Quote from: Hueristic on October 13, 2016, 09:18:55 PM

Quote from: mfqrs3 on October 13, 2016, 08:13:49 PM

Something is going on, buy order book is larger ( but bids are low ), there is more xmr to lend ( almost 200k ) and price is on decline... Dump maybe ?

EDIT: Yup, dump. So this is a 1 man show ? The pattern is the same from last dumps Wink

When accumulating they always remove the BTC from the buy side and pressure sells. After awhile it gets obvious.

The problem is they have so much too play with there is nothing you can do except react to the moves.

Buyers lower their bids since they hope they will get cheap coins when emotional traders dump due to panic. Sometimes we see buyers losing patience and just filling some sell-orders or setting buy-orders too high(which isn't that bad, you still profit from it). There isn't as much xmr dumped this time, and the price has stayed only slightly below 0.011, i guess most people have learned by now. XMR always go up again, do not use stop-losses.

Even if higher bids exist it doesn't really matter if an idiot dumps 2000XMR.