empowering
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Activity: 1078
Merit: 1441
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July 09, 2014, 06:09:07 PM |
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chart
That looks like a friggin snake! She said |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Adrian-x
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Activity: 1372
Merit: 1000
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July 09, 2014, 06:18:32 PM |
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Remember the end of may? Volume got very low.
Whale Investors: "Sell in May and go away." They won't come back until the Fall. sell into what? are Whale Investors holding fiat or gold? |
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empowering
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Activity: 1078
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July 09, 2014, 06:30:43 PM
Last edit: July 09, 2014, 06:58:18 PM by empowering |
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  I cut the top of the graph off... but up there, above the blue line.... there are trains and rockets and girls and wealth and shit like that Down the bottom of the graph.... na ya do not want to see what lies down there either.... fire and brimstone n a devil with a penchant for buggery from what I hear. All hail the mighty Bitcoin... ahem.. I think I may have taken leave of my senses |
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iram3130
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Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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July 09, 2014, 06:39:22 PM |
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Pathetic volume is pathetic.
I really saw this kind of volume and market movement after long time on weekdays, it is really boring week till now. |
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Torque
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Activity: 3556
Merit: 5041
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July 09, 2014, 06:40:28 PM |
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Remember the end of may? Volume got very low.
Whale Investors: "Sell in May and go away." They won't come back until the Fall. sell into what? are Whale Investors holding fiat or gold? Fiat. They don't really want to have to micro-manage their investments during their summer months, and have to pay the tax man. Also, it would not surprise me if some of them took profits in April-May, and invested them into something else in the meantime to keep the return going. But investors always return in the Fall. They need to get their ROI pump in once more before the year end. Watch the stock market, you'll see these same Spring-Fall patterns played out over and over again. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 09, 2014, 07:00:26 PM |
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EuroTrash
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July 09, 2014, 07:53:48 PM |
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a few hours ago we were over 625 for a moment on Stamp. Then we had 150 coins to 625. Then 300. Now 762. For a low volume day, the selling pressure is increasing considerably...
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Krabby
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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July 09, 2014, 07:55:29 PM |
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Long term trendline is nearing once again...
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edwardspitz
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July 09, 2014, 07:59:11 PM |
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a few hours ago we were over 625 for a moment on Stamp. Then we had 150 coins to 625. Then 300. Now 762. For a low volume day, the selling pressure is increasing considerably...
Yes, it is starting to look a bit difficult. But traders at Finex don't care if China doesn't follow or if things start to look difficult on Stamp. They just buy more  |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 09, 2014, 08:00:27 PM |
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thezerg
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Activity: 1246
Merit: 1010
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July 09, 2014, 08:17:19 PM |
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a few hours ago we were over 625 for a moment on Stamp. Then we had 150 coins to 625. Then 300. Now 762. For a low volume day, the selling pressure is increasing considerably...
Yes, it is starting to look a bit difficult. But traders at Finex don't care if China doesn't follow or if things start to look difficult on Stamp. They just buy more The amount of longs really is quite large on BitFinex at 30.5 million now. At these levels it seems like someone could create a flash crash with a small push that would feed upon itself as margins get called. It has happened before on BitFinex. Total Speculation: So how could this amount of leverage happen? Let's say a whale was ready to move in with 20-50 million... clearly this would bring us to a new price level. Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price? Or how about tempting leverage harvesters to attempt to flash crash, but also keeping a hidden bid of USD on BitFinex so he can sweep in and purchase the BTC at the flash-crash price. |
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hyphymikey
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July 09, 2014, 08:25:04 PM |
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Manipulator on bitstamp is trying to create panic sells near the trend line by putting up huge sell walls. Good thing is its not working. I hope a whale comes along and takes his damn coins from him. You can tell it is mostly one person because he keeps shifting his asks around, as seen on bitcoinity.
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edwardspitz
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July 09, 2014, 08:27:38 PM |
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a few hours ago we were over 625 for a moment on Stamp. Then we had 150 coins to 625. Then 300. Now 762. For a low volume day, the selling pressure is increasing considerably...
Yes, it is starting to look a bit difficult. But traders at Finex don't care if China doesn't follow or if things start to look difficult on Stamp. They just buy more The amount of longs really is quite large on BitFinex at 30.5 million now. At these levels it seems like someone could create a flash crash with a small push that would feed upon itself as margins get called. It has happened before on BitFinex. Total Speculation: So how could this amount of leverage happen? Let's say a whale was ready to move in with 20-50 million... clearly this would bring us to a new price level. Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price? Or how about tempting leverage harvesters to attempt to flash crash, but also keeping a hidden bid of USD on BitFinex so he can sweep in and purchase the BTC at the flash-crash price. That sounds scary and not totally unlikely. |
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Raystonn
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July 09, 2014, 08:36:02 PM |
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Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price?
Sorry, how would that work again? How do you go long on leverage without buying? |
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derpinheimer
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Activity: 896
Merit: 1000
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July 09, 2014, 08:36:55 PM |
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That bitstamp bot asks have finally moved down to near current price.. (From something like $680 a few days ago)
Hope to see it get eaten.
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edwardspitz
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July 09, 2014, 08:43:39 PM |
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Manipulator on bitstamp is trying to create panic sells near the trend line by putting up huge sell walls. Good thing is its not working. I hope a whale comes along and takes his damn coins from him. You can tell it is mostly one person because he keeps shifting his asks around, as seen on bitcoinity.
I agree. I'am also watching Bitcoinity. It seems that the ask walls shrink as soon as someone buys something. So it appears he doesn't really want to part with those coins  But it is clearly a positive sign that he doesn't just dump in order to bring the price down. At this point he prefers to achieve his goals by manipulation. That is my interpretation. So many games being played. Not only do we have to guess whales intentions we also have to guess if he will be successful in his manipulation attempts |
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elux
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Activity: 1458
Merit: 1006
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July 09, 2014, 08:45:23 PM |
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kireinaha
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July 09, 2014, 08:47:28 PM |
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I'm pretty sure we're going down again within a day or two max. I wish it weren't so, but the market sentiment seems to be dropping again and I'm getting strong vibes here.
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empowering
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Activity: 1078
Merit: 1441
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July 09, 2014, 08:51:36 PM |
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Ermahgerd  |
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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July 09, 2014, 08:52:37 PM |
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I'm pretty sure we're going down again within a day or two max. I wish it weren't so, but the market sentiment seems to be dropping again and I'm getting strong vibes here.
Hmmm. It seems when things get this "tight" with little movement we are about to push up again so I would disagree. I think another day or two at most before we break out upwards. |
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