Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28351. (Read 26609689 times)
April 09, 2014, 02:32:45 PM
April 09, 2014, 02:29:42 PM
Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?
There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
What's that mean, exactly?
I thought that you were all in Fiat at $456 or $458 or something like that.
So at this point, you could buy some BTC back at a profit, no? and then if we dip lower, buy some more... unless you are saying that you are just going to sit out this roller coaster (a kind of train) in fiat?
Personally, I would rather sit it out in BTC, but each of us have our own levels of diversification or hedge.
A 6$ profit after a $600 drop from the ATH? Yeah, I'll get right on that.
That's just it. Since most of my holdings are in cold storage, I'm using my trading stash as a hedge right now. I've seen bitcoin prices go stupid high and stupid low. They are low now, but they aren't stupid low, considering China AND Gox. I'm a Bitcoin true believer, but I think that works against me as a day trader. I'm trying to zero out my bias, but I may be overdoing it. I don't know what to do. I suspect that these buy walls are not there out of demand for cheap coins, but out of fear of a further drop. There is almost nothing on the other side of $400.
dont look at the wall, there's MASSIVE support under 400 its just not shown,
i have no bids under 400
but i will buy under 400 if we go there.
April 09, 2014, 02:27:27 PM
Post some shit in Chinese
Wait for panic and fear
PROFIT
Repeat
Wait for panic and fear
PROFIT
Repeat
you have to use a .jpg otherwise someone will cut and past into Google translate.
April 09, 2014, 02:23:43 PM
Looking at the volume, it appears to be one of the tremors before the big quake. The recovery to $445 is on no volume at all. I pulled one of my re-buy orders until I find out what the hell is going on. How can there be that many limit buy orders with no market-order buying?
There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
There appears to be much expectation for a major liquidity event in the downward direction. There is a minute chance that this is a head-fake by whales, but I seriously doubt it.
If you can't spot the sucker at the poker table, then you are the sucker. I'm folding my hand to conserve chips.
What's that mean, exactly?
I thought that you were all in Fiat at $456 or $458 or something like that.
So at this point, you could buy some BTC back at a profit, no? and then if we dip lower, buy some more... unless you are saying that you are just going to sit out this roller coaster (a kind of train) in fiat?
Personally, I would rather sit it out in BTC, but each of us have our own levels of diversification or hedge.
A 6$ profit after a $600 drop from the ATH? Yeah, I'll get right on that.
That's just it. Since most of my holdings are in cold storage, I'm using my trading stash as a hedge right now. I've seen bitcoin prices go stupid high and stupid low. They are low now, but they aren't stupid low, considering China AND Gox. I'm a Bitcoin true believer, but I think that works against me as a day trader. I'm trying to zero out my bias, but I may be overdoing it. I don't know what to do. I suspect that these buy walls are not there out of demand for cheap coins, but out of fear of a further drop. There is almost nothing on the other side of $400.
April 09, 2014, 02:23:30 PM
As i said, when someone suddenly dumps on huobi, expect the link to some "Chinese news" in 5~ hours or so poping up, works like a clock
April 09, 2014, 02:22:03 PM
Goodbye China
April 09, 2014, 02:17:16 PM
April 09, 2014, 02:17:04 PM
There we go. That should make sure no Chinese people get to see this thread for a while.
April 09, 2014, 02:15:12 PM
Post some shit in Chinese
Wait for panic and fear
PROFIT
Repeat
Wait for panic and fear
PROFIT
Repeat
April 09, 2014, 02:12:26 PM
Well if China's banning Bitcoin several times within a few months they must be pretty bad at it. Funny because they're really effective at banning other things. Like free speech, for example. 
April 09, 2014, 02:11:40 PM
How many times will China be able to ban Bitcoins ?
I mean : I am really impressed by this, one would think that they could ban it once, and then, well, it's banned, so be it, they could unban it maybe ... but nothing else.
But no.
They can ban it again and again forever and each time it makes a buzz.
Fantastic.
I mean : I am really impressed by this, one would think that they could ban it once, and then, well, it's banned, so be it, they could unban it maybe ... but nothing else.
But no.
They can ban it again and again forever and each time it makes a buzz.
Fantastic.
They never ban it. And with each vague announcement traders have to ponder what the potential effect will be on Chinese demand (and of course, the HUGE supply of Chinese mined coins), hence action.
April 09, 2014, 02:09:51 PM
How many times will China be able to ban Bitcoins ?
I mean : I am really impressed by this, one would think that they could ban it once, and then, well, it's banned, so be it, they could unban it maybe ... but nothing else.
But no.
They can ban it again and again forever and each time it makes a buzz.
Fantastic.
I mean : I am really impressed by this, one would think that they could ban it once, and then, well, it's banned, so be it, they could unban it maybe ... but nothing else.
But no.
They can ban it again and again forever and each time it makes a buzz.
Fantastic.
April 09, 2014, 02:09:41 PM
Our beloved chinese comrades could you please bring us some volatility and enlighten us about the path of deBITCOINisification, that´s in front of us!
April 09, 2014, 02:06:55 PM
is this completely made of BS? or did china ban bitcoin again.
it's what we need. The final Chinese nail, let out the remaining steam, then some stagnation, followed by slow and hopefully steady growth.
April 09, 2014, 02:06:45 PM
LOL, so bearish in here. Hilarious.
April 09, 2014, 02:05:42 PM
We are back to a fairly solidified 444.
Confirmed!
Slowly going under 400... CONFIRMED !
April 09, 2014, 02:02:32 PM
We are back to a fairly solidified 444.
Confirmed!
April 09, 2014, 02:00:30 PM
April 09, 2014, 01:59:25 PM
is this completely made of BS? or did china ban bitcoin again.
Consider the source. 99.99% BS.
April 09, 2014, 01:58:24 PM
Let's suppose, just for argument, that the majority of the miners decided to raise the cap to 210 million BTC, and lower the difficulty so that mining became 10 times more productive in BTC terms. What would happen?
There would be a massive rush for the exits as btc was sold for another crypto, hard currency, or fiat. Miners would end up with dogecoin equivalents.
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