ChartBuddy
Legendary
 Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 17, 2014, 10:59:38 AM |
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Newbie1022
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August 17, 2014, 11:02:39 AM |
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Extremely, extremely, extremely run for the hills type of bearish news. First, there were a lot of buys because there was a lot of volume and volatility... there was action on both sides of the tape and with Coinbase as a middleman that leaves them dry (and anyways, that is historic, now... it's already priced in). Second, it means NOBODY will be buying from Coinbase all week -- a major purveyor of coins to the Average Joe. Why? Well, because the market is extremely volatile right now and you don't know where the hell the price will be (but assuming even in a worst case scenario there is a recovery by then that price would be HIGHER than it is today... you wouldn't do it). It's God awful news. I don't know how the hell anybody could read it as positive news. I am certain I am being a bit hyperbolic, but yea... not good. Newbie you just shorted so your hoping that the market remains bearish in order for yourself to come out the in the green. Coinbase exists to make money. If there is volume in both sells and buys equally on coinbase, coinbase ends up with extra bitcoins and extra USD. There has to be more buys than sells on coinbase in order for them to no longer have any BTC for sell. I did just short. I actually shorted right after I saw that. I think it's terrible news. Interpret it as you will. Also, you don't know that there are more buys than sells... there probably would have been, but guess what... nobody is going to be buying coins with them until they know what the Friday price is. Newbie.. your response is pure bullshit and FUD spreading .. I just hope you are NOT coming to these ridiculous non fact based conclusions on purpose.  Overly emotional response. I hope that you all realize that I simply don't f---ing care enough to try to spread FUD. It was my take on a story. I like being right. It is why I banter about which way the market is going. Anyhow, it doesn't really matter that the market should go down (for this reason or a handful of others) because the volume is so heavy. I need to learn to just stay put otherwise I'll get nickled and dimed to death. Have a jolly evening. And don't accuse me of s---. I don't like that. I just say what's on the top of my head. |
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Newbie1022
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August 17, 2014, 11:04:15 AM |
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Extremely, extremely, extremely run for the hills type of bearish news. First, there were a lot of buys because there was a lot of volume and volatility... there was action on both sides of the tape and with Coinbase as a middleman that leaves them dry (and anyways, that is historic, now... it's already priced in). Second, it means NOBODY will be buying from Coinbase all week -- a major purveyor of coins to the Average Joe. Why? Well, because the market is extremely volatile right now and you don't know where the hell the price will be (but assuming even in a worst case scenario there is a recovery by then that price would be HIGHER than it is today... you wouldn't do it). It's God awful news. I don't know how the hell anybody could read it as positive news. I am certain I am being a bit hyperbolic, but yea... not good. YES>>>>>> you are being hyperbolic, and you seem to be spreading FUD... maybe you are NOT doing this on purpose, but you are making much more out of the situation than the FACTS support. The news is bullish.. b/c it means that a lot of Coinbase customers are buying and have bought more coins than Coinbase had prepared for sale. The news is problematic, b/c we do NOT know how long Coinbase is going to remain without coins for sale.. Your stating an assumption that they are NOT going to have coins for four days b/c that is what the message states for the guarantee of coins being available is also misplaced.. b/c nothing in that message should cause you to assume that Coinbase will NOT have coins until the stated dates.... additionally, I have experienced that they usually get coins much more quickly.. probably even in less than a day.. but we may have to wait until Monday... possibly. So the news would be problematic if we have to wait until Monday or even later for BTC to be available through coinbase. Again, don't accuse me of s---. I would note preface my words with "I am probably being hyperbolic" if I was trying to spread nonsense. Also, my name is Newbie, bro. Emphasis on new. Cheers! |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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August 17, 2014, 11:07:04 AM |
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That doesn't make sense at all, why would be coinbase bought out? They must have atleast few k's of BTC stored, no?
maybe they want to keep those |
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Newbie1022
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August 17, 2014, 11:09:22 AM |
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The reality is, I am in trading mode because I am an impulsive character and I have too much time on my hands this summer. Definitely not a generally advisable plan although I've gotten much, much better at it than when I started.
Hey Newbie1022. Don't listen to the hodl trolls, now is the time to trade. (actually, always is the time to trade, if you can spend some time on it and are willing to learn). That said, here's some advice I wish someone would have given me: Historically, Bitcoin greatly favored holding coins (which is why so many in here believe in pure buy & hold). So a lot of us heard about Bitcoin, got excited, bought in -- and them some of us started trading. The advice I consider extremely useful: don't trade with your entire position from the beginning. You should rarely go "all in" anyway because of risk control, but even the size of your trading account that you consider for individual order size should only be a fraction of your entire Bitcoin account, imo. Say, you start with 10% of your Bitcoin account. Had a profitable month? Double that percentage. Made a loss, cut it in half. You get the idea. It's the "probation" period for you as a trader, and it allows you to, as you say, learn the ropes without incurring major losses through bad decisions. However, since the situation is looking a lot more bearish now than a month ago imo, the default position of keeping the rest of your Bitcoin account in coins is maybe not the best advice either. But whatever you decide in that respect, I suggest to not actively (i.e. daily, or weekly) trade with the entire account, unless it is small enough that it really doesn't matter. Hey man, thanks so much for the positive insights. Yes, I was actually walking around tonight and thinking... I should be doing better than I am. Trading itself, between slippage on the price and fees add up a lot quicker than you realize (not if you do one or two trades... but if you get too neurotic which I am capable of). I decided, upon seeing how the order book held up despite China wanting to repeat the crash, that it is time to go long -- I mean, China bled 4% from when I entered a short and I still managed to lose a couple dollars after fees... there just isn't any burn there. So yes, I am long and have made a pact with myself that barring a complete psychotic catastrophe that I won't even long in to the exchange for a week. Have a jolly evening. |
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JayJuanGee
Legendary
 Online
Activity: 3906
Merit: 11174
Self-Custody is a right. Say no to"Non-custodial"
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August 17, 2014, 11:24:32 AM |
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That doesn't make sense at all, why would be coinbase bought out? They must have atleast few k's of BTC stored, no?
Who knows exactly how many BTC they keep stored per day. .or over the weekend for that matter? and then Bitstamp (their apparent source for coins) has a bank holiday on Friday, too... And then Coinbase is servicing the whole united states, too... they probably one of the main ways that people in the USA buy coins... |
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JayJuanGee
Legendary
Online
Activity: 3906
Merit: 11174
Self-Custody is a right. Say no to"Non-custodial"
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August 17, 2014, 11:27:39 AM |
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Extremely, extremely, extremely run for the hills type of bearish news. First, there were a lot of buys because there was a lot of volume and volatility... there was action on both sides of the tape and with Coinbase as a middleman that leaves them dry (and anyways, that is historic, now... it's already priced in). Second, it means NOBODY will be buying from Coinbase all week -- a major purveyor of coins to the Average Joe. Why? Well, because the market is extremely volatile right now and you don't know where the hell the price will be (but assuming even in a worst case scenario there is a recovery by then that price would be HIGHER than it is today... you wouldn't do it). It's God awful news. I don't know how the hell anybody could read it as positive news. I am certain I am being a bit hyperbolic, but yea... not good. Newbie you just shorted so your hoping that the market remains bearish in order for yourself to come out the in the green. Coinbase exists to make money. If there is volume in both sells and buys equally on coinbase, coinbase ends up with extra bitcoins and extra USD. There has to be more buys than sells on coinbase in order for them to no longer have any BTC for sell. I did just short. I actually shorted right after I saw that. I think it's terrible news. Interpret it as you will. Also, you don't know that there are more buys than sells... there probably would have been, but guess what... nobody is going to be buying coins with them until they know what the Friday price is. Newbie.. your response is pure bullshit and FUD spreading .. I just hope you are NOT coming to these ridiculous non fact based conclusions on purpose. Overly emotional response. I hope that you all realize that I simply don't f---ing care enough to try to spread FUD. It was my take on a story. I like being right. It is why I banter about which way the market is going. Anyhow, it doesn't really matter that the market should go down (for this reason or a handful of others) because the volume is so heavy. I need to learn to just stay put otherwise I'll get nickled and dimed to death. Have a jolly evening. And don't accuse me of s---. I don't like that. I just say what's on the top of my head. Maybe you did NOT do it on purpose... ? I will grant you that, but I stand by the rest of my statement, and emotional.. hm.. don't believe so..  |
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ShroomsKit
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August 17, 2014, 11:30:01 AM |
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Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.
And still all i see is idiots dumping. |
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JayJuanGee
Legendary
Online
Activity: 3906
Merit: 11174
Self-Custody is a right. Say no to"Non-custodial"
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August 17, 2014, 11:32:00 AM |
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Extremely, extremely, extremely run for the hills type of bearish news. First, there were a lot of buys because there was a lot of volume and volatility... there was action on both sides of the tape and with Coinbase as a middleman that leaves them dry (and anyways, that is historic, now... it's already priced in). Second, it means NOBODY will be buying from Coinbase all week -- a major purveyor of coins to the Average Joe. Why? Well, because the market is extremely volatile right now and you don't know where the hell the price will be (but assuming even in a worst case scenario there is a recovery by then that price would be HIGHER than it is today... you wouldn't do it). It's God awful news. I don't know how the hell anybody could read it as positive news. I am certain I am being a bit hyperbolic, but yea... not good. YES>>>>>> you are being hyperbolic, and you seem to be spreading FUD... maybe you are NOT doing this on purpose, but you are making much more out of the situation than the FACTS support. The news is bullish.. b/c it means that a lot of Coinbase customers are buying and have bought more coins than Coinbase had prepared for sale. The news is problematic, b/c we do NOT know how long Coinbase is going to remain without coins for sale.. Your stating an assumption that they are NOT going to have coins for four days b/c that is what the message states for the guarantee of coins being available is also misplaced.. b/c nothing in that message should cause you to assume that Coinbase will NOT have coins until the stated dates.... additionally, I have experienced that they usually get coins much more quickly.. probably even in less than a day.. but we may have to wait until Monday... possibly. So the news would be problematic if we have to wait until Monday or even later for BTC to be available through coinbase. Again, don't accuse me of s---. I would note preface my words with "I am probably being hyperbolic" if I was trying to spread nonsense. Also, my name is Newbie, bro. Emphasis on new. Cheers! You seem to be more sophisticated at trading than me, so Newbie is your name, but so what? I already know that some people use the forum to get ideas, and some people use the forum to spread FUD, and we do NOT always know for sure what are the motives of others... again, whether you were purposeful, you are claiming that you were NOT.. .which hopefully is true, but I have my doubts, since you are attempting to claim that your conclusion was an innocent mistake .. or even implying that you may be correct about the disinformation that you are seeming to attempt to spread. |
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ShroomsKit
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August 17, 2014, 11:34:20 AM |
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255 dump.
Don't tell me we're going below 500 again. Isn't everybody just tired of this?
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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August 17, 2014, 11:37:13 AM |
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to the " we will never see sub 500 again"... told you  |
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fonsie
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August 17, 2014, 11:37:44 AM |
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Two dutch BTC 'providers' also sold out. One is giving slight bonus on selling to them.
And still all i see is idiots dumping. Yet all I see is an idiot commenting about idiots dumping. Please quote, so that the idiot reads it. |
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kryptopojken
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August 17, 2014, 11:41:48 AM |
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These dumps make me so tired...
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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August 17, 2014, 11:42:54 AM |
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These dumps make me so tired...
you better go rest now, because we will have allot of these. |
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jaberwock
Legendary
Offline
Activity: 2744
Merit: 1127
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August 17, 2014, 11:43:11 AM |
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Aren't we supposed to never see sub 500 again and start to rise again? Many ppl said that before the rise to 520's with almost no volume
But where is your HODL now?
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Newbie1022
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August 17, 2014, 11:44:37 AM |
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Extremely, extremely, extremely run for the hills type of bearish news. First, there were a lot of buys because there was a lot of volume and volatility... there was action on both sides of the tape and with Coinbase as a middleman that leaves them dry (and anyways, that is historic, now... it's already priced in). Second, it means NOBODY will be buying from Coinbase all week -- a major purveyor of coins to the Average Joe. Why? Well, because the market is extremely volatile right now and you don't know where the hell the price will be (but assuming even in a worst case scenario there is a recovery by then that price would be HIGHER than it is today... you wouldn't do it). It's God awful news. I don't know how the hell anybody could read it as positive news. I am certain I am being a bit hyperbolic, but yea... not good. YES>>>>>> you are being hyperbolic, and you seem to be spreading FUD... maybe you are NOT doing this on purpose, but you are making much more out of the situation than the FACTS support. The news is bullish.. b/c it means that a lot of Coinbase customers are buying and have bought more coins than Coinbase had prepared for sale. The news is problematic, b/c we do NOT know how long Coinbase is going to remain without coins for sale.. Your stating an assumption that they are NOT going to have coins for four days b/c that is what the message states for the guarantee of coins being available is also misplaced.. b/c nothing in that message should cause you to assume that Coinbase will NOT have coins until the stated dates.... additionally, I have experienced that they usually get coins much more quickly.. probably even in less than a day.. but we may have to wait until Monday... possibly. So the news would be problematic if we have to wait until Monday or even later for BTC to be available through coinbase. Again, don't accuse me of s---. I would note preface my words with "I am probably being hyperbolic" if I was trying to spread nonsense. Also, my name is Newbie, bro. Emphasis on new. Cheers! You seem to be more sophisticated at trading than me, so Newbie is your name, but so what? I already know that some people use the forum to get ideas, and some people use the forum to spread FUD, and we do NOT always know for sure what are the motives of others... again, whether you were purposeful, you are claiming that you were NOT.. .which hopefully is true, but I have my doubts, since you are attempting to claim that your conclusion was an innocent mistake .. or even implying that you may be correct about the disinformation that you are seeming to attempt to spread. I am just a guy who had a different take on a story. Attack the view, not me... that's all I am saying. If I am wrong then counter it. Honestly though, neither of us is wrong. It has mixed bullish and bearish elements (or so I understand). |
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lay785
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August 17, 2014, 11:44:51 AM |
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Aren't we supposed to never see sub 500 again and start to rise again? Many ppl said that before the rise to 520's with almost no volume
But where is your HODL now?
some whales are shorting at the moment and cant afford for the price to rise before they buy back in. Gonna be some market manipulation to make people sell their coins cheaply. |
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kryptopojken
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August 17, 2014, 11:44:56 AM |
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These dumps make me so tired...
you better go rest now, because we will have allot of these. it's hard to rest while hodling |
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NotLambchop
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August 17, 2014, 11:47:50 AM |
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These dumps make me so tired...
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