Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28103.

pjviitas

sr. member

Activity: 434

Merit: 250

Quote from: rjp55 on April 18, 2014, 09:29:07 AM

I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.

duh...ya...thats been everybody on here at one time or another. Its part of the learning curve.

Drabla

member

Activity: 104

Merit: 10

Pecunia non olet

Quote from: 0x3d on April 18, 2014, 09:28:53 AM

I'll just leave this here for all of those who miss Clarkmoody's BingBong sounds:
http://bitcoinsounds.0x3d.lu/

This started out as a little dirty hack for myself but as Bitcoin is quite boring today I polished it a little and so with this post consider it as released!

Freakin' sweet

Could you at some minimal/soft ding / pulse sounds so i can leave the page open at the office ? Cheesy

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: RobFordWotWot on April 18, 2014, 09:51:08 AM

Quote from: JorgeStolfi

Chinese traders who experience a few losses in a row are selling their coins (since they are not very useful in China)

Das Racist

Sorry for not being clear, I meant that TRADERS are not very useful, not the CHINESE traders. Wink

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: rjp55 on April 18, 2014, 09:29:07 AM

I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.

At least half the bears here. And then also a good bunch of the trolls.

RobFordWotWot

sr. member

Activity: 280

Merit: 250

time

Quote from: JorgeStolfi on April 18, 2014, 09:49:32 AM

Quote from: rjp55 on April 18, 2014, 09:29:07 AM

I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.

Indeed, my theory for the gradual decline in the price since Feb/06 is basically that: Chinese traders who experience a few losses in a row are selling their coins (since they are not very useful in China) and taking their money out; and not enough new clients are joining, so that there is not enough new money coming in.

Additionally, some Chinese miners who need Yuan may be selling at the exchanges, adding coins and taking yuan out.

Das Racist

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: magicmexican on April 18, 2014, 08:38:24 AM

Not feeling it, i think people who expect its to go below 400 again will get burned

Why the hell would it go below 400? I can't find a single reason for that.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: rjp55 on April 18, 2014, 09:29:07 AM

I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.

Indeed, my theory for the gradual decline in the price since Feb/06 is basically that: Chinese traders who experience a few losses in a row are selling their coins (since they are not very useful in China) and taking their money out; and not enough new clients are joining, so that there is not enough new money coming in.

Additionally, some Chinese miners who need Yuan may be selling at the exchanges, adding coins and taking yuan out.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: lemonte on April 18, 2014, 09:05:36 AM

Both of those notices are 24 hours old, they caused yesterday's dip, not today's.

The OKCoin one is dated TODAY 12:29 UTC, exactly when the last large drop (~3050 --> ~2950) started.
The Huobi one is from yesterday 09:30 UTC, when the previous large drop (~3150 --> ~3050) started.

In both cases there may have been a bit of "insider trading".

rjp55

sr. member

Activity: 798

Merit: 250

CurioInvest [IEO Live]

I wonder how many people have bought into bitcoin and been killed short term with drops. So they become bitter and start shorting it and then get killed on its way up. Then preach to everyone that the market is manipulated and they predict doom for all on their way out.

0x3d

member

Activity: 83

Merit: 10

I'll just leave this here for all of those who miss Clarkmoody's BingBong sounds:
http://bitcoinsounds.0x3d.lu/

This started out as a little dirty hack for myself but as Bitcoin is quite boring today I polished it a little and so with this post consider it as released!

Update @ 23/04/2014: Made some improvements in the tool

spooderman

legendary

Activity: 1680

Merit: 1045

so far I was spot on with my "475" prediction.

2 more days and I'm a prophet

lemonte

hero member

Activity: 624

Merit: 502

My opinion Is Yes, Some Chinese people are cutting their losses and leaving, however I also think there's a degree of the drop Is people knowing that volume will be low because of Easter/bank holidays and taking advantage of this.

Also, like I've mentioned before, these news stories are still doing the rounds, just look at Social media. It'll take a few days for those to be forgotten about. Sentiment in the West seems to be picking up a bit, look at the surveys on here and Reddit, both indicative of a bullish, bit realistic sentiment.

I'm making no predictions, A./ my TA is shit, B./ I've just polished off my second glass of wine, but I do know that this weekend is a write off.

edwardspitz

sr. member

Activity: 546

Merit: 250

Quote from: JorgeStolfi on April 18, 2014, 08:42:49 AM

Quote from: magicmexican on April 18, 2014, 08:23:44 AM

Where are links to scary chiniese articles, i think its time

See my previous post. The time of the OKCoin notice apparently coincides with the start of the current dump.

It may be that the Chinese exchange CEOs have karpeled a little; they may have known what was coming but waited until the last minute to tell their clients.

I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions".

The Huobi note link is in red, next to a red light bulb, near yhe top of their homepage. The OKCoin is in red too, next to a loudspeaker icon. Further notes mat be accessed perhaps by fiddling with the URLs. (Huobi's note 325 is some Western press news, 326 does not exist yet.)

Quote

I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions".

Yes, that is just crazy. Now we will see the price drop, but we will no longer be able to judge why. More FUD.

lemonte

hero member

Activity: 624

Merit: 502

Both of those notices are 24 hours old, they caused yesterday's dip, not today's.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: magicmexican on April 18, 2014, 08:23:44 AM

Where are links to scary chiniese articles, i think its time

See my previous post. The time of the OKCoin notice apparently coincides with the start of the current dump.

It may be that the Chinese exchange CEOs have karpeled a little; they may have known what was coming but waited until the last minute to tell their clients.

I am not sure, but the OKCoin note may be saying that further notices will be shown only to logged-in clients "in order not to affect the normal market conditions".

The Huobi note link is in red, next to a red light bulb, near yhe top of their homepage. The OKCoin is in red too, next to a loudspeaker icon. Further notes mat be accessed perhaps by fiddling with the URLs. (Huobi's note 325 is some Western press news, 326 does not exist yet.)

Bagatell

hero member

Activity: 722

Merit: 500