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Author Topic: New BTC dump upcoming! 18000 BTC moved to BitMex...  (Read 1223 times)
jseverson
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August 21, 2018, 05:51:05 AM
 #21

You cannot just predict a dump by looking at someone moving their coins to an exchange. There are other possibilities too, like selling them for their own profit or may be the previous exchange was not preferable to them. Anyways, we cannot do anything about it right now rather than observing the situation.

That's how speculation works. There really aren't any tried and tested methods to predict how the Bitcoin market will move, so people try to look for anything and everything they can use. A move like this could actually be significant depending on the context (like Roger Ver moving 25k coins to an exchange last November lol), but this one obviously isn't. This mentality about whales being able to freely control the market has become a self-fulfilling prophecy where we allow them to affect the market simply by moving their coins.

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August 21, 2018, 06:47:40 AM
 #22

We don't want Bitcoin dumped again. This is just a theory, maybe it moved to BitMex for other reasons. I hope my opinion is right so Bitcoin won't dump because of this movement. We will see about that. Fingers crossed.

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August 21, 2018, 07:14:39 AM
 #23

BitMex is a new trading site, so it needs to show a lot of trades and, importantly, Bitcoin to start the operation of a completely new trading site. But then, when running smoothly, Bitcoin naturally evaporates.

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August 21, 2018, 07:25:10 AM
 #24

You cannot just predict a dump by looking at someone moving their coins to an exchange. There are other possibilities too, like selling them for their own profit or may be the previous exchange was not preferable to them. Anyways, we cannot do anything about it right now rather than observing the situation.

That's how speculation works. There really aren't any tried and tested methods to predict how the Bitcoin market will move, so people try to look for anything and everything they can use. A move like this could actually be significant depending on the context (like Roger Ver moving 25k coins to an exchange last November lol), but this one obviously isn't. This mentality about whales being able to freely control the market has become a self-fulfilling prophecy where we allow them to affect the market simply by moving their coins.

but we can't really call that speculation because speculation is supposed to be based on facts not based on guesses. speculation itself can be a guess but the basis must be facts. in this case when you see coins move you would be making 2 guesses and them making a conclusion. the first guess that nobody mentioned is that you are guessing it moved to "an exchange". the fact is you don't know where they moved. it may just be to another wallet, or it may even be sold off the market not on exchanges. and the second guess that others also said is that you are guessing they were "sold"! for example when someone moves coins to an exchange it may be to put up a fake sell wall preventing the rise so that they can BUY more.

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August 21, 2018, 07:30:05 AM
 #25

You cannot just predict a dump by looking at someone moving their coins to an exchange. There are other possibilities too, like selling them for their own profit or may be the previous exchange was not preferable to them. Anyways, we cannot do anything about it right now rather than observing the situation.

That's how speculation works. There really aren't any tried and tested methods to predict how the Bitcoin market will move, so people try to look for anything and everything they can use. A move like this could actually be significant depending on the context (like Roger Ver moving 25k coins to an exchange last November lol), but this one obviously isn't. This mentality about whales being able to freely control the market has become a self-fulfilling prophecy where we allow them to affect the market simply by moving their coins.

but we can't really call that speculation because speculation is supposed to be based on facts not based on guesses. speculation itself can be a guess but the basis must be facts. in this case when you see coins move you would be making 2 guesses and them making a conclusion. the first guess that nobody mentioned is that you are guessing it moved to "an exchange". the fact is you don't know where they moved. it may just be to another wallet, or it may even be sold off the market not on exchanges. and the second guess that others also said is that you are guessing they were "sold"! for example when someone moves coins to an exchange it may be to put up a fake sell wall preventing the rise so that they can BUY more.

And it's on an exchange that only allows users to take positions rather than "dump" coins.

Speculation in Bitcoin is even more obscure because of so much hearsay like the OP saying that a massive dump was coming but the price only moved a couple hundred. This market is too wild to have stable evidence in a majority of the cases. A lot of it comes from news pages that want to enforce a certain perception, or from forum posts with dubious validity.

Besides, this isn't even that big of a deal. If someone wants to sell that many coins, that's fine. They're theirs to do what they want with them.
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August 21, 2018, 07:33:27 AM
 #26

I'm not worried at all. Let them dump, I have no doubts on BTC.
The price will grow in few weeks anyway, do not worry.
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August 21, 2018, 09:25:48 AM
 #27

but we can't really call that speculation because speculation is supposed to be based on facts not based on guesses. speculation itself can be a guess but the basis must be facts. in this case when you see coins move you would be making 2 guesses and them making a conclusion. the first guess that nobody mentioned is that you are guessing it moved to "an exchange". the fact is you don't know where they moved. it may just be to another wallet, or it may even be sold off the market not on exchanges. and the second guess that others also said is that you are guessing they were "sold"! for example when someone moves coins to an exchange it may be to put up a fake sell wall preventing the rise so that they can BUY more.

I'd say it still fits the definition:

the activity of guessing possible answers to a question without having enough information to be certain

You know the coins moved somewhere (and there are tools that may tell you where), so in the end you're speculating on a possible outcome of an action. I don't think the semantics matter either way though lol. People won't stop doing this for as long as whales maintain their reputation, which they may not deserve to the same extent anymore given the size of the market.

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August 21, 2018, 09:28:36 AM
 #28

You can't dump Bitcoins on Bitmex Smiley You can only short or long them. It could go in either direction.

Check out what's Bitmex and how it works here:
https://coincodex.com/article/1960/what-is-bitmex-crypto-trading-with-up-to-100x-leverage/

Solid point.
But as far as I understood from some articles that i saw regarding this matter, that there is no sure way of telling for what they are intended, maybe they are moved to store somewhere else.

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August 21, 2018, 03:23:42 PM
 #29

That would be more than 110 million dollars if someone cares for the dollar value. And how do you know that this dude isnt trying to increase his btc stash by selling huge amount of btc and temporarily chrashing the price to buy more btc back?

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August 21, 2018, 10:27:29 PM
 #30

Ohh the game time starts again. Again the market manipulators are transferring bitcoin to bitmax and the prices of the bitcoin will go down again. These kind of criminal activities should be prohibited and investors should understand the situation before making any investment.
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August 21, 2018, 11:01:50 PM
 #31

I think the users of other coins should not worry about bitcoin as their own coins are in miserable position.  The quote goes like this “Oil your own machine”. So users of Eth should solve their own problem then point any figure on bitcoin.
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August 21, 2018, 11:38:57 PM
 #32

No need to worry. We must be prejudiced. Maybe the 18k BTC owner just wants to move the coin. Because I'm sure he also knows that dumps aren't good for many people.

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August 21, 2018, 11:45:14 PM
 #33

Certainly such a quantity may influence prices in the current market condition, but it does not appear to be the case. The negotiations on Bitmex are based on short and long, and not necessarily on Bitcoin / fiat, so I think the "damages" will be limited.
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August 21, 2018, 11:50:14 PM
 #34

Yep, these assholes keep on dumping Wink

18000 BTC collected and moved to BitMex, ready for a new dump...


https://www.facebook.com/groups/Ethereum/permalink/1673794702746570/?co%0Amment_id=1675004882625552&notif_id=1534343756195535&notif_t=group_comme

https://www.tradingview.com/chart/BTCUSD/8sgVfkZZ-Bitcoin-Today-18000-%0Atransaction-on-BitMEX-wallets/



We need address this kind of manipulation and these assholes need to be brought DOWN.
Have more info? Please share it here and lets collect as much info we can.
Yeah no, that's not how it works. That 18,000 btc could have been moved to Bitmex for various reasons,like say exchanging them, trading them.

Dumping isn't really possible and would be pretty obvious.

but we can't really call that speculation because speculation is supposed to be based on facts not based on guesses. speculation itself can be a guess but the basis must be facts. in this case when you see coins move you would be making 2 guesses and them making a conclusion. the first guess that nobody mentioned is that you are guessing it moved to "an exchange". the fact is you don't know where they moved. it may just be to another wallet, or it may even be sold off the market not on exchanges. and the second guess that others also said is that you are guessing they were "sold"! for example when someone moves coins to an exchange it may be to put up a fake sell wall preventing the rise so that they can BUY more.
Yeah, most people don't know that. People like jumping to conclusions without putting actual thought into it.


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xcajun21
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August 22, 2018, 12:03:41 AM
 #35

extra info:

Price
From yesterday BTCUSD 3.96% showed a sustainable growth, with a hike in
volume after reaching the Bearish Trend Line and 6250 level. This
growth showed a supportive power of the 6000 – 6250 zone, which gives a
hope to bulls, but still consideration of any reversal will need more
confirmations. The most important requirements to change outlook from
bearish to correction/reversal is to stay above 6250 level. From the
above, 6600 level will be the next resistance. A comeback below 6250
and Bearish Trend Line will send the price to test the next support at
5750 (2018 low). Also, it is worth remembering that the SEC is now
scheduled to decide on the Bitcoin 3.96% ETF ruling by September 30,
so, presumably, we will not see any significant developments until this
date (or premature SEC statements), rather it will be a lateral
volatile trading ruled by rumors.

Today forecast
Trading in the 6250 – 6600 zone.

Latest news

    Comments from Nick Szabo on ETF
    A well-known cryptographer and pioneer in the field of smart
contracts, Nick Szabo on Twitter expressed his fears about the approval
of bitcoin-ETF. In his opinion, there will be more cons than pros from
crypto-exchange-traded funds approval.
    “I for one am not lobbying for an ETF or for Wall Street-managed
money in general. It might cause more problems than it's worth. The
recent sell-off by dumb money has or soon will deprecate many
opinionated know-nothings in this space. We don't need new ones to take
their place.” - @NickSzabo4
    Big whale transaction on BitMEX wallet detected
    Yesterday at 8:50 UTC time, a transaction involving 10 BTC 3.96%
went to a BitMEX-associated wallet. It didn’t seem like much, but less
than half an hour later, another 16 wallets sent 17,990 BTC 3.96% ,
bringing the suspected BitMEX wallet’s balance to a grand total of just
a hair over 18,000 coins, this was a few hours before BTCUSD 3.96%
showed a recovery movement from the 6000 level.
    Such noticeable transactions sparked conversations and fears across
the community in multiple social networks: whether that will be a short
or a long position... Here is the synopsis of the most meaningful
opinions:
    “They have to make sure the price stays below $6150 until futures
close tomorrow.”
    “Shorts are stacked a mile high. Expect volatility .”
    “Aside from the possibility that the exchange is consolidating
coins to a cold storage wallet, it could also be providing liquidity
for its trading platform. Either of these conclusions could be likely,
considering that it just recently posted another record-breaking
trading volume of over 1 million BTC 3.96% .”
    Anyway, one thing stays clear, we should expect a high volatility
soon, and a fall further down stays in a high probability for now.

Because of the ETF and also because BTC is so close to 3 resistance on 4h chart, well, we could have an interesting scenario.
Over 6640 is breakout if high volume (etf approved scenario)
Slightly staying healthy above support at 6472
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August 22, 2018, 06:25:46 PM
 #36

I am sure about the news but if it is actually happening we should not consider them as dump, it the investors choice if the want to sell 18k with his full confidence then no one have anything to do about this
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August 22, 2018, 06:42:02 PM
 #37

Now is a very uncomfortable situation on the market for this I'm not surprised that someone is selling large amounts of Bitcoin. I think that this is a temporary problem for the market.

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August 22, 2018, 07:03:21 PM
 #38

let them do it.. dumping bitcoin. let's see how the market will react
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August 22, 2018, 07:17:27 PM
 #39

its amazing to me because i want to invest a new coin which are make more profit. i think it will make more profit. because its structure is more strong and its provide very good service.
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August 22, 2018, 07:31:53 PM
 #40

well the coins could be used to go long also so not necessary a dump .Time will tell

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