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Ricky.Libertarian
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August 15, 2018, 03:06:12 PM |
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Let them dump.
The protocol is strong, and the long term perspectives are very good due to global inflation and fiat money printing.
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mammon (OP)
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August 15, 2018, 03:08:06 PM |
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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.
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mammon (OP)
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August 15, 2018, 03:10:01 PM |
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Whit 18000 BTC damage can be done easily
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Basmic
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August 15, 2018, 03:12:13 PM |
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I'm wondering why the Ethereum support group is interested In the bitcoin dump? You have enough problems of their own? Look at the prices and profitability of ETH mining. If the acne will bring your idea of switching to POS until the end of the ETH have nothing to save. Think about it.
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RodeoX
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The revolution will be monetized!
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August 15, 2018, 03:12:21 PM |
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This is not manipulation. If someone owns 18K in bitcoin and wants to sell, that is their choice and there is nothing anyone can do to stop them. If there was a way to stop a sale then I would be selling all my coins as well. If you want to see a higher valuation of bitcoin then you are going to have to do something other than trading crypto for fiat, back and forth again and again. All that does is create wild swings in price and favor the person with a lot of coins. This is the economic model WE built and it is not unfair for someone to profit from that model.
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KingScorpio
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August 15, 2018, 03:13:55 PM Last edit: August 15, 2018, 07:39:41 PM by KingScorpio |
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oh nooooo.. i know this adress its donald "lambodriver" drump, he is a petahash trillionaire and owns huge amounts of bitcoin miners, he is effectivly the donald trump of the bitcoin pow cult. he probably needs to pay his electricity bill again
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mk4
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📟 t3rminal.xyz
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August 15, 2018, 03:14:31 PM |
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This^ And also, bitcoins being moved to an exchange doesn't automatically mean the owner is going to dump it. What if maybe he/she just put up a sell offer at $7000(or higher) or something? Dumping that much bitcoin on a single exchange isn't a good idea to start with. Jeez. Too much panic.
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alyssa85
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CryptoTalk.Org - Get Paid for every Post!
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August 15, 2018, 03:25:04 PM |
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This is not manipulation. If someone owns 18K in bitcoin and wants to sell, that is their choice and there is nothing anyone can do to stop them. If there was a way to stop a sale then I would be selling all my coins as well. If you want to see a higher valuation of bitcoin then you are going to have to do something other than trading crypto for fiat, back and forth again and again. All that does is create wild swings in price and favor the person with a lot of coins. This is the economic model WE built and it is not unfair for someone to profit from that model. This. In a free market you can sell your coins if you want. We have no idea why the owner of the coins is selling - perhaps they're buying house.
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Dmitry.Vastov
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August 17, 2018, 08:57:19 AM |
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I think this is not the thing to be worry about because I think we all should know that bitcoin is a decentralised crypto currency and moreover bitcoin is volatile in nature and a kind of investment so all these factors contribute a lot in flactuation in the valuation of bitcoin so ups and downs and pump and dumps are very common in bitcoin and this should not to worry about that much , though this time the valuation has deflated to a very low extent but still there are hopes that it will inflate again.
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Cecilve
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August 17, 2018, 09:01:12 AM |
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Let them do what they want to do, if they want to dump btc I have no problem with thta, I'll be buying more then. Let's see who will win in the end.
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Fear
aka elbashadodo
Full Member
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Activity: 364
Merit: 100
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August 17, 2018, 11:36:24 AM |
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I have heard about that but it seems like few days after a while still having $6,500 price and everything is going quite well and stable, so maybe it was not a signal of upcoming dump.
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knien
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August 17, 2018, 11:41:04 AM |
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I don't think selling large amounts of bitcoin is necessary a bad think if you are looking long term. If the whales start selling, It's bad for the price on the short term, but its great for bitcoin distribution. In the end price will recover and there will gradually be less whales that can cause huge price swings by selling large amounts.
So in short. I don't mind whales dumping bitcoin, since I'm willing to HOLD for the long term.
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tokenjob
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August 20, 2018, 07:30:02 PM |
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These exchanges are built an unregulated space so basically you can do nothing about it even if the owner decides to dump. Moreover, you can't dump coins in a exchange like Bitmex since they are well aware of it and because of it they have changed their regulations, there is separate page on their website about their latest regulations, do give it a look.
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Thirdspace
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August 20, 2018, 11:57:41 PM |
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18000 BTC collected and moved to BitMex, ready for a new dump...
with only 18k BTC, I don't think it will hurt the current market >90k BTC transacted daily in the last couple months, so I doubt that 18k will make big chance in price just for comparison, there are ~200k BTC transacted daily in january-february 2018 that is when the market crashed from $15k to $7k
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tjweb
Jr. Member
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August 21, 2018, 12:19:17 AM |
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Anyone can make a Bitcoin address with "3BMEX" at the beginning.
There is no proof that this is a BitMex address.
Also, the whale can place buy order instead of sell order.
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zinson01
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August 21, 2018, 02:55:37 AM |
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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.
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pooya87
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Crypto Swap Exchange
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August 21, 2018, 03:09:48 AM |
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one thing about a forum that people usually forget is that when you put something in here, it will stay here. even if you later on edit/delete it, the shame doesn't go away lets review what happened with that 18000 BTC and the "dump" OP was talking about on 15th. by the time this topic was started price was around $6400, then it started rising up towards $6600 in a couple of hours and then came down to $6200! in other words that day and even in the following 6 days until today we never had anything more than normal fluctuations ( 3% up and down)!!!
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jademaxsuy
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August 21, 2018, 03:10:58 AM |
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LInk broken but still i was able to get the link from the updated one on facebook. This is truly indeed dumping so much BTC and this will create an impact on the market price down. We could expect things like this to happen because most probably those who let this market goes up like this are these huge investors out there and now they withdrawing so whats left? IT will be the small scale investors. Anyway we should be thankful because without them there could no more huge market price fluctuations in the near future.
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