SHOULD I BUY 1.5BTC right now for $845?  (BTW im in the uk and the price is £338/btc) Only if you aren't already AML/KYC'd at an exchange. That's a pretty hefty commission. GO to this place if you're in the UK - it does take a commission, but as soon as your bank transfer hits - they send you BTC - usually it takes less than an hour - once you're registered. http://www.speedybitcoin.co.ukCurrently £318 - I use them when I can't get fiat in fast - it is NOT the cheapest rate - but it is close enough (and better than you quoted). Plus when you see a dip - it is a godsend. EDIT: and when I say 'less than an hour' I mean from when you send your bank transfer!  I need an invitation code Sorry Ibrahim - ben on there a couple of years and this is new - they seem to have a queue for new registrants! Apologies - but do try! |
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SHOULD I BUY 1.5BTC right now for $845? (BTW im in the uk and the price is £338/btc) Only if you aren't already AML/KYC'd at an exchange. That's a pretty hefty commission. GO to this place if you're in the UK - it does take a commission, but as soon as your bank transfer hits - they send you BTC - usually it takes less than an hour - once you're registered. http://www.speedybitcoin.co.ukCurrently £318 - I use them when I can't get fiat in fast - it is NOT the cheapest rate - but it is close enough (and better than you quoted). Plus when you see a dip - it is a godsend. EDIT: and when I say 'less than an hour' I mean from when you send your bank transfer! |
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Jeez - hitting 524... It isn't just a dip...
Oooh - page 8000!
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Let“s see if 500$ holds for the rest of the week.
$300 in a couple of months Why not make it $200? Or $100? Hell, just say $50, you need to troll correctly! $100 is possible considering a panic flashcrash event. Highly unlikely though... Almost anything is possible. Even Litecoin getting back to $20  |
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I bought 4 more at 555. I'm begining to think I'm the perfect contrarian indicator  10 bucks off current (apparent) bottom is not necessarily a bad buy. I hope not - spent the last of my available fiat there too |
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Fucking Ethereum, why the fuck are they dumping the ipo coins.
Because they prefer to have their money before Bitcoin becomes worthless. Did you really need to ask this. Bitcoin worthless? They are killing the bitcoin, if they sell all the 24k at once the bitcoin price can go sub 300. Why would they do that? |
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It's not panic, nor weak hands.
It's a raid.
Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin. You seem to see 'coordination', where there is mainly just 'market momentum'. It's large blocks, Oda - so you what do you think is happening with a (hitherto) low volume market like this. I'd be interested to know Downwards momentum crossed an (arbitrary - but possibly shared as a sentiment, therefore not completely arbitrary) threshold, leading a number of traders to exit a long position or enter a short. TY - Makes sense. I just wish (like you?) I had seen it coming! |
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It's not panic, nor weak hands.
It's a raid.
Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin. You seem to see 'coordination', where there is mainly just 'market momentum'. It's large blocks, Oda - so you what do you think is happening with a (hitherto) low volume market like this. I'd be interested to know What's happening is people are taking profits and cutting their losses after a breakdown? Or is that too realistic? I guess I'm surprised to see volumes either way after the boredom of late. If it is the catalyst for a stable base for the fabled 'bubble' to come, then I'll be happy - but as along term bull - of course it makes me edgy. |
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bubble incoming they said.
I think it will snap back up pretty quick... Mind you, I am out of fiat since 550! And Speedy Bitcoin is down  It's my emergency dip buying spot (good if you have a UK b/ac) |
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It's not panic, nor weak hands.
It's a raid.
Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin. You seem to see 'coordination', where there is mainly just 'market momentum'. It's large blocks, Oda - so you what do you think is happening with a (hitherto) low volume market like this. I'd be interested to know |
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It's not panic, nor weak hands.
It's a raid.
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Shit. Fan. Hit. Just. The.
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Now we shall see what support there is.
Popcorn at the ready...
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ah, big players, whales and other mythical beings.
well, market does not give a fukk about them.
...until they paint the ticker. What if some big player in accumulation mode is buying directly from pools/OTC, maybe with the 'excuse' that is an ETF/institutional investors who wants just 'clean'/virgin coins. They would use an exchange price as reference so the accumulator would have a big incentive to sell some on the exchanges while buying more OTC to buy as low as possible. +1 This is what I have been saying too. I've thought about this theory for quite a while now. The only thing I can't figure out is how many coins they are buying from miners. The most they can buy from a large mining group that doesn't pay out its individual pool members is under 800 coins a day. So why dump so much to only get 800 coins for such a small discount? Run this by Windjc I have no direct answer - but, with lack of exchange trust and slippage if anyone wants to buy big, anyone looking to accumulate must want to buy off-market and peg it to an artificially depressed market price. It just makes too much sense and explains the self-perpetuating low volume situation we seem to be in. |
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ah, big players, whales and other mythical beings.
well, market does not give a fukk about them.
...until they paint the ticker. What if some big player in accumulation mode is buying directly from pools/OTC, maybe with the 'excuse' that is an ETF/institutional investors who wants just 'clean'/virgin coins. They would use an exchange price as reference so the accumulator would have a big incentive to sell some on the exchanges while buying more OTC to buy as low as possible. +1 This is what I have been saying too. Exactly - thus: price manipulation. It is in their interest and with such low volume and lack of volume buyers 'on-market' it is too easy. |
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Gotta love the smell of panic in the morning.
Capitulation? No. Dip..? Yep.
'The end'? Oh please, get a grip!
Buying - looking nice and cheap to me. Accumulation is the game, play it. The big money is.
Fair enough. This is the best level to accumulate at, though? I could see it as a good long term play. But Huobi is bear flagging as we speak, and we are simply pausing on a major support, not even bouncing after a first wave down. I'd think we're at least going to the next support level.... 520-530. But very possibly 400s. I have no crystal ball - but this drop to the 555 level led to the same sentiment very recently and we did drift back up to the 590s. I think price support at under 550 will be huge. You could argue this is 'what we need' but I think a massive capitulation will not happen because we are too close to the end of summer and too many (off-market) big players don't want it 'too low'. ah, big players, whales and other mythical beings. well, market does not give a fukk about them. The coin volume has been incredibly low for months - and if miners sell direct to hedge funds, which makes sense, then we are watching the tip of the iceberg. The waves look big, but most of the coins are not in the market and much of the trade is off market. Go figure - this is the Wall Observer Thread, but whatever happened to 10,000 BTC walls..? The money is not in the market, thus small moves can have disproportionate effects. Real moves will bring it back, but it's not happening right now and has not been for some time. as far as I am concerned, miners sell direct to bitstamp. I dont know where did those "hedge funds" come from, nor do I care. volume is low because there are a lot of bag holders, and no buying support. I won't disagree with that if you're looking at the exchange market. But what happened when the Feds sold the tranches of coins..? Over subscribed massively. Large miners are selling off market, and large buyers are buying, don't doubt that. I am not screaming about 'whales' and 'manipulators' - just being nostalgic for when the exchanges were the entire market, which is no longer the case. |
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Gotta love the smell of panic in the morning.
Capitulation? No. Dip..? Yep.
'The end'? Oh please, get a grip!
Buying - looking nice and cheap to me. Accumulation is the game, play it. The big money is.
Fair enough. This is the best level to accumulate at, though? I could see it as a good long term play. But Huobi is bear flagging as we speak, and we are simply pausing on a major support, not even bouncing after a first wave down. I'd think we're at least going to the next support level.... 520-530. But very possibly 400s. I have no crystal ball - but this drop to the 555 level led to the same sentiment very recently and we did drift back up to the 590s. I think price support at under 550 will be huge. You could argue this is 'what we need' but I think a massive capitulation will not happen because we are too close to the end of summer and too many (off-market) big players don't want it 'too low'. ah, big players, whales and other mythical beings. well, market does not give a fukk about them. The coin volume has been incredibly low for months - and if miners sell direct to hedge funds, which makes sense, then we are watching the tip of the iceberg. The waves look big, but most of the coins are not in the market and much of the trade is off market. Go figure - this is the Wall Observer Thread, but whatever happened to 10,000 BTC walls..? The money is not in the market, thus small moves can have disproportionate effects. Real moves will bring it back, but it's not happening right now and has not been for some time. |
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Gotta love the smell of panic in the morning.
Capitulation? No. Dip..? Yep.
'The end'? Oh please, get a grip!
Buying - looking nice and cheap to me. Accumulation is the game, play it. The big money is.
Fair enough. This is the best level to accumulate at, though? I could see it as a good long term play. But Huobi is bear flagging as we speak, and we are simply pausing on a major support, not even bouncing after a first wave down. I'd think we're at least going to the next support level.... 520-530. But very possibly 400s. I have no crystal ball - but this drop to the 555 level led to the same sentiment very recently and we did drift back up to the 590s. I think price support at under 550 will be huge. You could argue this is 'what we need' but I think a massive capitulation will not happen because we are too close to the end of summer and too many (off-market) big players don't want it 'too low'. |
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