ShroomsKit
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September 10, 2014, 11:32:30 PM |
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I'm quite amazed where these huge sellers get their coins from.
I'd love to talk to 1 or 2 of these people and ask them what their motivation is for keeping the price down. These damn sell walls all the time. Normal market behaviour my ass.
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derpinheimer
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September 10, 2014, 11:35:23 PM |
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Now this is 20k coins in 2 weeks. Price is still holding fairly steady. Cant last forever.
Very true, great point... despite all this "manipulation" or selling or whatever you would like to call it the stability in the midst of all that is unreal Yeah, you can look at this both ways Its bullish because the market just absorbed a ton of selling pressure with a loss far less than you would expect. Its bearish because there is now less demand for coins than there was 2 weeks ago (with a price higher than expected). Personally, I think its bearish. I just dont see that, if more of these walls continue to pop up over and over, that they can be absorbed without reducing the price. However, if this 4k is the absolute last of it? It might just be the recipe for a bubble. Slow slide down as people lose hope, but buying pressure continues to build underneath.. then the realization there are no more dumps coming. Boom. This is pretty much what happened the last few times. Just not to this degree (of dumping).
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 10, 2014, 11:40:27 PM |
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There they are...
2k on BFX 2k on Bitstamp
These sellers are real. Back down we go.
You cannot merely determine that sellers are real b/c they show their bitcoins (in the form of walls)... It would be interesting to see anywhere approaching 1k coins dumped at once and see how far, if at all, BTC prices comes down... I get the sense that some the bear whale manipulators are running out coins... but some of these bear whale manipulators may be willing to lose money to keep engaging in this ongoing BTC dumping practice.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 10, 2014, 11:42:29 PM |
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here comes the sell walls
bitfinex @480.6 the wall bigger than bigger I would LOVE to see someone just eat all the walls at once. There has to be someone out there that knows where this is going and decides to jump all in. It is funny to see when that happens... large purchases without slippage... hehehehe... it must hurt those putting up the walls for show... b/c the tend to NOT really want to sell them as badly as they are creating the appearance of such.
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ChancellorOnABrink
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September 10, 2014, 11:49:00 PM |
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here comes the sell walls
bitfinex @480.6 the wall bigger than bigger Mean nothing He was pulled yesterday and many other day If fact sell wall on a ascending trend is bullish
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adamstgBit
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Trusted Bitcoiner
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September 10, 2014, 11:51:03 PM |
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lmao this is gonna be good.
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shmadz
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@theshmadz
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September 10, 2014, 11:52:46 PM |
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Is this supposed to be a picture of all of us on the forum Adam? I am the blond in front I guess. Ha ha ha ha ha ha ha ha That is awesome! We used to play this when we were kids. I'm the guy in the back with the hat and glasses, smoking a pipe
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derpinheimer
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September 10, 2014, 11:53:51 PM |
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There they are...
2k on BFX 2k on Bitstamp
These sellers are real. Back down we go.
You cannot merely determine that sellers are real b/c they show their bitcoins (in the form of walls)... It would be interesting to see anywhere approaching 1k coins dumped at once and see how far, if at all, BTC prices comes down... I get the sense that some the bear whale manipulators are running out coins... but some of these bear whale manipulators may be willing to lose money to keep engaging in this ongoing BTC dumping practice. Walls have, in the past, generally been fake. These last two weeks, they have not. I watch these walls intently.. here comes the sell walls
bitfinex @480.6 the wall bigger than bigger Mean nothing He was pulled yesterday and many other day If fact sell wall on a ascending trend is bullish Dont lie to re-affirm your position. There have only been 2 occasions of walls being removed on BFX and Bitstamp throughout the past two weeks. That would be a very random wall on BFX in the $600 area, and ~1.8k of coins on bitstamp in the $490 area. Other than that, EVERYTHING has stood its ground and been eaten on the way from $460 to $490, and from $520 to $460.. All of it! Over 16k coins!
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blade87
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September 10, 2014, 11:57:15 PM |
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LTC seems to have been doing fairly ok lately. Same with DOGE. I wonder if those two coins have found their long term bottoms (DOGE has broken long term down trend, but LTC hasn't yet). Now if only BTC on the other hand...
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ChartBuddy
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September 10, 2014, 11:59:07 PM |
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adamstgBit
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September 10, 2014, 11:59:51 PM |
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LTC seems to have been doing fairly ok lately. Same with DOGE. I wonder if those two coins have found their long term bottoms. Now if only BTC on the other hand...
the fundamentals on these coins are horrible Ether poeple, Ether. as a "bitcoin2.0 protocol", at least it has some remote shot at displacing bitcoin. DOGE and LTC is doing good because poeple are always cashing yesterday news. you have been warned.
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blade87
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September 11, 2014, 12:05:11 AM |
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LTC seems to have been doing fairly ok lately. Same with DOGE. I wonder if those two coins have found their long term bottoms. Now if only BTC on the other hand...
the fundamentals on these coins are horrible Ether poeple, Ether. I'm just blindly hoping that those coins could be showing the first signs of a near bottomed out market.
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adamstgBit
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September 11, 2014, 12:10:59 AM |
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bitcoin's bottom is as clear as day wtf did you think was going to happen?
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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September 11, 2014, 12:16:49 AM |
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adamstgBit
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September 11, 2014, 12:18:24 AM |
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PrestonTrader
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September 11, 2014, 12:23:04 AM |
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We are now into a big batlle H1. See nice support and resistence zone, next good moviment is coming. Support = 470 Resistence = 480
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derpinheimer
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September 11, 2014, 12:42:51 AM |
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//pointless speculation and discussion below - read at your own risk!
Its quite peculiar. The walls on BFX and Bistamp appeared almost simultaneously (correct me if I'm wrong)
This would lead me to believe they are the same person(s).
But, notice that the BFX wall is just one huge chunk. No dividing. All 2k at $480. On Bitstamp, its staggered with smaller and larger walls. (4 of them)
This pattern goes back all the way to when these walls disappeared. And, if you actively watch the market, you may notice a theme:
On BFX, once walls are touched, they get taken down at once. No matter the size. On Bitstamp, walls are usually tested multiple times, and eaten individually.
So, my conclusion would be that the "waller" is placing them in such a way that makes them most appealing to buyers at that particular exchange. On BFX, they panic buy (possibly due to the ultra thin ask side, aside from the walls). On Bitstamp, large walls are scary.. (maybe because the ask side is not thin at all)
What is my point? Nothing really. Just that this guy is really studying the markets and wants to rid himself of these coins with minimal slippage. They dont appear to be panicked, but are serious about selling. So it may be someone who still has a vested interest and bitcoin but just needs some $$$ to buy a new yacht.
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mooncake
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September 11, 2014, 12:55:48 AM |
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//pointless speculation and discussion below - read at your own risk!
Its quite peculiar. The walls on BFX and Bistamp appeared almost simultaneously (correct me if I'm wrong)
This would lead me to believe they are the same person(s).
But, notice that the BFX wall is just one huge chunk. No dividing. All 2k at $480. On Bitstamp, its staggered with smaller and larger walls. (4 of them)
This pattern goes back all the way to when these walls disappeared. And, if you actively watch the market, you may notice a theme:
On BFX, once walls are touched, they get taken down at once. No matter the size. On Bitstamp, walls are usually tested multiple times, and eaten individually.
So, my conclusion would be that the "waller" is placing them in such a way that makes them most appealing to buyers at that particular exchange. On BFX, they panic buy (possibly due to the ultra thin ask side, aside from the walls). On Bitstamp, large walls are scary.. (maybe because the ask side is not thin at all)
What is my point? Nothing really. Just that this guy is really studying the markets and wants to rid himself of these coins with minimal slippage. They dont appear to be panicked, but are serious about selling. So it may be someone who still has a vested interest and bitcoin but just needs some $$$ to buy a new yacht.
It has been like that for over a month now. If this is a single person or entity, the pocket is really deep.
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ChartBuddy
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September 11, 2014, 12:59:07 AM |
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to"Non-custodial"
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September 11, 2014, 01:00:21 AM |
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bitcoin's bottom is as clear as day wtf did you think was going to happen? Sometimes my T&A skills are less than honed. Accordingly, I wonder would that be a single bottom or a double bottom?
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