jojo69
Legendary
 Offline
Activity: 3346
Merit: 4626
diamond-handed zealot
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January 16, 2018, 08:35:04 AM |
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We're going to test $11,000, aren't we  yep, I called it and then 2nd guessed myself when the dump faltered there just over 12 I HAVE to learn to stop doing that |
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modrobert
Sr. Member
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Activity: 386
Merit: 334
-"When the going gets weird, the weird turn pro."
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January 16, 2018, 08:36:57 AM |
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Never a dull moment. Weak hands are panicking after some old whale placed a market order?  |
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Lontonbit
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January 16, 2018, 08:38:34 AM |
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Ok finally volume pouring in bottom almost here
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milkshock100
Member
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Activity: 242
Merit: 14
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January 16, 2018, 08:40:34 AM |
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Time to buy again
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modrobert
Sr. Member
Offline
Activity: 386
Merit: 334
-"When the going gets weird, the weird turn pro."
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January 16, 2018, 08:40:55 AM |
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Back in 12K land (for now).
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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January 16, 2018, 08:42:14 AM |
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jojo69
Legendary
Offline
Activity: 3346
Merit: 4626
diamond-handed zealot
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January 16, 2018, 08:47:08 AM |
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Romanknickl
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January 16, 2018, 08:51:13 AM |
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Never a dull moment. Weak hands are panicking after some old whale placed a market order? I agree! We have reached the bottom. double bottom. great time to fill the bags. The price is just dropping caused of the bad news. If the panic is over, the price will recover VERY FAST! I bought in before it's too late!  |
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Lopumbo
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January 16, 2018, 08:56:14 AM |
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I agree! We have reached the bottom. double bottom. great time to fill the bags. The price is just dropping caused of the bad news. If the panic is over, the price will recover VERY FAST! I bought in before it's too late! like at 15k$,14k$,13k$ and 12k$? you circle-jerks amuse me |
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Higher Altitude
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January 16, 2018, 08:58:09 AM |
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Never a dull moment. Weak hands are panicking after some old whale placed a market order? Someone got rich. @whalecalls 22m22 minutes ago Okcoin $BTCUSD Quarterly futures has liquidated a long position of 111424 contract at 12,069.65 - 2018-01-16 16:30:04 You mean someone sold 111424 BTC in one fell swoop? Sounds awfully close to the amount the Winklevoss have been holding.  |
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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January 16, 2018, 09:02:40 AM |
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Bottom is either $7500 or $4300.
That bounce at $11700 was pretty peely-wally.
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Higher Altitude
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January 16, 2018, 09:04:04 AM |
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You mean someone sold 111424 BTC in one fell swoop?
Would explain the sudden plunge in price. Positive. |
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Spaceman_Spiff_Original
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January 16, 2018, 09:06:16 AM |
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Never a dull moment. Weak hands are panicking after some old whale placed a market order? Someone got rich. @whalecalls 22m22 minutes ago Okcoin $BTCUSD Quarterly futures has liquidated a long position of 111424 contract at 12,069.65 - 2018-01-16 16:30:04 You mean someone sold 111424 BTC in one fell swoop? Sounds awfully close to the amount the Winklevoss have been holding. 1 contract does not equal 1 btc.... |
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bitserve
Legendary
Offline
Activity: 1862
Merit: 1485
Self made HODLER ✓
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January 16, 2018, 09:11:16 AM |
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Never a dull moment. Weak hands are panicking after some old whale placed a market order? Someone got rich. @whalecalls 22m22 minutes ago Okcoin $BTCUSD Quarterly futures has liquidated a long position of 111424 contract at 12,069.65 - 2018-01-16 16:30:04 You mean someone sold 111424 BTC in one fell swoop? Sounds awfully close to the amount the Winklevoss have been holding. 1 contract does not equal 1 btc.... A contract is $100 if that hasn't changed. So.. $11.142.400 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. |
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BitcoinBunny
Legendary
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Activity: 1582
Merit: 2799
Far, Far, Far Right Thug
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January 16, 2018, 09:13:55 AM |
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I still don't get how pulling 1.3 billion out of crypto gives a massive drop of a total $100 billion+ within such a short space of time.
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Higher Altitude
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January 16, 2018, 09:17:38 AM |
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I still don't get how pulling 1.3 billion out of crypto gives a massive drop of a total $100 billion+ within such a short space of time.
It's probably not the reason. And as someone pointed out 1 contract is 100$, not 1BTC so it's not $1.3B. But I think if it was $1.3B it could have a similar effect when there is low volume imho. I remember last year around the same time the same thing happened and BTC crashed quite hard and took until February to recover. Now looking back at the chart it was just a speedbump. |
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BitcoinBunny
Legendary
Offline
Activity: 1582
Merit: 2799
Far, Far, Far Right Thug
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January 16, 2018, 09:19:44 AM |
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I still don't get how pulling 1.3 billion out of crypto gives a massive drop of a total $100 billion+ within such a short space of time.
It's probably not the reason. And as someone pointed out 1 contract is 100$, not 1BTC so it's not $1.3B. But I think if it was $1.3B it could have a similar effect when there is low volume imho. I remember last year around the same time the same thing happened and BTC crashed quite hard and took until February to recover. Now looking back at the chart it was just a speedbump. Yeah I guess volume is the issue here indeed. a $10K BTC is still an expensive BTC which most people cannot afford to buy a whole one of I would have thought. Onwards and upwards (Eventually & hopefully). |
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Lontonbit
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January 16, 2018, 09:20:24 AM |
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South Korea said the might ban bitcoin trading again. That caused it.
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