Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/
If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.
1. The price is merely crawling back up, and it's not doing it fast enough or with enough volume to call it a reversal. It looks more like a correction on the further way down for now. 2. They could simply wake up, read the latest news they've missed and decide that they're out (or simply that it's going to drop even more from that so they will buy back lower). It's happened before, it may happen again - hence the question how bullish/bearish they've been recently compared to the rest.
You're probably right. I get the feeling that, despite common knowledge on this thread at least, China mostly follows the rest. So I guess the pandas are going to have a party while I'm sleeping.
Aaand... I guess here we go, the question now is how deep.
Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/
If they don't have automated stops that's already been triggered I don't see why they would bail if the price is climbing again.
1. The price is merely crawling back up, and it's not doing it fast enough or with enough volume to call it a reversal. It looks more like a correction on the further way down for now. 2. They could simply wake up, read the latest news they've missed and decide that they're out (or simply that it's going to drop even more from that so they will buy back lower). It's happened before, it may happen again - hence the question how bullish/bearish they've been recently compared to the rest.
Have the Chinese recently been more or less bullish than the rest? If equally or less, I think we have yet another ride down tonight in 1-2 hours, once they wake up to this shit. :/
some one is trying their god damn best to crash the market but it just isnt happening lol
It looks more like they are trying to get out above 1400 CNY before it crashes.
Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artificial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.
From what I've observed, the amount of BTC to 220 USD on bitfinex got a little below 6k for a moment, now it's back at 6300. If it goes back to 10k after this flash crash attempt, it seems inevitable that we're going up.
I, for one, am going to sleep. All in BTC. Good night, gentlemen.
What's that shit with coinbase? XD The fake orders guy pushed the wrong button?
[door opening] - Hey Mike, what the fuck? Where are the bids and asks? We're supposed to look like there's someone trading here! - Ooops... Sorry dude, mah bad. 'Ere, lemme fix it. See? All fine. Nobody noticed. - Fine, just be careful and don't smoke so much weed while at work. We're trying to do some serious business here. - Okay okay, I'll be good. [door slamming] - Jeez man, he really needs to relax sometimes. I mean, what's the big deal? It works, right? - Yeah dude... Works fine. You light this one up.
Taking into consideration our users interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.
DOOM
Wait, isn't that actually good news for the price? I see you guys complaining constantly that there are too many miners and thus the supply is bigger than demand. Am I missing something?
The supply is the same regardless of the number of miners.
Taking into consideration our users interests, the recent Bitcoin price drop, as well as the upscaling of the mining difficulty, CEX.IO Bitcoin Exchange would like to announce a temporary suspension of cloud mining services provided by the platform at the time of the next difficulty increase.
DOOM
Wait, isn't that actually good news for the price? I see you guys complaining constantly that there are too many miners and thus the supply is bigger than demand. Am I missing something?