lets see shall we prepare the rocket ship  |
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These massive walls placed right around the spot price, in my view, are largely there as a means of manipulating technicals.
I seen that 1000 BTC wall go 6 CNY below spot, and I just knew that it was going to get swallowed whole, no doubt by the very same entity that put it there. See it happen all the time.
Hard to say why was there, but I can agree that the owner knew this wall will get filled... Maybe he pushed the price on other exchanges down to fill this one. Not so much that the owner 'knew it would get filled', as he knew for certain it would get filled, as he would fill it if nobody else did. All over Bitcoinland, are small time Joes, hoping to catch the next swing up, or down if they are bearish, and they are sitting waiting on an array of technical indicators to give them the green light to make that trade. whales can swish coins around, looking to encourage the market to go in a certain direction, or even determine whether the prevaling sentiment is bullish or bearish...... ....so when Bitcoin is on the rise, or on the fall, and then suddenly a 500, or a 1000 BTC wall is placed slap bang next to spot price, only for it to get devoured a few minutes later, all at once.....in my view, more often than not, this is whales attempts to 'mould' or 'push' markets. Also bear in mind that these markets are totally unregulated, so it isn't even illegal for some whale who is a friend of an exchange, to get complete inside knowledge of exchange activity, not to mention zero trading fees. still happens in regulated markets |
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correction to 320 ish trap  |
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ooohhh the $100 swings 500 to 363 to 450  day traders rejoice |
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Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods. To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced". thanks for the tip seems he did a good pick https://btctrading.wordpress.com/2015/10/29/long-term-update-at-resistance-2/Correlation does not quite equal causation. In this case, it does appear they are very related, to what degree and via which vector... well, that remains to be seen. great advice, as always risk management, never use analysis from one trader, compile with other sources to provide clear market intentions. this trader is very useful with technical analysis |
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Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods. To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced". thanks for the tip seems he did a good pick https://btctrading.wordpress.com/2015/10/29/long-term-update-at-resistance-2/ |
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AUS Price Bitcoin: $401.17 Litecoin: $4.42 1 Australian Dollar equals 0.73 US Dollar |
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A few years ago there was a bunch of people bitching about stability. "If we only had price stability the world would be a wonderful place because everyone would adopt Bitcoin and we'll all be rich!"
Well, how's that stability working out for you?
Stability at $2000 is what they meant... Stability at $20000 is what they meant... $40000  one million dollars  |
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seem to recall, several years ago, an announcement by some exchange that they were implementing "shadow" book orders, that are invisible to most ordinary clients. Perhaps they just started showing shadow-book trades on the ordinary ticker, to boost their public volume numbers...
That seems to be what's happening. But why would they want a lot of off book transactions? Don't they make money based on a percentage of the order cost? Why would they not want the price to rise as much as possible? OKCoin and Huobi do not charge fees for trading, only for deposit and/or withdrawal, and interest on leveraged trading. As I recall, the shadow book was meant to cater for clients who wanted to trade on the exchange, but did not want their large orders to affect the price against them. (I may have misunderstood, and I don't know whether that makes sense.) It's hard to see responses between all these ChartBuddys. Thanks, I think they would be better for all if we could actually see the effects of the trades that are happening. Right, so we are supposed to belive that while BFX volume has continued at an a consistent mostly anaemic pace for the last 2 months, OKC and Huobi have a bunch of 50k BTC orders that they suddenly decided to announce in their volume figures ...OK .... <sips Kool Aid> .... perfectly reasonable explanation. Oh wait ...no announcement from an exchange that is being accused of faking numbers that they have a valid reason for suddenly higher numbers. OK ... <sips more> that makes perfect sense  If it walks like a duck and quacks like a duck ... most likely explanation is 'it's definitely not a duck'  it's clear enough by now that these exchanges are bucket shop status, especially BitFinex I dont know about the bidwalls on bitfinex (especially since people can use 3x leverage to create fake falls if they desire), However after much observation I dont think bitfinex is faking their trade volume. They actually seems legit and the order book actually matches the orders that occur. why would this be any different to mainstream exchanges, stocks, shares, tenders, contracts - it is inherently human for someone in a position of power to take advantage of any situation any way they can |
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Looks like they're not seeing the mystery candles for 10-80k coins happening in china with clockwork regularity, nor the repeating orders on bitstamp that barely move the price, nor the complete dearth of action in the intervening periods. To use raw volume numbers reported by the unregulated exchanges as the sole basis for a trade sounds to be something other than "experienced". thanks for the tip |
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COMMUNITY ACTION
To speed up our adding to extra exchanges, all investors are asked to make tickets/messages to support of Bittrex, Poloniex, Cryptsy about MAPC.
Lets show them our users love!
Will do great to see the coin doing well, awesome community too |
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If miners were risk averse they wouldn't be miners. But when you're in the game it makes sense to minimize risk.
Agreed. Didn't feel like elaborating, but I think miners are a weird bunch that seem to be extremely favorable towards risk on the higher level decisions (like: should I buy mining gear that will barely break even, instead of buying on the market), but then being rather risk averse on the smaller level decisions. alot of miners start of with no reward its how bitcoin started its how altcoins continue. |
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If anybody had any doubt before the last few days shenanigans. This market is manipulated like almost no other asset on the planet.
Tarmi I'm giving you a hard time. Similar to how you rightly rattle the bull's pen on downturns. No doubt your shorts at near 300 have paid for your mistakes at 235.
Of course it is, but everyone continue to trade. Manipulator would be long gone from the market if most of the traders would just stop playing his game for a month... |
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Many will give (or not) you ideas regarding an online venture. It's always easier to start something where the bitcoin business never goes out of the computer realm. But you'll have a reduced target market, increased competition, and less chances to succeed.
Still, some real-world service or product demands you to link to the non-crypto economy, which requires clever business plans.
For one, I'd think it would be great to manufacture some specific items Bitcoin lovers would love having. Yeah, the btc T-shirt venue seems to be as commonplace as the jeans market in general. You know, every fine dinner at home I find myself wanting a nice BTC corkscrew... or... cork substitute to save the wine for later. BTC symbol and caption saying "Don't spend it all in one seat", it could say... which is wise advice for BTC and Wine. :-)
S.
Well said. However, starting a Bitcoin related business out of the computer realm would be hard. It will require more than a Bitcoin to start. It might also require lot of investors too. Shipping etc will also need to be planned. Anyway, if I have one Bitcoin. I would start a game which accept Bitcoin. A online game where players will be able to earn Bitcoin. I mean.. a digital world for Bitcoiners. Where they can buy things such as cars, houses etc. Well, I believe I'm dreaming. It would require more than a Bitcoin to do. is the below similar and the start of online earnings through bitcoin and games has anyone tried this, is it for real, https://www.youtube.com/watch?v=hTanC4CIHoghttps://bitcointalk.org/index.php?topic=866987.0 |
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Inflation is reaching historical minimum as I've read several times and I knkw that we lake the demand. But what is in the horizion happening and I can't understand. People are talking about the coming days as if a disaster will take place. That's just the way we talk  I understand brother, but why it seems there is something happening/going to happen in the coming hours ? What and why major dump is coming ?
Could someone kindly answer me as I hate being fooled when everybody is understanding what is going on.
Thanks.
FUD about the new bitcoin update about block size, among other things, and people prefer stay in fiat if possible You right with what you said. FUD stands for ?   so much fear uncertainty and doubt in all markets, stocks, crypto, mining, energy, on and on and on |
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just testing out some different graphics techniques  |
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