Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31245.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: justusranvier on December 08, 2013, 05:22:58 PM

Quote from: Hfertig on December 08, 2013, 05:21:26 PM

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

Can you elaborate why ?

http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/

The crash has almost nothing to do with the "quasi"-ban on bitcoins and everything to do with new ID verification requirements by BTCChina.

Same old story. An exchange attracts money launderers and price manipulators. Then requires ID verification. The criminals flee to another exchange.

My guess is someone will set up the new btcchina in India soon.

Hfertig

sr. member

Activity: 361

Merit: 250

Quote from: justusranvier on December 08, 2013, 05:22:58 PM

Quote from: Hfertig on December 08, 2013, 05:21:26 PM

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

Can you elaborate why ?

http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/

Interesting, suddenly people do trust investment bankers

freethink2013

full member

Activity: 224

Merit: 100

Quote from: Ivanhoe on December 08, 2013, 05:15:50 PM

Quote from: freethink2013 on December 08, 2013, 05:14:51 PM

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

not going to argue if it was or wasn't. The important thing is that the market saw it as bad.

Could be that the market is changing their opinion about it now.

I don't think any of us could say it was good news but we could probably agree that is wasn't as bad as people made out initially.

Couple of randomish points: People in china are still using QQ coins pretty widely and the black market economy of china is probably bigger than the gdp of several eu nations.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: Habeler876 on December 08, 2013, 04:24:21 PM

FYI, bear pennant.

If you draw an arrow on the chart it will make the price go in that direction lol.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: Hfertig on December 08, 2013, 05:21:26 PM

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

Can you elaborate why ?

http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/

Habeler876

hero member

Activity: 624

Merit: 500

these are some nice satoshi buys

Hfertig

sr. member

Activity: 361

Merit: 250

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

Can you elaborate why ?

Habeler876

hero member

Activity: 624

Merit: 500

Quote from: Walsoraj on December 08, 2013, 05:17:51 PM

Quote from: Ivanhoe on December 08, 2013, 05:07:02 PM

Some decent buys coming through again, market feeling confident?

Just some idiot manipulator trying to protect his stupid investment by propping the price up.

this, 780 or so is top of pennant, pokes above could just be false breakout, i see nothing yet

tHash

sr. member

Activity: 260

Merit: 250

Quote from: dwdoc on December 08, 2013, 05:07:29 PM

Up we go. I thought Sunday was usually a down day.

Why do people keep thinking this? The system has so much money in it that we do not need new money to come in for a run up. We have had some Sundays with incredible gains. Sunday is a day where people buy back in expecting new money on Monday. Smart new money won't be dumped into market buys this time though, but parked in bids, or held on the sideline. This could cause a dip throughout the beginning of the week, as expectations for new money to "save" us are unrealized. We've seen it before. I hope people are smarter this time, but I am not holding my breath. As always I am all BTC, as I will not take part in activities that damage something I believe in, but people just need to stop expecting the new money to be the savior. We don't need it, and whether we see it right away or not, the money is coming in . . .

barbs

hero member

Activity: 854

Merit: 1000

Quote from: Walsoraj on December 08, 2013, 05:17:51 PM

Quote from: Ivanhoe on December 08, 2013, 05:07:02 PM

Some decent buys coming through again, market feeling confident?

Just some idiot manipulator trying to protect his stupid investment by propping the price up.

Bullish flag here

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Ivanhoe on December 08, 2013, 05:07:02 PM

Some decent buys coming through again, market feeling confident?

Just some idiot manipulator trying to protect his stupid investment by propping the price up.

Okurkabinladin

hero member

Activity: 574

Merit: 506

Quote from: simonk83 on December 08, 2013, 05:12:04 PM

Quote from: dwdoc on December 08, 2013, 05:07:29 PM

Up we go. I thought Sunday was usually a down day.

It's not Sunday everywhere Wink

Never heard, that corrections only happen on weekends. That´s new one.

Ivanhoe

hero member

Activity: 841

Merit: 1000

Quote from: freethink2013 on December 08, 2013, 05:14:51 PM

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

not going to argue if it was or wasn't. The important thing is that the market saw it as bad.

Could be that the market is changing their opinion about it now.

freethink2013

full member

Activity: 224

Merit: 100

Quote from: justusranvier on December 08, 2013, 04:53:21 PM

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

not going to argue if it was or wasn't. The important thing is that the market saw it as bad.

simonk83

hero member

Activity: 798

Merit: 1000

Quote from: dwdoc on December 08, 2013, 05:07:29 PM

Up we go. I thought Sunday was usually a down day.

It's not Sunday everywhere Wink

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Up we go. I thought Sunday was usually a down day.

Ivanhoe

hero member

Activity: 841

Merit: 1000

Some decent buys coming through again, market feeling confident?

barbs

hero member

Activity: 854

Merit: 1000

Quote from: ?? on ??

Quote from: Habeler876 on December 08, 2013, 04:24:21 PM

FYI, bear pennant.

What defines whether a pennant is bullish or bearish? The previous trend?

Regardless, TA is just one of many factors to consider.

The volume from these last buys doesn't make it look like a bear pennant on volume charts

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: ?? on ??

Quote from: Habeler876 on December 08, 2013, 04:24:21 PM

FYI, bear pennant.

What defines whether a pennant is bullish or bearish? The previous trend?

Regardless, TA is just one of many factors to consider.

Yes, previous trend

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: freethink2013 on December 08, 2013, 04:30:14 PM

china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close.

The crisis was imaginary. What happened in China was actually good news.

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