Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23142.

damiano

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103 days, 21 hours and 10 minutes.

Quote from: Torque on January 28, 2015, 07:01:03 PM

Quote from: damiano on January 28, 2015, 06:59:20 PM

Quote from: aztecminer on January 28, 2015, 06:57:30 PM

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

It's early morning there now. We should see some increased activity within the hour

Really? 'Cause their bots are working 24 hour shifts, no caffeine needed.

Bots with human supervision Grin

YourMother

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Round 2 of dumping.

From Mao Taimei Liu Xingfu with love...

mymenace

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Smile

Quote from: hdbuck on January 28, 2015, 06:17:50 PM

Quote from: solex on January 28, 2015, 06:13:45 PM

Quote from: itod on January 28, 2015, 06:01:34 PM

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

Exactly! I also focus only on how many btc I am accruing. The amount of $$ is irrelevant.

+1

drbrock

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Activity: 63

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New to BTC not new to the Empire of Chaos

Quote from: damiano on January 28, 2015, 06:49:40 PM

Quote from: drbrock on January 28, 2015, 06:32:37 PM

Are bulls buying again? BFXdata thats total including all exchanges right?

It's just bitfinex

Ah right cheers man!!

mavericklm

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https://www.youtube.com/watch?v=K2ku1A5Ox8U

abercrombie

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Bitcoin lunar landing cancelled... Cry

Torque

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Quote from: damiano on January 28, 2015, 06:59:20 PM

Quote from: aztecminer on January 28, 2015, 06:57:30 PM

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

It's early morning there now. We should see some increased activity within the hour

Really? 'Cause their bots are working 24 hour shifts, no caffeine needed.

ChartBuddy

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Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

damiano

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Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: aztecminer on January 28, 2015, 06:57:30 PM

Quote from: DaRude on January 28, 2015, 05:52:31 PM

Quote from: itod on January 28, 2015, 05:37:09 PM

Quote from: DaRude on January 28, 2015, 05:26:38 PM

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

It's early morning there now. We should see some increased activity within the hour

samsonn25

hero member

Activity: 882

Merit: 1003

Quote from: itod on January 28, 2015, 06:25:11 PM

Quote from: DaRude on January 28, 2015, 06:10:36 PM

Quote from: itod on January 28, 2015, 06:01:34 PM

Quote from: DaRude on January 28, 2015, 05:52:31 PM

Quote from: itod on January 28, 2015, 05:37:09 PM

Quote from: DaRude on January 28, 2015, 05:26:38 PM

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

To increase your BTC stack you need to sell high buy low. There was like 2500BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt

They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come.

There is kinda conspiracy theory about that in the stock market too. But these are normal market forces at work here. True there are sheep and they are prone to emotional ups and downs easier than, lets call them more experienced or less emotional traders.

But in the end there are more sellers than buyers thats why the price drops. And price goes up when there are more buyers than sellers.

If the Big Boys are dumping to create a panick rush and try to make a big drop and their timing is not right they get fcked if other buyers, maybe some other whales are waiting for a good time to load up and up and up.

aztecminer

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Activity: 1092

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Quote from: DaRude on January 28, 2015, 05:52:31 PM

Quote from: itod on January 28, 2015, 05:37:09 PM

Quote from: DaRude on January 28, 2015, 05:26:38 PM

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: drbrock on January 28, 2015, 06:32:37 PM

Are bulls buying again? BFXdata thats total including all exchanges right?

It's just bitfinex

galdur

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Activity: 616

Merit: 500

I guess it goes without saying. If you have been believing that BTC is heading to zero then you obviously have been loading up on safe things like stocks and bonds - which are now staggering bubbles about to burst with awful consequences. The only question I´m interested in is how will this affect BTC action.

Sitarow

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Activity: 1792

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Quote from: LFC_Bitcoin on January 28, 2015, 06:35:40 PM

Quote from: Spaceman_Spiff on January 28, 2015, 06:34:22 PM

Quote from: LFC_Bitcoin on January 28, 2015, 06:27:40 PM

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

I'm happy with my stash.

I don't want it to drop low because there wouldn't be any guarantee it'd rise again.

Most feel that way.

Only those who have nothing to loose push it lower.

Quote from: YourMother on January 28, 2015, 06:41:42 PM

People from BTC-e are making loads of money with the idiots from Stamp.

$15-$20 per Bitcoin.

There is a limit on the number of BTC you can withdraw a day on btc-e

hdbuck

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Activity: 1260

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Quote from: galdur on January 28, 2015, 06:39:23 PM

I guess you bears are long stocks so maybe it´s not a very interesting subject.

Short BTC, long stocks what could go wrong.

Investment Guide For The American Dystopia: Go Long the 1%, Short The Middle Class Grin

http://www.zerohedge.com/news/2015-01-12/investment-guide-american-dystopia-go-long-1-short-middle-class

YourMother

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People from BTC-e are making loads of money with the idiots from Stamp.

$15-$20 per Bitcoin.

galdur

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Activity: 616

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I guess you bears are long stocks so maybe it´s not a very interesting subject.

Short BTC, long stocks what could go wrong.

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: Spaceman_Spiff on January 28, 2015, 06:34:22 PM

Quote from: LFC_Bitcoin on January 28, 2015, 06:27:40 PM

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

I'm happy with my stash.

I don't want it to drop low because there wouldn't be any guarantee it'd rise again.

galdur

hero member

Activity: 616

Merit: 500

So, how will the coming intermediate to long-term grind down of the stock market affect BTC price ?

Long-term like in until middle of next year or so. The crash of 2008 took about 18 months to fully develop.

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: LFC_Bitcoin on January 28, 2015, 06:27:40 PM

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23142. (Read 26610076 times)