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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Huobi dump 3 days straight same time, why?
Lets see if any 'news' shows up in the next few hours...What is a "strong hand" and a "weak hand"?? Does this imply bitcoin is some kind of investment scheme? I thought it was a currency.
Lol, obviously its just propaganda. Theres another story I know about 'strong' hands, that one is about how you catch a monkey...Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Can't do anything about it obviously 
My point was more that many people are saying this is just a normal correction and the price was going down already regardless of the news, whereas there is also the possibility that some people may get the news before others and lead these corrections
My point was more that many people are saying this is just a normal correction and the price was going down already regardless of the news, whereas there is also the possibility that some people may get the news before others and lead these corrections
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Huobi at 496... stamp at 490. what's the problem? the market was falling before all the announcements..... just a natural correction.
Don't you think its even a little bit suspicious that each of these announcements is preceded by a large dump, right before the news is made public?Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It could go quite a bit lower. If the remaining Chinese banks close deposit methods over the next couple of days, combined with public holidays in Europe and US, that will be a lot of days with no cash flowing in to any exchanges
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Did the dumping start before the anouncement was made public?
Yes, as usual theres some blatant insider trading going on.How many banks do they actually have left now?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Do all you guys shouting your TA around realise that in this instance the TA had nothing to do with it? We only bounced from your resistance levels due to the 'news', who knows what it would have done otherwise
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
One peep out of China pimpslaps btc up or down a few hundred. I thought the gold market was manipulated, but this is insanity. Expect heavy dumps when China wakes up in a few hrs.
They are already awake, its 5:30 pm thereRe: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Just as I suspected, major news events would occur as soon as I "went bull"...
Yeah that was very unlucky timing. Wonder what the US will do when they wake upRe: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Kudos to myself for being spot on 
Pboc story ain't finished until exchanges are closed or delocalized
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
Pboc story ain't finished until exchanges are closed or delocalizedLook at that long Red wick on Huobi.. Chinese says Fuck u white boy!
Usually when the wick is that long, expect bad chinese news later on..
Usually when the wick is that long, expect bad chinese news later on..
We are at the mercy of chinese traders. They get the news firsthand and sets the Trend, some bots that follows CNY movements eats part of the cake.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
That is why pricing has been unpredictable for westerners. And I am totally uncomfortable with that. Until Huobi/okcoin gets shut down by PBOC or move out of china, I'm keeping my Fiat out of this gamble.
I believe we've just hit the top.
There was a lot of struggle in that pump
There was a lot of struggle in that pump
I agree, this current pump has no follow through. Soon it'l retrace back to 500, afterwards sub 460 to test some support.
This rally will end soon as it cannot be sustained by enough bids (less than $11 million bids) and has been fueled mainly by china and previous sellers who believes 340 as bottom and getting back in. To summarize, bitcoiners have short memory about the situation with pboc and is currently blinded by 'fear' of missing the fantomatic moon train.
Pretty accurate analysis.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
each time Bitcoin price starts going up an article like that one popup, I find it really fishy, and fuck this shit, I am not trading this and I will be holding to my coins.....
good luck and see you in a couple of months.
Yeah, the timing is very suspicious. Some of this stuff has been coming out in the middle of the night over there.good luck and see you in a couple of months.
Maybe the government are just trying to reinforce their point - "see we told you it was volatile and it would cost you money, come back to our banks where you are nice and safe"
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
To rationally decide to not buy a lot of bitcoins, you have to explain why it is impossible for Bitcoin to replace fiat (as a store of value, at least).
No you don't, you just need to explain why it is very unlikely. Just because something is possible doesn't mean it is probable. And I can think of a whole raft of reasons why it is improbableRe: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
0.01% chances for any of those to happen.
And in case 6 , if we talk about a full world economy meltdown , who cares about $ or BTC ?
Be realistic, case 4 has happened very recently and multiple times at thatAnd in case 6 , if we talk about a full world economy meltdown , who cares about $ or BTC ?
All of them? With no new ones appearing?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
0.01% chances for any of those to happen.
And in case 6 , if we talk about a full world economy meltdown , who cares about $ or BTC ?
Be realistic, case 4 has happened very recently and multiple times at thatAnd in case 6 , if we talk about a full world economy meltdown , who cares about $ or BTC ?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I was also a bear until 25. Feb, but then I bought at $448. We are now at the same price. Are you risking to be a worse trader than me?
Surprised you didn't sell at some point to be honest
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.
This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.
Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?
Right - I know it isn't predictable to any given day, but it seemed like what I read was about we'll always know what btc is worth in real value, not artificially inflated or deflated, and based on - which is where it's sketchy but I *think* it was based on something like how many people are buying or making transactions the value is calculated so the ups and downs are knowable.
I've read so friggin much on here it's hard to remember it specifically but that was the impression it gave me - that the match behind bitcoin provides some calculation that tells what the value is and going to be based on use or something.
Anyway, no problem...just curious
Thanks!Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.
This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.
Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We seem to keep bouncing down from the $450 ceiling. I'm going to reserve any declarations of bullishness until we get through that
Please update us.