If he gets the award for most posts, our friend Jorge (the most highly-cited computer scientist in Brazil) is at a close second. I wonder if his students know about his little pastime.

Can confirm. Drinking like a fish all week, margin long at $305. More eggnog? Yes please!

It's nice to have actual people posting, still, isn't it? I haven't seen Bitchick in awhile, nor her husband. Maybe an impending bull market will attract some traders back. Good traders, that is, not the reddit gambling brigade.

Accumulation bot. Price goes below x, bot buys small amounts until it is satisfied, getting the best price from the orderbook.

Sandpeople travel in single file to hide their numbers.

Accumulation. It is what smart money does. Then they sell them later at a higher price.

A life well-spent

There are only so many sellers at a given time in any market. The price cannot continue downwards unless there are people willing to sell. And those sold coins don't go into a black hole; rather they go into stronger hands: smart traders, value investors and big money looking for wholesale prices. When the market sells off heavily as it did in early October, it will either find a bottom or sell off further. So far we have found a bottom. It is a sign of strength that we bounced on high volume from $275. If sellers enter the market again and push us below $275, then other possibilities open up and more sellers will be attracted through fear. However, the declining sell volume and high buy volume after the initial selloff tells a story.

It's all about supply versus demand and what the big players are doing. Are they accumulating, preventing the price from dropping? It's likely, although impossible to know for sure. When the majority of sellers are gone, we are free to move up. It takes awhile to shake them out, especially those who have made money all year selling short. Some of this is also supply testing (shakeouts) by big money, seeing how weak or strong the market is and how many floating coins they can scare out of weak hands to vacuum up on the cheap.

Many people have profited by shorting the market from the $600s, no doubt. They are not necessarily interested in Bitcoin technology, nor do they know how it works other than that it's a digital currency traded on exchanges. Some of them are still lingering. Sometimes you'll catch them doing insane things like shorting at $305 on low sell volume. Put them in a volatile situation where the market whipsaws and the have no f*cking clue what to do and lose a lot of the money they made by shorting. It's easy to sell short in a weak market, not so easy to call bottoms/tops and time trades in a changing market.

Lots of these inexperienced traders are over on Reddit, and it's like taking candy from a baby. Then they cry manipulation when trades don't go their way. Seriously. These are not traders. They're kids.

Went long at $305. Here comes the pump.

Edit: this sub has really gone downhill, btw.

I do a bit a trading on the side and just bought a few more coins today. Previously I bought at $300, sold at $430.

I'd love to see sub $200 too, but that ain't happening, sorry. $300 is more likely.

It's a bit trollish lately.

All the emotional players here make for easy money. Thanks guys, keep it up.

No, I'm buying more. Professionals are accumulating silently. The signs are there in the charts if you know how to look for them and understand how smart money operates. These are the cheap coins, my friends. If you're lucky you'll see $300 one more time but don't count on it.

The trick is to figure out what the whales are doing and trade in anticipation of their movements.

A terrible inaccurate submachine gun that you have to reload every 15 seconds? I hope they can do better than that.

Yeah Lamb Chop was an American children's show in the 90s. Remember "The Song That Never Ends" that they made famous? Sometimes when I see pages of his ignored posts I think of it fondly.

Didn't peg you as the religious type. It's pretty clever actually, and it makes BTC worth a little more.

XCP / Counterparty if you really need to take on more risk.

No miners, no bagholders waiting to unload. 2.6 million were created by burning BTC. It's technically not even an altcoin.

Ahh, didn't see that. Would have been a nice one, for sure.

Weekly chart looks good, macd about to cross, sar crossed (or close to it), solid green volume and a nice low-volume, narrow range red candle. Should be an exciting couple months.

Uhh, no that would not work. Look at the order book.

I don't think the auctions will have a huge effect on the price. Why would you go to the trouble to buy all the coins at auction if only to dump them at market with slippage?

No, these buyers are strong hands. If anything some of these coins will get distributed to weak hands during the next exponential run up and you won't even notice.