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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?
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MUH SOJINI
Can we cut the SJW bullcrap now and focus on observing walls?
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I don't give any trading advice, but here's my advice for pretty much everything and ESPECIALLY for bitcoin:
It is what it is. Accept it, deal with it and try to make the best of it.
No amount of utopian hopefulness towards a BTC ruled world is going to keep people from taking profits at your expense.
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Why are you people still selling?? Fundamentals have not changed at all! Are the weak hands really shaken that easily? So stupid.
1) Putting your life savings in BTC and hope to get rich with maximum risk of losing it all 2) Observe the market and play with the flow, taking profits regularly, manage risk, and having a steady income Pick one. I'm pretty sure about which strategy actual successful traders choose. |
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Lol I love when people say cheap coins. It's only cheap if you bought higher, ain't it?  Oh lawd, +1 internet for you, sir! |
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Am I the only one who doesn't really care which way BTC goes as long as there's some volume and active trading going on?
At least I don't have to identify with circus trains transporting screaming bears and cultist bulls.
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ALL ONBOARD!!!! except one stupid bear, guess who that is   Imagine the amount of casualties when that train crashes though. The ones on the outside (opportunists) may be able to jump off before it hits the wall, but the ones on the inside (permabulls who never left the train) will be properly f00ked. |
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Ready for the next bubble(s)!
You do realize that when everybody expects a bubble (like now), the chances of one actually happening are really slim? When people think about new paradigms and Bitcoin being completely successful and retaining high prices, you're going to have a bubble. When people think about 'a new bubble starting', they inherently say Bitcoin can't keep a high price and we're all in for a world of hurt. |
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Somehow, the fact that this topic explodes with train sounds and rocket pictures every time the price rises by $10, tells me the bear market is not quite over yet..
Which, by all means, does not mean no money can be made now. But I'm just saiyan.
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The guy walks off with 8 million $ while having spent pennies. Clearly burning money :/ |
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Possibly both wall are put up by the same person, trying to scare the speculators to sell into his smaller buy wall, so far some 100 coins were collected, but at the same time the sell war shrinked by 1000, so this is not running well now
It's going perfectly well, he just wants to sell his 20K while keeping others from putting up sell walls under him. He's saying basically "Yo if you so want to sell right now, here's the offer, but everything else goes into my sellwall, KTHX". And so far, that's working out. A few people sold for 200 BTC, but in the meantime his wall got to offload 2000. He simply wants out, that is all. That gox wall was def 10k and only lasted a few minutes. Loads more buying pressure then.
I was there™ and the battle actually lasted for the better part of a day. |
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Anyone still stating this is a manipulator 'trying to crash Bitcoin' instead of someone actually selling their coins, is genuinely deluded.
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Does Bitfinex do hidden orders? I'm not seeing any walls on Bitcoinwisdom, though many (large) trades are occurring right on the 300 mark.
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>suggesting to replace BTC-e with an exchange that's been confirmed to have reported fake bloated volume figures..
Yeah great idea. :/
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Here we go!
Six month low!
Nice and slow.
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But couldnt this be manipulated? As in, push the price down to see if it gets triggered? In a way that is like setting up a sell wall to see if others will be willing to sell under that set price you put up.
I'm not sure if that counts as manipulation, rather than making a quick buck from people who put a lot of money in a stop-loss. It's a regular course of business, you see it in every stock market. |
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I've also noticed that when the price gets to a certain level, additional sales happen almost simultaneously. I saw this when the price level broke 370--instantly hundreds more coins were sold in two separate orders to push down further. Here's my half-baked theory: Either this player has one helluva trigger finger or he is using a bot.
This is called stop-loss. Bitstamp now has native support for this, both regular and trailing. You can set a market sell to trigger if the price drops below a predetermined threshold. The stop-loss orderbook is not visible to the public. |
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We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.
That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?
You're just one of those cultists who think upwards movement is natural and downwards movement is manipulation. The whole way upwards was manipulated by fake China volume, Gox bots and whale manipulators. Don't kid yourself by saying the way to 1163 was natural. |
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Cheap coins people!
Too bad you'll look back at that as being way too expensive in a few days. I think you missed the sarcasm No, I missed the boat half a year ago. Glad I didn't board though. |
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