@mjtrustme, it's called news and TA. but scream all you want. this is what is going on. and the selloff will crash the market. not my post here.
aheoro
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This is funny, what make's you think that they are selling coins on the markets? Who, in normal mental, state will move large amount of coins to the exchange to sell them off, and to drop down the market price? This bitcoins moves means absolutelly nothing to the trading. Maybe they just got a new cold wallet, or the guy want's to show off to his new young girlfriend)))
nexland
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@aheoro, it influenced the market the last times they did it. why do you think this time is gone be any different. it will always be 16000 extra bitcoin on the market that doesn't get bought on exchanges, thus lowering the market buying volume by 16000 BTC.
And do you think you know it better then Nobuaki Kobayashi when is the best time to sell.
Your the one that's funny here.
nexland
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@nexland, @aheoro, it is moved to kraken, so first you start spitting it is not sold on the market then it is a new cold wallet and then someone showing off to his new girlfriend.
Do your research.
aheoro
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@nexland, What came first egg or chicken? I deffienly not going to waste my time to spy someone's wallet, but might give you an advise, to do your research on thing called volume profile. You may find out that this wallet moves have nothing to do with 2017 market fall nor in timing, nor in volumes. And I wish you all the best in trading, no sarcasm here.
nexland
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@aheoro, is a chicken egg (a) egg that contains a chicken or (b) an egg laid by a chicken.
(a) the egg came first (b) the chicken came first
Now to something relevant. do you really think Nobuaki Kobayashi isn't making money on shorting bitcoin when these sell off acure.
That would be dumb, he even sold it without permission from the court the first time. He and some other wales short the shit out BTC and buy it back up when its low. let it come up some and then sell it all off again. and repeat.
Many though 10k was the end then it did almost 20k with the help of fomo and dumb money. that money isn't here yet, and neither is the 20k.
The buy volume isn't there so they do what they want.
So if u still think that this move doesn't influence the market, buy it all up then. i say DON'T lose money. but someone has to for others to make it.
GOOD LUCK TRADING
aheoro
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@nexland, I'm actually not saying that bitcoin is gonna grow, but I think people exaggerate this moves. And my point is, that this moves are not reliable instrument of analisys, not technical, not fundamental. I've seen that multiply times. I remember the days when something similiar happens on btc-e. Someone withraw big amounts of btc from and two accounts, and people who found a theory in those moves, trade trem, it does not goes well in the end og the day. Or tether prints? How many times teters been printed and it's not affect the market? Plenty, but people long/short market driven only by this "facts" It's not end well by the end of the day. Or when Rojer move 25000 btc to the exchange, or or or. So, I'm saying, to predict market move, to predict 5000 it is not enought that fact that some guy send something somewhere. This is it.
nexland
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@aheoro, that where we disagree, i'm big on TA, u can't trade without them. But the crypto market at the time, is a highly/only speculative market. Where an announcement good or bad, skyrockets or plummets the market. A market where buy the rumor, sell the news make you more money. This also works the other way around. These moves ar imposible to predict on any chart. But you can combine them in your chart and see what influance they had. that what i did. and i believe it's gone be a another big one this time.
p.s. Tether printing was one off the reasons the crypto market did so wel in 1017. An audit would clear the smoke around Tether, but i think the fire is to big to allow it. I personally think this is the biggest bubble in crypto and would move to any decent exchange (+50 alt's) that stops with Tether trading.