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rolling
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July 07, 2016, 05:43:11 AM |
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Low volume bot trading in China manages to bring the price down with big volume on other exchanges. They don't even try to hide the manipulation, but I don't blame them, traders are blind anyways.
China, with Huobi, its "leading exchange because of volume" drops with around 500 BTC traded, while Bitfinex drops with around 6000 BTC traded. Whats even funnier is that Bitstamp had more volume on this dip than Huobi. The day these Chinese exchanges have fees is the day the whales lose their surefire way to eat up all you minnows.
Yea, was wondering if anyone else noticed this. Huobi rigged that drop to go as low as possible with 0 volume wash trading. Meanwhile, the entire sell side is 2-3 fake walls that will be pulled and the rest dust, so it could rise right back up to where it dropped from in seconds if "they" wanted to. Next leg is DOWN. No. |
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Hunyadi
Legendary
 Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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July 07, 2016, 06:35:15 AM |
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Over $6 spread @Finex  |
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ask
Legendary
Offline
Activity: 1386
Merit: 1004
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July 07, 2016, 06:36:17 AM |
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Low volume bot trading in China manages to bring the price down with big volume on other exchanges. They don't even try to hide the manipulation, but I don't blame them, traders are blind anyways.
China, with Huobi, its "leading exchange because of volume" drops with around 500 BTC traded, while Bitfinex drops with around 6000 BTC traded. Whats even funnier is that Bitstamp had more volume on this dip than Huobi. The day these Chinese exchanges have fees is the day the whales lose their surefire way to eat up all you minnows.
Yea, was wondering if anyone else noticed this. Huobi rigged that drop to go as low as possible with 0 volume wash trading. Meanwhile, the entire sell side is 2-3 fake walls that will be pulled and the rest dust, so it could rise right back up to where it dropped from in seconds if "they" wanted to. Next leg is DOWN. No. DOWN. |
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dumbfbrankings
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July 07, 2016, 06:41:51 AM |
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Over $6 spread @Finex Some consolation.  |
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Karartma1
Legendary
Offline
Activity: 2310
Merit: 1422
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July 07, 2016, 06:46:15 AM |
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I hate night dumps. My morning coffee becomes even more bitter like this. Halving is approaching and I've never been so uncertain about Bitcoin future. Can't grasp what's going on.  |
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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July 07, 2016, 06:48:45 AM |
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DOWN.
What if it goes up?  |
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ask
Legendary
Offline
Activity: 1386
Merit: 1004
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July 07, 2016, 06:51:45 AM |
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DOWN.
What if it goes up? There is no such thing as "what if". Your predictions were wrong. DOWN WE GO . |
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savetherainforest
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July 07, 2016, 06:54:28 AM |
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454 blks left.
416 BTCitcoin Blocks left!Prepare your bear burn .gifs!!! We gonna burn them all!!! |
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savetherainforest
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July 07, 2016, 07:09:59 AM |
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DOWN.
What if it goes up? There is no such thing as "what if". Your predictions were wrong. DOWN WE GO . Oh God, why is this happening?! Make it stop!! Eh... don't worry... is just the whale shaking up the weak hands... he/she/they want more coins!!! People need to learn to control their emotions. The modus operandi is always of an F'ing White Walker ice man... That will not fly 4ever... when the volumes will increase from the little people they will want to impose some kind of fees, because they will need more equipment for the servers and sh!t, and stuff to flow smooth! |
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PoolMinor
Legendary
Offline
Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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July 07, 2016, 07:14:01 AM |
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All of this is off-topic banter. Except for the image below.  |
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Dotto
Legendary
Offline
Activity: 981
Merit: 1005
No maps for these territories
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July 07, 2016, 07:32:50 AM |
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All of this is off-topic banter. Except for the image below. LOL |
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Dotto
Legendary
Offline
Activity: 981
Merit: 1005
No maps for these territories
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July 07, 2016, 07:37:22 AM |
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That dump doesn´t make sense except as a bear trap. My crystal ball says 680 in no time
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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July 07, 2016, 07:48:50 AM |
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This is why we can't have nice things
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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July 07, 2016, 07:56:18 AM |
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The sky is falling.
Someone must have inside info that the halving is being called off.
Sell everything!
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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July 07, 2016, 07:57:10 AM |
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Used to be, BTC was uncorrelated with world+dog. Now it is correlated with gold. Gold will take a breather now, unless there is a major exogenous driver for it. Maybe the halvening drives gold up, to preserve correlation? Inconceivable! Wouldn't that be interestink.
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TReano
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July 07, 2016, 09:02:12 AM |
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That dump doesn´t make sense except as a bear trap. My crystal ball says 680 in no time
It makes perfect sense. Every noob trader/investor was/is long going into the halving expecting the price to pump. But the Halving pump was the pump to 800$ a month ago. I guess there was a lot of fomo involved they would miss out the halving pump. This is not a shitcoin anymore where a single person can pump it up 200%. Bitcoin is more or less behaving like a regular trading asset. |
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lord raiden
Newbie
Offline
Activity: 37
Merit: 0
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July 07, 2016, 09:06:35 AM |
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Im not very happy with a dump. but it would not be suprising me. we had already a halving-pump. so the halving-day could have no effect on the course anymore. just like it in LTC happend. be cool and hedge you btc with some alts.. so you will win in every case  I hope we get a crazy-moving course in the rest of 2016. not such downcrawling shit as in 2014 after the mega-pump. |
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LFC_Bitcoin
Legendary
Offline
Activity: 3584
Merit: 9822
#1 VIP Crypto Casino
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July 07, 2016, 09:09:00 AM |
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The sky is falling.
Someone must have inside info that the halving is being called off.
Sell everything!
Yes sell it all to me for 300 USD before we go to 0.  |
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TReano
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July 07, 2016, 09:11:38 AM |
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Im not very happy with a dump. but it would not be suprising me. we had already a halving-pump. so the halving-day could have no effect on the course anymore. just like it in LTC happend. be cool and hedge you btc with some alts.. so you will win in every case I hope we get a crazy-moving course in the rest of 2016. not such downcrawling shit as in 2014 after the mega-pump. The 2013 pump was a completely different thing. -We made constantly all-time highs when we broke 250$ back then. -There was no leverage trading. -almost no short trading -less coins overall -Willy bot -no Bag holders. I am not saying this can't happen again, but it's less likely. I expect a lot of sideways after we found new true support. Who knows where it is, I don't have a crystal ball. |
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Denker
Legendary
Offline
Activity: 1442
Merit: 1016
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July 07, 2016, 09:20:05 AM |
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So another shaking out the weak hands before the halving right?
I'm not surprised to be honest.
In a few hours we will back where we had been yesterday.
Furthermore I don't expect a big run the next days or shortly after halving.We will have to wait a bit longer before another run kicks in.
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