good morning, time for another round of dumps, I guess.
love you all.
Yawn. Order book not suggesting its very effective. |
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Seriously, anybody seeing that we are only about 600 coins from a new bottom on Huobi and OKCoin? You seriously don't expect that to hold... hell if I was a whale I'd dump just for entertainment (I mean, not like they don't have enough money as is) at the sight of that even if it meant I lost money. Jesus.
Similarly its a little cough and we are basically back where we were yesterday  |
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I usually trade these wild swings, but i can honestly say i have no fucking idea which way its going. My general rule of thumb is when im confused, stay put and do nothing. Im a spectator for now. If we break 520, think i'll be selling.
Don't fight the tape. That's a hard lesson that I've learned this year playing the bitcoin game. We might have a short burst up, but it will fall again. We're deep in bear territory now and we're not even at the "blood in the streets" phase yet. Deep in bear territory? The bear market bottomed out in the 300's and has been climbing since. Zoom out. |
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Shroomy, Fallllllling, could one of you keep an eye on things while I step away from troll duty temporarily for lunch? Thanks.
Don't rush back! |
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Sorry man, I went to bed shortly after this post. but... Take a look at the mining pool chart, all big miners are pools, that pay out individuals, so they would not be able to buy those coins. The biggest private pool mines less the 20% of the coins. That is the biggest chunk
OTC trades for large amounts of clean/virgin coins would be at an hefty premium I guess. Enough for pool owners to trade their virgin coins for cheaper used coins on an exchange. But it was just a guess. Any other idea on who and why is dumping is welcome. Besides the sellers themselves I doubt anyone around here knows exactly why they do it. Get cheaper coins through panic Coin mixing through exchanges Altcoin preminers taking profit Stolen coins constantly being sold GABI trying to achieve a low base T/A whales trying to paint capitulation to start a new bubble Exchanges selling fees and buying some back cheaper Attempt at a long squeeze Whales giving up and taking profits Wall street trying to fuck over traders Dump once a month to buy OTC cheaper Unless you are the dumper, or the exchange operator and can see who is doing what, we will likely never know. The fundamentals haven't changed, so the only thing I know with a strong chance of being true is that they are doing it to profit, not because "bitcoin is dead" Great post.. |
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If we break into $400s this could trigger a lot of weak hands and we might just see $300 range coins again. If be a happy happy buying fool @$350-$399
+1 Im thinking of waiting to get into the mid 200's to make any serious decisions, hopefully that wont happen Good luck with that!! |
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I love the fact that the market is so thin 3.5k coins takes us right back up to 590.
Right off to do a case, at this rate we'll be below 0 when I return.
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The thing about mmitech, shroomskit kreinaha et al is that they are dishonest. They proclaim the end of the world to induce selling from others, whilst secretly waiting to buy back in at a lower entry.
Good job guys!
+1 Yep.... you said it. I do wonder if you would consider the opposite as dishonest: Bulls talking something up saying Wall Street any moment now, revolution is now, 10k USD by July etc. to get a higher price so that they can sell at (more) profit, say in the mid 600s. Interesting point there blitz. I suppose calling for 10k next month is similar if the motives are simply to sell out for the cash. But I think most bulls believe in bitcoin and want to hold it. Not to mention that has happened 3 years in a row. The three I mentioned calling for the end of the world are also bulls but are shamelessly attempting to change sentiment during volatility so they can rebuy more coins at a lower price. That is dishonest in my view. Its s free country though |
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The thing about mmitech, shroomskit kreinaha et al is that they are dishonest. They proclaim the end of the world to induce selling from others, whilst secretly waiting to buy back in at a lower entry.
Good job guys!
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Doesn't matter, I'm selling now. Time to get out fellas.
Should I say it now or come back later to say "I told you so"? A second coming? |
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I can tell you that there are some manipulation techniques that can be successful sometimes (with either risk and/or expenditure) and they're even legal with Bitcoin, but they sure as shit don't involve continuously selling large blocks of BTC because that's like a black hole and you will need more and more funds while almost all the work is done by you and thus you will have trouble profiting from it. What you need to do as a manipulator is create the impetus for many others to sell, or expend a little effort to keep that stream going, but it needs to be +EV or soon you're going to be broke.
It's just that so many are like blind people talking about color. If you don't have the funds to meaningfully execute your idea of manipulation with Bitcoin, go to some alt coin and try it there. Let me know how that works out.
No need to dick waggle over how many coins you have Blitz! I take your point. But in a narrowly trading thin market with speculators like Oda for example waiting, then large dumps while you are either accumulate OTC on the cheap, or are heavily short should work no? |
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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 really is such a ridiculous idea that everything one dislikes must be the making of conspiratory evil forces that I'm troubled to understand how they can ignore the cognitive dissonance. It's even weirder when you took part in the actions that are re-interpreted as being part of some 'grand scheme'. Didn't even know I'm an Illuminati member... Not really. The action of recent days is the work of a few sizable trades from by definition a few people. You just momo'd along for the ride. The market is so thin its not rocket science.  I never said conspiracy. Thin market means easy to move the price up or down. Short term volatility is of no practical consequence to me or anyone else holding for the medium or long term. The loudest shouters on here are just waiting to buy back in lower. A look through the threads from 2011 2012 and last confirms most 'traders' here should be millionaires but for some reason aren't. |
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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 really is such a ridiculous idea that everything one dislikes must be the making of conspiratory evil forces that I'm troubled to understand how they can ignore the cognitive dissonance. It's even weirder when you took part in the actions that are re-interpreted as being part of some 'grand scheme'. Didn't even know I'm an Illuminati member... Not really. The action of recent days is the work of a few sizable trades from by definition a few people. You just momo'd along for the ride. The market is so thin its not rocket science. |
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3 k to 500.
About the same right back up to 590. |
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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. |
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Hope this turns into the silk road incident.
Its buy time! |
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 Game over. ShroomsKit and mimimitech are out. Bitcoin is dead. Oh NO they left the BTC game and sold they BTC.Bitcoin is gone for forever.It's dead!  LoL They leave twice a month currently. |
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It's a trap. Down we go. Smart money is getting out. Are you smart?
Welcome to ignore. |
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I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.
You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.
People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.
Just gonna quote this: Ok, i can't handle it anymore. Bitcoin is over. I sold both my coins. I'm outta here!
LOL! strong buy signal! edit: I think i actually posted a few weeks ago that when shroomskit sold(even though he said he was never gonna sell), that would be my buy signal ShroomsKit selling is the best sign a man can look for when dedciding to enter a long position It's also funy how he goes on and on about how the "weak hands getting shaken out" is a myth when he, himself is living proof that they are very much real  Meanwhile it is 195 coins back to 570 and 5000 to 550 on stamp. Boring manipulation is..boring |
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I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.
You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.
People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.
You and that irritating poster Kreinaha sold. We get it. Hope that works out for you. Ssh with the noisy booktalking. |
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