luckygenough56
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February 01, 2018, 12:46:36 PM |
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Hello bitcoinland, still sinking with the ship i see.
Not like you had a chance to sell at 20000 then 17000, then 13000...
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realr0ach
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February 01, 2018, 12:49:29 PM |
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Hello bitcoinland, still sinking with the ship i see.
Not like you had a chance to sell at 20000 then 17000, then 13000...
Yea, I don't care if you're trading widgets hand made by God, the second you see a parabolic blow-off top, you dump everything and walk away from the market. edit: and LOL @ the Bitfinex spoofer's fraudulent wall. This scammer should be in prison. All the fucking tether scams and manipulation and bullshit originate from these idiots running Bitfinex. |
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TERA2
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Deb Rah Von Doom
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February 01, 2018, 12:50:14 PM |
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There's always an ample opportunity to sell within 30% of the bubble ATH. I dont know why I bother trying to pre-empt it during the rally - I lose so much.
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Enjel
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February 01, 2018, 12:51:31 PM |
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Also... he claimed that 15-20 million could pump the market up by up to 10%....
Tell me how buying ~2000 Bitcoins will pump up the whole market by 10%...? It would barely do that on one exchange.
We're not Mt.Gox anymore - there are tons of exchanges. If one actually goes down for some massive scandal, who cares? Just trade somewhere else!
I'm assuming that you could only possibly be talking about Bitfinex. I'm talking about Bitcoin, however.
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RayX12
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February 01, 2018, 12:53:40 PM |
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PoolMinor
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XXXVII Fnord is toast without bread
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February 01, 2018, 12:54:21 PM |
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Also if everybody were to exit Tether, price of BTC should rise not fall..... Unless Tether are not only "unbacked" by real USD but backed by other cryptocurrency assets including BTC... then they would be the ones that are selling to maintain the peg of of $1 USD. If that were the case I hope they end up in jail.
It's not that people would exit Tether, it is that the price of tether against US dollar would be worthless after a reveal of no (or lack of) backing. How many worthless Tethers would it take to buy a BTC? |
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TERA2
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Deb Rah Von Doom
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February 01, 2018, 12:59:33 PM |
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Theoretically the only thing that keeps tether tethered to $1 is TetherBank buying any/all tether's at $1. Without this facility I am amazed that Tether is still where it is. I think it's being held there by bots that are programmed to trade USDT pairs based on USD prices.
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Enjel
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February 01, 2018, 01:00:20 PM |
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Also if everybody were to exit Tether, price of BTC should rise not fall..... Unless Tether are not only "unbacked" by real USD but backed by other cryptocurrency assets including BTC... then they would be the ones that are selling to maintain the peg of of $1 USD. If that were the case I hope they end up in jail.
It's not that people would exit Tether, it is that the price of tether against US dollar would be worthless after a reveal of no (or lack of) backing. How many worthless Tethers would it take to buy a BTC? The USDT is partially backed, is it not? I'm sure they have a few hundred million in there at least... ...so I honestly don't get what the problem is... most people are not going to ever cash out their USDT - it's called Tether for a reason. Even 100 million reserve should be plenty. The whole banking system is fractionally reserved, so why should USDT be such a scandal? I feel as if people are acting as if they *should* believe something, not because it would be truly catastrophic. |
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realr0ach
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February 01, 2018, 01:00:45 PM |
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WHO could have possibly seen this coming: That's what we call the Goldman Suplex. When they bomb it down to the 50% retracement and make people believe they're getting a good deal so they all take longs, while the people sitting on 200,000 coins that were the only thing propping up the market are all dumping on the longs and it implodes down to the 38% retracement or lower wiping out everyone.  |
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rezurect007
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February 01, 2018, 01:02:01 PM
Last edit: February 01, 2018, 01:24:03 PM by rezurect007 |
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2000 BTC Wall splits: 1000@9300 1000@8500 - Appears and disappears repeatedly https://i.imgur.com/zoMnrF0.png |
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realr0ach
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February 01, 2018, 01:04:24 PM |
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2000 BTC wall @9500
2000 BTC Wall splits:
1000@9300
1000@8500
He's not called "the Bitfinex spoofer" for nothing. This entire market is nothing but a fraud orchestrated by that one single entity on Bitfinex. It's been like that FOREVER, since the price was $200, and then they introduced TETHERS on top of that to make it fraud^2. I'm not sure how this entity has not been hunted down by a govt agency yet. One plausible scenario is that it's a govt sanctioned entity like the ESF doing it. In the GATA archives, it came out that the govt attempted to create massive volatility in metals on purpose to make the general public think they weren't a stable store of value or something, so they could be doing the same thing in bitcoin - orchestrating pump and dumps on purpose. Other people believe this entity is just a Chinese pump and dumper named "Zhao Dong". |
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Lopumbo
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February 01, 2018, 01:07:22 PM |
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Check out GDAX. 2% of the volume (just to be generous). Right now 70 million USD of BTC can be sold down to 7000 USD/BTC.
correct Multiply that by about 50, and you get 3.5 billion USD of Bitcoin, more than 2 billion.
No it doesn't work that way. There are 1-2 leading exchanges and the rest follows through arbitrage. If Bitfinex or GDAX dumps hard, every exchange would dump. |
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ccminer.net
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February 01, 2018, 01:09:07 PM |
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Please pardon my ignorance but could you explain how to read these plots thx |
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conspirosphere.tk
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Bitcoin is antisemitic
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February 01, 2018, 01:12:12 PM |
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Please pardon my ignorance but could you explain how to read these plots thx Go to the linked website. The curves on the left represent bids on the major exchanges (notice quantity by price on the scales). The curves on the right the amounts on bitcoins for sale on the same exchanges according the price. |
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mymenace
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Smile
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February 01, 2018, 01:16:27 PM |
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realr0ach
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February 01, 2018, 01:16:59 PM |
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Go to the linked website. The curves on the left represent bids on the major exchanges (notice quantity by price on the scales). The curves on the right the amounts on bitcoins for sale on the same exchanges according the price.
You forgot to tell him that when whales want to dump, they stack the bid side to feign buy support, then have bots auto-remove the bids when the dumps get close. Looking at walls is mostly useless besides determining what the Bitfinex spoofer is doing, or what he's trying to manipulate people into thinking. |
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rezurect007
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February 01, 2018, 01:24:26 PM |
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Wall is pulled completely:  Note: Walls keeps popping up and disappearing |
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mike4001
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February 01, 2018, 01:27:12 PM |
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Well
I predicted it several times and most people said bitcoin will rise soon.
... lol
We won't fall down to 0 of course, but don't epect anything over 10-12k before 2020.
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