All posts made by RicePicker in Bitcointalk.org's Wall Observer thread
1.
Post 3400413 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.18h):
this is a good time to buy!
Lies. Everything points downward according to the order book.
2.
Post 3918285 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.36h):
The same pattern seems to happen every week for the past few weeks recently. Tuesday night/morning there is always a significant push in price, then later Wednesday night/morning there is a drop causing panic sells. After that a bunch of buys occur causing the price to spike up again. Thursday-Friday there is a slow decline in price. Someone is making some serious $$.
3.
Post 4081364 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.45h):
The volume is every exchange is so sad even for it been the weekend.
4.
Post 4252115 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.49h):
I love the way we've been getting some dumps like this and no panic!
I think it shows that every Tom, Dick and Harry (and Julie) left on board knows how to ride the train. It's exhilerating being part of it!
Each of these dumps over the past couple of weeks has led in to a necessary consolidation back to the steady uptrend. Look at the charts.
Most of the rallies and dumps that we have seen in the past weeks have been a joke in consideration to the volume that we have seen in November. Until we start seeing a steady uptrend with serious volume backing it, another major dump can occur at anytime.
5.
Post 4277205 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.50h):
This is totally healthy growth for Bitcoins guys...
6.
Post 4277815 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.50h):
Be fearful when others become greedy.
7.
Post 4383598 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.53h):
Check out the buys on GOX!
You just don't do a large buy and provide no support for it after. It obviously gonna go back down again.
8.
Post 4465421 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.54h):
Looks like 817 was the bottom on btc-e?
Dunno, this bounce is very weak. I'm thinking around 780 will be bottom.
In this new zero-gravity atmosphere the weak bounce can be the good one
What does that even mean?
He believes that the bitcoin train is in space and is going to the moon shortly.
9.
Post 4479901 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.55h):
I really don't mind the market going up or down. I don't trade. But this drop and this selling is just stupid. There is just no reason for it. I'm still pretty sure it's 90% pure panic. Based on nothing.
You do realize you can say the same thing for when the price rises $100 in one night. Its pure panic buying and its buying based on nothing.
10.
Post 4480658 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.55h):
good morning, so what is it "again" ? where is the people who yell "really low volume" when the price is going up ? why dont they do the same and yell "price will not go down on low volume" ? ah sure they want the market to act on their desired direction.....
They're just, like, opinions, man.
opinions and wishes are not the same
I wish the price to be $5000 in a week or so but in my opinion it wont go that high in a week
They are just stating a fact that the volume was low. The volume was extremely low during the initial run up being under 10k in most of the exchanges. Right now most of the exchanges are above 10k and it is still the weekend. Last time there was a run up the volume was low on a weekday. You do not have to be so butt hurt about it.
11.
Post 4544546 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.56h):
Funny how many around here have been saying that China is already out of the picture and have been priced into the market. Yet when china dips every exchange anticipates it and follows along blindly with them. When the 31th comes its gonna be a shit show.
12.
Post 4630935 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.57h):
good, stay out, and don't come to cry later "If" the price will start rising and you miss the train....
Depending on how things turn out from here, your name might well get added to the illustrious list of idiots who told me I was making a bit mistake by selling $1100 coins at $1000 range.
...and lets face it, if was Dec 6th, and I was selling or going short or whatever, like a broken record player, you would be making the exact same noises wouldn't you (and therefore your not really worth listening to).
Dont deny it cos I can easily check your historical posts.
Ha, everyone wishes things to go on their desired directions, your mind fool you to the point that your desire become the only logic, this is only a fact, the difference between us is that I use common sense, and I am in position that I would profit either ways, Bitcoin goes down buy more, bitcoin goes up yay
I don't predict the future, and I am no TA expert, but I can check the adoption rate and the madness going around Bitcoin now, we never had this attention, we never had businesses racing to adopt Bitcoin we never had these amount of startups we never had all of the new kind of projects leading building around Bitcoin infrastructure and we certainly never had this amount of new users.
I do not think that the infrastructure reflect the price of Bitcoin yet, but as always this will follow and catch up faster than you think, I think a smart person in doubt of the current price could just buy in small batches to average up and make sure to not miss ......
I am the biggest Idiot that I try to explain obvious things to some people, you are welcome
The same thing can be said for Dogecoins. I am pretty sure the rate of adoption for doge coins is comparable to bitcoins right now.
13.
Post 4768576 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_11.59h):
http://www.bitcoiniacs.com/Lol. They had to shut down the buying option.
If it's easier to sell bitcoin than buy it, what does that tell you? There are far more buyers than sellers. otherwise they could just buy and sell the same coins over and over.
This is bullish. They claim it's getting harder to buy on bitstamp, where they reload at. interesting. Of course they could buy my bitcoins if they were desperate enough, but my markup would be a little higher than theirs.
http://www.reddit.com/r/Bitcoin/comments/1w83db/weve_shut_down_the_buy_option_at_the_bitcoin_atm/
14.
Post 4835338 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.01h):
Those of us with substantial holdings will not deplete them by buying stuff at a low exchange rate. We didn't get where we are by buying high and spending low, so price needs to go up gradually and then we'll share with merchants. Overstock bitcoin sales went down because the exchange rate went down. If it goes up, more bitcoiners will buy stuff there and then more merchants will jump on board.
If Overstock sales went down it's because the initial rush of bitcoin buyers has passed.
And anyone with substantial holdings of BTC almost certainly acquired it more than a few months ago (ie when BTC was < $150). In the context of the gains made, the exchange rate has barely moved.
I started buying when it was less than $10/BTC and I still am going to wait. You seem to think it was easy money. It wasn't. Everybody was screaming at us to sell when it jumped to $50, $100, $200, etc. We held. and we held through the crashes too. Easy money spends easy. Hard money is hard to part with.
I was around the time when bitcoin was $32 and $2. The fact that you continue telling people to hold at $700-$800 compared to when you bought at $10 is ridiculous. I like to think back at when I mined an average of 3 coins with my 5770 in a week and I thought that was slow. I hold a good amount of Bitcoins from when it was $2-$20 and I believe that at these prices bitcoins are way overvalued for what they are capable of currently. Back then I was actually willing to spend my coins to buy things. I still have my DDR2 memory that cost 10BTC and thinking about how much I would have if I held on to them till now. Telling people to invest thousands of dollars in BTC when I was mining these coins when I was 17 makes BTC like such a joke.
15.
Post 4835409 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.01h):
Those of us with substantial holdings will not deplete them by buying stuff at a low exchange rate. We didn't get where we are by buying high and spending low, so price needs to go up gradually and then we'll share with merchants. Overstock bitcoin sales went down because the exchange rate went down. If it goes up, more bitcoiners will buy stuff there and then more merchants will jump on board.
If Overstock sales went down it's because the initial rush of bitcoin buyers has passed.
And anyone with substantial holdings of BTC almost certainly acquired it more than a few months ago (ie when BTC was < $150). In the context of the gains made, the exchange rate has barely moved.
I started buying when it was less than $10/BTC and I still am going to wait. You seem to think it was easy money. It wasn't. Everybody was screaming at us to sell when it jumped to $50, $100, $200, etc. We held. and we held through the crashes too. Easy money spends easy. Hard money is hard to part with.
I was around the time when bitcoin was $32 and $2. The fact that you continue telling people to hold at $700-$800 compared to when you bought at $10 is ridiculous. I like to think back at when I mined an average of 3 coins with my 5770 in a week and I thought that was slow. I hold a good amount of Bitcoins from when it was $2-$20 and I believe that at these prices bitcoins are way overvalued for what they are capable of currently. Back then I was actually willing to spend my coins to buy things. I still have my DDR2 memory that cost 10BTC and thinking about how much I would have if I held on to them till now. Telling people to invest thousands of dollars in BTC when I was mining these coins when I was 17 makes BTC like such a joke.
you seem short sighted,
Totally short sighted. That is why I have been holding on too these coins for the past 3 years...
16.
Post 4835565 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.01h):
Those of us with substantial holdings will not deplete them by buying stuff at a low exchange rate. We didn't get where we are by buying high and spending low, so price needs to go up gradually and then we'll share with merchants. Overstock bitcoin sales went down because the exchange rate went down. If it goes up, more bitcoiners will buy stuff there and then more merchants will jump on board.
If Overstock sales went down it's because the initial rush of bitcoin buyers has passed.
And anyone with substantial holdings of BTC almost certainly acquired it more than a few months ago (ie when BTC was < $150). In the context of the gains made, the exchange rate has barely moved.
I started buying when it was less than $10/BTC and I still am going to wait. You seem to think it was easy money. It wasn't. Everybody was screaming at us to sell when it jumped to $50, $100, $200, etc. We held. and we held through the crashes too. Easy money spends easy. Hard money is hard to part with.
I was around the time when bitcoin was $32 and $2. The fact that you continue telling people to hold at $700-$800 compared to when you bought at $10 is ridiculous. I like to think back at when I mined an average of 3 coins with my 5770 in a week and I thought that was slow. I hold a good amount of Bitcoins from when it was $2-$20 and I believe that at these prices bitcoins are way overvalued for what they are capable of currently. Back then I was actually willing to spend my coins to buy things. I still have my DDR2 memory that cost 10BTC and thinking about how much I would have if I held on to them till now. Telling people to invest thousands of dollars in BTC when I was mining these coins when I was 17 makes BTC like such a joke.
I mostly hold because it's going up. It might go down first, but it's going up and I think even you know it. Market timing is not something everybody should attempt. I'm pretty good at it and even I use less than 5% of my holdings to play around with. Investors are forward thinking. The utility value today is only one piece of the price. It's also the implied future value. When the shit hits the fan in Turkey, Argentina or wherever, liquidity is gonna dry up fast and I want to be in a position to supply it.
Just wondering, where's all those coin you mined now? Still got em? hodling? or did you sell too early? You sold at the top and now you wanna buy 'em back?
I have only ever invested $2000 mostly mining hardware and occasionally bought a few bitcoin when I had spare cash. I haven't sold because I already took out my initial investment last April. To me bitcoin is play money and if I lose everything I have learned a valuable lesson in economics and trading. I actually trade for fun on Bitfinex with the majority of my bitcoins which is 30ish coins. I lost about 25 BTC during the bitcoinica hack and 75 during the pirate ponzie scheme but that is somthing else.
17.
Post 4835864 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.01h):
Economics and trading are two different things, Junior. The fact that you consider it play money may be why you have less than a quarter of your original stack. Hope you enjoy that DD2 memory. Your brain memory isn't apparently doing you much good.
That is nice to hear. I am pretty sure when I am at your age I will be sitting on an internet forum arguing with someone 20 years younger than him about how much money you have made.
18.
Post 4908533 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.02h):
Bitcoin miners are at the point now if they just got their machines within the past month that they won't even see a ROI. That means they are going to start hoarding everything from this point onwards as it is not mathematically possible to see a ROI, it makes no sense to sell the coins as they will be selling at an inevitable loss. By the end of march there will be artificial scarcity on the markets due to the miners hoarding from now until then. At precisely this time we will see the a price hike of at least 2x current prices. That will spur the next wave of morons who will buy all the latest 3TH+ miners coming out 2nd QTR 2014. It is funny how the mining manufacturers time this perfectly, out of sheer luck or as a byproduct of their own self-mining greed. The process will repeat in this ever expanding pyramid. Incoming 16yo robots for the generic regurgiation of bullshit, with their 1 way linear thought patterns and toddler problem solving skills. It doesn't take a genius to understand how the market works. All of you are in denial. Lots of retards with fancy graphs that don't apply to this pyramid.
Its not like its causal miners spending money to buy dedicated hardware to mine bitcoins. These people already probably have mined bitcoins before and will mine at a lost for months and years. I am pretty sure at the current difficulty level most of the people mining are not the ones selling on the exchanges right now... probably holders. The price to mining difficult argument does not work too well for bitcoins.
19.
Post 4992241 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.04h):
Until there is a legitimate Bitcoin exchange that is located in the United States and is certified to do business in all 50 states and abides by all the regulations set by the SEC or whoever, I do not think Bitcoins can maintain a higher price... I do not know why people continue to spam its gonna go up to 2k when almost every bitcoin exchange method is either reliant on Bitstamp or simply localbitcoin.
20.
Post 4992529 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.04h):
WHY THIS IS CRASHING
? ANYONE HAS A REASON
Its like asking why is the price going up?
21.
Post 4994665 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.04h):
Funny thing is the last time Bitfinex market sentiment was 2:1 Bearish to Bullish a panic buy occurred. This time around the sentiment is 2:1 Bullish to Bearish, I wonder what is going to happen this time around. Too many people are buying on margin, believing this is the best time to buy coins.
22.
Post 5026313 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.04h):
if BTC withdrawals on mtgox start to work again, then the price will shoot up to (stamp + 200) again. Thats 100% sure.
i would not speculate on the fail of gox now and sell there.
If USD withdrawals have not been fixed for almost 8 months, what makes you think they will fix BTC withdrawals in less than a month?
23.
Post 5028530 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.05h):
Exchanges are running out of supply again, especially Mt.Gox, if you wish to include it as an exchange. Bitstamp is trying to eat the iiquidity at 650, but can't seem to find enough coins to do it. I suspect we will see 720 within 24 hours.
Order books lie. More coins will come find their way into the system as people see their wealth drop 10-20% overnight and panic.
24.
Post 5049647 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.05h):
So if Gox fucks up people on other exchanges are expected to panic sell? Is this correct?
Kinda what happened when China announced they are going to restrict banks and payment processors from dealing with bitcoin exchanges....
25.
Post 5051817 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.05h):
HODLERS beware!
26.
Post 5071917 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.06h):
Why is price going down..?
Bulltrap...
27.
Post 5115763 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.07h):
Is every site getting DDOSed?
BTC-E, Bitfinex, Bitstamp, Bitcoinwisdom Down
28.
Post 5134340 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.08h):
Bitstamp bull trap.
29.
Post 5135092 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.08h):
Bitstamp bull trap.
So everything that is up is a bulltrap, right? The only legit market non-trap move is the crash to 0 it seems
The market just does not gradually head towards $5xx then in the span of an hour spike back up to where it was before naturally... If it was a slow and gradual move then it would be less of a bull trap.
30.
Post 5135754 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.08h):
So we got back to 625 and then someone puts up a wall there to make sure we go down again.
What is it with these people? When is it enough? Why the need to just take us down and then down some more? We'll be at 500 soon if this continues. Will people push it down from there on because there will be cheap coins at 300?
And the sheep in the meantime just keep selling because they think that will get their money back.
Really, when is it enough?
All the bears here, is this what you wanted? Are you extremely happy now? Or do we have to go down further? Are you people even buying coins or do you just enjoy the market crashing and everybody losing money?
I just don't understand the logic of constantly pushing down.
You don't understand psychology also.
I sodl at 629 so I could buy at 588.
Didn't I say bull trap?
31.
Post 5136455 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.09h):
Spread between stamp and GOX in percentage, expect that last bar to turn red en shoot down when gox enables btc withdrawals.
What makes this spread different than when gox was trading at $950 while everyone else was at $800? I thought everyone ignored GOX already because of their large spread above everyone else. Now that the spread is below everyone else dragging the price down its a HUGE problem.
32.
Post 5137410 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.09h):
Goodbye. I'm about to be liquidated
Under your username it says feeling bearish... Yet you decide to go long?
33.
Post 5138213 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.09h):
$640 is actually the Fibonacci sequence resistance zone. If it can maintain momentum $675 is the next target. We will just have to see. I find these spikes so unnatural.
34.
Post 5172692 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.10h):
If Gox reaches a low enough level, Mark can buy up all the bitcoins on the exchange just with all the money he has made on exchange fees. After that dumping it on any exchange for 3-4X profit looks easy.
35.
Post 5172763 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.10h):
Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp?
36.
Post 5172878 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.10h):
Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp?
Nothing, and this is what will happen. Gox will pull down the other exchanges through selling pressure if withdrawals are re enabled.
Withdrawals do not even need to be enabled. Its not illegal for Mtgox to buy coins on their own exchange and sell it on other exchanges right? It takes about what 1-2 week to withdrawal from Bitstamp back to a Mtgox bank account? As long as there is a large disparity between the exchanges and Mtgox, Gox cnd post whatever bullshit about withdrawal delays and they can make profit through exchange fees and arbitraging at stamp. People are already protesting them, what worst can happen? The are getting rich no matter what.
37.
Post 5172931 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.10h):
Ah, so unexpected. The sheep on Stamp are starting to poop their pants. Because panic selling on Stamp is the smartest thing to do if Gox goes down, right?
What is stopping Mtgox from buying up all the cheap coins personally and dumping it on Bitstamp?
Nothing, and this is what will happen. Gox will pull down the other exchanges through selling pressure if withdrawals are re enabled.
Withdrawals do not even need to be enabled. Its not illegal for Mtgox to buy coins on their own exchange and sell it on other exchanges right? It takes about what 1-2 week to withdrawal from Bitstamp back to a Mtgox bank account? As long as there is a large disparity between the exchanges and Mtgox, Gox cnd post whatever bullshit about withdrawal delays and they can make profit through exchange fees and arbitraging at stamp. People are already protesting them, what worst can happen? The are getting rich no matter what.
then the only way to thwart them would be to match their price exactly
See when Mtgox prices were high that means that Mtgox could have sold coins to their own customers for a 20% profit. Now that its a 50% price difference they can buy back the coins they sold at $900-$1000 for 70% off. When everyone says that bitstamp and BTC-e should not follow Mtgox's prices, but how many coins do you think Mtgox owns. If the owners really cared about Bitcoin prices and the economy would they let the price drop this low rather than halting the exchange?
38.
Post 5173130 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.10h):
God once $266 goes. This is the first time that a previous ATH has been broken.
39.
Post 5173213 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.10h):
For the love of god, can someone please tell me how I can lay hands on some of these $275 coins?!?
I think you are better going to buy lottery tickets if you want Gox coins, but you can buy then from bitcoinbuilder.
40.
Post 5183461 (copy this link) (by RicePicker) (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.
seconded. It's highly unlikely for other exchanges to climb up.
I'm still stunned how traders aren't willing to take the lead on stamp.
Guess everyone is hoping for the hypothetical spike to sell if gox re-enable withdrawals.
Why do you guys even still believe that Mtgox will re enable withdrawals anytime soon when they can profit from all of this? Its not like they are doing anything illegal. If i were Mark I would leave it locked for months until he is rich enough not to give a fk about anyone else in the world of bitcoins.
41.
Post 5195769 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.11h):
I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).
Right. Because the bear market has to go on indefinitely.
You just as bad as any of the bears that spout its going down and the market is going to crash. Instead you spout nonsense about the price going up all day long.
42.
Post 5195951 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.11h):
So why would Stamp and other exchanges rally too? There was no information released regarding them. Stamp already fixed its withdrawals days ago. And IF gox withdrawals are fixed all it means is there are more coins on the market getting dumped into Stamp.
There is no point in asking serious questions in this thread anymore. The rationale of most people here either believe it should go up 100% of the time or down there is never an in between. When you disagree with their view point they get angry at you.
43.
Post 5211319 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.12h):
So, we get it. You are a trader. You don't believe in the fundamentals of the technology. You are just here to make money trading. Ok. Great. Take your profits and get some more precious rocks. Bye.
I will say this again: screw you, you delusional prick!
When i'm saying that bitcoin isn't the answer because it's too simplistic, then it doesn't mean that I don't believe in the fundamentals of technology. I just understand macroeconomics and finance better then you, that bitcoin won't be able to offer price stability and without price stability it won't ever be a quality currency.
I believe that this idea that bitcoin created will soon bring forward a new wave of information technology based currencies, that already have an integrated market regulation system and a more proper system for creating new units.
When someone said that Macintosh won't conquer the world as a personal use computer, that there will be competition that will better the idea, then it doesn't mean that he doesn't believe in fundamentals of technology!
Can you please stop acknowledging windjc. Although many might complain that fonzie is a troll at least he does not get hostile and aggressive to others that disagree with his view point.
44.
Post 5229658 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.12h):
About 10k coins added to asks on MtGox >1000
I never understood why people park their money in ridiculous orders. If, for some reason, bitcoin suddenly jumped up to $1000, I probably wouldn't want a computer automatically filling my order.
It just shows a small percentage of the theoretical bitcoins that Mtgox has on their exchange. I am assuming what is appearing on the order book to be only probably less than 50% of what is sitting in peoples accounts.
45.
Post 5250906 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
If so many people believe that Gox will re enable withdrawals tonight why is there such a large disparity still between the exchanges? I am pretty sure most of the large players at Gox do not believe they will remotely be able to withdrawal any amount over 10+ BTC in a timely manner.
46.
Post 5251846 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
Great, i can now imagine 1000's of people dumping their coins as soon as they get them out. Maybe Gox is the real price after all.
If you are able to deposit as much money as you would like into GOX, but everyone is limited withdrawing say 5-10 BTC per week/month, there will be a slow selling of coins from Gox to any other exchange for 50-60% profit. I am betting there are plenty of large bitcoin account holders within Gox based on the volume and the fact that Gox's fees are outrageous willing to keep the price low to GTFO of there.
47.
Post 5251928 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
If anyone was around during Pirate40's ponzi scheme in 2012 the sentiment on the forums is extremely similar to this Mtgox issue. There were plenty of well known members of the bitcoin community backing up Pirate pledging that he was not running a ponzi scheme and people were buying shares of his investment on GLBSE for 40-50% betting that he would pay out again. Pirate40's identity was known by everyone. He went to the Las Vegas bitcoin convention and he still managed to scam how many bitcoins and dollars from everyone? A lot of well known members of this forum were the ones selling shares to his company. I like to take everyone advice here on this forum with a grain of salt.
48.
Post 5252200 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
China usually does not follow Gox. When they do though it means a serious dip is about to happen.
49.
Post 5252469 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
Gox finally going to 0?
That is terrible. A lot of people are going to be burned so badly.
50.
Post 5253839 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
You know when the price on Gox reaches zero that they will not owe anything to anyone?
This should not be possible, or can people place bids for 0 dollar?
Not when you are trading Goxcoins.
51.
Post 5255119 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
Buy all the GoxCoins!
52.
Post 5255268 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.13h):
Looking to make 0.5 BTC bets: My take - Mt Gox will restore and withdrawls before Tuesday the 18th 12 PM Eastern.
Your take - Mt Gox does not restore withdrawals before Tuesday the 18th 12PM.
I have 3.5 BTC ready to go.
PM any questions
0.5 BTC bet accepted. Mt. Gox won't enable all withdrawals till feb 18 2014.
Shake
Accepted
And here it goes
135YqTYMtaWS4DNXUPboJ3p5eDADnNvkWf
All of his coins he owns are in Mtgox. So...
53.
Post 5302791 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.16h):
I am pretty sure this rally occurred because of the 6h MCAD crossover. Every time there is a crossover there seems to always be a rally associated with something FUD.
54.
Post 5312268 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.16h):
Nice little dump on stamp.
55.
Post 5314075 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.16h):
You better bet if profits are going to be made, people are going to wire a ton of money into Mtgox and take advantage of bitcoinbuilders price difference to make a quick buck. I am pretty sure there were a few people that tired to milk the process slowly, but then began a race to make the most profit. Now that the difference between bitcoinbuilder and Mtgox/BSP price have almost equalize the question is what will happen next?
The risk of depositing money into GOX is significantly increased when the difference between bitcoinbuilder and Gox/BSP closes to less than 10%.
56.
Post 5314313 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.16h):
If gox does fix withdrawals, there will be two groups of people on gox after this:
1. Those who panic sold at the lower prices, lost everything, are jaded, and may never come back to bitcoin again.
2. The traders who suckered the money out of group#1, are sitting on a ton of coins at MASSIVE profits, and will take their profits on bitstamp where fiat withdrawals are more reputable.
Since there will definitely be a mad scramble of people buying coins to GTFO of Gox there will be a huge surge in price as the ASK side thins down. I wonder if anyone is stupid enough to continue depositing coins into Gox lured by the prices?
57.
Post 5314908 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.16h):
Dafuq? Did new information come in about gox?
Bitcoin Builder gap basically reached its minimum profitability amount. Now the gap has widen for everything to continue again.
58.
Post 5316589 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.16h):
It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.
Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed
If all these things happen I think alot of people will miss the train.
Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.
Well. Lets take Bitfinex for example. Now I have two points of data with them. First, I've been tracking their lending fiat amounts which have climbed from 1 million to over 16 million at one point a week or so ago. I believe these are mostly post December deposits because I sent them an email asking how much was being deposited into their exchange and Raphael emailed me back and said on a busy day, over $1 million. Now, Bitfinex represents less than 10% of trading volume. So we can make some very general assumptions that tens of millions have continued to flow into exchanges in 2014 while a great deal of people have sold looking to buy lower.
So I believe there is enough right now to take well past the all time highs.
The exchanges only represent less than 5% of the bitcoin available. How much resistant will there be if the price even manages to go over 1k again? None of the bitcoin exchanges are completely reliable and compared to the sentiment of November a lot of people would agree with me that holding any large sum of bitcoin or USD in and exchange is a gamble. You can say there is enough fiat on the exchanges to bring the price to $1500, I can also say there is enough bitcoins to bring the price down to $100.
59.
Post 5326642 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?
60.
Post 5326695 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
I do not understand the reasoning behind the bots on BSP. After a large sell there is always an equally large buy a few seconds after. What is the reasoning behind it?
Itīs probably shorts that get closed/triggered automatically. When there is not enough ask depth they shoot through the roof as they get triggered as market order.
Edit:
Bitfinex works through Stamps orderbook.
That makes sense. Bitfinex's order book was completely wiped out down to $600. I guess a lot people had their buys to close their shorts at $600
61.
Post 5326797 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
Edit:
Bitfinex works through Stamps orderbook.
Why would the price have been bid up to $629? Who is sitting on Bitfinex with a trading algorithm that says if the price crashes to $595, I want 500 BTC, even if the price is bid up to $629 and normalisation of the market puts me underwater within 20 seconds of trade completing?
There is always a terrible delay between the prices at Bitstamp and BFX. I am guessing bots are executing market buys thinking they are buying at $595 when they are actually driving the price up to $630.
62.
Post 5328264 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
I'm just mad I don't have 6 million on bitstamp right now. I'd burn his ass.
If you had 6 million you would not be sitting on the forums in the first place.
63.
Post 5328548 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
Its funny how a 7 billion dollar market can be easily manipulated by 6 million dollars worth of coins.
64.
Post 5328670 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
What are the chances these coins came from Mtgox? He could sell all the way down to $400 and still make 3x profit if he bought at $100.
65.
Post 5330077 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
So after the 10k coins are sold into the market and 6 million dollars are removed from the exchange the price is suppose to go up with 6 million dollars less on the books?
66.
Post 5331914 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
Bitcoinbuilder and Gox/BSP ratio has basically equalized right now.
67.
Post 5332328 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.17h):
I do not understand why some people would buy 5k of that 10k wall at 579.3 when they could have waited 2-3 hours and gotten their coins for cheaper rather than already be down $20 per coins they just bought from the wall? I am pretty sure most of it was bots buying coins, but there must have been some people buying coins from that wall. If after 1k coins it was not going any where, why would you continue on buying?
68.
Post 5358259 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.19h):
I usually frown upon profanity but man
"What the fuck is up with this shit?" Bitcoin, make up your mind where you want to go today
This is basically what happened during the Chinese crash. You do not simply go down 20% and expect it to stay there for more than 2-3 hours. Now the market will decide on a point to stabilize for a day or two until the next crazy thing happens.
69.
Post 5358834 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.19h):
Nom Nom Nom... Walls are getting eaten like crazy.
70.
Post 5359250 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.19h):
The recovery is maxed out for now. It's going to take at least a day to consolidate and break $520 if not longer.
The market is far from rational right now. I doubt this will be our last time going past $500 again. The fact that this recovery is occurring at super speed is shocking.
71.
Post 5375794 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.20h):
not to mention someone who sold 1k coins into buy wall at 550, he's gonna get butthurt pretty quick if he thought he would be able to buy back in cheaper
550 will be seen again, guaranteed.
You.. wanna bet on that?
If you are going to bet, bet on the market. If you believe that its not going to go past $550, buy buy buy then right now.
72.
Post 5375858 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.20h):
Am I the only one who thinks the 4 hour chart looks grossly overbought? where is the retracement? It's risen 40% now and no retracement.
I told you the market is not rational right now. Looking back at the dip during December the market immediately recovered the next day, though not to the same point. We are still in a downtrend and there was not enough fear during this crash either.
73.
Post 5380492 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.20h):
I'm unsure whether it was menitioned before:
Every coin the thefts have withdrawn from Mt.Gox was somehow doubled in the past. It was most probably sold by the thefts _and_ it was blananced at the Gox user accounts.
So now there are a lot of people that have less bitcoins than they thought they would have a week ago.
you mean 7% of the coins "gone" = 7% price rise ?
What idiot that is capable of stealing 750k of coins is going to risk it even entering an exchange? How many hacks have we seen of X amount of coins enter the free market? None? We will probably never see those coins again since it going to be sold in large chunks to heavy hitters.
74.
Post 5380882 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.20h):
If 7% of all bitcoins really are gone then the price rise would be more like 30% because the 7% were from the actively traded float, not from the several million hoarded and locked away in Arctic-cold storage.
You seem to be forgetting that there were also a lot of fiat afloat at mtgox that was meant for BTC. BTC will lose that fiat, and probably any new fiat that would of came from those who owned it.
It's fun to see how everyone are trying to downplay the gox situation and are trying to make this look good.
I am certain that it will go back down again after this rally, but even so you are missing out on 30% profit by continuing to wait till it goes back down to the $200-$300 range? It might go back down to that price range, but I assure you it will not stay at that price point for longer than a day.
75.
Post 5381276 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.20h):
The rate on BFX to short right now is ridiculous. If you are willing to pay that rate just to short you are nuts.
76.
Post 5422808 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.22h):
I am not sure if those 750,000 bitcoins were really stolen or lost but the fact that almost 10% of the bitcoins on the network are now gone + the other 10% that are left untouched in Satoshi's wallet makes me really sad of how already scarce bitcoins are and how such a large percentage of the coins are technical locked away. The FBI holding a good percentage of the coins is frosting on the cake...
77.
Post 5423194 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.22h):
No more dumping ?
Hard to consider it a dump when the trade volume has been so abysmal.
78.
Post 5423234 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.22h):
Bitcoin has gone down almost 50-60% in three months. You serious think Chinese investors what to move their currency from one volatile currency to another one just for shits and giggles.
79.
Post 5429032 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.22h):
am I reading that right ? only $20K invested in Bitcoin, but is the first step which is positive.... also I wonder what do they think about this investment today if they bought at an average of 900
Those figures are in millions...
80.
Post 5460134 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.22h):
9376 volume on stamp ??
This is starting to remind of the 5 other times i thought the trend was breaking and I had to buy. The only difference is MACD is up now (slightly).
sexist bullshit
Multiple incorrect things in here. I'll admit my minds is a little weak right now due to exhaustion, terrible sleeping patters, and other bad habits. This may account for some missed trades and emotionally charged posts that I would not have made otherwise.
So what about this "big turn". Do YOU know how to tell when it's happening? What signs are there? Is it happening now?
Why are you even entertaining that utter stupidity with any sort of reasonable response?
Idk. Why are posts filled with hate, anger, racism, sexism, and stupidity even on this forum? I see them every once in a while and they baffle me. I thought bitcoiners were supposed to smart or evolved people.
Another thing that suprises me is this kind of thing (and also profanity) will get someone banned in the btc-e trollbox but is perfectly ok here.
TERA, mate!
I know you think little of me or my thoughts but please...sometimes I think you are fourteen going on fifteen.
We've inhabited the trollbox for roughly the same time: you should know you can come out with as much racist/homophobic/misogynistic/anti-semitic shite as you can imagine there "no worries" and then get a ban for the heinous crime of using ALL CAPS.
And at this stage do you not realise that with all the will in the world you cannot overlay traditional TA onto an emerging and fundamentally discrete and distinct market like BTC.
You're clearly an intelligent chap, so I don't see why it is so difficult for you to accept that there may be intellectual ambiguity within the paradigm that you're studying and make the appropriate allowances, rather than throwing your hands in the air when the world doesn't fit into your prescribed mathematical patterns.
I do not know how old everyone on this forum is, but the fact that some of you need to justify and argue to random people on the internet how your trading decisions have made you rich is extremely childish. If you have made profit, good for you, you do not need to judge others opinions and decisions just because they are the opposite of yours. You have made money and they did not, that should be enough.
81.
Post 5469327 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.22h):
nobody (except bots and fools) is buying at those prices. the only question remaining is at what price everyone would just rush into buying BTCs. i'd guess 200-250$ to be the limit here where people would just buy buy buy
i'm sorry you missed the bottom, but capitulation is over. it's slowly up from here until the next bubble.
He's obviously delusional as any other waiting 200$ coins but this is far from "up from here until next bubble" yet.
to be fair, i did say 'slowly'
my point is that i think 400 was the bottom. i think from now until around june, price will be relatively stable (but with a slight upward trend) before we see the next bubble. i'm not saying it's not possible to dip into the 400s again, but i'm pretty sure we won't be going lower than 400.
I don't think the goxfear based flashcrash created a true capitulation bottom. It was nothing but a flashcrash within a downtrend and that downtrend will continue until the genuine bottom. I think we will at least be testing that bottom in order to confirm.
Well unless we have a break downwards within the next day or two, the downtrend will be over.
It takes more than a couple of days for the market to officially break a downtrend. I think it would either take a week or two even just to confirm it because of how low of a volume we are at right now. Volume has to significantly increase for an uptrend to occur and right now only old money is bringing in money to the exchanges. I do not see anyone too excited in investing into bitcoins after hearing about Mtgox.
82.
Post 5477499 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.23h):
I wonder how much of the remaining fiat will go to lawyer fees and other random BS like starbucks for Mark?
83.
Post 5479269 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.23h):
I just watched some guy dump 10k LTC on Bitfinex for $11-12 when he could have dumped it on BTC-E for $13.5 then buy bitcoins and bring it back to Bitfinex for more profit. WTF is going on with these markets?
84.
Post 5503650 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.23h):
Bought 40 LTC for 1,1 BTC. Good or bad idea?
Depends how patient you are. It's guaranteed 20-30% profit at some time, even more if more patient.
In BTC or Fiat-terms?
btc, soon or later ltc goes over 0.03
Damn I wish I had listened to you yesterday. That wouldīve been a straight profit of 25%
I watched LTC charts for a long time and have seen that they go paralel with the price of BTC so I thought it does not matter if you are in BTC or LTC.
LTC does go parallel with BTC. LTC just lags behind bitcoin when going up, but tanks when going down. LTC was severely undervalued when BTC just spiked up from $400-$700 and still trading at $14. LTC was going to go back up to the $16-$20 not matter what if bitcoin is at $700. The BTC China news just re enforced the sentiment that LTC was undervalued. You have to take into account what LTC was trading relatively at compared to Bitcoin at various time frames.
85.
Post 5546130 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.24h):
That journalist is insane and ruthless.
He just condemned the poor guy to death sentence, whether he is The Nakamoto or not.
Really now? Mark Karpeles, the guy that lost close to 1 million Bitcoins is still alive and you do not see any news about his family members getting death threats or robbed. I pretty sure he has more enemies than Satoshi does. Why does it even matter who he is? Everyone knows the creator of Litecoins and it does not change anything other than him promoting it.
86.
Post 5573204 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.25h):
Mtgox is not going to start redistribution of funds right after they file for bankruptcy. Even if they return 180k worth of coins people are still going to try to sue his ass to get anything they can back. What incentive does he have to return those 180k immediately? Mtgox has been unresponsive for weeks/months and suddenly everyone is thinking oh look we found 180k worth of coins in our wallet so now we are going to return a portion of your balance back to you... Bankruptcy does not work that way.
87.
Post 5638608 (copy this link) (by RicePicker) (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.
88.
Post 5638875 (copy this link) (by RicePicker) (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.
89.
Post 5639511 (copy this link) (by RicePicker) (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.
BFX's order book I believe is a combination of their own order book and BSP's order book. When there is a disconnect between their order book you will notice a really large spread between the two. When there is minor spread it usually is because of low volume and everything is working properly. If you look back to when the 10k wall was placed on BSP how many people reacted and sold then. A lot of people know that BFX walls are unreliable and barely move the market. BFX order book is really thin. That have had plenty of problems before when major sell orders have been placed and they have ran out of coins on BSP causing their order book to go to $0. After knowing all of this why would some sell 11k coins on BFX legitimately when margin calls would occur like crazy if someone sold that many coins. I have never seen large sell or buy orders on BFX past 1k coins, so it is not that large of an exchange yet. If they wanted to sell they would do what was done on BSP and move the wall closer to where the market action is happening rather than at points no one is going to touch. Constantly moving it backwards is also another clear sign they do not want to sell.
90.
Post 5648364 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.26h):
So who was saying that the 11k BFX was real and he was just offering it so someone could buy with no slippage?
91.
Post 5741286 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.27h):
With this low of volume and on BFX there is a record amount of USD being borrowed for long positions there is going to be a short squeeze down, when people start closing their long positions when the market moves south drastically with a small dump this is going to be painful.
Edit: Last time I saw Bitfinex sentiment be 2:1 bearish was December 22, that was the beginning of the rally up to 900ish. Now that is 1:2 bullish be careful, the market can be easily manipulated right now.
92.
Post 5777246 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.27h):
I do not trust rises in LTC when BTC does not rise along side with it. I am pretty sure people are bored with BTC right now and see LTC as a quick way to make a quick buck so they are pumping the hell out of LTC.
93.
Post 5778651 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.27h):
Much pump and dump LTC. Glad I shorted the hell out of it when it was $20. Back to BTC watching now.
94.
Post 5778944 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.27h):
Much pump and dump LTC. Glad I shorted the hell out of it when it was $20. Back to BTC watching now.
how did you short it? bitfinex?
300 LTC at $20 on Bitfinex. Just closed my short at $18.4. Bitfinex has such bad LTC liquidity. There is so much slippage when you try to place even a small position.
95.
Post 5779905 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.27h):
i have a macd/ema strategy with ltc daytrading where i buy on a certain ema on downspikes which should be safe as a support until the corresponding macd goes down. once that macd goes down then the support is no longer valid and i move to the next longer chart to use its ema as support. this works most of the time. however today it just kept going down, and down, and down, without the corresponding macds going down first.
That probably would work on a rational market, but when buying and selling is occurring irrational because of much BS you will lose trying to use technicals.
96.
Post 5819461 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.28h):
WTF is going on in China?
97.
Post 5940263 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.29h):
I am scared shitless right, but I just bought some more. I hope I don't shit myself somehow magically....
98.
Post 5948222 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.30h):
What is going on with Bitstamp's bid/ask sums. Bid sum has not increased for weeks and is continually decreasing....
99.
Post 6045128 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.32h):
Bitfinex interest rate being so high still is so concerning....
100.
Post 6054642 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.32h):
can we explain a single actor buying 5k coins?
As mentioned, margin call, or, maybe even more likely, plain old fashioned belief in future price increase. I'm firmly in the bear segment for now, but even I can see how it might make sense to buy in now with a large sum (at the risk of short-term losing some of your depot's value) under the assumption that the long term growth potential that outweighs that risk is still there. It's all about different time frames in which market participants calculate (and, no, I don't necessarily say those who think "long term" are making the smarter choice).
On bitfinex there really hasn't been a large amount of short sellers compared to the number of longs that are being made. Usually you would expect a trend reversal when shorts out number the amount of longs, causing a short squeeze, which would somewhat indicate a trend reversal. There are far to many people right now betting that the price will bounce up immediately paying .2% interest a day on bitfinex.
101.
Post 6066987 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.33h):
I don't there will be a trend reversal until the number of shorts on Bitfinex outnumbers the number of longs by 2:1. Right now plenty of people are still optimistic about the price immediately bouncing up after months of a downtrend. When everyone believes that bitcoin is going to continue going down and shorts start to be squeezed that's when a trend reversal will occur. Right now these bounces seem to be bots following MCAD indicators every time it crosses the 6h mark.
102.
Post 6090519 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.33h):
This rise with this volume is a joke.
103.
Post 6245705 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_12.38h):
I am pretty sure most people use MCAD as one indicator to either buy or sell. It has been pretty obvious on both the 4h and 6h charts that we were expecting a correction soon. Unless you are planning to buy and hold for more than a month the 1d and 3d indicator is at a buy signal right now. Simply listening to the forum for short term predictions is gonna lose you money.
104.
Post 19204732 (copy this link) (by RicePicker) (scraped on 2020-04-04_Sat_15.11h):
Whats with GDAX/Coinbase... $100+ price difference between the major exchanges.
