A pump followed by a bigger pump less than a couple of hours?
What is happening?
Whale warring each other?
Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy. Nonsense. The one whale theory is total baloney, but you keep on with it for months and months and months... do you really believe such nonsense? Is there actually any evidence or logic for such an extraordinary claim? Remember the saying that extraordinary claims require extraordinary evidence... ? Where is it? The thing is ... that there is a "whale" ... but .. it is not a person!It is an entity / company / group of people / communist party ... that have between 80.000BTC - 150.000BTC coins!And they work 24/7 in 3-4 shifts maybe. Do you imagine just dropping dumps then leaving the poker table? ... Someone must stay behind and level the plain, to keep things afloat! ... till the next time the "whale" comes to pump & dump! This x 1000. It may be a conspiracy theory to many, but I believe it is completely plausible, especially if such a whale group was formed in the early days of Bitcoin. They could have accounts open on every exchange, and work together 24/7. They could write a bunch of coordinated bots on every exchange that work together. Not to mention if they have way more funding to back them than what is currently in the exchange markets, then they will control each and every local market. They would be able to control the rise and timing of bitcoin fairly precisely. And if they are connecting to powerful/wealthy people, then they will have insider trading knowledge/info many months or years ahead of the public, and will be able to time pumps/dumps on major news announcements. And no, of course there's really no way to provide proof of such. Just like there is no definitive proof that the Russian Mob is behind the U.S. Stock market (and every other major world market). So let's all just stick our heads back in the sand keep saying its the Chinese that are pulling all the strings and providing all the volume, 'cause that's what you all want to believe.  Well, apart from all of the conspiracy theories, i think the real reason is much simpler and doesn't involve aliens or Russian mob. Some history, back in the day Finex was new and didn't have much volume especially for leverage products that they offered. Stamp was #1 by volume so they made some arrangements with them and pretty much were shadowing stamp. That provided Finex much needed liquidity. As Finex grew, on big volumes we often saw Finex price decouple from Stamp price (that was when Finex ran out of money on Stamp). At certain point Finex outgrew Stamp, they completely decoupled and Finex took the lead. What we're seeing here (i believe) is well... CHINA CHINA CHINA x100. Their fake volume was great but now there's a genuine bullish run there, and they need coins from somewhere. It would only make sense to make some arrangements with Finex who's in Hong Kong (like Finex did with Stamp in their day) for liquidity. West is bearish so there's little to no bid support, but China is on a bullish train so they don't care and just keep charging ahead. That's why we don't see much bid support on Finex (arbs don't like risk exposure to catch falling knifes), yet we see those BTC1k market buys, west gets panicy from no/thin bid support and starts dumping. So we get heavy ask side, thin bid side, and a lot of volume. TL;DR as long as whoboi is above Finex by around $10 or 1.5% we're riding the Chinese made rocket. |
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If the unknown Satoshi would have such trouble with the law, what about Vitalik Buterin and all the known altcoin creators?
I think right about now Vitalik has a bunch off pissed off investors he should be worrying about rather than the law tis is a mere hiccup.. hes not on his own..we are behind him and the ETH team...not only through the gd but the bad too just like i was/am with nakamoto Cool i'll just watch  |
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If the unknown Satoshi would have such trouble with the law, what about Vitalik Buterin and all the known altcoin creators?
I think right about now Vitalik has a bunch off pissed off investors he should be worrying about rather than the law |
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Portion of that last dump was ~$3MM in longs closing on finex. Now $10MM more to go to get to normal levels  |
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The next day, he sent me an email. It linked to an article headlined ‘UK Law Enforcement Sources Hint at Impending Craig Wright Arrest’. The article suggested that the father of bitcoin might be liable, under the Terrorism Act, for the actions of people who used bitcoin to buy weapons. Under the link, Wright had written an explanation: ‘I walk from 1 billion or I go to jail. I never wanted to be out, but if I prove it, they destroy me and my family. I am the source of terrorist funds as bitcoin creator or I am a fraud to the world. At least a fraud is able to see his family. There is nothing I can do.’
So he went to the UK to make a revelation that would target him with the local UK-antiterrorism law, and despite already having one similar experience in Australia where he started being chased down by the authorities after some press articles, he pretended that this was not an issue (is he a total idiot?), until he was asked to sign something for the public when he "remembered" that he would be ...targeted for revealing his id so he had to ...back off. Seriously? I dunno but it's too crazy for me not to be true. Plus with all of the psychos (even just in this thread) i'm sure they'll be a lot of people who would love to never see the BTC1MM of Satoshis BTC moved. Guy has a key to $1B which possibly be lost with him, his life would never be the same. Plus effect on the market would be devastated short term unless the first move is to some burner address |
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with this latest dumps: i'm sure you all finally realize the inevitable... that bitcoin is done ... crypto is finally dead .
yeah right.. Looks who is back? Gimpy himself... Bitcoin is gimpycoin right? Remember your strong and repeated prediction that bitcoin is stuck in a channel between $350 and $500 and never going to go above $500, EVER? Remember that nonsense that you were spewing earlier in the year... ? Yeah, this year... so I guess your prediciton of never does not count for less than 6 months later? You are a goofball, and I surprised that you or your buddy, BJA ( oh where is BJA) want to stick in your shilling.. just in case there could be a trend reversal... Currently, not looking so good for you doomers and gloomers? u must forgot, anything over $??? and i'm in the green.. $350 to $500 was horrible with that "scaling issue" overhanging bitcoin. finally it did something.. is about time! Naw... $350 to $500 was not a bad place to be floating for several months, especially compared with being stuck largely in the lower $200s for 3/4 of a year, and also the whole bear market that seemed to play out for nearly 2 years. By the time we reached $350 to $500, it was beginning to become quite clear that the bear trend had reversed, even though there were a bunch of rage quitter wanna bees, bitcoin nayspreaders who seemed intent on either causing a neutralizing of the reversal of the bull trend or to resume to a bear trend (or minimally flat). And, if you do not forget, you were contributing to that nonsense FUCD spreading... and difficult to give you any benefit of the doubt regarding the extent of your fantastical nonsense. We are in a very great place right now, even if we were to get a correction into the upper $500s, which does not seem too likely at the moment... Currently, in spite several corrections over the past couple of days, we are experiencing a considerable amount of upwards price pressures on BTC. I don't know if we are going to break $850, but at the moment, the current market conditions are looking pretty good for such a break. At the same time, we are getting some resistance in this upper $700s and such resistance can continue within the $750 or so to $850 price range, and accordingly either bears or bulls could win such a price battle, but either way, bitcoin still is in a very decent place, even if we get a significant price correction from here.
By the way, whether you are in the green or not (significantly) seems to be quite irrelevant to this whole topic. Why does it matter whether you are in the green? Do you think that we are competing against each other regarding who is in the green or not and by how much? It does not matter, and the main thing is whether you have set up your various investments in accordance with your own financial circumstances and your views about bitcoin and your risk profile, no?u the one who said it wasnt looking good for doomers and gloomers .. just because i fud u doesn't mean i'm not HODLing the entire time . i still don't trust bitcoin to buy at these prices. did the scaling issue get fixed yet ?? if it hasn't, really have to wonder why not . i'm NOT fudn u right now.. i'm just saying . We all got together and realized that it's not really an issue. And the less you F' with it the better look at etherpoop |
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with this latest dumps: i'm sure you all finally realize the inevitable... that bitcoin is done ... crypto is finally dead .
Your foresight into future is amazing  the 3k Wall on 440 on bitfinex is a good chance to get cheap coins.
really ?? 440 is cheap coins ?? |
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Heavy resistance, especially in China. If this goes sideways for another hour, it will start looking corrective...
One of these times you're bound to be right. until then... CCMF How about now? Now we're back where we started  |
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Higher lows? Last one went down to $702
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And China rejected the dump. Feels good having more than one exchange
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Heavy resistance, especially in China. If this goes sideways for another hour, it will start looking corrective...
One of these times you're bound to be right. until then... CCMF |
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Pump starting again tomorrow when china wakes up?
Hopefully although we may have to wait until fresh fiat hits the exchanges on Monday? No, pump must start today, or...  Does this count? |
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Pump starting again tomorrow when china wakes up?
Hopefully although we may have to wait until fresh fiat hits the exchanges on Monday? That's exactly the reason the dragon bought everything in sight on weekends. I believe transfer of CNY to exchanges are pretty much instant. Not so much with usd. Buy everything in sight in east on weekend, west and arbs run out of funds to keep up, there's a huge gap. When the gap is 10% and asia is already trading at a premium people start worrying and dumping more in east. Dragon gets more coins without moving the market as much. Vs buy on a weekday, and there's a chance that west will keep up or even out run the east like we've seen few times lately = more expensive coins for dragon Only works when dragon wants A LOT of coins like BTC15k+ |
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Finex is down for scheduled? maintenance. Upgrade will last 45-60min * on topic speculative comments |
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I speculate that the fallout from those other things that are not going up will come back to BTC and create support walls. Speculate and wall was mentioned, does this pass the censorship? |
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Hate to be the bearer of bad news, but finex longs gone full retard off deep end and are at $42.5MM now, while shorts are relatively unchanged. If they're squeezed everyone is going to have a bad time
Well.. Nostradamus! Impressive  Unreal how there are no real pullbacks, In the end this is going to cause a violent snapback at some point.
Such accuracy, much clockwork *_* >>  Doesn't look like it effected longs at all. Guessing most of them are too into green to be squeezed that easy. So we go back up until another try further up. |
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Hate to be the bearer of bad news, but finex longs gone full retard off deep end and are at $42.5MM now, while shorts are relatively unchanged. If they're squeezed everyone is going to have a bad time
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Dragon is angry bears better start running
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I just came to say WOWOWOW I still remember NotLambChomp ( or something like that ) posting Willie Coyote gif hitting $380.. LOL I asked him to make one for $680 but it's too late now  NLC do one for $780 you know strike that, just do one for $1280 that should give you some time |
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BTC5K is a lot of coins to be intimidating with. Can't imagine an idiot handling $3.7MM
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