Bitcoin forming the classic "walk the plank formation"

shitcoiners btfo

>"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

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

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.

this

Yeh, pretty fucking stupid.

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

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.

*money laundering toy

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

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!

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

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.

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

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.

>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).

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

can someone explain this order book pls.

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

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.

its full BTC :D

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

TAKE YOUR PSEUDO SCIENCE ELSE WHERE

THERE IS ONLY 1 FORMATION FOR BTC

PLUTO MISSION

First Bitcon. Next Trump.

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

trumpcoins are the only valid coin right now.

>poloniex

You sure you're on the right site?

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

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.

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

muh cheap coinz

They arent under investigation

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

They will not want volatility.

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.

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

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

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

Goat bounce incoming...

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

>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

whoa bitcoin is on sale? thanks for telling me

It's going back up? Right guys?

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

kek
>walk the plank formation

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

Learn about the goat bounce:

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

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

AAAHAHAHAHAHAHHHAAAAAHAHAHAHAA

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

I live here.

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

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

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?

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.

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.

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

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)

>le pen is not ahead in France
Yes she is.
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.

>2017
>trusting online polls

ISHYGDDT

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.

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

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

youtube.com/watch?v=ZPygckkOtv8

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

I already told you I know how it works.

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)

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.

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.

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.

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.

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?

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.

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.

Allow me to demonstrate.

strawpoll.me/12097764

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?

rekt

>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

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

>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)

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

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.

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

Ok but no.

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

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

>anecdotal personal impressions
>literally what any french person will tell you

as seen
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

...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

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

Christ you're fucking dumb.

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

strawpoll.me/12097764/
strawpoll.me/12097764/
strawpoll.me/12097764/

Look at the numbers those almighty polls give for lepen

now do 2 minutes of research on the french presidential balloting

you're welcome.

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

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

Protip: it doesn't.

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.

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.

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.

So polls aren't an indication?