cryptnutter
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August 18, 2014, 10:56:26 AM |
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Don't forget it is August so a lot of people around the world are on vacation. Like the Wall St saying goes, "Sell in May and go away".
Wait until fall.... by the end of the year the Bitcoin price is going to be much higher!
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zimmah
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August 18, 2014, 11:06:48 AM |
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If Govt has a lot of BTC, they can cause volatility and keep people out.
The thing with bitcoin is you can't artificially make more of it. So if you try to manipulate it, you will eventually run out of bitcoin.
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botany
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August 18, 2014, 11:13:30 AM |
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If Govt has a lot of BTC, they can cause volatility and keep people out.
Volatility will keep another group of people in. Speculator and trader. Speculators and traders... not sure if that is good for the btc economy.
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dadugan
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August 18, 2014, 11:34:58 AM |
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If Govt has a lot of BTC, they can cause volatility and keep people out.
Volatility will keep another group of people in. Speculator and trader. Speculators and traders... not sure if that is good for the btc economy. One of the requirement for currency is stability. Speculators and traders will cause volatility, which is not good for btc economy.
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wajiminer
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August 18, 2014, 11:52:57 AM |
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with stocks the saying is that the bigboys, aka market makers can cause temporary spikes and dips in price. I think that's whats going on here. I haven't look at overall buy/sell orders but my feeling is that the market makers flooded the market with sell orders to drive down the price to levels they could "stock up" on bitcoins. You have enough capital and you can pretty much control the price of any coin in the short term.
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scryptasicminer
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August 18, 2014, 12:16:02 PM |
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Someone sold a lot on btc-e all the way down to 310. Suggest people to hold off buying for at least a few weeks.
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spazzdla
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August 18, 2014, 01:23:38 PM |
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The selling is driving the decline though, not the buyer matching the transactions.
The sell order has to come first (in this case) otherwise the price would be rising. That said, since the seller is initiating the transaction the buyer could be the exchanges, companies like Coinbase, other intermediaries, or folks trying to establish hedge fund style investments in Bitcoin (i.e., the Winklevoss boys or other Silicon Valley partners).
Other thoughts?
Ever thought they are the same person... willing to risk dumping half their coins to tank the market to increase their holdings of coins massively then pump.. pump pump it up.
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botany
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August 18, 2014, 02:24:23 PM |
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Someone sold a lot on btc-e all the way down to 310. Suggest people to hold off buying for at least a few weeks.
The btc-e market recovered pretty quickly. Price is now almost in line with other exchanges.
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maker88
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August 18, 2014, 03:36:42 PM |
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The selling is driving the decline though, not the buyer matching the transactions.
The sell order has to come first (in this case) otherwise the price would be rising. That said, since the seller is initiating the transaction the buyer could be the exchanges, companies like Coinbase, other intermediaries, or folks trying to establish hedge fund style investments in Bitcoin (i.e., the Winklevoss boys or other Silicon Valley partners).
Other thoughts?
Ever thought they are the same person... willing to risk dumping half their coins to tank the market to increase their holdings of coins massively then pump.. pump pump it up. Been saying this for months. Whale has 10000 btc, dumps 5000 btc, causes 20% panic slide as bots and day traders follow, buys 6000 btc with the same amount of money, from panicking sellers. During this sort of unsure market there's a lot of stop loss orders out there waiting to be triggered. Stop hunting causing drops which squeeze leveraged traders into more drops. I'm still sitting here with my bitcoins I got for free after my initial investment was recovered, like fuckit yolo! If it goes back to 1000 that's cool. If it goes past 5k after then next reward halving that's even cooler. If it goes to zero I still made a bunch of money on bitcoin so who cares? Not me lol
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Ayers
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August 18, 2014, 06:05:11 PM |
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Someone sold a lot on btc-e all the way down to 310. Suggest people to hold off buying for at least a few weeks.
panic selling at his finest, doing this is beyond me, he just lose money
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Febo
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August 18, 2014, 07:16:41 PM |
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every seller has a buyer. When comparing dollar volume May 1-15 to Aug 1-15 $470 Million vs $910 Million..who bought the $440 Million difference and why? Yes .trading more volume is the reason but who is ending up with these coins from the sellers who do not re-buy? http://www.quandl.com/BCHAIN/ETRVU-Bitcoin-Estimated-Transaction-Volume-USD(click ..show data table at bottom) 2014-08-15 70,769,052 2014-08-14 71,895,364 2014-08-13 68,379,694 2014-08-12 61,158,740 2014-08-11 43,216,125 2014-08-10 32,787,195 2014-08-09 54,302,397 2014-08-08 45,449,194 2014-08-07 59,188,716 2014-08-06 67,991,855 2014-08-05 79,118,450 2014-08-04 62,191,353 2014-08-03 29,031,951 2014-08-02 43,348,752 2014-08-01 100,060,676 May 15 46,127,940 May 14 48,513,550 May13 36,980,698 May12 30,389,352 May11 21,490,294 May10 26,280,241 May9 36,496,136 May8 35,810,226 May7 48,283,519 May6 31,858,652 May5 27,165,713 May4 22,701,368 May3 30,993,631 May2 30,977,946 May1 34,892,425 I guess the ones that sold at 650 USD are buying now.
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wajiminer
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August 18, 2014, 08:35:02 PM |
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I wish I'd gotten in on that $310 action, wouldve turned right back around and sold for 480
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scryptasicminer
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August 19, 2014, 09:10:15 AM |
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I wish I'd gotten in on that $310 action, wouldve turned right back around and sold for 480
I have buy order of 350 on bitstamp, too bad the price didn't go that low there.
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LetsMakeItBTC
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August 19, 2014, 12:52:56 PM |
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The objective inteligent thing to do was to buy a shit ton of cheap BTC if you are FIAT rich.
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SirChiko
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August 19, 2014, 12:54:15 PM |
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Yep it sadly looks that ATM we are. But we will probably head up soon. I hope so.
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The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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giveBTCpls
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August 19, 2014, 05:53:05 PM |
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I know for a fact that if I was a FIAT whale, this would be an exceptionally good time to enter the BTC game before it sky rockets again.
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