I panic sold. That bter news put me over the edge. If I'm wrong I'll buy back in at $520. But I have some even riskier investments in some altcoins so no worries on my end. I'm hedged either way for excitement.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28637. (Read 26713663 times)
March 31, 2014, 03:02:33 AM
I panic sold. That bter news put me over the edge. If I'm wrong I'll buy back in at $520. But I have some even riskier investments in some altcoins so no worries on my end. I'm hedged either way for excitement.
March 31, 2014, 03:00:48 AM
For negative stuff isn't it sell on rumours buy on news?
It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.
Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s
We need real capitulation and I think we are going to have a chance at it when these two forces meet.
Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it
I know what you mean, but while people here on this forum and over on tradeview seem to agree about whats going to happen, the rest of the world may make it come true.
Also, there are always new coins being mined and sold, so without some buying pressure, the market goes down, as bitcoin is currently inflationary.
Also, a lot of smart traders don't want to buy now when they can buy for $400. So we will probably continue to melt down towards that # unless something comes along to suddenly change the market. We put up a fight at $470. We are putting up a fight at $440. But I think the real fight begins about $410.
March 31, 2014, 02:58:41 AM
Bter suspends Yuan deposits citing official notification. http://www.cryptocoinsnews.com/2014/03/31/bter-suspended-chinese-yuan-deposits-citing-notification-new-official-regulations/
Price inches up.
Sell the rumour; buy the news. Love it!
This is getting priced in guys.
EDIT whoops - looking at a few posts I see this is old news already.
Price inches up.
Sell the rumour; buy the news. Love it!
This is getting priced in guys.
EDIT whoops - looking at a few posts I see this is old news already.
March 31, 2014, 02:57:25 AM
Just a reminder that fiat exchanges are not free of their own manipulations: http://www.bbc.co.uk/news/business-26816057
March 31, 2014, 02:57:00 AM
Whats suspicious to me is that huobi dump happened always the same time as the bter news were released, which is very unusual.
March 31, 2014, 02:52:26 AM
For negative stuff isn't it sell on rumours buy on news?
It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.
Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s
We need real capitulation and I think we are going to have a chance at it when these two forces meet.
Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it
I just kinda know 90% sure it's full of shit. HODL.
March 31, 2014, 02:50:31 AM
For negative stuff isn't it sell on rumours buy on news?
It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.
Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s
We need real capitulation and I think we are going to have a chance at it when these two forces meet.
Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it
I just kinda know 90% sure it's full of shit. HODL.
March 31, 2014, 02:49:35 AM
For negative stuff isn't it sell on rumours buy on news?
I think this is true for positive stuff too la!
March 31, 2014, 02:45:49 AM
For negative stuff isn't it sell on rumours buy on news?
It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.
Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s
We need real capitulation and I think we are going to have a chance at it when these two forces meet.
Maybe, thats kinda what most people expect, but i dont know, i have a feeling that this whole crash is kinda full of shit, cant really put my finger on it
March 31, 2014, 02:26:41 AM
For negative stuff isn't it sell on rumours buy on news?
It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.
Maybe there is another way, but to me it looks like there is going to be an epic showdown between $380-$420. The bid sums are already lined up, with plenty more waiting in the wings. But China is going to attempt to take us down to $200s
We need real capitulation and I think we are going to have a chance at it when these two forces meet.
March 31, 2014, 02:22:15 AM
Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"
So you finally SODL , bulls changing minds, i guess the low isn't that far!
I said it would probably be an okay idea, but i didnt sell , because overall the price is too low
March 31, 2014, 02:15:23 AM
For negative stuff isn't it sell on rumours buy on news?
It's amazing how people forget this. Remeber pre-Gox, when it was all about China? By the time the deadline came we were stable / inching up and if it hadn't been for Gox we would have continued that way I reckon.
March 31, 2014, 02:09:26 AM
Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"
So you finally SODL , bulls changing minds, i guess the low isn't that far!
March 31, 2014, 02:05:12 AM
Selling now and waiting for china to crash to 2300-2100 is probably not a bad idea, since the bigger dump always happens about 8h~ after the "news"
March 31, 2014, 02:02:58 AM
Interesting that this fat red candle on huobi didnt make new low on stamp
The sheep finally figured out you don't have to sell on Stamp because a Chinese exchange goes down? That would be a miracle and very hard to believe.
March 31, 2014, 02:00:42 AM
really starting to believe that statement was an internal memo that got leaked from the pboc on its way to exchanges.. Mind you I'll change my mind if across the board halts come..and then watch them flow to btc-e lol
This is on front page of http://www.btctrade.com/
"Dear user: third-party payment channels received notification today, will be suspended directly online recharge functionality April 1, recharge will continue to use bank transfers, daily transactions and withdrawals are not affected, please understand! 415 for the recent events, Bitcoin transaction network (btctrade.com) yet received any notice, the recent market volatility is large, please investors cautious investment.".
bter has made a similar announcement.
I realize a lot of those who post in this thread has a very hard time accepting reality. Perhaps someone will be kind enough to send you a telex with the memo eventually?
I advise you to accept reality and the fact that some CNY exchanges already confirmed that the PBOC document is real before we re-visit double digits.
For negative stuff isn't it sell on rumours buy on news?
March 31, 2014, 01:55:53 AM
lol you can tell I hurt his feelings poor bastard. ^^
March 31, 2014, 01:54:24 AM
Interesting that this fat red candle on huobi didnt make new low on stamp
March 31, 2014, 01:35:33 AM
Some guys are putting a bit of fight at 450$... 
It won't matter by the end of this week. CNY can only flow one way now: Out of the BTC "market". Those who HODL can call that good news and false rumor all they want, it won't help.
Expect double digits.
There is exactly zero chance we ever see double digits again without some serious FUD like SHA-256 getting cracked or something equally disturbing.
March 31, 2014, 01:27:02 AM
I hope the statement is true, so it prevents us from crashing for the same reason over and over again.
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