3d MACD divergence turned red on all exchanges, for the first time since May.
Good. I'm still waiting for a 1W to be red. Is that because you are short BTC/bearish or because you are looking for the MACD to uncross the otherway again, before a bump up?  Going to buy with some newly arrived fiat and wait for the uncrossing. |
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3d MACD divergence turned red on all exchanges, for the first time since May.
Good. I'm still waiting for a 1W to be red. |
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Who let the dumptard out?
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Just saw an overstock.com commercial on tv with a big bitcoin accepted logo. Niiice.
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This falling guy always writes 'This user is currently ignored.' in every topic I'm watching. Why is he doing that? It looks really stupid.
Same here, it's been like that since the first day he started posting. You would think he would just stop posting knowing it always says that. |
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Inb4 chart buddy posts 3 in a row
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Idiot Manipulator should start dumping any minute now.
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Oh no, we are crashing!! Crashing Up!
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The 1k dumps could be arbs from China, the low was $610 and there's been some dumping on Huobi under that.
Didn't Ol'boy that bought the auction coins say that he was going to use them for liquidity and arbitrage? |
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I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).
We can just hope that this is not insider... An insider that is trying to get out of BTC would hopefully want to maximize their fiat by selling a little slower. If I had to guess, I would say it is either someone trying to keep price low in order to accumulate, or to collect interest on BFX longs, or to create a BFX long squeeze. I wouldn't dismiss the possibility of some type of government agency or cooperative effort between major banks. Let's not forget that there are many people who want bitcoin to fail, and it's not a stretch of the imagination to think that they're taking subversive efforts to dampen market sentiment. Why else would someone dump 1,000 BTC+ on the market all at once? Buy 10K btc off market, dump 1K on market to drop the price. Buy the next 10K cheaper, sell some of those and repeat until you run out of fiat. Probably on a much larger scale though. |
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and all this talk about manipulation when someone is dumping in 500 batches while everyone else is expecting a bubble is...manipulative.  but I have my doubt that the seller will simply stop or go away. They will run out of coins eventually... Soon I think, as the dumps are getting closer together |
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4 million a day in interest lol...
go back to school.
ha my bad, drunk night. |
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Tinfoil hat again but judging by the amount that whale on stamp is willing to dump whenever it rises I'm guessing they stand to lose an awful lot if it goes up much. One scenario would be someone lending on bitfinex, selling part of his stash to the borrowers then holding the price down until they have to cut their losses, he gets the interest and buys back his coins at a lower price. All this selling is coming from somewhere and if there's not a foil wrapped answer then it has to be a few million dollars a day in bitcoin commerce. If that's it then there will probably be a period of hysteresis, overshooting up and down until it finds an equilibrium plus it will be very bullish for when the payment processors release figures.
That's an interesting concept: holding the market down for interest collection. I wish I had some time to play with the data to contemplate this theory a little more in depth. Yes I had this very thought. THe leverage longs are simply being milked as the price stagnates. A few pages old but... A couple of week ago I though that this might be that case but lenders on BFX get paid in USD. So they would then have to convert to BTC on BFX and send to Bitstamp in order for this to occur. That would send BFX to a higher price than Bitstamp and this hasn't happened yet. Although I do think some lenders may be trying to keep the price flat as to keep people in their position longer, they would have to have another stash of bitcoin to be used on other exchanges beforehand. There is $31 Million lent out so over 46K a day is being made by lenders in interest. It does make an interesting tin foil hat scenario but I don't think they are profiting from lending and directly dumping on other exchanges Edit: Math |
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600s and going up soon, but if this bomb will explode first it needs to crash to 300s maybe less and then rise from the ashes and reach 1000s
And with everyone wanting coin this cheap, we will never see it happen. |
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Sellers are pretty much sacrificing coins now by selling at this price.
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Does anyone know how to calculate the price we would have be at to close the 1W MACD in red?
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until the thief/hacker/karples/NSA have finished liquidating the 500,000 coins they stole from gox, it is going to be difficult to rise I think. A lot of downward selling pressure, especially with bugger all volume.
That said, I will wait it out. Unless you are a day trader, who really cares what happens over the next 12 months, eventually BTC has to go up.
They could have easily sold all those coins. On Bitstamp alone if they had to. |
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Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.
It's working! Buy Buy Buy! |
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Sellers testing that trendline again. They must be trying to break it to wake the bulls up.
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I had a chat with an old relative of mine today. Bitcoin entered the conversation. He said, oh that, that's a ponzi scheme. I said no it's not. He then explained to me what a ponzi scheme is and I said yes I know it LOOKS like one because of the massive amount made by people involved from the beginning, but is the internet a ponzi scheme? No? Well what if you bought sex.com in 1992 for a hundred bucks? Then he said you can't buy plane tickets with it, so I said yes you can www.expedia.com then we stopped talking about it and it was time to get some food, and he said you can't buy food with bitcoin, and I said yes you can! (I was talking about buying pizza funnily enough), then he said you can't buy a flat with it etc...... It's nice that bitcoin has developed to the stage where there's constant examples of its acceptance, functionality and superiority to fiat. To d4 m00n! Ask him if he knows what a laggard is. Nah, he's just too old for this. No need to insult him. I wouldn't call that insulting. Just that by the time he realizes what bitcoin really is he may be too late to reap the profit portion of the benefits it will bring us. |
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