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Author Topic: Wall Street dumps vs Legacy dumps  (Read 549 times)
Jlcbba (OP)
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June 14, 2017, 07:20:39 PM
 #1

I've noticed a pattern in the price dumps, particularly for BTC.  If BTC drops but Dash volume doesn't soar proportionally, then it's some financial institute cashing out. But if BTC drop and DASH soars then it's a legacy bitcoiner cashing out and obscuring their trail.  

Thoughts?
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June 15, 2017, 12:56:18 PM
 #2

I've noticed a pattern in the price dumps, particularly for BTC.  If BTC drops but Dash volume doesn't soar proportionally, then it's some financial institute cashing out. But if BTC drop and DASH soars then it's a legacy bitcoiner cashing out and obscuring their trail.  

Thoughts?

Dash volumes are 1/40th of BTC volumes. It is very unlikely that there is a correlation between BTC dump and Dash volumes.
There are many fishes in this pond.


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June 15, 2017, 06:08:55 PM
 #3

I've noticed a pattern in the price dumps, particularly for BTC.  If BTC drops but Dash volume doesn't soar proportionally, then it's some financial institute cashing out. But if BTC drop and DASH soars then it's a legacy bitcoiner cashing out and obscuring their trail.  

Thoughts?

Wall street guys know everything related to current downtrend. Smart money leaves market..

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June 15, 2017, 06:27:25 PM
 #4

there are no wall street guys on the exchanges.

what finance professionals there are, and there ain't very many, will be doing all their buying otc.
Jlcbba (OP)
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June 15, 2017, 07:33:36 PM
 #5

Hmm. Just thought if a new bucket: 'ICO cashouts'.
Jlcbba (OP)
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June 15, 2017, 07:43:14 PM
 #6

I agree there are few financial institutes investing customer portfolios in BTC. But there are financial whales who have zero interest in the philosophy of crypto who are dropping huge chunks of change and then cashing out.  The last one was when BTC hit $2900. This one conveniently happened when ETH hit $400. 
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June 15, 2017, 08:08:01 PM
 #7

Legacy dump scale in 48h = Less than 400 USD.
Wallstreet DUMP = more than 800 USD.

Legit.  Cheesy

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