Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31625. (Read 26609064 times)
November 25, 2013, 05:07:38 AM
So many here wishes and feels that the crash is coming. Well sry to inform you guys, but what you wish or feel has very little or nothing to do with the price today or tomorrow. Price is going up, because people have not stopped buying. In fact people are buying shitloads of coins every day and if you sell to them, there's a big possibility that you have to buy back at loss if you want be in the train when we hit 1000, 2000 and maybe even 3000.
November 25, 2013, 05:05:21 AM
They said : "bitcoin went too high too fast, big bubble danger, stay away"
That's pretty bearish, especially if you believe China has been leading this huge rally to near $1k. Hmm...not going to say it's time to sell but this certainly isn't a good entry point.
Bitcoin is currently not sustained by people who are influenced by mainstream media. Even in China. So I don't see this as bearish, it only reflects where we are at right now. The media is right to warn people, but the intelligent person knows that the media more or less doesn't have a clue.
On one hand, I agree with you long-term. On the other, they are dead right. You only have to browse these forums on the vertical rise days and see the mania. The rise is driven 100% by speculation in China, and will fall hard if it continues -- only a matter of time. Damping the flames and triggering a recession now is absolutely the smart thing to do. I say this in the best interest of our future wealth -- a meltdown and ensuing over-reactionary regulation is not what we want.
Yes, this warning is good for bitcoin and for the chinese. It's maybe short term bearish. I didn't witness the mania in China and the public concerned by this mania so I cannot judge.
November 25, 2013, 05:03:10 AM
Hey stop... what happen to:
1k by Christmas ?
All the bears are hibernating ?
To the moon ?
choo choo ?
1k by Christmas ?
All the bears are hibernating ?
To the moon ?
choo choo ?
November 25, 2013, 05:02:26 AM
November 25, 2013, 05:00:21 AM
They said : "bitcoin went too high too fast, big bubble danger, stay away"
That's pretty bearish, especially if you believe China has been leading this huge rally to near $1k. Hmm...not going to say it's time to sell but this certainly isn't a good entry point.
Bitcoin is currently not sustained by people who are influenced by mainstream media. Even in China. So I don't see this as bearish, it only reflects where we are at right now. The media is right to warn people, but the intelligent person knows that the media more or less doesn't have a clue.
On one hand, I agree with you long-term. On the other, they are dead right. You only have to browse these forums on the vertical rise days and see the mania. The rise is driven 100% by speculation in China, and will fall hard if it continues -- only a matter of time. Damping the flames and triggering a recession now is absolutely the smart thing to do. I say this in the best interest of our future wealth -- a meltdown and ensuing over-reactionary regulation is not what we want.
November 25, 2013, 04:54:10 AM
They said : "bitcoin went too high too fast, big bubble danger, stay away"
That's pretty bearish, especially if you believe China has been leading this huge rally to near $1k. Hmm...not going to say it's time to sell but this certainly isn't a good entry point.
Bitcoin is currently not sustained by people who are influenced by mainstream media. Even in China. So I don't see this as bearish, it only reflects where we are at right now. The media is right to warn people, but the intelligent person knows that the media more or less doesn't have a clue.
November 25, 2013, 04:41:56 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away"
That's pretty bearish, especially if you believe China has been leading this huge rally to near $1k. Hmm...not going to say it's time to sell but this certainly isn't a good entry point.
November 25, 2013, 04:40:42 AM
Put it this way: We are considering adding a big red popup on our website stating that we do not advise people to buy BTC, for our own safety.
November 25, 2013, 04:38:55 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away"
Exactly that.
Perfect. Western financial media has been singing the same song lately, which just means that the short term growth potential is still huge.
When financial analysts start saying that BTC is a new paradigm and start advising to buy, that will be the right time to dump.
November 25, 2013, 04:37:45 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away, because we're not done buying yet."
November 25, 2013, 04:37:04 AM
I think the somewhat negative CCTV coverage is having an effect in China.
what happened? The Chinese dear leaders sold a bunch?
If they are warning the masses away it's because the leaders want to buy before the prices goes higher.
This is just wishful thinking. The only thing the leaders care about is stability and maintaining power. They absolutely do not want to see anything that could threaten this.
November 25, 2013, 04:35:43 AM
They said : "bitcoin went too high too fast, big bubble danger, stay away"
Exactly that. Don't you think they read my writings..?
November 25, 2013, 04:35:23 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away"
Right. Thanks.
November 25, 2013, 04:34:27 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away"
Exactly that.
November 25, 2013, 04:33:48 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
There have been several reports on the radio and TV about the "bitcoin phenomenon", they have been quite widespread. The messaging is that bitcoin is extremely volatile and risky, and they do not advise investors to enter.
Obviously they are most concerned about this escalating into a gold rush and causing destabilisation.
Not terribly negative, but it should help to make the market more rational.
November 25, 2013, 04:31:57 AM
I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say?
They said : "bitcoin went too high too fast, big bubble danger, stay away"
November 25, 2013, 04:29:55 AM
I think the somewhat negative CCTV coverage is having an effect in China.
No. $$$ has been flowing out to arbitrage and flowing in to sell.
China is looking at Gox. Gox is looking at Stamp. Stamp just got new money into its exchange about an hour ago. Since then it has already risen 30 points.
Its coming my friend.
So: the exchange with bigger volume (BTCChina) is looking at the 2nd exchange in terms of volume (Gox), which is looking himself to the exchange with lower volume?
I'd really like to understand how you did arrive to that conclusion, it seems pretty much counter intuitive to me.
Stamp led this rally out of the gates at $200. Gox followed Stamp and then took the lead for various reasons that most people know - it is more volatile. China lagged, but when it got going it went beserk.
We have now consolidated for the first time in this rally. I expect Stamp to lead again if we go up from here.
November 25, 2013, 04:28:46 AM
Hmm, Gox does appear to be following.
Has anyone attempted to do time-lagged correlation between exchanges?
Has anyone attempted to do time-lagged correlation between exchanges?
November 25, 2013, 04:26:58 AM
I think the somewhat negative CCTV coverage is having an effect in China.
No. $$$ has been flowing out to arbitrage and flowing in to sell.
China is looking at Gox. Gox is looking at Stamp. Stamp just got new money into its exchange about an hour ago. Since then it has already risen 30 points.
Its coming my friend.
So: the exchange with bigger volume (BTCChina) is looking at the 2nd exchange in terms of volume (Gox), which is looking himself to the exchange with lower volume among the three (Stamp)?
I'd really like to understand how you did arrive to that conclusion, it seems pretty much counter intuitive to me.
November 25, 2013, 04:25:59 AM
I think the somewhat negative CCTV coverage is having an effect in China.
what happened? The Chinese dear leaders sold a bunch?
If they are warning the masses away it's because the leaders want to buy before the prices goes higher.
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