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This smells badly already.
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Love the article, but you never called the bottom.
What is the bottom ? 340 ? Will we return to 341 still on the most recent tumble ?
This |
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Looks like when China Gov't tried to "ban" bitcoin to make it lose favor with its young people, and failed, they ended up getting their wish anyway: Chinese selling off massive amount of coins without a real ban. Go figure. Maybe they should use reverse psychology by trying to "ban" it again.
(But.. but... wait, aren't they supposed to be so in love with bitcoin over there?? Guyz?)
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Bifinex has now more then 6000 btc in shorts. Question now is: were those btc actually already shorted or people are still waiting for the right time to do it? Can someone explain how is with short positions on bitfinex? I only do with longs usually? Thanks  Those "shortes" could get fucked up if few big buys happens. That'll be super easy for the whales: Just stop buying for a while, price falls, profit. |
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Damn it was already >$520 and so many people told "We will never see <$500 again".... and what now? Damn with those dumpers and bears.. . Ummm... didn't YOU just say that yesterday was the bottom? https://bitcointalk.org/index.php?topic=741715.0 |
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Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.
If anyone's interested, this provides a nice overview: http://bitcoinprijzen.nl/?q=node/6Thanks! Coinbase ran out of coins the day the Expedia news came out. Then the price proceeded to plummet another $30 in the 24 hours that followed. Ask me how I know this. The price has been in decline ever since. That's why CB running out of coins is meaningless news, unless we are running up in a bubble. |
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Wow, all the screaming that "the bottom is in!", "we'll never see $500 again!", and now we are already heading quickly back down again to $500. Don't believe the hype.
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Be skeptical of Coinbase if they offer you to purchase at a market price 3-4 days later. Also, many times if you try a few hours later, or even the next day, your purchase will go through immediately.
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they only got 26k or so total and only a few thousand have moved. why would this "kill bitcoin"? even 26k being dumped across a few exchanges would not be that big of a deal.
But yet all the sheep were scared shitless that 30K SR Auction coins were going to hit the exchanges. Scared. Fkn. Shitless. It's all anyone talked about for 3+ weeks. |
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Do you think Ethereum has anything to do with this? Too many people now are implying that. It's pretty scare if it's true. Think about it, all the IPOs after the Ethereum IPOs will be seen automatically as scams now.
No, I read somewhere that the Etherium IPO coins remain untouched. Proof? |
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They colluded with other whales (probably close friends) to collectively dump, all the while shorting the market to make massive profits. Insider trading at its finest.
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Margin hunters have more margin calls to fish for, Ethereum dev team has about 3000 more coins to dump on the market in the next two weeks, no volume buyers, and you guys are convinced we have already hit bottom? Really?
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While this is good news, a known Libertarian conspiracy theorist getting onboard with bitcoin is not exactly what I'd consider "shocking" or huge. Tell me either Buffett or Krugman is endorsing bitcoin though, and I'll start thinking we've won the war.  |
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I think the market is really trading different from how it used to be. Maybe a certain class of traders packed their bags and left after the MtGox fraud? It just seems that there's no more real weight (as in volume and velocity) behind bounces after a sell-off. I'd love to see some of that come back..
Also consider that many of those traders had to walk away *without* their bags. It wasn't Bitcoins fault but if I had been Goxxed, I might shy away from Bitcoin for the taste it left in my mouth. If I may posit another plausible theory: I think it's a hell of a lot easier to create a bubble on a single exchange that had something like 80% of the trading market, than the 15+ exchanges we have worldwide today. Especially since a large number of those whale traders back then were concentrated on Mt Gox, and were probably colluding and working together to push the price up (Some of them reading this thread right now, hehe). Couple that with god knows what insider trading shenanigans and bots that Karpeles was running on that abomination of an exchange (to fake demand), likely trying hard to replace all the lost/stolen bitcoin, and China going bananas, and I think you have a perfect storm. Would be much harder to recreate the same today. Especially with all the shorting and arbitrage, that didn't exist back in fall of 2013. |
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wow, real headfake this morning. bull trap.
No, you better not say (er, observe and be right about) that, lest you want a bunch of people on this thread jumping down your throat and calling you a troll. |
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Confirmed. Because fonzie is Proudhon.
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Yes, bitch please. The dumpers are gonna bring us right back below $499 very soon.
Are you shroomsy reloaded? Lol. I don't know why you guys keep saying that Shroomy is a troll. I can tell he's a perma-bull who's just become a jaded realist over time, like me. His skeptical observations and cynicism about the market over the past 10 weeks have been dead on accurate. I don't consider that trolling, just calling it like he sees it. And if we go up from here, I'll be ecstatic. But until I see some real, sustained volume and we can even break $550 again, I'll remain cynical too of these little bull traps. You are both overemotional immature 'investors' who just can't accept the way markets work which turned you into professional whiners on this forum. Good that you're no longer a perma-bull, I guess that's the first step towards enlightenment.  Seriously? So who trolling who now? Not falling for bullshit bull traps is not whining. Saying that good news correlates with the market likely going down, instead of up, is not whining. These are observations anyone with a brain can go back and observe ever since we were at $680. And I haven't sold anything since $800, still holding and accumulating. |
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Yes, bitch please. The dumpers are gonna bring us right back below $499 very soon.
Are you shroomsy reloaded? Lol. I don't know why you guys keep saying that Shroomy is a troll. I can tell he's a perma-bull who's just become a jaded realist over time, like me. His skeptical observations and cynicism about the market over the past 10 weeks have been dead on accurate. I don't consider that trolling, just calling it like he sees it. And if we go up from here, I'll be ecstatic. But until I see some real, sustained volume and we can even break $550 again, I'll remain cynical too of these little bull traps. |
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Bitch please. The dumpers are gonna bring us right back below $499 very soon.
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