Another run up? Cool. Unexpected but I like it.
Those with the bestcrystal balls of steel win.
Those with the best
ftfy
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17856. (Read 26609709 times)
January 17, 2017, 03:53:04 PM
ftfy
January 17, 2017, 03:34:09 PM
The first major drop this month was over exaggerated news on China cracking down on bitcoin, when all they did is tell BTC exchanges that they can't market bitcoin with depreciating yuan, and that they should also cut down fake volume and simply warn customers that bitcoin is volatile. Not only does this show China's understanding of bitcoin, but it seems they are also taking a balanced and prudent approach with the long-term view in sight.
This drop seems exaggerated as well, BTCC says everything is business as usual. It is pretty evident by now that China does not intend to ban bitcoin nor limit the exchanges in a meaningful way.
So given what you know you tell me if the drop from $1160 to $790 was justified over the China news alone. It seems like a combination of a much needed correction accelerated by exaggerated fears of China cracking down on bitcoin when they are not. You either believed that bitcoin had no business being at $1000 during the entire run-up or you believed that it was about time, that bitcoin actually deserves to be at $1000 and that it needs to start getting expensive relatively soon for it to be sustainable. If your sentiment turned 180 from the climb to $1000 to now then you're being played by emotions and have no idea what you're doing. If you invested with the long term vision in mind I don't see any reason to panic, this is a gross over exaggeration of China's stance on bitcoin.
Also, I'm not a trader but isn't this the perfect setup for cup and handle?
And also, my dad wants to put $30K into bitcoin, you're welcome. Actually I didn't even convince him, I showed him how much I'm up on bitcoin and he asked me why I'm not selling... you guys know why, I told him there's no limit to the BTC price and things are looking good especially when the rest of the world isn't, and he's been reading up on bitcoin since
This drop seems exaggerated as well, BTCC says everything is business as usual. It is pretty evident by now that China does not intend to ban bitcoin nor limit the exchanges in a meaningful way.
So given what you know you tell me if the drop from $1160 to $790 was justified over the China news alone. It seems like a combination of a much needed correction accelerated by exaggerated fears of China cracking down on bitcoin when they are not. You either believed that bitcoin had no business being at $1000 during the entire run-up or you believed that it was about time, that bitcoin actually deserves to be at $1000 and that it needs to start getting expensive relatively soon for it to be sustainable. If your sentiment turned 180 from the climb to $1000 to now then you're being played by emotions and have no idea what you're doing. If you invested with the long term vision in mind I don't see any reason to panic, this is a gross over exaggeration of China's stance on bitcoin.
Also, I'm not a trader but isn't this the perfect setup for cup and handle?
And also, my dad wants to put $30K into bitcoin, you're welcome. Actually I didn't even convince him, I showed him how much I'm up on bitcoin and he asked me why I'm not selling... you guys know why, I told him there's no limit to the BTC price and things are looking good especially when the rest of the world isn't, and he's been reading up on bitcoin since
LOL at the idiots who panicked
January 17, 2017, 03:30:44 PM
And the smell will go away by itself 
Looks like we're on our way back up.
Looks like we're on our way back up.
Yup, and this time, hopefully, we're not gonna fall back. Bitcoin will climb up smoothly as long as China stays cool and calm. Let's hope for the best, hope for very-soon $1000 cross again.
January 17, 2017, 03:30:23 PM
It was already in for a moonshot until PoBC farted.
So what?
Forget the PoBC!
That was a good moment for a correction and when you were smart you used that dip as an opportunity to get some more BTC.
Now the train is back on track and speeding up again.
So take a seat and enjoy the ride dude!
January 17, 2017, 03:25:11 PM
If you think the handle has formed already, I have a bridge to sell you.
Cups and handles are fractal patterns that you can see at any scale. Take your pick and we can sell each other the bridge
January 17, 2017, 03:20:28 PM
What is different this time?
What's "different this time" is that we're at the right end of a humungous great 3-year cup & handle trading pattern instead of the left end
If you think the handle has formed already, I have a bridge to sell you.
January 17, 2017, 03:06:23 PM
It was already in for a moonshot until PoBC farted.
And the smell will go away by itself
Looks like we're on our way back up.
January 17, 2017, 03:03:27 PM
It was already in for a moonshot until PoBC farted.
January 17, 2017, 02:58:01 PM
I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.
What is different this time? Is it just because of the Chinese leverage ban?
What is different this time? Is it just because of the Chinese leverage ban?
What is different this time
1) The economy
2) Exposed corruption in politics and the financial system
3) The war on cash
4) The banks use of blockchain tech validating bitcoin
etc etc etc
I like this one - We have pink diamonds for sale $30000 a carat for fancy pink, only one mine extracts these diamonds very rare
UNTIL YOU FIND ANOTHER MINE...
Bitcoin will always be 21 million coins, no more can be mined after that
January 17, 2017, 02:45:10 PM
I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.
What is different this time? Is it just because of the Chinese leverage ban?
What is different this time? Is it just because of the Chinese leverage ban?
huh? Tell me one instance where breaking an ATH was rejected twice. Zoom out.
January 17, 2017, 02:16:26 PM
I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.
What is different this time? Is it just because of the Chinese leverage ban?
What is different this time? Is it just because of the Chinese leverage ban?
Double tops are made to be broken, i dont believe in them. The next time we approach the ATH, it's gonna cut through it like butter, though i think that'll happen later this year after months of consolidating.
January 17, 2017, 02:09:44 PM
Another run up? Cool. Unexpected but I like it.
Those with the best crystal balls win.
Those with the best crystal balls win.
January 17, 2017, 02:06:56 PM
What is different this time?
What's "different this time" is that we're at the right end of a humungous great 3-year cup & handle trading pattern instead of the left end
January 17, 2017, 02:06:22 PM
I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.
Aren't you yourself experienced enough? Even the grittiest poster here squeals 'mooooon' when it goes up $5 and then 'doooooooooooom' when it goes down by a similar amount. We're all a bunch of flighty schoolgirls while the real beasts lurk in the shadows.
January 17, 2017, 02:05:34 PM
Wtf is hobular ?
Yes. It is indeed the Huobi Bitcoin exchange.
Apologies for my eccentric take on common terminology. Gives me occasional boredom relief.
January 17, 2017, 02:03:53 PM
I'd like to ask the experienced guys here why the ATH is being mentioned after a reasonable increase today? Haven't we seen this over and over again and then we get battered.
What is different this time? Is it just because of the Chinese leverage ban?
What is different this time? Is it just because of the Chinese leverage ban?
January 17, 2017, 02:02:08 PM
Huobi I assume.
January 17, 2017, 02:01:05 PM
Wtf is hobular ?
January 17, 2017, 02:00:52 PM
Stamp $906
Hobular $906
Incredible.
...oops, now $908. Skyrocketting in tandem.
indeed. seems like pboc had an impact somehow.
January 17, 2017, 01:56:02 PM
Stamp $906
Hobular $906
Incredible.
...oops, now $908. Skyrocketting in tandem.
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