Quote from: rpietila on October 18, 2016, 08:12:11 PM

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

This may be an accurate call, especially if it attracts attention in China.

Quote

The word for "eight" (八 Pinyin: bā) sounds similar to the word which means "prosper" or "wealth" (發 often paired with "發財" during Chinese New Years, but is used alone or paired with numerous other "compound words" that have a meaning of luck or success, Pinyin: fā). In regional dialects the words for "eight" and "fortune" are also similar, e.g., Cantonese "baat3" and "faat3". The word is also phonetically similar to the word for a hundred (百), alluding to greater wealth. Note as well, this particular symbol matches the mathematical symbol of infinity. While Chinese does have other words for luck, this full understanding of luck that includes the infinity concept marries into a Chinese understanding of this particular word.

There is also a visual resemblance between two digits, "88", and 囍, the "shuāng xĭ" ("double joy"), a popular decorative design composed of two stylized characters 喜 ("xĭ" meaning "joy" or "happiness").

https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture#Eight