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Topic: who is dumping 2.5k bitcoins now? - page 4. (Read 5871 times)

legendary
Activity: 3808
Merit: 1219
May 24, 2014, 01:29:17 AM
#5
Hmm... in the BTC-E exchange, there were several bulk buy deals, each worth close to BTC1,000 over the past 48 hours or so. So some people are buying and others are dumping.... everything is neutralized in the end.  Grin
legendary
Activity: 1988
Merit: 1007
May 24, 2014, 12:09:17 AM
#4
Traders who are satisfied with getting more than 15% profit in a week?
That's an awesome short-term trade, really, we can't blame them.

I think people blow this out of proportion anyways. There are 150 coins created per hour. That's over 3k a day. This means that less than A SINGLE DAY's worth of BTC was dumped. Thats nothing. People need to quit trying to make more of things than they are.
legendary
Activity: 896
Merit: 1000
May 24, 2014, 12:06:14 AM
#3
To me that dump appeared 100% manipulative. Huobi was still pushing up and had no sign of reversing (wave pattern on Huobi)

Bitstamp was also moving up, slowly, towards the $550 wall.

If they wanted to make use of the momentum they would place a wall ~$540. Instead they market sold it all. Makes no sense at all. They probably bought back lower after the sheep panicked.
sr. member
Activity: 462
Merit: 253
May 23, 2014, 11:59:34 PM
#2
Traders who are satisfied with getting more than 15% profit in a week?
That's an awesome short-term trade, really, we can't blame them.
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