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barbs
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November 13, 2014, 11:51:36 PM |
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i'm laughing so hard. good thing i had work drinks tonight.
Moon Gentlemen require the right suits. Wiring more money to bitstamp now. this bubble aint going to fuel itself.
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Erdogan
Legendary
 Offline
Activity: 1512
Merit: 1005
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November 14, 2014, 12:53:24 AM |
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Healthy dump
We're down 50 dollars since last night and the buying pressure completely stopped. Nothing healthy about it. So we know how illiquid the market is, from the 30K dumper. Speculation: Someone with a large stash of fiat money, could be the fund (based on the comment that someone in OKcoin carelessly revealed) or some other rich entity, person or institution. Looking at the trade volumes, which easily can be several hundred thousand coins per day in aggregate, they thought that the start (maybe 1000 BTC) was piece of cake for that large market. But we got a spread of 50 USD between OKcoin and bitstamp, less differences with Huobi and Btcchina. After more than a day, there is still a spread, while the normal situation is that bitstamp is a few dollars higher. The arbitrage is probably small, we know that it is quite expensive in fees, and take a long time to shuffle the fiat around. Probably, the reason for the normally close prices is that the normal bitcoin trader uses more than one exchange, and when he wants to buy he uses the cheapest. So they have learnt that when they touch the exchange, they drive the price. What will they do? I guess after some consideration, they will start to use all the large bourses and spread out the buys. That could happen in a few days. They will learn that they still will drive the market, but this time without the large spread. So one conclusion they might draw, is that bitcoin is too small, it will present the same type of problem when they want out, and just give up. Or, they just bite the apple and let the price rise. |
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SkyValeey
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November 14, 2014, 12:58:51 AM |
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This is getting kinda stupid.
Hey you little piece of shit, GTFO, 90% of your posts = pure trolling. So get lost please, thank you. |
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MyMindOnSat0shi
Newbie
Offline
Activity: 12
Merit: 0
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November 14, 2014, 03:01:13 AM |
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what's with the bitcoin/bitcoin.org coordinated crash?
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YogoH
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November 14, 2014, 03:03:30 AM |
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DDOS and Coordinated dumps...
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MyMindOnSat0shi
Newbie
Offline
Activity: 12
Merit: 0
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November 14, 2014, 03:09:48 AM |
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going to get some more tinfoil and bring the tomato plants in, brb
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Wandererfromthenorth
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November 14, 2014, 03:15:31 AM |
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Nevermind, dumps are relentless, maybe a bounce into the $370.
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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November 14, 2014, 03:17:19 AM |
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DDOS and Coordinated dumps...
that probably means it is time to buy soon... not yet, but soon |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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November 14, 2014, 03:20:32 AM |
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DDOS and Coordinated dumps...
that probably means it is time to buy soon... not yet, but soon Is that what is happening... |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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November 14, 2014, 03:24:41 AM |
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DDOS and Coordinated dumps...
that probably means it is time to buy soon... not yet, but soon Is that what is happening... been going on like this for 2 years now. remember back in march - april 2013. price goes up. ddos. price goes down. price goes up. ddos. price goes down. |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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November 14, 2014, 03:26:07 AM |
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Bitcoin the currency is totally useless. Everyone is just going to use the blockchain technology.
You must have read that somewhere... It is both. No blockchain, no bitcoin. No bitcoin, no blockchain. |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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November 14, 2014, 03:29:50 AM |
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DDOS and Coordinated dumps...
that probably means it is time to buy soon... not yet, but soon Is that what is happening... been going on like this for 2 years now. remember back in march - april 2013. price goes up. ddos. price goes down. price goes up. ddos. price goes down. This is my first year  |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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November 14, 2014, 03:30:03 AM |
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Normal situation with bitstamp on top, restored. Small and steady rise can continue.
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Wolf Rainer
Legendary
Offline
Activity: 1960
Merit: 1022
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November 14, 2014, 04:10:05 AM |
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Forum under DDOS attack and bitcoin getting dumped... This is obviuos manipulation for buying low, that means SOON the price will skyrocket!
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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November 14, 2014, 04:14:00 AM |
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lay785
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November 14, 2014, 04:14:28 AM |
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if manipulator ddosing what would they gain?
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wmr42393
Member
Offline
Activity: 77
Merit: 10
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November 14, 2014, 04:15:46 AM |
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Forum under DDOS attack and bitcoin getting dumped... This is obviuos manipulation for buying low, that means SOON the price will skyrocket!
yer some green candles are due right about now... |
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brg444
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November 14, 2014, 04:17:21 AM |
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if manipulator ddosing what would they gain?
Limit traders access to information |
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bengtåke
Sr. Member
Offline
Activity: 309
Merit: 250
confused developer
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November 14, 2014, 04:20:55 AM |
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if manipulator ddosing what would they gain?
They might be avid collectors of butthurt |
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