Going to ~270 again.

BlindMayorBitcorn

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Re: Going to ~270 again.

December 17, 2014, 03:14:29 AM

#61

Quote from: mlferro on December 17, 2014, 03:12:18 AM

Quote from: BlindMayorBitcorn on December 17, 2014, 02:17:28 AM

Quote from: wolffbit on December 17, 2014, 02:13:56 AM

why is bitcion going down the last few days anyone knows? something specific happened?

The USD is pumping and Bitcoin bears are minting it short-selling BTC on margin, I think:-[

Edit: I guess that was more a recap than a reason. Also people are simply walking into Mordor and buying ripple now Shocked

this may explain the increased ripple

It's all very sinister I imagine

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.

fewcoins

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Re: Going to ~270 again.

December 17, 2014, 03:56:24 AM

#62

Remember every short is actually a contract to rebuy bitcoin at some point in time... so if the bulls squeeze the shorters out with huge market buys they would be forced to cover right away or they might even lose allt heir bitcoins to the exchange, who would probably buy more btc with it, instead of shorting it