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BitofaN1
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October 05, 2015, 07:12:43 PM |
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Correct me if I'm wrong, but why do some bears consider that last SR auction, good news for them?Aren't those auction participants buying at market price or slightly above it? Why would they dump those coins on exchanges instead of waiting for a significant increase in price?
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Fatman3001
Legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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October 05, 2015, 07:22:19 PM |
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Correct me if I'm wrong, but why do some bears consider that last SR auction, good news for them?Aren't those auction participants buying at market price or slightly above it? Why would they dump those coins on exchanges instead of waiting for a significant increase in price?
I've seen some of them suggest this as well. But the bigger worry is probably that the auction will remove 44k bitcoin x [number of bidders] of buying pressure from the regular markets. |
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emelac
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October 05, 2015, 07:27:08 PM |
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Correct me if I'm wrong, but why do some bears consider that last SR auction, good news for them?Aren't those auction participants buying at market price or slightly above it? Why would they dump those coins on exchanges instead of waiting for a significant increase in price?
The mere announcement of an auction often produced a dump even if the price pumped after the auction. We never found out what any winner paid, and I think it depended on sentiment at the time of particular auctions. I guess the first auction winner paid $500 - $600 market price to win all the coins. Although there was a good pump after the first auction the winner says he's still holding them. However, I guess the second auction winners paid less than the market price judging by the post auction dump. The sentiment was bearish at the time of the second auction. |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 05, 2015, 08:02:36 PM |
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ImI
Legendary
Activity: 1946
Merit: 1019
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October 05, 2015, 08:13:33 PM |
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240 arriving farts
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SnokkomBTC
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October 05, 2015, 08:14:50 PM |
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240 arriving farts
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BitofaN1
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October 05, 2015, 08:29:25 PM |
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Correct me if I'm wrong, but why do some bears consider that last SR auction, good news for them?Aren't those auction participants buying at market price or slightly above it? Why would they dump those coins on exchanges instead of waiting for a significant increase in price?
The mere announcement of an auction often produced a dump even if the price pumped after the auction. We never found out what any winner paid, and I think it depended on sentiment at the time of particular auctions. I guess the first auction winner paid $500 - $600 market price to win all the coins. Although there was a good pump after the first auction the winner says he's still holding them. However, I guess the second auction winners paid less than the market price judging by the post auction dump. The sentiment was bearish at the time of the second auction. If I were a troll whale, I'd pump the shit out of BTC on the 4th of November so that nobody gets to have cheap coins the next day at the auction. |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 05, 2015, 09:02:36 PM |
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dEBRUYNE
Legendary
Activity: 2268
Merit: 1141
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October 05, 2015, 09:04:50 PM |
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Nice 1k buy on stamp :-)
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Dilla
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October 05, 2015, 09:10:12 PM |
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I think we are in for a wild ride soon
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HeXaN
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October 05, 2015, 09:20:01 PM |
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Im waiting "gemieffect"
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adamstgBit
Legendary
Activity: 1904
Merit: 1039
Trusted Bitcoiner
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October 05, 2015, 09:22:13 PM |
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this is for the canadians!  |
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julian071
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October 05, 2015, 09:23:18 PM |
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I think we are in for a wild ride soon
Yup. I'll be ready to sell the news. |
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tarmi
Legendary
Activity: 1232
Merit: 1011
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October 05, 2015, 09:38:14 PM |
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this is the news guys.
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ssmc2
Legendary
Activity: 2002
Merit: 1040
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October 05, 2015, 09:39:17 PM |
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this is the news guys.
Yet no one is dumping. |
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tarmi
Legendary
Activity: 1232
Merit: 1011
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October 05, 2015, 09:44:27 PM |
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no point to dump into your own buy walls.  |
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ChartBuddy
Legendary
Activity: 2898
Merit: 2496
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 05, 2015, 10:02:25 PM |
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BitofaN1
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October 05, 2015, 10:07:25 PM |
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WOW 2.5k wall at 240 on BFX. Prepare moon suits.
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rjclarke2000
Legendary
Activity: 1358
Merit: 1016
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October 05, 2015, 10:11:34 PM |
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WOW 2.5k wall at 240 on BFX. Prepare moon suits.
Moon suit has been ready for 2 years now |
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findftp
Legendary
Activity: 1022
Merit: 1014
Delusional crypto obsessionist
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October 05, 2015, 10:55:29 PM |
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WOW 2.5k wall at 240 on BFX. Prepare moon suits.
Moon suit has been ready for 2 years now My moon suit is partially eaten by moths... |
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