50K was dumped in May. At the time, the order books were so deep that the dump only brought the price from $127 to $118 - only 9% slippage, and then the month long downtrend began. Now look at our current order books - even if you combine mtgox and bitstamp - the same dump would reduce the price to $450, a 45% drop... Think about that for a moment. Bid support my ass.
You guys have forgotten how even the title of this very thread was created.
Problem is that doing that doesn't guarantee any bitcoin profit if it is done for that purpose as price would bounce heavily and whale would have hard time to buy at satisfying profit without big risk. There is buying pressure, there is support as much as your position is making you to be blind about it. Just look how market reacted on last 5k dump at these 700-800 prices and you could imagine how it would react in 500s without negative news (though it reacted with heavy and strong bounce after last negative ones) And if he is doing it just to cash out than it's much better to cash out few thousands at time, wait for bids to build up and repeat, there is enough buying pressure to do it. Again, we saw that from yesterday's dump and several similar in last 2 weeks or so, price bounced back each time. So, it surely can happen, bitcoin is crazy thing and you never know when someone with lot of bitcoins wants to cash out, but in purely business matter there's no sense for it to happen without another set of negative news, so it's crazy to make trading plans on things that just might happen from some reason. |
|
|
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
Lets revisit this once there is a 50k dump. 50k dump doesn't happen without significant (yes,yes, I used it again) negative event. Why would anyone dump that amount of coins at this point or any other amount that would trigger a sale of that size when he can dump 3-4k from time to time and watch bids built to the top where he started in few hours. 5k dumped yesterday and look where we are now, higher than before it was dumped, buying pressure is just there. I have nice % in fiat and I would love it to fail a bit but it's just not happening.. |
|
|
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
What would you consider significant, seleme? 600s would be significant these days. |
|
|
|
|
With each new day I see less and less chance for price to significantly drop. Only some very negative news could do it, the buying pressure just absorbs any dump, and bid walls keep building.
|
|
|
|
Me thinks someone invested in PPC  |
|
|
|
sold everything, will buy at 10.2$ to screw those who are waiting for 10$. Muahahaha suckers You sold everything for $750 apiece? I believe that you are making a mistake. Be around here. I'd like to have a chat with you after 2-3 months. :sarcasm: :sarcasm: :sarcasm: Though to be honest, I'm pretty confident that if I'd sold all at that I would buy it cheaper. |
|
|
|
We got movement again.
Is this the last bull trap before capitulation or are we really fueling this train?
$800+ on Gox currently, nice buy orders in the last few hours for decent jump. I still see this as a bull trap but at some point the train will leave the station and these prices jumps won't always be traps... we will probably paint a double top the bulls are overly confident... when china falls in <72hour watch out! We already had double top, it would be triple top. |
|
|
|
sold everything, will buy at 10.2$ to screw those who are waiting for 10$. Muahahaha suckers |
|
|
|
My guess turned out right, Dogecoin is actually more hyped than Bitcoin right now: http://www.redditlist.com/Dogecoin #55 Bitcoin #60 I'm still shaking. I've always believed that the rise of a poorly conceived alt, such as LiteCoin, would reveal how stupid the entire crypto scene is and that it is driven purely by greed and price manipulation. But if Dogecoin turns out to be the prick to Bitcoin's bubble... That would be an even greater cosmic joke. Can't wait.  I'd honestly see LTC doing this instead of DGC. Think small, act big. That's all I am trying too say. 400K Dogecoins each month, with an outlook at a future price of (wild guess) $1,40 each. Sign me up. Oh no wait, I already did. DogeCoin is not DGC, stop messing with my precious DigitalCoins. Grrrrr |
|
|
|
Nah ... looks more like the end of a bull trap to me, and a pretty predictable one at that New lows in the next 2 weeks IMO and months before we see $1000 again Maybe then people will stop using this childish 'HODLING' word after they get a good SPANKING Current uptrend tested but still in tact:
.....the larger fib resistance proving to be tough to get through.
Jees, it's been about 5 minutes ... that hardly qualifies as 'tough' There will be at least one more bull trap before January 31st when Chinese have to withdraw fiat from their exchanges. |
|
|
|
|
WPCS shares were 20% higher in August than they were on top of this rise.
|
|
|
|
Loaded or anyone else doesn't give advice that takes money from him, only the one that makes it for him. I am not sure what he is talking about but it's surely with goal to bank from it |
|
|
|
|
Verification is needed anywhere these days to cash out to be honest. Fees are big though.
|
|
|
|
|
They are reliable website with zillion users trading forex, stocks etc.. I'm not worried about them.
BTW, just tested paypal deposit, money added to my account immediately.
|
|
|
|
Don't like the sound of that. If i can't move it to my wallet then it's not btc. Ownership is a good chunk of what makes it valuable.
You own it on their platform though, it's same like Metatrader for ex. It's probably much safer than keeping btc on other exchange too. |
|
|
|
I remember this site from about a year ago, saying BTC was coming to the platform, and then.... nothing.
So the BTC can only be traded on etoro? Do they actually hold any BTC, or is this essentially just betting on the price direction and nothing else?
It's not betting, you sell it when the price reach your selling point. But I'm not sure if they hold BTC as you can't deposit it. It's pretty much as any trading platform otu there, Metatrader for ex. - there's no bitcoins there too, you transfer fiat from BTC-e and trade it on their platform. When you're done, you can't withdraw btc, but fiat to btc-e again. |
|
|
|
|
Yes, withdrawals can be made to Paypal, that's the best part of it.
But you can't deposit Bitcoin there unfortunately, you have to buy it with fiat there, then sell there too and withdraw fiat if you want.
|
|
|
|
It finally arrived, the easiest way to invest into Bitcoin with Paypal on EToro. It's not usual BTC exchange, you won't be able to withdraw BTC but you can invest with Paypal and trade it on their Platform. Probably the most easy and most safe way to invest in BTC using Paypal. Join, click fund your account and choose Paypal from deposit options on the left. http://etoro.tw/1cWSNUKBTW,til January 5th, they are gifting 50$ worth gift to buy shares from Google, Facebook, Twitter, Apple etc, etc... so that's another bonus. |
|
|
|
Look guys, last week I was a bear too. But this thread has become nothing but a bunch of angry bears.
You HAVE to be able to have a flexible sentiment when trading bitcoin. Come on. The market dictates.
This is the key. Both sets of permabulls and permabears look silly sometimes. Permabears specially as permabulls got their rewards already and lot of them are loaded enough to just chill now and wait new highs. But man just has to have ability to adapt. Nobody should think market should come where we want it, it's us who have to do what market does even if we don't like it. |
|
|
|
Fuck him mate, he is a joke of the forum anyway |
|
|
|
|
Show Posts
