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Topic: Who is dumping BTC? (Read 4122 times)

legendary
Activity: 1568
Merit: 1001
January 21, 2015, 01:21:55 AM
#54
Greedy BTC buyers are dumping, because they want to buy more coins back with lower price.
I'm not seeing it unless you just posted a message you meant to send out a week ago. Now, I'm not saying the complete opposite is true but there certainly isn't a dump going on. The price is on the sturdy end of the last handful of days.
hero member
Activity: 658
Merit: 500
January 21, 2015, 12:40:58 AM
#53
Greedy BTC buyers are dumping, because they want to buy more coins back with lower price.
newbie
Activity: 56
Merit: 0
January 20, 2015, 09:44:42 PM
#52
It's just pure bottom-finding going on at the moment, and especially over the last two weeks. It's not a single entity dumping coins in my opinion. Sure, mining operations have to liquidate BTC constantly, but this has to be factored in at some point.

The problem is that the downtrend has been on for months now...
And the bottom doesn't seem to be in sight!

Are people still fishing for bottoms by catching knifes  Roll Eyes

People, the hype is over. You don't need to panicbuy all the time. And catching knifes is a bad idea too.
hero member
Activity: 675
Merit: 500
January 20, 2015, 07:46:22 PM
#51
It's just pure bottom-finding going on at the moment, and especially over the last two weeks. It's not a single entity dumping coins in my opinion. Sure, mining operations have to liquidate BTC constantly, but this has to be factored in at some point.

The problem is that the downtrend has been on for months now...
And the bottom doesn't seem to be in sight!
hero member
Activity: 518
Merit: 500
Trust me!
January 20, 2015, 07:34:25 PM
#50
Maybe it is time for a bitcoin 2.0 to arrive Smiley
Patience, Bitcoin 1.0 isn't here yet.

Sooo true.. lol
Smiley
It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism Wink

On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters.
Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again.
What's funny is all this talk about sidechains being the second coming of Jesus H Christ when we still haven't even got out of Bitcoin beta, how ridiculous? people will need to learn basic BTC before sidechaining biz.

Well, who knows... Maybe sidechains are going to be exactly what Bitcoin needs to come out of the Beta and unfold its real potential. You're saying it yourself: Bitcoin is still in its development. Now is the time to introduce those new potentially crucial features!
legendary
Activity: 1204
Merit: 1028
January 20, 2015, 07:30:07 PM
#49
Maybe it is time for a bitcoin 2.0 to arrive Smiley
Patience, Bitcoin 1.0 isn't here yet.

Sooo true.. lol
Smiley
It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism Wink

On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters.
Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again.
What's funny is all this talk about sidechains being the second coming of Jesus H Christ when we still haven't even got out of Bitcoin beta, how ridiculous? people will need to learn basic BTC before sidechaining biz.
hero member
Activity: 518
Merit: 500
Trust me!
January 20, 2015, 06:59:15 PM
#48
It's just pure bottom-finding going on at the moment, and especially over the last two weeks. It's not a single entity dumping coins in my opinion. Sure, mining operations have to liquidate BTC constantly, but this has to be factored in at some point.
sr. member
Activity: 314
Merit: 250
January 20, 2015, 06:57:11 PM
#47
Tim Draper

(lol this is the speculation section correct?) Roll Eyes

May I ask who Tim Draper is? Reminds me of Don Draper from Mad Men.

Someone with more money to throw around than you have.

http://en.wikipedia.org/wiki/Timothy_C._Draper
sr. member
Activity: 336
Merit: 250
January 20, 2015, 06:51:51 PM
#46
Tim Draper

(lol this is the speculation section correct?) Roll Eyes

May I ask who Tim Draper is? Reminds me of Don Draper from Mad Men.

Someone with more money to throw around than you have.
full member
Activity: 224
Merit: 100
January 20, 2015, 02:52:30 PM
#45
Calm before the storm??
sr. member
Activity: 518
Merit: 250
January 20, 2015, 01:37:20 PM
#44
still dumping or is this a new price range for long.. Huh Cheesy
newbie
Activity: 8
Merit: 0
January 15, 2015, 10:06:30 PM
#43
...
We are in the 1.0 phase no? 2.0 doesn't have to mean a new crypto. 2.0 could be a new path for bitcoin. Instead of the Mt.gox's and market hysteria of 1.0 we will have the hardware integration, widespread adoption and etfs of 2.0. Just my opinion.

That's what its being touted as, funny in an inside joke kind of way is all Smiley Imho its not really accurate though, all that stuff will be innovations that use Bitcoin while Bitcoin its self will change little and put focus on being a solid foundation to build upon, security, capacity, that kind of thing. The alts will be where the 2.0 stuff gets integrated into the core functionality of cryptos first and those features will only make their way into Bitcoin when they're tried and proven.
Even the concept of "2.0" has a bit of humour in it as that's more the way things work with propitiatory software, open source tends to have forks and diversions that are in use beforehand with major versions wrapping them up and making things tidy.

I agree with this. Bitcoin's foundation will continue to be built upon and alts will serve as more of a testing ground for future bitcoin tech. Everyone does get caught in the idea of 2.0 like it will be another bitcoin but I feel as I think you do, 2.0 is bitcoin with a legitimate ecosystem, significant testing, and very user friendly for the masses.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
January 15, 2015, 08:05:03 PM
#42
Who is dumping BTC? It sparked a very big panic.

Everyone. Especially people who short on margin, people who firmly believe in TA (-> self-fulfilling prophecies, right there!) and many people who panic, panic, panic. But I don't think they'll account for that much, they mostly just get "slaughtered" in the process of the crash...
newbie
Activity: 31
Merit: 0
January 15, 2015, 07:05:18 PM
#41
long term holders and or people deciding to cash out and watch for a sec
long term holders  Grin Grin Grin had a good laugh ;]] just about time u know...  Cheesy
i dont know myself since the news are quite good, more adoption etc, and all of the sudden such a drop... doesnt seem legit drop  Wink
i bought more, and gonna buy even more if price drops further cause to my understanding there is no reason for it, just some big dumps Tongue Smiley


I really hope the early adopters got out before 200 each haha.
newbie
Activity: 8
Merit: 0
January 15, 2015, 06:51:39 PM
#40
Maybe it is time for a bitcoin 2.0 to arrive Smiley
Patience, Bitcoin 1.0 isn't here yet.

Sooo true.. lol
Smiley
It does get kind of irritating all this talk of Bitcoin 2.0 when anyone that's been watching it a while is eager with anticipation for the great 1.0, the only good thing is its a bit like jurnos writing about "Bit Coin" with an air of professionalism Wink

On-topic, there's a lot of views on who's doing the dumping and they all hint at a blind spot in human nature, looking for a single answer when usually there's a multitude of them. If there was a single cause then here is probably the least likely place to find it, this place is full of agenda driven posters and anyone with the kind of funds move markets that much will also have plenty spare to pay astroturfers to muddy the waters.
Bitstamp's probably the most likely as its the most recent news but after seeing the silkroad "crash" that started before news was even released its obvious headlines are sometimes more an excuse than a reason. Who knows, maybe China banned Bitcoin yet again.

We are in the 1.0 phase no? 2.0 doesn't have to mean a new crypto. 2.0 could be a new path for bitcoin. Instead of the Mt.gox's and market hysteria of 1.0 we will have the hardware integration, widespread adoption and etfs of 2.0. Just my opinion.
sr. member
Activity: 256
Merit: 250
January 15, 2015, 05:46:09 PM
#39
Maybe it is time for a bitcoin 2.0 to arrive Smiley
Patience, Bitcoin 1.0 isn't here yet.

Sooo true.. lol
sr. member
Activity: 518
Merit: 250
January 15, 2015, 05:46:08 PM
#38
long term holders and or people deciding to cash out and watch for a sec
long term holders  Grin Grin Grin had a good laugh ;]] just about time u know...  Cheesy
i dont know myself since the news are quite good, more adoption etc, and all of the sudden such a drop... doesnt seem legit drop  Wink
i bought more, and gonna buy even more if price drops further cause to my understanding there is no reason for it, just some big dumps Tongue Smiley
hero member
Activity: 767
Merit: 532
January 15, 2015, 05:45:08 PM
#37
Benji selling, Willy buying

Obv
sr. member
Activity: 364
Merit: 250
January 15, 2015, 05:22:48 PM
#36
Might have been Butterfly Labs... anyone seen the article speculating they caused the crash and still have ~90,000 BTC to go?
newbie
Activity: 56
Merit: 0
January 15, 2015, 05:14:54 PM
#35
Tim Draper

(lol this is the speculation section correct?) Roll Eyes

Not Tim Draper. He invested most of his coins into several bitcoin startups and VCs.

And it is not in his interest to dump it this low.

I believe it is one EVIL exchange that uses dump and pump to get rich quick.
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