I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.
the one with 20 mil in USD swaps? 14,000 more bitcoin were market sold than market bought so far today on Bitfinex alone. Where do all this coins come from? Good question, even shorts are covering and cashing in at these levels yet the dumping continues. Lots and lots of coins being liquidated. Think that's the downside of being criminals favorite currency, lots of coins were stolen, and those stolen coins get dumped at whatever price. As a solution somehow need to convince hackers to be hodlers |
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I kept my coins because I figured I can mitigate the possible losses by some conservative margin trading (ride the big waves only but do ride those) and I can easily take the remaining risk because the potential is very high. But it's have the potential to get too hectic.
 Fun activities, everyone! I tried my best but I give up.  Great Job janos  ! The best thing about the interweb is there's alway plenty more where that came from.  Lol think Thomas the tank is another cartoon |
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There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from  and how many are there left Well, Mt.Gox managed to make some 500k BTC disappear without a trace and some others also ran on that race, scoring 10k-50k here and there...  bitcoin will not go that low. At the most it will drop to $360 and then spike back up.
You forgot to go all-in with a short during the freefall from 380$, I see.  Right, these dumps are done in a way to liquidate A LOT of coins. Market wants to go up but every time it builds up it gets slammed with huge dumps (usually starting middle of night in US). Smells fishy, the 30k bearwhale fishy. This is not manipulation as with there's no panic and no chance to rebuy lower. This is just dumping tons and tons of coins |
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There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from and how many are there left |
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 Hold on to your butts.Meh just some shorts closing |
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This doesn't feel natural to me. Bids are building up and up across all exchanges but no market orders and VERY low volume and stable price what gives  conspiracy theorists ... |
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Where's the buy pressure poor bear at stamp has been trying to sell ~2k coins with no takers |
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Wtf is that guy on bitfinex thinking? Its going up now better dump my coins
He quickly ran away once that buy wall popped up. Wall wars are fun |
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Feels like one entity is buying up coins while trying to minimize the slippage. Buys few thousand coins then backs off for asks to refill and then buys again...
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Are we at 666 yet? No, ok going back to sleep
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BFX has Billy going at .2
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So there are few million dollars waiting to be exchanged for BTC (with no sellers yet) and you need something else to spin this into bullish sentiment?
There won't be 3-5K BTC exchanged for fiat then? Right, so there are always two sides to the transaction, the question is the price that they settle on. |
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So, not unlike a few days ago with the 30k sellwall, we're now hovering around a considerable buywall.
IIRC, in the first case, we hovered close, nibbled, and finally bought and this was hella bullish and BTC went up in price.
Now, we're hovering around the buywalls and it looks like they will be sold into. Can some cultists in here spin this into bullish sentiment for me?
So there are few million dollars waiting to be exchanged for BTC (with no sellers yet) and you need something else to spin this into bullish sentiment? |
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Looks like we have bear sitting on a lot of coins who wants to get rid of them so he keeps dumping. The good thing is market is trying to go up and it looks pretty organic
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Free money on bitfinex for anyone with deep pockets and a large pile of BTC.
Place a very high ask..market buy 10k. Margins calls will make you several million $'s and a pile of btc
50 people who are prepared to risk 30btc (to open position 3:1 = 90btc) can turn this around... Who is in?  would be amazing to see...could ignite a temporary chain reaction with a ping pong over a huge price range indeed. Could send the price over 5k on finex and have a ton of liquidated butt hurt shorts. Other exchanges would move up at least $100 probably more temporarily Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts ? Free money would be setting an ask of several thousand btc above $1000 and then buying 10k btc on market. Forced liquidation sends the price stratospheric filling your asks. You then get btc plus several million $'s. Free money Great theory...assuming longs wont be closing... |
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Free money on bitfinex for anyone with deep pockets and a large pile of BTC.
Place a very high ask..market buy 10k. Margins calls will make you several million $'s and a pile of btc
50 people who are prepared to risk 30btc (to open position 3:1 = 90btc) can turn this around... Who is in? would be amazing to see...could ignite a temporary chain reaction with a ping pong over a huge price range indeed. Could send the price over 5k on finex and have a ton of liquidated butt hurt shorts. Other exchanges would move up at least $100 probably more temporarily Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts |
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He won't get those coins that cheaply without slippage, people starting to front run him. Someone needs to use the market buy option |
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Bitcoin looking mighty bullish. What gives?  $ deposits finally hitting the exchanges, shout see more of this till the weekend then .... |
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Those finex shorts are just asking to get slaughtered. On the other hand, the dollar value of the BTC in margin longs is obviously much greater, but much less so than it used to be pre long squeeze and shorts loading up.
Right, i'd be more excited if shorts were higher then longs. Longs will start taking profit when we go up, which might cancel out the short squeeze. |
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Funds coming in..or buyers figured it's time before the sale is over.
Could go rather quickly from here
Europe is waking up. Now i can say it, last chance to get cheap coins lets get pics of trains ready |
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