Hmm, 7k slope now and bitfinexs data on bitcoinity is acting rather strange. Any reason to suspect bitfinexs credibility?
I saw some odd chart behaviour earlier today as well. Figured it was just a glitch. This seems strange though. This doesnt appear to be a glitch. Very odd. One party has added around 7,000BTC to the asks on Bitfenix. That makes that the highest ask sum on BFX for 6 weeks (Last time it was higher was second week of May) And, the bid sum is at the lowest since it's been recorded (4mos) Huobi is also very bearish right now with 3k asks already coming up since the spike. Bitstamp is the only exchange that is acting normal. This wall was created by one whale and is nothing meaningfull - will be removed when we go higher. You need only 2k coins and margin to do that. Nothing spectacular. |
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Actually, you're just ignorant. It's quite obvious that is how it works. Even if there were bidders putting in offers above market price, the majority of the coins will be below. Haha, you are such a FUD-ster.  Who the heck cares about majority, the ones that mean smth are serious buyers. I believe there were many trying their luck with low bids. |
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Oooh, bitfinex just did a new trick, the appearance of a 2.5k slope! What a revolutionary breakthrough in wall technology, have to change the thread title to the wall and slope observer now  Yea true, funny and stupid all at once. Bfx book is such a joke. |
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Haha, you are such a FUD-ster. |
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FIAT just arrived at stamp, will see the effect.
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Woot, 2.3k wall at 230 on bitfinex Not sure how much truth there is in this July the 4th stuff but I'm guessing that will be one seriously butthurt whale before too long  Scarewall. |
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The train makes a short pitstop. Will continue soon again The minute when money will arrive to stamp. |
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Note to everyone: this are not US Marshals Auction bid details, these are bid details of only SecondMarket syndicate auction.
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Mat, hang on to your pants and walk away from the trading machine. Set an alert and come back in 5 days. You'll be happy.
I really don't think so. Longer term charts are shaping up nicely but shorter term ones (4hrs) are looking horrible. Bearish divergences and overbought states all over the place. Funny, really funny. Stop your TA shit as you can see it doesn't work for you, neither it would work for others. |
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MatTheCat we went an hour or so before the pump from $590 to $575. You would probably be shaken out if you would be long. You really can't see anything further than 15 minutes?
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what happened
Haha... obviously coins went much below the market price... or above... wait... i am not sure... hahaha |
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So is the auction over?
In 10 mins probably. |
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Timeline:
1) Large Buyers are slowly accumulating Bitcoin as exchange depth allows, trying not to run the price up on themselves while they try to fill their accounts to their planned levels of exposure.
2) They find out about the SR Seized Coin auction. Some may have found out before the public announcement.
3) They stop buying on exchanges and save their funds for later bids at the auction.
[ ... ]
No sane manager would change his firm's financial strategy on account of the possibility of winning a closed-bid auction -- especially one where every moderately rich bitcoin enthusiast in the world can bid. The chances of winning such an auction with a financially responsible bid price are way too small. From a business perspective, bidding at such auctions is an opportunistic activity: winning would be great, but one must be prepared to lose many times before scoring a win -- or even to lose every time. Irrelevant. Every single bidder that showed up at this auction has funds reserved for a bid of at least 1 lot of 3,000 coins. Many have funds for more, and some for all lots. Many losing bidders will be left without coins. At some point these bidders made the decision to be buyers of Bitcoin. This decision is unlikely to change as a result of this auction. So we can expect most of the buyers to move their bids elsewhere rather than remove them entirely. This is a great deal more purchasing power than is required for the purchase of these <30K coins. However, there will be more coins auctioned by the US government in the future. And there is an OTC market -- only the perma bull case asserts that these buyers need to buy NOW. More coins auctioned? Sure, but at a much higher price |
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When does the auction finish??
I think on 30th June auction will be finish, and hope sideways movement too and will move upwards after that. Auction finishes today 6pm EST I know auction finish today and anonunce on monday but till bid will not anounce we can't say it is finish. It is very likely that we will know some bids before monday. |
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Like every losing bidder who tried his luck for a sweet deal at $200-$400 a pop will now suddenly want to jump in at $600..  I think you are a condescending butthole to assume that the names on that leaked list are dumbasses that want or expect coins to sell for $200. You are a freaking moron if you believe that. Those were heavy hitters that could buy and sell you a 100 times over. They don't waste their time "hoping" for a deal. And they don't bid on bitcoin unless they want it. I am delirious to believe bidders will make low ball offers! Yes those buyers are patient enough not to buy on exchange at 500-600, buying coins were always possible before that auction! You are most certainly long and probably leveraged, maybe in pain due to high swap cost and recent decline, thus your harsh attitude. A long squeeze is highly due You don't realize that 90% can be low ballers, we need only one guy to have high bids. |
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I think this guy missed the crash and now tries to push up to $590 with this spread "opinion" to sell his coins.
then we will go back to regular downtrend for the next days...
He will need to push much further to sell his coins in black (around $700 i think). |
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Maybe you didn't suffer any losses, but you were so loud the days before that probably quite a few users suffered listening your "smart" moderator statements. Got the point?
It's the responsibility of the reader to make their own decisions. Ultimately his is just another opinion among trillions of them. Go tell this to 80%+ of this forum. |
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Never said he's wrong. You said he's the best trader on TradingView, I implied it's weird that the best trader experienced an 80% drawdown thanks to leverage. Says the guy who said bitcoin would collapse at $70. Come on man, tell us why he's wrong? Lol I said it would collapse at 130; it did collapse, yet not as far as I thought. It also didn't cause me to suffer any losses. Not that this ad hominem has to do with the argument. Why are you being so frantically antagonistic of late? Maybe you didn't suffer any losses, but you were so loud the days before that probably quite a few users suffered listening your "smart" moderator statements. Got the point? |
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I just tried this. Doesn't work as advertized.
As far as I know this was already fixed. |
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They will rollback the trades and everything will be just fine, no need to worry so much about cascade.
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