All posts made by RAJSALLIN in Bitcointalk.org's Wall Observer thread
1.
Post 3696375 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.28h):
Mark my words. The Great Crash is coming.
I tend to agree...at least at a gut level....but if BTC is not just a speculative fad it will come back...or die like the TULIP it was trying to be....a market (assuming it survives) will always go back to its previous high may take a day or a decade...the key here is it can yo/yo all it wants ...what is the end game say 5yrs or more from now.....is it a beanie baby fad that passes....or a paypal/ebay/inet game changer
anyway....I'm mining now... may mine later..not sure about speculating on up/down...may just mine and hold...if in the delusion of my mind I can show that the miners at least paid for themselves "on paper" I can probably live with that .....comfort level wise....if i'm wrong I still have some gains..if i'm right ..then no need to be greedy...risk vs reward don't ya know..i'll still be way ahead.....
anyway noob comfort level 1 armor 1 weapon 1 loincloth is where i am with this game so far...
Bitcoin has already survived three bubbles. Why couldn't it survive another or 5 more? Seems to be something of a natural growth mechanism for bitcoin in the formation and puncture of bubbles. Also in the long run bubbles don't necessarily have to be bad since they will redistribute coins faster then if the price is just low volatile straight up.
2.
Post 3832879 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.32h):
Does this mean that Chinese will have a hard time buying bitcoins since there banks may not want to allow transfers to bitcoin exchanges?
I'm a bit confused over this statement since just a few weeks ago a representative from the central bank of China came out with positive signals on bitcoin.
3.
Post 3861251 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.33h):
There should be some support @ 480-500, if it breaks 475 or 450, it could go down to 100
Its not going to 100
4.
Post 3964593 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.38h):
Sometimes, repetition is the key to being funny. Mostly it's just boring.
Edit: What the, that was directed at fr33d0m1z3r or however he spells his nick - their post is gone, though. Is this thread being moderated after all?
Must have deleted it himself. I don't delete posts in this thread, except maybe malicious stuff.
2011, #bitcoin, those were fun times.
Bitcoin is definitely the most addictive MMO to date.
Reptilia is probably having one of his mania phases again. Hope it doesn't last too long.
Agreed about rpietila. He deleted like 8 posts of mine in his "OP moderated" threads in the Economics subforum. I just respectfully proved that his "RMB/USD" arbitrage is BS and instead of disputing that proof he went berserk and deleted all my posts. Bad sign. I hope his doctors are not watching.
yeah, he is in manic phase, and delusional. he spoke yesterday about bitcoin going to 400.
I have a feeling that he is the one who is throwing all those cheap coins away right now. just watch those stacks of coins being eaten at bitstamp.
I bet that he will show here later just to talk about his "magic".
I for one think he's extremely smart and knows what he's doing. Saying $400 is a possibility after the run up from $150 is far from delusional. As a matter of fact you people who think it's close to impossible seem delusional to me. Reminds me of how the gold bulls were acting in 2012. "Bubble isn't broken. Were going to the moon" despite a bull market of 12 years and pretty clear technical signals that gold had entered a bear market.
Edit: as a matter of fact pull up a chart of gold for the last 3 years and see if you think it resembles bitcoins last month or so. I sure see similarities.
5.
Post 3974555 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.38h):
Make or break time in china. Under 5k and we are in a bear market for sure
6.
Post 3975976 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.38h):
I predict we break down trhough support soon on high volume and then fall rather quickly.
Discuss
7.
Post 3976078 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.38h):
How are we supposed to crash with all these buyers, damnit.
Those buyers won't be available to provide support at lower price levels. Let the suckers buy high now, that's good for the bears.
There will be a lot more buyers in lower levels. Your argument doesn't have any logic whatsoever... Nobody thinks that bitcoin is dying. Everybody wants just to buy cheap coins to get as good seat from the train as possible. This all will change to panic buying after Loaded or some other big whale uses his USD plasma cannons.
No worries rpeila will easily take him out with his energy shields and then real action with light sabers begins.
8.
Post 3989433 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.38h):
If/when we breach this massive support on Gox and Stamp there will be a huge fall.
Discuss
9.
Post 3990453 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
What are you guys smoking? If this is true it's absolutely awful. Where were we before China came in? $150?
10.
Post 3990750 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
Why would the western whales dump?
I say FUCK CHINA. We know btc in Communist countries is a big NO NO. Lets move to India ..... where btc will shine for all the good reasons.
If btc stays in China, its just gonna be speculative trading vehicle.... where they will cause volatility.
At this stage, we dont want volatility.... we need market adoption to utilize BTC technology.
Sure, markets just have to come down first since China was the reason we saw these new highs.
11.
Post 3991080 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
I think we might visit 650 today, even if this turn out to be only FUD, it may make some early adopters think about collecting some profits, I am starting to think about cashing half of my bitcoins out, better something than nothing....
so you think we're maybe going to 650 and that's the reason to sell 50%? so you're selling 50% because you could have 825/660 = 20% of win in best case scenario? meaning 10% more to your coins and with how big risks?
big support is at 800 and market is oversold at the moment, just a good spot to give your coins to the whales who started this dip
well I bought my coins between $10-130 so yes I am willing to take that risk, I already sold, if the price gonna crash more I will have the chance to get more coins, and if the price will skyrocket it wont be that disappointing.
that been said, I didn't sell at 1200+ I didn't sell at 1000 and I didn't sell at 900, but watching the price dropping slowly makes me think it is good to take some profit now than regret it later .
i bought before $20 but that doesnt mean anything, that was past, ahead is the future, in this case the risk is way bigger than the possible gain so im sry for your likely loss
loss !!! I cashed only half of my coins, and guess what my buy average is around $70, I still made 10 more than I paid, still think it is a loss ? now I dont care which way the price is heading because it is a win win situation for me
likely scenario is that price goes up from here at least a little and that means you're losing with 50% of your stash, its an error to think when you bought, its an error to sell at oversold market
Lol you don't seem to know what you are talking about. This market is hardly oversold.
12.
Post 3992384 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
sold 60 BTC at avg 780 at stamp bounce, i was wrong earlier, but luckily my trading is not based on my predictions, but to reacting what happens
You just said at 820 we were very over sold. You really seem to have no clue what so ever. My advice to you is just stick to your coins and don't try any short term tricks.
13.
Post 3992490 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
sold 60 BTC at avg 780 at stamp bounce, i was wrong earlier, but luckily my trading is not based on my predictions, but to reacting what happens
You just said at 820 we were very over sold. You really seem to have no clue what so ever. My advice to you is just stick to your coins and don't try any short term tricks.
i said we were oversold not very oversold, there's a clear difference
Fair enough. RSI is not even close to oversold yet fyi.
14.
Post 3992528 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
Technically all exchanges look pretty darn bad, especially China. I think it's far from over.
15.
Post 3992573 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
sold 60 BTC at avg 780 at stamp bounce, i was wrong earlier, but luckily my trading is not based on my predictions, but to reacting what happens
You just said at 820 we were very over sold. You really seem to have no clue what so ever. My advice to you is just stick to your coins and don't try any short term tricks.
i said we were oversold not very oversold, there's a clear difference
Fair enough. RSI is not even close to oversold yet fyi.
depends on a timeframe
Well, also true. Talking about daily.
16.
Post 3992592 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
17.
Post 3992795 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
btw i sold 30 BTC more, now i have sold 90 BTC at avg with fees at $783.5
Well to be fair with you I think you are doing the right thing. Sry for being a bit harsh
np, we will see, im happy buying back at loss as always
well if you wait enough you wont be making any loss, it will be stable for some time here than it will drop again, either ways I am happy that I sold out half of my coins, I am not worried at all, I could buy back now with profit but I think we are still away from the low...
Yes but the low of the week or this hour? :-) China is already back up to 4720. So the news wasn't so terrible- yet.
China is only up 100 rmb of the low and it's not a convincing low.
18.
Post 3995392 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
we may re-bounce back a bit higher, more bids will gather up and another dump will follow, this will keep happening until we come around 550, than we will see what will happen.
+1
19.
Post 3996021 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
well it is still early
the next dump will be even harder it will bring us lower than 600, I am still not buying it ...
+1 again
20.
Post 3996149 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.39h):
China already went bellow the dec 7th low. New lows coming on Gox and Stamp me thinks
Discuss.
21.
Post 3998667 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.40h):
definitely going to new lows. so bellow 540 @ Stamp
Discuss.
22.
Post 4006479 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.40h):
New lows coming on Stamp and Gox.
Discuss.
23.
Post 4012427 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.40h):
btce and gox are going down while stamp and china doesnt care
As of yesterday, they are all going up, and all going up fast, turbulence is expected, aka weak hands
Lol you are dreaming if you think this is a fast rise
24.
Post 4014733 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.40h):
Looks to me new lows are coming tonight.
Discuss.
25.
Post 4014809 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.40h):
Looks to me new lows are coming tonight.
Discuss.
i hope your right.
if not tonight maybe tomorrow or in a few days,
you gata love the bear market! it doesn't last forever.
Haha you seem to like it even more than me. Are you all in fiat? I'm still heavily in coins just that I let about 20% go at 900. Thought it was fairly obvious technically that this was coming. I know it's easy to say it in retrospect but if you've spent a lot of time looking at charts you kind of get a feel for these things. I have to say though swing trading bitcoins like this is way harder for me compared to stocks or futures. Much harder selling some coins when you have a good sense of what they are really worth.
26.
Post 4014851 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.40h):
Looks to me new lows are coming tonight.
Discuss.
i hope your right.
if not tonight maybe tomorrow or in a few days,
you gata love the bear market! it doesn't last forever.
Haha you seem to like it even more than me. Are you all in fiat? I'm still heavily in coins just that I let about 20% go at 900. Thought it was fairly obvious technically that this was coming. I know it's easy to say it in retrospect but if you've spent a lot of time looking at charts you kind of get a feel for these things. I have to say though swing trading bitcoins like this is way harder for me compared to stocks or futures. Much harder selling some coins when you have a good sense of what they are really worth.
That's my problem.. i believe in the idea and get too emotional about letting them go
Yeah to be honest I don't think it's wise trading bitcoins at all. I just couldn't resist this time but it will probably be my first and last. Better trading other things that don't trend towards the moon and just save in bitcoins.
27.
Post 4022962 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.41h):
Well we are close to bottoming. Think there is about one last wash or two left then we go up. Could linger here for a few hours but don't think days. Bought back most of what I sold at 900 and 1100. Still some last bids left.
Discuss.
28.
Post 4023049 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.41h):
Well we are close to bottoming. Think there is about one last wash or two left then we go up. Could linger here for a few hours but don't think days. Bought back most of what I sold at 900 and 1100. Still some last bids left.
Discuss.
Yeah, basically several billion humans found out today that they are not allowed to invest in bitcoin exchanges. I do not think we have hit a bottom.
Discuss.
You are over reacting. The market has fallen a lot already. People are getting bearish in hear as well. Kind of funny how everyone was bullish here a few days ago when we were at 900. Yes that was prior to Chineese news but technically it looked awful. You must understand that the price drop has de-leveraged the risk quite a lot now. Technically we look much better off now than 3 days ago.
Discuss.
29.
Post 4023114 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.41h):
Technically we look much better off now than 3 days ago.
Technicals, schmechnicals. This is 100% mass psychology.
Discuss.
Hehe I've basically called this drop exactly how it's happened using technicals. If you want to trade using mass psychology be my guest. If you want to sell some coins to me now I'll buy them.
Discuss.
30.
Post 4023175 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.41h):
Well we are close to bottoming. Think there is about one last wash or two left then we go up. Could linger here for a few hours but don't think days. Bought back most of what I sold at 900 and 1100. Still some last bids left.
Discuss.
Yeah, basically several billion humans found out today that they are not allowed to invest in bitcoin exchanges. I do not think we have hit a bottom.
Discuss.
You are over reacting. The market has fallen a lot already. People are getting bearish in hear as well. Kind of funny how everyone was bullish here a few days ago when we were at 900. Yes that was prior to Chineese news but technically it looked awful. You must understand that the price drop has de-leveraged the risk quite a lot now. Technically we look much better off now than 3 days ago.
Discuss.
You bought back too early.
Most likely true. But I'm happy with the more than $400 price difference I got. A little bit more isn't going to make a huge difference. Plus when we do bottom we are most likely going to go up fast so hitting the exact bottom isn't easy.
Discuss.
31.
Post 4027581 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.42h):
I have a good feeling about this bounce
How and why? Just like people have a good feeling about the next spin of the Roulette?
Roulette is pure luck
So is this.
is it?
wait and see,
I have a good feeling about this bounce
not that i would EVER trade on emotion....
Adam, ot seems I was correct yesterday. We did see new lows during the night. Got all my buys filled, including one at 385. Now we can go up.
Discuss.
32.
Post 4028254 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.42h):
Those are American bottoms.
Discuss.
33.
Post 4030902 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.42h):
Next bottom will be in the $250-$300 range. Then rebound up to $500-ish. Finally, crash down to $100-$150 before end of year.
I strongly disagree.
Discuss.
34.
Post 4030953 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.42h):
Next bottom will be in the $250-$300 range. Then rebound up to $500-ish. Finally, crash down to $100-$150 before end of year.
I strongly disagree.
Discuss.
Do you not see us retesting the low?
Perhaps retesting the low. Maybe a bit lower. But not 100-150 for sure. Not close to 250 either. My main guess is that lows are in though.
Walsoraj, you didn't explain why you believe what you said. Why should I explain myself if you don't? As for calling me an idiot, how old are you?
Discuss.
35.
Post 4031016 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.42h):
Next bottom will be in the $250-$300 range. Then rebound up to $500-ish. Finally, crash down to $100-$150 before end of year.
I strongly disagree.
Discuss.
You know, I find ending posts with "discuss" to be really arrogant and annoying
Would you feel the same way if we were at 1200?
Sorry if I offended you.
Discuss?
36.
Post 4031036 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.42h):
Alright I'm out of here. Too much time. Gl everyone and don't worry bitcoin will be going to the moon.
Choo choo
Discuss.
37.
Post 4209518 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.48h):
I've been reading here a bit and try to follow rpietila since I think he is one of few here that really has the experience and the balls to follow his knowledge. Fwiw I think he's putting to much weight in the logarithmic trend line. I'm not sure if he is basing his bear call on other technicals but if he isn't I think it's a mistake. As of right now I'd say technicals are looking much better then they were before the dip bellow $500. I don't know why I'm posting this. Guess I want to give rpietila some support for his skills but at the same time spank him a bit if he's making this bear call only on the basis of the log trend line.
Discuss.
38.
Post 4328312 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_11.51h):
I recall rpietila prediction about going to 800 than crashing all the way down to 400 and staying there for some time, I really want to hear his input about the late events, because you all trashed me because of being a bit aggressive about of his prediction
he logs everyday and he doesn't post a single word, if you are reading this I am still interested on your fancy predictions and especially the way you drag the noobs by bragging about the expensive cigars and the money you have...
Didn't he promise not to post before $350?
Well he's broken that promise if so. He accurately predicted the fall. So did walsoraj. He also invited us to "JOIN THE BEARS," the first time it hit 900. Of course anyone who did so would have missed the run up to 1200, though still could have bought back in and increased their position true if they were patient.
I don't blame Risto for his predictions. He was basing them on a log-linear line in the growth adoption curve. He may very well be readjusting that because it appears we are on a much faster growth curve as seen on these charts:
https://bitcointalk.org/index.php?topic=322058.msg4227521#msg4227521Just as I said before I respect Risto and think he is extremely talented but to make trades based only on the log curve is wrong. But it's very likely he used other parameters as well. Anyhow as the professional he is he's likely to make new predictions daily and in so he might already have bought back as far as we know.
Discuss.
39.
Post 5176672 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_12.10h):
I don't understand can someone please explain why people are selling at these prices at Gox? You can't get fiat out there anyway so why not keep your btc and hope for Gox allowing btc withdrawals soon? I don't get it.
40.
Post 5179572 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_12.11h):
So the people selling on Gox are most likely selling out of fear. They think it's going to 100, 10, 1 or zero. Have never been in the choo choo group but now is the time to HODL or even BYU if you have funds on Gox. This is crazy.
41.
Post 5180123 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_12.11h):
Every attempt to climb higher on Gox seems to be fought back with sells in the range of 40-70btc in to the market. Who has all these coins? What are they thinking? Really strange.
42.
Post 5354937 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_12.19h):
Amazing. Gox is finally gone and it still manages to crash Bitcoin.
This is all EW territory... what are you talking about! The news adjusts to fit the TA.
Agree witht this
43.
Post 5851639 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_12.28h):
Usually drop by here a few times per month since nov last year. I think sentiment has never been as bad as now. During the crash in December and now the last crash sentiment was more "oh no it's going down but that's alright since now I can buy cheap coins". Now I'm seeing more and more of the "bitcoin is broken for ever" sentiment. Take it for what it is but I find it interesting.
44.
Post 9093428 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_13.20h):
I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.
Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.
Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.
When you think about it, Bitcoin is a real threat for economy in a given society, when the value goes up that fast ( as you claim it will) many people will be leaving their daily productive jobs.... and when thinking about mass adoption I start thinking about a bunch of greedy lazy bastards.... this surely will result to the collapse of that society.
Thankfully, after being home for 7 months now, I started looking for a job.Very much the opposite. The falling global economy will create massive unemployment so a few new millionaires won't have an affect. If anything they will make things better since they won't end up being welfare cases and they might even create some new jobs (Risto already has).
45.
Post 12896458 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_14.32h):
up?
Of course.
I was thinking that maybe some of the people that are bidding on the auction this morning will wait until it is over to buy more and that might start our next little rally (or big rally hopefully) after 18:00 UTC which is in an hour and a half.
so bidders are bidding, probably a good turn out this time since it's the last one. not as many coins this time too. which means more losers, which means more buying pressure after the auction, we should be at 520 tomorrow when the winners are announced, no reason we should let the losers buy coins for anything less. then to the moon because, no more 50K BTC auction every couple months = that much more buying pressure on the exchange. and where does the selling preusser come from, judging by recent market movements ( CCMF style run up ) bears are flat out of coin, and it's up to bulls like me to try and determine what is to "high too fast" (like i did last night, when i sold and bought lower )... if bulls are the only sellers left.... we're going to the moon, if we're going to the moon we might as well plan a trip to mars, call obama, it's time.
Nice theory but the auctioned coins are not much compared to the newly mined coins (about 3600coins/day). How often have they auctioned coins? Three times per year? You do the math..
46.
Post 13663233 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_14.42h):
It is the [use cost] that need to be increased!
Said no successful business in a competitive market anywhere.
Longterm Bitcoin has to gather enough fees to survive, without fees no miners.
Or in your business language: We can give away our product for free, said no successful business ever.
by long term you mean a couple of years from now ? or when the block reward is almost zero ? we have to define what is long term first then we can discuss what is right.
longterm i mean when blockreward is zero, yes. nevertheless we should already be aware of that fees are not something "evil" but overall necessary. its a balance between allowing 0-fee transactions to process, while still having enough pressure to have some fees paid.
Doesn't the increase in hash rate despite being lower in price than the 2013 high suggest it's way to early to discuss increasing fees? Yes there is the halving coming but why would it be any different from the ones before. Let bitcoin really grow before touching fees.
47.
Post 13857978 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_14.43h):
Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.
This time, I think I agree, but whatevs.
No offence Aminorex but your monkey doesn't seem to know what he's doing lately. Also he thought bitcoin was broken just a week ago. What happened that changed your monkeys mind if he is bullish on a multi month scale?
Think it might be time to put your monkey to sleep.
48.
Post 17470108 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.01h):
is crypto done??
In China it looks like that. On previous corrections it took several gradual corrections to break critical support, now it's like hot knife through butter...
But didnt you say a dump to 660$ was about to happen these days? If so its expected market behaviour
Not so sudden, this is abnormal.
Nothing is abnormal about this. Corrective wave. Bitcoin isn't dead. Wake up
49.
Post 17470327 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.01h):
What's pulling the rug out from under BTC price..... all gains from last few weeks slipping away
China ban bitcoin
50.
Post 17474604 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.02h):
No we should thank them. They are cleaning up their exchanges and at the same time the risk of China baning bitcoin is highly reduced. If you wanted bitcoin to ever succeed this was the best that could happen imo
51.
Post 17474845 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.02h):
I don't think market behaviour like this will look too impressive to the SEC pondering ETFs right now. Bitcoin has lifted her skirt to reveal a sloppy pussy, or double dick arrangement, or even BOTH.
Yes. But having the Chinese regulate their exchanges cleans that pussy up (to use your retarded analogy).
The chinese exchanges were a systematic risk. It was even mentioned in some of the comments to the SEC that the exchanges could be used to manipulate the price. Clean that up and all of a sudden we have a greater chance of being aproved.
52.
Post 17475187 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.02h):
No we should thank them. They are cleaning up their exchanges and at the same time the risk of China baning bitcoin is highly reduced. If you wanted bitcoin to ever succeed this was the best that could happen imo
Care to elaborate please ?
Well, I think the market has been worried of a full ban by China. China making bitcoin illegal or in some other way putting in some kind of ban to reduce capital flight. If the Chinese governement actively seek to control the exchanges in order to make them comply there isn't any reason for them to clamp down further. Yes there will be less capital flight buying but since that was anyhow a zero sum buy/sell it probably won't make a difference. What the Chinese can still do is buy bitcoin as a store of value and that has the potential to drive the price much higher.
Then we had the risk of these rogue exchanges being used to manipulate the price (both up and down) which was bad for volatility and overall trust in btc.
Finally there is the point of the SEC that I mentioned.
53.
Post 17475438 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.02h):
Yes there will be less capital flight buying but since that was anyhow a zero sum buy/sell it probably won't make a difference. What the Chinese can still do is buy bitcoin as a store of value and that has the potential to drive the price much higher.
The BTCC CEO said it's unlikely bitcoin is a big route for capital flight in China because of all the fees involved in buying bitcoin, withdrawing it, then selling it abroad, and withdrawing fiat.
He says it's more store of value to hedge against the crashing Yuan. When Trump gets into power there is speculation his high import tax of Chinese goods policy could devalue the Yuan further, which could pump bitcoin further.
I agree with this.
54.
Post 17481157 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.02h):
With the new law in it, it seems that a complete decline has begun to emerge, and this decline will not be a rise anymore. Now we have to wait for a time like June or July. Then the bitcoin can rise up again. Now it's just time to get some more bitcoins.
This is contradictory. If you believe in further decline then now is NOT the time to get more bitcoins
55.
Post 17628034 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.02h):
looking the buy orders on Kraken i smell incoming panic buy i would say...
i keep looking the buy and sell orders for quite a long time now and if i am correct we will start upwards trend from today for long period of time (i not comment the up and down of ~20 euro)
looks to me that people start realize that with BTC they can change their future and i am happy about that.
Hahaha love how you think you can predict the market on a longer time frame by looking at the order book.
56.
Post 17869421 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.03h):
Nice to see some movement. Let's hope this is a proper leg up. It's about time.
It's about time you get a leg up with a weekly RSI over 70???
You guys don't know what you are talking about.
Also the bullishness here speaks for down movement.
57.
Post 17869794 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.03h):
Nice to see some movement. Let's hope this is a proper leg up. It's about time.
It's about time you get a leg up with a weekly RSI over 70???
You guys don't know what you are talking about.
Also the bullishness here speaks for down movement.
Weekly RSI is supposed to trend above 70
'16 May - Jun -------- weekly RSI > 70 ---- $430 ----> $780
'16 Nov - '17 Jan ---- weekly RSI > 70 ---- $720 ----> $1160
today ----------------- weekly RSI > 70 ---- $1000 --> ...
Using past examples where the RSI went higher than 70 has absolutely no significance. RSI over 70 is overbought period.
Don't have time to get into stupid arguments that waste my time. Leaving again for better and more intelligent places.
58.
Post 18141450 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.05h):
Seriously though why did we get this excessive selling? Nothing went wrong with bitcoin, just the ETF not coming for now. I understand a correction but this was massive.
This was nothing. Expecting more
59.
Post 18141456 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.05h):
The FED's going to raise the rate on Wednesday. That should compensate for the ETF rejection and stabilise Bitcoin's price.
That's already known by the market so already in the price
60.
Post 18215747 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.06h):
Wow. I just got home and I see we're in the middle of a shitshow.
Someone's obviously spending a lot of money to try to start a panic. It seems to be driven by Finex. An attempt to margin call?
Margin trading is a way for brokerages, exchanges, etc. to shake down the rubes. A classic example was last Friday with the flash spike to an ATH in the morning, margin calling many shorts, followed by the flash crash down under $1000 after the ETF decision, margin calling many longs.
Those prudent enough to have appropriately placed bids and asks could have sold for over $1300 in the AM and bought for under $1000 in the PM and made a tidy profit. Margin trading is for suckers.
When the price dipped down under $1150 a few minutes ago, it was close to what I'd consider a buyable dip. Now it's creeping back up a little but I'll keep a close eye on the price and carry enough cash to run out and buy some more.
I never got the bucks I was expecting on Sunday but have been emphatically assured I'll get my money on Monday after a 5-banking-day hold is lifted. I think I can spare enough to buy a half a coin without leaving myself too cash strapped over the weekend. Half a coin is better than no coins at all.
Let's see how this little dip pans out. I've got until midnight (4:00AM UTC) to decide.
Oops. We seem to be going down again. How low do we go?
Save your money. Sounds like you are close to all in. Not good
61.
Post 18251099 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.06h):
Sounds to me like you actually did panic
62.
Post 18252732 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.06h):
Yes we can give bitcoin time to grow and develop but the big risk is that an altcoin with better tech takes over and shoots bitcoin down to myspace status of cryptos. And tbh that's what we are already witnessing. Yes it's an alt pump but it will continue if bitcoin doesn't get its shit together.
63.
Post 18905401 (copy this link) (by RAJSALLIN) (scraped on 2020-04-04_Sat_15.09h):
One of the worst "bitcoin is dead" articles I've read
