Big players attempting to drop price

fewcoins

full member

Activity: 126

Merit: 100

Quote from: arbitrage001 on December 09, 2014, 01:03:20 PM

Quote from: spazzdla on December 09, 2014, 08:40:39 AM

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!

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: Dafar on December 09, 2014, 12:40:03 PM

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

They will once they're done accumulating. Wink

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: 1Referee on December 09, 2014, 08:53:36 AM

Quote from: spazzdla on December 09, 2014, 08:40:39 AM

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

arbitrage001

legendary

Activity: 1067

Merit: 1000

Quote from: spazzdla on December 09, 2014, 08:40:39 AM

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.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: coinableS on December 09, 2014, 12:47:34 PM

Quote from: Dilla on December 09, 2014, 09:47:07 AM

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.

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: Dilla on December 09, 2014, 09:47:07 AM

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.

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

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

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Serge on December 09, 2014, 11:28:12 AM

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.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: NotLambchop on December 09, 2014, 11:19:25 AM

Quote from: RodeoX on December 09, 2014, 11:16:36 AM

Quote from: ?? on ??

Quote

..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 Cheesy

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.

Serge

legendary

Activity: 1050

Merit: 1000

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

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: RodeoX on December 09, 2014, 11:16:36 AM

Quote from: ?? on ??

Quote

..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 Cheesy

abyrnes81

hero member

Activity: 714

Merit: 500

Quote from: RodeoX on December 09, 2014, 11:16:36 AM

Quote from: ?? on ??

Quote

..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.

Bitcoin is the first ponzi open-source Grin

(* according to ponzi_breaker*).

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: ?? on ??

Quote

..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.

vabtc

jr. member

Activity: 55

Merit: 4

Quote from: NotLambchop on December 09, 2014, 10:44:54 AM

Quote from: Thenen on December 09, 2014, 10:34:20 AM

We really need the bitcoin halving to come earlier, miners are dropping bitcoin too fast...

Satoshi was not betting on such bubbly adoption. Bitcoin was never meant to have such high market cap so soon.

You don't know a damn thing about what Satoshi was "betting" on.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: spazzdla on December 09, 2014, 09:11:22 AM

Quote from: 1Referee on December 09, 2014, 08:53:36 AM

Quote from: spazzdla on December 09, 2014, 08:40:39 AM

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?

A smaller one only has like 120 btc vol a day.

I thought you were talking about 2000XBT sell walls.

Quote my words : January 1st Bitcoin price will be +$400.

Why? Because it's a new year. New year means new opportunities.

leen93

sr. member

Activity: 616

Merit: 250

we'll see 500$ soon

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: kwukduck on December 09, 2014, 10:44:27 AM

I had hoped we wouldn't break this indicator, but we have, and quite so.
We can expect sub 100 in a 1 to 2 month time frame now. Worst of all, there's no indication it will stop collapsing there.

Would you mind sharing which indicator? My most bearish scenario is currently about 140$, not double digits, so I'm curious.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Thenen on December 09, 2014, 10:34:20 AM

We really need the bitcoin halving to come earlier, miners are dropping bitcoin too fast...

Satoshi was not betting on such bubbly adoption. Bitcoin was never meant to have such high market cap so soon.

kwukduck

legendary

Activity: 1937

Merit: 1001

I had hoped we wouldn't break this indicator, but we have, and quite so.
We can expect sub 100 in a 1 to 2 month time frame now. Worst of all, there's no indication it will stop collapsing there.

abyrnes81

hero member

Activity: 714

Merit: 500

Quote from: spazzdla on December 09, 2014, 08:40:39 AM

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.

Do you mean the early adopters / miners? Maybe you're right , but we can't do nothing - only see what will happen ( personally I think the price will not drop under $ 300).

Topic: Big players attempting to drop price (Read 2116 times)