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Well, it's a tactic being used to push the price down by applying such pressure (block moving), I described this process in detail about 1-2 months ago on this thread.
Once this push is released, it would go up like a spring (fast BTC increase).
The question is; when is it going to be released?, and would it go as high as $6xx?
By the way, BTC-e is already started going into the $3xx rage...
As I got tons of other things to do right now;..
... I'm still holding ...
Once this push is released, it would go up like a spring (fast BTC increase).
The question is; when is it going to be released?, and would it go as high as $6xx?
By the way, BTC-e is already started going into the $3xx rage...
As I got tons of other things to do right now;..
... I'm still holding ...
Here are more accurate figures from the ones I am looking at:
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
1) On BitFinex: There are 2372 BTCs placed to be sold at $470-$475, so no way up here
2) On BitStamp: There are 2529 BTCs placed to be sold at $482-$485, so no way up here neither
3) On BTC-e: There are 198 BTCs placed to be sold at $441, given the usual volume of BTC-e, no way up here neither.
4) Kraken and BTC-China: Nothing out of the ordinary there
So, from the above, BTC is intentionally being pushed down, and frankly it's not that enjoyable to deal anymore.
I'd still wait for few months hoping this game ends soon.
Regards
Heider
There are 2607 BTCs exactly queued/ordered to be sold on $465, this is going as per my analyses more than a month ago.
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
Now, you tell me, who the heck has such a volume to play with?!...
This is exactly what I was looking for,... the remnants of the FBI auction and the aftermath...
Hopefully it will end soon so that we can pick up where we left it at...
Regards
Heider
Again, price dropping like this rarely last just 1-2 days. The wind is now blowing in reverse for whatever reason.
I very much doubt this is a 1-2 days wait, I am thinking of 3 months at least.
I am holding 1 BTC even if it goes to the ground! 
Ditto to that, I've got a lot more BTCs stuck upstairs, also holding to the mud.... The main thing is that it's money I can afford to lose, therefore, I am not doing a thing about it now until ... well,... you know...
Judging by the numbers I am seeing, I'd say; people are starting to loose interest.
I'm leaving my BTCs hanging there for a year before I start thinking about their value unless I see it going above $650 anytime soon.
Good luck to all.
Regards
Heider
I'm leaving my BTCs hanging there for a year before I start thinking about their value unless I see it going above $650 anytime soon.
Good luck to all.
Regards
Heider
Well,...
That's exactly what I was expecting when I mentioned earlier about what's going to happen after the auction ends. If you think about it; the amount that was auctioned was quite large which (based on the supply-and-demand theory); "should" cause a drop in price. I was expecting this to last for about a month or three by most, and was preparing for it.
Being honest about it, sadly, after the auction ended, I noticed the price climbing up, and got tempted; I don't know what was wrong in my head when I decided to spend few coins on buying at $645, I saw the price drop coming at the time, and then queued my sell to go at $655, but sadly it went up to $653 therefore, never sold, and then afterwards BTC kept going down ever since, that's when I said earlier "wait another 65 years, it will go up etc...."
Truth is I don't feel sorry for that little loss (with price drop today it's about $200 now), I expect further drop, but frankly don't care, I'm not selling, therefore it's not a loss (yet). if it takes 3 months for it to recover and by on the up again, then great, if it's a year or so then still won't make me jump out of my seat neither, I am way too busy at the moment with other things to do, and I think this (stop dealing with BTC for now) came in time to help me focus on my work.
My advice, is, for whatever it's worth; if you are in the same situation, please don't panic, the more people joining in later, the higher it gets. Right now, I still think (theoretically) that the auction coins are being sold as we speak hence causing this drop, no facts there, just what I think, which is why I am waiting with absolutely no care or even interest in doing a move right now.
I believe more people are watching this forum, since my last 65 years post, BTC on the sites (Bitstamp, Bitfinex, Btc-e) has dropped volumes of about 80%. For instance, the one-hour volume trading on Bitstamp used to be about $900, over the past week it hardly gone over $99 per hour.
Lots of people seems to be losing interest on the way BTC is changing recently, hence that drop in price until someone starts to take a drastic action about it.
I hope this helps,
Wish you Good luck,
Heider
That's exactly what I was expecting when I mentioned earlier about what's going to happen after the auction ends. If you think about it; the amount that was auctioned was quite large which (based on the supply-and-demand theory); "should" cause a drop in price. I was expecting this to last for about a month or three by most, and was preparing for it.
Being honest about it, sadly, after the auction ended, I noticed the price climbing up, and got tempted; I don't know what was wrong in my head when I decided to spend few coins on buying at $645, I saw the price drop coming at the time, and then queued my sell to go at $655, but sadly it went up to $653 therefore, never sold, and then afterwards BTC kept going down ever since, that's when I said earlier "wait another 65 years, it will go up etc...."
Truth is I don't feel sorry for that little loss (with price drop today it's about $200 now), I expect further drop, but frankly don't care, I'm not selling, therefore it's not a loss (yet). if it takes 3 months for it to recover and by on the up again, then great, if it's a year or so then still won't make me jump out of my seat neither, I am way too busy at the moment with other things to do, and I think this (stop dealing with BTC for now) came in time to help me focus on my work.
My advice, is, for whatever it's worth; if you are in the same situation, please don't panic, the more people joining in later, the higher it gets. Right now, I still think (theoretically) that the auction coins are being sold as we speak hence causing this drop, no facts there, just what I think, which is why I am waiting with absolutely no care or even interest in doing a move right now.
I believe more people are watching this forum, since my last 65 years post, BTC on the sites (Bitstamp, Bitfinex, Btc-e) has dropped volumes of about 80%. For instance, the one-hour volume trading on Bitstamp used to be about $900, over the past week it hardly gone over $99 per hour.
Lots of people seems to be losing interest on the way BTC is changing recently, hence that drop in price until someone starts to take a drastic action about it.
I hope this helps,
Wish you Good luck,
Heider
Not sure what happened so far...
Since I posted what I understood yesterday, I noticed a lot of things changing within minutes (this when I said "someone is watching.. etc").
It seems since then, all the BTC-tourturing has stopped, and so far all have been normal so far which isn't expected from us thinking of the auction coming soon.
Not sure really, could it be that someone from BTC/Central decided to put an end to all this, or the guys who were doing this over the past 3 days be preparing for another twist?
Either way, whoever it is,... they are reading this text for sure...
Regards
Heider
Since I posted what I understood yesterday, I noticed a lot of things changing within minutes (this when I said "someone is watching.. etc").
It seems since then, all the BTC-tourturing has stopped, and so far all have been normal so far which isn't expected from us thinking of the auction coming soon.
Not sure really, could it be that someone from BTC/Central decided to put an end to all this, or the guys who were doing this over the past 3 days be preparing for another twist?
Either way, whoever it is,... they are reading this text for sure...
Regards
Heider
tomorrow is the auction.
Horde your coins now, afterwards it will revert to its natural level (600).
Ask yourself, what happened in the last few weeks that causes it to drop,
Well, there is no particular reason, bitcoin acceptance is only increasing.
And less FUD(as far as i noticed).
So probably it is because of manipulation, when this is over, you will see 600's.
Horde your coins now, afterwards it will revert to its natural level (600).
Ask yourself, what happened in the last few weeks that causes it to drop,
Well, there is no particular reason, bitcoin acceptance is only increasing.
And less FUD(as far as i noticed).
So probably it is because of manipulation, when this is over, you will see 600's.
Ditto to that!
Just one thing, isn't the auction on the 28th, not the 27th? I could go and check the URL, but feeling extremely sick-lazy today
Cheers
You could kill or laugh at me for saying the "I Predict" word today.
But, if my theory is correct (no longer care of big traders watching this anymore), I'm expect it to go down to $556.5 soon.
This is due to a similar strategy I noticed now, but should end up the same.
Regards
Heider
But, if my theory is correct (no longer care of big traders watching this anymore), I'm expect it to go down to $556.5 soon.
This is due to a similar strategy I noticed now, but should end up the same.
Regards
Heider
In my opinion price is going to 400$ very fast, but will stay there for a short time. Then the most possible variant will be step by step grow and the sky is unlimited. Last time when you see BTC at this level believe me 
BR
BR
You might be right Gondel since nobody can 100% predict it, but if you are, then I would imagine the price going up and down all the way for about 2 times before it goes that low.
It's not over yet, it's quiet at the moment, we might have a long day tomorrow though.
Regards
Heider
I don't think you can dominate the market with only 1k coins. the total volume of okcoin is 56,682.36฿ alone.(in last 24h).
What exchange are you looking at, bitstamp?
Bitstamp doesn't lead, bitstamp follows okcoin.(because of the 'low' volume)
So if there was any manipulation it would happen on okcoin.
Besides these blocks are probably just an accumulation of coins from a lot of people.
What exchange are you looking at, bitstamp?
Bitstamp doesn't lead, bitstamp follows okcoin.(because of the 'low' volume)
So if there was any manipulation it would happen on okcoin.
Besides these blocks are probably just an accumulation of coins from a lot of people.
Yes, BitStamp, and also have access and currently looking at BitFinex, Kraken, Houbi, Btc-E, and BtcChina on my screens, I quite disagree about OkCoin driving it, as there are a lot of BTCs in BitSTamp's wallet to even drive BitFinex now!
I just noticed now that DownBlock have just been pushed downwards another $5.
I initially thought it's a group of people, but when I started seeing the blocks moving programatically, the only explanation is that it's an organised movement, it's by someone knowing exactly what they're doing.
BTC could be going down again (slower).
OK,
No charts, here is what's happening (or at least what I am seeing) in layman's terms:
1) Few days ago, someone (or a group of people) placed an order to sell a 1000 coins @ $605. This causes the uptrend to almost stop going up beyond this line. I call this an "UpBlock".
2) Another DownBlock was placed the opposite way @ $540.5, this causes it to not go beyond this line.
3) As the BTC price as a result of (1) above, goes a little downwards (about between $5 or $10), the UpBlock is moved backwards to block any uprise in BTC closer to the new "lower" price.
4) During this movement; say it's now at $570, then someone places an ASK order for $100 at $571, and then another for $50 at $565, this causes a slow-tip downwards.
5) With the BTC bought above from (4), as they accumulate (Generate some BTCs as a result of buying), they would be placed to "Sell Now" type order which are about 100 BTC's each, this causes the price to shoot downwards for about $10 eventually in a ripple-effect.
6) There are about 3-4 people repeating the same, few seconds apart between them. this causes the price to go down further.
7) As the price has gone down another $10, the above is repeated.
8 ) Currently, the UpBlock as a result has been moved down gradually so far and currently at $569.500 for 1164 BTC's.
9) As I estimated earlier few days ago, I was expecting it to go into $573, but now with 900 BTC's placed downwards on $540, I reckon it's going down there, or even less if the DownBlock is moved further.
As a result, the price is being pushed downwards and possibly preparing for the FBI auction.
Warning: Once the Blocks are lifted, be aware, the price will shoot up like you have never seen before, just like a spring exploding upwards once you release it after a hard push.
Personally, I'm happy with the above as I sold at $605 few days ago, I only lost $20 since the down-move.
I hope this gives an idea about what's going on, the question is: "Is this legal?!", well, since it's a decentralised currency, I don't think it can be questioned, or at least don't know ...
Either way; Good luck to all...
Kind Regards
Heider
No charts, here is what's happening (or at least what I am seeing) in layman's terms:
1) Few days ago, someone (or a group of people) placed an order to sell a 1000 coins @ $605. This causes the uptrend to almost stop going up beyond this line. I call this an "UpBlock".
2) Another DownBlock was placed the opposite way @ $540.5, this causes it to not go beyond this line.
3) As the BTC price as a result of (1) above, goes a little downwards (about between $5 or $10), the UpBlock is moved backwards to block any uprise in BTC closer to the new "lower" price.
4) During this movement; say it's now at $570, then someone places an ASK order for $100 at $571, and then another for $50 at $565, this causes a slow-tip downwards.
5) With the BTC bought above from (4), as they accumulate (Generate some BTCs as a result of buying), they would be placed to "Sell Now" type order which are about 100 BTC's each, this causes the price to shoot downwards for about $10 eventually in a ripple-effect.
6) There are about 3-4 people repeating the same, few seconds apart between them. this causes the price to go down further.
7) As the price has gone down another $10, the above is repeated.
8 ) Currently, the UpBlock as a result has been moved down gradually so far and currently at $569.500 for 1164 BTC's.
9) As I estimated earlier few days ago, I was expecting it to go into $573, but now with 900 BTC's placed downwards on $540, I reckon it's going down there, or even less if the DownBlock is moved further.
As a result, the price is being pushed downwards and possibly preparing for the FBI auction.
Warning: Once the Blocks are lifted, be aware, the price will shoot up like you have never seen before, just like a spring exploding upwards once you release it after a hard push.
Personally, I'm happy with the above as I sold at $605 few days ago, I only lost $20 since the down-move.
I hope this gives an idea about what's going on, the question is: "Is this legal?!", well, since it's a decentralised currency, I don't think it can be questioned, or at least don't know ...
Either way; Good luck to all...
Kind Regards
Heider
I know you meant seized, but it still doesn't make sense.
The auction price won't be based on some silly little exchange price. It will probably be somewhat higher than exchange prices since it offers the opportunity for a venture capitalist, bank, or serious investor (typical bidder according to leaks) to buy a lot of coins at a relatively low price, without raising the price part way through the transaction.
A good strategy would be to win one or more of the auctions and then buy a couple of thousand coins at market price to greatly increase the value of the coins bought at auction.
It's not rocket surgery.
Hi Jimbo,
Yes, I meant seized, my spell-checker can be a devil sometimes.
In regards to the auction, I tend to disagree with you, I've been through auctions in the past, and (in a general auction) when someone sells something, it would be based on "today's" market price, Since the auction have not officially started yet, then today's price isn't known yet, and that it to be calculated at the beginning of the auction's date. Therefore, I still strongly believe that the price will be pushed down sooner or later by someone knowing what they're doing.
When we talk about a 1000 BTC, that's more than half a million dollars in today's price, if I had that sort of money at the moment, I would guarantee to "somehow" control (or have a little saying) in moving the price North or South. For someone having the power to buy 3000 BTCs; I would certainly expect the market to shake before and after that auction.
Therefore, even thought I might be wrong on this, but I would rather stick to my theory for now, as this is what I am already seeing on the BTC movement at the moment.
Kind Regards
Heider
I've got around $7500 ready to pump in, just awaiting the "opportune moment"
Not right now...wait a bit! Do it as soon as you see positive divergence...
If the price is being pushed down intentionally to get the large BTCs ceased by the FBI at a lower price, then I think it's probably best to consider buying when closer to the auction date (i.e. 28th of June). I think a month after that date, the BTC would rocket up somehow.
Regards
Heider