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BTCtrader71
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June 01, 2014, 07:19:18 PM |
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Any word of why we just flash crashed?
explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden? How much was taken off the table? Could the offers simply have been snatched up by speculators in a panic not to miss the train? Right now, the swap offers are close to being ALL GONE. If that was the result of panic buying, the price would be going up by a huge amount, not down. exactly. If the above explanation is true, then this is a bear trap, and we should expect the price to be rebounding up rather quickly |
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No Gods or Kings. Only Bitcoin
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adamstgBit
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:19:48 PM |
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i'm gana recommend a speculative buy who knows bitcoin might get accepted by your mom
<- getting wasted
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TheJuice
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June 01, 2014, 07:20:12 PM |
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and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.
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yrtrnc
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June 01, 2014, 07:20:19 PM |
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Don't be a sheep!
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dreamspark
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June 01, 2014, 07:20:37 PM |
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Fuck sake was just cooking and missed all of that  missed a buy order by $0.50 :/ Thats what you get for trading BTC like a casual... You need to step up your game and trade like this :  LOL. Sometimes thats the case but its supposed to be sunday  |
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BTCtrader71
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June 01, 2014, 07:21:25 PM |
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Any word of why we just flash crashed?
explanation by molecular a few posts back makes the most sense to me. How else to explain that the USD swap offers dried up all of a sudden? How much was taken off the table? Could the offers simply have been snatched up by speculators in a panic not to miss the train? Right now, the swap offers are close to being ALL GONE. If that was the result of panic buying, the price would be going up by a huge amount, not down. exactly. If the above explanation is true, then this is a bear trap, and we should expect the price to be rebounding up rather quickly Swaps have reappeared all of a sudden. Price currently 641 |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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June 01, 2014, 07:21:31 PM |
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i'm gana recommend a speculative buy who knows bitcoin might get accepted by your mom
<- getting wasted
my Mom just called and said she bought the Bitcoin |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:22:16 PM |
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i'm gana recommend a speculative buy who knows bitcoin might get accepted by your mom
<- getting wasted
my Mom just called and said she bought the Bitcoin MILF!@_@ |
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MatTheCat
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June 01, 2014, 07:22:41 PM |
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and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.
Care to elaborate? |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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June 01, 2014, 07:23:18 PM |
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That was cool!  Now I feel like another dump will come and surprise everyone and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.
Care to elaborate? +1 |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 01, 2014, 07:23:21 PM |
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omg i missed this soo much
we should do this ever sunday
I LOVE YOU GUYS
who need a beer?
post your BTC address
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ChrisML
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June 01, 2014, 07:23:48 PM |
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I cant stop looking at those red candles on Huobi. LMAO
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Gingermod
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June 01, 2014, 07:24:41 PM |
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Why are we celebrating?
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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June 01, 2014, 07:24:49 PM |
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Herd mentality: 675 was juicy moments ago, 644 is now mehhh!  Goes to say this rally is not sustainable once momentum fades away..total bid depth pretty much unchanged on stamp/btc-e/finex. |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 01, 2014, 07:26:24 PM |
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I'll give you a virtual clink of a beer stein but I don't drink.
Maybe I should consider starting.
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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June 01, 2014, 07:26:33 PM |
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omg i missed this soo much
we should do this ever sunday
I LOVE YOU GUYS
who need a beer?
post your BTC address
Adams BEER TIME! yeayyy 1BUCKpsdbnfZD5GFnZuPGK8RXY3f5uf2K |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 01, 2014, 07:27:20 PM |
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omg i missed this soo much
we should do this ever sunday
I LOVE YOU GUYS
who need a beer?
post your BTC address
Adams BEER TIME! yeayyy 1BUCKpsdbnfZD5GFnZuPGK8RXY3f5uf2K That's a sweet address 0.o |
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BTCtrader71
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June 01, 2014, 07:27:43 PM |
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and the swap is back. he buys up 100k of swap; offers swap at high rates. closes what he borrowed after a few minutes.
Care to elaborate? The theory is that a mysterious someone on bfx with lots of BTC took up all the USD swap offers so that he could sell a bunch of BTC and crash the market, and the market would be unable to bounce back up. Then it would drift down a little more because there would be nothing to prohibit the panic sellers from selling. For a few minutes, that is. At which time he would buy back a bunch of btc. And then release the swap offers, which would allow other traders to borrow USD and send the market drifting back up. |
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magicmexican
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June 01, 2014, 07:27:58 PM |
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My prediction : 640(now) -> 533 -> 950 -> 400 -> 1200 -> ?
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bigdave
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June 01, 2014, 07:29:21 PM |
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omg i missed this soo much
we should do this ever sunday
I LOVE YOU GUYS
who need a beer?
post your BTC address
Its Miller Time baby! 1BFtyp9so6e1hJp5N6GTw78PiJjE8cCkK2 |
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