Plenty of buy orders in the queue, should trade sideways or marginally increase over the next two hours.
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Plenty of buy orders in the queue, should trade sideways or marginally increase over the next two hours.
Quote:
Originally Posted by Sanlmar
dont forget that paypal is going to go live with btc integration soon, which is going to blow shit up.
There are still a fair number of people who bought this thing over $900.
They are hurtin.
Quote:
Originally Posted by DirtyBI would have to read Chinese to know for sure, but from the way I read your linked page- that's still completely cool. What the government forbade was the banks themselves from owning bitcoins as reserve holdings, the way they hold Euros or Dollars. I don't think it would make a ton of sense for them to do that anyway, since the amount of money involved just isn't large enough.Quote:
Originally Posted by sonatine
maybe youre confusing the physics of economy with the psychology of crypto currency investment. they share a sliver on the vend diagram but really, look what we are talking about here.
gox is getting its silly shit pushed in.
It really needs to close below $1000 to ruin what has been a remarkable chart.
Wonder what happens when the US logs in this morning.... I cannot imagine there will be serious buyers here.
The big boys may play games though
Volume has dropped right off, and again the sell orders are double the buy... about to drop again I reckon.Quote:
Originally Posted by Sanlmar
Inverted W guys? Looks ominous
Yup, just broke
Fell off the cliff. Wish you could trade this like a legitimate security on Tradestation
I've been buying and selling most of the day. Just some coins I personally mined. :)Quote:
Originally Posted by Sanlmar
I'm still pissed off I sold 1/2 my coins right after SR was closed. Have been riding the waves and nearly have them all back. :)
Ron Paul-Bitcoin could destroy the dollar
http://money.cnn.com/2013/12/04/tech...n-libertarian/
The Chinese don't trust their own government, which is one reason
that this ban by their government will have no effect.
:kermit
Ron Paul has been predicting hyperinflation for the past 25 years- the period of the lowest inflation in US history.Quote:
Originally Posted by TheXFactor
Now they're up 17%.Quote:
Originally Posted by Sanlmar
things look depressingly stable.
Yup, very healthy inter day pattern. Just broke out to upside.Quote:
Originally Posted by sonatine
Much regret that I did not sell below $900. I have had two opportunities recently and decided to let the short run.
I expected even more capitulation given my feeling that this is nothing but a pure speculative bubble. It's recovery both times has caused me to think there actually may be some fundamental basis for these price levels.
I am a pattern trader. I trade what I see. I don't try to be the smart guy with all kinds of fundamental research and opinions. I am not the smartest guy in the room and no trader is privy to all the real information anyway. The truth is revealed in the price.
The price action is more than just bubble speculation inmo.
This is disappointing.
$1100 is new support. It wants to test $1200.
My short is from $1180. 5 BTC left.
I will buy to cover at $1090 if I am lucky. I will also buy to cover at $1190.
This thing is acting pretty strong. I feel like I am getting shaken out of my short but I will live to fight another day.
I'm out at $1083Quote:
Originally Posted by Sanlmar
11/28 Short 10 BTC $1180
12/2 Buy to cover 5 @ $952 +$228 x 5 = $1140
12/5. Buy to cover 5 @ $1083. +$97 x 5. = $485
I'm done with this.
dropping quick
now in the low 900's