The next 8 to 48 hours? - page 2. | Bitcointalksearch.org

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

Quote from: kireinaha on March 27, 2014, 03:07:37 PM

I'm not touching my coins. every time I do, the market does the exact fucking oppsoite. every time. that being said, I think we'll be testing the post gox low again within the next few days. dark times ahead, folks.

Ha! I put my paper wallets in a downtown bank safe deposit box - specifically to keep me from trading them. I can of course add more coins to the public address without needing the private key printed on the wallet. I bought some fractional coin a couple of days ago, again this evening, and I plan to test out the two other Bitcoin ATMs in town in the next few days. I love bargains.

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: kireinaha on March 27, 2014, 03:20:30 PM

Quote from: dropt on March 27, 2014, 03:16:50 PM

Quote from: kireinaha on March 27, 2014, 03:09:00 PM

Quote from: MNDan on March 27, 2014, 03:06:32 PM

It's been weird, though - we've had lots of good news recently and it hasn't moved much, but one rumor from China shows up and down we go. :-/

good news?? lol you must be joking. every god damn day has brought bad news for weeks now.

WTF? I wholeheartedly disagree.

you must be delusional. every day has either brought news of an exchange freezing assets, governments banning bitcoin, or new tax regulations. what's the good news? new ATMs that nobody is using? the news has been overwhelmingly negative since the start of this year.

I'm talking about investments into Bitcoin's infrastructure. I suppose we likely value certain information differently. The only news I view as hugely bad is the Mt. Gox fiasco and the perpetual China BS. I view most of those pieces you've referenced as necessary evils indicitave of Bitcoin's growth and survival.

segeln

hero member

Activity: 602

Merit: 500

Quote from: kireinaha on March 27, 2014, 03:20:30 PM

you must be delusional. every day has either brought news of an exchange freezing assets, governments banning bitcoin, or new tax regulations. what's the good news? new ATMs that nobody is using? the news has been overwhelmingly negative since the start of this year.

+ 1

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: dropt on March 27, 2014, 03:16:50 PM

Quote from: kireinaha on March 27, 2014, 03:09:00 PM

Quote from: MNDan on March 27, 2014, 03:06:32 PM

It's been weird, though - we've had lots of good news recently and it hasn't moved much, but one rumor from China shows up and down we go. :-/

good news?? lol you must be joking. every god damn day has brought bad news for weeks now.

WTF? I wholeheartedly disagree.

you must be delusional. every day has either brought news of an exchange freezing assets, governments banning bitcoin, or new tax regulations. what's the good news? new ATMs that nobody is using? the news has been overwhelmingly negative since the start of this year.

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: kireinaha on March 27, 2014, 03:09:00 PM

Quote from: MNDan on March 27, 2014, 03:06:32 PM

It's been weird, though - we've had lots of good news recently and it hasn't moved much, but one rumor from China shows up and down we go. :-/

good news?? lol you must be joking. every god damn day has brought bad news for weeks now.

WTF? I wholeheartedly disagree.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: K128kevin on March 27, 2014, 03:05:36 PM

My neural network prediction project (http://www.btcpredictions.com/) is predicting a pretty decent sized climb over the next 24 hours, and I'm inclined to believe that it will be correct about this.

Wow, yes it does!
Your chance to shine (no pressure...). Good luck!

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: MNDan on March 27, 2014, 03:06:32 PM

It's been weird, though - we've had lots of good news recently and it hasn't moved much, but one rumor from China shows up and down we go. :-/

good news?? lol you must be joking. every god damn day has brought bad news for weeks now.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: dropt on March 27, 2014, 02:52:34 PM

Quote from: Cassius on March 27, 2014, 02:48:46 PM

Quote from: dropt on March 27, 2014, 02:47:09 PM

However, yesterday was looking promising, but then the self-prescribed day-traders and weak hands did what they do.

How so? Nothing of particular interest happened yesterday did it - no major upward movements?

Green candle for one, however from what limited time I was able to actively watch the market it appeared as though there was a slow climb in price despite a constant influx of sell orders. Further, the wall @<$600 was bolstered with a mob of asks which didn't deter the buying. It seemed apparant watching the cumulative depth at the $650 and $700 price points.

Cool, thanks. Never ask a stupid question, never learn anything new.
I figure we need to properly establish 500 as a baseline before anything interesting (upwards, anyway) happens.

kireinaha

sr. member

Activity: 350

Merit: 253

I'm not touching my coins. every time I do, the market does the exact fucking oppsoite. every time. that being said, I think we'll be testing the post gox low again within the next few days. dark times ahead, folks.

MNDan

full member

Activity: 287

Merit: 101

It's been weird, though - we've had lots of good news recently and it hasn't moved much, but one rumor from China shows up and down we go. :-/

K128kevin

member

Activity: 84

Merit: 10

My neural network prediction project (http://www.btcpredictions.com/) is predicting a pretty decent sized climb over the next 24 hours, and I'm inclined to believe that it will be correct about this.

balanghai

sr. member

Activity: 364

Merit: 253

If it stays longer on 400-500ish it would be paradise for merchants as payments in BTC are payed much higher.

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: Cassius on March 27, 2014, 02:48:46 PM

Quote from: dropt on March 27, 2014, 02:47:09 PM

However, yesterday was looking promising, but then the self-prescribed day-traders and weak hands did what they do.

How so? Nothing of particular interest happened yesterday did it - no major upward movements?

Green candle for one, however from what limited time I was able to actively watch the market it appeared as though there was a slow climb in price despite a constant influx of sell orders. Further, the wall @<$600 was bolstered with a mob of asks which didn't deter the buying. It seemed apparant watching the cumulative depth at the $650 and $700 price points.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: dropt on March 27, 2014, 02:47:09 PM

However, yesterday was looking promising, but then the self-prescribed day-traders and weak hands did what they do.

How so? Nothing of particular interest happened yesterday did it - no major upward movements?

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: Bit_Happy on March 27, 2014, 02:01:43 PM

These markets are nuts, a bit of good news and we could see a nice spike.

There has been a plethora of good news over the last two months. I think it's going to take a little more than "good news" to turn this around ATM. However, yesterday was looking promising, but then the self-prescribed day-traders and weak hands did what they do.

R2Pleasent

full member

Activity: 139

Merit: 100

Owner@ CryptoFundingTracker.com

You must be confused. This market is being led by China. They will decide our direction, not BTC-e.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Wandererfromthenorth on March 27, 2014, 01:53:40 PM

$400 or even lower is a lot more likely gonna be the bottom than 500$ IMHO seeing the speed of this dump and the news and rumors going around.

The rally is definitely gonna happen but NOT now, it's gonna take a loooong time to properly rally again, hopefully to the next bubble. I'm guessing it's not gonna happen until around june or something.
After the bottom we will probably see sideways or a really slow uptrend.

THE rally is definitely gonna happen, but not now.
A smaller Rally to $700, $800 even $900 is very possible.
These markets are nuts, a bit of good news and we could see a nice spike.

tvbcof

legendary

Activity: 4760

Merit: 1283

I expect that this is the period of time when people have evaluated their tax situation given that the guidance is out. I know I was up last night collating numbers for 2013. I basically took a conservative approach and had the fiat I needed on hand, but could easily have ended up needing a little more. Had that happened I would have sold now rather than waiting for a re-bound so I didn't get boxed into a corner and forced to sell at a bottom. Hopefully that is contributing to the current decline.

The tax news is good for U.S. people who hold decent hoards and know how the tax structure is designed (read, by and for the rich) so I could see more people with money deciding to jump in BTC as a speculative play. And they would have to hodl for a while to get long-term capital gains. Should this happen I could see notably higher valuations even absent any significant economic breakdowns a-la Cyprus. Bitcoin will always have some supply-side tightness due to it's design so demand is extra important.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

$400 or even lower is a lot more likely gonna be the bottom than 500$ IMHO seeing the speed of this dump and the news and rumors going around.

The rally is definitely gonna happen but NOT now, it's gonna take a loooong time to properly rally again, hopefully to the next bubble. I'm guessing it's not gonna happen until around june or something.
After the bottom we will probably see sideways or a really slow uptrend.

stancarrott

newbie

Activity: 29

Merit: 0

Doesn't it all depend on whether China ban is a hoax or not?

Surely, if we get confirmation of the story, it will drop like a rock.
On the other hand, if the PBOC comes out with a statement refuting it and restating their position (like they did last time), then we should see a rally....

Topic: The next 8 to 48 hours? - page 2. (Read 3438 times)