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mooncake
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August 10, 2014, 03:40:26 AM |
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Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet. hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct! do you have the means to check this? If so I would like to kindly ask you to do so. Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds. A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up. With all the good news (Dell and Wikipedia accepting btc and Overstock extending btc acceptance internationally) and few bad news, there is no logical reason for the price to go south. The only cause I can think of is someone with substantial btc reserve is trying to push it down, possibly to buy it cheaply.
There are 2 ways to buy btc - in the market and OTC. The market price is known while OTC is not but OTC is usually tagged to the market price. If I want to buy cheap btc, I will cap the market price to buy huge amount through OTC. Who can do that? Institutions with huge pocket. Take note that this scenario can only last for the short term as the long term is ultimately determined by the overall demand and supply.
What does it mean for individual investors? Hodl!
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ChartBuddy
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August 10, 2014, 03:59:48 AM |
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ShroomsKit
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August 10, 2014, 04:04:01 AM |
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That was a good hour for the Bitcoin!  +few$ is always something and better than minus. I still see a chance to set the price @ >$600 till Monday =) Volume will go up at any time from now. Just check exchange trade volume. In 10h it will go up >$4.5m. Just keep repeating the same thing every day. At one point you will be right. |
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ChartBuddy
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August 10, 2014, 04:59:48 AM |
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ChartBuddy
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August 10, 2014, 05:59:48 AM |
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kireinaha
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August 10, 2014, 06:17:12 AM |
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Last one hour candle closed with volume of 6 BTC on Stamp. lmfao.
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ChartBuddy
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August 10, 2014, 06:59:49 AM |
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ChartBuddy
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August 10, 2014, 07:59:47 AM |
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Davyd05
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August 10, 2014, 08:12:55 AM |
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China with some decent volume growing, lets go overnight fireworks  |
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Searing
Copper Member
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Clueless!
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August 10, 2014, 08:13:21 AM |
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Last one hour candle closed with volume of 6 BTC on Stamp. lmfao.
shudder it all grinds to halt with everyone looking at each other...waiting for someone to blink and buy..(er wait...that is what is happening now)...need something to start this 'stampede'....ebay? amazon? we need your swan song of bitcoin whooo... Searing |
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freedomno1
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Learning the troll avoidance button :)
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August 10, 2014, 08:15:23 AM |
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Just keep repeating the same thing every day. At one point you will be right.
Well that or your chartbuddy and always right hourly every single day Composed with his depth chart and detailed analysis of the bid and ask orders ^_^. |
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Davyd05
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August 10, 2014, 08:27:29 AM |
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5500 volume on huobi on the 30 min chart.. why so serious China?
this is more volume then when it recently spiked above 3700...I guess it really just means were in the accumulation phase.
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thefunkybits
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Activity: 1218
Merit: 1000
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August 10, 2014, 08:53:20 AM |
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5500 volume on huobi on the 30 min chart.. why so serious China?
this is more volume then when it recently spiked above 3700...I guess it really just means were in the accumulation phase.
Yep, and it is not over yet!!! Huobi on a roll!!!  10,000 BTC already on the 4 hour candle and we're not even an hour in... |
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Yololintian
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August 10, 2014, 08:57:49 AM |
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Its all fake, someone selling to himself. Funny how the other exchanges struggle to have any volume in the same period. 0 actual buying pressure.
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ChartBuddy
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August 10, 2014, 08:59:46 AM |
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scarsbergholden
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August 10, 2014, 09:00:15 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
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JorgeStolfi
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August 10, 2014, 09:07:11 AM |
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OKCoin/International started 17 days ago, but is still struggling. Volume in the last 24 h was only 220 BTC (not kBTC). IIRC, that is 1/2 of their daily volume just after opening.
No idea how BitVC, the "international" branch of Huobi, is doing.
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12849
Self-Custody is a right. Say no to "non-custodial"
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August 10, 2014, 09:08:34 AM |
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........>>>><<<.... With all the good news (Dell and Wikipedia accepting btc and Overstock extending btc acceptance internationally) and few bad news, there is no logical reason for the price to go south. The only cause I can think of is someone with substantial btc reserve is trying to push it down, possibly to buy it cheaply.
There are 2 ways to buy btc - in the market and OTC. The market price is known while OTC is not but OTC is usually tagged to the market price. If I want to buy cheap btc, I will cap the market price to buy huge amount through OTC. Who can do that? Institutions with huge pocket. Take note that this scenario can only last for the short term as the long term is ultimately determined by the overall demand and supply.
What does it mean for individual investors? Hodl!
I think that it means both HODL and continue to BUY!!! |
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scarsbergholden
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August 10, 2014, 09:14:10 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
I think it is clear that someone made a deal to buy 10000 bitcoin via huobi. Pretty convenient timing then... asks kept being placed directly before 100-400 BTC buys..... and price moved like $6 on the whole move. We'll see where it goes from here, but seemed like a lot of volume and momentum and not much movement at all. |
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Davyd05
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August 10, 2014, 09:19:01 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
I think it is clear that someone made a deal to buy 10000 bitcoin via huobi. Pretty convenient timing then... asks kept being placed directly before 100-400 BTC buys..... and price moved like $6 on the whole move. We'll see where it goes from here, but seemed like a lot of volume and momentum and not much movement at all. regardless on the 1minute it looks like more coins are bought over all which is why I say this is accumulation station time lol |
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