Rabobank is in the top 30 biggest financial institution in the world.
They repeatedly said they won't help bitcoin business. But they are testing ripple.
Conclusion: Bitcoin was the experimentation, ripple is the future for the value web.
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Regardless of the rest of the day aside, I guess BTC will be at 350ish before this week end. We'll see what happens at 350, it could go lower. If a huge rebound were in the cards, it would have already happened by now. Still crossing my fingers though.
Yeah I dont get it, seems like the price holds steady and then boom, someone dumps a ton knocking down a wall drive the price down, where it will sit back and forth in a range only to get knocked down more some time later. Why is that confusing? If someone sells, you would expect the price to drop. The fact that such small sells take the price down so much is testament to how overvalued BTC is right now. |
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Major volume standoff @ 2300 on OKCoin
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I thought it odd and posed the question derpinheimer. You are the first to answer.
Edit: wisdom still not displaying the asks correctly.
Huobi doesnt "send" its whole orderbook to the exchange monitoring sites like bitcoinity/wisdom/etc You can only see it on their website, here: https://www.huobi.com/trade/index.php?a=depth |
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Huobi:
Price 2307
Total asks: 2500 coins
Bids to 2000 8000 coins
Snapshot of the exchanges shows good visible orderbook support here. Sentiment is at rock bottom but it will take a lot of selling to push through this by the bears/'Manipulator'. Conversely it wouldnt take much to lift us back up over 400. Are there really only 2700 coins on the ask orderbook on huobi when 3800 were sold earlier in a short space of time?
Where did you get these numbers??? Asks to 3,000CNY -> BTC10,000 Bids to 1,500CNY -> BTC11,000 Wisdom/ bitcoinity I dont understand how you could reasonably think there were only 2,500 asks on the entire orderbook.  |
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Huobi:
Price 2307
Total asks: 2500 coins
Bids to 2000 8000 coins
Snapshot of the exchanges shows good visible orderbook support here. Sentiment is at rock bottom but it will take a lot of selling to push through this by the bears/'Manipulator'. Conversely it wouldnt take much to lift us back up over 400. Are there really only 2700 coins on the ask orderbook on huobi when 3800 were sold earlier in a short space of time?
Where did you get these numbers??? Asks to 3,000CNY -> BTC10,000 Bids to 1,500CNY -> BTC11,000 |
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Please drop.... just another 20%... one more time... for me? Need more cheap coins... please...  It must be awful briefing believing your investment will increase 1000 fold at 340 but only a measly 800 fold at 390. Clearly, you have so much faith in this investment that you announce to others your intent to buy if they sell. 20% for an additional 200 rounds adds up quite quickly... And yet it's totally insignificant in the grand scheme of things. Buying at $340 vs $390 will have very small effects on your average buy in price. So 1000x from now, you have $40m USD if you get your last buy in at $340, or $39m at $390. Presumably your proposed buy is at least 10% of your your total Bitcoins that you own now. So you are saying 'I'm trading $4m USD of guaranteed gains for a slim chance at $5m USD gains' Tell me how that isn't stupid, and clearly bullshit. These numbers are not spot on for the hypothesized info I gave, bit they're fairly close. |
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Please drop.... just another 20%... one more time... for me? Need more cheap coins... please... It must be awful briefing believing your investment will increase 1000 fold at 340 but only a measly 800 fold at 390. Clearly, you have so much faith in this investment that you announce to others your intent to buy if they sell. |
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Anyone who says the BTC price would've hit 1200 without Willy Bot, isn't aware of the facts.
They are the reason the price went that high. There was nothing "organic" about those price increases whatsoever.
And now that they're gone, we have proof of that.
-B-
My opinion, too. Yes, they created interest in Bitcoin which did increase its real value, in effect. But, they've also left many bagholders and delusional hodlers who think bubbles are a natural,repeating phenomena. This is why the price will always trace backwards, until a real market attracts big buyers. Will that ever happen? Maybe. But until then, up and down with an overall downwards slope. |
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Peculiar situation.
Market seems ready to move up, but it's not going without a fight.
The dumping is looking more manipulative at these levels. Possibility we go lower now is still there, but not that likely.
I'd say without breaking $400 in the next 24 hrs, the likelihood of more dumps is exponentially higher.
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There is one entity that is putting huge sell pressure on exchanges and is sistematically dumping every few days, so bottom will be reached once this secret entity decides to stop this pattern, not once we reach some "magic" number.
Ooh, a secret entity is pushing the price down with real coins? Its almost like that bot that bought up TENS OF MILLIONS OF $$$ WORTH COINS, with money that didnt even exist! This cant be the result of a market being pumped and dumped, no no no.. Impossible. |
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a bunch of models in the background, i like it who needs models look at that sexy machine I noticed the models first, too... Maybe that shows that I am a bit of a perv?   that is so bearish! i didn't even notice the girls until someone someone said somthing <- true bitcoiner high on koolaid Honestly I didnt notice them either. Then someone pointed out there were models and I saw the one on the right. Then it got quoted again and I saw the other ones  I spent a lot more time looking at the photoshopped shadows of the ATM |
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What makes you think that? Couldn't the bottom be $266?
Pff, no. This time its different. All the guys saying $466, $566, $666, $766, $866, $966, $1066, and $1166 were the bottoms were just nutjobs. $366 is really the bottom! |
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Almost 5k to get back to 400.
Obviously we must go down even more.
in rally mode it one would say "only 5K to 400, its going to rocket there any minute!" sadly bitcoin is definitely not in rally mode.  Eh. In the good 'ol days, a 30k wall was "huge" Today, a 3k wall is huge. |
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Interesting read, whales still increasing their positions in accordance   I dont see this as a good thing, no matter what way you look at it. |
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About BTC2k of walls pulled from mid-high 400's on Bitstamp.
To be moved down or market sold? Hmmm.
Fsck, first time its dropped in a long time. A lot of that wall is one trader and I'd guess that's most of the stash if its there to intimidate. Yeah. Also I just noticed its 3k, not 2k. |
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About BTC2k of walls pulled from mid-high 400's on Bitstamp.
To be moved down or market sold? Hmmm.
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Ask yourself one question, why is finex bid side so populated with more than 12k coins down to $300. They want these coins cheaply with margin calls.
How about ask why the bid sum is so low overall? I do agree 100% that the BFX activity is really peculiar. It's possible that an entity is selling on bit stamp to trigger sells into much deeper bids on bfx. Possible... Not extremely unlikely, even, but I won't put my money on that bet. Good luck to those who do, because I still never sold a coin despite my pessimism, that has been validated so far. |
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