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.
BITCOIN DONE - SELL NOW $708. DONT be DROWNING with the ship.
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QuantumLeapSBR Hall of Famer
- 08-22-08
- 6880
#176Comment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#177Bitcoin 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.
...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 movementComment -
QuantumLeapSBR Hall of Famer
- 08-22-08
- 6880
#178
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.Comment -
QuantumLeapSBR Hall of Famer
- 08-22-08
- 6880
#179You 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 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.Comment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#180The volume in the last month or so has been somewhat decent, but these volume spikes are rare and you know it.Comment -
raiders72001Senior Member
- 08-10-05
- 11145
#181You 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 movementComment -
raiders72001Senior Member
- 08-10-05
- 11145
#182Comment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#183I'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.
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.Comment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#184I 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.
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.Comment -
LeahMicheleRestricted User
- 12-30-11
- 857
#186$582. Down nearly $100 since this morning.Comment -
raiders72001Senior Member
- 08-10-05
- 11145
#187Rocket- You have to look at more than just the USD trade amount.Comment -
QuantumLeapSBR Hall of Famer
- 08-22-08
- 6880
#188This 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.Comment -
Russian RocketSBR Aristocracy
- 09-02-12
- 43910
#189
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 marketComment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#190$553 now
Down $30 in 12 minutes?Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#19130 day low 437Comment -
LeahMicheleRestricted User
- 12-30-11
- 857
#192Wow. Down nearly 20% in 12 hours.Comment -
ThaWojSBR Hall of Famer
- 03-09-10
- 6764
#196penetrate 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.Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#197
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.Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#198Dont panic ...Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#201RR . why do you think it has to be an EX ?Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#203Now back to $556.98this thing is nuts
Comment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#205MoneyShot , Sammy has $3K Instant buy at Coinbase... comes out of ck acct in 48 hrs or lessComment -
Sam OdomSBR Aristocracy
- 10-30-05
- 58063
#207RR , P2P cash buy
happens all the time... No secretComment -
Brock LandersSBR Aristocracy
- 06-30-08
- 45359
#208Sammy, when coins are in your blockchain wallet...why does it not let you SEND to another wallet?
Do you need so many confirmations first?Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#209
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.Comment
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