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Topic: Senate reaches deal to end shutdown, avoid default - CNN.com - page 2. (Read 2952 times)

hero member
Activity: 728
Merit: 500
I did see and play a retracement but not to $148 instantly - that seems completely off the chart.
legendary
Activity: 1246
Merit: 1000
So I guess when we were discussing the rally we were like "well the chart looks like we're about to break out into another bubble to 500, but if the U.S. government doesn't default, it's off"... right?

No. Once everybody starts cheering and becoming bullish you know that the market will start to shake things up so people become uncertain again. It's all part of the bigger picture, and if you can't see it, too bad. Tongue
hero member
Activity: 728
Merit: 500
So I guess when we were discussing the rally we were like "well the chart looks like we're about to break out into another bubble to 500, but if the U.S. government doesn't default, it's off"... right?
N12
donator
Activity: 1610
Merit: 1010
Why does everyone panic sell or panic buy whenever the U.S. government does something? I thought the bitcoin rise was about china, investment trusts, and increasing bit coin adoption, and wealth issues all over the globe. I thought bitcoin was worldwide.

The Chinese volume is virtually inflated by the Chinese exchanges' 0% foo on trades policy and massive bot activity therefore. You cannot compare Bitstamp or Gox volume to Chinese exchanges.
To be honest, I'm having trouble believing their self-reported volumes in the first place, moreso than emptygox. Think about it, all you have to do to get more customers as an exchange is to get on bitcoincharts etc. and fabricate some volume, soon we will all jerk off about how it's growing and mention it everywhere, acting as their marketing squad.

In any event, they have to earn money somehow to cover their running costs. Any exorbitant withdrawal or deposit fees?
legendary
Activity: 1246
Merit: 1000
Why does everyone panic sell or panic buy whenever the U.S. government does something? I thought the bitcoin rise was about china, investment trusts, and increasing bit coin adoption, and wealth issues all over the globe. I thought bitcoin was worldwide.

Everyone? About 15k coins sold on Gox and a couple 1000 on Bitstamp counts for everyone? The Chinese exchanges have only dropped a few dollars, nothing to really write home about. You know how the saying goes: buy the rumour and sell the news. Wink This is just a temporary pullback.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
the ending is funny  Tongue

I know I can't really make a convincing bull.  Smiley
legendary
Activity: 1022
Merit: 1000
Why does everyone panic sell or panic buy whenever the U.S. government does something? I thought the bitcoin rise was about china, investment trusts, and increasing bit coin adoption, and wealth issues all over the globe. I thought bitcoin was worldwide.

The Chinese volume is virtually inflated by the Chinese exchanges' 0% foo on trades policy and massive bot activity therefore. You cannot compare Bitstamp or Gox volume to Chinese exchanges.
hero member
Activity: 778
Merit: 1002
USG wouldn't have defaulted anyway. It's something else.

Perception.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the ending is funny  Tongue
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Gox - Ok, thats part of the rise.
ASIC - ?
Chinese media - ?

ASIC: Producers are in China and they have to maintain a balance of funds to pay Bills, they probably have a mixture of yuan/usd/bitcoin and they sold usd for the other two.
Chinese media: Is genuinely concerned about the strength of the dollar and probably moved a lot of ASIC early adopters to hoard their coins this month, and brought more investors.
hero member
Activity: 728
Merit: 500
Why does everyone panic sell or panic buy whenever the U.S. government does something? I thought the bitcoin rise was about china, investment trusts, and increasing bit coin adoption, and wealth issues all over the globe. I thought bitcoin was worldwide.
hero member
Activity: 624
Merit: 500
no effect on exchange rate here imo..... we all knew there would be no default anyway.
sr. member
Activity: 308
Merit: 250
probably just normal up and down with the prices like we all have seen many times before with billions of factors figuring into the equation
legendary
Activity: 896
Merit: 1001
Uh, so we are raising the debt ceiling... bitcoin down? Yeah no. Watch out bears.
legendary
Activity: 896
Merit: 1000
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol

It's a combination of the gox situation, asic producers and the way the Chinese media reported on the US Govt shut-down.

Gox - Ok, thats part of the rise.
ASIC - ?
Chinese media - ?

USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol
... No, because the USG doesn't suddenly default just because the debt ceiling isn't raised. Unless day-traders are totally unfamiliar with the USG, it wouldn't have caused movement one way or the other.

So you think the timing of this announcement and the drop in USD/BTC is completely coincidental? I think not..
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol

It's a combination of the gox situation, asic producers and the way the Chinese media reported on the US Govt shut-down.
donator
Activity: 1218
Merit: 1015
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol
... No, because the USG doesn't suddenly default just because the debt ceiling isn't raised. Unless day-traders are totally unfamiliar with the USG, it wouldn't have caused movement one way or the other.
legendary
Activity: 896
Merit: 1000
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol
donator
Activity: 1218
Merit: 1015
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
I told you so. New war in syria 2016.
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