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Jan 17, 2018 14:08
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Business posted:It seems like, looking at the chart, there was another gigantic high volume period right at 10,000. So it's what, either a million limit orders being sent through or some type of price manipulation? that's why there was so much volume and why it bounced so hard there if 10k breaks again today then i don't expect the same thing to happen, it will likely proceed to 9k Uranium 235 fucked around with this message at 14:20 on Jan 17, 2018 |
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Jan 17, 2018 14:12
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Uranium 235 posted:it was the break of an important psychological price level after a very deep selloff. people were sitting on the sidelines with cash and buy bids under 10k while they waited for a break of 10k to trigger a bunch of stop losses Glad you're okay, only sane Bitcoin speculator
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Jan 17, 2018 14:19
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I would imagine we should soon start seeing huge gaps between tether/non-tether exchanges. The pool of suckers can only be so deep.
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Jan 17, 2018 14:22
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Panadol posted:Unfortunatly, I think the chicken nuggets story is from a 4chan meme Yeah it’s old as gently caress.
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Jan 17, 2018 14:29
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The absolute best thing about this is that instead of using traditional investing methods and benefiting from a 25% ytd stock market boom, nerds are losing their shirts on Chuck E. Cheese bucks.
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Jan 17, 2018 14:32
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Reading all these stories makes me very  and feeling good about being boring and paying down loads of debt and building up a solid savings rate. I can look my wife in the eye today. No slapping chicken nuggets out of anyone's hands.
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Jan 17, 2018 14:37
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Jan 17, 2018 14:41
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Is bitconnect another mt gox? What is FUD? Can someone esplain what happened yesterday? I see something about bitconnect closing. Did they take a bunch of BTC with them? Can I buy starbux w/ bitcoin yet?
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Jan 17, 2018 14:46
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Uranium 235 posted:it was the break of an important psychological price level after a very deep selloff. people were sitting on the sidelines with cash and buy bids under 10k while they waited for a break of 10k to trigger a bunch of stop losses. also, round numbers tend to be places that people stack a bunch of bids/asks, so you have to have high volume to move through those price levels Just hit 10,000 again and immediately jumped 100 points on gigantic (2-7 BTC) orders. I think they're being spoofed but admittedly I'm kinda hoping for a crash
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Jan 17, 2018 14:47
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Waltzing Along posted:Is bitconnect another mt gox? What is FUD? Bitconnect was a even more blatant ponzi that promised 1% gainz a day, so not quite a mt gox, just a bunch of dipshits who thought they could time the collapse
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Jan 17, 2018 14:47
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deadwing posted:Bitconnect was a even more blatant ponzi that promised 1% gainz a day Oh. Also, what are the chances of a lot of those 10k buys being people who just have it set and aren't aware it is crashing?
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Jan 17, 2018 14:48
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Every bounce off 10k gets weaker and the sell wall gets lower. Someone tether this poo poo up because it's looking haggard as poo poo.
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Jan 17, 2018 14:56
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This is what’s called resistance in real trading. It’s a combination of round numbers and various price points. People will set limit buy/sell orders at say, a stocks previous all time high, or if its trading at $43.45 for example, there might be a bunch of limit sell orders at $45 and $50. So if the previous all time high was $48.76 and the stock is at $43.45 then there will be resistance at $45, $48.76, $50, etc. Also with options, there’s extra resistance at various prices where the options trade at. So a stock may hem and haw around these levels until all of the limit orders clear and then it’s look out above or below. With bitcoin testing $10k yesterday there’s still likely a bunch of resistance, I don’t think it ever broke through. This kind of stuff isn’t “real” in the sense that there’s logical reasons, it’s mostly real because enough people believe it’s real to make it so. This is why “technical analysis” in stock trading works even though it’s basically voodoo magic tea leaf reading.
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Jan 17, 2018 14:58
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Question for you true believers: How much have you spent? This includes buying BTC (and other crypto) with real money. It also includes electricity and hardware. What is your total cost outlay? How much have you actually pocketed? This includes the drugs you have bought and your kiddie porn and actual cash withdrawals.
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Jan 17, 2018 15:01
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10020. Time for the the tether printer to save the day. edit: 10002 and a 189 resistance at 10000 edit: 9950 iSimian fucked around with this message at 15:06 on Jan 17, 2018 |
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Jan 17, 2018 15:01
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paternity suitor posted:This is what’s called resistance in real trading. It’s a combination of round numbers and various price points. People will set limit buy/sell orders at say, a stocks previous all time high, or if its trading at $43.45 for example, there might be a bunch of limit sell orders at $45 and $50. So if the previous all time high was $48.76 and the stock is at $43.45 then there will be resistance at $45, $48.76, $50, etc. Also with options, there’s extra resistance at various prices where the options trade at. So a stock may hem and haw around these levels until all of the limit orders clear and then it’s look out above or below. It did actually get through 10k yesterday
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Jan 17, 2018 15:02
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i lost a thousand bucks in that dam eth crash lmao.
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Jan 17, 2018 15:05
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It's in the nines 
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Jan 17, 2018 15:06
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scott zoloft posted:i lost a thousand bucks in that dam eth crash lmao. good
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Jan 17, 2018 15:07
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How long until the thread title is accurate again?!
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Jan 17, 2018 15:08
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Just dropped below $9800.. quick, print more Tether before the thread title is correct !
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Jan 17, 2018 15:09
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oops
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Jan 17, 2018 15:09
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My wife and I were going to be making our roth IRA contributions this week but with a bitcoin discount this large I don't think I can resist
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Jan 17, 2018 15:11
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Jan 17, 2018 15:17
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Waltzing Along posted:Question for you true believers: i can't look as far back as 2011 but I would estimate I sank around 3000 dollars total of money I made working in college and salary. i tried mining using a comp lab's idle time but that never amounted to much and people kept turning the machines off. I've transferred 13k back to my bank over the last couple of years.
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Jan 17, 2018 15:18
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Waltzing Along posted:Question for you true believers: Pocketed: $48k remaining BTC owned: 21
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Jan 17, 2018 15:19
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Waltzing Along posted:Question for you true believers: Not a true believer but threw $217 (after fees) at a variety of coins to play around. Worth $175 and happy to lose it all if my "investing" causes it to tank.
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Jan 17, 2018 15:20
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A sperm has 37.5 MB of DNA info. One ejaculation transfers 15,875 GB of data we need to be able to upload our blockchains into sperm harnessing the power of machines with the human body is the only path to transcendence.
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Jan 17, 2018 15:23
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Moxxis Endowment posted:Spent: $24k Impressive, congrats. I'm always a little bummed I didn't fool around in it but I never would have held for long enough anyways.
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Jan 17, 2018 15:24
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I guess the robots finally got enough money.
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Jan 17, 2018 15:24
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I just adore how instead of recognizing that they could have cut their losses any time in the last month and been better off than they are now they're actively celebrating the fact that they're still holding this piece of poo poo. They're just so well trained by the people who know that the only value of bitcoin is scamming money from idiots, it's impressive.
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Jan 17, 2018 15:25
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Jymmybob posted:Impressive, congrats. I'm always a little bummed I didn't fool around in it but I never would have held for long enough anyways.
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Jan 17, 2018 15:27
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reposting in case of more chaos: https://www.twitch.tv/cryptoworldnews edit: sadly no Bad Advice Gandalf
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Jan 17, 2018 15:27
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This website is amazing for watching the bloodbath : https://cryptowat.ch/
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Jan 17, 2018 15:30
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It's so surprising to see everything tank. It's almost like connecting the value of a terrible thing (crypto currencies) to the worst version of a terrible thing (bitcoin) was a horrible idea.Moxxis Endowment posted:A sperm has 37.5 MB of DNA info. One ejaculation transfers 15,875 GB of data we need to be able to upload our blockchains into sperm harnessing the power of machines with the human body is the only path to transcendence. Jymmybob posted:Impressive, congrats. I'm always a little bummed I didn't fool around in it but I never would have held for long enough anyways. This I agree with.
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Jan 17, 2018 15:30
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Business posted:reposting in case of more chaos: https://www.twitch.tv/cryptoworldnews I clicked just in time to hear someone say 'the alt market is looking pretty good right now' lmao
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Jan 17, 2018 15:31
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holy poo poo its soaring down like phwoarrrrrrrr
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Jan 17, 2018 15:32
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Almost to 9700.
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Jan 17, 2018 15:33
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The worst part about this crash... All the poo poo I have to hear in the office. The god drat "i-told-ya-so" from John. "I have no idea how stocks or anything like that work but i know bullshit when i see it. I can't believe people were dumb enough to buy fake money." Yea ok mate, if i need a status update on that box of donuts in the break room, you're my go-to guy. other than that? shut up and go back to being poo poo at your job. Then you've got Becky, flapping her useless mouth in the background who "knew" bitcoin was a scam when her boyfriend's Sister's cousin told her that the "bitcoin inventor guy" posted on his website that he was selling all his bitcoin. "Money can't just be numbers on screens, that's not how money works. it has to be something you can hold as well! With all this net neutrality stuff going on you'd be crazy to invest in money that they can just shut down with the flick of a switch!" Becky, last week i heard you ask the IT guy if you needed two mice plugged in to your computer if you want to use two screens at once and now you have a working knowledge of both the monetary system, crypto currencies AND the internet?! that's very impressive.
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Jan 17, 2018 15:33
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