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capsqrl
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July 10, 2013, 05:40:28 PM |
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trollwall disappeared as quickly as it appeared.
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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bitcodo
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July 10, 2013, 05:44:10 PM |
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I'm scared of whales. I once eat whale persuto from Norway.
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bitcryptonit
Member
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Activity: 93
Merit: 10
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July 10, 2013, 05:44:42 PM |
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trollwall disappeared as quickly as it appeared.
still one have to sell 23k bitcoins so we go back to price that was 2 days ago. People are starting to be nervous about unexpected price rise. I wonder how it will end. |
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thoughtfan
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July 10, 2013, 05:45:00 PM |
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None of the whales want the price to go back to $90-100 yet. There is way, way, way too much money to take from people who will give up their coins when first $60 doesn't hold, and then $50 doesn't hold, and then $40 and $30 are realities.
But in order to do that, you can't just dump from $92-98. You have to depress the market over a longer timeframe in order to encourage a real demoralization of people's hopes for the future. If you don't demoralize people, there won't be fear, and there won't be capitulation.
Besides, if you can short, you can make a ridiculous fortune on the way down too.
That's why there are bull traps on the way down. If it weren't that way, those bull traps would be bear traps. There is _plenty_ of fiat sitting on Gox waiting for a good time to buy. After all, when $100-110-120-130 were the perpetual price point, whoever managed to buy at $80-85 on the last big sell off made themselves a fortune. So why aren't the market buys coming down, especially when you can pick up 10k BTC for less than one mega?
In my view, that makes the direction we're headed in remarkably clear.
The scenario you describe of what's been happening is I'd say not far off the mark. It is also true to say if this overall effect happened so far there's no reason why it could not continue for some time over some further percentage. However I'm guessing the value required in order for there to be enough bitcoin liquidity for buying goods and services and for making long-distance transactions is a long way down from where we are. Not that I'm reckoning we'll get anywhere near there but in theory as long as we're above that level the current price is nothing more than the outcome of our beliefs. I don't believe anybody's statement of how low it will get is guessing, no matter with how much conviction. |
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Ultraviolet
Member
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Activity: 84
Merit: 10
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July 10, 2013, 05:50:31 PM |
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no i mean few $$$ below current price. When i was looking at this week ago there was like 3k in buy orders now there is 33k (-10k fake wall is still 23k). Thats way more than week ago.
This phenomenon has happened rather frequently when the market stagnates. When the price isn't moving there's always people who are trying to play the 500-2k selloffs that happen periodically so that they can resell for a small profit, or in the event that someone does decide to munch the next wall, or there's good news that drives price up, etc. The problem is if you're bidding at $76 or $75 and the dumps start then you're buying at the top. The advantage is that if your bullishness turns out to be correct you make more money than everyone buying at $82-83 to play for $90+. Atrocious volume is not bullish though. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 10, 2013, 06:01:01 PM |
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Frozenlock
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July 10, 2013, 06:01:17 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere.  |
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barbs
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July 10, 2013, 06:04:49 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere. your bearishness over the past few weeks contributed to me making some bad panic trades and losing a lot of money... so it goes both ways. It was of course my decision to sell at the bottom and not rebuy again at 66 but your constant harping about hitting 50 didn't help. It goes both ways. |
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Walsoraj
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July 10, 2013, 06:06:44 PM |
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Rapid flash walls = whale code for "pile on the blubber". Like power rangers forming new mega robot. Not intended to manipulate, just signal req for bigger wall.
Scary times we are in. Perhaps I need to issue a few more USD-tsunamis to help save BTC.
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Frozenlock
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July 10, 2013, 06:11:47 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere. your bearishness over the past few weeks contributed to me making some bad panic trades and losing a lot of money... so it goes both ways. It was of course my decision to sell at the bottom and not rebuy again at 66 but your constant harping about hitting 50 didn't help. It goes both ways. You waited after a 40% drop before selling, but blame the bears?  |
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zemario
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July 10, 2013, 06:12:31 PM |
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Lol, that wall is hilarious. I don't really believe in market manipulation, pump-and-dump, and other conspiracy theories. For me there is money (btc, fiat, whatever) and there is putting your money where your mouth is. I bought a few coins for 70 this week. At this moment I would definitely like that wall to be broken and the price to go up, but all these shy flash walls are obviously weak and their owner lacks balls. What's puzzling me the most at this moment is: why hasn't the price dropped, it has been smelling the wall for what, 3 days? |
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BTCdude007
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July 10, 2013, 06:13:41 PM |
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Less than 8K coins to get past 80.00! I feel that it's going to happen today.
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Loozik
Sr. Member
Offline
Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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July 10, 2013, 06:13:53 PM |
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Scary times we are in.
These are fantastic times. |
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barbs
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July 10, 2013, 06:15:22 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere. your bearishness over the past few weeks contributed to me making some bad panic trades and losing a lot of money... so it goes both ways. It was of course my decision to sell at the bottom and not rebuy again at 66 but your constant harping about hitting 50 didn't help. It goes both ways. You waited after a 40% drop before selling, but blame the bears? No, I wont get into my trades and i'm still up all in all compared to when i got in, but your sentiment (which has been wrong and continues to be wrong) did manage to creep into my mind when i was hovering over buy at 65.5 and didnt' do it. Sometimes I think I'm better off trading without reading these threads  I'm sure your posts have affected others as well, bottom line it's been clearly shown you have no idea and I've learned |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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July 10, 2013, 06:15:29 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere. But what about you? You've been one of the most vocal bears not long ago, right? |
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hlynur
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July 10, 2013, 06:16:05 PM |
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i wonder if we see another dump or that wall finally gets some nibbling
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FNG
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July 10, 2013, 06:17:22 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere. your bearishness over the past few weeks contributed to me making some bad panic trades and losing a lot of money... so it goes both ways. It was of course my decision to sell at the bottom and not rebuy again at 66 but your constant harping about hitting 50 didn't help. It goes both ways. Most bears here are bears because they're planning to buy (more) lower. you contributed to their buy-in |
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Frozenlock
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July 10, 2013, 06:18:15 PM |
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No, I wont get into my trades and i'm still up all in all compared to when i got in, but your sentiment (which has been wrong and continues to be wrong) did manage to creep into my mind when i was hovering over buy at 65.5 and didnt' do it. Sometimes I think I'm better off trading without reading these threads You're insane. I clearly stated on this very thread that I closed my shorts once we reached $66. |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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July 10, 2013, 06:19:25 PM |
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i wonder if we see another dump or that wall finally gets some nibbling
nibble? wall? what?  |
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barbs
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July 10, 2013, 06:19:47 PM |
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Are bears starting to have their ground shaken? A couple days of stability after a spike up and I see bulls popping up everywhere. your bearishness over the past few weeks contributed to me making some bad panic trades and losing a lot of money... so it goes both ways. It was of course my decision to sell at the bottom and not rebuy again at 66 but your constant harping about hitting 50 didn't help. It goes both ways. Most bears here are bears because they're planning to buy (more) lower. you contributed to their buy-in After weeks of success and two awful trades and one missed opportunity I have learned this. I'm waiting for the next opportunity and joining the Bullbears also now... hoping for a dip to buy back in but for now i'm on the sidelines because i've eroded too much of my profit, my risk appetite is much much lower |
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