BITCOIN DONE - SELL NOW $708. DONT be DROWNING with the ship.

[QuantumLeap]

good stuff, I'll check it out. I'm always looking at the cryptos. ETH is my big one long term.

Looks like ETH is on its way back up after the hacking scare. I like to think of the market as a rubber band. When it gets stretch too much it snaps back some. That happened with the panic sells of ETH due to the news. Once the issue has a hint of being resolved it goes back up.

[Russian Rocket]

Bitcoin is not immune to manipulation as any commodity is. But Bitcoin has a market cap of over $9 billion. For it to go up 20% in price and then back down would take an influx of just under $2 billion. It's much, much easier to manipulate individual stocks with lower market caps.

Besides, bitcoin is geographically widely dispersed. Investors are from all over the world. It's much harder to influence the price based upon local news.

You can always find something even easier to manipulate...for example a finger in your nose.

...and I agree with you, that it's hard to influence the price based upon local news....that's why I'm saying, that these stories that radiers is desperately pushing on us here, are just a small piece of the puzzle in this recent price movement

[QuantumLeap]

don't kid yourself...it happens everywhere...especially with a low-volume trading currency like BTC

BTC traded $250 million in the last 24 hours. Do you consider that low-volume?

I agree with you about the rampant manipulation of the lower-cost crypto coins but opportunities can be had if you develop an eye on what to look for.

[QuantumLeap]

You can always find something even easier to manipulate...for example a finger in your nose.

...and I agree with you, that it's hard to influence the price based upon local news....that's why I'm saying, that these stories that radiers is desperately pushing on us here, are just a small piece of the puzzle in this recent price movement

I'll be honest with you, I don't know what is causing the wild fluctuations. I thought it was the halving coming up. I think ACoochy's explanation of Brexit losing could also be a factor. When I mentioned local news I didn't necessarily mean Brexit. I think that has a more global influence than just one country and could be a factor.

I try to play the swings. The big, big secret about those IMO is to not get to greedy. It's hard to sell when a coin has just had a rapid increase. It's called Fear of Missing Out (FOMO) and it's a terrible feeling to sell just to have the price continue to skyrocket. If that happens I try to get back in and chalk up the difference to the insurance against the manipulation of having the price pulled out by large sellers. Another tactic is to have a hard selling price that you will sell at no matter what happens to the price.

[Russian Rocket]

BTC traded $250 million in the last 24 hours. Do you consider that low-volume?

I agree with you about the rampant manipulation of the lower-cost crypto coins but opportunities can be had if you develop an eye on what to look for.

The volume in the last month or so has been somewhat decent, but these volume spikes are rare and you know it.

[raiders72001]

You can always find something even easier to manipulate...for example a finger in your nose.

...and I agree with you, that it's hard to influence the price based upon local news....that's why I'm saying, that these stories that radiers is desperately pushing on us here, are just a small piece of the puzzle in this recent price movement

I don't really want to argue with you much longer. Show me one legitimate publication that agrees with your theory that the current bitcoin volatility is due to a pump and dump by two or three individuals. What do you consider a low trading volume? What exactly are you saying about block size that makes you think that this is a pump and dump? Figures would help.

[raiders72001]

BTC traded $250 million in the last 24 hours. Do you consider that low-volume?

I agree with you about the rampant manipulation of the lower-cost crypto coins but opportunities can be had if you develop an eye on what to look for.

I agree that there's rampant manipulation on the alt-coins. It's a day trader's paradise right now.

[Russian Rocket]

I'll be honest with you, I don't know what is causing the wild fluctuations. I thought it was the halving coming up. I think ACoochy's explanation of Brexit losing could also be a factor. When I mentioned local news I didn't necessarily mean Brexit. I think that has a more global influence than just one country and could be a factor.

I try to play the swings. The big, big secret about those IMO is to not get to greedy. It's hard to sell when a coin has just had a rapid increase. It's called Fear of Missing Out (FOMO) and it's a terrible feeling to sell just to have the price continue to skyrocket. If that happens I try to get back in and chalk up the difference to the insurance against the manipulation of having the price pulled out by large sellers. Another tactic is to have a hard selling price that you will sell at no matter what happens to the price.

yeah I hear ya...no one knows anything. Everyone just speculates. One dumbfukk posts a story, 1000 others spread the rumor and there you have a new Bitcoin story.

I personally wouldn't trade this...if I can't explain to myself WHY does the price does what it does, then the best option is to never even touch it.

If you do trade - use a stop loss to preserve some of your profits.

[Russian Rocket]

I don't really want to argue with you much longer. Show me one legitimate publication that agrees with your theory that the current bitcoin volatility is due to a pump and dump by two or three individuals. What do you consider a low trading volume? What exactly are you saying about block size that makes you think that this is a pump and dump? Figures would help.

I've wasted too much time on your tinfoil hat face. Look at the fukking charts and figure out yourself- I already told you twice where and what to look for.

Good luck with the rest of your Yen, hack and whatever the fukk else stories you can come up with to justify these price movements for yourself.

[QuantumLeap]

The volume in the last month or so has been somewhat decent, but these volume spikes are rare and you know it.

That's my whole point. It takes a large volume to manipulate the price.

[LeahMichele]

$582. Down nearly $100 since this morning.

[raiders72001]

Rocket- You have to look at more than just the USD trade amount.

[QuantumLeap]

This might be a little off-topic but since it was brought up earlier I'm going to mention it. One reason I like SIAcoin is because it has been performing regularly in the past month or so. There have been 2 definitive peaks in price: one on June 8th and one on June 19th. We are currently approaching what appears to be another peak. I'm going to watch to see if it tops off later tonight. If it does I'm going to sell and look for a bottom.

I may just chalk the whole thing up to a concerted gradual climb and not try to worry to much about the peaks as long as the price continues and I have my stop-loss in place. If the price goes up I'll move my stop-loss up.

[Russian Rocket]

That's my whole point. It takes a large volume to manipulate the price.

It actually doesn't...I takes a large volume of coins, but not a large number of traders.

If you have a sizeable position and you wanna sell it at the market price, your sell will be executed down the chain of every buy order in line.

When a sell order comes into the market that is bigger than the number of coins available at the current bid, then the bid price will drop, because all those coins at the current bid will absorbed by the selling.

That's why I'm telling you to look at the size of those big SELLS and BUYS





when a big player wants to dump his position he does so without a problem and small traders like yourself cannot stop him, simply because you don't have enough Buy orders on the market

[TheMoneyShot]

$553 now

Down $30 in 12 minutes?

[Sam Odom]

30 day low 437

[LeahMichele]

Wow. Down nearly 20% in 12 hours.

[Russian Rocket]

$553 now

Down $30 in 12 minutes?

exactly what I'm saying...where all the buyers at to protect the price?

are you guys telling me that over sudden everyone decided to sell right now?

[Russian Rocket]

30 day low 437

aren't you glad that you did not actually add more last night at 625?

[Sam Odom]

20 mins after buying they were sent to a cash book

Remember what Sammy has said over and over again

do not recommend SPECULATION

[ThaWoj]

penetrate me.

I'm gonna hit all my bets at nitrogen yet still lose money by the time I can transfer to circle

Even when I win I lose. Time to start exclusively playing at 5dimes until this mess is cleaned up.

[TheMoneyShot]

exactly what I'm saying...where all the buyers at to protect the price?

are you guys telling me that over sudden everyone decided to sell right now?

Exactly. You heard about Coinbase taking away Instant Buys? They won't let you use your C.C. anymore for backup. I had my Instant Limit at 3k. Coins delivered within 10 seconds. Now, you have 2 options... you can use your debit crd as a backup and you're allowed $250 max daily. 3.9% surcharge on that crap. Or... you can place your order on a Monday... and it will be delivered and available on a Friday. Now, can you imagine the fluctuation in price from Monday to Friday? What if you purchased 3k and the BTC price was $700 each coin. And then by the time it was delivered to you... the price was $550 each coin? I'd go fukking nuts.

The Coinbase representative told me but what if the price of the coin went up from Monday to Friday? Then you'd gain! I'd replied... but what if it DIDN'T?

And I also asked if you're allowed to cancel your order? Or put a stop on it? He said absolutely not.

[Sam Odom]

Dont panic ...

[LeahMichele]

$553 now

Down $30 in 12 minutes?

back up to $570. Cant fall forever

[Russian Rocket]

20 mins after buying they were sent to a cash book

Remember what Sammy has said over and over again

still waiting for you to tell me what exchange was selling them at below low of the day

[Sam Odom]

RR . why do you think it has to be an EX ?

[TheMoneyShot]

back up to $570. Cant fall forever

My Bitstamp says $559.00 it just now went to $561.87

[TheMoneyShot]

Now back to $556.98 this thing is nuts

[Russian Rocket]

RR . why do you think it has to be an EX ?

well share it with the group...I wanna know where I can buy coins below the market price.

[Sam Odom]

MoneyShot , Sammy has $3K Instant buy at Coinbase... comes out of ck acct in 48 hrs or less

[Russian Rocket]

Now back to $556.98 this thing is nuts

and somewhere Raiders thinks that this price is not being manipulated ... it's scary how gullible some people are

[Sam Odom]

RR , P2P cash buy

happens all the time... No secret

[Brock Landers]

Sammy, when coins are in your blockchain wallet...why does it not let you SEND to another wallet?

Do you need so many confirmations first?

[TheMoneyShot]

MoneyShot , Sammy has $3K Instant buy at Coinbase... comes out of ck acct in 48 hrs or less

I got an email from them. They claim they are going through every single Coinbase Acct. And our slowly removing C.C. This was about 2 weeks ago. I haven't logged in since then. I can't apply a new C.C. as backup... and my original card was removed. I didn't do anything wrong to them. Every transaction has been successful.

They told me the reason why they are doing this... a lot of people are using this for fraud. I don't exactly know how people are using this 3k instantly... and using it as fraud? But they are. I'm going to log into my acct right now... and check to see if I can add my card back.

[TheMoneyShot]

Sammy, when coins are in your blockchain wallet...why does it not let you SEND to another wallet?

Do you need so many confirmations first?

You need at least 1 confirm.