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my trade was much fail
come on sell some Bits & buy some DOge people
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And at least 9/10 of these buy walls are not real investors but bots and traders playing the game 'follow the market leader and make profits' - it is all completely liquid and changes when btcchina moves - there will always be enough dumpers for every wall.
China's not leading, it's empty. Its looks more like bots correcting to match other exchanges than any trading going on. I've been watching all of the order books and charts for days and every movement of btcchina is immediately followed by the same movement in other exchanges. TERA is right. When BtcChina moves, the other exchanges move with it. When it stays still, the other exchange keep going in the direction of momentum. I bought back 100% BTC. But this feels like a complete house of cards to me. Unless this can sustain until new fiat can come into the market. That is the only thing that can save the bitcoin price at this time. There is now over 10 million in margin trading on Bitfinex, with the average loan rate of over 200%! How long can these traders afford to pay that premium on their money? It looks absolutely insane right now. My guess is that many of them bought at 380-500, are up a ton, and waiting for the perfect moment to dump. It could have also been something to do with the issues on bitfinex. my guess is that this is BTC not PND |
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Bitcoin: Today's bubble is tomorrow's bear trap.
i like the sound of that, rings true |
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So, this makes ALL THE SENSE IN THE WORLD. BtcChina has $0 new dollars coming into its exchange. But STILL it goes up. Yeah, that makes total sense. Its like every BtcChina trader has agreed not to sell their coins (they can't even arbitrage now) and just have those that are left spend their remaining fiat on BTC to drive the price higher, one 5btc buy at a time.
Meanwhile, the fully functional, fully liquid exchanges just wait to see what China does.
Yeah, that makes perfect sense.
In Bitcoin World.
trader dont hodl coins holders hodl coins |
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i just had to make a meme   |
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why cant we have a million dollar wall on virtex, no cheap coins for canadians???  |
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Wall of DOOOOOOOM!!!1!1
watching someone become a millionaire off bitcoin could be bullish.  |
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wall back!  simi-cheap coinz 0 slippage! |
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damn wall gone, makert order incoming?  |
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everyone panic hodl your positions!
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Someone just market bought 500 coins.
much slippage, very wtf bitcoin its value is very much UNDEFINED. starting to think i feel in a trap. |
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Viretx isn't moving
so i'm like ok ill place a wall infront of everyone else and hope they start placing walls lower and get this party started
the second my wall pops up someone takes a bite, i panic remove my wall, and a 10BTC bid appears at the very top.
lol
wtf!
Something in the same order of magnitude as 10 BTC is a wall now? o_O on virtex it is. F' this i'm panic hodling! |
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Viretx isn't moving
so i'm like ok ill place a wall infront of everyone else and hope they start placing walls lower and get this party started
the second my wall pops up someone takes a bite, i panic remove my wall, and a 10BTC bid appears at the very top.
lol
wtf!
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Wow- you are tarding? I thought you were hodling Don't tarde, hodl!!!! i decided to try my luck. whats wrong with CAD, CAD buys pizzas too... |
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