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Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
Also, just so people are aware, this dip was caused by Mt. Gox coins flooding the market.

And, an argument could be made most dips this year were a result of Mt. Gox coins.

quote:

On December the 22nd, the trustee moved 6,000 bitcoin. That’s the big red daily candle above labeled 2, sending price from nearly $16,000 to a brief low of $10,800. It appears he gave some time for the market to recover, then on the 17th of January at 3AM he sold 8,000 bitcoins. Crashing the market again. He then sells another 6,000 on the 31st of January, but the vast majority was sold on the 5th of February, 18,000 in total. Sending the price to its recent bottom from which it then went on to recover and nearly double as the selling finally stopped.


There is an estimated 165k remaining BTC that may or may not need to be sold.

So, that means there's good news and bad news.

Bad news: There's 165k coins left and we likely have more Gox-related dips in the future.

Good news: We've been getting dumped on for 2-3 months and recovered semi-well everytime. History has shown BTC will get dumped. BTC will dip. BTC will be gobbled up at a lower price. BTC will rise.

So-So speculation: This may be a onus for a "flippening". Why would anyone HODL BTC knowing this is coming after every recovery?

eta: edited to clarify that its not guaranteed that the 165k remaining btc will need to be sold.
This post was edited on 3/7 at 12:28 pm


dawg4lyfe
Atlanta Falcons Fan
Member since May 2012
11662 posts

re: Official CryptoTalk Thread
Might have been a planned attack. All the exchanges had massive sell volume they had not seen in quite a while. 12000 BTC was moved on Bitfinex in 30 minutes


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
"Attack" is probably the wrong word. These MtGox people sell to satisfy creditors due to the lawsuit from their hack.

It's probably more along the lines of insider-trading; semantics, perhaps.


trux83LSU
LSU Fan
brandon, ms
Member since Dec 2006
2419 posts

re: Official CryptoTalk Thread
AMB announces new partnership
LINK


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
54784 posts

re: Official CryptoTalk Thread
As it pumps


trux83LSU
LSU Fan
brandon, ms
Member since Dec 2006
2419 posts

re: Official CryptoTalk Thread
really just brought it back from the dip this morning.

VEN is actually holding on through the dip fairly well. Staying around 0.0054000 eth


PhiTiger1764
LSU Fan
Lurker since Aug 2003
Member since Oct 2009
11270 posts

re: Official CryptoTalk Thread
quote:

VEN is actually holding on through the dip fairly well. Staying around 0.0054000 eth

I mean... if ETH is dipping, and it is, then VEN is dipping.


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
From a USD standpoint but it's good that it's holding the VEN/ETH conversion mostly steady.

What you see a lot of times is people pull out of alt coins into stablecoins (USDT for example) during these dips and then buy in later. Less people pulling out of VEN for the time being.


trux83LSU
LSU Fan
brandon, ms
Member since Dec 2006
2419 posts

re: Official CryptoTalk Thread
exactly. I understand that the usd value is down. But you aren't buying with USD. I've quit looking at the usd value once I've bought something.


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
54784 posts

re: Official CryptoTalk Thread
Shot up again .
Somebody is gonna get hurt.


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trux83LSU
LSU Fan
brandon, ms
Member since Dec 2006
2419 posts

re: Official CryptoTalk Thread
the volume on it is so low that it flies on stuff like that.
quick comeback down though


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
anxious to see how asia reacts to all this news today

1. binance fud created and resolved

2. NEO fud resolving

3. mt gox explanation for previous dips, potential future dips

4. WTC pumpdump


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
update from binance

quote:

Update 3. We have localized the irregular trades, they will be reversed. All funds are safe, thanks to the fast alarm


amazing from them, really. they are under no obligation to do this since it wasn't their fault. great customer service.


S1C EM
Georgia Fan
Athens, GA
Member since Nov 2007
7334 posts

re: Official CryptoTalk Thread
quote:

amazing from them, really. they are under no obligation to do this since it wasn't their fault. great customer service.


Agreed. Surprising, but very refreshing to see.


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00
dawg4lyfe
Atlanta Falcons Fan
Member since May 2012
11662 posts

re: Official CryptoTalk Thread
Makes me feel better about keeping some of my funds on there. Binance is awesome.


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
Initial indicators are bullish from Asia. We will see how it progresses through the evening.
This post was edited on 3/7 at 4:26 pm


LZ83
LSU Fan
La
Member since Sep 2016
13100 posts

re: Official CryptoTalk Thread
Wish they would reverse my losses lol


CE Tiger
Chicago Cubs Fan
Metairie
Member since Jan 2008
37844 posts

re: Official CryptoTalk Thread
In case you have missed my link shills and still don’t understand the project...

Image: http://i.4cdn.org/biz/1520475060041.png


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread
The 6-9 asia crowd was more skiddish. Not terribly bearish (except for BTC) over all but we did dip a bit.

Hoping the 11-12 crowd doesn't lose their shite.


Tiguar
South Alabama Fan
Alabama
Member since Mar 2012
24704 posts

re: Official CryptoTalk Thread


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