The bigger the wall the harder they fall!
Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.
I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.
Yeah, I'm bitter, so what?
Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.
I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.
Yeah, I'm bitter, so what?
Only works for short term. Long term depends on overall demand and supply.
Oh I know it's short term, but 6 months in bitcoin seems like an eternity! Or is it just me?
aminorex said that the sell walls now are like a dam. I agree. The pressure is rising but ammunition is limited. When the dam breaks, expect all hell to break loose.
Don't know when exactly, but it is coming. Why do I say that? We hear only good news now but the price is not bulging. When no more coin to spare, expect the demand to overwhelm available coins.
To be fair, the selloff from Dec - May is justified. 1. Price rose too high, too fast. 2. Bad news keep pouring on. May is the reversal turning point. But only time will tell.
