abercrombie
Legendary
 Offline
Activity: 1159
Merit: 1001
|
 |
January 29, 2015, 12:01:11 AM |
|
Bitcoin lunar landing cancelled...   |
|
|
|
|
|
|
drbrock
Member
Offline
Activity: 63
Merit: 10
New to BTC not new to the Empire of Chaos
|
|
January 29, 2015, 12:04:11 AM |
|
Are bulls buying again? BFXdata thats total including all exchanges right?  It's just bitfinex Ah right cheers man!! |
|
|
|
|
mymenace
Legendary
Offline
Activity: 1596
Merit: 1061
Smile
|
|
January 29, 2015, 12:05:20 AM |
|
You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.
Exactly! I also focus only on how many btc I am accruing. The amount of $$ is irrelevant.  +1 |
|
|
|
|
YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
|
|
January 29, 2015, 12:14:46 AM |
|
Round 2 of dumping.
From Mao Taimei Liu Xingfu with love...
|
|
|
|
|
damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
|
|
January 29, 2015, 12:19:40 AM |
|
this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .
It's early morning there now. We should see some increased activity within the hour Really? 'Cause their bots are working 24 hour shifts, no caffeine needed. Bots with human supervision  |
|
|
|
|
marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2349
Eadem mutata resurgo
|
|
January 29, 2015, 12:35:26 AM |
|
cornering the market is a real danger for something so small as Bitcoin is right now, these 'dumps' are just theatre to shake coins into fewer and fewer hands ... because generally people are basically stupid and influenced emotionally by price expectations (FUD).
That's why the 'satoshi' stash is needed to thwart any future market cornering attempts, before the next wave gets too big and potentially destructive.
|
|
|
|
|
TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
|
|
January 29, 2015, 12:41:02 AM |
|
|
|
|
|
|
|
JorgeStolfi
|
|
January 29, 2015, 12:41:10 AM |
|
This is looking mighty scary now. A major crash has been building in those limp tops. Question is how it´ll effect Bitcoin  Considering the scale at right, it is not that scary. Not in bitcoin terms, at least. |
|
|
|
|
YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
|
|
January 29, 2015, 12:43:46 AM |
|
|
|
|
|
|
simtal
Member
Offline
Activity: 83
Merit: 10
|
|
January 29, 2015, 12:44:11 AM |
|
I lol'd
|
|
|
|
|
drbrock
Member
Offline
Activity: 63
Merit: 10
New to BTC not new to the Empire of Chaos
|
|
January 29, 2015, 12:46:38 AM
Last edit: January 29, 2015, 01:13:46 AM by Blitz |
|
|
|
|
|
|
|
TeeBone
|
|
January 29, 2015, 12:47:42 AM |
|
This roller coaster is hurting my ass... Bought more at 300 expecting more rise.
Listening to the Cult shysters is an iron-clad way of getting your ass handed to you. The only way to come out ahead in this scam is to sell/short whenever you hear moon, 'good news', wall street, 10K around the corner, etc. |
|
|
|
|
kodtycoon
Legendary
Offline
Activity: 1568
Merit: 1002
|
|
January 29, 2015, 12:54:42 AM |
|
ok... strange...
google: "mcdonalds bitcoin"
|
|
|
|
|
YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
|
|
January 29, 2015, 12:58:33 AM |
|
ok... strange...
google: "mcdonalds bitcoin"
You are a little late. They won't accept no Bitcoin... |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
January 29, 2015, 12:59:58 AM |
|
|
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
January 29, 2015, 01:00:46 AM |
|
cornering the market is a real danger for something so small as Bitcoin is right now, these 'dumps' are just theatre to shake coins into fewer and fewer hands ... because generally people are basically stupid and influenced emotionally by price expectations (FUD).
That's why the 'satoshi' stash is needed to thwart any future market cornering attempts, before the next wave gets too big and potentially destructive.
Well it's going to move a few people who got bear trapped in the most recent price climb Earlier holders from the 180 to 200 range will just take profits for now and see what happens or maybe if they cashed out get back in again and hold longer still a fairly decent entry at 230 even with a down shift or upshift of +50 in the next week or so. |
|
|
|
|
dropt
Legendary
Offline
Activity: 1512
Merit: 1000
|
|
January 29, 2015, 01:01:27 AM |
|
Jesse Powell is the manipulator?  |
|
|
|
|
|
kenji
|
|
January 29, 2015, 01:08:19 AM |
|
|
|
|
|
|
DaRude
Legendary
Offline
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
|
|
January 29, 2015, 01:26:04 AM |
|
But the amount of BTC someone is dumping is amazing
What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013. I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant. To increase your BTC stack you need to sell high buy low. There was like 2500 BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come. So by that logic the 2500 BTC sold from 230 to 226 that never had a chance to be rebought are sheep  i don't buy this theory |
|
|
|
|
|
Poll
