All posts made by bad trader in Bitcointalk.org's Wall Observer thread
1.
Post 9583504 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Speaking of manipulation, up $20 before China wakes up?
(Okay, maybe not that much, but I think someone wants this as high as possible before morning...)
2.
Post 9606454 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Is this ladies?
3.
Post 9606855 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
new low @ OKCoin
4.
Post 9611110 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it
- manipulation,
- incredibly stupid,
- a whale mating call,
- some kind of a test of market resolve, or
- the secret best way of selling 500 bitcoins?
5.
Post 9611136 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it
- manipulation,
- incredibly stupid,
- a whale mating call,
- some kind of a test of market resolve, or
- the secret best way of selling 500 bitcoins?
It's probably either manipulation, or incredibly stupid. Perhaps the seller knows something we don't, or perhaps he's a retard.
So, now there is two walls. How does that work?
Could be a trick to push the price up, I suppose.
6.
Post 9611335 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it
- manipulation,
- incredibly stupid,
- a whale mating call,
- some kind of a test of market resolve, or
- the secret best way of selling 500 bitcoins?
It's probably either manipulation, or incredibly stupid. Perhaps the seller knows something we don't, or perhaps he's a retard.
So, now there is two walls. How does that work?
Could be a trick to push the price up, I suppose.
It beats me. Perhaps someone incredibly clever is playing an incredibly clever trick on the market.
Probably the whale who did it managed to sell a few coins fairly high by playing with his walls or something.
7.
Post 9616753 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Does anyone know if the Chinese traders are actual living people or just TA bots or something?
They just keep following their trendlines on low volume and then one gets poked and boom. Then again I guess that's what traders are supposed to do.
8.
Post 9617155 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.33h):
Does anyone know if the Chinese traders are actual living people or just TA bots or something?
I think you have to be a bot to believe in this rally.
9.
Post 9620621 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
I think you have to be a bot to believe in this rally.
The bots might have been onto something. I didn't name myself “bad trader” because I outperform a Chinese TA bot.
10.
Post 9620748 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
I think you have to be a bot to believe in this rally.
The bots might have been onto something. I didn't name myself “bad trader” because I outperform a Chinese TA bot.
Just to be clear, I'm not saying it won't drop from here, which in itself is probably a bullish indicator.
11.
Post 9620911 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Just to be clear, I'm not saying it won't drop from here, which in itself is probably a
bullish indicator.
A bullrun on fiat? yyAy!
I closed my short on the way up from 350 to 360 in a hoped to reopen it above 370 but I am starting to "panic".
I just trust the market to move against me whatever I choose to do.
12.
Post 9621122 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
I think because he want to buy more bitcoin.
I think he doesn't want to buy less bitcoin.
13.
Post 9621551 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Just to be clear, I'm not saying it won't drop from here, which in itself is probably a
bullish indicator.
A bullrun on fiat? yyAy!
I closed my short on the way up from 350 to 360 in a hoped to reopen it above 370 but I am starting to "panic".
I just trust the market to move against me whatever I choose to do.
Prudent advice. Always consider the worst case scenario.
With my trading skills thinking about worst case scenarios tends to lead into buying at the top and selling at the bottom.
Just stay patient and hope for the best seems like better advice. Some random swing will meet your bids/asks eventually. Maybe.
14.
Post 9621596 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Dumps in China, why?
Someone touched a trendline.
Or maybe someone knew the lower lines would catch it and shorted.
15.
Post 9621796 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Touching lines again.
16.
Post 9621855 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
17.
Post 9621981 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Touching lines again.
You know it is technically always touching a certain trend line, right? It all depends on how you choose to draw one: the degree of the polynomial and the points you choose to include in the equation (or the randomness if you draw lines by hand).
Yes, that particular one seemed fairly important line based on past performance. We are now below it. I'm just saying the Chinese traders (and probably others) seem to follow the important looking lines and when one gets broken to the downside they dump. They also buy in the other direction. And there may be little else going on at the market right now.
I'm just not sure if these trendlines can be trusted. The market may be fooling itself by following it's own tail.
18.
Post 9622177 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Major dump time?
Dunno, we'll see.
19.
Post 9622310 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
still at the support line, hope its rising again.
Well, that triangle wasn't scary enough, but so far I have others.
20.
Post 9622530 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Not sure what triggered this line touching. Low volume?
21.
Post 9622622 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Not sure what triggered this line touching. Low volume?
testing bull support
im dont know what to do, should i short few btc or stay...
I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.
22.
Post 9622682 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Not sure what triggered this line touching. Low volume?
testing bull support
im dont know what to do, should i short few btc or stay...
I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.
Never, EVER, short Bitcoin.
Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)
23.
Post 9622760 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Not sure what triggered this line touching. Low volume?
testing bull support
im dont know what to do, should i short few btc or stay...
I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.
Never, EVER, short Bitcoin.
Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)
Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.
But in a bear market, wouldn't the loss of potential gains of something in a limited supply outweight the risk of not shorting? Wait.. what?! %-)
24.
Post 9622934 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
So, if this turns out to be a bullish weekend, does that mean we are going to have a Monday crash again? That makes no sense to me, which makes it more likely, because this market usually does something that makes no sense to me.
(Well, to be honest I totally predicted the crash last Monday and bought some coins right before it, because I changed my mind.)
Oh well.. I will hopefully figure it out eventually. What I need most is more patience. I've been thinking for a while that in the current market one could make money simply by selling above 400 or near it and buying below. Yet I lose money, because I get jumpy.
I'm not sure how long the current market lasts, though.
25.
Post 9623911 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
China went to sleep and TA looks bad. Traders about to panic?
edit1: Apparently maybe not?
edit2: No crash, very little volume?
edit3: So I suck at TA. Maybe it points up after all:
edit4: Wait.. hey, it's a bearish pennant!
edit5: Stop trying to break my TA, market.
edit6: But seriously, it looks bad. It might be an actual multihour bearish pennant. Cheap coins.
edit7: Meh.. it could be just continuation of the uptrend I guess:
edit8: I was right about the bear flag. Or maybe the bots sold, because it looked like a bear flag.
26.
Post 9631775 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.34h):
Will this rally break the bearflag?
27.
Post 9641214 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.35h):
Take a look at the longterm trend
Can I trend troll too?
28.
Post 9683438 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.36h):
There was talk about OKCoin taking on some major hedge fund trades -- supposedly something like $3 billion. However, it turned out that, although they were using OKCoin's platform, they weren't looking to trade in Bitcoins.
Yeah, JorgeStolfi has confirmed this several times.
29.
Post 9785594 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
I don`t understand this dump, what are your theories men, an uptrend breakdown?
Only if the shiny line of magic breaks.
30.
Post 9786002 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
What do 't you understand exactly. This is the same thing that's been going on since earlier this year. A bunch of people doing everything they can to take the price down. As if their life depends on it. And they won't stop till we reach 0.
And why will they do this?
To get more fiat?
31.
Post 9786610 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
Price is dropping. I thought after the second bounce that we will keep rising for now.
There is a trendline involved. If it gets broken, we might see some trader buying.
32.
Post 9786958 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
I thought we would bounce to $360 atleast
guess not?
Nope, it looks like OKCoin is breaking the uptrend from ¥1806 already.
Edit: ...or they just continue hovering in that general area...
33.
Post 9787861 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
Did Mr. M come to play or did China just get exited over a double bottom?
I guess I'll just take credit for totally predicting this:
There is a trendline involved. If it gets broken, we might see some trader buying.
34.
Post 9788978 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
So.. there is resistance in the blue zone, but will it stop the crash?
35.
Post 9797717 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
Huge rally soon?
No?
36.
Post 9797778 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
This is what TA looks like.Who cares what it looks like. Traders are into this shit!
37.
Post 9798622 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
Huge rally soon?
No?
So far the huge breakout has been somewhat underwhelming, but in all fairness it is past the midnight in China and they probably all fell asleep on their keyboards.
38.
Post 9803629 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.38h):
WTF is this shit? SRSLY?
I guess the hedge fund is buying again.
edit: Trendline broken. Seems legit.
39.
Post 9818525 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
I don`t understand this dump, what are your theories men, an uptrend breakdown?
Only if the shiny line of magic breaks.
The market seems to like the shiny line of magic.
40.
Post 9855132 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
I don't like Wanderer's trendlines. I prefer these:
They look pretty much the same, though.
41.
Post 9855434 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)
It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.
It's how markets work.
42.
Post 9857123 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)
It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.
It's how markets work.
So current price is determined by the price of 2 to 3 years ago?
All i'm saying is traders draw these lines on their charts and make trading decisions based on them. And those trading decisions do have a considerable effect on the market, but I think ultimately other factors determine where the prices go.
43.
Post 9857574 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
Congrats on being the
second worst thing ever.
So how much can Putin afford to pay you per post?
44.
Post 9866357 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
Is there any obvious reason as to why BTC are crashing atm?
Trendlines.
There was hope we might stay above the shiny line. Then it died.
I don`t understand this dump, what are your theories men, an uptrend breakdown?
Only if the shiny line of magic breaks.
The market seems to like the shiny line of magic.
45.
Post 9866508 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.39h):
We got some dark times ahead of us.
It was the uptrend line at OKCoin. If it would have held that would have been bullish. Probably more bullish than is reasonable to expect straight from the bear market.
But I guess some expected it would hold and they are now panicking.
I thought we would bounce to $360 atleast
guess not?
Nope, it looks like OKCoin is breaking the uptrend from ¥1806 already.
Edit: ...or they just continue hovering in that general area...
46.
Post 9879113 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
OKCoin died. Time to rally.
47.
Post 9879598 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
Seems there is an organized attack against btc, including but not limited to price manipulation.
Any hint who is behind it?
The spirit of MtGox from the beyond?
48.
Post 9880120 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
that
BTC500 wall on OK coin eaten in 1 bite
I guess the manipulator who left it there wanted to buy it before anyone else gets the chance.
49.
Post 9892389 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
They are giving away free bitcoins? How could that possibly not be bullish?
50.
Post 9892959 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
Weak, bulls... Weak.
You Bitcoiners ready for some moon? Everyone aboard and strapped in?
Make up your mind.
51.
Post 9893044 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
bought 120btc at $315 i hope we will go up soon
Well, now is probably a good time to sell.
52.
Post 9897508 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
The orange line of evil is back!
I don't like Wanderer's trendlines. I prefer these:
They look pretty much the same, though.
53.
Post 9897797 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
Do you think the price crash was intentional to make whales get Bitcoin cheap?
Not impossible. In addition to the other whales there could be a large hedgefund on OKCoin (and other exchanges) buying bitcoins. Their definition of buying probably entails several crashes.
54.
Post 9898874 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
On average I do think bitcoiners have a bit more understanding of what Bitcoin is and have other reasons for getting into it besides hoping it goes up.
Does that include the Chinese traders?
55.
Post 9900630 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
56.
Post 9907284 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
Also, the short-term uptrend and the medium-term downtrend lines are just about to cross...
What matters is the orange line of doom at OKCoin.
edit: ...which seems to be the line you were talking about.
57.
Post 9907437 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
we're scraping the long-term trend bottom. If it comes off all the bets are off.
This one?
sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)
It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.
It's how markets work.
(Just to be clear, I wasn't the one saying we will hit $220.)
58.
Post 9907926 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
The doomline wins again?
59.
Post 9908940 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
pries is crashink
is it ok?
It will be 8 am on a Monday in China in three hours and they don't have Christmas holidays AFAIK. Depending on the Chinese traders now may not be a good time to sell.
60.
Post 9909045 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
It will be 8 am on a Monday in China in three hours and they don't have Christmas holidays AFAIK. Depending on the Chinese traders now may not be a good time to sell.
Bro you are reasoning with a NotLambChop™ Sockpuppet lol
Well, it works as a general comment too. Some people seem to be selling on Bitstamp. It's hard to say where this is going though.
61.
Post 9915087 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.40h):
It will be 8 am on a Monday in China in three hours and they don't have Christmas holidays AFAIK. Depending on the Chinese traders now may not be a good time to sell.
Bro you are reasoning with a NotLambChop™ Sockpuppet lol
Well, it works as a general comment too. Some people seem to be selling on Bitstamp. It's hard to say where this is going though.
The general consensus seems to be down
Well, your generals were wrong. However, I don't think this rate of rise is sustainable.
62.
Post 10027359 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.43h):
We appear to be staying in the downward channel or whatever it is.
edit: Or maybe below it, at this rate.
63.
Post 10100684 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.45h):
I think we'll crash. We've run out of bad news and everything looks fine. That's when the market always gets bearish.
64.
Post 10101802 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.45h):
There is absolutely no guarantee there will be a price increase again.
Back in the early days bitcoins actually came with a slip of paper titled "Guarantee of Price Increase" signed by Satoshi Nakamoto.
via Imgflip Meme MakerI changed my mind after I realized ShroomsKit was saying the same old stupid stuff to someone else saying stupid stuff. So I guess I should have just let it be and made popcorn.
65.
Post 10103297 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
If Bitstamp is back with improved security and no one got Goxed, why are we going nowhere but down?
It's Saturday. People need to sell their coins on Saturdays in China. It's a local custom.
66.
Post 10111083 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
more likely the whole fiasco just shook up people's confidence even more. after this sideways correction plays out, lower lows will come imo.
My problem is getting into the head of the regular (nowadays often Chinese) Bitcoin idiot investor.
I'm thinking: "Stamp got hacked. *Yawn!* It happens. This is Bitcoin after all. They took some time to make themselves harder to hack again, which is responsible. All in all they handled the situation reasonably well, which is cautiously bullish."
Who knows what the idiot investor is thinking. Maybe: "OH NOES HAX!!!11 GOXGOXGOX!!1 *Runs in circles!*"
67.
Post 10115416 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
68.
Post 10115491 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
That's assuming that many of the Chinese coins on exchanges are real in the first place.
Well, if they are not real then less coins need to be bought.
69.
Post 10115671 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
Ultimately I think the only way to stop the constant crashing is if the international buyers find enough interest in bitcoin to buy a large chunk of the coins back from China.
That's assuming that many of the Chinese coins on exchanges are real in the first place.
Well, if they are not real then less coins need to be bought.
Yes... but I really don't trust their audit. No additional info about the audit... only words.
http://www.coindesk.com/okcoin-reveals-btc-reserves-104-chinas-exchanges-undergo-audits/I meant, buy the coins that arrive on Stamp and Finex whenever China dumps.
70.
Post 10116239 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
Hmm i've expected a much higher demand at these levels
seems like no one wants to trade at these prices.
It's a weekend and Bitstamp is likely to have a fiat shortage right now. I don't get why China thinks a weekend is a good time to dump aside from manipulation.
71.
Post 10125750 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.46h):
Any idea why China is so bullish now? There was that news about Taiwan but still?
Random mood swing?
72.
Post 10172632 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.50h):
So, is this at least partially why BTC has been crashing? How bad is this? Has it been priced in already?
Good news: Ripple died.
73.
Post 10284549 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
This is why the traders do not know whether to buy or sell:
74.
Post 10284733 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
This is why the traders do not know whether to buy or sell:
this buy signal..., we are breaking the trendline
Yeah, unless we crash back below it.
75.
Post 10289994 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
"Sideways" means down, because we follow the line.
This is why the traders do not know whether to buy or sell:
76.
Post 10290365 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
"Sideways" means down, because we follow the line.
This is why the traders do not know whether to buy or sell:
Not necessarily. We had sideways in April/May 2014, second half of June 2014 and October 2014, all followed by going up. Not to the moon, but it allowed for profits.
No, I meant "sideways" is down. I think if we won't rally or crash, we'll just go downward slowly, following the trend line. I could be wrong of course.
77.
Post 10290527 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
I know what you meant. Just saying that's not always the case, no matter how many lines you draw on that chart.
I didn't say we cannot go up. I just said until something noteworthy happens, we'll probably keep inching downward, not sideways.
I don't care about the lines. I care about the traders and I think they want to see if the market will go above or below the line. Until either happens, I think they'll just keep following it and it's going down.
78.
Post 10291669 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
WTF Just happened?
Did China ban bitcoin again?
?
Yes, at 3 a.m.
http://www.timeanddate.com/time/zones/cst-china
79.
Post 10293177 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.54h):
Is this going to crash now? How did you know?
80.
Post 10313318 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
Bitstamp used to be bullish before the hack. Now they seem to be bullish again. Have they simply returned to the norm or is there something else going on?
81.
Post 10313373 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
Bitstamp used to be bullish before the hack. Now they seem to be bullish again. Have they simply returned to the norm or is there something else going on?
They are going to be "hacked" again then...
That makes no sense, but whatever.
I just thought they might be recovering their usual customers, whoever they are.
82.
Post 10314978 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
Chinese exchanges going
retard full rational bear, again
Fixed.
There's no rationality quite like the full rationality that suddenly strikes you slightly before 6 am on a Saturday morning in China.
edit: Oops.. 8 am. Still pretty early.
83.
Post 10314995 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
someone is cleaning up in futures with these $5-6 dollar swings
By someone, do you mean the owners of
BFX OKCoin?
Fixed.
84.
Post 10315634 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
More large dumps at OKCoin.
85.
Post 10315651 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
some one is trying their god damn best to crash the market but it just isnt happening lol
It looks more like they are trying to get out above 1400 CNY before it crashes.
86.
Post 10315823 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artificial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.
It looked like a single seller, but they seemed to be targeting 1400 CNY. I'm not saying the price will crash, just that they seemed to be panic selling. It looked like something someone would do when they want to sell a large amount above 1400 in a hurry. They could have been buying it up to get others to set bids before their next dump.
It could be a manipulator trying to look legit, I guess, but I think they would rather pretend to be multiple small sellers.
87.
Post 10332298 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
I can say, and I am responsible for what I am saying, that the bears have started to commit suicide under the walls of the bulls. We will encourage them to commit more suicides quickly.
88.
Post 10334468 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
Whatever traders want to happen happens.
Well, it doesn't cost that much for a rich guy to paint the tape...
89.
Post 10340314 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.55h):
What's happening?!?
Nothing. It's just a random pump for no reason. Sooner or later there will be a random dump for no reason. Maybe they'll fabricate some news to go with it. You should sell when the news is officially out.
90.
Post 10345052 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
So, is it time to go below 200 USD now?
91.
Post 10345224 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
If we can stay above 1350 CNY (and rising), things would still look bullish. However, this market likes to break all upward trend lines, so I wouldn't count on it.
92.
Post 10345566 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
This is about to drop. The only question is how much.
93.
Post 10349961 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
This is about to drop. The only question is how much.
you are bad trader, so I guess you mean we will rise.
right?
I sold before the rise, so I'm a bad trader in any case.
94.
Post 10352110 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
We will fall below the rising line sooner or later (probably sooner). I would recommend keeping some fiat around for when that happens.
95.
Post 10361785 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
It's bad news, so it should push the price up.
96.
Post 10361961 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
It's bad news, so it should push the price up.
Big red dildo coming just for you
I was kidding. Unless it goes up. If that somehow happens, I was serious.
97.
Post 10372553 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
Might want to close that back up. back to 218 now.
Back to 220. Open it again.
98.
Post 10373025 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
This dump seems completely random.
99.
Post 10378718 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.56h):
It looks like the only people interested in buying bitcoins at this point are price manipulators and they are not even successful anymore.
100.
Post 10382867 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.57h):
The problem with becoming accustomed to a trend is that it takes time to break it.
The trend doesn't look like it's breaking or slowing down at all.
Unless you meant to say it's about to break down...
The only bullish thing I see is that the 2015 crash
might have been caused purely by the Bitstamp hack and the price
might be slowly recovering.
101.
Post 10393329 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.57h):
The weekend pump isn't very impressive.
102.
Post 10393377 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.57h):
Who said there always has to be a weekend pump or a weekend dump?
A lot of people.
(At least for this weekend.)
103.
Post 10394821 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.57h):
Is the market stalling?
104.
Post 10430651 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.58h):
There are no traders dumping at this price. Any coins sold come from miners or more likely Bitpay vendors.
I'm pretty sure this was a bear raid or price pumpers dumping. No reason for a legitimate seller to suddenly dump when there are apparent large buys going on (on Bitstamp).
105.
Post 10430732 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.58h):
I'm pretty sure this was a bear raid or price pumpers dumping. No reason for a legitimate seller to suddenly dump when there are apparent large buys going on (on Bitstamp).
Whale sells a small amount at market to incite panic/hit stops, lemmings sell into his walls = instant long position at lower average price than he would have gotten buying higher up, where he risks slippage and aggressive selling into his buying. At the same time it gives a false impression as to the direction of the market.
Yes, that's pretty much what I meant by bear raid.
106.
Post 10449712 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.58h):
This is why the traders do not know whether to buy or sell:
this buy signal..., we are breaking the trendline
Yeah, unless we crash back below it.
Well, we are back above it.
107.
Post 10491315 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
my reading of TA is showing me a bear flag to a max of 265... positioning accordingly
Maybe it's just me sucking at TA, but I don't trust the flags. The smallest ones act predictably. The larger ones do whatever.
108.
Post 10491549 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
Does this buy mean OKCoin is pumping to the moon again?
109.
Post 10491901 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
Does this buy mean OKCoin is pumping to the moon again?
Yes, we are heading to the moon again. btw at what point do we reach there ?
I don't know. I guess we are there when we start the return trip back home.
No one has told me what the distance of the Moon from Earth is in dollars.
110.
Post 10501465 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
just a trap
It looked like someone surprise dumped 1000 bitcoins or so on Bitfinex.
111.
Post 10510858 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
Sure is deserted here, gentlemen. Is this how it all ends?
Yes, it will be just you, YourMother and NotHatinJustTrollin trolling each other for the rest of eternity.
And ChartBuddy will be posting broken pngs. I can see it now.
112.
Post 10511941 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
The tradebots have been defending their trend line. Will they switch to dump mode soon?
113.
Post 10514561 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
B-b-b-but 'bitcoin is dead' / 'sub 100' / 'single digit coins' .
Beartards.
Price drops $10 yesterday, it's a trollbearfest.
It pops back up, conspicuous by their absence.
Maybe the 50 cents per troll isn't a flat rate. Maybe they get more when the price is dipping.
It's possible some of them are here to troll the bottoms, so they can better close their shorts or whatever they do. I wouldn't recommend investing based on their advice.
Line breached. Going to retest $215-$220 pretty soon.
It's just a matter of time before it crashes again.
I'm not saying that line will hold, but it hasn't really been breached yet and this was posted at a local bottom by a person who only ever talks bitcoin down.
114.
Post 10515745 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.
Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.
115.
Post 10517836 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
Can someone explain this shit to me. The price looks stable. Then someone buys ~600 BTC on Bitstamp. Then OKCoin crashes. Why?
Does the price swing confuse the bots?
Does the price swing trigger trailing stops?
Did the pump and dumper's target price get hit?
I've seen this happen before and it does not make sense to me:
bullish market ∧ large buy → panic selling
116.
Post 10517970 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
bullish market ∧ large buy → panic selling
Panic selling or taking profits on small dollar differences on margin?
Yes, but it crashes below the starting point. Stable price → large buy → crash below the stable price.
edit1: Looking at it again, the OKCoin upswing started before the Bitstamp buy, so it wasn't as simple as I thought. Maybe it was normal price action. I thought it was triggered by arbitrage.
edit2: Also the volume is greater on OKCoin, so never mind.
117.
Post 10518078 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_13.59h):
Can someone explain this shit to me. The price looks stable. Then someone buys ~600 BTC on Bitstamp. Then OKCoin crashes. Why?
maybe just coincidence?
Looking at it closer, the Bitstamp buy may have been just a panic buy because of the OKCoin upswing and perhaps didn't affect it too much.
118.
Post 10596278 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.00h):
But it always comes down
faster than it goes up...
Okay, the MS pump didn't.
119.
Post 10603437 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.01h):
It's funny how these bullish chart patterns are painting themselves in the middle of the Chinese night on the CNY side of OKCoin while all the other exchanges look like they are asleep. I guess this will keep going up in an automated fashion until someone pushes a button.
It's also funny how you cannot even really see the walls of the CNY side of OKCoin on charting sites.
120.
Post 10619719 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.01h):
I guess this will keep going up in an automated fashion until someone pushes a button.
I guess the button was pressed.
121.
Post 10675856 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.02h):
We've been above or out of the long term down trend as of March 1st from what I'm seeing. So it's only been 4 days, so could just be a 'false break' or it could be the start of a trend reversal. It would only take a drop to $245 ($22) to be back into the bear trend.
You are seeing linear things.
122.
Post 10686868 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
-Very low Bid Sum on all exchanges:
Check
What's so bad about it?
123.
Post 10687556 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
I guess linear trend lines are worth keeping an eye on. They seem to correlate with some events.
124.
Post 10687632 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
"some events". you can always draw some lines somewhere and find "some events"
That's true. The important question is if a substantial number of traders are making decisions based on linear trend lines or not. I'm not sure at this point.
125.
Post 10687755 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
To me it looks like we broke over these lines. Let's move on people it's a new day for Bitcoin!
We did, but I don't consider it very notable.
Breaking these lines would be notable:
126.
Post 10688198 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
My theory: The prediction works because people make decisions based on some weird number-juggling lines which eventually confirms the prediction... maybe. If not lines are redrawn. Even from a math background I don't understand how you expect to predict the future based on the past of a mostly random system?
That's my theory too. I just want to know which lines those people base their decisions on, because they have money and are buying and selling bitcoins.
In the case of the major downward line, though, if it gets broken, then it is self-evident that the crashing is at least slowing down. This would be a positive sign, because the market isn't completely random, but self-reinforcing. Less crashing can lead into even less crashing and eventually an uptrend.
127.
Post 10689677 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
Drop to $250? Anyone?
I think this will keep going sideways for a while.
128.
Post 10692177 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
It looks like China is sleep buying bitcoins again.
129.
Post 10693602 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
Bitfinex broke up from the triangle, but OKCoin didn't from similar but somewhat different triangle.
130.
Post 10693731 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
Yes. Probably, if OKCoin follows.
131.
Post 10693872 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
Apparently OKCoin isn't OK with this rally.
Bitfinex:
OKCoin:
Bitstamp seems to side with OKCoin as far as the trend lines go. Coinbase and Huobi side with Bitfinex.
132.
Post 10698554 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
The OKCoin triangle will break in some hours.
There are larger triangles, though, so $290 seems more likely than $300.
133.
Post 10700849 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
The OKCoin triangle will break in some hours.
OK, the triangle turned out to be boring.
Maybe I should have drawn a bullish pennant instead?
This being bitcoin a bullish pennant might crash.
134.
Post 10701131 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
Maybe if enough people are adhering to their wonderful squiggly lines it becomes something of a self fulfilling prophecy.
It does.
135.
Post 10701339 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
I guess we can all agree that TA is wrong, because I made a silly assumption about the importance of a trend line.
As you can see, the small drop was completely consistent with previous events. There was no reason to expect a larger drop suddenly.
(That one red spike I'm ignoring seems to be some kind of a fluke at Bitcoinwisdom or OKCoin.)
136.
Post 10703211 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
So.. is there support between 1690 CNY and 1630 CNY?
137.
Post 10708369 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
I'm amazed at how people take triangles on charts seriously.
It's because this happens.
138.
Post 10713674 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
OKCoin is near breakout.
Bitfinex is slightly further away.
I suppose there will also be resistance at $300, because round number and Spartans.
139.
Post 10715177 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
buy pressure seems to be abating. opened a small short with a tight stop.
OKCoin stopped below the 1797.1 CNY top and Bitfinex stopped below the 291 USD trend line, but this could well develop into a bull flag and we could see another jump later.
140.
Post 10715405 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
Well, that was quick.
141.
Post 10715478 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
I really don't expect this to drop very much with all these resistance to support lines below us, but we'll see.
142.
Post 10720012 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
I really don't expect this to drop very much with all these resistance to support lines below us, but we'll see.
So, there were two drops, which bounced back up from the previous 1797.1 CNY top at OKCoin. Then the market had some trouble crossing the 294 USD top at Bitfinex to the upside, but is above it now.
143.
Post 10726305 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.03h):
And I thought placing an ask at 300 USD would have been a bad idea.
144.
Post 10754753 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
It looks like we might be staying in the channel for now.
Oh, wow! We just dropped a bit, not out of the channel, but something actually happened a little.
145.
Post 10754915 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
Is this connected to
Tether? I thought something like this might happen.
Edit: I guess not, but Tether is also supposed to do this sort of thing.
146.
Post 10763412 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
It looks like we might be staying in the channel for now.
That didn't work out too well.
To me it looks like the price crashed from the channel and bounced from the 1797.1 resistance.
I don't know what to expect next.
It could drop again or not.
147.
Post 10763445 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
The reason is that if we just flew by 300 idiot traders would just sell us back down.
Shroomskit, is that you?
Lol... I guess I should have said bad traders.
I wish I had done that.
148.
Post 10764300 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
All the buys that are happening on Finex are on margin it's not good and it's not healthy.
Holy shit lol! People are opening longs through the dumpage. Unheard of!
$21.6 millions in longs right now.
A few months high.
NotHatinJustTrollin appealing to reason: bullish
Line breached. Going to retest $215-$220 pretty soon.
It's just a matter of time before it crashes again.
Did you listen?
Whoa big drop all of the sudden! What's going on?
Since when is a 10$ drop a big one? Btc was boring for last 2 days and big traders decided to make some money... Simple as that. Back to 245$ in next few hours, there is to much shorts and people will start closing them if this doesn't drop lower in an hour or two
Don't think so:
A few more dumps and the line will be totally breached.
It's over. Get out.
Feel free to ignore that advice, hodl and lose tho.
-Weak pump that can't even touch $300:
Check
-Lots of longs on bitfinex despite price not moving much and looking toppish:
Check
-Very low Bid Sum on all exchanges:
Check
Euphoria from the bulls at the top of the pump talking about buying boats:
Check
149.
Post 10766607 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
How low are we going to go on this dump?
We could have hit the bottom.
150.
Post 10771842 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
So, you are saying we are going down? I'm not even trying to figure out the charts, I'll just go by the username.
151.
Post 10772070 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
OKCoin has been hugging an upward trend line. That's bearish, but it could be just a weekend thing.
We could crash to the lower line, which I suspect might be less solid, because it has been tested less.
Or we could go up, because whatever.
Edit: Oops.. fixed the chart to what I intended to draw.
152.
Post 10772388 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
This post suggests Wandererfromthenorth thinks it's going to get worse before it gets better. Most of the chart guys are talking about it going down.
To my recollection Wandererfromthenorth has been consistently bearish, maybe not quite a permabear, but fairly permabearish anyway.
153.
Post 10774439 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
Everything is just fine, apparently.
154.
Post 10774932 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
Is this NLC?
“Chris figured out that he could make profits not only investing in Bitcoin but in hedging against Bitcoin. That means that he invested in the chance that virtual currency would drop in price and become more worthless. When that happened in 2014, Chris walked away with a lot of real cash in his hands.”
155.
Post 10779195 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
The current situation looks more volatile on BTC China and Huobi than on OKCoin.
BTC China
OKCoin
Huobi
156.
Post 10779631 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
The triangle definitely looks more bearish on BTC China. If the bottom fails OKCoin may give some resistance slightly lower. (The poor dollar traders will surely follow whatever our renminbi overlords decide.)
157.
Post 10780992 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
This user is currently bored.
Such fast-paced action. Of late
pfff!, Bitcoin reminds me of the
Boston Molasses Disaster.I mean, yeah, disaster, but also molasses... Everything going horribly wrong ...in slow motion.
The price was below $250 back then. And things didn't go horribly wrong, unless you were a bear.
158.
Post 10782758 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
Why do all the bears keep saying that we didn't break 300 after X attempts? WE BROKE $300 ON BITFINEX!
It's not a breakout, if it gets sold back down (or gets bought back up) almost immediately.
By the way, imminent breakout?
159.
Post 10792297 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
BTC China is having a serious case of a triangle.
Closeup:
160.
Post 10792448 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.04h):
There's still a chance this could break down and fill in below $280, which opens the door to breaking the rising bottom trendline at $260.
What if our renminbi overlords laugh at your flimsy dollar line?
Edit: And I think you are talking about a linear line. You've found the lowest and probably the least important one of all the rising bottom trend lines. If we hit it, we've already broken through all the other similar lines, so it may not offer much resistance.
161.
Post 10805373 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
When is the COIN 'Winkledouche ETF' likely to get approval or is it set to fail?
I think
GBTC is a more prevailing subject.
162.
Post 10805464 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
We are very close to breaking the uptrend in the people's currency.
163.
Post 10811986 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
BTCunches of BTCitcoins are always stolen. Like clockwork. And who needs a clock to trade Bitcoin anyhow? It's always time to sell.
I've always been amazed by your ability to always make money by always selling bitcoins and never buying any (to close your shorts).
164.
Post 10812255 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
I've always been amazed by your ability to always make money by always selling bitcoins and never buying any (to close your shorts).
Ha, well he's more of a troll and is completely against Bitcoin or unregulated assets in general. The high rate of failures and scams (which are bad, but natural given the unregulated nature of BTC) foster his cognitive dissonance what this is concerned even further ^^
What I said applies to the bear trolls in general. They always claim the price is going down and disappear during upswings. Either they are pure trolls only interested in annoying people or they are secretly buying when they are trolling he most.
165.
Post 10812465 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
What did you say? I don't care about you enough to remember this stuff.
166.
Post 10813231 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
We are clinging onto another trend line (this time on Bitfinex). It could hold, but I do not see any reason why it would do so better than the others.
BTC China
OKCoin
Huobi
Bitfinex
167.
Post 10814306 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
That was just Bitfinex going from the logarithmic line to the linear line, apparently.
168.
Post 10816984 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.05h):
There is probably some amount of support somewhere around here:
OKCoin
Bitfinex
169.
Post 10861949 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.06h):
Yeah, there's a weird mood here though...
There is just one bear spammer and it is buying. Non-seriously of course.
I simply repeat, for th Nth time, that I haven't done any serious trading for over a year.
It is doing very serious posting from multiple accounts, though.
170.
Post 10862253 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.06h):
The Grand Unified Theory of "why bad things happen to stupid people":
"It's all done by one guy. We haz 2 pioneered some disruptive technologyz to banned he!!1"
Well, Stolfi isn't you. Some of the quieter bears are not you either. YourMother might be your role-playing account, writes slightly differently and posts slightly different images.
171.
Post 10862342 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.06h):
So 2-3 guys on Bitcointalk have successfully imploded the BTC price?
I don't know what your impact on actual price movements is. Maybe you actually convinced some guy to sell once? Who knows.
172.
Post 10863130 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.06h):
Sadly, I think that the harder trolls on this forum have some kind of cascade effect. Especially all those lambs...
lol if you think anything anybody posts in this forum, especially in this thread has any effect on the price.
Well, they can have a minor effect. This market is so thin and jumpy that some hundreds of bitcoins can cause a big splash on some days.
173.
Post 10896243 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
Do bears not read the news? Who in their right mind would sell right now?
Did you miss the memo? You always dump on good news!
174.
Post 10896875 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
I guess the odds are good we go down from here?
OKCoin:
175.
Post 10897290 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
BTC China (and Huobi) may still give support.
176.
Post 10917952 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
we can't say that nothing happened.
Nothing happened.
OKCoin:
177.
Post 10918634 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
I guess the weekend pump is over.
178.
Post 10919183 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
Someone market bought 2000 coins on Bitfinex.
179.
Post 10919299 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
Apparently some bad trader went full retard leveraged long.
Do you know it was a long? Anyway, I'm not that bad trader, unless they intend to buy much more, but I wouldn't count on it.
180.
Post 10919644 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
Apparently some bad trader went full retard leveraged long.
Do you know it was a long? Anyway, I'm not that bad trader, unless they intend to buy much more, but I wouldn't count on it.
Nope, it was just a joke post m8, no offence. Someone just might have gone short, it would be more wise.
No problem, I was just saying I wouldn't market buy 2000 coins with 10 dollar slippage. Then again, I've never tried to buy 20k coins, so maybe with that kind of money I would consider market buying 2k.
And I was asking if you saw something suggesting it was a leveraged buy on BFXdata.
181.
Post 10919807 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
Okay, yeah. Wasn't sure where that exact chart was and didn't look too hard. Thanks.
182.
Post 10926251 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
Where did this bs pump come from? It's a waste. No matter how high the price goes, the non-believers/whales/manipulators/sadists are going to keep pushing it down.
What if it came from the same non-believers/whales/manipulators/sadists?
183.
Post 10926395 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.07h):
I think it's risky to trade until GBTC trading begins. I do not know how or if it will affect the market.
184.
Post 10941454 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.08h):
Why can't Bitcoin be more like Monero
As far as I recall, NLC didn't like it when Sitarow first spilled the beans on this laundering thing. Is NLC a money launderer or something?
185.
Post 10941914 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.08h):
He's talking to himself again.
186.
Post 10948173 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.08h):
I don't see this staying above $240 for long, unless this goes above $260 soon.
187.
Post 11115665 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.11h):
Why is Bitfinex so bearish compared to others?
188.
Post 11116266 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.11h):
What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
189.
Post 11116541 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.11h):
What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?
It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation. They could haircut everyone, including exchange accounts, or go gox for all I know.
190.
Post 11116597 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.11h):
What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?
It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation.
They could haircut everyone, including exchange accounts, or go gox for all I know.
Dont be silly.
They shouldn't do that, but how would I know what they plan to do? Maybe they'll flee the country with all the remaining customer money.
191.
Post 11117016 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.11h):
Why are many of you suddenly concerned about a long squeeze?
I've been concerned about it for a while. There are 25 million dollars of longs on Bitfinex. That's over 100 thousand bitcoins that need to be sold at the current price to close them. There does not seem to be bids for that many coins on all the exchanges combined at any price. And if the price goes lower,
more coins need to be sold.
The other posters are paid by NotLambChop to talk about this.
edit: Some of those longs might be in altcoins, I guess, but if even half of them are in bitcoins, it still seems excessive to me.
192.
Post 11188804 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.12h):
Anyhow, monkey sees 2-3 hours of downside intraday, followed by another attack on resistance at 237 on the daily chart, which seems likely to succeed this time; but, 296 is almost certain to hold, if it is even achievable before the run down to 180 which monkey expects on the weekly chart.
I'm not impressed.
193.
Post 11189142 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.12h):
It looks like we failed to breach this line for now. We could go lower, but I don't know how low.
Bitfinex:
OKCoin:
194.
Post 11282654 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.13h):
Alright, now we're back over $239, is the support line from $213 save again or is it still "destroyed? These are two support lines I'm watching at the moment, still valid? - What's your opinion:
I'd say it's pretty valid, when it looks like this at OKCoin:
195.
Post 11291453 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Trading activity is picking up with the Ask closing on the $50 top Bid....
MPID Ask Price Size Date/Time
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
The zero volume trading activity?
196.
Post 11291509 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
We are talking about the newbie account who posted the granny porn pics, he deleted them now (or the mods did).
It seemed to be NLC. I think the guy needs some meds with his mods.
197.
Post 11291624 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Back on topic, anybody has ANY idea why there's so much difference from GBTC to the other exchanges?
Because no-one is selling! Less than 100 BTC worth of shares has actually been sold by the original investors so far. It could be because they are still struggling to transfer their shares or because they are not interested in selling.
198.
Post 11291673 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Granted not seen much traded today (volume says 0) but Asks going up is more activity than we saw last week and a positive sign that more shares and being offered up to be traded. Offer volume is needed before we can see trading volume.
The asks today (so far) could be the yesterdays shares being offered at crazy prices.
199.
Post 11292180 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
I mean, what's going on with GBTC... $550/BTC? Seriously? How come it's not moon time, already. This only leaves on conclusion in my opinion: Wall Street money just doesn't want to do anything with the current exchanges we have (Coinbase, Finex, Kraken, Stamp,...). They want something "official", secure, insured, whatever. Preferably an investment vehicle they're familiar with... An ETF, you know?
Why do people find this so hard to figure out? Todays GBTC trading volume has been 300 shares. That's roughly 30 bitcoins. Try going to Bitfinex and market buy 30 bitcoins. Does the moon time begin?
200.
Post 11292726 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
But the volume doesn't matter, in my opinion. The shares did change hands at those prices. That's what matters.
The traders on the actual bitcoin exchanges have little reason to care. Someone could sell 50000 GBTC at $35 and buy 5000 BTC below $350 on bitcoin exchanges, but that seems to be where GBTC's ability to affect the prices ends at the moment.
201.
Post 11292929 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
The important factor is how much demand there is for any ETF. People are watching GBTC carefully as it is first out of the gate, and any price increase in the BTC cash markets will reflect speculation on future demand for paper Bitcoin securities, and won't be a reflection of the actual price traded (since there's not enough volume for consistent arbitrage). So perception of high demand is important for higher prices because the company owning the ETF will have to buy bitcoins on the open market to match it.
Yes, but low volume trading does not give the impression of high demand. However, in this case the demand is unclear, because the supply seems to be even lower. The reason for the low supply is unknown. It could be sellers are still waiting for their shares to get transferred or something.
202.
Post 11302568 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
GBTC follows NYSE hours to my understanding:
https://isthemarketopen.com
203.
Post 11302763 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
So, the total volume of GBTC has been 765 + 435 = 1200 shares and it looks like there might not be any trading today. That's 120 bitcoins. Since we know some of those trades were from people who had just bought and resold higher, we can conclude that there is maybe ~100 bitcoins worth of GBTC out in the wild (out of the hands of the original investors). In other words so far GBTC traders might as well be trading buttons with Bitcoin logo on them.
204.
Post 11305824 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Nice trolling. I thought this was a serious discussion. You got me.
It's NLC.
205.
Post 11305873 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
WTF are you trying to do, Finex?
edit: "you"
206.
Post 11305908 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
WTF are trying to do Finex?
Looks like someone turned up the volume...
This sort of "oh no, it's crashing, let's quickly buy it back up" thing rarely works very well.
207.
Post 11313433 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
It's alive!
208.
Post 11313481 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Yeah, it went up while I was cropping the images. I was too lazy to do it again.
209.
Post 11313499 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
210.
Post 11320832 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
The GBTC market is about to open. I'm not surprised if it continues crashing toward BTC parity.
211.
Post 11321201 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Just wait for 5000 btc to trade at 350
Looks like it's gone??
It seemed like that to me too, but now there is a higher bid by Maxim, which I guess would mask the lower bid. Isn't it fun to not see the full orderbooks?
212.
Post 11321288 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
GBTC broke its daily volume record already, now at 2,870.
213.
Post 11322544 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Don't quote NLC. It's against the policy.
214.
Post 11322739 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
NLC believing his own rubbish and caught short! Lol
If this keeps going up, he might lose his 2 BTC for real!
Thanks for that 1000 BTC long position that you opened for me which resulted in a 8000$ loss. Have fun with my 2BTC that i originally deposited, maybe 1 day they will become 8000$ and pay the rest of my "debt" at your gambling institution.
Thanks
One happy customer
215.
Post 11322929 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Ok, can you please elaborate some reasons for 320? I would like to hear your theory...
The big downtrend line is at about $300 on Bitfinex.
216.
Post 11323299 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
It seems like a swarm of trolls is instructed to head to the Wall Observer tread, as soon as the price moves a few dollars up or down, including Trollfi.
Wonder if something like a troll farm exists.
My favorite conspiracy theory is that NotLambChop is a group of people pretending to be a single person posting from multiple accounts.
217.
Post 11324459 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
The GBTC market is about to open. I'm not surprised if it continues crashing toward BTC parity.
The GBTC market should be closed now, although the average volume has not updated yet. GBTC definitely didn't continue crashing toward BTC parity.
edit: Didn't account for the 15 minute delay.
218.
Post 11324651 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
NotLambChop keeps spamming the same image from multiple accounts.
Here are a bunch of recent NotLambChops:
stoick
rmbku
UnholyTrinity
ricmi
Bummeryc
fakecovers
Gnppnx
niiisj
219.
Post 11324840 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Here are a bunch of recent NotLambChops:
stoick
rmbku
UnholyTrinity
ricmi
Bummeryc
fakecovers
Gnppnx
niiisj
Oh yeah, lowerlowlow goes to the list too. It was the original guy with the spammed image. I thought it was kind of sane the first time, so I gave it the benefit of the doubt.
220.
Post 11324994 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.
Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish?
If it stays above the OKCoin trend line, I'd say it will likely keep going up.
221.
Post 11346932 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
This seems to be the triangle, more or less.
OKCoin:
222.
Post 11349687 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
The GBTC market closed at 50 dollars per share with volume of 2756 shares (less than 275 bitcoins).
The volume was lower than Thursday's 2844. It remains to be seen if Friday's high volume was an anomaly.
223.
Post 11349852 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
Bad trader - thanks for this. I copied this over to the $GBTC Speculation thread. Let me know if you'd like me to remove attribution.
No problem.
224.
Post 11359102 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
The GBTC market closed at 50 dollars per share with volume of 2756 shares (less than 275 bitcoins).
The volume was lower than Thursday's 2844. It remains to be seen if Friday's high volume was an anomaly.
The GBTC market closed at 49 dollars per share with volume of 2286 shares (less than 225 bitcoins).
225.
Post 11359309 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
One thing to be sure about regarding the NASDAQ Stockholm Bitcoin launch next week is that no one will be selling coins there in the start, because it's not possible.
That sound just like GBTC. What do you mean exactly?
226.
Post 11359457 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.14h):
The price is consolidating. I think in 24 hours we will see a move. No idea up or down and i am not even guessing, just reacting to the market.
This seems to be the triangle, more or less.
OKCoin:
I think the triangle is still more or less the triangle.
Bitfinex:
OKCoin:
227.
Post 11369259 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
That is a weird stuff what is just happening o.0
Huge price drop out of nothing in 1 minute. Any explanation?
A whale decided to sell all at once or a bear raid?
228.
Post 11369386 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
It's funny how bear raids and LambChops appear together.
229.
Post 11369501 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
And yet ...they're right!
You are them!
230.
Post 11369524 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
I don´t know why people here are pissed off with NLC - at least he´s entertaing - those bull troll sock are only stupid.
I find him/her/it only annoying. And I wouldn't be surprised if it is a few bull trolls too.
231.
Post 11377850 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
The GBTC market closed at 45 dollars per share with volume of 19894 shares (less than 1950 bitcoins).
The previous volume record of 14807 on Friday was broken.
232.
Post 11378249 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
The volume was 20894.00 according to
FreeRealTime.com (1000 shares more than the OTCQX number).
Did you sum the actual trades? Even
this FreeRealTime.com page says 19,894.
233.
Post 11378727 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Noticed the dump happened around the same time as the one yesterday. Who here still thinks that a lot of this is not orchestrated?
The LambChops probably don't.
234.
Post 11378760 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
By the way, Bitstamp has had some weird action lately. I wonder if the manipulators are using it more actively nowadays.
235.
Post 11413454 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Someone keeps buying the dumps up. But why?
I guess it has to do with the nearness of the upward trendline.
Bitstamp:
236.
Post 11413597 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
-long-term-trendlines -no effect
Actually, I just said the line is probably the reason why nothing much is happening right now.
237.
Post 11413711 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Actually, I just said the line is probably the reason why nothing much is happening right now.
On your drawing it
has crossed the line.
Who cares? It's a big line. The market isn't in panic mode yet. Either someone believes it won't go much lower or they are trying to prop things up while completing a large sale outside the exchanges.
238.
Post 11413753 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Something's happening, its crashed back down to $234.5 now so it must be back below the line. Bitcoin's highly volatile again today.
If it goes below $233 on Bitstamp, it'll be below the lowest of these lines I've drawn.
239.
Post 11414094 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
The GBTC market closed at the all time low at 27.15 dollars per share (
~280 dollars per bitcoin) with volume of 4950 shares (less than 490 bitcoins).
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
240.
Post 11424002 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
The volume of
GBTC was less than 422 bitcoins today. The market closed at
~300 dollars per bitcoin.
The volume of
Bitcoin Tracker One was ~547 bitcoins today.
241.
Post 11426324 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Composite Operator:
She is hiding behind a puppet? Is that NLC? Everything suddenly makes sense. Even the granpa slash fiction NLC writes...
242.
Post 11426379 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Composite Operator:
She is hiding behind a puppet? Is that NLC? Everything suddenly makes sense. Even the granpa slash fiction NLC writes...
But then who's the squirrel?
It's someone buying bags of course.
243.
Post 11443009 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Bitfinex seems to have some fun glitch again.
It looks like it may have tricked some bots into selling.
244.
Post 11443118 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.15h):
Bitfinex seems to have some fun glitch again.
It looks like it may have tricked some bots into selling.
Doesn't show that on my screen.
It's not happening any more. It was like a small ask was appearing and disappearing way below the bids and there was some volume during that time and the price dropped a bit.
edit: I probably shouldn't have cropped this from my shot:
245.
Post 11494767 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.16h):
Where do I get a weighted price stability chart?
246.
Post 11514724 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.16h):
220 still magic number for now
Don't you mean 222? It's some good luck number in China and for bitcoin price manipulators.
247.
Post 11926080 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.21h):
btc-e down
bitfinex down
panic time soon!
Is it just me or are the price manipulators getting desperate?
248.
Post 11942900 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.21h):
Going up?
249.
Post 11945663 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.21h):
It looks like the market is committed to a crash, but is feeling too lazy to do anything about it.
250.
Post 12038531 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.22h):
The Bitfinex wall is just ridiculous.
251.
Post 12085889 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.22h):
It could have been just a stop loss cascade. Will the bears come out of the woods next?
252.
Post 12086064 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.22h):
It could have been just a stop loss cascade. Will the bears come out of the woods next?
That's what someone's hoping for. Ain't gonna happen.
Yeah, the selling has been pretty weak lately.
253.
Post 12086090 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.22h):
Oh noes! OKCoin is painting the tape downward!
254.
Post 12086233 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.22h):
China is at 1666. Does that mean bottom?
255.
Post 12093191 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.23h):
I had 1-minute charts open for OKCoin, Finex and Stamp, and the latter two definitely followed. Not saying OKCoin necessarily led, but it definitely looked to me like BTC/CNY leading BTC/USD.
It's ridiculous to follow the Chinese exchanges with their tiny walls. Of course the NLC team is going to dump its two coins there and drop the price by ten dollars. How does it work, really?
256.
Post 12093261 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.23h):
I had 1-minute charts open for OKCoin, Finex and Stamp, and the latter two definitely followed. Not saying OKCoin necessarily led, but it definitely looked to me like BTC/CNY leading BTC/USD.
It's ridiculous to follow the Chinese exchanges with their tiny walls. Of course the NLC team is going to dump its two coins there and drop the price by ten dollars. How does it work, really?
It's useful if you get a few seconds/minutes advance notice of what's about to happen over on Finex and Stamp...
Yes, but why does it happen? Traders do not follow BTC-e around much, although they have tiny walls too.
257.
Post 12093330 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.23h):
You do know that OKC only shows 5% of its order book to avoid 'price manipulation'
Please tell me you're not an actual trader without knowing this.
The walls they do show are pretty low.
258.
Post 12093389 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.23h):
OKCoin volume is pretty fake. It's funny to watch the Chinese exchanges trade at high volume without moving the price against much lower walls. And then suddenly there is a market buy or sell, and the price moves breaking through the walls, but the volume is still comparable to the earlier volumes with no movement. I guess those are the moments when an actual real trade happens.
259.
Post 12228073 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
This is all just a temporary setback, right? We'll be back at $320 in no time, right?
260.
Post 12228145 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
^bad trader?!
I have no clue what is going on.
Anyway, why are there bids at ItBit?
261.
Post 12228634 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
Things are looking bad. Even GBTC is finding new lows.
262.
Post 12239123 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
I guess the price manipulator wants to bust the shorts before crashing this lower?
Either that, or I was right:
This is all just a temporary setback, right? We'll be back at $320 in no time, right?
This goes where ever the wall guy wants until the suckers have been bled dry, as always.
263.
Post 12241560 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
Is Bitfinex offline or online? They announced being offline, but there are trades.
264.
Post 12241605 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
So, Bitfinex imploding is bullish, right?
265.
Post 12241796 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
Relax guys, they are processing withdrawals manually over at BFX. Your withdrawal order will be processed with great care and will arrive at destination sometimes this... year.
Or a few years later. Courts are pretty slow.
bitfinex being offline is bullish ..
It's processing trades, though.
266.
Post 12242322 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
What exactly is going on at Finex?
Have they come out with any sort of official statement?
Well, on Twitter they said:
"Trading has resumed. We'll update everyone with more detail as to what happened shortly."Usually, with Bitcoin exchanges, statements like these mean they will never tell any outsider what happened exactly.
267.
Post 12242584 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.24h):
"Withdrawal processing has been restored to normal, withdrawals should all be processed shortly."All right people, the disaster has been averted and the price is at $222.22. That means you must buy, because it is a magic number in China!
268.
Post 12259652 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
How much will this pump before the next dump?
269.
Post 12266568 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
It looks more and more like the manipulator may want to push this up from here.
270.
Post 12266656 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
This is the place to act: After the market been dramatically exhausted of its buying or selling power, after everyone has hysterically rushed to the exits all at once, after large amounts of supply have been offloaded to the public or absorbed cheaply by large interests, after the market is left stripped dry and teetering on the precipice, vulnerable to the slightest action in the opposite direction.
Yes, and the manipulator is piling up walls to make sure suckers will buy.
271.
Post 12270773 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
The recent shorts were wiped out on Bitfinex yesterday.
272.
Post 12271577 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
It seems every time I set one, the market magically dips to that level. IS this intentional?
Not unless the exchange itself (employees of Bitfinex) plays against you.
I notice on Bitfinex it doesn't show your stop loss as "hidden" even if you choose hidden.
I don't think stop loss orders are ever supposed to be visible.
Is someone able to see these stop losses? And use their capital to exploit them by dipping the price just so you're stop loss activates and then buying it up again?
Because that is what seems is happening. And how do they do this? I'd like to do be able to do this in order to understand it.
It may be easy for someone to simply guess where the stops are. You should avoid placing them on obvious numbers.
273.
Post 12340500 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
Who knows if someone at bitfinex is actively using insider info to manipulate peoples stops in order to make money off traders or if it just keeps happening so perfectly by chance....
I don't know, but it's clear someone is controlling the market with large walls and pushing the price up and down for profit. They are probably extracting their profits in fiat, causing value to leave the system and pushing the price lower and lower over time.
To some extent it could be just the
composite operator, but that does not explain the walls acting so deliberately to support the action.
274.
Post 12380323 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.25h):
The Bitfinex whale is at it again, whatever "it" is.
275.
Post 12712185 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.28h):
This is definitely legit.
There is no way this can go wrong!
[/sarcasm]
276.
Post 12724424 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.28h):
Two of the lines are still holding for now.
We broke the downtrend again, but we might still crash back into it.
277.
Post 12831798 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
What happened at OKCoin? Did they need to reboot their pump bot or something?
278.
Post 12833656 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
How is it that China is supposed to be almost 20 dollars higher than the other exchanges, but every exchange still follows China's every move?
279.
Post 12833713 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
How is it that China is supposed to be almost 20 dollars higher than the other exchanges, but every exchange still follows China's every move?
arbitrage?
arbitrage?
Yes, but if China dumps, it doesn't make sense to buy their coins and dump them on cheaper exchanges.
280.
Post 12833763 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
Yes, but if China dumps, it doesn't make sense to buy their coins and dump them on cheaper exchanges.
Then again, the dump I just watched could have originated on some western exchange I'm not following, I suppose.
281.
Post 12833877 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
Then again, the dump I just watched could have originated on some western exchange I'm not following, I suppose.
DON'T EVER suppose.
What do you mean? I was talking about a small dump that seemed to happen on OKCoin first and then on Bitfinex and Bitstamp.
282.
Post 12834849 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
Are you looking at BitcoinWisdom?
Yes.
The USD equivalent of Chinese prices is computed using some currency exchange rate. IIRC, BitcoinWisdom was obtaining the exchange rate from some standard site like Google or Yahoo. However, BitcoinWisdom's owner seems to be rather absent of late: he hasn't logged on bitcointalk since 2015-08-27, and his
most recent post was on 2015-07-14.
So, maybe the CNY:USD exchange rate is out of date. The CNY was recently devaluated, so that may explain the apparent discrepancy between Chinese and Western prices.
That's one possibility. Or maybe the arbitrageurs use their own rate for some reason.
283.
Post 12835034 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
Strange things are afoot, gentlemen. Unusual things.
I don't see anything unusual about this.
284.
Post 12838626 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
Just thought I'd point out the current CNY USD rate , per today according to
http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).
Despite this, the exchanges seem to move in lockstep, which is weird.
285.
Post 12841499 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
What is the MMM pause mode? Is it like that mode MtGox went into when they announced they will announce an announcement about why you cannot have your money in two weeks or never?
286.
Post 12843447 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
What is causing this dump?
The manipulator wants you to sell now. That is causing the dump.
287.
Post 12847441 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
What is causing this dump?
The manipulator wants you to sell now. That is causing the dump.
I guess the manipulator wants you to buy again.
288.
Post 12848868 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.30h):
In Ghana?
289.
Post 12888239 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.31h):
Could the loosening of China's 1 child policy explain why there's such a shortage of fucks on chinese exchanges? They seem completely unwilling to give any.
This amuses me. Once upon a time dumps seemed to always begin in China. Now they get dumped on.
290.
Post 12889213 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.32h):
Is this a whalefight or just one whale having fun?
A bit later:
291.
Post 12889412 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.32h):
I just don't know what is going on.
- Price goes up relentlessly for no reason (until it predictably crashes).
- Chinese bitcoins cost 50 dollars more than others for no clear reason.
- Bitfinex has huge scare walls in both directions.
292.
Post 12993047 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.34h):
If the market is rigged TA is useless, except perhaps for the market riggers, who can paint whatever pretty picture they want with the price moves, including dragging TA-'sensitive' bots up, down and sideways, like bulls being led by a nose-ring ... in which case it is more rigged than you imagine.
That's exactly as rigged as I imagine.
293.
Post 12993150 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.34h):
If the market is rigged TA is useless, except perhaps for the market riggers, who can paint whatever pretty picture they want with the price moves, including dragging TA-'sensitive' bots up, down and sideways, like bulls being led by a nose-ring ... in which case it is more rigged than you imagine.
That's exactly as rigged as I imagine.
ITS NOT RIGGED!
bitcoin is meant to have manipulators sometimes there are more active manipulators then there are fish, who cares. bitcoin has value because its fun to hit buy/sell with a small 50K, program bots to keep the candle up or down for you.. anything goes, it doesn't make sense to regulate market trader activity; is it illegal to wast 1million dollars to trigger stop loses and sell into them?
My point was that the manipulators are definitely aware of TA.
294.
Post 12993204 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.34h):
TA is very helpful when you know XXK bitcoin is gana be bought or sold.
Yes, because it's then likely to bounce back to the trendline.
edit: And for the manipulator it's useful, because they'll know how much they need to move the market to freak everyone out.
295.
Post 13074300 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.35h):
When it raise it always got to sharp. Where are the bears when you need them?
Waiting to dump at the top, duh!
296.
Post 13190792 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.36h):
So, what's the deal with this?
297.
Post 13190838 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.36h):
So, what's the deal with this?
exchanges can arrange with large investors to buy at specific prices
or
nothing to see here move along
I think you can place asks below bids on Bitfinex, but I don't know why anyone would want to, unless it confuses the bots or something.
298.
Post 13222007 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.37h):
btc it's going to $450, then chineses will dump
Actually $475. You must have got an old memo or something.
299.
Post 13262723 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.38h):
Did this dump come out of the blue or did you guys all call it?
(I was expecting something like this, but not right now.)
300.
Post 13298573 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.38h):
So.. next we will go up slowly? And then we crash? And then we will go up slowly? And then we crash?
301.
Post 13370888 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.39h):
Does anyone has a clue by now why the Chinese dumped en masse yesterday?
Charts and lines and shit.
OKCoin:
None of it makes any sense. The lines giveth and the lines taketh away.
302.
Post 13371159 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.39h):
None of it makes any sense. The lines giveth and the lines taketh away.
But mostly, it taketh away.
I wouldn't say so. This whole rally began, because the downwardly lines were broken and the traders have been chasing their upwardly lines since. Until now, at least...
Did you know suicide rate goes up during the winter holidays? It does. In no small part, I must add, thanks to bitcoin
And I don't know what to say... If one doesn't want to kill oneself, one shouldn't invest in bitcoins, I guess.
303.
Post 13371319 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.39h):
I wouldn't say so. This whole rally began, because the downwardly lines were broken and the traders have been chasing their upwardly lines since. Until now, at least...
No. 'This whole rally' began because a bunch of Chinese gamblers/exchange owners got together to fleece some starry-eyed idiots. Idiots who wanted to make money in their pajamas
and stick it to
daddy The Man at the same time. With no education. With zero understanding of economics. Vulnerable, susceptible idiots just asking to get raped. Repeatedly.
That might be true, but even so the manipulators definitely capitalized on the whole "the downtrend broke, it's safe to buy now" thing.
304.
Post 13378993 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.39h):
Strong uptrend, we going we will break out above 460 soon.
Or test $360.
305.
Post 13471698 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.40h):
wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?
Someone could be trying to prop the price up.
Huobi:
And it probably involves lent money (even if it started before all the money was lent).
Bitfinex USD swaps:
306.
Post 13479538 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.40h):
wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?
Someone could be trying to prop the price up.
Huobi:
And it probably involves lent money (even if it started before all the money was lent).
Bitfinex USD swaps:
what
It looked likely to drop soon. So you would make a big buy in the hope of stopping that from happening.
I don't know if that was the reason for the pump, though.
307.
Post 13534613 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.40h):
The dump was stopped by the Stampline (and the previous $430 level). We will probably follow the Stampline for a while.
Bitstamp:
wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?
Someone could be trying to prop the price up.
Huobi:
And it probably involves lent money (even if it started before all the money was lent).
Bitfinex USD swaps:
It seems I was right. The pump just delayed the dump. (Though we didn't actually go below the previous price level, so maybe it's too soon for me to gloat.)
Huobi:
308.
Post 13569950 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.41h):
So, this is the triangle we are looking at now. Will it break down?
Bitstamp:
309.
Post 13882413 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.44h):
So.. the Chinese New Year is over on Monday and the rumor is the Chinese will start buying like mad when they return from their vacation.
Does that mean we will pump until Monday and then dump?
310.
Post 13915862 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.44h):
No one wants to comment the price and the fact that we're pushing this fucking red cliff hard?
The cliff guy is probably behind the pump too.
311.
Post 15526520 (copy this link) (by bad trader) (scraped on 2020-04-04_Sat_14.55h):
Are the price manipulators even trying? The market has been doing completely random shit lately. It's like it's not even about money anymore. They are just trolling everybody for lulz at this point.
