ivomm
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Activity: 1901
Merit: 3171
All good things to those who wait
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January 11, 2018, 04:35:54 AM
Last edit: January 11, 2018, 04:53:29 AM by ivomm |
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Just woke up to see how on Bitfinex 6k 8K BTC were sold from 15K down to 13K in less than an hour and a half. This is not a normal trading. Someone desperately wants BTC to be stopped, but who? Cripple and Eth are going down, only bcash is up... hmmm. Ver is one of the suspects for sure. Or some whale with a low futures bid may be...  Last edit: 7 700 000 BTC sold in one hour and 3000 BTC an hour before. Someone hates the hodlers  |
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LewisPirenne
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January 11, 2018, 04:36:57 AM |
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Since S. Korea is leading the way down (-20% ~ -30% across board), I suppose that Korean are finally starting to discount the possibility that their govt may pull a China-style ban, regardless of whether it's tax authority raid on exchanges or new legislation being discussed. But on the bright side, newbies to the crypto world will finally get a chance to see what their favorite ALT is made of. BTC got here today not because it's the coolest kid on the block, but being basically the last one standing through out all the storms.
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vit05
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January 11, 2018, 04:38:46 AM |
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Could a Minister of Korea just ban all exchanges the same way China has done? Isn't necessary vote on the Congress or something like that?
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gentlemand
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Activity: 2604
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Welt Am Draht
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January 11, 2018, 04:42:56 AM |
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xhomerx10
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January 11, 2018, 04:45:07 AM |
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Thanks! I was sitting here getting dismayed by reading all the FUD about Korea (especially from Reuters) and that picture made me laugh. |
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Heater
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January 11, 2018, 04:45:38 AM |
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Love this reply : Telling people in crypto not to panic is like telling you’re wife to calm down when she’s angry. It tends to fuel the fire. LOL. I think this one might take some time to recover. I hope I’m wrong.
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nikauforest
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January 11, 2018, 04:46:32 AM |
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Love this reply : Telling people in crypto not to panic is like telling you’re wife to calm down when she’s angry. It tends to fuel the fire. LOL. I think this one might take some time to recover. I hope I’m wrong.
Yea! I know that one, so true. |
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MinermanNC
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January 11, 2018, 04:48:06 AM |
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Man this really sux, Its seems like history is repeating itself here. Bitcoin has always remained resilient when ever these little flare-ups occur. Consider where its stemming from  |
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404Revolution
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Activity: 252
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Not Found
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January 11, 2018, 04:55:16 AM |
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U no ban crypto crypto ban u |
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infofront (OP)
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Activity: 2660
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Shitcoin Minimalist
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January 11, 2018, 04:55:32 AM |
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This is what I've been reading too. They're still only planning to shut down any exchange that doesn't strictly follow KYC, tax laws, etc. |
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Enjel
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January 11, 2018, 04:59:06 AM |
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Hey, I have a question - is South Korea actually banning *all* crypto trading?
Or is it just banning noncompliant exchanges? What is actually going on?
If someone has a link to a translated primary source, directly reporting from SK, that would be nice.
BTW, it looks like all the shitty alts (I still maintain that ETH is not a shitty alt), especially XRP, are getting destroyed. My portfolio is down by almost 20% (from its ATH), but I can't help but enjoy seeing the POP of the recent spam-coins back by nothing buy hype and empty promises.
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jojo69
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Activity: 3388
Merit: 4754
diamond-handed zealot
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January 11, 2018, 05:03:58 AM |
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This is what I've been reading too. They're still only planning to shut down any exchange that doesn't strictly follow KYC, tax laws, etc. so...no news |
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ivomm
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Activity: 1901
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All good things to those who wait
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January 11, 2018, 05:09:45 AM |
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Let's hope these 10K+ BTC sold in the last 2-3 hours on Bitfinex (and who knows how many on other exchanges) will be in better hands (  ahem, hodlers). At least there will be a much less resistance going back to 20K, so this shaking out the weak hands is a good thing. |
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jojo69
Legendary
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Activity: 3388
Merit: 4754
diamond-handed zealot
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January 11, 2018, 05:14:31 AM |
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volume on the bounce looks bigger than on the dump to me
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d_eddie
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January 11, 2018, 05:18:36 AM |
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Managed to get meself a lil moar korn.
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d_eddie
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January 11, 2018, 05:19:39 AM |
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volume on the bounce looks bigger than on the dump to me
Maybe, but I think we're not done with the ups and downs yet. Cycles seem to get shorter though. |
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yonton
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January 11, 2018, 05:21:12 AM |
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The fact that bitcoin shrugged this Korean ban off is extremely bullish. Look at the buy support that came in just now WOW! It's time to buy fellas Ive been waiting for a strong signal like this.
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Arriemoller
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Cлaвa Укpaїнi!
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January 11, 2018, 05:25:23 AM |
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So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.
Ok. Extracted just north of $1M @ $14,500 USD/BTC. Once the wire hits my account, I'll load up for round 2. Congratulations BOB. 13500 om Stamp right now, you picked the right time. |
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d_eddie
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January 11, 2018, 05:30:06 AM |
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A nice time to get in the WOT, ztay  |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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January 11, 2018, 05:31:19 AM |
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So who sold at the bottom?
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Poll
