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Davyd05
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March 30, 2014, 09:41:12 AM |
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How do you test if a rumour is true?
sell 1k coins. hits a bottom? the insiders are buying - then proceed to buy all the coins you can get your hands on.
not seeing the rumor hitting reddit, yet. However I assume once that happens all the chikun will show there colors. The recent action does strengthen arguments that many of the Chinese maybe holding bitcoin for its speculative value. If the speculators outside of China expect a dump I would assume liquidity would appear to dry up as the market wants the cheapest price possible to soak up the fiat held for trading. I assume the orders become trigger limits with the bots and other people just responding to TA. This is somewhat supported by wave in to the 520s, buying up at what they consider close enough to a bottom. If whales or market makers feel there aren't enough coins being sacrificed by weaker hands the pump probably resumes as it would make them money offloading on the way up and again waiting for something they can manipulate the speculators to move with the market on and then the sheeple into selling on fear. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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March 30, 2014, 10:00:42 AM |
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I really don't think I'm guilty of conducting a concerted effort to direct any vitriol towards him.
Indeed, I hope we can just stop here. You hope? If not, are you ready to initiate physical violence against someones person? This is unclear to me. |
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ChartBuddy
Legendary
 Online
Activity: 2800
Merit: 2413
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 30, 2014, 10:00:46 AM |
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ShroomsKit
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March 30, 2014, 10:08:29 AM |
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Ah a huge dump. What else would one do when hearing good news.
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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March 30, 2014, 10:18:03 AM |
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As for getting a coin, I would rather not invest in bitcoin, but will use it for payments if I find it is better than the alternatives. Would that do?
No. That is for the masses, those uninterested in the phenomenon. Set up a wallet, get some coin fraction, pay something to yourself. |
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kurious
Legendary
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Activity: 2618
Merit: 1749
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March 30, 2014, 10:25:31 AM |
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We - there seem to be some buyers out there.
Sunday evening rise likely?
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dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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March 30, 2014, 10:27:11 AM |
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Bullwhales are waking up on Bitstamp:  Someone dumped 1000 BTC and right after that, a buy order of 32000 BTC was triggered!!! WTF |
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dreamspark
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March 30, 2014, 10:31:45 AM |
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Been away for a week on holiday and managed not to be tempted to look at the BTC price for a week. Is there anything in particular that has us wallowing sub $500? Ive tried to catch up on the news but can't seem to find anything particularly bad  |
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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March 30, 2014, 10:32:50 AM |
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that is a bug.
no one bought 30 k of coinsl
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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March 30, 2014, 10:33:46 AM |
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Bullwhales are waking up on Bitstamp: Someone dumped 1000 BTC and right after that, a buy order of 32000 BTC was triggered!!! WTF I cant see the volume on BTC wisdom, well not 32k.... but funny that should happen How do you test if a rumour is true?
sell 1k coins. hits a bottom? the insiders are buying - then proceed to buy all the coins you can get your hands on.
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Hypnoise
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March 30, 2014, 10:35:27 AM |
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Ah a huge dump. What else would one do when hearing good news.
stay in fiat |
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molecular
Donator
Legendary
Offline
Activity: 2800
Merit: 1023
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March 30, 2014, 10:37:25 AM |
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Bullwhales are waking up on Bitstamp: Someone dumped 1000 BTC and right after that, a buy order of 32000 BTC was triggered!!! WTF I think there's a bug on bitcoinwisdom. I've seen extreme volume at times which disappear when I reload.  |
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dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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March 30, 2014, 10:37:43 AM |
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it was on the 1 minute chart
edit: reloaded, indeed. It was a bug
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Pruden
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March 30, 2014, 10:39:57 AM |
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Awesome tape-painting, with a sell every second for a minute.  |
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ShroomsKit
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March 30, 2014, 10:40:42 AM |
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Been away for a week on holiday and managed not to be tempted to look at the BTC price for a week. Is there anything in particular that has us wallowing sub $500? Ive tried to catch up on the news but can't seem to find anything particularly bad A rumour. Just a rumour. That's all it takes to drop 100's. |
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Dalmar
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March 30, 2014, 10:45:39 AM |
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go to 400 already
Whales are waiting for the pigs to provide more bid support.  |
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sumantso
Legendary
Offline
Activity: 1050
Merit: 1000
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March 30, 2014, 11:11:48 AM |
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Will the Chinese issue affect exchanges like Bter?
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JoeyD
Newbie
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Activity: 57
Merit: 0
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March 30, 2014, 11:13:16 AM |
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go to 400 already
Sell a bit of BTC on Huobi and smash through those fake orders and you'll get what you want. Watch the Coin Summit with Bobby Lee where he describes the fakery on Chinese exchanges. My proposal is to just remove all Chinese exchanges from the trackers like bitcoinwisdom and such, untill China exchanges start providing proven real numbers. After watching that video, I now think that the promise of China banning those fraudulent exchanges is just about the most bullish news you could hope for. Untill someone comes up with real, proven numbers, Chinas' btc-marketshare is overblown by multiple factors of ten. |
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