LOL! 16k at poloniex
Oh must be those darn manipulators that keep it artificially low elsewhere while someone bought maybe 4 coins for 16k! How can some like Barabbas and the others deny such clear evidence, how can they??
I must say Barrabas, that I thought the 42BTC sell wall at 13k (or was it 12k?) on mintpal during the last mini-pump was awfully suspicious at the time and did seem to indicate that the seller wanted the price to stay down..
Its was a 42 BTC sell wall on Mintpal at 18k and it was being eaten but was being replenished, it was there for a good 2 days. That killed the last uptrend, we would've been back to 20k-25k...yeah no manipulation here, move along nothing to see here.
Someone posted a pic of it on here somewhere...
Geez was it 18k? In hindsight, maybe 18k was a good price to sell for ;-)
OK, I'll put on my tin foil hat, ok? When a big wall appears, more often than not is formed by various sellers that happen to set their sell orders at that particular price. Now, since I have the tin foil firmly installed in my head, I am going to speculate, instead, that that was in fact one big seller or coordinated group of sellers. I would speculate even more: It was more than probably The Black Hand getting rid of significant amounts of their 4.5 million coins invested long ago with the hope the devs would play ball, like BC did before, and let them manipulate not one but several gigantic pumps and dumps. Since the devs showed clearly that they would not play ball, in spite of the efforts of Joel Bosch -reknown Mano Nera operative-, The Black Hand proceeded, slowly, to dump those 4.5 million coins.
I believe the spiral downside has been provoked mainly for that reason and with those players in the field.
But what do I know, I am just speculating with my tin foil hat on...
Meanwhile there's a nice over 25% rebound in progress, so it seems the announcement of the "secret weapon" on twitter, as I pointed out, is doing what it is supposed to do. Glad the devs came out with that. Came out with anything, really...
If you tracked the top 100 wallets over the last couple of weeks you would of seen a massive amount of accumulation..I think we will see something played out here in the coming week.
Let me get this straight: In your opinion, during the last 2 couple of weeks there has been a lot of "accumulation", "massive", in fact, by your expression... well, how massive has it been, since you appear to have done the deed (of tracking it)?
Because I believe you are probably mistaking the affluence of coins to the trading exchanges for "massive accumulation", which, as you very well know, produces the opposite effect... or, more precisely, what has been in fact happening in the markets in the last couple of weeks.
See? I haven't been tracking the top 100 wallets, but I got from Patrick -we all did- just yesterday, that we have around 20-22 million REAL coins staking and something like 5.5 million coins -or thereabouts- on the exchanges. And you DO know that the total coins in existence is 26.8 million.... I am not a very gifted mathematician, admittedly, but I use the fingers quite well to add and susbtract and much turns I give to it, In continue coming out with ... the opposite to accumulation.
Perhaps you should track less wallets and maybe identify the exchanges wallets instead, the main one is actually quite easy to see, and that would give you a very good guide as to how much accumulation, massive or otherwise, is actually taking place... and when the opposite to that is happening, which is, indeed, what we have been suffering here during those weeks you just mentioned.
With the tweet by the devs, we seem to have put a halt to the selling for now and currently stand at almost 40% above the early low. Not a bad trade if you ask me. And not a bad move, as I have been suggesting of late. Perhaps there's gas for a bit more, but don't expect those who bought under 9, like me, to be idle and not book some gains here for the first time in weeks, so any further rebound could be somewhat tepid... at least until the "secret weapon" is unveiled over the weekend. Interesting trading days ahead, in my view, and a very nice and welcome increase in volume and exposure. All positive regardless of the size of the rebound.
But no accumulation of any kind, except in the trading wallets at MP and Bittrex mostly.
Its ok Barabbass the facts will be posted...
