Big players attempting to drop price

[Serge]

i think this drop is due to holiday season, once everyone's done shopping for holidays, btc rate will turn around

[RodeoX]

..I am still dreaming to get rich quick some day..

Give it up,Bitcoin Market (aka bitcoin ponzi scheme) is about to Collapse soon!

Since you clearly do not understand what a ponzi is, please enjoy this link.

http://en.wikipedia.org/wiki/Ponzi_scheme

A ponzi requires that true profits and losses are kept hidden from investors. What is hidden in bitcoin? Profits? losses? trades? transactions? supply? code? I can't see how an open-source ponzi is possible. That's not to say it is a good idea to "invest" in bitcoin, but it's not a ponzi; it's just a stupid investment.

You're correct.  Pyramid scheme is a much more fitting description

LOL, that was funny. But if that is a pyramid then all investments are. Gold is also a pyramid scheme, it has lasted thousands of years, but a pyramid none the less.

[NotLambchop]

i think this drop is due to holiday season, once everyone's done shopping for holidays, btc rate will turn around

But I was told that the stolen coins would auction for way more than market because slippage, and then we'll all be eating peaches and cream?
Whahappened?

@RodeoX:  You're sorta right--gold is a pyramid scheme that's just beginning to break down.

[Dafar]

WHY CANT WHALES PROFIT BY PUMPING THE PRICE AND GOING LONG.... SO WE CAN ALL BE HAPPY 

[coinableS]

The shorting game will end when the price is too low to pass up

I thought we were already there. That's why I went long yesterday when I saw the price fall to 360... Still deciding whether I want to cut my loss and close position or ride it out hoping for a rebound.

[Newbie1022]

The shorting game will end when the price is too low to pass up

I thought we were already there. That's why I went long yesterday when I saw the price fall to 360... Still deciding whether I want to cut my loss and close position or ride it out hoping for a rebound.

It's easy to be wrong in this market, but it looks like this peak of a wave is closing. So, it might make sense to exit now rather than trying to trade against the market sentiment. Live to fight another day.

Then again, if you think the price driver is neither TA nor the USMS auction and is, instead, the phony news out of China then maybe this bear rally is ending. I don't think it is, but you already know my bias. Good luck.

[arbitrage001]

Massive sell walls set up just above the price.. Someone is about to make a lot of money shorting BTC.

Slowly buying and always holding with an item that cannot produce 21 million can only have one outcome.... this winter will be a very long one, weather the storm or get out now.

Easier to pump the coin price rather than to dump it. Anyone with huge capital will have easier time pumping the price up.

[Amph]

Massive sell walls set up just above the price.. Someone is about to make a lot of money shorting BTC.

Slowly buying and always holding with an item that cannot produce 21 million can only have one outcome.... this winter will be a very long one, weather the storm or get out now.

What massive sells walls are you talking about, don't see any.

Can you specify what exchange's orderbook you look at?

massive sell could be minimized with small sell walls, fragmmented all over the exchanges world

[ssmc2]

WHY CANT WHALES PROFIT BY PUMPING THE PRICE AND GOING LONG.... SO WE CAN ALL BE HAPPY 

They will once they're done accumulating. 

[fewcoins]

Massive sell walls set up just above the price.. Someone is about to make a lot of money shorting BTC.

Slowly buying and always holding with an item that cannot produce 21 million can only have one outcome.... this winter will be a very long one, weather the storm or get out now.

Easier to pump the coin price rather than to dump it. Anyone with huge capital will have easier time pumping the price up.

You can't pump what you don't have enough of yet... This is why they use leverage and a lot of capital to short the price down then they start accumulating big time then use leverage to pump it to the stars while they sell their coins to less informed people like you who think it's the rally to the moon!