kodtycoon
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Activity: 1568
Merit: 1002
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June 25, 2014, 11:19:48 AM |
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did btc just fall below the very long term uptrend? :/
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ShroomsKit
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June 25, 2014, 11:19:58 AM |
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I can't believe there are still people here who don't think this is because of the auction.
"Just normal market behaviour".
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madmat
Legendary
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Activity: 966
Merit: 1000
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June 25, 2014, 11:22:23 AM |
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I can't believe there are still people here who don't think this is because of the auction.
"Just normal market behaviour".
I believe it is because of the auction. You need to stop thinking people are rational, they are stupid! This is why auction has so much influence on price. |
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dgarcia
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June 25, 2014, 11:22:41 AM |
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The bear trap is worse than I expected. Feel sorry for everyone selling right now
People shouting "Bull Trap!" or "Bear Trap!" before the trap is evidently visible, aren't more than doubtful guys trying to make themself more confident that the market will go where they wish. |
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TERA
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June 25, 2014, 11:23:22 AM |
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Luckily there is this 6K high pile of bids on huobi.
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MatTheCat
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June 25, 2014, 11:26:02 AM |
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did btc just fall below the very long term uptrend? :/
Yeah....and on low volume! If we have slipped -$20 below the Jan 2013 support line on this sort of volume, I wonder how low we could ping when a bout of panic selling kicks in? Looks like yet another time where I have called the market correct yet stand to make no money. I was short. But unfortunately I was short on Bitfinex whilst market was still consolidating and was also foolish enough to set a stop loss providing Bitfinex with all the tools it needed, to farm my Stop Order along with a whole bunch of other Stop Orders. Indeed, because of the shady way that Bitfinex front run clutches of Short Stop Orders and then sell back to them at a higher price, on this occasion, I have called market correct and actually lost money. |
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fonzie
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June 25, 2014, 11:27:42 AM |
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The bear trap is worse than I expected. Feel sorry for everyone selling right now
Haven´t you already felt sorry for everyone who sold/shorted around 650$? |
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MatTheCat
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June 25, 2014, 11:27:51 AM |
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The bear trap is worse than I expected. Feel sorry for everyone selling right now
People shouting "Bull Trap!" or "Bear Trap!" before the trap is evidently visible, aren't more than doubtful guys trying to make themself more confident that the market will go where they wish. Wow! You don't even have blatchcorn on ignore! |
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damnek
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June 25, 2014, 11:29:53 AM |
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did btc just fall below the very long term uptrend? :/
Yeah....and on low volume! If we have slipped -$20 below the Jan 2013 support line on this sort of volume, I wonder how low we could ping when a bout of panic selling kicks in? Looks like yet another time where I have called the market correct yet stand to make no money. I was short. But unfortunately I was short on Bitfinex whilst market was still consolidating and was also foolish enough to set a stop loss providing Bitfinex with all the tools it needed, to farm my Stop Order along with a whole bunch of other Stop Orders. Indeed, because of the shady way that Bitfinex front run clutches of Short Stop Orders and then sell back to them at a higher price, on this occasion, I have called market correct and actually lost money. How can exponential growth in price be a "trend"? Get real ppl.. |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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June 25, 2014, 11:30:34 AM |
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 Interesting week so far  |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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June 25, 2014, 11:30:53 AM |
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dat wall
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N12
Donator
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Activity: 1610
Merit: 1010
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June 25, 2014, 11:31:05 AM |
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Total sum of active swaps 26,134,755.35 USD
Don't those maniacs on Bitfinex ever decrease their margin positions, or do they just wait until they get liquidated? It's like a ticking time bomb.
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falllling
Member
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Activity: 112
Merit: 10
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June 25, 2014, 11:31:55 AM |
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Stop Lying to Yourself, there is no more bull trap/bitcoin bubble, we can only go down from now on,
better start selling your own coins now to stop lose!
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ShroomsKit
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June 25, 2014, 11:32:02 AM |
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I see it's tour de trolls again. We go down a few dollars and they pop up left and right.
What a sad fucking life.
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falllling
Member
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Activity: 112
Merit: 10
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June 25, 2014, 11:33:34 AM |
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I see it's tour de trolls again. We go down a few dollars and they pop up left and right.
What a sad fucking life.
Stop Lying to Yourself, you know even $3xx is not the bottom! $18x is coming! |
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fonzie
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June 25, 2014, 11:34:09 AM |
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 Hodlers! Don´t worry! |
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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June 25, 2014, 11:34:16 AM |
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why? even the "institutional investors" like and want cheap coins.
That's not the point. The important part is not what they are bought at, but what they might be sold at (if they are sold at all). That list is composed of nothing but holders and dumpers. The institutional holders will do all they can to ensure that the coins don't fall into the wrong hands that would then turn around and dump them on the exchanges. I guarantee you you will see a bid war way past $400. We can only hope that the institutional guys win. It's a blind auction, so there's no bid war. Though we can assume some people will either really want those bitcoins (just like some people might pay a premium for the coins directly originating from the genesis block), or prevent a large sum of bitcoins to fall into the wrong hands (and by that i mean some kind of troll whale who could crash the price by buying overly cheap bitcoin). Therefore we can assume the highest bid is at the very least at the market price. And is more likely to be above it than below it. |
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Wandererfromthenorth
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June 25, 2014, 11:34:51 AM |
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did btc just fall below the very long term uptrend? :/
Yeah....and on low volume! That's right, it's fucked up beyond belief IMHO. And all this before the actual auction, ouch  |
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Wandererfromthenorth
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June 25, 2014, 11:35:54 AM |
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I see it's tour de trolls again. We go down a few dollars and they pop up left and right.
What a sad fucking life.
Dude, it's not about a bunch of dollars, it's about BTC breaking that long term trend which never happened before and on low volume on top of that. |
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fonzie
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June 25, 2014, 11:36:44 AM |
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why? even the "institutional investors" like and want cheap coins.
That's not the point. The important part is not what they are bought at, but what they might be sold at (if they are sold at all). That list is composed of nothing but holders and dumpers. The institutional holders will do all they can to ensure that the coins don't fall into the wrong hands that would then turn around and dump them on the exchanges. I guarantee you you will see a bid war way past $400. We can only hope that the institutional guys win. It's a blind auction, so there's no bid war. Though we can assume some people will either really want those bitcoins (just like some people might pay a premium for the coins directly originating from the genesis block), or prevent a large sum of bitcoins to fall into the wrong hands (and by that i mean some kind of troll whale who could crash the price by buying overly cheap bitcoin). Therefore we can assume the highest bid is at the very least at the market price. And is more likely to be above it than below it.  |
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