Neo_Coin
Sr. Member
 Offline
Activity: 1204
Merit: 293
"Be Your Own Bank"
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January 16, 2018, 09:39:35 AM |
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bitserve
Legendary
Offline
Activity: 1890
Merit: 1587
Self made HODLER ✓
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January 16, 2018, 09:41:19 AM |
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That's the total value of the position that got LIQUIDATED. So that guy is a few (depending on leverage used) millions poorer not richer.
I should probably not try to analyze things when I get up in the middle of the night... back to sleep for me... Here's hoping the front hasn't fallen off Bitcorn when I wake up again in a few hours... But it is true that long positions being liquidated is what drives the price down FURTHER. No matter if the guy lost money, those $11 million BTC got sold to liquidate the position. Most of the time, the extreme movements up/down is prolonged by sort/long squeezes that are forced to buy/sell coins. It's not like there is that many people selling at the bottom nor buying at the ATH. |
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Lontonbit
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January 16, 2018, 09:45:15 AM |
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Doesn't seem to be excelerating, it's actually bouncing At least we have front row seats.  And tell stories to our great grandchildren about how we were there. Doesn't seem to be excelerating, it's actually bouncing My dear friend, it will slice through like a hot knife through butter; dear oh dear... millennials  Your chart is a fart in the wind 💨 |
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UnDerDoG81
Legendary
Offline
Activity: 2184
Merit: 1213
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January 16, 2018, 09:46:25 AM |
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Finally it's happening. I am 100% in btc and hodl. But this crash was needed. Alts crashing dramatically.
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JayJuanGee
Legendary
Offline
Activity: 3934
Merit: 11357
Self-Custody is a right. Say no to"Non-custodial"
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January 16, 2018, 09:49:17 AM |
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Where are the buyers??
Me, me, me. |
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jojo69
Legendary
Offline
Activity: 3388
Merit: 4755
diamond-handed zealot
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January 16, 2018, 09:50:48 AM |
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glad you're up Jay
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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January 16, 2018, 09:51:33 AM |
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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January 16, 2018, 09:52:23 AM |
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Altcoins roasting on an open fire
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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January 16, 2018, 09:52:30 AM |
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Well this is shit.
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Dakustaking76
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January 16, 2018, 09:53:10 AM |
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Can someone explain bitcoin for sake Why are we going down?
Is there a bad news going on?
Hodling 4 Life Ofcourse
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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January 16, 2018, 09:54:45 AM |
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Dentacoin my sweetheart down 47%. So sorry I had to love you and leave you.
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xxxgoodgirls
Legendary
Offline
Activity: 1092
Merit: 1001
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January 16, 2018, 09:55:04 AM |
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I don't get what's going on, are chinese futures going to expire tomorrow?
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HairyMaclairy
Legendary
Offline
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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January 16, 2018, 09:55:32 AM |
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Can someone explain bitcoin for sake Why are we going down?
Is there a bad news going on?
Hodling 4 Life Ofcourse
Bitcoin go up. Bitcoin go down. You can’t explain that. |
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Neo_Coin
Sr. Member
Offline
Activity: 1204
Merit: 293
"Be Your Own Bank"
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January 16, 2018, 09:55:39 AM |
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Lontonbit
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January 16, 2018, 09:56:14 AM |
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It's just South Korea talking about banning bitcoin again
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UnDerDoG81
Legendary
Offline
Activity: 2184
Merit: 1213
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January 16, 2018, 09:59:47 AM |
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Finally it's happening. I am 100% in btc and hodl. But this crash was needed. Alts crashing dramatically.
The sea of read on CMC is brutal.  Ciao Ripple Trashcoin  seriously, why do people invest in digital FIAT? |
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Elix9
Newbie
Offline
Activity: 56
Merit: 0
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January 16, 2018, 09:59:59 AM |
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Think there will be another drop once East Coast wakes up?
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Roccker
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January 16, 2018, 10:00:12 AM |
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So much hope still on the forum - does this mean we go down much more, till there is despair?  What gives me hope is the huge influx of newbs coming to the exchanges in the last 2 months (some exchanges are still closed because being overwhelmed by signups?) I think this will not prevent any fall, but makes for a good rebound after good news + price starting to rise again happens (Question if in days / weeks or months) |
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LewisPirenne
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January 16, 2018, 10:00:37 AM |
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Due to the fact that the selloff started from Chinese related OKEX and Bitfinex and the timing coincide with a certain news coming out on Sina, I think it's that Reuter FUD from PBoC Vice Governor. Those interested can read it up. But it fits the general trend (and rumors since the end of last year) that noose is being tightened on crypto again in China. All those OTC trade after the exchange ban, capital flight to exchanges across the border in HK, and BTC mining now screwing up electricity consumption data in China, means that Chicom is interested in doing something about it.
I honestly would not worry so much about China or even South Korea, but rather a coordinated G20 action as hinted by Mnuchin and Bundesbank member. The actual G20 summit is later this year, but they can always come up with some sort of joint communique thru scheduled events or workgroups. So our fellow brethens who favors on-chain scaling need to try harder with their "we are only trying to disrupt payment space and provide banking to the unbanked poor" meme. The banksters and govt never bought that argument in the first place, now they are outright calling Bitcoin for what it is, i.e. the good ole numbered Swiss account, with your personal SWIFT terminal attached, before Swiss sold their soul and bank secrecy law to USG in 2009.
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Neo_Coin
Sr. Member
Offline
Activity: 1204
Merit: 293
"Be Your Own Bank"
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January 16, 2018, 10:02:34 AM |
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Can someone explain bitcoin for sake Why are we going down?  |
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