Did we ever have in BTC history a battle like this one at 480$ ?
Maybe 1$ (I was not around).
Last thing I can remember is the 100-130$ period but more stretched in time.
From the pre 266$ bubble (and after the 10$) I can't remember anything too..
EDIT: Maybe the 5$ on 2012 and 10$ same period, more stretched in time too
Two whole weeks? Over $490 four days ago? LOL You trolling/joking again? Lol no trolling! I think the battle then was not as dramatic and fluctuated more violently OK. How about the last 2.5 weeks of Sept last year? An epic battle at $128. Some people thought we'd achieved the elusive "stability". LOL This is the closest one I have in mind too |
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Did we ever have in BTC history a battle like this one at 480$ ?
Maybe 1$ (I was not around).
Last thing I can remember is the 100-130$ period but more stretched in time.
From the pre 266$ bubble (and after the 10$) I can't remember anything too..
EDIT: Maybe the 5$ on 2012 and 10$ same period, more stretched in time too
Two whole weeks? Over $490 four days ago? LOL You trolling/joking again? Lol no trolling! I think the battle then was not as dramatic and fluctuated more violently |
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Did we ever have in BTC history a battle like this one at 480$ ?
Maybe 1$ (I was not around).
Last thing I can remember is the 100-130$ period but more stretched in time.
From the pre 266$ bubble (and after the 10$) I can't remember anything too..
EDIT: Maybe the 5$ on 2012 and 10$ same period, more stretched in time too
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Thanks for the responses everyone - I hope most realised I was joking  I doubt we will see sub 500 after this week EVER! |
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Shit happens  |
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Ok we all make mistakes, don't be shy and share your drama here! Also when you bought back (YOU DID NOT?  F@@@@@CKKK) |
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Will it take long? |
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BTC whales embracing Monero is a double edge sword, mark my words...
and why do you think so? They will always return to their first love, especially in a rally - what do you think is happening now? BTC are never enough - it is better to have an alt based on BTC haters. Well that will distrubute the XMRs to other holders and prevent the price from skyrocketing too fast / too high. That is a good thing. Sure but it may be done more violently than XMR can handle. We will see, I try to help the project from the backstage (smooth can confirm)... |
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BTC whales embracing Monero is a double edge sword, mark my words...
and why do you think so? They will always return to their first love, especially in a rally - what do you think is happening now? BTC are never enough - it is better to have an alt based on BTC haters. EDIT: It's a psychology thing. They either wanted to gain more BTC (rpietila admitted this and I did so too) and/or hedge on possible BTC failure. Are you kidding me? This is expressing so little faith in Monero, if an alt has any chance to succeed it needs fanatics who aim at No1. Alpha male attitude. |
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If we pass the old ATH I will unignore ChartBuddy  |
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You forgot to mention the dollars paid for this move. You will be eliminated for the following months. Come back whining like a girl in the 12K USD/BTC pop Lol, i'm a permabull, it's just funny how everybody gets when we go up a few dollars, including myself lol |
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You forgot to mention the dollars paid for this move. You will be eliminated for the following months. Come back whining like a girl in the 12K USD/BTC pop |
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Meanwhile, a sharp loud noise is coming from Bitstamp:
CHOO CHOO!!!!!!!!
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Need a big bull buy on bitstamp to get us moving..
Time is on our side  |
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^^ This. Looks like that big buy was no whale accumulator, but a/many shorter(s) closing their positions for low slippage. Potentailly bearish in reality as 11k was waaay too high for the market to make any significant move down. Now at 5.5k, there are not enough shorts to squeeze IMO. What does this mean? I am not very familiar with the technical terms... That big wall on BFX allowed the majority of the 5k shorts to be closed without moving the price significantly. Low slippage = executing an order without significantly moving the market - if the wall had not been there, executing a market buy to close those shorts would have wiped out the order book and pushed the price way higher = high slippage Hence why they were potentially a sitting duck for a short squeeze. Now that they are gone ... On the other hand it is bullish that they closed them, right? Even if we won't have such a sudden spike in price. I'm afraid those shorts were a warranty against the price going down. Shorts are btc sold for usd with the hope of buying back when price goes down, so (i could be wrong as i lack experience there) in my understanding shorts = potential buy pressure on a downtrend. Now that market went clear of those, with low slippage also, it could very well go down to squeeze longs without that added buy pressure. Weren't these shorts a speculation of a falling price? So with them closing, they actually buy new BTC and you never buy before a price you personally see as bottom i'd think. I'd treat this as bullish I really don't know, in my opinion those BTC were already sold when opening the short and now are being bought back at a loss, out of margin calls or fear. It's probably a zero sum game. Still now we have less downward resistance than before. What will come out of this situation i don't know becouse honestly i don't understand this market at all, i only hold. me too, when in doubt hodl |
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