Hi Friends!
I’ve been watching the btc market pretty close for a while now, and delving deeper when i can. But one screen i saw today really stopped me in my tracks for a second. Here, have a look
It’s a price chart for 24hr bitcoin. And it shows a big price spike (in yellow) driven by massive volume (indigo stack in background). Compared with every other hour on the chart, this one was so concentrated and specific that one can easily conclude that this was coordinated, and originating from a single source. So what’s going on?
And then, Kapow! Someone just pulled the trigger on a LARGE order, probably out of fear that someone else was going to initiate a big buy. Now i’m just hypothesizing right now, but i had a look at something else to get some perspective:
Over 5 billion transacted in last 24hrs! That means that spike had to be at least 1 billion, and from a rough look, probably closer to 2 billion. That’s a lot of cheddar!!! And it certainly wasn’t caused by 2 million drunk pirates simultaneously stuffing a grand into an ATM — as much as i wish that were the case!
Nah... lofl! It was probo someone else — like a hedge fund or something. Makes sense to me
If y’all are interested in this type of stuff, then you will have noticed all the bad press around crypto lately. Even the alt news sources are chattering through their own shortening finger nails — and flinching like noobs.
While the real story is that behind the scenes innovation, development and integration is taking place at break-neck speeds — hell, even steemit inc. has some crappy new smt-lite bs coming out just so they can stay somewhat relevant! (...Asshats!!!) At any rate, Blockchain tech is here to stay, and ignoring the grand-daddy BTC and his top 20 kin shall not be a good strategy moving forward.
I am @thedamus — full time bull and bullshitter!
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I'm looking for some explanation for recent downturn. This is some good information.
My biggest observation is that ALL cryptos are down and THEY HAVE STAYED IN ROUGHLY THE SAME POSITION / RANKINGS. How is that possible? I thought they would independently rise or fall with shifting positions in ranks, but that's not happening.
Everything trades in bitcoin... a falling tide lowers all boats.
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The whale just liquidating some of those shorts 😅
No doubt there were those who just got rekt 😜😱🤣😂😂
People are talking about that less than 100 people own about 50% of all bitcoin 😳😂
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That figure does not surprise me. Let’s hope those mofos have strong hands!
Same graph I saw with steem a week ago. A big rise for some minutes to 50 cents. The fun thing with crypto is that large parties can do this any minute of the day unlike with stock markets.
We’re in for a wild ride, that’s for sure!
Buying at a low point is how ya win. I like ETC and EOS right now. But am adding some BTC if I can scratch up some cash.
Having at least 1 full bitcoin in deep storage is a pro-move extraordinaire imho.
TRUMP Throwing a Little Cheddar into Bitcoin.......While Paris Burns
It feels like a crazy time to buy... just the way i like it! 😜👍
SMT-Lite. HAHAHAHA and in 30 days with 70% less help. Seems plausible.
At least they’re still actively talking shit!!!
My only investment has been the precious metals but for some reason on Friday i bought some Bitcoin/cash Etheriun/classic and Litecoin, just out of the blue, im not a crypto buyer and only ever bougt £100 before and converted it to steem and cashed out £700 to buy the silver variety coins which was nice. But yea i was looking at coingecko and seeing all the red and the prices from 30/60 days ago and thought if i was ever to buy any cryptos its now, instinct is a great tool. I had a read about that Etherium Classic and as much as i know absolutely nothing about cryptos that one had me thinking, so did Bitcoin Cash. I cashed out my steem into bitcoin cash when it was quite high, was worth over a grand and then it started dropping and i salvaged the £700, thats when cash was well over £1000 last January but Bitcoin cash now at £78? Yea i will have a little of that thank you, i sold over half a bitcoin cash for £700 and just bought it back for £50! So yea ive bet a weeks wage on this being a good time to buy some crypto, if im wrong ill be eating jam buttys for tea.
It's never a bad idea to buy up an undervalued asset class. It's also never a bad idea to split your nest-egg up into a few pieces - you never know the timing of when the different asset classes will spike or fall off a cliff, so it just gives you more financial security to diversify.
I've been stacking silver hard; liquidated my cryptos a while ago at a bit of a loss to make sure of my money in the form of personally held physical silver & gold. I'm looking more closely at going back into some cryptos now that the prices have come so far down. Don't know how much more downside there is in the cryptos, but I still feel there is some room for downside. There is good support for BTC starting around $3,200, but it's still such a small market that it could easily be broken down further below those levels if big money wanted to manipulate it downwards. I think any BTC purchased under $3,400 is a good buy - just like any silver purchased under $20 is a good buy. It's all undervalued right now.
Good luck rb! Better to have loved and lost than...
There have also been reports of huge transfers from the top btc and ETH accounts. Something is happening, stay safe!
Some BTC orca just did a big breach and made a big splash!
It's always good to be kept up-to-date on what's going on - even if we don't know exactly what's going on, you can still see the big splashes. It's definitely disturbing some tea-leaves. We'll see what it means...
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QUESTION TO EVERYONE: How long are the whales gonna manipulate this? Is there a limit? If all the whales exit the system and the price drops to 1000 USD do we still get affected by whales?
If btc drops to 1k We become the whales!!!
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