somebody pulled the flush yesterday | Bitcointalksearch.org

Lanatsa

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Quote from: sana54210 on July 17, 2019, 02:10:44 PM

Guys, this will keep happening until we are finally over 20k and will continue to happen even afterwards for a while. There has been a lot of people who have bought bitcoin at over 10k and they have been waiting for years to finally cash out without a loss or with minimum loss (maybe even profit) so they are bound to ruin the bull hype train a bit in order to make their money back.

Anytime we reach 12k+ prices they will keep selling their coins to get their profits they have been waiting for so long and that will continue to do so until there are no more sellers from that era of bitcoin. When we are finally done with them we can easily go back up in price and reach even higher levels, until that happens though we are going to just keep going up and down for a long time.

Its a market which is composed with sellers on buyers where we cant just see on continuous rising price.There would always be a sell-off and people

who are just being hyped up on that sudden price increase a month ago believing that we would reach up ATH too early then as I expected it wont really be that easy.
This would be still the same bumpy road we had experienced in the past and on future years to come.

sana54210

legendary

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Guys, this will keep happening until we are finally over 20k and will continue to happen even afterwards for a while. There has been a lot of people who have bought bitcoin at over 10k and they have been waiting for years to finally cash out without a loss or with minimum loss (maybe even profit) so they are bound to ruin the bull hype train a bit in order to make their money back.

Anytime we reach 12k+ prices they will keep selling their coins to get their profits they have been waiting for so long and that will continue to do so until there are no more sellers from that era of bitcoin. When we are finally done with them we can easily go back up in price and reach even higher levels, until that happens though we are going to just keep going up and down for a long time.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Red-Apple on July 15, 2019, 07:28:30 AM

i have no problem with fluctuations, corrections, rises or drops. and i am not blaming that part of the market. i am blaming what comes after the correction, after the rise,... the panic buyers and panic sellers that create the huge volatility and open room for manipulators to enjoy big profits that they take out of their pockets.
and it is not about holding either, it is about selling at the correct time and if that time was missed not selling anymore. the panic sellers sell when the sell is done and drop is over and cause the drop become sharp and look like a big ass V

While I understand your discontentment with those that are selling their coins at the worst possible time, if it was not for them then it will be impossible for traders and investors to make any profits since everyone will be taking the right decisions all the time and no one could beat the market, the only thing we can do is to try to educate those that are willing to listen and to improve themselves, but what about the rest? There is nothing we can do for them, despite what they say their actions clearly indicate that they love to lose money.

Red-Apple

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these are the steps now to "trap the bears" and practically perform the last squeeze on the market and see how much blood gushes out of it.
this bear trap stage is the most common thing that happens after the initial take off and first sell off was done and here in bitcoin we have that mixed with some panic. then comes the next stage of the big rises.
...and it is the same thing we had before the previous ATH happened back in 2016

exstasie

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Quote from: prophetx on July 16, 2019, 02:30:54 AM

I agree it’s a very weak bounce at the moment

Stronger than anything we've seen since the top on July 10th. That was a $1,200 daily bar.....nothing to sneeze at. But its true, bears are still in control as far as the 4H-daily trends. Looking at the daily chart, if bulls can break and hold above $11,500 then it's bullish and I'm inclined to say we won't make new lows. It's up in the air for now.

prophetx

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he who has the gold makes the rules

Quote from: STT on July 15, 2019, 07:04:29 PM

Quote from: prophetx on July 14, 2019, 10:36:24 PM

i agree tho that if it doesn’t bounce in the next 12 hours it’s gonna test new lows

Disappointing to me is that it did bounce however I still think on the daily trend and some other measures it can turn bearish here. To do so now after already rallying and wearing some buyers out would produce that OP flush mentioned.

For the bearish view 11,500 would be the last fight but mostly I think it should stalling on this daily bar not still edging up but I dont have all of the picture. Maybe Japan and Korea decides the fates of BTC

I agree it’s a very weak bounce at the moment

STT

legendary

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Quote from: prophetx on July 14, 2019, 10:36:24 PM

i agree tho that if it doesn’t bounce in the next 12 hours it’s gonna test new lows

Disappointing to me is that it did bounce however I still think on the daily trend and some other measures it can turn bearish here. To do so now after already rallying and wearing some buyers out would produce that OP flush mentioned.

For the bearish view 11,500 would be the last fight but mostly I think it should stalling on this daily bar not still edging up but I dont have all of the picture. Maybe Japan and Korea decides the fates of BTC

Red-Apple

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Quote from: marcbitcoins on July 14, 2019, 10:49:09 PM

We shall not put all the blame to weak hands and we should not praise the big whales either. There are lot of reasons of why the market is constantly fluctuating like the corrections in the middle of real demand and some hacked exchanges in which stolen cryptos are being sold creating panic but we shall not blame the weak hands only as some times that you keep on holding but the market keeps on falling losing your opportunity to sell making you to confuse on every market movement.

i have no problem with fluctuations, corrections, rises or drops. and i am not blaming that part of the market. i am blaming what comes after the correction, after the rise,... the panic buyers and panic sellers that create the huge volatility and open room for manipulators to enjoy big profits that they take out of their pockets.
and it is not about holding either, it is about selling at the correct time and if that time was missed not selling anymore. the panic sellers sell when the sell is done and drop is over and cause the drop become sharp and look like a big ass V

marcbitcoins

full member

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We shall not put all the blame to weak hands and we should not praise the big whales either. There are lot of reasons of why the market is constantly fluctuating like the corrections in the middle of real demand and some hacked exchanges in which stolen cryptos are being sold creating panic but we shall not blame the weak hands only as some times that you keep on holding but the market keeps on falling losing your opportunity to sell making you to confuse on every market movement.

prophetx

legendary

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he who has the gold makes the rules

Quote from: STT on July 14, 2019, 06:55:59 PM

If it loses this area without much a contest it should show up as further selling I think. This is the 33 day average forming the ceiling to pricing over today. Every bar is 4hr and its failed to regain any momentum to the upside so far hence market shows little desire to rise at this time.

monday is payday and banks open so lets see what happens

i agree tho that if it doesn’t bounce in the next 12 hours it’s gonna test new lows

STT

legendary

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If it loses this area without much a contest it should show up as further selling I think. This is the 33 day average forming the ceiling to pricing over today. Every bar is 4hr and its failed to regain any momentum to the upside so far hence market shows little desire to rise at this time.

Moiyah

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We are not new to this kind of pulled. It is not surprising at all, we are in crypto world where the market can be manipulated possible by whales who owns thousands of bitcoin. They pulled the trigger then let them be. As long as we are not panic selling and panic buying when that happens. As long as there are corrections in the market, probably not to worry about.

WinslowIII

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Pull the flush - I like that. Makes me visualize weak hands and short term speculators being flushed down a toilet lol.

https://www.youtube.com/watch?v=_-8j8c7iL3E

Cherylstar86

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Quote from: ?? on ??

I also believe that manipulators uses this flush or the sudden dump so that panic sellers loses their holdings that will greatly affects the bitcoin price. This is definitely the doings of supply and demand and also i dont like those people who just comes here because of the hype and quits after losing to the flush.

Just let it happen mate, we're out of control on that scenario that suddenly blasted yesterday. Although some holders tend to panic, but some we're able to buy and take good opportunities to hold Bitcoin. It's their decision to sell and get their profit and even if btc price declined, that's another good signs to obtain another surges which makes price became consistent.

South Park

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I am terrible at Fantasy Football!!!

Quote from: bitgolden on July 10, 2019, 09:19:59 AM

I think they are trying to create a fomo right now. Think about it, first they will sell all their alt and go buy bitcoins with it which will increase the bitcoin price, then the new people who do not have bitcoin right now will see that and buy from them, so they will use that bitcoin to go back to altcoins later on because bitcoin already skyrocketed and then they will make the altcoins go high so the new people that bought bitcoin that missed the biggest increase will start buying altcoin as well and eventually those "new" people will miss both the bitcoin run and altcoin run while the people who are doing it right now will be profiting from it themselves, that is why I think this is a clever setup by the veterans and whales of the market right now.

That is a possibility since altcoins have been really quiet during this increase in the price, it is true they have gained value against fiat but they have lost value against bitcoin and the dominance of bitcoin is still going up despite the current decrease in the price and it is now at 65.2%, however it is also possible that investors have lost their confidence in altcoins and we will not see an altcoins season now, after all while many are expecting the current bull run to be greater than the last one I do not see all the factors aligned for that to happen.

STT

legendary

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Quote from: pooya87 on July 09, 2019, 11:18:23 PM

nah, we are fresh out of FOMO buyers for the time being. they just did their panic buys when we initially went above $10k and reached a high price at $12k IIRC and then with the correction that we had right after it, they panic sold and are currently out.

Im willing to bet thats a more reasonable take for the moment, we have made several attempts in this area. In terms of quick money its been done and played over, markets dont usually simply repeat without variation. So if the top boundary wont give way, it might move to test the 10k area with more conviction.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

I think they are trying to create a fomo right now. Think about it, first they will sell all their alt and go buy bitcoins with it which will increase the bitcoin price, then the new people who do not have bitcoin right now will see that and buy from them, so they will use that bitcoin to go back to altcoins later on because bitcoin already skyrocketed and then they will make the altcoins go high so the new people that bought bitcoin that missed the biggest increase will start buying altcoin as well and eventually those "new" people will miss both the bitcoin run and altcoin run while the people who are doing it right now will be profiting from it themselves, that is why I think this is a clever setup by the veterans and whales of the market right now.

leowonderful

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Bitcoin FTW!

It's important that you don't FOMO into any trades at the moment either, even though it may seem attractive to just market buy and hope that things continue to go up with the trend we're in. I'm personally setting a few limit buys in the upper $12ks and also in the lower $12ks should we get some bearish movement downwards, which I see as being possible at any moment here. Bulls have really been buying up dips recently, however, and any significant attempts at dumps have been rapidly bought up at the moment. Still can't rule out a liquidation fueled wick down, as OI on BitMEX is so high in USD value and XBT value that this can rip up and down very rapidly.

Questat

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Ain't no surprise for a sudden drop may follow after a short pump. This is eventually happening as weak hands lose their BTC and the start of FOMO.
Just one thing to send them(weak hands) is that never pull the trigger too early, let the price may move farther and we all got benefited with this.

But of course, we aren't controlling them and only we just asking for their support otherwise, we can't be seeing another ATH.

1Referee

legendary

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Quote from: Kemarit on July 10, 2019, 03:17:27 AM

So it's going to cyclical, more FOMO, wise investors book their profit. So let's see if they FOMO at $13000-$13500. But then I wouldn't surprised if we see another pullback after that.

It's a good thing to face resistance around these levels because that means people are unloading their coins, which will make a further increase afterwards easier because their bags will either remain empty or they will re-accumulate to not miss out. I'm confident that the bulls will be able to absorb the selling without too many problems.

The last time we saw a spontaneous dump was on Bitstamp which triggered them to start an investigation, which I'm sure is enough to scare off whales trying to do it another time. It's a bit messed up to be honest, because if someone wants to dump a lot of coins then so be it, it's a free market, but Bitstamp thinks otherwise. Roll Eyes

Topic: somebody pulled the flush yesterday (Read 772 times)