fragout
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Activity: 1279
Merit: 1018
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March 10, 2018, 08:40:37 PM |
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Btc market is sickening to watch at times. One guy was walling up on stamp for the last few hours and slowly forcing the price down from $9400. He got it down to around 9100 and then pulled the wall and dumped the price another $200. Added the walls again and continued selling. Looked like he was working with about 1000 btc but probably has more in reserve.
Bitfinex and the other exchanges followed like sheep even though their volume is much higher.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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rafanadal
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Activity: 368
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March 10, 2018, 08:44:24 PM |
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These drops are tiresome.
And worrisome. |
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rafanadal
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Activity: 368
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March 10, 2018, 08:45:33 PM |
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What's the logic behind a weekend dump anyway?
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rafanadal
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Activity: 368
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March 10, 2018, 08:45:47 PM |
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8888
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 10, 2018, 09:00:57 PM |
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What's the logic behind a weekend dump anyway?
Banks are closed so it’s a closed ecosystem. Harder to bring fiat onto the exchange so the dump is more effective. And it’s Saturday so people have time to sit in front of their computer screens and panic instead of being at work and oblivious. |
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JimboToronto
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Activity: 3990
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You're never too old to think young.
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March 10, 2018, 09:03:54 PM |
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8888
Oh noes...  |
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rafanadal
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Activity: 368
Merit: 31
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March 10, 2018, 09:10:23 PM |
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What's the logic behind a weekend dump anyway?
Banks are closed so it’s a closed ecosystem. Harder to bring fiat onto the exchange so the dump is more effective. And it’s Saturday so people have time to sit in front of their computer screens and panic instead of being at work and oblivious. makes sense |
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mike4001
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March 10, 2018, 09:14:52 PM |
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I wonder how long people will still be optimistic.
Maybe if Bitcoin is still below 10k in the end of 2018?
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gembitz
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March 10, 2018, 09:29:20 PM Merited by JayJuanGee (1) |
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8888
Oh noes... \\\___back to earth ~ n00b purge 2.0 :-D weeee |
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gentlemand
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Activity: 2590
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Welt Am Draht
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March 10, 2018, 09:29:46 PM |
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Banks are closed so it’s a closed ecosystem. Harder to bring fiat onto the exchange so the dump is more effective. And it’s Saturday so people have time to sit in front of their computer screens and panic instead of being at work and oblivious.
I think this is silly. It's a self fulfilling prophecy that traders play on. 95% or more of fiat on exchanges has been swirling around for weeks or months. It doesn't arrive and is feverishly spunked the moment it's credited with furious button mashing never to be seen again. Every Bitcoin sale results in more fiat being available. And I recall it's flipped on occasion and we got nothing but weekend pumps for weeks on end in the past as well. I wonder how long people will still be optimistic.
Maybe if Bitcoin is still below 10k in the end of 2018?
That would still be mind boggling to me. The 10 grand area was the holy grail for eternity. Now it's, like, whatever. |
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gembitz
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^cryptomatoes tomerkle trees are growing big , why is that not weed? :-D haha |
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JayJuanGee
Legendary
 Online
Activity: 3696
Merit: 10157
Self-Custody is a right. Say no to"Non-custodial"
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March 10, 2018, 09:35:44 PM |
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Can that time ever come when we'll say "we're going to have a week-end pump" instead of week-end dumps?
Merely we have seemingly good odds for a dump, you really don't know whether the weekend as a whole is going to add up to a dump or a pump, so your asserted correlation does not seem to be evidentially substantiated when it comes to bitcoin's longer history. Merely because we are currently in correction period, since about December, you DONT have some kind of truth in a supposed and "inevitable" dump scenario.. Do you happen to recall between late 2015 and late 2017, we were in a bull run, and it remains fairly likely that we are still in that bull run (believe it or not), therefore, we had more than 2 years of largely weekend pumps, or have you forgotten about that, merely, because we are in a nearly 3 month correction period? |
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10157
Self-Custody is a right. Say no to"Non-custodial"
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March 10, 2018, 09:38:35 PM |
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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March 10, 2018, 09:43:58 PM |
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What a grotesque pump and dump.
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mike4001
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March 10, 2018, 09:47:30 PM |
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What a grotesque pump and dump.
I dont see any pump ... |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 10, 2018, 09:47:53 PM |
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Bitcoin private added to CMC today. Might be a good time to dump.
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rafanadal
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Activity: 368
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March 10, 2018, 09:57:20 PM |
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can't sell below 19k  , i would still be poor |
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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March 10, 2018, 09:58:04 PM |
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Good work bitcoin. You have accomplished your purpose of herding all the noobs into imaginary, valueless tokens while the state rigs the price of silver and gold low while buying it all as a form of stealth confiscation. Now 99% of the population will be penniless slaves after the reset as planned.
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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March 10, 2018, 10:12:56 PM |
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Good work bitcoin. You have accomplished your purpose of herding all the noobs into imaginary, valueless tokens while the state rigs the price of silver and gold low while buying it all as a form of stealth confiscation. Now 99% of the population will be penniless slaves after the reset as planned.
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rafanadal
Member
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Activity: 368
Merit: 31
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March 10, 2018, 10:13:59 PM |
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Good work bitcoin. You have accomplished your purpose of herding all the noobs into imaginary, valueless tokens while the state rigs the price of silver and gold low while buying it all as a form of stealth confiscation. Now 99% of the population will be penniless slaves after the reset as planned.
They should pump it to 500k first, then reset.  |
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