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I think everyones forgetting that people like Draper have so much cash lying around dumping for a mill or two profit is a ridiculous move against the potential rewards for holding for a few years. Dont forget there are loads of people like him around as well.
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Hahaha, Draper's averaging down. haha, might as well not like he would miss a few million $'s |
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What's Tim Draper's estimated net worth?
I can't be arsed to google it.
About a billion, more than enough to not give a flying fuck if his current and possibly these coins went to $0. |
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Are we forgetting the reason Draper bought the coins? To provide liquidity in his other ventures. I'm fairly sure therefore that his sole interest was not to push the price up to then sell off his lots. He's worth a fortune and people like that have no interest in telling you what he paid for what etc.
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Personally, I think if we break 2350 on huobi tonight there will be a huge rally.
People said that if we break 400 the way we broke last week, there would be a huge rally. Nothing at the moment is rally signal. In fairness when we broke 400 we had an almost 25% on top of that rally. Guess it depends on the definition of huge. Some of the early fellas would say 1000% is a small rally but people entering in the last year would say 25% is fairly large. |
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What is that?
Someone buying 888 DRK every hour. Every half hour... And increasing 975 then 1009 last ... At h:00 and h:30 Yep but the price isnt moving up like it should when 1000 coins are bought. Its just some guy buying his own sell walls. |
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Back to 330-350 thanks to day traders.
Why does day trading always mean we have to go down to them?
So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price). If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again. And that they will later regret high bids. Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price. Depends on how many investors and which investors subscribe... then let the game theory begin. I'd expect a bid below market price although, typically, an auction leads to an inflated price. Investors are likely to give more weight to the risks of having a lot of coins than the savings on the slippage. I mean, that's not an amount you can unload easy (and there is slippage on the way down, too). So, you save buying slippage, but you incur a lot of risk and downside slippage. I just don't see it. There are numerous theories and all were discussed in detail before the last auction. The conclusion was lets wait and see and then we were shown that the auction winner was pretty much at market price. I'd lean towards that being the case this time. |
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 What is that? Someone buying 888 DRK every hour. |
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Will we see sub 380 again  maybe briefly. We have been going up (on average) for 8 weeks now, and come next Monday the 1 week macd should finally turn green. Anyone long term shorting will need to finally cut their losses and admit defeat or face liquidation. I dont think the one week MACD will be turning green next Monday Im afraid. Don't be afraid, that's what they want you to feel. That's what they feed on. I have no fear, Ive been long for a month or so Ive said that already, Im being realistic. A weekly candle closing around this price will not flip the MACD. |
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Will we see sub 380 again maybe briefly. We have been going up (on average) for 8 weeks now, and come next Monday the 1 week macd should finally turn green. Anyone long term shorting will need to finally cut their losses and admit defeat or face liquidation. I dont think the one week MACD will be turning green next Monday Im afraid. |
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Back to 330-350 thanks to day traders.
Why does day trading always mean we have to go down to them?
So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price). If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again. And that they will later regret high bids. Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price. |
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Back to 330-350 thanks to day traders.
Why does day trading always mean we have to go down to them?
So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price). If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again. |
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It really is a shame whats happening to this coin, so much potential but lack of progress and an insane amount of inflation ultimately spell more dark days ahead... Hopefully something can turn it around.
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Well least we know the wall is real. Anybody got a spare mill or two ?
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I'd hold off the long... Now is not a time to trade
Cmon... throw in some bids Nah now is not the time plus I used up most my fiat reserves a month or so ago and am pretty much full BTC since then, only shorted last night cause it was so obvious  |
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2k wall @410 on Finex
WOW! ... Very weird move with China still taking off. Most likely an accumulation wall It's an hammer (not in the candlestick sense). Take advantage and buy under it, now it is the time to go long with no much thinking. I'd hold off the long... Now is not a time to trade |
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2k wall @410 on Finex
WOW! ... Very weird move with China still taking off. Most likely an accumulation wall |
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Today is Thursday, the day the criminals had to leave Bitstamp or else have their funds seized. Completely forgot about that.
So is that why we were going up, or the reason we took a bit of a dive again? C'mon people how many criminals do you seriously think took until the last second to get funds off stamp... Then how do you think that compares to the volume over the last couple of days. Permanent tin foil hats around here... |
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