Looks like Bitcoin moved down slightly today. Interesting, Bitcoin is being very volatile these last few days. I hope the upwards movement will continue, but it also might not at the same time.
Anything's better than the deadly dull endless sideways movement we have to endure from time to time. Zero volume days when half a Bitcoin moving is the most we have to talk about is boring. Volatility is exciting and brings this thread to life. Zero volume days = whole pages of nothing bit chart buddy posts.
Now prices are below 260 even on Bitcoin average
We were supposed to be around 300 right now, what happened?
It could be end of the month dumping from miners who get their electricity bills at this time. They have no choice but to dump before the electricity company starts making threats to cut off their power supply. The next week should be interesting if they continue to dump.
has there ever been a better reverse indicator?
You did a great job predicting this crash two days ago, then you ruined it with your "450 will hold" post. The Adam reverse indicator doesn't work every time, especially if you make two contradictory predictions close together.
hitting that 465 resistance again and again, who the fuck is nutty enough to break and buy through it? we should head down.... can't paint TOO many bubbles
I don't understand why it's crashing. Peonminer said due to the Heikin Ashi ID with EMA 20 there would be no more chances to buy below $465 for a long time. WTF is the Heikin Ashi ID with EMA 20, besides useless?
here we goooooooooooo, 520 now!
pump up that music play it to load
and ready your fiat!
adam 520 what?
Are you talking euros?
The price can do anything. I remember after the first Gox coin auction it crashed, then after a subsequent auction it pumped, although everyone was expecting it to crash like the first time. There was a crash after Bitstamp reopened after its hack, and Adam might be expecting a similar crash now Bitfinex has reopened. However, it might do the opposite like with the Gox coin auctions.
We're going to keep hearing "Chiba bans Bitcoin" until they actually do.
I do not want to be a dick, but this is a really good read about all this China FUD
http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.
Just a thought.
There's another really good read about all the FUD here.
It explains it was FUD then points out that during bull runs these fake China bans Bitcoin stories often appear in the news, but it never gets banned. Zerohedge lost some credibility in return for making some money from shorting. That's the real reason it published that FUD.
https://news.bitcoin.com/reports-china-bitcoin-exaggerated/Furthermore historically when the price of Bitcoin rises stories of China and other countries banning Bitcoin have appeared in great number. When Bitcoin was on a tear in 2013 reaching close to $1150 per BTC, these stories came out often. Publications like Bloomberg reported on China cracking down on Bitcoin as well as Forbes, the New York Times, and many others. Typically when these reports published, the price took a dive, but government officials banning Bitcoin never materialized.