Tzupy
Legendary
 Offline
Activity: 2128
Merit: 1074
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December 15, 2014, 10:01:22 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because the bubble hasn't fully deflated yet? |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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December 15, 2014, 10:01:39 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because if you figure out that we are heading to $270 you can much better dump as fast as you can now that they are worth much more. MS doesn't change this market overnight. It is good that they are experimenting, but it is far from full integration (means paying employees bitcoin for example) |
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dakota neat
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December 15, 2014, 10:02:38 PM |
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Back in January/February that article would cause 300$ pump  They missed the target because of an one year irrational bear market. People lost money with bitcoin so why should they be willing to spend on some random stuff they don't need? |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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December 15, 2014, 10:03:14 PM |
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This dump started on Bitstamp, not in China, so maybe Chinese traders think this announcement was bullish.
Oddly enough, Huobi is very bearish on the orderbook. Already 5K BTC to reach the 24 hour high of 2183! Thats bad. Remember that OKCoin/BTCChina orderbooks are mostly bogus. Huobi is not, at least not to the same degree. I wasnt very convinced this drop was a big deal until seeing that steep mountain of asks on Huobi TBH. |
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dakota neat
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December 15, 2014, 10:05:03 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because the bubble hasn't fully deflated yet? Huh? Check the charts we're bottoming out already. |
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octaft
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December 15, 2014, 10:05:20 PM |
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Why do dicks like you feel the need to justify how much of a dick they are by trying to belittle someone who is calling them out for being a dick?
Haha, you funny man. Go SJW elsewhere please. You do realize the only people who use that term are self-conscious boys who need to belittle women (and more confident men) to make themselves feel better, right? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 15, 2014, 10:06:29 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because the bubble hasn't fully deflated yet? Huh? Check the charts we're bottoming out already. are we bottoming or is the bear bubble about to pop? |
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NotLambchop
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December 15, 2014, 10:07:19 PM |
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Back in January/February that article would cause 300$ pump They missed the target because of an one year irrational bear market. People lost money with bitcoin so why should they be willing to spend on some random stuff they don't need? Conversely, if BTC rallied instead of tanking, why should people be willing to spend their golden ticket on "random stuff they don't need?" |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 15, 2014, 10:08:47 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because the bubble hasn't fully deflated yet? Huh? Check the charts we're bottoming out already. are we bottoming or is the bear bubble about to pop?   |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 15, 2014, 10:13:40 PM |
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Back in January/February that article would cause 300$ pump They missed the target because of an one year irrational bear market. People lost money with bitcoin so why should they be willing to spend on some random stuff they don't need? Conversely, if BTC rallied instead of tanking, why should people be willing to spend their golden ticket on "random stuff they don't need?" thats what the ticket is for tho... |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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December 15, 2014, 10:13:53 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because Microsoft is selling BTC via Bitpay. |
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silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
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December 15, 2014, 10:15:25 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because the bubble hasn't fully deflated yet? Huh? Check the charts we're bottoming out already. are we bottoming or is the bear bubble about to pop?  |
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NotLambchop
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December 15, 2014, 10:17:07 PM |
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...
thats what the ticket is for tho...
Yeah, I get it, but why not use it while BTC's tanking? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 15, 2014, 10:17:50 PM |
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Why would anyone dump just after the MS announcement and right before the money hits the exchanges?
Because the bubble hasn't fully deflated yet? Huh? Check the charts we're bottoming out already. are we bottoming or is the bear bubble about to pop?  |
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inca
Legendary
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Activity: 1176
Merit: 1000
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December 15, 2014, 10:18:26 PM |
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You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.
Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.
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truetalkci
Newbie
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Activity: 14
Merit: 0
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December 15, 2014, 10:20:51 PM |
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You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.
Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.
Microsoft does NOT accept Bitcoin! Price downtrend continues Still a downtrend for long term |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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December 15, 2014, 10:21:45 PM |
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This dump started on Bitstamp, not in China, so maybe Chinese traders think this announcement was bullish.
Oddly enough, Huobi is very bearish on the orderbook. Already 5K BTC to reach the 24 hour high of 2183! Thats bad. Remember that OKCoin/BTCChina orderbooks are mostly bogus. Huobi is not, at least not to the same degree. I wasnt very convinced this drop was a big deal until seeing that steep mountain of asks on Huobi TBH. On Bitstamp the dumps came mostly from asks that were added the last 2 days but probably gave up waiting for a pump. Let's see if Huobi follows the same pattern... |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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December 15, 2014, 10:22:03 PM |
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You could be right Blitz. They may be your coins of course. In a market this thin the moves may come down to a single trader making such a short term decision.
Of course long term the utility, visibility and legitimacy of bitcoin is soaring into the stratosphere. Eventually fundamentals will drag the exchange price up kicking and screaming.
Microsoft does NOT accept Bitcoin! Price downtrend continues Still a downtrend for long term Falllling, stick to the troll threads please. Edit: welcome to ignore. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 15, 2014, 10:23:45 PM |
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thats what the ticket is for tho...
Yeah, I get it, but why not use it while BTC's tanking? why not buy a Virgin Galactic space plane ticket and jump off mid flight because you're afraid it might crash and burn. why not! |
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Richy_T
Legendary
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Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 15, 2014, 10:28:04 PM |
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Why do dicks like you feel the need to justify how much of a dick they are by trying to belittle someone who is calling them out for being a dick?
Haha, you funny man. Go SJW elsewhere please. You do realize the only people who use that term are self-conscious boys who need to belittle women (and more confident men) to make themselves feel better, right? Nice try. That's the second time you've slung insults around in some misguided attempt to make a point. You need to work on your debating style. |
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