Do You now something about bitcoin price?

Hfleer

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Quote from: AdamSmith on August 17, 2014, 02:37:06 AM

Quote from: Skoupi on August 15, 2014, 10:30:55 PM

Quote from: zhinkk on August 15, 2014, 10:28:30 PM

Quote from: Skoupi on August 15, 2014, 10:23:05 PM

Quote from: AdamSmith on August 15, 2014, 10:18:02 PM

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

What's that link supposed to mean?

Showing where ethereum's coins are going. Here is the english version:

https://blockchain.info/en/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

I got that. But are they going to confirmed exchange addresses? Otherwise i can't see a connection with the price drop.

There is no reason for them to move the coin unless they want to sell it. So I am guessing they moved a large chuck of coin to either settle previous debt or selling them on the exchange.

They even said that they are paying wages and repaying loans with it. If the deposited it into an exchange to coverup taint, I don't know.

AdamSmith

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Activity: 142

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Quote from: Skoupi on August 15, 2014, 10:30:55 PM

Quote from: zhinkk on August 15, 2014, 10:28:30 PM

Quote from: Skoupi on August 15, 2014, 10:23:05 PM

Quote from: AdamSmith on August 15, 2014, 10:18:02 PM

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

What's that link supposed to mean?

Showing where ethereum's coins are going. Here is the english version:

https://blockchain.info/en/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

I got that. But are they going to confirmed exchange addresses? Otherwise i can't see a connection with the price drop.

There is no reason for them to move the coin unless they want to sell it. So I am guessing they moved a large chuck of coin to either settle previous debt or selling them on the exchange.

spiderbrain

legendary

Activity: 889

Merit: 1013

Quote from: adamstgBit on August 15, 2014, 01:43:44 AM

this confirms long squeeze.

I'm so glad something is confirmed, is has been so long. Was it comfirmed by sources? Wink

Zarathustra

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Activity: 1162

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Quote from: Skoupi on August 15, 2014, 10:30:55 PM

Quote from: zhinkk on August 15, 2014, 10:28:30 PM

Quote from: Skoupi on August 15, 2014, 10:23:05 PM

Quote from: AdamSmith on August 15, 2014, 10:18:02 PM

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

What's that link supposed to mean?

Showing where ethereum's coins are going. Here is the english version:

https://blockchain.info/en/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

I got that. But are they going to confirmed exchange addresses? Otherwise i can't see a connection with the price drop.

Individuals who have contributed loans to the project will receive repayment in BTC directly; “we” will not be selling any portion of this 2650 BTC on exchanges ourselves, although individuals may choose to independently convert the BTC that they receive into fiat after the fact.

https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

Skoupi

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Activity: 252

Merit: 250

Skoupi the Great

Quote from: zhinkk on August 15, 2014, 10:28:30 PM

Quote from: Skoupi on August 15, 2014, 10:23:05 PM

Quote from: AdamSmith on August 15, 2014, 10:18:02 PM

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

What's that link supposed to mean?

Showing where ethereum's coins are going. Here is the english version:

https://blockchain.info/en/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

I got that. But are they going to confirmed exchange addresses? Otherwise i can't see a connection with the price drop.

zhinkk

sr. member

Activity: 266

Merit: 250

Quote from: Skoupi on August 15, 2014, 10:23:05 PM

Quote from: AdamSmith on August 15, 2014, 10:18:02 PM

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

What's that link supposed to mean?

Showing where ethereum's coins are going. Here is the english version:

https://blockchain.info/en/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

Skoupi

sr. member

Activity: 252

Merit: 250

Skoupi the Great

Quote from: AdamSmith on August 15, 2014, 10:18:02 PM

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

What's that link supposed to mean?

AdamSmith

full member

Activity: 142

Merit: 100

The margin and leverage change on bitfinex is more likely reacting to the systemic risk they have.

Sold off for the last 2 weeks is mainly due to Ethereum cash out.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

Habeler876

hero member

Activity: 624

Merit: 500

Quote from: minerpumpkin on August 15, 2014, 02:56:04 AM

Quote from: FattyMcButterpants on August 15, 2014, 01:46:16 AM

Quote from: zedicus on August 15, 2014, 01:33:03 AM

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital...... Tongue

Still, it could have been triggered by the fear of new regulations concerning margin trading! You don't know WHY that sell happened. But it was quite mesmerizing to actually see that big candle going down and seeing longs go bust. The credit bubble hasn't popped, though. Has it?

No, we don't know why, but it did look like one person/group, and there are many reasons to sell, and I'm not even sure if that's one of them, from glancing at the change. But no, don't think the bubble has popped. Then again, some whales could step in and keep it going, too. Tongue

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: FattyMcButterpants on August 15, 2014, 01:46:16 AM

Quote from: zedicus on August 15, 2014, 01:33:03 AM

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital...... Tongue

Still, it could have been triggered by the fear of new regulations concerning margin trading! You don't know WHY that sell happened. But it was quite mesmerizing to actually see that big candle going down and seeing longs go bust. The credit bubble hasn't popped, though. Has it?

madken7777

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Quote from: linxproz on August 15, 2014, 02:21:32 AM

I'm not an expert at all but I doubt that bitfinex could have influenced this (small) crash.

It did.

The cascading sold off to around 450 was due to either margin call or big whale closing out his long position.

linxproz

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I'm not an expert at all but I doubt that bitfinex could have influenced this (small) crash.

FattyMcButterpants

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Activity: 448

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Quote from: zedicus on August 15, 2014, 01:33:03 AM

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital...... Tongue

adamstgBit

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Trusted Bitcoiner

Quote from: zedicus on August 15, 2014, 01:33:03 AM

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

A long squeeze. best explanation i have heard yet.

charts seem to agree, you can see bitfinex went lower faster and also bounced faster.

this confirms long squeeze.

zedicus

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Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

Kprawn

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It's a clandestine group of BTC Whales dumping huge amounts of BTC on exchanges, to push the price down, and for noobies to panic and exit the market.

After this is over, they would buy back all the coins they sold, and also the cheap "noobie" coins. They do not want a small part of it, they want it ALL. Grin