FYI I left about $20 on the card, and after checking saw a $0 balance and the last transaction was in Virginia for "In Store Purchase". That wasn't me guess i'm SOL since it's after the 15day warranty  |
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But the amount of BTC someone is dumping is amazing
What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013. I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant. To increase your BTC stack you need to sell high buy low. There was like 2500 BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come. So by that logic the 2500 BTC sold from 230 to 226 that never had a chance to be rebought are sheep  i don't buy this theory |
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But the amount of BTC someone is dumping is amazing
What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013. I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant. To increase your BTC stack you need to sell high buy low. There was like 2500 BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt |
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But the amount of BTC someone is dumping is amazing
What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013. I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed |
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Whoever is taking this mega dump is not doing a good job refilling the ask side. Spread your buy orders and watch them get filled. But the amount of BTC someone is dumping is amazing
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Low volume, not much on the bidside at finex till 250, looks like dragon is running the show tonight
pretty pictureIf this trendline is broken to the downside, then I'll worry. Btw, "In order to dump coins one must have coins" this is true, except in the case of any exchange that operates an off-chain overbook. Which is pretty much all of them at this point. Please maintain control of your own keys people... that's pretty much the whole point of this whole thing! Meh never like silly lines. Think coinbase proved that 99.999% of this market is run on sentiment Never got that about exchanges, judging by volume they should be making a killing, why kill the golden goose. But in any case having an option of a regulated exchange should help alleviate that problem a bit |
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Low volume, not much on the bidside at finex till 250, looks like dragon is running the show tonight
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$250 is the new $350...we will again just trickle down to $200.
Then over the next 3 months we see more bankruptcies and etc. Not really effecting the price.
At $200, will the next BIG STORY be down to double digits or $450....nobody knows.
Place your bets and have fun.
I've recently become less bullish on price. Previously I was buying set amount of CAD per month that we stay below 400 CAD. Moving forward I will be only buying a set amount of BTC per month so if this thing does indeed keep going south, I'll be losing less and less each month. That makes no sense. You should stick to you original plan. You get more for your money. What if it goes up? Are you then going to start buying thousands of dollars worth every month? That ^ so if BTC goes to $10k how much will you be dropping a month on BTC  |
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Bid side doesn't look good at all  |
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The recent "flash-bubble" created by the Coinbase announcement shows that the "West" can lift the price by at least +50 dollars (~250 to ~300) with suitable rumors.
I am assuming that the Chinese did not pay attention to the rumor, as they have not paid attention to other similar news in the past. I am also assuming that the gentler upward trend that started around 2015-01-15 comes from China, not from the "West"
I still don't know what caused the mini-bubble that started on 2014-05-20. If it was created in the West, too, then it would imply that the "West" can pump the price by +200 $/BTC (modulo the possibility that the increment may depend on the starting price level).
Chinese exchanges are consistently lower than western. That tells me that China is cashing out and is arbed to west. When you see Hooboy's price higher than stamp thats when China would be leading the uptrend |
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I report begging posts pretty fast after they're posted (as I get new topic notifications for some sections) and some are removed before I can click the link. It may seem counter-intuitive, but I don't think there will be an increase in begging if tipping addresses are integrated (more than just a lame plaintext entry in profiles that has to be copy-pasted); if anything, it may encourage people to make more quality posts so they get tipped without having to ask.
Yep, over half the posts are trolls anyway can't imagine tipping worsening the situation |
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what is the flat coin graphic Coinbase Add coinbase with no volume but ignore all chinese exchanges? Seems right Valid data from a regulated exchange vs. a random number generator |
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The BTC700 ask wall flasher is starting to get annoying  There he goes |
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The BTC700 ask wall flasher is starting to get annoying |
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I can't help but question the mentality of people who are selling under $300. Essentially BTC just got an official approval from US. Kinda hard to claim that an asset is a ponzi or a pyramid when it's licensed, trading in NY, and backed by NY stock exchange When the price was over 300, then a small dump happened, which wasfollowed by a panic dump to 270 . I think, that keeps people worried about then having holding the entire day without any worry. Only for daytraders trading on emotions who are less stable than a teenage girl with ADHD? Fundamentally this is huge and a good news. Refuse to believe that it's already correctly priced in at bellow $300. I think only china dumping can hold this back (which currently already has a ~$9 3% spread with finex) |
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I can't help but question the mentality of people who are selling under $300. Essentially BTC just got an official approval from US. Kinda hard to claim that an asset is a ponzi or a pyramid when it's licensed, trading in NY, and backed by NY stock exchange |
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Remember kids, you are supposed to buy the actual breaks or resistance, not the tops after ridiculous parabolic rises, that's when you are supposed to GTFO  Alternatively, you buy the rumour and sell the news. Work every time. Is it just the Coinbase Exchange news that created all this mess? If it did, what's so wrong in it? If they opened a "Regulated" exchange, then what's wrong with others and why this dump is happening? Higher expectations. People were expecting McDonalds to start accepting BTC. And this is only a knee jerk reaction, lets see what will happen by friday. On a separate note I kinda feel for the Wrinklefloss twins. Got facebooked again with their Gemini. At least this should pave the way for their ETF |
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Can we get a "oh no my BTC are only 13% up today" crying pictures?
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Guessing 9am is when someone was allowed to dump some coins  |
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WTF?? coinbase.com/luna just says "to the moon". Have we been punked?
Seems like an unprofessional thing to do for a supposedly neutral exchange.
https://exchange.coinbase.com/looks like market was expecting more |
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