which country dumps , it is always a buying opportunity .  Btw what's the source of info ?

[kwukduck]

We just had a small taste of China.
Prepare for more soon.

[g-unit]

I call bullshit. There will be no massive dump from China.

[LewiesMan]

I call bullshit. There will be no massive dump from China.

Just wait and see, I will be.

[g-unit]

I call bullshit. There will be no massive dump from China.

Just wait and see, I will be.

I love the excellent grammar 

[cakebet]

It's unclear where they got their info.  Here's an interesting look at the state of affairs: http://bitcoinity.org/markets/btcchina/CNY

No matter which country dumps , it is always a buying opportunity .  Btw what's the source of info ?

[g-unit]

There is no source. It's just the bears' typical bullshit.

[cakebet]

FUD alert!

You are saying there will be a dump.

But the thread next to this one say there will be a pump. Hhmmm wtf

[HarmonLi]

Well even today's dump wasn't that massive and we're still above $200. I've got to admit that we could go below $200 any day now, yeah. But we could also make a surprise-breakout. I think I don't have the nerves to short the current market. Do you guys, really?

[g-unit]

Shorting is dumb. That's a quick way to lose money. Buying and holding long term is the best strategy, unless you know how to day trade. You'll get burned if you try to time the market.

[sgbett]

Price falling below 200 within the hour.
China is dumping massive amounts.

... why are you here?

To short and make huge profits...

[chaoman]

why do people hate manipulators? This is the free market.

[sgbett]

why do people hate manipulators? This is the free market.

Hate is a strong word! I'd say I was more amused than anything