Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18245. (Read 26609840 times)

agreed, but it seems like some planned/coordinated attack to shake out some weak hands or to destroy some margins.

the only question is, to what purpose?

preparing for a takeoff?

Whatever, savetherain. 

I think that I sufficiently made my point already, but maybe a bit of a further explanation could be helpful - rather than sitting back without acknowledging your seemingly attempts to buy into superficiality while denigrating the comments of others.

Yes, some kind of pump or dump can start in one location, such as china, but the bitcoin is much more complex than being controlled by a narrow set of interests and market movements play on each other, even if they may have started in one location.  There exists all kinds of lead and follow from various trading points, and to characterize the matter as "chinese" or an "attack" seems to largely lose the point with attempts at superficiality and misleading attempts at oversimplification.

Also, the "attack" characterization seems to imply that there is something going on that is beyond mere market dynamics.  In fact, most exchanges have been experiencing fairly low levels of trade volume, which leaves pumping and dumping (in either direction) fairly easy to carry out with a relatively low number of coins... Characterizing such trading as an "attack" comes off as an exaggeration in the least, and could be characterized as misleading if such language were coming from a troll - which I would not want to suggest that IMI is a troll, though you, savetherain, frequently do come off as a bit of a troll.... but that may be just your strange ways of presentation?   

You do see the timing right? ... And that the chinese started this... and the rest followed... right?? Or are you so trapped in your bubble and blinded by the soap distortions on your bubble's walls... ??  

I agree with you about goal to trigger some stop-loss margin calls, but such dumping does not need to be characterized as either an "attack" nor "chinese."  

most probable explanation: a coordinated chinese attack to trigger stop-loss-margin-calls.

There should be some excitement when we experience some price movement, no matter which direction especially when we had been experiencing extended periods of flat prices and fairly mediocre trade volume.

I don't see any major reason to get worked up regarding one bitcoin trade, unless you are attempting to play your bitcoin trades balls to the walls, which generally tends to be a bad strategy - unless you happen to be a whale who can kind manipulate prices.

Accordingly, let's say for example yesterday you had $1000 available that you could invest in bitcoin, and your view of bitcoin price was super bullish.  In those kinds of circumstances (depending also on the amount that you already had invested in bitcoin), you may have reasonably chosen to invest anywhere between $700 and $800 into bitcoin at $618 and then waited to see which way the price goes and have $200 to $300 available for further buying in the event that prices moved against your optimism (which just happened).

Well that was a major dip just now I noticed too.
The profit for the amount that I bought yesterday has dropped to -13%.
Oh Well! It was nice thinking I got profit while it lasted for 10 hours.

We will anyway, thanks to global warming.

A cool off? We haven't gone up THAT much surely?

With pump and corrections like this we will all have our own islands by the year 2140.

is crypto done??  


"One small step for man, one giant leap for Bitc... "

Assuming nothing major has happened, a cool-off like this may be a healthy correction for the next leg up.

For $100 worth yes it is a profit for less it is not worth it.
Yes it going down now probably from all the buying that happened yesterday.

Buy time.

happy with that profit?? Wow! I'd say you are very easily pleased! Anyway it's down $5 now from yesterday.




Edit.


I spoke too soon. It's way down in seconds

you mean like the one we saw before the finex-hack?

This must be some insider selling...

You were saying...

that doesnt look like a "non event"

no fckn idea

But it went up slightly and then dropped to below where we were.