10:00PM EST 2015-02-01  |
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remove supply from the market? miners included?  bulls, you better hurry up and buy all the coins till 250 $, now is your best shot, because sooner or later someone will dump into your face, and bid side is not looking actually good. Miner volume is a drop in the bucket compared to how much volume whales move. And yes, they likely absorb this selling in the face of a rally. They have to to achieve the next major resistance (supply) point before going short. Look at a daily chart and you'll see where those areas will likely occur. It is not rocket science. All you have to do is join them. long are gone the days of small home farms! most of the hash rate now is controlled by big entities meaining big electricity bills and big percent of the daily supply. 3600 coins would take us under 200. That is if they are being dumped on exchanges. The Volume is nothing like it used to be.  |
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Chinese panic dump in 25 minutes
Careful not to get fixated, for you may loose what is important.  |
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so we arrived at the point where upswings are market manipulation and falling prices are the only natural thing? k, thx for this insight
Critical and cynical thinking is vital in any endeavor and I firmly support the idea that participants make informed decisions. Unfortunately many are already party to this collusion. http://www.macgetit.com/1422/do-you-have-critical-or-cynical-thinking-skills/ |
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The pumps/dumps are simply the big boys trading. Their volume moves the market, not the guys with 5btc. They know that in order to be bullish, they need to remove supply from the market first (thus the recent shakeout) so there's less selling into a rally. The good traders see this and can read supply & demand on the charts.
Normaly I would agree with you. However I have noticed a serious trend that has been pushing alts closer to the value of btc in order to get the maximum return on their alt investment. This is not done by miners. This gif animation shows the general idea of the attempt to weekend BTC market share and enable them to take profits by utilizing alt's. Block advancement by throwing in higher volume trades effectively blocking organic movement in the market.  And then disguising the reduction of BTC circulating on the exchanges by margin trading and present it as normal by volume via various means such as 0% fee's.    |
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This doesn't feel like pump.
Yes, its a totally manipulated attempt to squeeze shorters. Well we will see in the next 4 hours. Yet from my perspective this has always been an attempt to dump LTC holdings at a higher USD rate by trading LTC for BTC and then let BTC rise and take profits at what ever the target $ is. What that value is unknown by me at least.  |
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Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash  Noobs might panic when trolls & their various sock puppets are spreading FUD. Like counters.. Nothing gets the mob moving then a anticipation of missing out. I will leave this here.    * that is the coolest gif I've seen since the bear driving the flaming car btw. Thanks for that  NP  How long does it go? I stopped at 2 minutes It will continue to go up if you walk away from your keyboard and you don't loose power.    |
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I have no idea what is happening right now.
it's going up.  |
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still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck.  If I may ask: why do you keep posting the bid/ask walls? All nice and all, as it in the spirit of the Wall observer topic, but then again the bidwalls are pretty fake. I wonder whether it is to make a point, or if you have some other reason. Helps newbies identify trends and serves as a record of booms and busts. Been doing this for years on Bitcointalk  Alrighty, never noticed you doing that before, and I've been reading these boards for about 18 months by now  . Thanks for telling me. You can review my post history back to when BTC was sub $10 that is if it still works.  |
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still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck. like coinbase tried with some funny gifs? or like theymos/bitstamp/huobi did when they went offline? No those are probably inside issues with questionable business strategies. I am referring to those Bitcoin community members that do what they do with out even a donation address in their sig. |
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still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck. If I may ask: why do you keep posting the bid/ask walls? All nice and all, as it in the spirit of the Wall observer topic, but then again the bidwalls are pretty fake. I wonder whether it is to make a point, or if you have some other reason. Helps newbies identify trends and serves as a record of booms and busts. Been doing this for years on Bitcointalk |
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3 Hours until China dump, not enough time for the superbowl to end.
Can you see the pattern here?    |
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still not convinced..this smells too much like incoming dump...bidwalls on finex got pulled..only 8k down to 200
Each of us has to make that call. However many BTC adopters who understand its value do attempt to calm the hysteria orchestrated by a few unscrupulous individuals attempting to make a quick buck. |
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Bears getting owned
It's not like it was not spelled out here on this thread. All smoke and mirrors to turn low USD value LTC to BTC and pump.  |
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Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash Noobs might panic when trolls & their various sock puppets are spreading FUD. Noobs don't have that many coins. OKCoin futures just hit $236.15
Yet the potential payday allure of trading on margin is a huge factor. 4:45PM EST    |
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Well, convincing people to sell in order to fill you own buy orders is not cool imo.
I don't think by making a comment here would make people sell their stash Noobs might panic when trolls & their various sock puppets are spreading FUD. Like counters.. Nothing gets the mob moving then a anticipation of missing out. I will leave this here. * that is the coolest gif I've seen since the bear driving the flaming car btw. Thanks for that NP |
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Also, people should start comparing TCP/IP with the Blockchain protocol and not Bitcoin, the currency. Bitcoin the currency is owned by a lot of people and they would do everything to pump the hell out of it by spreading misinformation. Bitcoin the currency is easily replaceable and it will be in the near future. Don't try to sell me snake oil.
Then leave  |
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I like the fact that they dumped right into my $208 buy order earlier. I'm so ready to short this dumb token again.
Why did you buy? You always say btc is worth nothing and doomed etc. Makes no sense. Proves you are running a dirty smear campaign just to make profit and rip people off. Why don't you let me play with my World of Warcraft wrath of the lich king tokens ? Rip people off ? LOL I'm just exploiting this unusable currency while is on its way to the crypto graveyard. What an attitude.... Lets hope the younger generation will put your kind in your place.  |
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I like the fact that they dumped right into my $208 buy order earlier. I'm so ready to short this dumb token again.
Why did you buy? You always say btc is worth nothing and doomed etc. Makes no sense. Proves you are running a dirty smear campaign just to make profit and rip people off.  |
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Price is behaving nicely. Dumps are caught by decent demand. It seems things are slowly changing for the medium term.
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