Topic: The rise has stopped.. (Read 5525 times)

you fools and your damned charts.  chart some fucking lottery numbers.

I think the first chart looks like a more probably choice, bitcoin wont go back to less than 500 again, unless if there are some really bad news outhere.

DoppelPost!

I am not DanV. I like DanV but really think that he was trying to force a square into a round hole with his last BTC analysis. Overly complex, clutching at straws, and just not like his usual self.

This is the manner of potential chart progression that I suspect is going to be most likely at this point in time:



I believe that we have started on a Primary B Wave of a Cycle Wave 4 correction. I am anticipating Bitcoin to get up to around $700 - $800 range which would be somewhere around a 50% retracement from the low at $340. So for the time being, I am a bull, but still believe we are in the midst of a cyclical corrective wave.

Of course, The recent $340 - $548 - $430 - $595 could also possibly represent an intermediate ABC correction within a Primary Wave B of a cyclical Wave 4:



But I just am not feeling this possible outcome at the moment.

Is he still peddling this regurgited junk.....I have now seen the danv  sub300 chart in 5 posts and
Counting ...its now the poster child for all bears ...Lolz

All I can say is have an original thought as people should try something new at least once

Agreed

Everyone, chill out. Let's take a look at the bigger picture.
I think the BitFinex-related dump was a good test of the support.



The coordinates forming the trenline bottom is:
May 19th 07:00 @ $442
May 27th 02:00 @ $550

If this support holds, and barring any bogeyman event, then we should be seeing $600 as support in the next 8-9 days.

Shhh. Quit stating the obvious truth.

If the bears can't have double digits, at least let them dream of sub-$400.

Fair enough, its a good marketing ploy though eh bear in mind they have said words to this effect for a year or so and as paypal currently corners the e-commerce payment provider landscape doing so doesn't make much sense. A consideration != confirmed

Haha I only help out with marketing.  Not investing.

Well they did say that they are considering it, which is more than enough evidence to provoke speculation on this board

Yes but to say paypal integration is confirmed is a pretty wild claim, never mind illogical hence why I asked what in the world made you think this?

Especially as a consultant I'd be pretty worried if this is what you were telling clients

Since BTC passed 400 it's only been below for 8 hours...  8.. hours.

They don't call this board speculation for nothing 

https://www.youtube.com/watch?v=E781QE7ZQK8

All it takes is another China "ban" or another "hacked" exchange ...
Boom!
Sub-400 prices again in less than a day.

What in the world makes you think that? Source maybe?

Lol you speculators are too funny

I actually think the paypal integration has been confirmed and insiders are buying early

AWWWWWWWWWWWWWWWWWWWWWWWWWWW YA IT IS! .

People who didn't catch the $300-400s are desperate to buy, so they wait for any drop. People who did catch the bottom know this, so they sell knowing there will be buyers (including them) at the dip waiting to bring it back up to the current level.

This is bullish. Everyone knows it's going over $1000, it's just some people are trying to milk it for all its worth.

If every rise in price followed by a dip is a pump-and-dump, is today's action a dump-and-pump?

Huge selling at $590 and took us to $550, now back up at $585. i think are going to see fluctuations like this in the coming days and hopefully we will cross $650 by the end of the week.

Nice try DanV.

Back to 582 on Stamp now.
So are you still sticking by your prediction?

Good man! Be interesting to see what that catalyst turns out to be?

Would be cool if all it took was one dude (or dudette);

- like CEO Ebay/PP announcing Bitcoin integration to go-ahead

- some unknown inventor gets a brainwave for some brilliant, yet to be discovered use for the protocol

- hypnotist infiltrates Bilderberg 2014, all attendees leave bitcoin-obssessed

- Li Ka-Shing amends his Will, in a final act of pure altruism drops a $40Bil buy-order on all exchanges, donates the lot to charity

- Ronald McDonald, gives free BTC with every Happy Meal

Wow, as I write this BTC's price has started going back up again    

 

Back up from 560, .

I get excited over little jumps..

Well, looks like we had a new top @595 and that was it for the moment.

sounds legit

Some people claim the rapid rise was due to Bitstamp using customer fiat funds to buy lots of BTC, thereby covering its undisclosed BTC losses just in time before Mike Hearn did his recent BTC "audit" of the exchange.

We are headed-up.  Bitcoin is massively under-valued we just need a catalyst to spark a huge rally now

Some of these btc buys and drops seem like they are attempts at manipulation.  Why the big smack down yesterday from about $575 to $540?   No explanation.  It's like someone just sold a lot to see if they could induce panic, which faiiled, so maybe we're headed back up now.

OMG, don't say that please! That would make bitcoin markets superboring for all the trading "experts" in this forum.

Who said we are finished? Who in this whole damn thread even once implied that the rally was over?

Nobody! Nobody came to that conclusion except the bulltards.

Indeed Segeln, I believe that you should have a good chance here of breaking even. That is right, breaking even. Set a sell order to trigger on some exchange at around $750, and you might just get out of this with your shirt still on your back......before we go much further down.

Primary Wave [A] $1160 - $340
Primary Wave [B.] $340 - $800
Primary Wave [C] $800 - $240

U heard it here first!

 

Always the same:

Price rises: "pump"

Price falls: "dump"

I sometimes get tired of hearing those 2 words repeated again and again as if every price movement is a pump-and-dump scheme.

Sorry, but not every rise and fall is caused by evil manipulators. Sometimes it's just natural market fluctuation.

always the same:

pump:to da moon

dump:bitcoin finished

Just profit taking, going to go up higher after the weak holder quit..

Many of us expected it.  And we expected it this fast.  And we expect it to continue until July.

Who are you trying to convince?

Us or yourself?

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.

My friend opened a corporate trading account in 4 hours ..It did take us 4 hours to prepare & collate all of our forms but it was a simple process

The more we discuss this the more It fills me with confidence

stamp the rock that is the foundation

Well said! I completed BStamp questionnaire in December last year, I think they send out once you've request deposits/withdrawals up to a certain level ($75K?). Was straight forward to complete/send back. Resolved in 2 days.  

I think as a blanket statement, the majority of people that are hoping for single day astronomical price increases, are typically holding only a few BTC max.   Those who have a significant stake in BTC, would obviously like more moderate sustainable growth...

It has paused.

Nothing screams weak hands like a thread like this.

This is actually good in my opinion.   Don't get me wrong, I love seeing the prices skyrocket.   But whenever we see steep price hikes, they are almost always followed by sharp market corrections.   This is because of people wanting to take profits off the table, as well as those who were just waiting to finally break even to cash out.   Growth like we have seen in the past few days is better IMO because slow growth is more sustainable.

It would be much better for the overall market to go up $10/day for 10 days straight (and then just stay there for the following 10 days)... then to skyrocket up $100 in one day, causing a sell off to follow...

Lol, the rise just stopped for a few hours, you dont want to have a 500 rise in one day, that generates bubbles, is better to have a rise of 50-70 every three days or so.

man this is so yesterdays news (actually about 12 weeks ago news)

SO we have some noobs or others that are starting to hit the AML/KYC limits for a normal account ( i think its about 75k in trade for a period of time)

So its actually a bullish sign that many are trying to get funds onto stamp..

Also i will say the same thing i have said to many ANSWER THE FUCKING KYC or go launder your drug money on kraken or btc-e

There are other options ...this factor is known about stamp and will also mean that they will be in a worst case senario the last man standing

+1000 I agreee every 1$ movement of btc should be acommpied by a funny/enetertaining/informative meme

This^^

I have sent my last funds to Bitstamp ever I think, I still have several K in their which I will use for trading Bitcoin but this is a third or even quarter of the amount that I would otherwise have in Bitcoin. Last time I tried to send funds to Stamp, I got hit with all their bullshit and I told them to ram it. Bet lots of other people have done as well and I bet Stamp is playing a prominent role in restricting funds into Bitcoin.......

.......or perhaps Bitstamp are now only interested in BIG customers and are slowly discouraging the smaller players away?

Yes their general questionnaire has but this is new so slightly different and nothing like anything else any other broker in the world would do. Asking for proof of funds including signing of personal Bitcoin addresses is imo too far and totally unnecessary particularly with you only finding out about them after you have sold. People can have a variety of legitimate reasons for not wanting to send bank statements and other personal docs to Stamp. Just look at adobe and ebay for examples, in fact just look at gox. There is plenty of reasons to not want to go through that procedure, which until they cite some sort of law or guidelines is them stabbing in the dark at what is really required.

Price went up last week, dropped 2-3% then kept rising. Your crazy to think the price has stalled

Their policies have been in place for ages. Noobs join Bitstamp and then freak out and post on here in a panic.

Even if you are fully verified big transfers need explaining. This has been the case for ages.

This is a new unregulated environment. Regulation is coming. Bitstamp don't want to get in trouble so they might be going a little far with the KYC but what else would you expect from people churning over millions of dollars every day taking a prudent approach in an unregulated-soon-to-be-regulated environment?

Two days ago price didn't move, it was more stable than right now. Then it skyrocketed.

Also. Bitstamp is not insolvent
When I'll hear about cases of withdrawals actually not going through we will have something to talk about. for now it's FUD.

Throw in some speculation about the rise!! Come one now!  Area 51 needing BTC to pay off Aliens that were going to take out NYC if we didn't! 

STORIES! I NEED THEM.

The main pumper stop buying btc

What caused the rise in the first place, if anybody knows? I would expect a gradual and slow one, but this one was mostly sudden and unexpected.

Excellent just the ideas I was hoping to read!

Out of trolls asses..

As long as we are daydreaming, I'm going with... A new Chinese double secret ban! 

There are zero reasons to assume Bitstamp is insolvent.

What is happening though is a rather over zealous KYC/AML policy which asks rather probing questions such as proof of funds. This in itself is not a problem IF its in the TOS and people can expect it.

Whats not okay is people selling coins thinking they are verified (it even tells you on your account you are verified) and then having their funds held hostage until they pass all the procedures.

Overall its just about making things clearer but they are likely just covering their ass. Naturally people jump way far ahead of themselves and start making wild presumptions.

Bitstamp is at 585$ now, High: 593.
Price is just fluctuating.

Not sure and not sure... lol.

I am bored at work...  we need more pictures in the memespeculation thread.

Do they have a Bankers who Jumped Day as well?

Can someone tell me where these rumours about Bitstamp being insolvent came from & is there even a remote possibility that it's true?

A great way to detect assholes.

Err Bitstamp is not insolvent.

It's a Memorial Day in the US, major holiday.

Also, what's a roomer?

chill. people were asleep and some have to go to work

to the moon later tonight!

Opinions..?  We've stopped at 580... Roomers about inc heavey BTC drop because bitstamp is insolvent..? 

A BTC run up before the bottom falls out?
The next BTC bubble?