People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
I think we just saw all those bears get squeezed just now.I sold at $450. Not buying back BTC. I think I'm done with BTC. Buying altcoins now.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28615. (Read 26713252 times)
April 01, 2014, 03:02:10 AM
I sold at $450. Not buying back BTC. I think I'm done with BTC. Buying altcoins now.
April 01, 2014, 03:01:38 AM
I suppose that, as the more pessimistic Chinese sell all their coins, the arbitrage traders have to buy from the slightly less pessimistic ones, so the price gradually goes up.
Wouldnt it work better other way around? 
April 01, 2014, 03:01:19 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?
not out of the woods yet, but so far so good. Seems like everyone was just sitting there waiting for it to hit 400... That doesnt seem to be happening, so panic buying should commence fairly soon.
April 01, 2014, 03:00:42 AM
April 01, 2014, 02:59:53 AM
This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time.
Thought it was clarified via bter that they were closing third party partners not a blanket ban.
IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new.
uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow.
In this rant, I was NOT alleging that the news was NOT real, I was just asserting that it was NOT new... NOTHING materially different from what we already knew in December 2013. There may have been different words or a different font or two spaces after the periods.. and things like that.. but nothing significantly different from what was already known in December 2013.
what I learned from their statement that I hadn't gathered from any other FUD past or present was this time the pboc went to the third party payment processors opposed to the exchange, which I don't believe is ever directly addressed. The solution for BTER could be as easy as getting a commercial bank account. It just looks like the pboc is narrowing the channels without direction intervention at an exchange.
I agree with you that if china had changed the kinds of institutions that were affected by the restrictions then those could have been materially different - These restrictions still are very foggy to me, and I remain unclear about the impact..... on whether chinese people are going to be able to find effective and practical work arounds.... but surely, the fud impact is more important than reality.. anyhow.
April 01, 2014, 02:59:26 AM
Not convinced yet, but waking up and seeing price somewhat higher is nice
April 01, 2014, 02:57:48 AM
Well, are there any news in china I'm not aware of? Or is it just someone pumping? Damn, it sucks to not know any chinese 
No news apparently. I suppose that, as the more pessimistic Chinese sell all their coins, the arbitrage traders have to buy from the slightly less pessimistic ones, so the price gradually goes up. April 01, 2014, 02:57:21 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
So we've hit a bottom and now we are in a bull market again? $435 was the low that we will never see again?
April 01, 2014, 02:55:08 AM
Well, are there any news in china I'm not aware of? Or is it just someone pumping? Damn, it sucks to not know any chinese
No news apparently. I suppose that, as the more pessimistic Chinese sell all their coins, the arbitrage traders have to buy from the slightly less pessimistic ones, so the price gradually goes up. April 01, 2014, 02:54:23 AM
bids keep adding up, i think we will touch 500 this week.
When the current prices are "touching" $490, the question should be about whether we are hitting $540 rather than $500, no?
April 01, 2014, 02:51:07 AM
Thing are def happening on bfx right now. It looks as the shorts are panic closing and the amount of longs is rocketing, ltc longs too
..speaking of LTC..
remember that guy who sold 10k LTC short at $12.4 yesterday?
I sold 3900 at around $4.5 and then 10 days later watched it climb to $48.
Wow!!! 10x profit could have been amazing on that quantity...
April 01, 2014, 02:49:30 AM
This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time.
Thought it was clarified via bter that they were closing third party partners not a blanket ban.
IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new.
uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow.
In this rant, I was NOT alleging that the news was NOT real, I was just asserting that it was NOT new... NOTHING materially different from what we already knew in December 2013. There may have been different words or a different font or two spaces after the periods.. and things like that.. but nothing significantly different from what was already known in December 2013.
what I learned from their statement that I hadn't gathered from any other FUD past or present was this time the pboc went to the third party payment processors opposed to the exchange, which I don't believe is ever directly addressed. The solution for BTER could be as easy as getting a commercial bank account. It just looks like the pboc is narrowing the channels without direction intervention at an exchange.
April 01, 2014, 02:49:22 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
I think we just saw all those bears get squeezed just now.A small panic buy/ panic closing of shorts I agree. I just don't get why people still thought it was a good trade at $450ish when the panic selling had clearly dried up. Not saying were about to fly up $100-$200 but shorting down there or even still here is far too dangerous for my liking.
April 01, 2014, 02:48:49 AM
bids keep adding up, i think we will touch 500 this week.
April 01, 2014, 02:48:46 AM
In this case, to go long I reccomend using at least the 1 day MACD and to use leverage, I reccommend using at least 3 day MACD. Otherwise, the only trading you should be doing is shorting, while using the smaller indicators for entries and exits. I have gotten burnt too many times now using the 4 hour MACD to enter a long and then it whipsaws.
unless you use a leading indicator. Im long from 453 using EW.
April 01, 2014, 02:46:26 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
I think we just saw all those bears get squeezed just now. April 01, 2014, 02:45:33 AM
People who sold at the bottom, when will you learn. Bears who sold at $450ish when will you buy back ?
April 01, 2014, 02:44:21 AM
since this is the trollbox, I might just repost without someone beating me up:
Quote
Well, are there any news in china I'm not aware of? Or is it just someone pumping? Damn, it sucks to not know any chinese Sad
April 01, 2014, 02:43:12 AM
In this case, to go long I reccomend using at least the 1 day MACD and to use leverage, I reccommend using at least 3 day MACD. Otherwise, the only trading you should be doing is shorting, while using the smaller indicators for entries and exits. I have gotten burnt too many times now using the 4 hour MACD to enter a long and then it whipsaws.
April 01, 2014, 02:42:43 AM
This Chinese thread seems to say that bank deposit (?) at OKCoin was still working today (Apr/01) around 09:00 local time.
Thought it was clarified via bter that they were closing third party partners not a blanket ban.
IN the end, there was NO real news with any of this China FUD over the past two weeks-ish.. it was pretty much the same news as had come out in December 2013... just some rephrasing or recirculation.. but materially NOTHING really new.
uh I consider the website directly addressing what was sent to them real. At least a stance based on something they we're enforced to follow.
In this rant, I was NOT alleging that the news was NOT real, I was just asserting that it was NOT new... NOTHING materially different from what we already knew in December 2013. There may have been different words or a different font or two spaces after the periods.. and things like that.. but nothing significantly different from what was already known in December 2013.
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