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fr33d0miz3r
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March 28, 2014, 10:55:30 AM |
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Why is everyone still following Huobi with their goddamn fake volume?
Trader at stamp:
"Oh look, Huobi is going down, I guess I have to click the sell button, fast!!!"
That's what Huobi is created for. |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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March 28, 2014, 10:55:49 AM |
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Why is everyone still following Huobi with their goddamn fake volume?
Trader at stamp:
"Oh look, Huobi is going down, I guess I have to click the sell button, fast!!!"
well maybe because people at huobi also rather sell them coins to stamp or wherever price is still a little bit higher - until it followed huobi's price because of that same selling pressure. its a loop!  |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 10:59:34 AM |
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smart money is buying coins on Huobi, and selling them on stamp asap. the arbitrage is huge. no doubt it'd been going on all day.
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Todorius
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March 28, 2014, 11:00:11 AM |
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You guys are right, but it's brutal to watch.
I'm looking forward to the day when Huobi et al. will follow Gox into the graveyard of BTC exchanges in the not too distant future.
It will be a wonderful time!
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 11:04:05 AM |
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magicmexican
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March 28, 2014, 11:05:44 AM |
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Nice reverse head&shoulders @15min chart
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 11:07:48 AM |
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Nice reverse head&shoulders @15min chart
... If it could just try 520 again, I might get some really good sleep. Its tough buying at the bottom. |
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GameStarter
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March 28, 2014, 11:13:54 AM |
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i guess Huobi want to show us that 3000 is the new resistance
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 11:19:42 AM |
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nope, no panic under 3000..... just like Bitstamp and BFX have been feeling around 495 for a few hours.
I got a good feeling about this.
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minerpumpkin
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March 28, 2014, 11:21:08 AM |
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When people are complaining and saying "its not cheap yet" after missing a bottom its usually a dead on indicator to buy
yeah exactly, and especially so many people looking to buy at 300-400. for that reason alone it cannot reach that price. You're in since November? I thought/feared the same thing after getting in after the "popped" bubble in May and saw a steady decline for months. Turns out, this "slow death" has happened quite a few times before and is considered "normal' in bitcoin land. We're still at about 25x of where we've been this time last year. |
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magicmexican
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March 28, 2014, 11:23:24 AM |
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nope, no panic under 3000..... just like Bitstamp and BFX have been feeling around 495 for a few hours.
I got a good feeling about this.
 "I feel good today, Silent Bob, we're gonna make some money" |
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bangersdad
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March 28, 2014, 11:26:46 AM |
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When people are complaining and saying "its not cheap yet" after missing a bottom its usually a dead on indicator to buy
yeah exactly, and especially so many people looking to buy at 300-400. for that reason alone it cannot reach that price. You're in since November? I thought/feared the same thing after getting in after the "popped" bubble in May and saw a steady decline for months. Turns out, this "slow death" has happened quite a few times before and is considered "normal' in bitcoin land. We're still at about 25x of where we've been this time last year. i bought my fist bitcoin on 9th March last year - and i still have the price i bought written on my whiteboard - £32.99 it just puts it into perspective to where we are now. |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 11:27:10 AM |
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When people are complaining and saying "its not cheap yet" after missing a bottom its usually a dead on indicator to buy
yeah exactly, and especially so many people looking to buy at 300-400. for that reason alone it cannot reach that price. You're in since November? I thought/feared the same thing after getting in after the "popped" bubble in May and saw a steady decline for months. Turns out, this "slow death" has happened quite a few times before and is considered "normal' in bitcoin land. We're still at about 25x of where we've been this time last year. whats important is the change in sentiment, not the sentiment its self. I have never had such a hard time convincing people to sell at 750. no, it was moon time then. now, it's time for cheap coins, and I say, nay, wrong once, wrong twice. the herd will lose. |
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TERA
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March 28, 2014, 11:28:13 AM |
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I think bitfinex is doing that thing where it accidentally shows the dark orders. That 1K buy is not on stamp.  |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 11:36:41 AM |
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small scale double bottom, stamp is getting warmed up to 500s again. likely to find a happy spot at 520 soon.
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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March 28, 2014, 11:38:29 AM |
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I got a good feeling about this.
Yeah...bugger all that EW nonsense...fall back on wishful thinking   |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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March 28, 2014, 11:41:14 AM |
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I got a good feeling about this.
Yeah...bugger all that EW nonsense...fall back on wishful thinking LOL im not falling back on anything. it's all playing out fine. ya know, elliot wave analysis has fundamental explanation, it's not witch craft. It's not all about charts either, an EW analyst is also fundamentally involved, or is not an EW analyst. we are all about panic selling, it's the same every time, old as the hills. |
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magicmexican
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March 28, 2014, 11:41:22 AM |
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greedy "i missed the bottom hoping for the 2nd chance" bears will give up soon
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GameStarter
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March 28, 2014, 11:57:25 AM |
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greedy "i missed the bottom hoping for the 2nd chance" bears will give up soon
same here |
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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March 28, 2014, 11:58:33 AM |
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I got a good feeling about this.
Yeah...bugger all that EW nonsense...fall back on wishful thinking LOL im not falling back on anything. it's all playing out fine. ya know, elliot wave analysis has fundamental explanation, it's not witch craft. It's not all about charts either, an EW analyst is also fundamentally involved, or is not an EW analyst. we are all about panic selling, it's the same every time, old as the hills. I know you are an EW expert but I've done my own research and study into it as well as TA and in traditional markets I believe they are very useful tools. But BTC is very sentiment driven (check my profile I did a LOT of homework before I even started posting never mind bought a coin) and often behaves contrary to what traditional analysis 'predicts'. For me one of the fundamentals of TA (or EW) is the bid sum ---its so simple but as humans we love to over complicate things --- right now the bid/ask ratio is 1:2.35. I don't need to explain that to you but its a scary figure yeah? "But gosh Creekbore, that can change any moment!" Yeah, our fairy godmother could pop in and buy a couple of mill BTC....or maybe not :/ The trend over the last three months has been a declining bid sum and an increasing ask sum -- investors want to leave the market and there is no new investment. It's that simple. I REALLY wish it wasn't so (then I could make some money too)...but we are heading for a deep and protracted bear market. |
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