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Breaking news - Bitcoin Is Tanking!!


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123 replies to this topic

#106
TheRobin

TheRobin
  • 1098 posts

intersting explanation/summary of the latest BTC events http://bitcoinmagazi...-economic-zone/



#107
Bulbasaur

Bulbasaur
  • 62 posts

Thanks, that seems like a much more levelheaded analysis than most of the headlines I've seen. I also just came across this, which gives a similar assessment:

 

http://www.reddit.co..._nobody_in_the/



#108
Rob_Ilir

Rob_Ilir
  • 146 posts

Thank you for the info Bulba. In that graph, did you put the red and blue limit lines or can I too find it like that somewhere?



#109
Bulbasaur

Bulbasaur
  • 62 posts

I'm not quite sure which lines you're referring to, but I got the chart from bitcoincharts.com. 

 

http://bitcoincharts...za2gEMAzm2g21zv



#110
zg7666

zg7666
  • 240 posts

I've just found this.

 

https://images.weser...1466910.png



#111
TheRobin

TheRobin
  • 1098 posts

where does that down-arrow come from? (I mean how do the chartmakers base their prediction on?) Or is this more basic trader knowledge/methodology?



#112
zg7666

zg7666
  • 240 posts

pennant forming in traditional Tehnical analasyis should mean we go down more... but again, it is just TA. They see the market as 80% psychological. http://www.investope...calanalysis.asp  or https://en.wikipedia...hnical_analysis

 

Posted Image



#113
zg7666

zg7666
  • 240 posts

"Alleged" news from China on Weibo that Chinese banks are banned from funding BTCChina.



#114
Ruben Z

Ruben Z
  • 470 posts

That is still pretty dam expensive. I fought it went down to $30 or something like that . 

 

Perhaps today  ... 



#115
J-William

J-William
  • 1372 posts

"Alleged" news from China on Weibo that Chinese banks are banned from funding BTCChina.

BTC China (the worlds's larget exchange) says they are temporarily suspending CNY deposits.

I needed about $200 in my US bank account and figured out that Bitcoin was the cheapest and easiest way to do that... and after I transferred the money the Chinese government realized the same thing.

 

I'm not sure I should feel smart, or not...



#116
FreedomPhilosophy

FreedomPhilosophy
  • 304 posts

The November rally didn't have significant volume behind it, December has been about profit taking from those latecomers. The important price action is around the $100-$250 price range, and that will probably be tested again if the $460 low doesn't attract more interest.



#117
zg7666

zg7666
  • 240 posts

http://www.reddit.co..._btcltcxrp_etc/

 

BTC38.com accepts CNY for BTC.. LTC.. etc. - I am not sure, looks quite shaky to me.

 

That is probably what is behind this rally, for now.



#118
FreedomPhilosophy

FreedomPhilosophy
  • 304 posts

So, that $460 area attracted a lot of buyers! Here's my post-mortem of the "bubble" hypothesis. Bitcoin has tanked quite a few times before, it's nothing new.



#119
zg7666

zg7666
  • 240 posts

http://www.coindesk....-bank-deposits/

No price impact so far. Probably because of Chinese new year. 


#120
zg7666

zg7666
  • 240 posts

Yesterday, Jeff Berwick of the The Dollar Vigilante wrote: Rumor from quite reliable sources telling us that things are about to get very ugly at Mt. Gox. Stay Tuned. "Being told if you have a small amount or nothing on Mt Gox but have an account to just delete your account. If you have a large amount it is up to you."



#121
TheRobin

TheRobin
  • 1098 posts

I'm not quite following that: Why is it necessary to delete an account with nothing in it?



#122
Wesley

Wesley

    Self-Excavator

  • 1412 posts

Yes, I do not understand this either. Either the small amount will be gone or not or the empty account will be gone or not. I dont understand the problem.



#123
zg7666

zg7666
  • 240 posts

Today he said: [color=rgb(51,51,51);font-family:'lucida grande', tahoma, verdana, arial, sans-serif;font-size:12.727272033691406px]Remember when I warned it was going to be a bad week for Mt. Gox a week ago? This is what I was talking about (good sources). They may also go after Mt Gox clients in a "money laundering" (aka not wanting to be extorted) manhunt. [/color]http://www.maxkeiser...gox-subpoenaed/



#124
J-William

J-William
  • 1372 posts

I think it's promising that the two largest bitcoin exchanges have experienced government problems. BTC China not being able to take deposits and Mt.Gox having the evil eye of Sauron turned their way...

 

and yet bitcoin is still going strong!  :woot: