Crap, we be bleedin' mightily here.
This is tough to watch if your holdin'.
This is tough to watch if your holdin'.
how far u think we going down ??
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18540. (Read 26609699 times)
June 22, 2016, 11:47:40 AM
how far u think we going down ??
June 22, 2016, 11:40:02 AM
No, Gentlemen, please! I beg you, no applause.
Did I say possible upblip?
Is it too late to retract that piece of irrational optimism?
Probably. I hear they print that out of thin air over in China.
[...]
Because fundamentals. The implosion is not a question of if, but when.
That said, we might see a bit of an upblip today, but down below current price within 48hrs.
Because fundamentals. The implosion is not a question of if, but when.
That said, we might see a bit of an upblip today, but down below current price within 48hrs.
Did I say possible upblip?
Is it too late to retract that piece of irrational optimism?
I suspect China just thrown an unlimited fund supply of cash to the exchanges.
Probably. I hear they print that out of thin air over in China.
June 22, 2016, 11:39:11 AM
liquidations and its BULLISH overall, Finex still has an absurd number of leveraged bulls, we need them to close out before the price can run again.
its getting tiring having to trade BTC so heavily to hedge off these constant falls.
its getting tiring having to trade BTC so heavily to hedge off these constant falls.
June 22, 2016, 11:35:23 AM
For the love of God ... WTF did I just saw in China??? ... For a second there... no one was placing buy orders!!! 
The belly of the Dragon is full...
Moon is coming!!!
The belly of the Dragon is full...
Moon is coming!!!
What, you mean this?
Nothing to worry about. Natural, organic correction which inevitably, every.fucking.time, follows natural, organic increase in utility and mass adoption
Someone was dumping like crazy ... I saw like 3 consecutive dumps where every ask of 1000-1500 per total was just eaten. And another was appearing!
Someone is giving charity or does not like BTCitcoin very much.
I suspect China just thrown an unlimited fund supply of cash to the exchanges.
"The Dragon" being like : Feed Me!!!
June 22, 2016, 11:34:27 AM
Wow, this is impressive
My guess is we'll go lower stillso crypto is done?
June 22, 2016, 11:33:30 AM
Wow, this is impressive
My guess is we'll go lower stillso crypto is done?
June 22, 2016, 11:33:26 AM
Selloff 2 in progress?
Bloody hell. I should have gone all in shitcoins. Why didn't anybody warn me?!?
Don't grieve, for the earthly gains are fleeting as a morning cloud. As the early dew it goeth away.
On the other hand, the genuine, lasting satisfaction one acquires by supporting the One True Coin (by buing it with actual money from a righteous bro)? Well, that you can take to the bank!
Which is to say you can keep it, now that you're your own bank!
Enjoy!
June 22, 2016, 11:32:25 AM
Wow, this is impressive
My guess is we'll go lower still 
June 22, 2016, 11:30:24 AM
Wow, this is impressive.
June 22, 2016, 11:28:12 AM
Crap, we be bleedin' mightily here.
This is tough to watch if your holdin'.
This is tough to watch if your holdin'.
June 22, 2016, 11:26:02 AM
Down we go again. When are the results for the auction going to be released?
Apparently everyone is so embarrassed by the large amount of money they spent per bitcoin.
June 22, 2016, 11:20:51 AM
Huh and here i was thinking that each transaction has a buy and a sell side. So who's buying the coins during those high selloff volumes? And who's selling them at high buying volume?
Whales can massively short with leverage, dumping coins back down into their own bid walls, making money the whole way down.
You do know how markets work, right?
Apparently not. But sounds like you've figured it out. You must be a billionaire who figured out how markets work?
Ultimately that money has to come from somewhere for those magical whales to profit, by leverage shorting (even though shorts on finex have been stable for a year now)
June 22, 2016, 11:19:34 AM
Selloff 2 in progress?
Bloody hell. I should have gone all in shitcoins. Why didn't anybody warn me?!?
June 22, 2016, 11:18:48 AM
This is not looking good
June 22, 2016, 11:17:11 AM
Selloff 2 in progress?
June 22, 2016, 11:08:13 AM
So this all makes perfect sense, eh?
Weeks and weeks of excitement and price rise on all exchanges. People were saying China was leading, providing 90% of the volume, and couldn't get enough.
Then an auction ends.
Then an exchange has network problems and goes offline for a bit.
Meanwhile price plummets.
Exchange comes back online.
But now we're at -130/btc, and all trading has essentially come to a complete halt.
Makes perfect sense, right? But...but.. China demand?? Right?? Fellaz??
Weeks and weeks of excitement and price rise on all exchanges. People were saying China was leading, providing 90% of the volume, and couldn't get enough.
Then an auction ends.
Then an exchange has network problems and goes offline for a bit.
Meanwhile price plummets.
Exchange comes back online.
But now we're at -130/btc, and all trading has essentially come to a complete halt.
Makes perfect sense, right? But...but.. China demand?? Right?? Fellaz??
You have a bit of a ridiculous style to spew marginal theories.
You put out these nonsense assertions while attempting to suggest that you are just summarizing some other supposedly dominant and representative group.
Real knowledgeable bitcoiners are not saying the things that you attribute to them, except perhaps on the margins.
June 22, 2016, 11:06:49 AM
LOL Them Finex bidwalls.
June 22, 2016, 11:06:39 AM
Huh and here i was thinking that each transaction has a buy and a sell side. So who's buying the coins during those high selloff volumes? And who's selling them at high buying volume?
Whales can massively short with leverage, dumping coins back down into their own bid walls, making money the whole way down.
You do know how markets work, right?
June 22, 2016, 11:05:39 AM
Does any of the China exchanges have some kind of circuit breaker? That just eats up all the cheap coins?
June 22, 2016, 11:04:03 AM
I'm not a snide rube. 
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