Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26285. (Read 26712348 times)

They never said all 7k were dumped by a single entity. This was caused by many players *together* cutting their loose. Cut *your* loose before it's too late!

Maybe buying back the 7k coins he dumped a few days ago?

Anybody think he can prevent a drop to 420?  This is actually a turning point, possibly.  I am sure everyone has bids lined up down to 350, and we may actually go up.

Explanation

Either one man is trying to turn the market OR it's bogus volume. In my opinion.

Something to think about: BFX said that 7k btc were dumped to create the long squeeze a few days ago.  There are only ~100 people with that many coins.  If you take into account that they would not risk more than half of their entire holdings, there are only ~40 or 50 max.  If you say they are smart enough not to risk more than 20%, there are very few.

So one of the bitcoin big shots is the one who screwed the market and tried to bankrupt the longs.  The 7M USD in coins (probably much more) that he already owned wasn't enough.  

Disappointing, isn't it?

I don't gamble.. I just post their signature and let people have a choice. Whats a scam is that minersource.net ad thats here. they turned scammer and closed up shop,, now thats a scammer..

If not lower.. but I dont think the risk is worth it.. Ive been thru worse "storms" and hopefully ill look back in a few months and this will be just another lesson to hodl....

That guy at 462.9 bought some 1500 coins so far. hm.. what the hell is he doing

^smart?..lol that is a known scammer site!!!  muuhahaahaa  

dumping on any sign of a dump, i see no reason why the pattern wont hold, low 400's some time in the late AM

More dumps on stamp...not sure wtf the point of that was 

looks like a bullish double bottom has formed thanks to Mr.dump

Only you should answer that question... and if you are going to ask it... here is probably not the place tbh... headless chickens comes to mind.

my two pence for what it is worth... there is a very good probablility of a retest and possible further dip at this point...new day dawning in China right about now... and the market is friskey... is it worth trading as you suggest? depends on how risk adverse you are and how much pain you are willing to endure... personally I would go with sitting it out..

 Ideally you would wait for a clearer signal, but then if you are going to "short" as you suggest... then you are better off doing so now, catch the less risker $467 down to $435/20 and then rebuy or re-evaluate (personally I would keep my coins though!) But back to your scenario if you sold your 100 coins now and rebought at $400 you would make 16.5 coins approx..  so I guess the answer is how much pain in BTC are you willing to risk if it swings against you? then if you have a figure you can decide if the x amount risk is worth the 16.5 coins you will gain if you trade.  

If you sold now ($467) with a view to buy back in at $400 , and it drops but we bounce $415- $435 .. when would you buy back in ?  $450?  or $500?   if it swings against you now to $505 say then you will shave 8 ish coins off your stash... or at $525 you would shave 12 coins approx... so there is the trade. How much do you wan the extra 16.5 coins vs how much do you not want to shave 8-12 coins... of course you could get back in before $505 but then it could just snap round on you...

  I think it may be a good moment to buy some fresh coins though, if you still believe in the long term prospects and you have fiat to hand.

 Personally I will take note if we go past 435 on stamp, and will look to buy some $380-$420, whilst keeping some powder dry for other possible scenarios.

 Needless to say , staying well away from leverage too, and for me away from shorting in any way with the market waking up like it is.. not worth the dent in your BTC holdings in my view... sure you may look back in hindsight and paint a perfect trade that you missed, but your 100BTC will be with you still... the swing is tradable for sure, but with a risk, the market is starting to chop, and stops hunted...  at somepoint this is going to turn, so it depends on how confident you are the moment is not now....  You could have a few days of swings, in the range you suggest, even a week... or more but you just do not know...



I wonder what GABI will bring in 12 days...

if we can "reset" the price back to $100 there will be more honesty in the community! jmo 

Yea, there exchange runs well and fairly... even with the crashes they don't seem to manipulate the market or play God so that I really appreciate.

But, as far as their long-term stability... who really knows.

I don't think he was saying alts are great... I think he was saying that in the last few legs down the alt coin markets were riled first and then about a half hour later BTC started a leg down.

This is the second time they've provided lowest prices during a bitcoin low point. It is awfully tempting to make use of their services. I just don't like the bank wire transfer to someone I don't know idea. I've read around the internet and some seem to think they are shady. I'll look into doing it but probably not going to do any sort of volume through them if I do.

Your words would make a little sense if bitcoin didn't have the infrastructure that it has. The alt coins are nothing but trying to get rich schemes on the tail of bitcoin. I have predicted the fall of most alt coins for a long time because there is very little support outside the alt coin world. How many times have you seen litecoin or another coin mentioned on the news? I never have.. So, while  bitcoin could really take a hit, it will survive..

Go over to the primedice thread by stunna. they go by your status, like the lower members cant join, but senior members get .00010btc per post up to 400 posts and and hero status gets .00012btc for a maximum of .48btc  I might have been off by a decimal on the guesses, but hero status max is .48btc and the next level down max is .40btc.. its the best deal around, i think..

Yes, do tell. Maybe that's how I'll make my money back. =D

HALF COIN A MONTH!?!
What are the requirements?

Lol, thought someone would bring that up.. why not? I post here anyways so why not get an extra half a coin a month? I think its smart..