Wall is being chomped slowly but steadly, around 100 btc/min. At this rate it will be bought in a couple of hours.  Nope buying will escalate towards the end, look at the other exchanges pulling aead |
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Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).
Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2
Or he just thinks the price will go down to 2 digits. If he would have sold at $500 or $400 wouldn't you said the same? The good thing is we are still at $300. Let's see if it gets eaten. Just thinking the asset will loose 60% of its market cap? Without knowing something that everyone else doesn't that be a gamble which would put them at #1. I expect the buying to pick up once the wall get smaller |
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Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).
Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2
Why do you discount 3? Last night he market sold 8K. another move like that would trigger and extreme panic (8K alone gets us into 210 region before everyone else panics). He then buys up new coins at whatever new low we sink to using the 5MUSD he's just accumulated in the last 5 hours at 300. The more I consider this the more likely I think it could be....he's exhausted buyers. He hasn't exhausted the buyers. He exhausted what little liquidity was at stamp. No sane person would keep millions on btc exchange for long time. Look at other exchanges even btc-e is above. Even arbs are getting exhausted. There's a lot of people waiting for banks to open to initiate wires. LOADED and goat are probably on the plane to Slovenia as we speak. Again it's possible but i don't think probable for someone to expect to be able to buy 30k coins bellow $300. The other options i left out is front running the news. Like ETF not being approved or something of that nature. |
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But why are people buying instead of dumping?
We went all the way down from $1,200 to $300. We are in a bear market.
Just because a 30,000BTC sell wall appears out of nowhere, everyone needs to buy into that wall?
Makes no sense to me!
Because we can now see the reason for the bear market. One entity with deep pockets who finally showed itself. Market doesn't like unknown. Looks like the 30k wall is it's last hooray... |
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Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).
Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2
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Interest on btc swaps is 10X higher than for USD swaps. Back up to 9100 shorts.
There are almost no BTC swaps left on bitfinex!!!  Good, i don't have an issue with the price dropping while shorts are going up. It's the never ending dumps while the short are dropping that bother me |
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Last dump was a desperate shorter. BFX shorts went up by about 1k looks like someone a bit too late to a party, calling a bottom
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For better or worse, no funds available until tomorrow, possibly monday. It'd be faster to fly cash to the exchange in person.
Hope you're not flying to Japan this time  you're like beetlejuice only pop up when people mention your name? Or is it the price opportunity? |
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Honestly there is NO REASON why BTC will rally from this area.
Huge trendlines are against it
There have been GREAT news regarding bitcoin but every rally gets sold off
Seems most of the coins entering the market are being dumped by multipools
I maybe be wrong but it doesn't look like this area will hold, it might go to $1000 one day but it will probably break $400 or lower.
Not selling as coins, as I'm a long term hodler. However, I feel like it's going to keep going down until some of these large scale mining operations are driven out of business. With the lack of buying pressure, whales are forcing miners to sell lower and lower. This isn't like the early days where miners could recoup their losses easily by selling off hardware (GPUs) either, as the BTC price slides their equipment gets increasingly worthless since it only has one purpose. Some of these larger operations must be scrambling to sell off coins. This is the only logical explanation that makes sense to me. Leveraged longs on finex were off the charts, a prime target to get squeezed and so they were. Now hash rate is through the roof yet the price is falling. And those huge mining farms that have HUGE daily expenses and need liquidity, so it'll only make sense for them to get squeezed to cause a domino effect. Putting up such walls is not a way to exit position. |
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someone desperate to sell on bitfinex
if it isn't fake you'll soon have your 420$ bitcoins 2k ask wall after 1k bid wall was pulled? from Huobi. I for one welcome volatility, let there be blood |
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Is there any free programme that I can see signal like buy/sell. Which programme do you use guys? I am not using this kind of programme and I am bitcoin trader like 1 year, I won lot of money but just I want to know, any programmen do you use? Thank you.
If you must ask for a program to WIN a lot of money, do yourself a favor and save your money. Ask yourself if anyone had a magic program that can guess the market why would they share it with you? |
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And while the tumbleweed was rolling past, we so very nearly saw the $10,000 bitcoin, albeit only in one wee corner of the internet and presumably because someone was drunk, misinformed or pushed the wrong button.  It wasn't such a long wait after all. Pfft wake me up when it's above 10k |
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What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.
You absolutely have, you just aren't aware of it. Merchants are charged fees by the CC processors and those are passed onto you, the customer. Don't think you're not paying for that shit one way or another just because you don't see the charge first hand. You could argue that everything costs 3% more because credit cards, but it's not hard to earn more than that with rewards, so it's kind of a YMMV situation. I do hate the fact that all my rewards-based trips are basically paid for by other consumers with massive amounts of credit card debt, though. Huh show me a free credit card the gives 3% cashback which is not a set time or category promo. Highest ive seen is 2.2% cashback. Certain rewards points are thought to be worth 5-15cents each eg. starwood amex points if you intend to stay at hotels and compare the price to what the hotel normally costs. Theres an annual fee on that card but some people get it waived. Was just giving an example of how depending on how you use your points you can get much more than 3%. I know someone who has an amex gold and sells amex rewards points for like 5cents or so. although that has an annual fee as well. if you spend enough you negate the annual fee and can still get like 3.5-4%. IF you spend enough and IF you want to stay in that specific hotel IF that hotel is available on that date IF your points don't expire ... bottom line credit companies are for profit and are making money (lots of it) off transactions. There can be no argument that cutting them out is beneficial, to both merchants and their customers, a more valid argument should be how those savings should be split between two |
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What the heck are you talking about, ive been getting all these benefits "for free". I have never paid a dime to any credit card company. No annual fees, no charges, nothing... I have all the above "totally free". If you have never heard about these things you should do some research.
You absolutely have, you just aren't aware of it. Merchants are charged fees by the CC processors and those are passed onto you, the customer. Don't think you're not paying for that shit one way or another just because you don't see the charge first hand. You could argue that everything costs 3% more because credit cards, but it's not hard to earn more than that with rewards, so it's kind of a YMMV situation. I do hate the fact that all my rewards-based trips are basically paid for by other consumers with massive amounts of credit card debt, though. Huh show me a free credit card the gives 3% cashback which is not a set time or category promo. |
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So today we had two major retailers announce that they're taking bitcoin and we're now lower value than we were 24 hours ago. This market is brutal.
As many people have pointed out already, those major retailers announced that they are taking dollars -- that will come from the sale of bitcoins, mostly by bitcoin enthusiasts. So those news may give bitcoin more visibility, but it is questionable whether they will expand the number of bitcoin owners, and they imply more coins moving from hoards into the market. And, anyway, those news are irrelevant to the Chinese traders -- who seem to be leading the current drop. Merchant adoption is the next step towards global acceptance after the initial investment / speculation phase. It's the next logical step and it's a good sign. They are not taking dollars, they are taking Bitcoins. And not all of the merchants are selling 100% of the Bitcoins back to dollars by the way. When people start to realize how easy crazy is to buy things in locally and the internet without the need of giving credit card or bank information to anyone acceptance is going to increase. It's the next natural / logical step, credit cards are a thing of the past and obsolete. Interesting points. However I still cannot understand why someone would pay with bitcoins if rewards credit cards offer bonus cashback + services and features. eg. many companies add an extra year warranty + some have purchase protection if item gets stolen/breaks within 90 days + protection from sellers who dont send quality goods and refuse to make good on the purchase and many more features. Some of these benefits coupled with extra cash back (eg. I have a card that gives 2% cashback on all purchases) wont exactly make people flock to bitcoin unless they have something to hide or are paranoid and want to be "anonymous" (as if the nsa cant track you anyway...). P.S. Of course there is a use for someone who cant get their hands on a credit card with features like those mentioned above (most people probably can though). Do you truly believe all these bonus cashback, services, features, extra year warranty, purchase protection, and ability to charge-back are FREE? YOU are the one paying for all these crap, and even you don't want these you have no choice I sort of agree with that. Point being if merchants credit card costs are 3.5%, perhaps provide a 2% discount for payments in BTC |
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One buyer is very bullish. It means the sale price was likely higher than most anticipated.
It means only that one buyer with deep pockets was less greedy than all the others. They may all have bid at 475$, and he bid 480$ EDIT: typo, 460 --> 480 It is unlikely that this buyer bid just $5 higher than the rest and won *all* the blocks. My guess is they bid at least $100-200 higher than market across the board. What makes you think that $475 was the second highest bid? |
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Well if all the coins were indeed bought by a single entity, is that good news?
It means they bought high, so they're probably not dumpers.
On the other hand, lots of btc in one basket...
Makes perfect sense, the more BTC you want to buy the more it'll cost you. That's why i didn't care much about that syndicate, just a bunch of low ballers, why would you pay above market to get 25k worth of BTC when you can buy it on the market without much slippage. Now if you want to buy 18MM worth of BTC your options are pretty limited, and the more you want to buy the more it'll cost you simple supply and demand. So that's definitely a good news, someone with deep pockets is moving in. |
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Did anyone find out if the price of the auction is public info and if it'll be released?
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Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%
Can they reconnect it please?  No please don't, my coins are worth more since I moved from Stamp Spread between gox and btc-e was at like 10% back in the "normal" days. I'm speculating that Finex owners will keep spread at 3% max for now, then once panic calms down bump it to 5% at which point it should be profitable enough for arbers to take over. They only wrote that exact thing on their reddit  i know shocking!!!  |
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Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%
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