Quote from: TERA on February 26, 2014, 01:59:23 PM

That's a good point. Here we are looking at Bitstamp's order book/chart and being grateful for how strong it is now that it has taken over from gox. But meanwhile all the action is still happening on China's watch, and Chinese exchanges are doing 5x more volume (though some of that may be fake). This makes me a little concerned. Anyone else have thoughts on this?

Probably Huobi volume is faked in large amounts.

But who is to say that well connected wealthy Chinese people couldn't have accounts on Bitstamp, BTC-e, etc? I could have an account on BTC China if I wanted.

You mentioned before about having a distaste for trading on ESP, I actually don't. Very often my best Bitcoin decisions come from subtle but persistent underlying feelings and intuitions and especially from dreams. In this sense, it is good to be nocturnal as when you are taking a light nap during the day is when you are most likely to remember and/or be aware of your dreams or subconscious ramblings. I have only just started learning about the very most basic principles of TA, but well before then, I was entering Bitcoin profitably and leaving the market profitably based on pure intuition. Had I been able to combine that with a bit of market savvy and an understanding of TA, I would have make a fkn killing.

I posted on this forum some time ago, that I dreamt of a big bunch of Chinese Cowboys rounding up a big bunch of cattle n bulls into a barn and hacking them to bits with power saws and the like. They then started betting against each other with lumps of prime steak ripped from the slaughtered cattle. I became aware of the tricks that the main cowboy would play and knew to lay my meagre strips of bacon low to avoid it getting roasted. I succeeded in 'saving my bacon' but laid it out so low that I never won any steak. I posted this on here when BItcoin was still up higher $700s or even $800 range. I don't expect it to inform anyone elses market outlook but it certainly informed mine and the symbology of it seems to have come good, right down to me laying my bacon too low and not winning any steak......and perhaps even the fact that the cowboys were Chinese.

I 'predicted' a $380 bottom, but determined not to lay my bacon out too low, I placed 60 BTC of buy-ins all at $391.34. No staggered tranches eating into my profits! You can imagine my disappointment at missing out on a possible $15K of pure profit by $9. But to be fair, this isn't the first time I have done this since the time when I caught the falling knife too high on the Dec 17th crash ($540) and then losing my nerve and taking a loss on the bounce.