And so it goes. 500 wall just pulled out--about 2K at once.
And now will begin the ever accelerating slide back down to 635ish.
Whats odd is that the wall got eaten so quick, as if Mr Whale Bear was sitting as his computer waiting.
Haxx?
Or just people who bought on the plunge yesterday were ready for a quick 10% profit in 24 hours...The bid wall was only 500K USD @665.
Also, I do not think the entire thing was sold into. Only about 2/3rds, then I think it got pulled.
I have a feeling we're gonna go up again, breaching 700.
I am surprised that the line is holding steady at 657-665, which I take to be pretty bullish.
It is clear that the best trading guidelines for BTC are buy<666.6<sell.
This is the BTC lagrange point.
Another quick poll: is there anyone here at all who does not believe that, by 2027, 1 BTC will buy all the wealth in the world?
That does not even make sense.
I think we either break 700 off of this current holding pattern, or down to the middish 500's. I can not say into August ;p
Isn't it a bit late for selling coins in order to buy Alibaba stock? Exchanges typically do not let you transfer fiat to 3rd party accounts. So I assume you have to transfer to your bank first, then to a stock broker. IPO was Thursday and retail sale is beginning this Friday, so the funds will probably not arrive on time to get in early?
Of course it is stupid story, although it sounds kind of possible on the first sight. Also IPO is not for chinese small people (maybe through some fund).
Are you stupid? Initial Public Offering means anyone w a brokerage account can buy
Its a US IPO. I think it is fair to say that most middle-class Chinese folk will not be buying it on the US exchange tomorrow.
Please suggest people buy them on leverage Adam. The interest rate is already plummeting on Bitfinex. You are my only hope.
This is awful.
I feel sick.
Ah, sounds like it's time to buy more.
I'm a deluded HODLER but forget it I'm not buying any more.
No way.
Buy a few coins at least, that will really help the cost average.
I've felt what you felt, back in the second crash and I was over exposed at the time. Just buy some more, then wait even though you are underwater. Don't sell unless there is at least a rally to sell into.
The Story of the Kamikaze Bull
He buys 2k Bitcoins thinking that he would create a panic buying. No movement.
So he buys an additional chunk of 2k thinking "I got this...", but then the coin is getting dumped to abyss.
He goes "But wtf, i sacrificed so much" then he proceeds to spend whatever he got left in the bank and purchase another 1.8-2k coins.
If the market doesn't react positive to his obvious pathetic pump, then the retard will lose a lot of money.
Well, China seems to be responding.