ChartBuddy
Legendary
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Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 28, 2014, 04:01:18 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 04:01:25 PM |
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its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something Looks like this is just one group faping on an empty market. Big holders are deperate to get out and can't. This should be a warning:/ why are they so desperate tho?
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EFS
Staff
Legendary
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Activity: 3864
Merit: 2153
Crypto Swap Exchange
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September 28, 2014, 04:01:34 PM |
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I don't sell anything but I don't like this down movement.
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fonzie
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September 28, 2014, 04:02:55 PM |
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*cough cough* DOGE *cough cough* DOGE/CNY and DOGE/BTC on the rise again.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 04:03:22 PM |
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I don't sell anything but I don't like this down movement.
you and 1million other hodler feel the same way
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Torque
Legendary
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Activity: 3696
Merit: 5281
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September 28, 2014, 04:04:37 PM |
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its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something Looks like this is just one group faping on an empty market. Big holders are deperate to get out and can't. This should be a warning:/ why are they so desperate tho? Guys, you are missing something here. In a dead market, it is super easy for whales to just accumulate at a fixed price point, and then dump everything in one go. They lose nothing in the process, and succeed in getting the market to dip, hoping for more sell offs to take it lower. They can continue to do this ad nauseum in a market that has no real buyers. They'll just keep doing this until some real buyers appear.
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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September 28, 2014, 04:04:59 PM |
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its the same wall that was blocking at 415 yesterday
Some of it. A lot is new.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 04:05:04 PM |
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its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something Looks like this is just one group faping on an empty market. Big holders are deperate to get out and can't. This should be a warning:/ why are they so desperate tho? Because bitcoin is bleeding value and they are investors ready to not lose anymore what they did not invest an amount they could afford to lose, and planned to hold long term?
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 04:07:07 PM |
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its the same wall that was blocking at 415 yesterday
Some of it. A lot is new. well for sure, technically we're going to see mid 300's now that we broke 400. everyones selling it down to mid 300's this is not fun
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 04:09:27 PM |
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1465
Clueless!
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September 28, 2014, 04:09:47 PM |
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well hell that seems a bit harsh then again any more good news like ebay taking paypal etc and the price tanks I may just crawl under that tombstone
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Tzupy
Legendary
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Activity: 2156
Merit: 1094
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September 28, 2014, 04:10:05 PM |
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Good lord, are we just going to grind down an average of $10 a week until we hit $100? Not panicking, just a serious question here.
sure seems like it... With low volume maybe, but I doubt it. Volume should pick up soon, and we'll see some big dumps that will test the real bottom. Shouldn't take more than 3 - 4 weeks from now. If it takes longer, blame hodlers for being stubborn.
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justusranvier
Legendary
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Activity: 1400
Merit: 1013
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September 28, 2014, 04:12:38 PM |
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How to benefit from Bitcoin exchange rate declines*:
1. Buy some more coins. 2. Remove them from the exchange and put them in your own wallet. 3. Goto 1
(*) Assuming you have a source of income independent from day tarding.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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September 28, 2014, 04:12:56 PM |
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Good lord, are we just going to grind down an average of $10 a week until we hit $100? Not panicking, just a serious question here.
sure seems like it... With low volume maybe, but I doubt it. Volume should pick up soon, and we'll see some big dumps that will test the real bottom. Shouldn't take more than 3 - 4 weeks from now. If it takes longer, blame hodlers for being stubborn. holders have good reason to be stubborn tho...
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inca
Legendary
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Activity: 1176
Merit: 1000
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September 28, 2014, 04:14:13 PM |
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The only desperation I can see is from bears praying for the price to fall.
To the average holder this is a time to accumulate coins. More the lower it falls. Do I wish the price was higher? Sure. But when the market turns watch out!
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Wandererfromthenorth
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September 28, 2014, 04:14:47 PM |
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How to benefit from Bitcoin exchange rate declines*:
1. Buy some more coins. 2. Remove them from the exchange and put them in your own wallet. 3. Goto 1
(*) Assuming you have a source of income independent from day tarding.
Shorting sounds better.
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cbeast
Donator
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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September 28, 2014, 04:18:19 PM |
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The wheeler-dealer motto: You make your money when you buy.
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yokosan
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September 28, 2014, 04:18:36 PM |
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The only desperation I can see is from bears praying for the price to fall.
To the average holder this is a time to accumulate coins. More the lower it falls. Do I wish the price was higher? Sure. But when the market turns watch out!
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klee
Legendary
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Activity: 1498
Merit: 1000
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September 28, 2014, 04:18:43 PM |
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About 2000btc for 400$ - 2000btc for 380$ (at Bitstamp).
Interesting battle
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