Quote from: Tzupy on January 16, 2016, 10:13:49 PM

Wow... OP, considering that you are a permabull, I think it's the first time I agree with you, the dump was due to TA, but went deeper because of bad news. Cheesy

OP has no credibility. Just last week, he started a thread poking fun at me for my bearish outlook. MatTheCat - Ultimate Reverse Indicator thread....or something along those lines.......and he can't do TA either.....TA, on Bitcoinwisdom, really?

https://bitcointalk.org/index.php?topic=1319356.msg13484814#msg13484814

Quote from: dropt on January 16, 2016, 08:10:40 PM

LOL @ TA being the primary motivator for the drop.

Yeah, a near arbitrary line was crossed so everyone just said fuck it and threw the towel in causing rates to drop $75.

IMO the stars aligned and some big fish took an opportunity to shake the market.

This^^

Bitcoin is too cornered a market for media stories such as Hearn or Cryptsy to matter a flying fuck in themselves. What these 'stories' can do however, is provide fertile grounds for the Market Makers to do their thang.....

....Last week, Bitcoin was rocketing thanks to China Stock market crash and Yuan devaluation. Last I checked, both these issues were still on the same course as last week, except looking even more foreboding.....so where is all the Chinese Capital flooding into Bitcoin?

Bitcoin has been co-opted by a few Chinese whales. They are running this market as thier own personal cash cow, and will ramp, dump, ramp, dump, and then ramp some more, filling their fucking boots every swing up n down of the way, whilst the majority of Bitcoin traders/investors are scrambling around reddit, forums, news site, trying to pin some half baked narrative on the whole shenanigans.

Bitcoin market is 100% bullshit. All of it. But maybe if ya play yer cards right, you can put a few shillings in yer pocket that you otherwise wouldn't have, but the majority will lose out by design, and er, don't get too greedy, euphoric, or complacent. To all those thinking new ATHs are inevitable. Think again. That aint how these fuckers are going to make their money. Mike Hearn describes quite well I think, how those who now control Bitcoin, don't really want it to get that big.

Bitcoins main purpose, has become to enrich it's Chinese masters, whilst providing a service as a niche means of Capital Flight out of that country, once again, enriching it's Chinese masters.