Topic: The rise has stopped.. - page 3. (Read 5516 times)

It has not stalled...its just in a pullback phase and after its goner aim higher...

just a correction.. bots are still pumping and ppl still buying.

The price probably won't stop rising for a little while yet but it doesn't mean that there will not be periods of relative calm.
Perhaps although uptrends tend to take a month or two to really show up as significant
Chart history wise

Big dump 

It's kind of odd that we got such a strong surge of buy orders on a long holiday weekend.  I guess it's safe to assume that the majority of the buyers are outside of the United States as banks weren't processing wires over the weekend...

We are rolling in this uptrend aren't we?  Seems like we might be going to like $800 or could it even get near $1000?  Seems like it's slowly climbing and we should be able to tell when it's over as it tends to crash hard and then won't rebound for like weeks.

Looks good here bro

Stability fuels the rocket.

The rise has stopped is just temporary, once the weak holder sell of their profit its going to continue to go up!!

I am not at this moment seeing where the momentum to take us up into the lower $600's is coming from. Who wants to buy-in at the peak of Wave 5?

Right now, I suspect that those who got in early on the ramp up are still holding, but those not in aren't wanting to risk coming in at this point in time. All the while, volume is pulling back and we are forming an ending diagonal formation and have some negative divergence on short term (less than 1 day) RSI, and don't forget, these days the USD market leader is Bitfinex (who route trades through Bitstamp for increased liquidity) and the majority of their volume is leveraged volume. Traders using leverage can't be holding in a flat market. They will take profits. Same with all the CNY exchanges. All highly leveraged.

I will stick my neck out and say that we are as far up the ladder as we are going to get for now, give or take $10 or so. I think we will correct a good bit from here, but nothing too brutal. my medium term outlook is that Bitcoin will go up a bit yet overall.

It's going to continue through each of the $50 marks (700, 750, 800) and will really be hitting at $1k and $1.2k (1k due to it being a thousand mark, and 1.2k since that's the ATH). The higher we get, the more resistance we're going to hit. But someone with enough money could blast through all of those without any issue.

Yeah I think there will be some serious profit taking above 600. I'm hoping to sell most around 620-625 then watch to see where we go from there. Gotta have a correction sometime.... right?

After all the problems that crypto business have had with banks due to the total asshats that have been in so called scams ..oops business

They are what we call in the business "COVERING THEIR ARSE"
 so they dont
 
KILL THE GOLDEN GOOSE

I read the above post, but I couldn't bare to read the post from Yip Yip which you had quoted.

Ever heard of the saying, 'Bullshit Baffles Brains'? Don't credit Yip Yip's bullshit with a credible response. You will just end up bamboozled.


I didn't know that they are now asking me to sign my Bitcoin addresses. Holy Phuck! Are they really even limiting Bitcoin withdrawals/deposits with their KYC bullshit!?

Fuck those Slovak Cunts!

(I still have a small amount in Bitstamp which I use to play around with, I always assumed that I would be able to get it out without the anal probe treatment they expect if I want to withdraw or deposit money)

I'm completely with you on this. People love the quick increase because it lets them sell off and they can be fairly certain that the prices are going to drop after and they can buy back in cheaper. I'm personally all for the growth, rather than the quit increase/decrease.

I still think your missing the point. People keep saying this is old news and yes the questionnaire is. What is now being discussed is being asked for proof of funds even to the point of being asked to sign personal bitcoin addresses. This is above and beyond any normal kyc and aml that most don't have a problem with.

Also no offence but saying things like answer the kyc or launder your drug money elsewhere makes you sound as bad as the people who say btc is just for drugs and other nefarious activities.

There are plenty of reasons not to want to go through the over intrusive procedure they are now carrying out. For some it just goes against their principles which no one can argue with as it's their opinion. also I think one of the big things and what made me not want to send them copies of bank statement etc is if companies like eBay and Adobe can't keep personal info safe why are people going to send passport scans and bank statement to a third party bitcoin exchange? I bet some of the people who sent sensitive info into gox are pretty unhappy about their data being stolen now in hindsight.

I don't see how people can not call it morally wrong when none of this is in the tos and can be prune upon you st any time. Now if you have made a trade and are trying to withdraw fiat, you have two options either jump through whatever hoops to get your withdrawal or buy back the coins maybe at a loss. Those shouldn't be the choices it should be laid out that they are doing it anf giving everyone fair chance to make their own decision.

.....until the leveraged longs start to sell off and you move to maximise gains?

I think right now it is best to stay put with what you are holding. I think we are going to see some more gains, but I am not confident enough to throw more money at it. On the same token, I won't currently be selling off any of my holdings either.

You can feel the bears grasping at straws.   

Looking at the last couple legs of this rise, we are consolidating pretty similarly. Kind of expecting another move upwards soon, but maybe I am getting faked out and will just lose some money, LOL. We'll see I guess.