Bitcoin forming the classic "walk the plank formation"

BinaryMan
BinaryMan

its over?

Friday the 13th & Blue Monday?

Goodbye Bitcoin?

This doesn't look good...

All urls found in this thread:
http://www.independent.co.uk/news/world/europe/marine-le-pen-far-right-leader-front-national-french-election-poll-fran-ois-fillon-a7524056.html
https://www.youtube.com/watch?v=ZPygckkOtv8
http://www.strawpoll.me/12097764
http://www.strawpoll.me/12097764/
http://www.strawpoll.me/12097764/
http://www.strawpoll.me/12097764/
https://techcrunch.com/2009/04/27/time-magazine-throws-up-its-hands-as-it-gets-pwned-by-4chan/
Methshot
Methshot

Now for those who don't know this formation there are two ways to go.

You get pushed off or you jump up and off.

Either way you end up in the water.

Dignity is all you can hope for.

LuckyDusty
LuckyDusty

meanwhile on poloniex

New_Cliche
New_Cliche

F

happy_sad
happy_sad

@LuckyDusty
@BinaryMan
both pictures show the same thing: not much happened on Jan 11.

more interesting is the difference in prices between exchanges, there is $50 in arbitrage opportunity between BTC-e and Huobi. dependant on volume and sell/buy orders of course.

Playboyize
Playboyize

@BinaryMan
increasingly nervous man

Spazyfool
Spazyfool

nice call OP I hope you shorted

Nude_Bikergirl
Nude_Bikergirl

@Spazyfool
no but i sharted

kizzmybutt
kizzmybutt

@Playboyize
decreasingly nervous man

fixed

Methnerd
Methnerd

@Methshot
Swim in moneywater right?

Emberburn
Emberburn

shitcoiners btfo

Ignoramus
Ignoramus

@BinaryMan

"the future is here ! the first truly decentralized currency!"

loses literally 45% in a matter of days because the chinese government glances in its general direction

this is a shame. the concept works, but its being used now as some get rich quick stock/ponzi scheme. I give it a couple more years before the chinese ban it all together and the price plummets to $100 and stays there

Playboyize
Playboyize

Keking at everyone who bought at 1100 Jesus you goys are stupid

Emberburn
Emberburn

Btc were being bought for the point of being sold.

This creates a crash, as the person buying the product is also purchasing it for the purpose of being sold.

StonedTime
StonedTime

@Playboyize
this

FastChef
FastChef

@Playboyize
Yeh, pretty fucking stupid.

takes2long
takes2long

@Ignoramus
implying this isn't a coordinated effort by china to scoop up cheap btc

Playboyize
Playboyize

@BinaryMan

That's huge selling pressure. Always happens at $1,000. People are just too greedy and it indicates that this is merely a speculation toy. Not any real asset.

Techpill
Techpill

@Playboyize

*money laundering toy

Snarelure
Snarelure

@Playboyize
They had to have known that it would stabilize at a much lower value..... Right?

Evilember
Evilember

@Playboyize
BUT IT'S GOING TO THE MOON!

IT'LL BE 2500 WITHIN A COUPLE OF MONTHS, I WATCHED A VIDEO ON YOUTUBE ABOUT IT IN ALL THE HYPE!!1!

Firespawn
Firespawn

@Spazyfool
thinking op does anything other than reading tarot cards and cooking up comet-related conspiracy theories

BinaryMan
BinaryMan

@Snarelure
@Firespawn

Right. Shorted around 1k, technically not even a bubble because btc is theoretically self-contained outside of the market through middle-men which increases risk due to the irreversability of transactions, unverified point of transactions to verify exchanges within kyc/aml. Since demand dictates valuation, perfect users would always use BTC without regard to it's value within real world applications. Otherwise when used as an exchange vehicle, BTC is constrained to fiat based external policies in vigor since we don't live in a cryptoworld; which ironically defeats its purpose when traded for that contrarian logic as a self-fulfilling prophecy. BTC is just a vehicle of willing participants with diverse intentions eating at the same table. Recommend another establishment without cannibals.

Spamalot
Spamalot

Also you're all playing to confirmation bias

Don't pretend 99% of people on Veeky Forums has a fucking clue, literally may as well be a coin flip

Garbage Can Lid
Garbage Can Lid

@Spamalot
I agree. There isn't any fundamental data behind bitcoin, no connection to the real world economy. Chart analysis is dodgy to begin with, but next to useless here. Manipulation outweighs everything else with how concentrated BTC wealth is.

Gigastrength
Gigastrength

all these retards patting themselves on the back

Bitcoin still has a tiny market cap, and thus high volatility. It only takes something like China messing with its currency to cause an upset like this.

The stage is still being set for more and more people around the world to start turning to bitcoin.

The Turkish lira for instance is TANKING at the moment.

And just wait until the Euro really starts to shit the bed (which is an inevitability at this point).

Methshot
Methshot

@Techpill
this. people infrequently talk about this and the grey-market of bitcoin money remittance which is also a huge factor in chinese bitcoin markets

Emberfire
Emberfire

can someone explain this order book pls.

from what i can see.
HUGE demand, very limited supply.

PurpleCharger
PurpleCharger

@Emberfire
Seems like the opposite to me. Who cares about the large orders with substantial value mismatch? At the spot you have 83 demand at 800 and 206 supply at 810.

What unit is the "amount" column in, btw? If that's full BTC, this is insane. 16 orders for a total of 83 BTC at 800? So the average buyer is looking for more than 5 BTC ie dropping more than 4k USD? I knew BTC was a speculating circlejerk, but how far this is from a healthy market with many small transactions is even surprising me. And further down it gets even crazier with people on average looking for dozens of BTC per buy order.

Supergrass
Supergrass

@PurpleCharger
its full BTC :D

yep, very crazy... this is from bitfinex.
most orders are over 1 BTC.

happy_sad
happy_sad

TAKE YOUR PSEUDO SCIENCE ELSE WHERE

THERE IS ONLY 1 FORMATION FOR BTC

PLUTO MISSION

Fried_Sushi
Fried_Sushi

First Bitcon. Next Trump.

BunnyJinx
BunnyJinx

@Gigastrength
And with Chinese exchanges under investigation it will go to 600 easily.

Illusionz
Illusionz

trumpcoins are the only valid coin right now.

Need_TLC
Need_TLC

@LuckyDusty
poloniex

You sure you're on the right site?

King_Martha
King_Martha

Get out now before this next dead cat bounce falls thru the floor

Inmate
Inmate

@King_Martha
They don't want to listen.

They think its a game.

That's why they are being ordered off the ship.

Sharks in the water and they sense blood.

Stupidasole
Stupidasole

@Fried_Sushi
Blood is in the water, How will President Pence direct the Economy?

Nude_Bikergirl
Nude_Bikergirl

@takes2long
muh cheap coinz

JunkTop
JunkTop

@BunnyJinx
They arent under investigation

Methnerd
Methnerd

@Gigastrength
They will want to get into assets that are stable and have a long standing history.

They will not want volatility.

Evilember
Evilember

@Emberfire
You ever just sit and stare at buy/sell walls for like an hour.

Just bots messing with your head.

They vanish into thin air like shining lights on a cockroach.

Playboyize
Playboyize

@Methnerd
They also will not want something the government can confiscate, like in India.

SniperGod
SniperGod

@happy_sad
Good luck actually making money off that after accounting for the delays of fiat transfers.

BlogWobbles
BlogWobbles

Keking hard at coinfags right now. Please don't do anything stupid during this period, think of your """friends""" and family.

Methnerd
Methnerd

@BlogWobbles
Goat bounce incoming...

Evilember
Evilember

told biz a couple days ago that the chinese would suddenly clamp down on it and its the time to sell all as usual biz brushed it off saying that it isnt and the bubble is just getting started. Should have listened Veeky Forums

Illusionz
Illusionz

@Evilember
Should have listened Veeky Forums
the smart ones on Veeky Forums listen

the rest are bluepilled cryptocucks flying in from other forums that don't like unregulated crypto talk

lostmypassword
lostmypassword

@BinaryMan
whoa bitcoin is on sale? thanks for telling me

Gigastrength
Gigastrength

It's going back up? Right guys?

Techpill
Techpill

@Gigastrength
Probably if all these countries keep trying to issue capital controls.

Supergrass
Supergrass

@BinaryMan
kek
walk the plank formation

you TechnicalAnalysis Fags are a creative bunch, i'll give you that. try and write a novel or something

Nude_Bikergirl
Nude_Bikergirl

@Gigastrength
Learn about the goat bounce:

/biz/thread/1728568#p1728568

Poker_Star
Poker_Star

@Gigastrength
And just wait until the Euro really starts to shit the bed (which is an inevitability at this point)
What makes you so sure?

TreeEater
TreeEater

@Poker_Star
For every country that a forex trader fooks over you can bet your ass a cryptocuck will be there to claim the news and push it's bluepilled followers towards the pump.

What do you think Bitcoin sim was?

FOREX TRAINING CAMP for the beast.

This ends badly

Emberburn
Emberburn

@Gigastrength
AAAHAHAHAHAHAHHHAAAAAHAHAHAHAA

askme
askme

So what's the reason as to the complete destruction of bitgone?

AwesomeTucker
AwesomeTucker

@Poker_Star
I live here.

@TreeEater
Lmao, it's not forex traders fooking over the EU, buttercup.

lostmypassword
lostmypassword

Bought 10 BTC at $580
Held for months
Sold 5 BTC at $1100
Still holding 5 BTC, will sell if it reaches $700

StrangeWizard
StrangeWizard

@AwesomeTucker
Who do you think has been funding socialists for all these years?

Markets they control ummm hmmmm.

Bitcoin came about all under leftist rule?

COINcidence?

MPmaster
MPmaster

@AwesomeTucker
I live in the EU too but my question was how are you so sure the Euro is crashing? Facts to back up your ideas or just shit talking. Im not saying its not possible. As a matter of fact I hope you're right as I get paid in the dollar so any drop in Euro only makes my pockets fatter. Id just like to hear WHY you think its imminent.

Bidwell
Bidwell

@MPmaster
Euro crashing, Brexit, Le Pen ahead in France, anti-EU sentiment growing, """refugee""" crisis, ...

All things you already know about.

Facts to back up your ideas or just shit talking.
Christ.

PackManBrainlure
PackManBrainlure

@lostmypassword
Nice, you're smart. Don't know how anyone buys bitcoins at $1100, the price is insane.

lostmypassword
lostmypassword

@Bidwell
le pen is not ahead in France
She won't win the election.

I'm French and I can GUARANTEE you that Le Pen will NOT work the election.
Fillion will steal all le pen voters because he recently shifted his immigration policy to attract le pen voters (he want to put quotas) while maintaining a more coherent electoral program than le pen (he also has much more experience as a politician)

Poker_Star
Poker_Star

@lostmypassword
le pen is not ahead in France
Yes she is.
http://www.independent.co.uk/news/world/europe/marine-le-pen-far-right-leader-front-national-french-election-poll-fran-ois-fillon-a7524056.html

She won't win the election.
Likely not.
Je sais comment fonctionnent les présidentielles françaises.

On the other hand, I'm not sure how enthusiastic left-wing voters are going to be for Fillon, who is arguably further removed from the left than Le Pen is in many areas.

The point is anti-EU sentiment is on the rise.

Burnblaze
Burnblaze

@Poker_Star
2017
trusting online polls

ISHYGDDT

Firespawn
Firespawn

@Burnblaze
When they show the universally reviled anti-establishment candidate ahead, I'd say you can trust them.
If anything, Le Pen is probably ahead by a wider margin than they're admitting.

SniperGod
SniperGod

@Firespawn
most of le pen supporters are old, rural persons
fillon has much more supporters nation wide, and a large number of le pen supporters will shift their vote towards fillion (because of how our election works) for the 2nd round

there are other viable ant-establishment candidates (melanchon, macron)
in fact those 2 are getting more and more popular as we get closer to election day

it will be an interesting election to say the least

CodeBuns
CodeBuns

@SniperGod
a large number of le pen supporters will shift their vote towards fillion
That makes zero sense.

StrangeWizard
StrangeWizard

https://www.youtube.com/watch?v=ZPygckkOtv8

Fried_Sushi
Fried_Sushi

@CodeBuns
learn how the french presidential election works if this makes no sense to you

Stark_Naked
Stark_Naked

@Fried_Sushi
I already told you I know how it works.

cum2soon
cum2soon

@Stark_Naked
then you would understand that when le pen doesn't make it to the 2nd round, they will shift their vote to Fillion because his electoral campaign is close to le pen on some aspects, plus he's actively trying to appeal to those voters by changing some of his policies such as on immigration)

idontknow
idontknow

@cum2soon
Ya, no shit a lot of Le Pen voters will vote for someone else if she doesn't make it to the 2ième round. Lmao.

But she's actually leading in the polls, she is going to make it to the 2rd round.

Playboyize
Playboyize

@BinaryMan
see, the flaw in your argument is ignoring the intense multi-governmental push to adopt cryptocurrency as a standard method of payment. Don't believe?

In five years from now after XRP's Global launch in at least 8 countries, tell me that we don't live in a cryptoworld.

Carnalpleasure
Carnalpleasure

@idontknow
how stupid are you to blindly follow online polls ? were you living in a rock for the past year ?

le pen will not make it to the 2nd round, i'm willing to bet 50 BTC on this.

les élections régionales de 2015 ca te dit rien ? "le fn premier parti de france" mais qui est incapable de gagner la présidence d'une seule région.

TechHater
TechHater

@Carnalpleasure
The article I linked isn't an online poll though, and it's not the only one. Don't get upset.

According to pretty much all polls from the past few months, it's going to be between Fillon and Le Pen.

FastChef
FastChef

@TechHater
according to six television conglomerates and every single shill in America, hillary was gonna be president. Are you even sure you know how politics works?

/pol/

Stupidasole
Stupidasole

@FastChef
So that means all polls are discredited now?

Or just the ones that we knew beforehand were obviously overpolling likely Hillary voters in the US?

Stop arguing about this you autist.

Nude_Bikergirl
Nude_Bikergirl

@Stupidasole
polls work with a limited sample size and people are not required to answer them truthfully. HOLY FUCK ITS LIKE YOU DON'T EVEN KNOW WHAT Veeky Forums IS.

Sir_Gallonhead
Sir_Gallonhead

@Stupidasole
Allow me to demonstrate.

http://www.strawpoll.me/12097764

MPmaster
MPmaster

@Nude_Bikergirl
Don't tell me how polls are done, I know.

I also know that polls are all anyone has leading up to elections, and they're showing a good chance of Le Pen going through to the 2st round.

Why are you derailing this thread?

King_Martha
King_Martha

@TechHater
@FastChef

rekt

Soft_member
Soft_member

@lostmypassword
I'm French and I can GUARANTEE you that Le Pen will NOT work the election.

That's the exact same thing everyone was saying about Trump

there's a 99% chance Hillary is going to win

girlDog
girlDog

@TechHater
And then LePen ends with 20% in the second turn.
What's the point.
I'm french, we already saw that. Leftists will vote massively against the FN

happy_sad
happy_sad

@MPmaster
I also know that polls are all anyone has leading up to elections,

that's where I'm trying to tell you you are wrong
I'm french, I live in France. I've lived in big cities and in the "campagne". I can guarentee you that le pen support is widely exaggerated

french people do not want le pen as president. french people want stronger immigration policies and border control (which le pen promised) BUT when voters realize that's its possible to have stronger borders all while maintaining a coherent program, le pen will flop because the rest of her program is UTTER shit, and she has no political experience (euro congress does not count)

5mileys
5mileys

@MPmaster
derailing thread
typical bitcoin's dead thread
now debating french politics
mfw

cum2soon
cum2soon

@girlDog
I said from the very beginning that it was likely she wouldn't win the 2snd round.

The point is that anti-EU sentiment in Europe is rising.

But Monsieur Autisme over here apparently wants to derail the entire thread to talk about how all polls are now completely useless.

@happy_sad
don't trust the polls, trust my anecdotal personal impressions!

Ok but no.

takes2long
takes2long

@Soft_member
French presidential balloting =/= American presidential balloting
Le pen cannot win the french presidential election under the fifth Republic. It's just not possible.

askme
askme

@Playboyize
my laziness which stopped me from buying btc before the fall now makes me feel
tfw too intelligent to buy memecoins

Bidwell
Bidwell

@cum2soon
anecdotal personal impressions
literally what any french person will tell you

as seen
@girlDog

and on literally any online forum

ask ANY le pen supporter why are you voting for her, the answer you will get 99% of the time is stronger immigration control/border control
most of her supporters have no idea what the rest of her program is made of

massdebater
massdebater

@takes2long
...based on anecdotal opinions because you live around city people who all have the same or similar opinions as yourself. It's the exact same sentiment which made Hillary supporters so cocky they thought Trump would never win

Inmate
Inmate

@Bidwell
it's not my personal anecdotal experience if it's what I've personally anecdotally experienced!

Christ you're fucking dumb.

kizzmybutt
kizzmybutt

@cum2soon
this dickhead can't even work out that he's debating against two separate posters...

http://www.strawpoll.me/12097764/
http://www.strawpoll.me/12097764/
http://www.strawpoll.me/12097764/

hairygrape
hairygrape

@massdebater

Look at the numbers those almighty polls give for lepen

now do 2 minutes of research on the french presidential balloting

you're welcome.

@Inmate
I have no arguments what so ever so I will retort to ad hominems

Playboyize
Playboyize

@hairygrape
My argument is that you're saying your personal anecdotal experience trumps polls.

Protip: it doesn't.

WebTool
WebTool

@Playboyize
my argument is that you trust arbitrary polling released by conglomerate controlled media corporations and consider it canon. You're a fucking idiot.

Don't trust polls, don't trust media, don't trust the government, i'm off to wear my tinfoil over at /x/ because my autism can't handle this anymore.

JunkTop
JunkTop

@WebTool
Polls are all we have to go on.
If nothing else, they are an indication.

You saying "believe me instead of the polls" doesn't mean shit to anyone. You're a nobody.

And especially now I know that you personally dislike Le Pen, you can go fuck yourself straight up your ass with your "b-b-but I talk to the French peuple!" you dimwitted bucketcunt.
No offense.

D'ailleurs, moi aussi j'ai mes propres expériences anecdotiques avec l'électorat français, mais sans les délires de grandeur dont tu sembles souffrir tant.

Stupidasole
Stupidasole

@JunkTop
roodypoo i didn't know who le-penis was until i got to this thread, you think i give a fuck about french politics in general?

fuck you mate, polls are unable to be demonstrated as factual or reliable. I suppose you trust your horoscope reading too? I'm a sagittarius, big news in 2017 for me.

Supergrass
Supergrass

@Stupidasole
So polls aren't an indication?

MPmaster
MPmaster

@Supergrass
Let me first look at your argument.

personal anecdotal experience trumps polls

Hang on a minute... what kind of information does a poll gather?

personal anecdotal experience

https://techcrunch.com/2009/04/27/time-magazine-throws-up-its-hands-as-it-gets-pwned-by-4chan/

Polls are not reliable, easily manipulated to suit any entity powerful enough to want to push an agenda. You might as well consult the 8ball or the psychic octopus.

I'm done arguing with you.

massdebater
massdebater

@MPmaster
I talk to people, polling firms talk to people. Exact same thing!

idontknow
idontknow

@JunkTop
have you realized that you are talking to 2 or 3 different posters ?

the guy you are currently responding too doesnt even speak french
I advise you to calm down for 2 mins and re read the thread in its entierety

lostmypassword
lostmypassword

@massdebater
sauce on pic?

hairygrape
hairygrape

@idontknow
Of course, I wrote that French part to show him I have anecdotal experience with the French electorate too.

I advise you to calm down for 2 mins and re read the thread in its entierety
Says the guy dismissing all polls because he doesn't like Le Pen.

Poker_Star
Poker_Star

@idontknow
actually forget my post, you are a fucking idiot with the reading comprehension and argumentative skills of a 7th grader

Gigastrength
Gigastrength

@Poker_Star
you are a fucking idiot with the reading comprehension and argumentative skills of a 7th grader
Says the guy claiming his personal anecdotal experience trumps national polling.

Methshot
Methshot

@Gigastrength
I've never said that.
Are you confused again because you think i'm some other poster ?

The IDs have different colors yet its too difficult for you to differentiate them. You really are a special kind of retard.

PackManBrainlure
PackManBrainlure

@Methshot
You really are a special kind of retard.
Says the guy jumping into the wrong side of a discussion.

Carnalpleasure
Carnalpleasure

@Spamalot
flipcoinz

Burnblaze
Burnblaze

@Methshot
And I'm on my phone right now, I'm not going to scroll up and down the entire time when retards like you want to tag team me.

Emberfire
Emberfire

@Playboyize
BUT THE YUTOOB STARS TOLD ME IT'D BE $1MILLION BY NEXT YEAR WTF MY COLLEGE LOAN MONEY IS GONE

cum2soon
cum2soon

COINERS BTFO

BTC HEADED TO $100

Sharpcharm
Sharpcharm

@5mileys
WTF.....even I was moar than willing to let it die a good deth

Either way it jumped right off the plank.

JunkTop
JunkTop

@Poker_Star
frenchtards have a 2 staged voting system. first round everybody on its own. 2nd round everybody against Front National. It's not about left or right economy but left or right identity politics. frogs are tards they can have their anti-sentiments but they will spread as always.

Soft_member
Soft_member

@JunkTop
I know.

viagrandad
viagrandad

NON STOP BULL RUN TILL 5000 BUY NOW

Burnblaze
Burnblaze

@happy_sad
It will be closer to zero....soonz

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