there's so much manipulation in this market. i gotta stop letting the whales get in my head. i mean -- is this guy accumulating on huobi? or is trying to get us to think he's accumulating?
This I don't understand. So, a guy sets a floor which causes the price to be higher than it would otherwise be to buy into... moreover, the multitude of volume is sells/asks not bids/buys in front of that wall... and yet people keep saying this guy is accumulating. This just makes no sense to me whatsoever. First, why would he make his price of entry higher. Second, how is he accumulating if most of the volume is asks in front of that wall (I guess every deal has two sides, but it looks like somebody is dumping in front of an artificial wall until, every now and then, somebody sacks up and calls bull----).
So, pardon me for using logic, but what the hell is everybody else seeing that I'm not. Is somebody tracking which wallet the coins are all going to or something that lets them know somebody is accumulating. Because, frankly, I don't see accumulating (or much interest in buying at this price notwithstanding there being an artificial floor to boost prices). Did I somehow land in bizarro-land. I am almost starting to question my sanity because what I am seeing is so literally the opposite of what poster after poster is writing.
He has already added more coins to the wall at least TWICE after it was eaten down to a few hundred coins. He is definitely buying. I guessed yesterday that he has already bought at least 4k btc without a price increase. It is probably higher. He is getting a great price, has no slippage, and isn't chasing the market. I say well done.
It is sad to watch small owners selling their coins cheap to a fiat whale, but that is their decision.
