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Sandia
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August 29, 2014, 07:38:41 AM |
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 1500 coins to an avalanche. |
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Hfertig
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August 29, 2014, 07:54:42 AM |
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What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?
Probably getting out of his position ? If I would still hold that amount of coins, I would do the same and try to get out asap before Bitcoin goes any lower. |
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Hunyadi
Legendary
 Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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August 29, 2014, 07:58:58 AM |
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1500 coins to an avalanche. Good graph!  |
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ChartBuddy
Legendary
Offline
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 29, 2014, 07:59:23 AM |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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August 29, 2014, 08:04:33 AM |
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What happened @Stamp BID wall?
EDIT: It probably got moved after a part was eaten!
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Sandia
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August 29, 2014, 08:07:40 AM |
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What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?
Probably getting out of his position ? If I would still hold that amount of coins, I would do the same and try to get out asap before Bitcoin goes any lower. If he wanted to dump his position, he could have done a market sell at 515 and received a much higher average selling price, including slippage. He is pushing the market down, into his own buys, to accumulate coins. Notice how the bid wall has fallen with the price. |
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SFHere
Newbie
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Activity: 59
Merit: 0
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August 29, 2014, 08:13:59 AM |
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and there it goes....
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Hfertig
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August 29, 2014, 08:15:14 AM |
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What exactly is that whale on bitfinix with the 1300+ wall trying to do, keep prices down?
Probably getting out of his position ? If I would still hold that amount of coins, I would do the same and try to get out asap before Bitcoin goes any lower. If he wanted to dump his position, he could have done a market sell at 515 and received a much higher average selling price, including slippage. He is pushing the market down, into his own buys, to accumulate coins. Notice how the bid wall has fallen with the price. This is certainly true. However, he might have been bullish in that moment and changed his mind. He has not moved or pulled his wall once small pieces were eaten, which makes it look like a genuine seller. Not to forget, every USD he is selling lower does cost him USD 1300. Who would want to accumulate coins at levels above USD 500 just before the weekend? Does not make sense in my view. |
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SFHere
Newbie
Offline
Activity: 59
Merit: 0
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August 29, 2014, 08:18:24 AM |
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What happened @Stamp BID wall?
EDIT: It probably got moved after a part was eaten!
Huobi is leading downward. As soon as that happen the wall disappeared. As I said there it goes |
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falllling
Member
Offline
Activity: 112
Merit: 10
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August 29, 2014, 08:19:20 AM |
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this dead cat bounce is going to finish soon just like the old ones
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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August 29, 2014, 08:20:54 AM |
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Sandia
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August 29, 2014, 08:23:28 AM |
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Someone estimated a few hours ago that 400 coins had been eaten.
He has probably bought thousands. Do the math.
What does the weekend have to do with this? If the weekend had a predictable effect on price, it would be arbitraged away as soon as the pattern appeared; if I know the price drops on Saturday, I will sell on Friday (then Thursday, then Wednesday, etc., etc.).
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Phillis
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August 29, 2014, 08:27:59 AM |
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price is slowly dropping on very little volume, all it takes is one whale to gobble it all up
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Hfertig
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August 29, 2014, 08:28:46 AM |
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Someone estimated a few hours ago that 400 coins had been eaten.
He has probably bought thousands. Do the math.
What does the weekend have to do with this? If the weekend had a predictable effect on price, it would be arbitraged away as soon as the pattern appeared; if I know the price drops on Saturday, I will sell on Friday (then Thursday, then Wednesday, etc., etc.).
Less money hitting the exchanges ? But you are right again, it could also go up. But in my view we are bound to go much lower. |
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falllling
Member
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Activity: 112
Merit: 10
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August 29, 2014, 08:29:04 AM |
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price is slowly dropping on very little volume, all it takes is one whale to gobble it all up
and this one whale will never be there  |
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Davyd05
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August 29, 2014, 08:34:28 AM |
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finex on the low with btc-e and finex with a bigger red dildo
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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August 29, 2014, 08:37:45 AM |
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A quick crash to 400$ would eliminate all weak hands  |
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falllling
Member
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Activity: 112
Merit: 10
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August 29, 2014, 08:38:46 AM |
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A quick crash to 400$ would eliminate all weak hands will happen soon! |
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wonkytonky
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August 29, 2014, 08:44:34 AM |
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dont sell.. let the big guys sell themselves first.. i'm talking 1k or 2k sell..not a few 200 300 400 sells .. it's them trying to make you sell or some weakhands.. HODL i'm so bored with months of bear bear bear.. lets get out of this stinky place and leave all them bears behind. |
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falllling
Member
Offline
Activity: 112
Merit: 10
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August 29, 2014, 08:46:32 AM |
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dont sell.. let the big guys sell themselves first.. i'm talking 1k or 2k sell..not a few 200 300 400 sells .. it's them trying to make you sell or some weakhands.. HODL i'm so bored with months of bear bear bear.. lets get out of this stinky place and leave all them bears behind. it could be you who hold all the worthless bags at the last after all investors so called "weak hands" sold their coins |
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