Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BrewMaster
on 16/04/2017, 16:33:42 UTC
-snip-

what do you think about this:
- bitfinex fiat withdrawals are disabled
- people fear Gox specially with everyone repeating it online
- so they cancel fiat withdrawal and buy up bitcoin on bitfinex (price goes up)
- they withdraw bitcoin to other places (mostly bitstamp) and dump there (price goes down there)
- they withdraw their fiat out of fear.

this is more buy pressure on bitfinex and more sell pressure on stamp.