Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
CoinsCoinsEverywhere
on 24/07/2014, 14:14:36 UTC
Quote from: numisma on July 24, 2014, 01:54:02 PM
Quote from: derpinheimer on July 24, 2014, 01:51:04 PM
Quote from: NamelessOne on July 24, 2014, 01:48:30 PM
Quote from: numisma on July 24, 2014, 01:41:52 PM
This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.

Probably had their bids preplanned and placed already awaiting others to panic and sell into them.  Smiley
Or they actually sold. You know, without the anticipation to buy lower?  Wink

Who'd want to sell at this stage without buying back in? I mean, with all the good plans/news regarding BTC for the next year?
How about people who are trying to pay off all their new mining equipment?  Profit margins are pretty small these days.