I got a book called "Meditation for sceptics" for christmas.
I'm going to read that now, maybe I'll get back in touch with this market somehow.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30720. (Read 26711828 times)
December 25, 2013, 02:33:35 PM
December 25, 2013, 02:25:29 PM
First: Seasons Greetings to all.
Next: Walsoraj, you surprised me. I believe that is the most rational post I've read from you. If the events you mention come to pass, do you have a guess as to the time frame?
And: Are traders still actively watching btcChina for movement or is it that so many bots have been programmed to react to changes in that market? A better way of asking that question is: Do you think that the Cny market is the driver for the western exchanges?
Next: Walsoraj, you surprised me. I believe that is the most rational post I've read from you. If the events you mention come to pass, do you have a guess as to the time frame?
And: Are traders still actively watching btcChina for movement or is it that so many bots have been programmed to react to changes in that market? A better way of asking that question is: Do you think that the Cny market is the driver for the western exchanges?
December 25, 2013, 02:01:42 PM
December 25, 2013, 01:40:46 PM
Well shit.. LTC took a blast this morning.
This lines up perfectly with the downward trend line! This "blast off" happened with BTC already and it touched the top of its trendline, but it has yet to happen with LTC until now. The one day EMA crossover has confirmed a downtrend in both BTC and LTC...but they were both oversold until now.
I have just sold off some LTC
Merry Christmas everyone!
So you are saying bitcoin is overbought, i say its a trend reversal
Merry Christmas everyone!
There needs to be some significant volume for a trend reversal, crossing the trendline doesnt mean much without volume
December 25, 2013, 01:29:40 PM
http://www.reddit.com/r/Bitcoin/comments/1to47m/is_anyone_else_getting_sick_and_tired_of_the_doge/
I support Dogecoin and its ability to enrage the Bitcoin cultists.
I support Dogecoin and its ability to enrage the Bitcoin cultists.
December 25, 2013, 01:27:26 PM
A complete shutdown is bullish because that would stop panic selling. The price would become dependent on other exchanges.
A continued policy of no deposits while allowing withdrawals will inevitably result in more panic selling. However, if the gov also restrict withdrawals, then traders might be forced to buy bitcoin just to cash out elsewhere, similar to what happen with Gox last summer (and is arguably still happening).
A continued policy of no deposits while allowing withdrawals will inevitably result in more panic selling. However, if the gov also restrict withdrawals, then traders might be forced to buy bitcoin just to cash out elsewhere, similar to what happen with Gox last summer (and is arguably still happening).
Right, I tend to see this potential shutdown as a continuation of the current trend of gradually increasing restrictions.
They will most likely block deposits and put a deadline on withdrawals before stopping all trading activity.
At least that's how I would handle it as an exchange owner (it's a good way to buy a ton of cheap coins).
December 25, 2013, 01:25:15 PM
Quote
Use logscale, idiot
That's the Christmas sprite we like to see, ho,ho,hoSanta leave him a lump of coal?
Merry Xmas.
December 25, 2013, 01:03:18 PM
Bears have plenty of time to buy back in. I anticipate more bad news from China. Specifically, regarding foolish attempts to bypass the no-deposit law with things like vouchers (lookin' at u btcchina).
Exactly.
We shouldn't forget that Chinese exchanges are in a difficult situation. They could shutdown anytime.
A complete shutdown is bullish because that would stop panic selling. The price would become dependent on other exchanges.
A continued policy of no deposits while allowing withdrawals will inevitably result in more panic selling. However, if the gov also restrict withdrawals, then traders might be forced to buy bitcoin just to cash out elsewhere, similar to what happen with Gox last summer (and is arguably still happening). This would cause the price to climb dramatically.
*edit*
And what I predict happening is China cracks down on the attempts to bypass deposits and eventually restricts withdrawals. The best time to buy is after the crackdown. The price will go up once buying btc is the only way to get anything out of the exchange. Be prepared to sell again if there is a complete shutdown of everything, including btc deposits/withdrawals.
December 25, 2013, 01:02:20 PM
December 25, 2013, 12:57:06 PM
Bears have plenty of time to buy back in. I anticipate more bad news from China. Specifically, regarding foolish attempts to bypass the no-deposit law with things like vouchers (lookin' at u btcchina).
Exactly.
We shouldn't forget that Chinese exchanges are in a difficult situation. They could shutdown anytime.
December 25, 2013, 12:54:08 PM
Bears have plenty of time to buy back in. I anticipate more bad news from China.
+1, totally agreed
btw, merry christmas for those who celebrate it today.
We'll celebrate it in 2 weeks.
December 25, 2013, 12:51:42 PM
Bears have plenty of time to buy back in. I anticipate more bad news from China. Specifically, regarding foolish attempts to bypass the outlaw of deposits with things like vouchers (lookin' at u btcchina).
December 25, 2013, 12:51:28 PM
Even on logscale bears don't have much time left:
but they still have.
yes, they have time. But do they have coins?
Yes
https://blockchain.info/charts/bitcoin-days-destroyed-min-year?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
December 25, 2013, 12:50:19 PM
Even on logscale bears don't have much time left:
but they still have.
yes, they have time. But do they have coins?
December 25, 2013, 12:49:03 PM
Even on logscale bears don't have much time left:
but they still have.
December 25, 2013, 12:37:37 PM
So you are saying bitcoin is overbought, i say its a trend reversal
On low volume? Yeah, man, you are an expert.
Use logscale, idiot
Even on logscale bears don't have much time left:
no need for name-calling. If you sold and the market gets away you have only yourself to blame. But don't worry, it was the correct decision at the time. Always.
Right, the price totally can not move sideways through a trend-line and then make it's move.
December 25, 2013, 12:35:43 PM
So you are saying bitcoin is overbought, i say its a trend reversal
On low volume? Yeah, man, you are an expert.
Use logscale, idiot
Even on logscale bears don't have much time left:
no need for name-calling. If you sold and the market gets away you have only yourself to blame. But don't worry, it was the correct decision at the time. Always.
December 25, 2013, 12:34:57 PM
Just come on line to wish you all a merry Christmas!
ch000 ch000
ch000 ch000 goat, merry Christmas!
December 25, 2013, 12:26:45 PM
Came to say Merry Christmas bitchez (except Walsoraj - I hope Santa shits in your stocking).
December 25, 2013, 12:25:53 PM
Quote
Use logscale, idiot
That's the Christmas sprite we like to see, ho,ho,ho Jump to: