Anyone watching?

[smurf2094]

Be warned all these buyers propping the price had in buy orders long ago and aren't gobbling up cheap coins.  They were thinking it wouldn't go this low.  I have no idea what will happen in 7-8 hours when the east coast wakes up and sees the price drop.  However, a panic sell is not out of the question.  If you think $130 is a great deal get some coins but, don't be upset if tomorrow people freak out and we see another $55-$70 dip.  I'd spread those buy orders down and not buy all in right this second.  Just my own thought, I could be wrong, don't follow my advice and get mad at me. 

Thats 70-150k btc to be sold.... That won't happen..

[seleme]

I've bought and will head to bed soon. Whatever fuKin happens-happens.

[notig]

right now the price is only like $5.50 less than before the sell off started. Heh.

but some supports have been eaten away

[johnblaze]

I've bought and will head to bed soon. Whatever fuKin happens-happens.

i like this

[Nightowlace]

Real article regarding Fincen

http://bitcoinmagazine.com/fincen-bitcoin-users-not-regulated-exchanges-are/

[zeroday]

Have just got my coins at 127.4
don't expect this price again.

[Nightowlace]

Have just got my coins at 127.4
don't expect this price again.

Correct. Expect a much lower price shortly

[Wuji]

Have just got my coins at 127.4
don't expect this price again.

Correct. Expect a much lower price shortly

"Nobody expects the Spanish Inquisition!"

[UltimateReaper]

When someone dumps coins does the price change instantly or is there a delay between the dump and price change?

[notig]

uh oh. 4k selling @132

[seleme]

When someone dumps coins does the price change instantly or is there a delay between the dump and price change?

of course it changes, as he eats support price changes

[seleme]

uh oh. 4k selling @132

fake one, someone wants to cause a panic and doesn't want price to recover, removed it 5 times so far.

Aaaand it's gone.

[Wuji]

When someone dumps coins does the price change instantly or is there a delay between the dump and price change?

There are always x number of buy and x number of sell orders.  If I instantly dump 15k coins they will continue to sell down at whatever the next 15k coins are set to sell off for provided my sell price is low enough to hit 15k buy orders.  It is fairly instant minus a few seconds of lag.

[notig]

uh oh. 4k selling @132

fake one, someone wants to cause a panic and doesn't want price to recover, removed it 5 times so far.

Aaaand it's gone.

it was indeed removed. If I held 4k coins i'm not sure I would want to devalue them unless I was about to buy a lot more lol

Is it possible the person is just changing their mind? The price would only slip 4 dollars for a 4k sell

[UltimateReaper]

When someone dumps coins does the price change instantly or is there a delay between the dump and price change?

There are always x number of buy and x number of sell orders.  If I instantly dump 15k coins they will continue to sell down at whatever the next 15k coins are set to sell off for provided my sell price is low enough to hit 15k buy orders.  It is fairly instant minus a few seconds of lag.

Ah... I think I get it. Damn. I'm learning a fuck ton. Maybe waiting for my BTC wasn't such a bad thing. The knowledge I've gained the past few days has been priceless. Thanks for the clarification.

[seleme]

uh oh. 4k selling @132

fake one, someone wants to cause a panic and doesn't want price to recover, removed it 5 times so far.

Aaaand it's gone.

it was indeed removed. If I held 4k coins i'm not sure I would want to devalue them unless I was about to buy a lot more lol

Is it possible the person is just changing their mind? The price would only slip 4 dollars for a 4k sell

No, he is trying to cause panic so he can buy cheap. He had done it 7-8 times at least in last hour. Sometimes with 4000, sometimes with two 1500 ones.

As soon as it comes close to the top, he just removes it. And he is doing it whenever price tries to recover a bit. It's pure mind manipulation. Since I'm all in I hope he'll get bored of doing it, lol

[Wuji]

I'm actually quite intrigued at the lack of a panic sell this go around and fast price recovery.  This does not seem like the typical behavior of the herd seen before in these situations.  I'm thinking there are a large number of trading bots being ran to help stabilize the pricing.  Anyone else agree on this?  If so this could seriously help Bitcoin from bubbling or sinking out of control on speculative news.

The above comments about quick trades added and removed at 4k or 1.5k etc. got me to thinking this.  Analyzing the charts it certainly looks more code driven than emotion to me.

[seleme]

Bots came to help in critical moment, yes. It's still far away from being over though.

[notig]

bots or buy orders?

I still don't think it's over but the price always continues to baffle me.

That 2.5k coins for sale at 133.5 doesn't look like a fake sell wall

[Wuji]

Well this graph will help illustrate what I mean.  Note how much smaller volume movements drove huge price movement before Apr 12th.  Then after Apr 12th volume is much higher yet the price seems far more stable.

This could be explained by a huge number of speculators in competition however, I think they arrived in early March.  I'm not sure there was a huge surge of new investors mid April.  This is what leads me to believe trading bots are doing a better job at stabilizing the price.

https://i.imgur.com/5NclduM.png