Bitstamp wants to dump but market still is shaping by bitfinex price.
Nope.
The fact that no one is following the Bearwhale on Stamp does not mean that Bitfinex is leading. Sounds a bit ridiculous at worse and premature at best to conclude such.
It just means that no one is following the Bearwhale on Stamp.
In the end, I don't know how long it is going to take to resolve this ongoing situation of the bearwhale(s) on Stamp continuing to dump, and none of the other exchanges seem to be following.
In the last couple of days, we have had several dumps bring the price on Stamp from the $1180s to the lower $1160s and then a couple times to the lower $1140s and then twice (in the past 4 hours ) to the lower $1150s .
It's like everyone else is continuing to ignore the Stamp dumps, and maybe the bearwhale on Stamp happens to be much too small - and if such bearwhale was bigger (s/he) could put some coins on other exchanges and coordinate such a dump in order that other exchanges might follow. In the meantime, such Stamp bearwhale is likely losing a lot of money, if no one is following or if no one follows in the end.
In the end, I do not know what is going to happen, because sometimes such dumps seem to be unsuccessful, at first, but in the end, they result in the rest of the market to follow... a kind of continued eating a way at buy support.. but if no one else agrees to dump, then sometimes it just emboldens buyers to buy, then the Stamp dumps increasingly lose credibility and the buyers end up pushing the price back upwards.
I remain a bit torn in my thinking about which way the whole market will end up going in the short term, but as I type this post, I also remain a bit inclined to consider this matter as most likely resolving against the Bitstamp whale.. which means we are going to go up - at least in terms of the Stampwhale getting on board with the rest of the exchanges.. ..
It still remains too early to see exactly how the situation will play out, but the bitstamp whale(s) is (are) the ones that are most out of line at the moment.
Further, I do appreciate that there was more than one point in which there was nearly a $70 difference between Bitfinex and Stamp.. .. and yeah, that is crazy that the Bitstamp whale(s) were dumping into the lower $1140s while the Bitfinex whale(s) were pumping into the upper $1210s.
Poll
