Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tarmi
on 16/12/2014, 19:14:51 UTC
Quote from: Blitz­ on December 16, 2014, 07:10:46 PM
Quote from: overit on December 16, 2014, 07:05:35 PM
Quote from: Blitz­ on December 16, 2014, 07:02:51 PM
Quote from: tarmi on December 16, 2014, 06:57:26 PM
hell, I wont even bother to go and search all your posts about some "poor" bearwhale dumping 30 k @ at the bottom of a downtrend. you repeated it for so many times as if it had some meaning but it turns out you were merely doing your own trading agenda.
No matter how many times you repeat it, it will not get any less stupid to sell 30k BTC at one single exchange in 8 hours at the bottom of a mid term trend. Remember, Bitstamp's price was actually severely (3-5% iirc) below all the other exchanges.

Noone who has traded in his life before acts like that. So yes, I think it was an inexperienced guy who got sick of hodling after all these years and just wanted to GTFO. Guy was a fool, regardless of what happens months after his stupid action.

i say he is much smarter than you, look at the price now
He sold at 300 and below. Even today, price is higher. And like I said before, you guys need to learn to deal with probabilities (post hoc explanations are meaningless).

It is generally bad to sell all your holdings at one place at one time if you are extremely dependent on liquidity. Plus, he obviously hasn't done his homework on the technical picture at the time. If you do not understand these things, then too bad for you.


and you know for sure that he sold everything? what if another 30 k wall shows up at 300? Cheesy

care to explain how someone can do stupid things regardless of what happens next?