inca
Legendary
Offline
Activity: 1176
Merit: 1000
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October 04, 2014, 10:38:21 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell. That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire... True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze. Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low.
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fonzie
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October 04, 2014, 10:47:07 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell. That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire... True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze. Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low. I am aware of this and totally agree with you, sooner or later it will happen, and it will probably be fast and brutal. I just have no idea in which price area it will be.
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 04, 2014, 10:52:06 AM |
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Davyd05
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October 04, 2014, 10:52:39 AM |
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6000 BTC down to 340, 6000 BTC up to 470 @bitfinex
People are pulling their asks and market sell. That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire... True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze. Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low. I am aware of this and totally agree with you, sooner or later it will happen, and it will probably be fast and brutal. I just have no idea in which price area it will be. You buy a coin in all the price areas and you can say you knew lol
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ChartBuddy
Legendary
Online
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 04, 2014, 11:01:10 AM |
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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October 04, 2014, 11:14:23 AM |
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Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME!
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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October 04, 2014, 11:14:38 AM |
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NotLambchop
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October 04, 2014, 11:19:07 AM |
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Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME! There is cause for cautious optimism...
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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October 04, 2014, 11:20:19 AM |
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Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME! Yeah lawyers often give away confidential information to random reddit cold callers about a multi million dollar net worth client. Jesus you are a moron wobber.
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akujin
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October 04, 2014, 11:28:12 AM |
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One more year til messiah comes! Who's gonna save you guys now? DOOM!
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sbrzol
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October 04, 2014, 11:28:18 AM |
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who pushed the price down from 550 to 350 wont stop here until he can see such statistics
buy - 28 (21.2%) sell - 16 (12.1%) hodl - 68 (51.5%) panic sodl - 20 (15.2%) Total Voters: 132
probably they will stop selling and start buying if they can see a table like this in numbers when there will be real blood on streets
buy - (20%) sell - (50%) hodl - (30%)
how many times did you call the bottom in this year ? 5-10 times?
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abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
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October 04, 2014, 11:30:25 AM |
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akujin
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October 04, 2014, 11:39:29 AM |
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Eddie Brock
Newbie
Offline
Activity: 53
Merit: 0
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October 04, 2014, 11:40:43 AM |
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Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?
I was promised <350, <300, <270 coins!
you can find <350 at btc-e already... <300 and <270 not yet, maybe by sunday night
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NotLambchop
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October 04, 2014, 11:41:10 AM |
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I'm going to have a car You'll have to admit, I'll be rich! as! shit! And I'll just sit and grin, the money will roll right in
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Wandererfromthenorth
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October 04, 2014, 11:42:24 AM |
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If you still haven't sold and/or you are not shorting, RIP.
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birr
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October 04, 2014, 11:43:52 AM |
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Monkey says 4 more days down. He might not count weekends though.
After that he wants it to go up for a couple of months.
Did monkey have the foresight to keep a big stash of banana skins for buying cheap coins at times like this?
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akujin
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October 04, 2014, 11:44:12 AM |
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Finex sub 350!
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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October 04, 2014, 11:45:19 AM |
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Finally we may get the flash down.
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