Well, it's a tactic being used to push the price down by applying such pressure (block moving), I described this process in detail about 1-2 months ago on this thread.
Once this push is released, it would go up like a spring (fast BTC increase).
The question is; when is it going to be released?, and would it go as high as $6xx?
By the way, BTC-e is already started going into the $3xx rage...
As I got tons of other things to do right now;..
... I'm still holding ...
Topic: BTC drop to next level coming...bail the F out now! (Read 24657 times)
Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
There are some orders which are cancelled as soon as the bitcoin price nears it.... So these huge sales orders might be just a way to mislead market participants.
PayPal as well as the Winklewoss ETF later this year may bring things around...
it takes a million dollars of fresh money to get back to where we were 24 hours ago, on one single exchange...
never going to happen there is no new money coming in, only going out.
dropping faster every day now until only bag holders are left
never going to happen there is no new money coming in, only going out.
dropping faster every day now until only bag holders are left
Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
That's going to take a lot of buying power to cut through over it. We may indeed have to wait for a few months or some kind of major good news to break out at this point.
Perhaps some old timers from the early days just want to cash out a couple of million dollars each. That would hardly make a dent in some of the biggest Bitcoin wallets.
Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
Sorry, I should've said,...
It's Bitstamp.
It's Bitstamp.
There are 2607 BTCs exactly queued/ordered to be sold on $465, this is going as per my analyses more than a month ago.
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
On which exchange?
There are 2607 BTCs exactly queued/ordered to be sold on $465, this is going as per my analyses more than a month ago.
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
Again, price dropping like this rarely last just 1-2 days. The wind is now blowing in reverse for whatever reason.
I very much doubt this is a 1-2 days wait, I am thinking of 3 months at least.
Again, price dropping like this rarely last just 1-2 days. The wind is now blowing in reverse for whatever reason.
I now have roughly 10% of my capital in bitcoin. This is also money i can afford to loose, so holding too.
The nice thing is, if you hold long enough you may not need to change back to fiat and you can spend it directly.
(if the merchants don't sell those coins immediately you have sort of sold your bitcoin without pushing down the price).
The nice thing is, if you hold long enough you may not need to change back to fiat and you can spend it directly.
(if the merchants don't sell those coins immediately you have sort of sold your bitcoin without pushing down the price).
I am holding 1 BTC even if it goes to the ground! 
Ditto to that, I've got a lot more BTCs stuck upstairs, also holding to the mud.... The main thing is that it's money I can afford to lose, therefore, I am not doing a thing about it now until ... well,... you know...
Ha ha ha, this is a similar case to mine. This is money that i can afford to lose. I feel sorry for those poor sods who went all in, selling their meager possessions and buying BTC in the hope they would be a millionaire some day. The sad part is, they would not have the stomach to take such volatility and end up selling at a loss to get whatever they can out when the boat gets rocked slightly (More like a storm right now!). I have always advised people never to put in money that they cannot afford to lose. Unfortunately, greed over-powers all!
I am holding 1 BTC even if it goes to the ground!
Ditto to that, I've got a lot more BTCs stuck upstairs, also holding to the mud.... The main thing is that it's money I can afford to lose, therefore, I am not doing a thing about it now until ... well,... you know...
Judging by the numbers I am seeing, I'd say; people are starting to loose interest.
I'm leaving my BTCs hanging there for a year before I start thinking about their value unless I see it going above $650 anytime soon.
Good luck to all.
Regards
Heider
I'm leaving my BTCs hanging there for a year before I start thinking about their value unless I see it going above $650 anytime soon.
Good luck to all.
Regards
Heider
We are not even the tip of the iceberg. Too much investment has gone into BTC for it to come crashing down and to stay down. I am sure that people are keeping a keen eye on this development and will buy more at this price range. I also doubt that people are losing interest, in fact i see just the opposite happening. The pro's of BTC far out-number the con's as far as i am concerned. This may be a conspiracy by major banks to discredit BTC and show it as a very volatile product which will de-stabilize the market. People need to look at the many positives that BTC has to offer instead of looking at the negatives. I am holding 1 BTC even if it goes to the ground!
Judging by the numbers I am seeing, I'd say; people are starting to loose interest.
I'm leaving my BTCs hanging there for a year before I start thinking about their value unless I see it going above $650 anytime soon.
Good luck to all.
Regards
Heider
I'm leaving my BTCs hanging there for a year before I start thinking about their value unless I see it going above $650 anytime soon.
Good luck to all.
Regards
Heider
seems to me that the issue is bitcoin's market cap isn't big enough to absorb the hits. it's still too volatile, at least to me.
It definitely is but was way more volatile before and it has gotten a lot better recently. I hope as the market cap increases, the volatility decreases with increased volume.
seems to me that the issue is bitcoin's market cap isn't big enough to absorb the hits. it's still too volatile, at least to me.
Bitlicense issue has pushed the bottom heavy BTC on its ass...worst bottom spike in 6 months but not as bad as the February one.
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