Paashaas
Legendary
 Offline
Activity: 3813
Merit: 5422
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January 18, 2017, 03:30:12 AM |
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Another run up? Cool. Unexpected but I like it.
Those with the best crystal balls win.
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12848
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 03:34:13 AM |
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Who the hell is dumping and why??? Seriously, i hope this recovers soon...
Tim Draper  Nah.. that is unrealistic ... bitcoin bulls, such as draper, don't dump btc in such a way to try to tank the price, unless they become either jaded or rage quitting... |
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Sugetsu
Newbie
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Activity: 18
Merit: 0
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January 18, 2017, 04:33:20 AM |
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All I see is little dumps of 0.02 or the like in bitstamp. This is keeping the price from going up, who do you think would want to do this? My theory is that it could be miners with thousands of coins and no transaction fees in some Chinse bitcoin site, or flash traders with bots doing hundreds of transactions a second.
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12848
Self-Custody is a right. Say no to "non-custodial"
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January 18, 2017, 04:46:01 AM |
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All I see is little dumps of 0.02 or the like in bitstamp. This is keeping the price from going up, who do you think would want to do this? My theory is that it could be miners with thousands of coins and no transaction fees in some Chinse bitcoin site, or flash traders with bots doing hundreds of transactions a second.
You are describing an ongoing practice of a multitude of traders, and from looking at these kinds of factors over such a short period, you cannot determine who or motive and it does not even really matter that much because the essence of the matter is that prices went up more than 10% in one day and the momentum is up, even if some folks want to slow down such upward momentum and are hoping that it will reverse.. You cannot really tell what is going to happen, including if someone might be preparing to dumb 1000 coins.. and maybe get some success and maybe not. |
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Karartma1
Legendary
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Activity: 2310
Merit: 1425
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January 18, 2017, 07:36:24 AM |
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Forget libertarians, speculative individual investors and Chinese savers trying to spirit money overseas. The reality is that professionals armed with cutting-edge technology now drive as much as 80 percent of bitcoin trading, mimicking strategies honed by some of the biggest players on Wall Street. To them, bitcoin is just the latest asset class ripe for conquering with machines. For once I completely agree with Bloomberg. This is the reality for the bitcoin price market. We all know it. Reference: https://www.bloomberg.com/news/articles/2017-01-16/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons |
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yefi
Legendary
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Activity: 2842
Merit: 1513
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January 18, 2017, 07:45:45 AM |
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Holding on to that rocket like a pro  |
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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January 18, 2017, 08:47:11 AM |
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Good morning everyone. Morning here anyway.
What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.
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bitcoinminer42
Legendary
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Activity: 1904
Merit: 1185
notorious shrimp!
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January 18, 2017, 09:37:06 AM |
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Good morning everyone. Morning here anyway.
What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.
i predict 2nd |
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2847
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January 18, 2017, 10:37:52 AM |
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Good morning everyone. Morning here anyway.
What is the prediction for today? Dropping back to the mid 800s or settling nicely in to the early/ mid 900s.
i predict 2nd i predict neither, because I think a 3rd sideways option is most likely. |
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soullyG
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January 18, 2017, 10:46:05 AM |
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I have a feeling we're in for a lot of sideways for the next week or two, to complete the massive cup and handle everyone is talking about. As long as we stay above $800 we should be good. Once that's done we'll be back over $1k and ATH in no time..just be patient!
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600watt
Legendary
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Activity: 2338
Merit: 2106
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January 18, 2017, 10:47:43 AM |
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Holding on to that rocket like a pro yeah... but... still wrong direction...  |
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Denker
Legendary
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Activity: 1442
Merit: 1016
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January 18, 2017, 11:05:02 AM |
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I have a feeling we're in for a lot of sideways for the next week or two, to complete the massive cup and handle everyone is talking about. As long as we stay above $800 we should be good. Once that's done we'll be back over $1k and ATH in no time..just be patient!
One or two weeks is nothing. In 2015 we went sideways for several months!!! Therefore my patience is always stronger!!  In terms of the price level you are talking about I agree.Anything above $800 is nothing we need to be worried about. Even if we drop below that for a short moment it is ok. |
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soullyG
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January 18, 2017, 11:58:13 AM |
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One or two weeks is nothing. In 2015 we went sideways for several months!!! Therefore my patience is always stronger!! Very true, after hodling for 3+ years and so many damn pumps and dumps I should have more patience - just so tantalizingly close to ATH and the next big rally! |
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jaberwock
Legendary
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Activity: 3024
Merit: 1131
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January 18, 2017, 12:27:05 PM |
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The Chinese new year is coming, and Donald Trump is coming too, so I don't expect sideways for the rest of January.
Don't know if the effects will last, I expect sideways after january
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boyshx
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January 18, 2017, 12:30:30 PM |
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The Chinese new year is coming, and Donald Trump is coming too, so I don't expect sideways for the rest of January.
Don't know if the effects will last, I expect sideways after january
Are you suggesting the price will keep on rising on chinese new year? It always happens the opposite, and the price dumps a little. |
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ErisDiscordia
Legendary
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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January 18, 2017, 01:39:51 PM |
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Yo dawg! I heard you like cups'n'handles...
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soullyG
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January 18, 2017, 01:40:19 PM |
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Yo dawg! I heard you like cups'n'handles...
Seeing them everywhere now.. |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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January 18, 2017, 01:45:33 PM |
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 RED ... ? |
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OrangeP
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January 18, 2017, 01:48:05 PM |
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Tasty cheap coins mhmhmmhhm.
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alexout
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January 18, 2017, 01:54:18 PM |
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Whats causing the downswing?
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Poll
