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Topic: I think it is safe bet to BUY bitcoins now. My speculation. (Read 7092 times)

sr. member
Activity: 314
Merit: 251
Are you saying the Manipulator is the Pope??? Wait till Edward gets a hold of that!

Shush! We are being watched.
legendary
Activity: 1106
Merit: 1001
I know I shouldn't be talking about this, but the world has got to know! I heard Longistan has infiltrated the Vatican. They have a huge top secret mining farm there!

The US is sending reconnaissance drones, but they can't see anything because it's all in their top secret underground bunker. Oh, oh and they are even trying to change the climate with a top secret super weapon so that the world freezes to cool their GPUs.

Overall they try to enslave the mankind by hypnotizing them with GPU fans that turn them into mindless zombies working in their Bitcoin mines.

Are you saying the Manipulator is the Pope??? Wait till Edward gets a hold of that!
sr. member
Activity: 314
Merit: 251
I know I shouldn't be talking about this, but the world has got to know! I heard Longistan has infiltrated the Vatican. They have a huge top secret mining farm there!

The US is sending reconnaissance drones, but they can't see anything because it's all in their top secret underground bunker. Oh, oh and they are even trying to change the climate with a top secret super weapon so that the world freezes to cool their GPUs.

Overall they try to enslave the mankind by hypnotizing them with GPU fans that turn them into mindless zombies working in their Bitcoin mines.
donator
Activity: 980
Merit: 1000
The 5.6 floor will not be broken!

No reason to really even put in a stop loss.



What could possibly go wrong  Grin
hero member
Activity: 616
Merit: 502
It is a huge conspiracy. There is this one group of people that are well informed by the market but they have too many Bitcoins and not enough dollars we will call Longistan, then there is this other group of people that are also well informed by the market but they have too many dollars and not enough Bitcoins we can call Shortistan...

Longistan and Shortistan get on great together, but occasionally they gang up on WTFistan and take all their stuff.
Ha ha ha! It's an interesting idea. And an interesting herb!  Cheesy Cheesy Roll Eyes
legendary
Activity: 2198
Merit: 1311
It is a huge conspiracy. There is this one group of people that are well informed by the market but they have too many Bitcoins and not enough dollars we will call Longistan, then there is this other group of people that are also well informed by the market but they have too many dollars and not enough Bitcoins we can call Shortistan...

Longistan and Shortistan get on great together, but occasionally they gang up on WTFistan and take all their stuff.

lol
sr. member
Activity: 314
Merit: 251
The big conspiracy. Someone has a virtually unlimited amount of money, but is afraid of the price dropping below 5 USD because he loses money?

With all this entails... Yeah, I am pretty sure it's exactly like that!  Wink
hero member
Activity: 607
Merit: 500
Yes, it also can signal that there is more BTC than USD deposited in. BUT the starfish wouldn't come up unless there is considerable amount of positions in certain way, to deplete the other reserves (in this case, USD).

Either way, even if we should break to the upside now (which I currently find unlikely), the starfish will come up and stop the rally.
legendary
Activity: 2198
Merit: 1311
Yep, and it returned on the buy side after the price went up to 4.8. It's gone now, but it's an indicator that many people are long now, more than people who are short.

Couldn't this be a function of allowing people to deposit bitcoin and use it for leverage?  My guess is the majority of people fucking around on bitconica are doing it with bitcoin deposits, which means there's always plenty of BTC to use for shorts; but there's not as many people depositing dollars and so not a comparable amount of money to use for longs.  Does that make sense?
hero member
Activity: 607
Merit: 500
Yep, and it returned on the buy side after the price went up to 4.8. It's gone now, but it's an indicator that many people are long now, more than people who are short.
hero member
Activity: 504
Merit: 502
Talking about the starfish - I saw one on the BUY side yesterday.

Do you mean the sell side?  The star has been on the buy side for a week.
hero member
Activity: 607
Merit: 500
Talking about the starfish - I saw one on the BUY side yesterday.
legendary
Activity: 1022
Merit: 1001
Still not safe to buy in. 4.8 held and now we're heading down again (4.55 atm). How far? Let's see Smiley.

Ive increased my position before I get starfished outa the game  Grin
sr. member
Activity: 448
Merit: 250
this statement is false
More downside? Why aren't rallies so aggressive too?

because it becomes more and more expensive to sustain them
hero member
Activity: 607
Merit: 500
Still not safe to buy in. 4.8 held and now we're heading down again (4.55 atm). How far? Let's see Smiley.
legendary
Activity: 1022
Merit: 1001
Yea banks are open again & I suspect there will be a few buyers eager to get some cheap bitcoins. Grin
legendary
Activity: 1652
Merit: 1128
I had my bids at 4.40-4.50 to catch spikes overnight.  So looks like I'm back in, I wouldn't buy (much)now if it weren't for that though. I expect it will rally back to 5 soon, and we'll see where it goes from there.
legendary
Activity: 1064
Merit: 1001
More downside? Why aren't rallies so aggressive too?
N12
donator
Activity: 1610
Merit: 1010
Fuck it.  I'm jumping back in.
Dude, are you me? 61.8% retracement is 4$, we have absolutely overdone it in terms of length and severity of the crash. People are scared shitless at the moment. I am, too.

Reversal (at least short term) will be had. Short squeeze, sup!
legendary
Activity: 2198
Merit: 1311
Fuck it.  I'm jumping back in.
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