seems the 22k bid wall on finex is gone?! 13k left!  The way it was removed in one huge chunk makes it obviously the work of one person. It wouldn't have been dropped so quickly if numerous different people had contributed to the wall. Clearly a manipulator is at work, and the rest of the wall remaining is almost certainly his work too. <image snip> Indeed, there were many small equal bids equally spaced, that were removed all at the same time. Leaving many slighy larger bids, equally spaced with double the step. Surprised that anyone ever thought otherwise (that this is a single manipulator with deep pockets). It's pretty obvious he's just selling back to himself over and over again, with little to no risk atm as he is the only one playing around. This market is still pretty dead. Whatever the game is, it's not working. |
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http://www.washingtonpost.com/blogs/wonkblog/wp/2015/06/24/meet-the-worlds-biggest-stock-market-bubble-since-the-dot-com-boom/It's sad to me that the majority of Chinese retail stock investors are going to get burned, as they were of course late to the party. Once it pops, their stock bubble will continue to fall over the next 6-12 months, maybe even longer. Instead, they could have bought bitcoin at the bottom of the bitcoin market (i.e., like NOW), and just waited it out for demand to increase. Just imagine if all those billions of Chinese stock investments from the last 2-3 months had instead got pushed into the Bitcoin market now? We'd definitely have a new rally. I think their gov't neutered the bitcoin rise in Dec 2013 on purpose. I think their gov't saw all of the pent up demand that their own people had for investing, and knew that if their people invested in bitcoin it would not directly benefit anyone in their own country or their domestic economy. But if they could engineer and rally a Chinese stock bubble instead, and then promote it from within, then their corporations and executives would directly benefit. Their poor, uneducated people just unwittingly participated in one of the largest "bail ins" in history. All coordinated and endorsed by the Chinese gov't.
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Ask wall accumulating rapidly on BFX... whale friend having fun again.
It looks like he is playing with himself. Not much volume after those two sells. Yeah it appears whatever was sold into the bidwalls were quickly placed for sale... Either selling to himself or just an unattended bot. I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk? This is the fun you get when one or a few whales splash around in a dead market. Seems the whole move was orchestrated by the one whale and his magical shape shifting walls. Traders have become somewhat immune to the fear of missing the train. Will the walls stay in place and be eaten by profit takers? The "benevolent bull whale" scenario. Or will support get pulled right when things get ugly? Fueled by a not so benevolent whale going hard short and reaping the gains of panic selling? In either case, I'm less scared of a rapid push to 280 than a regression to the 220's. Probably just going to be a flat weekend with a struggle around 240. Totally agree. Here's the big question: Does the whale truly think that the market is at bottom here, and intends to go long? If so, we may see more seeding/pumping. Or will he "take his cards and go home" if he can't attract some other whales to start a new bull market run? There's still the downward pressure of market inflation to deal with, as well as some miners/early investors who may need to dump holdings to satisfy some short term debts. |
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Ask wall accumulating rapidly on BFX... whale friend having fun again.
It looks like he is playing with himself. Not much volume after those two sells. Yeah it appears whatever was sold into the bidwalls were quickly placed for sale... Either selling to himself or just an unattended bot. I guess no one here would consider that this entire pump n' play was orchestrated by a single whale or maybe two, because no other whales are currently in this market and they can play with free abandon and with little downside risk? This is the fun you get when one or a few whales splash around in a dead market. |
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But you're delusional and living in your own bubble if you think the grexit will influence btc whatsoever.
You're the one in the bubble if you think capital controls anywhere will have no effect. Agree with this, I'm a bull, very pro bitcoin. I'll admit there is literally 0 chance of Greece adopting BTC as their national currency BUT capital controls could definitely play a part in Greek people putting some or all of their fiat savings into BTCRemember what happened with Cyprus? I don't remember the exact figure/sum but they were going to take peoples savings/money above a certain amount to save the countries economy. It was ridiculous, if that is a threat Greek people will get into BTC ASAP. During Cyprus it was a perfect storm. The block reward had just halved, the US FinCen released their guidance on how the US was going to treat Bitcoin and a few rich people were starting to find out about it (Winklevoss twins, Andreeson, a few others). Cyprus helped to highlight Bitcoin's utility during that time. Hardly anybody (see almost nobody) in Cyprus actually used Bitcoin at that point. Cyprus being the reason behind Bitcoin's rise in mid-2013 is something that the media keeps spouting to this day. But I still don't believe it. I believe the media loves to "engineer" reasons for things, either in hindsight or in conjunction with other events. For example, they also said the second rally in Nov 2013 was because of a retail buying frenzy on the good news that the U.S. chose not to ban bitcoin. Complete bullshit: the whale pumpers "pumped" the bitcoin price because they already knew that the impending news from FinCen would be good/positive. They had insider trading info for months in advance of the news. Retail buyers had nothing to do with the "pump", in fact many of them bought either at the peak of the rally or after it had popped. |
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so can we expect another year like 2013 with 2 bull runs in one year?  Unlikely, but let's cross our fingers. I doubt there will be as much buying power as last time though, we don't have China.  Uh did you not notice who led the charge today?  It's not Chinese retail, it's probably the whale traders that bought Chinese stock and then proceeded to run it up. Now that they are starting to cash out profit (whilst leaving the poor Chinese retail investors holding the bag), they'll start sinking their profits into another market.... like BTC, LTC, etc. |
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Because cryptocurrency isn't relevant enough for global finance.
Right now it doesn't need to be relevant to the whole globe, just a few million more people who have had enough of their savings seized or their fiat purchasing power diluted. Also, I feel sorry for the Chinese retail investors. They don't realize it yet, but they are the unwitting participants in their government's attempt at a 'bail in' using their domestic stock market as the vehicle. They will all soon be holding very heavy bags of way overvalued Chinese stock, that will begin a multi-year descent, and probably won't see a rise again for 7+ years or possibly a decade or more. |
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Launching an exchange is the easy part. After launch, getting volume and network effect is the hard part. Look at itBit for example. After their New york trust license, nothing significant happened. I don't expect any different for Gemini. Bingo. Coinbase launched their exchange and look what happened? Zilch. Nada. Tumbleweeds. And they didn't even get licensed in all States, only about half of them. I expect the same or less for Gemini. |
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As long as the Chinese stay fascinated with their overhyped, overvalued tech stock market, bitcoin is not going anywhere.
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http://qz.com/399664/behind-the-chinese-governments-brazen-bid-to-pump-up-its-stock-market/Last paragraph: "Of course, slashing debt and privatizing inefficient state behemoths are good things. But by hyping the market, the government is essentially urging its people to buy the stocks of companies with very weak—and in some cases possibly fraudulent—fundamentals. Last week’s selloff shows just how fragile China’s stock rally is. When the market finally reverses, it will be Chinese households who have ended up paying for the excesses of the state, once again."
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fontas is back! lukz
Yeah, and apparently he's Chef Ramsey now. Lol. |
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I want to hear your feedback and analysis on what you posted from 1 to 5.
Bullish as Fuck. Just like Ethereum. (zing!) |
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Technical innovation announcements are a non-starter. Bitcoin is as innovative as it needs to be to function as the next gen Gold 2.0/better currency of the future. What Bitcoin needs is GREATER ADOPTION. Period. All these "super-secret, killer app, next gen, to-the-future!!" feature enhancements are all just more supposed solutions looking for supposed problems (where there are none). |
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Just got (another) call from my bank. They supposedly noticed that I have a lot of cash in the bank, and zero debt. So they want to 'sell' me on some more financial services that I keep passing on.
They also keep sending me 18 mo., 0% interest checks in the mail every 4-6 weeks or so. I just keep sending them to the shredder.
I smell bank desperation.
Bullish.
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Is when there are too many of them the price doesn't drop past a certian point.
This is a silly notion. Ever wonder during a bubble pop and subsequent downtrend where all the hundreds of thousands of bitcoins are coming from and being dumped continuously on the exchanges? Seems like an endless supply, amiright? There are whales that bought thousands of coins off exchange. Likewise miners and early adopter traders that hold thousands and continue to accumulate as we speak. So why don't they continue to dump now? Why not just dump bitcoin into the ground? 1. It wouldn't make the charts look 'attractive', and they need that to 'sell' bitcoin again in the future. 2. They have the luxury of waiting until Bitcoin becomes 'fashionable' again (aka, another future rally). I'd be WAY more worried in the future about these folks, than a few retail bagholders. |
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The market for LTC is dead right now. The market is thin, and volume is still nearly non-existent. So a single whale can play all they want without fear. They can pump one day, wait for a few weeks, and then slowly sell off or simply dump back down all at once without any real risk or loss.
Don't trust the LTC market until you see some real heavy and consistent volume coming in. Period.
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First time I've seen an article in the main stream media about Silk Road and Ross Ulbricht (aka: DPR) that is without a single mention of Bitcoin.... anywhere in the article. http://finance.yahoo.com/news/convicted-silk-road-drug-baron-122513214.htmlI think this is significant, as it's clear that the author went out of her way to NOT mention Bitcoin in the article. They didn't vilify Bitcoin as they have typically done in the past, connecting it to drug dealing, Silk Road, etc. Even the words 'crypto currency' do not appear anywhere in the article. Turning point? |
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