What in the hell just happened on bter

Tuck Fheman · February 23, 2015, 08:20:35 PM

Quote from: Ander on February 13, 2015, 10:03:27 PM
Yes. :)

pro, semi, fun?

cube · February 14, 2015, 06:20:46 AM

Quote from: Ander on February 13, 2015, 09:18:47 PM
Tomorrow's headline on cointelegraph:

"Developers crash price of their own cryptocurrency to try and pay their taxes". :D

Unfortunately, the devs are being forced to sell bts cheap (tax deadline). But good time for the community to buy in and support. :)

Ander · February 13, 2015, 10:03:27 PM

Quote from: Tuck Fheman on February 13, 2015, 10:02:26 PM
Quote from: Ander on February 13, 2015, 07:46:59 PM
Buying crashes is +EV.

You play poker?

Yes. :)

Tuck Fheman · February 13, 2015, 10:02:26 PM

Quote from: Ander on February 13, 2015, 07:46:59 PM
Buying crashes is +EV.

You play poker?

Ander · February 13, 2015, 09:18:47 PM

Tomorrow's headline on cointelegraph:

"Developers crash price of their own cryptocurrency to try and pay their taxes". :D

Ander · February 13, 2015, 09:13:34 PM

Quote from: toast on February 13, 2015, 09:02:16 PM
Super squeeze on everyone who didn't plan for taxes.

File for extensions?

toast · February 13, 2015, 09:02:16 PM

Super squeeze on everyone who didn't plan for taxes.

Ander · February 13, 2015, 08:46:05 PM

Quote from: Ander on February 13, 2015, 08:29:40 PM
The rebound seems over, it took us all the way back up, thats a really good sign.

Now its time for dump part 2, the retest. Should take us about halfway back down, so maybe 3450? Put in buy orders in that range imo. Might get more cheap bts.

It worked! Just rebought the ones I sold at 3900.

Helikopterben · February 13, 2015, 08:43:10 PM

Capitulation!

Ander · February 13, 2015, 08:29:40 PM

The rebound seems over, it took us all the way back up, thats a really good sign.

Now its time for dump part 2, the retest. Should take us about halfway back down, so maybe 3450? Put in buy orders in that range imo. Might get more cheap bts.

Ander · February 13, 2015, 08:26:47 PM

Quote from: Rune on February 13, 2015, 08:14:43 PM
Actually it really doesn't. BTS is so weak right now that it won't take much to cause a panic. If a whale dumped now then it could completely crush us, so no one would do that with the intention of buying back in later.

The panic was bought very hard. We drove it all the way back up in an hour. This was nice, I got some free btc. Will either buy again cheap or put it back into the small alts I liquidated to buy the crash.

infovortice2013 · February 13, 2015, 08:20:25 PM

haha bter chat is fun

hpenvy2 · February 13, 2015, 08:17:52 PM

Who knows, the market will figure it out. We can't be surprised that some larger holders are looking to liquidate with our huge delays. It's always a good time to buy until we hit a new low.
I'm holding. With the lightweight and hedge wallet being developed, I'm counting on big gains in the next 6 months.

infovortice2013 · February 13, 2015, 08:15:15 PM

sure i prefer he dump more price before to buy 7 btc selling wall at 3890

2.2 good price to make buying wall with cyclon

Rune · February 13, 2015, 08:14:43 PM

Quote from: Akado on February 13, 2015, 08:05:31 PM
Quote from: Ander on February 13, 2015, 08:03:11 PM
Quote from: Akado on February 13, 2015, 08:00:49 PM
Well, if there's in fact, whales dumping, don't forget v1.0 is near so it only makes sense to pick them cheap now as the price goes up in the near future. It can be someone taking advantage of that just waiting for a big profit

Yep, BUY! Make this bear dumper feel horrible!! Hehe.
I actually meant this 'bear' - if he exists - could be doing that on purpose to pick them cheap again before we release v1.0 and make a profit. It only makes sense to do so.

Actually it really doesn't. BTS is so weak right now that it won't take much to cause a panic. If a whale dumped now then it could completely crush us, so no one would do that with the intention of buying back in later.

Ander · February 13, 2015, 08:08:59 PM

Quote from: Akado on February 13, 2015, 08:05:31 PM

I actually meant this 'bear' - if he exists - could be doing that on purpose to pick them cheap again before we release v1.0 and make a profit. It only makes sense to do so.
[/quote]

Lets all make him fail at this attempt then. :P
He dumped HARD to 3000. If the price stabilizes in the upper 3000s and doesnt go down, then he got destroyed, and he gets to watch the light wallet get released and so on, and the price go higher while knowing he sold the bottom.

Akado · February 13, 2015, 08:05:31 PM

Quote from: Ander on February 13, 2015, 08:03:11 PM
Quote from: Akado on February 13, 2015, 08:00:49 PM
Well, if there's in fact, whales dumping, don't forget v1.0 is near so it only makes sense to pick them cheap now as the price goes up in the near future. It can be someone taking advantage of that just waiting for a big profit

Yep, BUY! Make this bear dumper feel horrible!! Hehe.

I actually meant this 'bear' - if he exists - could be doing that on purpose to pick them cheap again before we release v1.0 and make a profit. It only makes sense to do so.

Ander · February 13, 2015, 08:03:11 PM

Quote from: Akado on February 13, 2015, 08:00:49 PM
Well, if there's in fact, whales dumping, don't forget v1.0 is near so it only makes sense to pick them cheap now as the price goes up in the near future. It can be someone taking advantage of that just waiting for a big profit

Yep, BUY! Make this bear dumper feel horrible!! Hehe.

Akado · February 13, 2015, 08:00:49 PM

Well, if there's in fact, whales dumping, don't forget v1.0 is near so it only makes sense to pick them cheap now as the price goes up in the near future. It can be someone taking advantage of that just waiting for a big profit

Ander · February 13, 2015, 07:56:38 PM

Possibility 3: You guys are having a mumble session somewhere, and some really bad news got spilled, and someone listening dumped everything? (I am just grasping at straws here looking for anything that could have been the cause).

Ander · February 13, 2015, 07:46:59 PM

Buying crashes is +EV.

Akado · February 13, 2015, 07:44:24 PM

and someone buying 700k bts on btc38

infovortice2013 · February 13, 2015, 07:38:43 PM

you think supossed bear finish? maybe is going deeper

noy buying resistance

lil_jay890 · February 13, 2015, 07:38:32 PM

Short some bitUSD!!

Ander · February 13, 2015, 07:34:09 PM

I sold every scrap of almost every other altcoin I have and am getting filled around 3300! Wish I had more to buy with.

Ander · February 13, 2015, 07:30:18 PM

Seriously. I got filled at 3200.

Two explanations I can think of:
1) Very very desperate bear.
2) Someone hacked bter's BTS supply and dumped it.