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boraf
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August 14, 2014, 11:35:04 AM |
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Again, price dropping like this rarely last just 1-2 days. The wind is now blowing in reverse for whatever reason.
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Heider
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August 14, 2014, 03:39:07 PM
Last edit: August 14, 2014, 07:31:25 PM by Heider |
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Again, price dropping like this rarely last just 1-2 days. The wind is now blowing in reverse for whatever reason.
I very much doubt this is a 1-2 days wait, I am thinking of 3 months at least. |
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Heider
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September 17, 2014, 05:04:35 PM |
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There are 2607 BTCs exactly queued/ordered to be sold on $465, this is going as per my analyses more than a month ago.
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
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var53
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September 17, 2014, 05:11:37 PM |
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There are 2607 BTCs exactly queued/ordered to be sold on $465, this is going as per my analyses more than a month ago.
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
On which exchange? |
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Heider
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September 17, 2014, 07:28:26 PM |
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Sorry, I should've said,...
It's Bitstamp.
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Heider
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September 17, 2014, 07:48:49 PM |
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Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
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var53
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September 17, 2014, 07:55:50 PM |
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Perhaps some old timers from the early days just want to cash out a couple of million dollars each. That would hardly make a dent in some of the biggest Bitcoin wallets.
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DustyRah (OP)
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September 18, 2014, 12:49:34 AM |
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Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
That's going to take a lot of buying power to cut through over it. We may indeed have to wait for a few months or some kind of major good news to break out at this point. |
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antibitcoinconsortium
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September 18, 2014, 01:49:59 AM |
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it takes a million dollars of fresh money to get back to where we were 24 hours ago, on one single exchange...
never going to happen there is no new money coming in, only going out.
dropping faster every day now until only bag holders are left
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DustyRah (OP)
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September 21, 2014, 03:10:00 AM |
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PayPal as well as the Winklewoss ETF later this year may bring things around...
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panju1
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Merit: 1000
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September 21, 2014, 03:45:34 AM |
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Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
There are some orders which are cancelled as soon as the bitcoin price nears it.... So these huge sales orders might be just a way to mislead market participants. |
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Heider
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September 21, 2014, 04:11:20 AM |
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Well, it's a tactic being used to push the price down by applying such pressure (block moving), I described this process in detail about 1-2 months ago on this thread.
Once this push is released, it would go up like a spring (fast BTC increase).
The question is; when is it going to be released?, and would it go as high as $6xx?
By the way, BTC-e is already started going into the $3xx rage...
As I got tons of other things to do right now;..
... I'm still holding ...
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