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thresher (OP)
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January 24, 2015, 12:15:58 PM |
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LOL, btc price is $229 still but the trend is DOWN. Look at the chart yourself. BTW, I'm basing on bitfinex price not bitstamp's fictional number. But, even at bitstamp, the trend is clearly DOWN at the moment.
It was just to scare some people  Prices back up now. And 4$ isn't really that big of a dump. Yep, someone wanted to keep the rumor alive, but I woke up and saw we were at $236, so no impact.......yet |
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1Referee
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Activity: 2170
Merit: 1427
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January 24, 2015, 02:21:58 PM |
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What is the reasoning for weekends usually dumping coins?
Maybe people looking to cashout and spend it on weekend holidays Doesn't make sense as it takes at least a few working days to get money back from an exchange. Currently there is not really a weekend dump as the price has had a few beatings already. |
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HarmonLi
Sr. Member
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Activity: 350
Merit: 250
Honest 80s business!
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January 25, 2015, 12:38:19 AM |
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What is the reasoning for weekends usually dumping coins?
Maybe people looking to cashout and spend it on weekend holidays Doesn't make sense as it takes at least a few working days to get money back from an exchange. Currently there is not really a weekend dump as the price has had a few beatings already. Look at the volume and the action going on - on a freaking Saturday!!! We've just begun the next chapter of Bitcoin going all Honey Badger again. This is so exciting, I can't sleep  The volume is just incredible! |
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Brewins
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Activity: 1120
Merit: 1000
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January 25, 2015, 05:43:40 AM |
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less volume, less people paying attention
Perfect time to create a panic sell
same thing applies to bull manipulation. Too much volume for Saturday... |
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caga
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Activity: 238
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www.secondstrade.com - 190% return Binary option
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January 25, 2015, 08:55:56 AM |
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Looks like there is actually a pump rather than any dump this weekend.
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picolo
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January 25, 2015, 09:33:52 AM |
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What is the reasoning for weekends usually dumping coins?
No bank wires coming to exchanges. |
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okthen
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January 25, 2015, 10:03:51 AM |
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less volume, less people paying attention
Perfect time to create a panic sell
same thing applies to bull manipulation. Too much volume for Saturday... There's no such thing as too much volume  Looks like it's a bit calmer now, but all the movement is probably the result of bitcoin hitting the news the past few days. |
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sherbyspark
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January 25, 2015, 10:53:07 AM
Last edit: January 25, 2015, 11:57:40 AM by sherbyspark |
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What is the reasoning for weekends usually dumping coins?
No bank wires coming to exchanges. Is that because buy orders won't be enough ? Other than that another reason would also be people cashing out to spend on different places. |
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picolo
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January 25, 2015, 12:27:45 PM |
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What is the reasoning for weekends usually dumping coins?
No bank wires coming to exchanges. Is that because buy orders won't be enough ? Other than that another reason would also be people cashing out to spend on different places. I am yet to see precise statistics that show that the price is going down in week ends. |
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Hyena
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January 25, 2015, 12:29:34 PM |
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More like weekend lumps these days |
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Bit_Happy
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A Great Time to Start Something!
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January 25, 2015, 04:12:23 PM |
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Even when "weekend dumps" were highly predicable/consistent, you (usually) needed to be Long again before the end of Sunday afternoon.
Who's ready to lead the way and start buying now!
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Amph
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January 25, 2015, 04:35:07 PM |
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i don't think the faact that is weekend matter, it's all a bit random, this time no dumping went through, but instead a nice rise
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HarmonLi
Sr. Member
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Activity: 350
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Honest 80s business!
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January 25, 2015, 06:20:06 PM |
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i don't think the faact that is weekend matter, it's all a bit random, this time no dumping went through, but instead a nice rise
The fact that there have been some dumps but the price didn't care is a very interesting and positive thing to note! Even minor dumps were enough to scare people in the past. Now it seems the price has gained a whole new momentum and summoned unknown strength from somewhere! |
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SirChiko
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Activity: 966
Merit: 1000
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January 25, 2015, 07:29:49 PM |
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The explaination is simple, payment processing companies and other ones that accept bitcoin dump once a week most of the times.
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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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AtheistAKASaneBrain
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January 25, 2015, 07:54:51 PM |
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If it survives the first 3 days of the following week we may be actually on the begining of a decent uptrend. Expect corrections tho, but if you have balls you can short and win some coins.
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picolo
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January 26, 2015, 12:14:50 PM |
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If it survives the first 3 days of the following week we may be actually on the begining of a decent uptrend. Expect corrections tho, but if you have balls you can short and win some coins.
I wouldn't be confortable to short now as I except the price to rise. |
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BitmoreCoin
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January 26, 2015, 12:29:16 PM |
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The explaination is simple, payment processing companies and other ones that accept bitcoin dump once a week most of the times.
I do not think so. Your source? |
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