ChartBuddy
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August 15, 2014, 04:59:41 AM |
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jaberwock
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August 15, 2014, 05:31:46 AM |
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tabnloz
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August 15, 2014, 05:45:24 AM |
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and will, logically, drop the price further ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) )
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Argwai96
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August 15, 2014, 05:46:26 AM |
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Well folks... we going to break the $525 resistance or are we going to swing back down and start another cascade?
Last two days we saw the drops between now and 5 hours after now. If we see no drop, I will start to believe in stabilization, for now. No such thing as stability here. This is just low volume consolidation after yesterday's shockwaves. Personally, I think we could see some very strong downwards movement in the coming days. I think we are unlikely to pass $530.
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jaberwock
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August 15, 2014, 05:47:17 AM |
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Do you think that Ripple has enought firepower to cause a dip on Bitcoin? I doubt. And what he did was market manipulation, wether he adimits or not.
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Newbie1022
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August 15, 2014, 05:49:59 AM |
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Looks like the manipulator is back... Everybody, get your puke bags ready.
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ChartBuddy
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August 15, 2014, 06:00:17 AM |
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Argwai96
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August 15, 2014, 06:11:26 AM |
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Looks like the manipulator is back... Everybody, get your puke bags ready.
Hmmm? I don't see anything out of the ordinary on any of the exchanges. Still just sideways consolidation. But I expect to break downwards within a day. Just a hunch. I'd keep on the lookout for another 5k sell on Bitfinex..... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Newbie1022
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August 15, 2014, 06:14:09 AM |
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Looks like the manipulator is back... Everybody, get your puke bags ready.
Hmmm? I don't see anything out of the ordinary on any of the exchanges. Still just sideways consolidation. But I expect to break downwards within a day. Just a hunch. I'd keep on the lookout for another 5k sell on Bitfinex..... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) There was a shortly lived sell-off on OKCoin that Huobi was starting to follow. Decent intensity, but it got cut off by a wall and also a sell wall got moved up.
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Newbie1022
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August 15, 2014, 06:27:05 AM |
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Bahahahaha... let me guess that you took out a short position? Not calling it either way... could go up 50 or down 50 right now.
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ShroomsKit
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August 15, 2014, 06:45:15 AM |
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You should know by now good news does nothing.
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ShroomsKit
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August 15, 2014, 06:48:16 AM |
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It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down. If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.
There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone. This is pure manipulation and idiot sheep following, afraid of another crash.
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adamstgBit
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August 15, 2014, 06:52:14 AM |
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its been confirmed
we are at war.
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adamstgBit
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August 15, 2014, 06:54:01 AM |
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Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
A long squeeze. best explanation i have heard yet. charts seem to agree, you can see bitfinex went lower faster and also bounced faster. this confirms long squeeze. pretty sure the squeeze was manipulated tho... i mean, new eggs, dell, now ebay and paypal, and we drop? ...ya i buy that... Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital...... ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) convinced? i am
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fr33d0miz3r
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August 15, 2014, 06:54:59 AM |
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It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down. If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.
There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone. This is pure manipulation and idiot sheep following, afraid of another crash.
We don't need another centralized payment system. If no one cares about this problem, early adopters will destroy this shit. RIP Bitcoin.
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TooDumbForBitcoin
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August 15, 2014, 06:55:31 AM |
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In these times of stress with people looking for the perpetrators, I find myself wondering:
Is it more profitable to buy a pitchfork and seek redress, or to manufacture and sell pitchforks?
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Omikifuse
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August 15, 2014, 06:57:12 AM |
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It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down. If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.
There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone. This is pure manipulation and idiot sheep following, afraid of another crash.
Bitcoin won't die because of some falls, otherwise it would be dead already. We came from the 400's not long time ago, if can't remember
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adamstgBit
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August 15, 2014, 06:57:52 AM |
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Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
A long squeeze. best explanation i have heard yet. charts seem to agree, you can see bitfinex went lower faster and also bounced faster. this confirms long squeeze. pretty sure the squeeze was manipulated tho... i mean, new eggs, dell, now ebay and paypal, and we drop? ...ya i buy that... Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital...... ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) convinced? i am there is only 1 reason to drop 5K coins in one blow when the news is good...
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