How many days until we can say we are lower than 1 year ago?
Mid November. in 10 years  Saddly that is not yours or mine decision. We don't have enough coins to affect the market. But there is enough sheeps to help doing what we don't want. |
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How many days until we can say we are lower than 1 year ago?
Mid November. |
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Someone please wake me up when the ETF goes live
Do you really think ETF will boost the price of Bitcoin. I do not believe on this theory. An open door where millions of dollars can instantly be poured into Bitcoin easily? How can it not boost the price is the question! we will finally stop watching bear stamps. Those who waits for ETF totaly fucked the market, cause anything other is not important. And you know what, ETF is imo not coming for at least a year or even two. Till then we will be just bleeding? If you asked what would happen if paypal would start integrating bitcoin in the begining of this year everyone would be screeming 5k or 10k, now we can not fuckingly climb back to $500. And manipulators know that and they are here to milk everyone. Just because everyone wants to sell to buy a bit more a little lower of the cheap coins. We did this ourself. When ETF comes and no result - then what? Smth new will come and ETF won't be a wanted story anymore. Damn, just sell to buy a bit lower a bit more. |
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Strange though, during the multiple month long bull-run earlier this year, I remember seeing an exact same pattern, though inverted (exponential ask-wall pedestal, slowly trailing linear bid-pedestal). How peculiar. Of course, market generally moves to the greater side of the orderbook. Why move to the side without orders - for paying high price for low number of coins? |
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Dumps from time to time like the weeks before but the difference is the walls look bullish this time.
What walls? Bid/asks walls (more bids than asks) https://de.bitstamp.net/market/order_book/Even more bullish @Bitfinex You will get burnt looking at orderbooks and thinking like that. Ordersbooks can be so easy to manipulate and the only somehow "real" orderbook at stamp is looking terrible.How do you know? How do I know what? That there is $5M in the books and in the begining of the year there was $20M? |
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Dumps from time to time like the weeks before but the difference is the walls look bullish this time.
What walls? Bid/asks walls (more bids than asks) https://de.bitstamp.net/market/order_book/Even more bullish @Bitfinex You will get burnt looking at orderbooks and thinking like that. Ordersbooks can be so easy to manipulate and the only somehow "real" orderbook at stamp is looking terrible. |
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Dumps from time to time like the weeks before but the difference is the walls look bullish this time.
What walls? |
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Anyway if you don't know the complete story of the first DOGE pump and how it was 100% market manipulation by Wolong (chinese dude on Twitter and forums) I suggest you read his PDF on the matter, it explains everything. https://www.youtube.com/watch?v=JHi-wmRZzvsYou will learn interesting stuff you don't know it already and you will learn why you lost money if you did with DOGE. You mean that 300 toppish bubble? |
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If you really trust your mother then you will short BTC, otherwise you are just scared and bullshiting by worthless mothers words (no mother wants for her son te be in some risky things she doesn't know shit about).
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This is well in advance prepared article that is being posted at the right time to make despair and FUD. Congrats dumpers, different strategy instead of spammers.
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Mmmm Simply no buy pressure  Nope, not even with that big bid wall Walls are contrarian indicators Damn, that's why i lost all my money trading. But seriously, i understand what you mean but the noob trader would usually get confident with such a wall and buy and vice versa. Even if it's a trap, nobody is buying. Seriously.. walls are only designed for sending a signal that you ought to buy (or sell through the illusion of resistance or support). Guess what, markets are always trying to gain the upper hand. If you look at cheap tricks like this you are gullible. How many times have we not seen (this year) bid walls vanish when dumping is engaged? What is unique now is that ask walls do not disappear. That ought to have peaked your interest by now.. Bear walls were doing great job in the latest bear downhill (since < $550). |
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all eyes on BTCChina
look at the ask wall, and concentrated on its destruction.
mind over wall.
it works.
What the heck we are standing here because of one non-leader chinese exchange with < 1k wall? |
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I am pretty convinced that the market is being manipulated to keep the price down until the ETF launches. It is too easy for them to do it to increase the returns the ETF can provide
You can do nothing to prevent this if smth is going on. Use it to you advantage - you will have more time to buy low. |
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bitfinex finally updated
shorts:
was 11,325.44 BTC
now 10,604.50 BTC
~750 coins covered thats it!? run for your lives!!!! Bitfinex was completely unusable for a while and I actually shorted with 10 BTC @ 440 by mistake instead of selling some coins (I didn't think my first order had gone through). Lucky for me I got to close it below 440  Actually there is not much difference between selling and shorting when they changed if you have BTC you can margin sell them without need to take BTC swaps - so not much difference if you want short term trade. |
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A few minutes before the rally started nearly all the bids on Bitstamp down to 360 were removed within in a second. Also quite a lot of asks were removed, but far less than bids. I switched over to the trading PC and by then everything was back to normal. Did anyone else catch that? I wonder what that was all about, there were literally only a few dozen coins worth of bids down to 360, basically just a long flat green line (on bitcoinity.org). A bug maybe? But would be a weird coincidence because it happened right before that rally.
About the rally itself: I kinda feel that this was orchestrated by a single entity, probably in order to induce a short squeeze. I doubt very much that this was "organic" buying by people who suddenly all decided to buy in unison. Or maybe I'm wrong and it was caused by a bunch of people buying because of the paypal news, but I doubt it...
I followed the rally early on and decided @ about $415 that someone was trying to squeeze those 11000 shorts out. So I went "picking up pennies in front of the steamroller" - I bought into the askwalls, then set up my own askwalls at a slighty higher price. Worked out well, but I would have been in trouble if the price had reversed suddenly. Bids were very thin, so I wouldn't have been able to sell the coins back at the price I bought them at. Was probably not a good idea, even though I made some profit.
Similar to my own ideas: I don't think it was "organic" either, in the sense of buying pressure slowly building up, then being released. Looked like a single entity to me as well, only question is: why? Seems by buying gradually, you could minimize slippage, so assuming the original assumption (one entity driving this one) is right, I can see two reasons to buy it all at once, across exchanges: to "make a point" for the bulls, or to squeeze shorts. The latter didn't seem to work (so far), however, judging by the finex stats. This was clearly a bug at bitcoinity, happens a lot. Their bids/asks live chart for stamp is so unreal and not realiable to monitor lively and track changes. You need to use stamp order book chart to help with it to see how things really stands. I'm not talking about bitcoinity, or any order book particulars. I simply agreed with colour that the action of the last hour looks more like a single massive buying entity ("whale") to me than organic release of built up buying pressure. Sorry, I was commenting colours first paragraph (didn't have time to search for his post  ). For the other part, this was all natural and bought by many users, was seen very clearly - then we just started following china till they broke the top. No single entity, you don't need one, just maybe starting push - 800btc on stamp. |
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A few minutes before the rally started nearly all the bids on Bitstamp down to 360 were removed within in a second. Also quite a lot of asks were removed, but far less than bids. I switched over to the trading PC and by then everything was back to normal. Did anyone else catch that? I wonder what that was all about, there were literally only a few dozen coins worth of bids down to 360, basically just a long flat green line (on bitcoinity.org). A bug maybe? But would be a weird coincidence because it happened right before that rally.
About the rally itself: I kinda feel that this was orchestrated by a single entity, probably in order to induce a short squeeze. I doubt very much that this was "organic" buying by people who suddenly all decided to buy in unison. Or maybe I'm wrong and it was caused by a bunch of people buying because of the paypal news, but I doubt it...
I followed the rally early on and decided @ about $415 that someone was trying to squeeze those 11000 shorts out. So I went "picking up pennies in front of the steamroller" - I bought into the askwalls, then set up my own askwalls at a slighty higher price. Worked out well, but I would have been in trouble if the price had reversed suddenly. Bids were very thin, so I wouldn't have been able to sell the coins back at the price I bought them at. Was probably not a good idea, even though I made some profit.
Similar to my own ideas: I don't think it was "organic" either, in the sense of buying pressure slowly building up, then being released. Looked like a single entity to me as well, only question is: why? Seems by buying gradually, you could minimize slippage, so assuming the original assumption (one entity driving this one) is right, I can see two reasons to buy it all at once, across exchanges: to "make a point" for the bulls, or to squeeze shorts. The latter didn't seem to work (so far), however, judging by the finex stats. This was clearly a bug at bitcoinity, happens a lot. Their bids/asks live chart for stamp is so unreal and not realiable to monitor lively and track changes. You need to use stamp order book chart to help with it to see how things really stands. |
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bitfinex finally updated
shorts:
was 11,325.44 BTC
now 10,604.50 BTC
~750 coins covered thats it!? run for your lives!!!! What percentage of these coins are for walls and what already sold? You don't need reserved coins for setting a wall (offer). I know but if you borrow coins you can either sell them immediately or put ask walls - how do we know what is happening? You don't know. You can borrow 5k if you have enough funds to cover and "scare everyone", and release it after few hours and pay few bucks. |
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bitfinex finally updated
shorts:
was 11,325.44 BTC
now 10,604.50 BTC
~750 coins covered thats it!? run for your lives!!!! What percentage of these coins are for walls and what already sold? You don't need reserved coins for setting a wall (order). |
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350 is happening...
What about the train from the page before? This run up was so pathetic you should not post leaving trains... maybe now you can paste it, but turn it around - guy leaving the train. LOL! a dude just waiting for the best time to jump off the train . i google this later  Let me help you...  |
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350 is happening...
What about the train from the page before? This run up was so pathetic you should not post leaving trains... maybe now you can paste it, but turn it around - guy leaving the train. |
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