All posts made by Yololintian in Bitcointalk.org's Wall Observer thread
1.
Post 4483181 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_11.55h):
Does anyone know why Huobi has dropped far more in the past several hours compared to the other exchanges? It's gone from something like $850 to $800 whereas the bitstamp/btc-e have dropped from about $840 to $815. It seems this wouldn't have too much to do with the bad news yesterday about Huobi's deposit options since that seemed affect all the exchanges about the same for a few hours after it was announced, but maybe I'm wrong about that.
2.
Post 5052740 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.05h):
any idea whats going on with bitfinex?
3.
Post 5053675 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.05h):
Anyone know when bitfinex will start working again?
4.
Post 5087262 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.06h):
Hey i just woke up and theres 20 new pages in this thread, can someone update me on the news/ is there a news-related reason why the exchanges are dropping or was yesterday just a bull-trap
5.
Post 5091243 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.07h):
When will we get the next report about withdrawal status from mtgox?
6.
Post 5130735 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.08h):
All exchanges seem to be getting ddosed
or maybe just bitcoinwisdom
7.
Post 5131945 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.08h):
can anyone suggest a good bitcoin price ticker site, something i can use while bitcoinwisdom is offline?
8.
Post 5139042 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.09h):
Can people currently withdraw btc from btc-e or are we waiting for them to fix that issue like stamp seems to have?
9.
Post 5139115 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.09h):
The one thing i'm contemplating is IF Gox resume btc withdrawals , how much will go directly towards stamp to dump for an instant 80-100% profit.
Arbitrage the other way, who would have thought..
So then we'd see the Stamp price dive quite suddenly I presume. Gox and Stamp would shortly be meeting halfway?
No I think if mtgox resumes btc withdrawals, the price will go up over 100% as people cash out of there for good. The only reason the price is so low there is because most people don't trust that mtgox actually has nearly as much btc as they are supposed to.
10.
Post 5154194 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.09h):
no gox btc sells of 10 or more for 40 minutes
11.
Post 5155190 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.09h):
Willie is back dumping 100s of coins every few minutes on gox. I have a theory that this whole crash is being caused by one early adopter that put way too much faith in gox, leaving thousands of coins in there, and he fears they don't actually have his coins now so he's selling to be able to get something back when they default.
12.
Post 5159715 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.10h):
At first i was thinking that Billy/Willy(whatever) is sellin into his own bids to create a negative bearish sentiment, but actually the bid depth on Gox is really goin down.
It was 6000BTC to 300$ a few hours ago now there are only 1800BTC left. Either Gox goes down and price plunges to 0$(
. Or more likely it will shoot up to 5-600 within minutes.
There is also a huge possibility that they announce that they have been hacked, coins are stolen, and they have to shut down trading exchange for a while(2 weeks
).
Anyways it´s gonna be fun.
Update: Actually, there is a black hole between 310$ and 255$ lololololololol
Check another source for the actual bid depth, bitcoinwisdom has been wrong for many hours. Bitcoinity says 5.8k to 300.
13.
Post 5173653 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.10h):
I'm betting that mtgox says they need more time before they can start withdrawals on monday, causing another dip to the 500s everywhere else.
14.
Post 5175900 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.10h):
There it is. sub 266 on gox
15.
Post 5178416 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
i hate him so much, straight up 3,000 euros of loss on his fucking site if i sold right now compaerd to 1.5 weeks ago.
This guy needs to go to fucking hell, i'll lose 1000$ total out of pocket but if it means he is gone for good, fuck him, seriously so fucking upset with his bullshit right now.
I feel your pain. And you are not the only one.
One thing is certain, we hit that fucking low. And thats that.
From now on, it must go up, big time. Get that fucking statement out, and better make it a good statement.
That's not certain at all. Billy/Willie is just waiting for some bid support before he starts up again.
16.
Post 5179134 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
What if most people on gox have already gone full btc thinking that the low would be 500, 400, 300, 200...? Billy may have dispersed so many coins into the market that btc is going to go lower from here no matter what. If most people are already full btc, with little fiat left, then the price won't go up as much on gox as I expected given that mtgox enables withdrawals again. Instead, arbitrage to other exchanges will be a major factor in leveling the price over the other exchanges because of the major increase in supply caused by Billy. At first I thought that gox enabling withdrawals would cause the price to go from where it is now to 700-900 or even more, and I expected that the other exchanges would follow the price, that there might be some arbitrage to lower the price on other exchanges but after the period of volatility a net increase. Now I think the price is going down no matter whether mtgox enables withdrawals, or says they need more time, or actually goes bankrupt.
17.
Post 5193001 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
Mtgox fix delayed until Saturday
Proof??
18.
Post 5193673 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
There's some buying mostly on gox but a little on the other exchanges in anticipation of good news. I'm not convinced though, earlier there was selling for the opposite reason.
19.
Post 5194038 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
I would only predict red on the Stamp / BTCe charts - Once BTC withdrawals are re-enabled on Gox, price rockets up over there (and of course, inexplicably, also on the other exchanges which will blindly follow); then we have about half an hour (3-4 confirmations) until Goxed people start dumping the coins all over the other exchanges.
LE - I'm all fiat at the moment. Wouldn't want to be caught in the middle of the dump, just because the price "might" rise ... how much do you think it could rise short term, anyway
Look, people are not going to dump on Stamp. Why? Let's discuss.
A. Some people are going to stay loyal to Gox. Yes, believe it or not, some people will continue to trade there.
B. Many Gox users do not have accounts at Stamp. Some of them don't have accounts because they didn't want to have to give up personal information. Others, for other reasons, too many to list here. So people will have to be verified before they can get money out of Stamp.
C. Some people will just put their coins back into cold storage. Lesson learned. Don't trade.
D. Some people will put coins into Stamp and Btc-e to trade them.
I believe Gox had the highest % (relative to the other exchanges) of old coins and users. These are loyalists - either to the bitcoin technology or to bitcoin trading (on Gox for the best volatility) and, thus, less likely to cash out and go 100% fiat back to their "normal" pre-bitcoin lives.
People bought thousands of $200 coins and you don't think they are gonna turn around and immediately sell them for at least 250% profit? Maybe a few won't but I sure as hell would. And I think it will put us into a medium term bear market.
20.
Post 5195953 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
Judging from the responses to the news, a lot of people were short. I was too. Now I'm long (for the short term). This really can't be seen as bad news; they are saying withdrawals will be enabled on Thursday, and most of the speculation was about them not having the amount of coins that they should. I'm just worried now about the dispersion of btc from the Mega-Whale that has been dumping 1000+ per hour for a few days on gox.
21.
Post 5196107 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.11h):
Judging from the responses to the news, a lot of people were short. I was too. Now I'm long (for the short term). This really can't be seen as bad news; they are saying withdrawals will be enabled on Thursday, and most of the speculation was about them not having the amount of coins that they should. I'm just worried now about the dispersion of btc from the Mega-Whale that has been dumping 1000+ per hour for a few days on gox.
Wrong. They didn't say withdrawals will be enabled on Thursday. They said there will be an UPDATE on thursday.
Yes but this time they sound very sure of themselves that they have the solution. The whole tone of this update is reassuring, last time it was fear-inducing.
22.
Post 5197445 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.12h):
We'll see 700 in a few hours, then its time to short
23.
Post 5217276 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.12h):
What does everyone think is the cause for the massive continuous dump of btc on gox? I think it is just someone or a few ppl with tens of thousands of coins selling them for whatever reason, but I hear that some people think its manipulation and an entity is selling to itself to drive the price down. I see no way the latter case can actually be effective other than losing a major percentage of that entity's total goxbux/goxcoins. Sure, driving the price down will cause some panic selling (which in this scenario the manipulator tries to pick these panic-sold coins up), especially in the first stages of the detachment of gox prices to everywhere else, but when the price keeps going down and down on gox but not anywhere else, far less people are going to be selling their goxcoins in panic. The mega whale seller also cut down significant support all through 600s to 200s, and it will not be possible for it to buy back even 30% of those coins for the same price, judging by the orderbook ask depth. On the other hand, it seems as if most of the current supply of goxbux is dwindling under the great supply of btc the megawhale is dumping onto gox. To me this doesn't seem like manipulation but a huge increase in supply of btc if gox ever enables withdrawals, which through arbitrage will bring the prices much lower on other exchanges.
Also, does anyone have any other plausible justifications of the constant selling from the mega-whale?
24.
Post 5217679 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.12h):
What does everyone think is the cause for the massive continuous dump of btc on gox? I think it is just someone or a few ppl with tens of thousands of coins selling them for whatever reason, but I hear that some people think its manipulation and an entity is selling to itself to drive the price down. I see no way the latter case can actually be effective other than losing a major percentage of that entity's total goxbux/goxcoins. Sure, driving the price down will cause some panic selling (which in this scenario the manipulator tries to pick these panic-sold coins up), especially in the first stages of the detachment of gox prices to everywhere else, but when the price keeps going down and down on gox but not anywhere else, far less people are going to be selling their goxcoins in panic. The mega whale seller also cut down significant support all through 600s to 200s, and it will not be possible for it to buy back even 30% of those coins for the same price, judging by the orderbook ask depth. On the other hand, it seems as if most of the current supply of goxbux is dwindling under the great supply of btc the megawhale is dumping onto gox. To me this doesn't seem like manipulation but a huge increase in supply of btc if gox ever enables withdrawals, which through arbitrage will bring the prices much lower on other exchanges.
Also, does anyone have any other plausible justifications of the constant selling from the mega-whale?
Interesting question. The around 300$ GOX price is maintained not to jump all over the place. Walls and volume is to low to give any natural price stability. What are they waiting for? Gox on it's own could try to lure fiat holders in to reduce the $$ they owe (claims in Bitcoins might be easier to dismiss in court?), or as said elsewhere, make some suckers deposit some cash?.
But that still doesn't explain why the other exchanges are calm too. I think that their is a "gentlemen’s agreement" between exchanges not to take advantage on GOX, maybe for personal reasons, but also for Bitcoins image! If the price crashes because of the malability hack, It will look as Bitcoin itself has been compromised and people distrust the currency itself and not just an exchange.
It looks rigged sure. But calm is good right now from a PR perspective.
I don't think there is any "gentlemen's agreement" in a market made up by a significant amount of speculators. Many people don't care that much about bitcoin's image and are here to make money; if they think the price is going to go down, they will sell or short without concern for Bitcoin's public image. I think its rather because they just don't believe what they are seeing, and are very suspicious and cautious of the situation at mtgox.
25.
Post 5250643 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.13h):
Thank goodness he and his irrelevant and annoyingly long posts are gone.
I did not say that.
Well, that's good to hear.
However, Windy, I truly believe kindness, trust and patience are the only way to change someone's behaviour, even their attitudes or beliefs.
But all you seem to do here is spread hate and ill-feeling -- it's very sad that a (supposedly) 40 year old (supposed) millionaire feels compelled to act like that towards strangers whose only 'sin' is to disagree with you.
Look there are intelligent posters, there are trolls and then there is Jorge, who is obsessive compulsive about when Chinese people sleep and just pontificates on this point for thousands of words a day. He hasn't added Ny value to the forum. He just uses this forum for his own amusement and is yet another clog in the forum wheel that is slowly driving people away. Just go read Ristos thread. So many feel the way I do. The joy here is gone.
Jorge,
Please ignore the trolls/idiots and keep posting your opinions/predictions about bitcoin. I for one appreciate the different perspective you have as compared to most people on this forum. Ignore the trolls and keep giving us insight we would not otherwise be exposed to. Anyone that thinks bitcoin has serious flaws will be derailed on a forum like this, but the keenest people will consider the criticism and accordingly be a little bit more cautious.
26.
Post 5251160 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.13h):
Thank goodness he and his irrelevant and annoyingly long posts are gone.
I did not say that.
Well, that's good to hear.
However, Windy, I truly believe kindness, trust and patience are the only way to change someone's behaviour, even their attitudes or beliefs.
But all you seem to do here is spread hate and ill-feeling -- it's very sad that a (supposedly) 40 year old (supposed) millionaire feels compelled to act like that towards strangers whose only 'sin' is to disagree with you.
Look there are intelligent posters, there are trolls and then there is Jorge, who is obsessive compulsive about when Chinese people sleep and just pontificates on this point for thousands of words a day. He hasn't added Ny value to the forum. He just uses this forum for his own amusement and is yet another clog in the forum wheel that is slowly driving people away. Just go read Ristos thread. So many feel the way I do. The joy here is gone.
Jorge,
Please ignore the trolls/idiots and keep posting your opinions/predictions about bitcoin. I for one appreciate the different perspective you have as compared to most people on this forum. Ignore the trolls and keep giving us insight we would not otherwise be exposed to. Anyone that thinks bitcoin has serious flaws will be derailed on a forum like this, but the keenest people will consider the criticism and accordingly be a little bit more cautious.
Yes, I am troll because I actually believe in the viability of the bitcoin technology. And because I don't consider Jorgi's continual price estimations any sort of real TA. They just seem to state the obvious. Here's the current price and we will probably stay within $20 north or south of that. And here are more stats about when Chinese people sleep.
I came to this forum for real substance and real charts and real TA and real speculation. We used to have a lot of that around here. So that makes me a troll now. Since I don't think bitcoin has "serious flaws" and even though I recognize that there are no guarantees on its adoption and growth I am still a troll. By today's forum standards.
Your comment is ridiculous. If you feel that there is NOT very much valuable information here, then why DONT you help in that direction of providing valuable information and encouraging others to provide valuable information... rather than doing the opposite?
Observing that something is of no value does not compel you to create something of value yourself.
Speaking of ridiculous comments... If I said "diamonds are enormously overvalued because of a global cartel" would you say "go mine some gold then, you piece of shit"?
... surely they are going to stall one more week, no?
Probably. That's totally different from insolvency, though.
I wish I was a fly on the wall in that office right now.
I will just disagree with anyone's opinion that Jorge's analysis and opinions are of no value. Really Windjc just attacks him instead of revealing why that analysis doesn't have any value and that is pretty much a type of trolling in my opinion. I like making short term predictions and at least pay attention to anyone trying to make predictions in here because I might learn of new methods for making solid predictions in for the future, which is always valuable when trading.
27.
Post 5257302 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.14h):
Let see the logic:
-if Mtgox announces "no withdrawals yet", price on bitstamp goes down.
-if Mtgox announces "withdrawals now", price on bitstamp goes down.
Why the fck doesn't the price on bitstamp fall right now?
If MtGox announces "All your coin are belong to us you have no chance to withdraw make your time ha ha ha ha ha", price on bitstamp goes up, as goxheads scramble to replace their lost coins.
Psyche
28.
Post 5277766 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
bitcoinbuilder could still be trading goxcoins, 1goxcoin = 1.2 BTC, like the old times
When and if they restore withdrawals it should trade 1:1, yes?
Haha, you think people will be that willing to put money into mtgox?
29.
Post 5278773 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
Ain't looking good at all, the failed transaction started early NOVEMBER, i had got 2 withdrawals stuck back then.
So that's 3 months of exploiting the Gox Automatic Giving Machine.
This means that there are less coins available than we thought, price should go up.
To the contrary, it means hundreds of thousands of coins have been stolen, which may be sold at any time on other exchanges and greatly increasing the supply and thus decreasing the price.
30.
Post 5278862 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
Ain't looking good at all, the failed transaction started early NOVEMBER, i had got 2 withdrawals stuck back then.
So that's 3 months of exploiting the Gox Automatic Giving Machine.
This means that there are less coins available than we thought, price should go up.
To the contrary, it means hundreds of thousands of coins have been stolen, which may be sold at any time on other exchanges and greatly increasing the supply and thus decreasing the price.
Probably already sold.
I doubt it but its possible.
31.
Post 5279009 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
Would it not be possible to track the stolen coins and find out what exchange and account was used to sell them?
Maybe if they have already been sold. But there's no reason to think they have been. If a small portion of those coins were sold it would lower the prices on most exchanges significantly. Sure the prices have dropped but thats mainly due to bad news and a poor outlook for bitcoin in the short/medium term.
32.
Post 5279566 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
I have a viable explanation for what is going on on Gox charts, some dude early adopter sold shitload of coin at 1200 and programmed the bot in Amazon cloud to trigger when the price goes under 300$ without deadman switch and than died.
The bot is selling, not buying. It's also been on way before gox went below 300.
33.
Post 5279662 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
I have a viable explanation for what is going on on Gox charts, some dude early adopter sold shitload of coin at 1200 and programmed the bot in Amazon cloud to trigger when the price goes under 300$ without deadman switch and than died.
The bot is selling, not buying. It's also been on way before gox went below 300.
Well no living soul is trading there so...
Many people are trading on gox, some are even depositing money to buy btc and trade them on bitcoin builder.
34.
Post 5288775 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.15h):
Is there a way to short goxcoins? or btc in general besides bitfinex? but most importantly goxcoins...
35.
Post 5315536 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.16h):
Anyone who doesn't realize some of their 300-700% profit made in one week is nuts imo.
36.
Post 5316032 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.16h):
You all seem to forget that its very likely 90% of the coins were sold by one person.
37.
Post 5325607 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
What are the changes we'll get that gox update on monday?
38.
Post 5325652 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
What are the changes we'll get that gox update on monday?
Well its Monday morning in Japan already, don't you think if the had good news, it would be released first thing in the morning?
No I don't and I don't care if its bad news or good really. They always wait till the end of the day, around 7-7:30 p.m
Japan time.
39.
Post 5328138 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
some funny stuff has been happening on bitfinex and stamp. Could it be arbitrage from gox insiders?
40.
Post 5328659 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
Some ppl were laughing at the idea that those $200 goxcoins would be flipped for 200% profit
41.
Post 5328839 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
Someone is dumping hundreds of coins on gox as this is happening, makes no sense
42.
Post 5336766 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.
However other traders had blocked the way with smaller offers at slightly lower prices. So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working". When he saw that people had started to buy into his offer, he left it there and went to bed.
Does this make sense?
I don't think the round number suggests anything, but I do think its far more likely this is a result of a gox insider buying thousands of coins on gox and arbing them on stamp.
43.
Post 5336872 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.
However other traders had blocked the way with smaller offers at slightly lower prices. So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working". When he saw that people had started to buy into his offer, he left it there and went to bed.
Does this make sense?
Yes, which is why I don't think it is either Mark/Gox (clearly not rapacious enough) or a master manipulator (I reckon if Fonzie had 10K of coins he could crash the market...given the conditions esp). So, its just someone retiring, starting a new life etc.
Yes and they waited for the perfect time to exit the market.
44.
Post 5337057 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
wtf is going on on stamp
45.
Post 5337315 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.17h):
Could this really be bottom if we survive today?
Why would it be over today? This is the first wave of insider arbitrage from gox to elsewhere (probably almost all going to stamp though)
46.
Post 5342180 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.18h):
why is the price dropping right now? wheres the link or proof of mtgox saying they lost some btc?
47.
Post 5342649 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.18h):
Something is off about the Bitfinex order book. There's only like 4k btc on the ask side. To me it seems like someone that is a market maker with a ton of coins took all of their asks out.
Edit: 1 minute ago there was 4600 btc total on the ask side, now there is 3400
48.
Post 5343271 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.18h):
Something is off about the Bitfinex order book. There's only like 4k btc on the ask side. To me it seems like someone that is a market maker with a ton of coins took all of their asks out.
Edit: 1 minute ago there was 4600 btc total on the ask side, now there is 3400
Bitfinex Order books are liar order books.
If you have a leveraged position for example, you can create as many Stop Loss or Limit orders as you like, and they will all show up in the order book. This gives the wrong impression of great market depth and strength or weakness in a particular trend. BTC-E is just as bad for its magic vanishing walls.
Bitfinex is not to be paid much attention to. Biggest, most solid, most reliable exchange, Bitstamp, is where the market is at. Had the 10K whale chose either Bitfinex or BTC-e to offload his bTC, then the price there would have hit sub $100 for sure. Bitstamp absorbed it at $514.
I think they fixed the thing where you could make huge walls without actually having enough money on Bitfinex.
49.
Post 5344736 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.18h):
Anyone else having problems with BTC-e deposits? I have 3 deposits of 65 BTC combines with 12 and 13 confirmations and still not credited to my account.
Hence the lack of arbitrage taking between exchanges and the reason I never fancied partaking. BTC-e is a pain in the ass and I don't trust them.
I smell a possible bear trap. Wait and see.
U could be right. I am right now 55/45 on whether to close my latest short whilst it is still even/slightly ahead. I don't see any clear indications that the market will favour either direction from the indicators I use on Bitcoinwisdom. Prevailing sentiment must surely be overall negative, but that wouldn't prevent a revisit to $579 resistance level, which as leveraged short trades go, would be painful for me to take.
I'm curious, did you start using Bitfinex again? I also closed my short at 552ish cause I usually wait to long, and I think people love to go on a rally no matter how bad it looks.
50.
Post 5357234 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.19h):
I went to sleep 30 pages ago. Is all that happened that mtgox stopped trading until further notice?
51.
Post 5370151 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.20h):
Everything I see makes me believe that Gox will never recover and that the funds are most likely lost.Seems pretty bad..
52.
Post 5373219 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.20h):
https://mobile.twitter.com/GoxReloadedMore fake shit
I think this is making people panic buy too, lol
53.
Post 5373682 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.20h):
So lets assume Gox is insolvent to some degree and eventually pays out cents on the dollar to everyone.
It is believed they have lots of fiat in their accounts.
I also assume that if they have a limited number of BTC, people holding BTC in their account will probably be paid mostly in dollars for those BTC (What rate will they use, the closing $175... or the average of all exchanges)
A lot of this fiat will then be transferred to other exchanges and used to buy coins.
This is going to be the mother of all rallys, as 10's or 100's of millions of dollars moves to the other exchanges looking for coins.
Lol people lose 50%+ of their highly speculative investment and the first thing they do is throw more money into it.
54.
Post 5386296 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.20h):
Serious question: Would anyone use "GOX" if it was bought by a reputable company and re branded allowing limited customer withdrawals but with a guarantee that finds are safe. Then if they implemented full transparancy of user funds??
I absolutely would not, and I will make sure anyone I know does not either.
55.
Post 5386802 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.20h):
"Well, d'uh, of course it was good news. The worst run exchange in the BTC ecoystem *finally* went down. That's what brought us to the new ATH of 6000."
I don't strongly agree or disagree with anything your saying except this. gox being gone is not going to lead us to $6000 per bitcoin, or really any rise in price, lol. Not one person invests in bitcoin because gox is gone. gox probably wouldn't stop anyone from investing in bitcoin until now. Maybe some people will celebrate by buying a little for the good occasion, but it is no reason to make the price go up.
56.
Post 5436578 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
Misleading Article. There is more volume on BTCChina because they lowered fees. The Chinese are not buying more bitcoin because of the gox problem.
57.
Post 5437732 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
stamps going crazy
58.
Post 5437852 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
Looks like willie is starting to dump on stamp. Or some very similar bot.
59.
Post 5438209 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
woah 3k sell wall now (BFX)
this is feeling like insider trading to me
60.
Post 5438253 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
woah 3k sell wall now (BFX)
this is feeling like insider trading to me
Well we've already heard the worst about gox, so what kind of event would this insider be trading on?
Could just be manipulation too, I'm not sure. I wouldn't put it past gox to make the situation worse tho.
61.
Post 5451642 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
If the market was rational, this would be extremely bearish.
the situation is extremely bearish
prepare for a long and slow way down (similar to 2011)
I remain bullish for the long term , but we will visit the low triple digits (maybe high double digits too)
before we Choo Choo again
currently I am @ 15% BTC 85% Fiat , and hodling even if we go down to zero
YOU are too extremely bearish to be taken seriously..... sorry about that.. but if we go down.. we are LIKELY not going to go down below $450... and we may not even go below $500... current bitstamp price is about $570-ish...
likely we will be going to the baby moon with the next week or two.. which is in the 750-850 range, and then within the next three to six months, we will be going to the $1500 ish arena...
After MtGox hack in July 2011, there was a "424242.424242" transaction to prove MtGox solvency. Can't lookup details who asked for that prove and how exactly it was proven.
Unless properly designed, this "proof" could be made by thief himself.
AH HA!!!!!! The thief himself could be reading this thread>>>>> gocha!!!...... The thief himself may be in our midst... .. .or the thief himself may be drinking pina colatas in the bahamas......
No, you are too bullish to be taken seriously. We will not be hitting 750-850 in 2 weeks.
62.
Post 5466314 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.22h):
Any speculation as to why LTC/BTC and LTC/USD are going down a bit? Litecoin seems to be an even bigger bear market atm.
63.
Post 5475217 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.23h):
Litecoin and ltc/btc continue to drop. Today they dropped a lot more than I would expect given that bitcoin didn't really move much. Do any experienced traders see this as a bearish sign for bitcoin? Is it possible that people are losing confidence in the market and therefore are selling alt-cryptos first before selling their bitcoin?
64.
Post 5475738 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.23h):
I don't like this, alts were just plummeting and some great opportunities were on sight. This sucker might stop that too early
Where do you trade alts?
65.
Post 5510694 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.24h):
Are you telling me that one of the biggest exchanges losing their customers money didn't cause a reversal from a downtrend that was caused by the loss of demand in China? How can this be? :O This is impossible!
Sounds like you missed the rally and hope to get another crack. GTFO. The correction to $530 was because of China. Gox took us down to $400. These things can overlap.
Yes, you are absolutely right. I'm angry because there won't be any volatility any longer in the crypto scene to make money at the expense of fools. So I just invented this so called "demand in China" and how it's loss caused a boring 2 month long dead cat bounce.
But I'll try to correct my ways and listen to the TA wizards here who have skillz of drawing linez.
China didn't have anything to do with the downtrend in February, and there is no reason to suppose demand in China is decreasing. The biggest issue with China recently was the uncertainty of what would happen on January 31st (which amounted to nothing); and all we did in January was fluctuate around $800 while worrying about the possibility of something on the 31st. February's downtrend was caused by uncertainty in mtgox and other exchanges, lies about the extent of transaction malleability, some finally mtgox's insolvency. Those issues have mostly been resolved at this point. I wouldn't wait for cheap (sub 600) coins anymore at this point. I think the downtrend is over, unless we get more seriously bad news, which is never unlikely in the bitcoin world.
66.
Post 5512353 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.24h):
China didn't have anything to do with the downtrend in February, and there is no reason to suppose demand in China is decreasing. The biggest issue with China recently was the uncertainty of what would happen on January 31st (which amounted to nothing); and all we did in January was fluctuate around $800 while worrying about the possibility of something on the 31st. February's downtrend was caused by uncertainty in mtgox and other exchanges, lies about the extent of transaction malleability, some finally mtgox's insolvency. Those issues have mostly been resolved at this point.
Then how comes the price remained stable throughout the Chinese New Year's holiday week (from ~Jan/29 to ~Feb/05), when volume was very low at the Chinese exchanges; and started to decrease, with increased volume. as soon as the holiday ended and banks opened?
The MtGOX withdrawal problems did not seem to have any effect on China, which is understandable since MtGOX is as relevant to Chinese investors as BTC0China is to western ones. On the other hand, the announcement on Feb/10 of a "bug in bitcoin" did shake all markets, including China.
I think its simply because the events that caused the downtrend began on feb 5th. The first event was the glitch on bitfinex that allowed people to trade with absurd leverage, which caused some FUD and caused a dip to 685 on bitfinex on feb 5th/6th. One or two days later, the exchanges were being ddosed and the malleability issue was brought to light. Of course, this caused higher volume and selling pressure - lower prices on all exchanges including the Chinese ones. Interestingly enough, China reacted less than the other exchanges in terms of magnitude of price decrease during most of these events. I think that suggests they weren't as concerned, and might have gotten the information slower in most cases.
67.
Post 5520292 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.24h):
It seems that those investors whose expected value is 1,000 USD or more are very few, and they have run out of money; otherwise they would keep buying BTCs until the price gets over their expectation.
Therefore, most of the "loaded" traders have expected values less than 700 USD right now. To get that value they must assign very small probability to "bitcoin will be eventually worth more than 700,000 dollars". Specifically, they think that the chances of that happening are less than 1 in 1000. (Even if they do not externalize that probability, it is implicit in their reluctance to pay more than 700$ for one bitcoin.).
Actually the fact that investors are only willing to pay $700 at the moment is NOT merely b/c they believe that there is a 1/1000 chance of bitcoin reaching 700,000. Instead, a large number of investors recognize the price of BTC as a moving target, and s/he would rather buy 7 BTC for $700 rather than 1BTC for $700. When the price fluctuates so much investors calculate when to get in or to get out based on predictions that are truly difficult to predict - except the whales and the bots have a higher ability to predict the short term and to profit by the short term.. even though bots and whales cannot be certain about long term outcomes.
Why do you think whales are good at predicting the short term? Or are you saying they can actually move the price themselves? In that case they aren't making a prediction but they will know exactly how much the price will change based on how much btc they buy/sell.
68.
Post 5520506 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.24h):
It seems that those investors whose expected value is 1,000 USD or more are very few, and they have run out of money; otherwise they would keep buying BTCs until the price gets over their expectation.
Therefore, most of the "loaded" traders have expected values less than 700 USD right now. To get that value they must assign very small probability to "bitcoin will be eventually worth more than 700,000 dollars". Specifically, they think that the chances of that happening are less than 1 in 1000. (Even if they do not externalize that probability, it is implicit in their reluctance to pay more than 700$ for one bitcoin.).
Actually the fact that investors are only willing to pay $700 at the moment is NOT merely b/c they believe that there is a 1/1000 chance of bitcoin reaching 700,000. Instead, a large number of investors recognize the price of BTC as a moving target, and s/he would rather buy 7 BTC for $700 rather than 1BTC for $700. When the price fluctuates so much investors calculate when to get in or to get out based on predictions that are truly difficult to predict - except the whales and the bots have a higher ability to predict the short term and to profit by the short term.. even though bots and whales cannot be certain about long term outcomes.
Why do you think whales are good at predicting the short term? Or are you saying they can actually move the price themselves? In that case they aren't making a prediction but they will know exactly how much the price will change based on how much btc they buy/sell.
I do NOT have a very sophisticated analysis about why or how it happens exactly; however, I am saying that within parameters, whales and bots are able to move the price enough in one direction or another in order to predict what is going to happen. When there is low volume, they do NOT need as many coins to manipulate, and when there is high volume they need a lot of coins. Surely, sometimes,even a whale will NOT be able to move the market b/c s/he cannot completely predict the behavior of other whales, and the sentiment of the masses may cause the price direction to move the opposite of the whales attempted manipulation. NONETHELESS, the point I was making is that it is my sense that there is quite a bit of manipulation going on, even though it is NOT easy to decipher for sure about what just happened, especially if manipulation is taking place in smaller increments (such as a series of 30 btc at a time or some other random amounts).
Maybe but I don't think its very significant. What is more pernicious is the insider trading that has definitely happened a few times recently.
69.
Post 5537349 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.24h):
Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.
70.
Post 5537495 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.24h):
Bitfinex allow poeple to post walls without the funds to back them, when poeple buy into them they crumble insently
do not pay any attention Bitfinex's order book.
59.99%That was a glitch they fixed last month.
Also, I was talking about how there are several walls iadding up to 10k or so instead of one 10k wall that is controlled by one person undoubtedly, like many hours before we crashed because of mtgox insolvency news.
71.
Post 5563990 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
72.
Post 5599617 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
There was 4,500 new BTT registrations yesterday. We just beat the March 7 high of 2,200. To put that into perspective BTT usually gets 500-700 registrations per day.
The jump in users suggest an interest in Bitcoin. New market players will enter. Fundamentals override technicals again. Value BTC with history of userbase rather than price history because it is the number of users who drive the price up in the first place. It is a very good indicator because new users take time to learn about Bitcoin before investing thus not pumping up the price immediately. It also gives us a measurement of interest in Bitcoin.
BTT = Bitcointalk?
73.
Post 5599646 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
Classic dead cat bounce showing on the 1hr. Last Monday's pennant isn't looking too successful now.
Next Monday, 2bit is going to release info on foundation members. $180 by Friday, Adam?
Yeah, worst case scenario of news could cause a dramatic decrease in prices, but 70%, seems doubtful. Maybe we may get another flash crash into the upper $400s, but even that seems questionable, if we do NOT even know the DAMNING news.
implying that anyone cares about the 2bittrash, his 5 minutes of internet fame were over a week or 2 ago.
Maybe you are correct, and maybe, just maybe, 2bit is ONLY an attention whore.... I kind of doubt that. There may be some there, there? It seems that we cannot know for sure (or condemn 2bit), until we see the presentation of the DAMNING evidence.
$480 by Monday night.
$800 by Friday morning.
Based on numbers that I completely pulled out of my ass using absolutely no graphs, charts, or history. And that's probably as good of a guess as anyone trying to predict the Bitcoin market with all those fancy tools.
Certainly, I like specifics... and thanks for that. You are suggesting an immediate negative reaction to the 2 bit news, but we will be over it by Friday. I tend to think that we can make 800 by friday, only if there is NOT any kind of negative reaction to the news. If we get a negative reaction, like you predict (down to 480), then we could NOT make anymore than upper $600s by Friday... I'm kind of pulling this out of my ass, too...
It would be funny if everyone reacted opposite to what we expect from the news, like the other day when that news release was supposed to be "good" news but the price dropped during and after it instead because it wasn't nearly as significant as it was hyped to be.
74.
Post 5633841 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
Volume on Huobi is much lower than normal right now
75.
Post 5635487 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
Does anyone know the site that lets you look at 4 different bitcoinwisdom charts at once?
76.
Post 5635622 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
77.
Post 5638483 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
10k bfx wall is back
78.
Post 5638667 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
10k bfx wall is back
They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.
I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.
79.
Post 5639335 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.25h):
10k bfx wall is back
They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad.
I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.
I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.
BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.
80.
Post 5650681 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.26h):
Overstock CEO bought in the 800s and now is getting desperate
Honestly though I hate that guy; something about him just seems off to me. He's one of those guys spreading bullshit. On these forums you will find the same people but they have no power and are usually hodlers, but when someone in his position shouts BUY BUY BUY, to me its not constructive and its more pyramidschemeesque. Some people will get me wrong, and that's fine. I like when important people give good reasons for bitcoins future utility, or cryptocurrency in general.
The funny thing is I didn't even read the article, or letter, or whatever it is this guy wrote about bitcoin until just now, even though I heard about it earlier today and glanced at it and came up with some preconcieved conclusions about it. But now that I just actually read it, I don't change any of my conclusions. Read the whole article - it does not give any good reasons to invest in bitcoin or anything. It talks about how great this CEO guy is and how he believes it bitcoin and how he is such an innovative person, just awesomeness, exactly why I need to put my money into bitcoin immediately. The whole article appeals to his character or whatever and that's why we should believe in him.
Honestly I think its great that this guy wants to risk a lot of money buying bitcoin; there is a good chance he and others will make a lot of money off of bitcoin in the future. I just don't think we need any more bullshit from this guy who really has nothing to add to the community; he seems desperate to use bitcoin just because it might save his company or something.
81.
Post 5762932 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.27h):
is bitcoinwisdom down for anyone else?
nvm its back
82.
Post 5954768 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.30h):
15k bitcoin wall at 510 on BFX.
83.
Post 7593970 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.56h):
On Bitstamp, BTC-e, and Bitfinex, there was a surge in volume (peaking at 300-700 BTC/min) while the price was shooting up, but when the rally stalled then volume dropped again to the very low levels it had before (10-30 BTC/min).
On Huobi and OKCoin, volume surged to about the same levels (~600 BTC/min) during the rally, but then it remained high (~120 BTC/min) while the price wandered between ~3800 and ~3820.
Need I say that I see that as evidence that the rally happened in China, and the trades in the West were mainly arbitrage?
Why are you so obsessed with the Chinese having to lead the exchanges? Its clear that stamp/finex led this based on how much they moved up (15-20 $) while huobi went up around $10. The volume can easily be explained by the fact that the chinese exchanges have no trading fees. As an example some Chinese traders may be selling during the rally to buy back a few minutes later at a little lower price, which isn't as easy if there are trading fees that will cut into profit.
84.
Post 7674318 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.57h):
Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
We need to squeeze those longs, free some money up.
I only read you, Shrooms for the quote, because you are ignored some time ago. You seriously should try yoga, meditation, spending time in the beach/mountain. Your post reflex you are having a really bad time, day by day. Stop worring. Breathe. Go nature. It will fix itself.
But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
On the other hand, there has to be a limit to the amount buyers can buy. And judging from the longs on bitfinex, and the uberbullish sentiment from people on these forums, everyone has bought as much as they possibly can already.
85.
Post 7859945 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.59h):
Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze.
There are barely any shorts out there, a long squeeze is far more probable at the moment.
I think you are mistaken. Although technically not shorts, many people sold a large portion of their holdings trying to buy back cheaper. When the price escapes from them they'll panic buy. It's one of the first things that happen when a growth spurt is looking to start and is actually the thing that really ignites it
No, I think you are mistaken. The only people who would sell right now to buy in lower are speculators, and the fact that longs have not dropped at all recently, and in fact continue to rise daily (on bitfinex), indicates that the majority of speculators have not cut back their long positions at all.
86.
Post 7954194 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_12.59h):
We went up 3 dollars so people have to take their 20 bucks profit you know.
I was just reading some garbage over on reddit that a self-described "non-professional" market trader with 25 years of experience posted. It blew his mind at how the people trading this market had no idea what they were doing. One point in specific, he noticed that people continue to want the price to crash so that they can "buy back in". That, coupled with the apparent inability for people to let their winners run caused him to speculate that if/when Wall Street level traders do show up, that the "day tradurrz" of BTC right now are going to get chewed the fuck up.
I can't wait.
Wishful thinking. If anything, I believe part of the reason why the current uptrend drags out like it does is because the market is increasingly professionalized: in the absence of a strong "irrational" trend towards a new ATH (i.e. a new fiat floodgate opening and thousand of new investors/speculators/users entering the market), the rational thing to do is take small profits early rather than hope for larger profits later. Why? Because the same incentive exists for the other market participants, so if you're waiting too long for your profit of n%, I'm going to jump in and take a profit of n-1% and will be happy (and you won't make a profit any more at all).
tl;dr tragedy of the commons effect - right now, the individually rational thing to do is take small-ish profits rather than hope for the "big one".
I disagree with the market being a lot more "professional" at this point and I don't think anyone is making much money by taking small profits in this ranging market. This sort of short term low volatility has happened before, when the market was presumably less professional, right? The "strong 'irrational' trends towards a new ATH" do not happen unless a lot of new people (mostly speculators) are introduced into the market. I feel as though the stability we have seen is just the bulls running out of money (see maxed out leverage on bitfinex by crazy people, who have probably lost 10% of their trade money from interest already), but also few are bearish enough to start selling much because this is bitcoin and it will be big in the future.
The thought that the market might be more professional now made me think about something else, though. We all want another bubble to begin and everyone says it will start when the "institutional" money arrives from Wall Street. Well, I don't think professionals are going to participate in a bubble, and they definitely will not keep buying after we go past the ATH because they will realize its way to risky at that point. However, the ETF will allow a lot of regular people to trade bitcoin so that might propel the price beyond at that point.
87.
Post 8002927 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.00h):
Finally we can get through the long squeeze. Get ready for the flash crash bitfinex
88.
Post 8006410 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.00h):
Dump harderrrrrr pleaseeeeeeeeee it will expedite imo this lul in the market and my fiat cannons have no option but to fire if we break under 550 again ..
I never get this logic.
I assume you believe we will be going up or otherwise you wouldn't want to buy. Why do you care about 50 bucks then? The way things look i'd say it's a rather small chance we go to 550 again. Why would you take that risk?
I personally find it very likely that we will go below 550 and soon. So I will take my positions accordingly.
89.
Post 8022763 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.00h):
Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.
A lot of people are concerned because their fully leveraged long positions on bitfinex come closer to their margin calls each day. Most people expect a bubble to happen magically as well.
90.
Post 8030326 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.00h):
Another move down.
91.
Post 8044892 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.01h):
Looks like all the shorts have been cleared out on BFX, squeeze incoming?
If you mean a long squeeze, yes.
92.
Post 8125183 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.02h):
IMO the bulltrap is over and buying pressure will disappear again. August will be bearish.
93.
Post 8160475 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.02h):
little dumping going on
I will repeat that I have a sneaking suspicion that there is going to be an attempt to close the Weekly MACD in the red.... which is going below the $570-ish level by Sunday night (is that when it closes?)
No one does that. Also I think it closes on Wednesday.
94.
Post 8173366 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.02h):
it'll crash to 580 right?
480
95.
Post 8228136 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.03h):
So someone wants to accumulate some thousands of bitcoins and is doing so on huobi; He could do so for much less but I would agree that this is a very effective way to do so since he is almost 100% of the buying pressure at present. This accumulation is having so much affect on the market that huobi has been $5-10 higher than the other exchanges for almost 2 days now. There need not be any wacky theories of this guy is manipulating people into buying from his asks or some other ridiculous stuff; its pretty obvious what is going on and its simple. However, the price is stagnating, longs must continue to pay interest and bulls have no money left to buy now, so it is almost certain we will be heading down once this guy is done accumulating.
96.
Post 8275645 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.03h):
Its all fake, someone selling to himself. Funny how the other exchanges struggle to have any volume in the same period. 0 actual buying pressure.
97.
Post 8302281 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.03h):
lol, litecoin is going down.....
fuck my, just bough zeusminers....
Capitulation just occurred on Okcoin. It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins
.
It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash.
98.
Post 8302753 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.03h):
Just take a look at huobi bid depth vs ask depth at 100%. If that doesn't scare you nothing will.
https://www.huobi.com/trade/index.php?a=depth
99.
Post 8302980 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.03h):
monkey will buy it.
Today monkey will lose.
100.
Post 8325519 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.04h):
I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.
You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.
People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.
INB4 "wow contrarian indicator i'm buying now!"
101.
Post 8366307 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.05h):
Big new orders between 450$ and 470$ on finex.
That's amazing. The book looks 10 times better. Huobi's is looking better too. This is quite bullish.
102.
Post 8394854 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.06h):
Awoken after time away to see a 5xx handle. A little cough upwards and the market will get the bears crying. Still very thin market.
Coinbase running out of coins to sell to customers? Obviously running out of coins is bullish. It implies internally they have more buying than selling, which at this price has exhausted their supply.
The fact 'traders'on here are arguing it is bearish is hilarious. Black is white, right?
Completely agree. Not sure how that kind of thing could be portrayed as bearish in any way. It shows there is strong demand at these prices.
103.
Post 8450715 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.07h):
I'm starting to feel really bullish right now. Longs got squeezed to the extent that I wanted, been waiting for that for over a month. And now 8k shorts, mostly at the bottom. There's gonna be a nice short squeeze and I think we will see 500s soon.
104.
Post 8452750 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.07h):
People can't log into bitfinex to close their shorts haha.. when they can price is going above 500...
105.
Post 8454948 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.07h):
1k shorts closed, at least 3k to go (all of those were opened below 480)
106.
Post 8458563 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.07h):
LOL at these idiots refusing to close their shotrs
107.
Post 8459437 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.07h):
2600 ask depth to 590 on bitfinex. Shorts better hope there are some nice hidden ask walls...
108.
Post 8576375 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.09h):
Hey guise! Did u happen to notice that huge bid wall at 506 on bitstamp? It must be miners trying to manipulate the price up so they can sell their coins for a lot more than they are worth OTC. There's no other explanation that makes sense.
109.
Post 9153245 (copy this link) (by Yololintian) (scraped on 2020-04-04_Sat_13.22h):
A retest of 320-340 is likely at this point. There may be a lot of shorts but twice as many longs have opened in the past few days. Just wait till a lot of people decide to take profit from longs opened at 300