Feathercoin on the rise :-)
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[quote name=“mirrax” post=“58519” timestamp=“1392141398”]
[quote author=surfguy72 link=topic=7536.msg58509#msg58509 date=1392139265]
The buy wall on BTC-E has grown to 1200 BTC… 4 million FTC.Is there something to be worried about? One side of me says, great, someone or group won’t be pulling their money out anytime soon buying at .0004, but at the same time, this person/group is buying up a vast quantity that could potentially sway their market to their whims.
Things that make you go hmmm…
[/quote]When I considered how much FTC whale absorbed at 0.0004 I think it is quite safe to buy now. Unless whale is stupid, he(she/they) have to pump it much more to make some profit.
[/quote]Thanks Mirrax, I was starting to think the same thing. I can come up with alot of situations how this a good thing, and unless this person/group proves to be foolish, they are getting heavy into FTC due to some good knowledge of its adoption.
With so much BTC news hitting main stream, its time for Alt Crypto’s to drop their “Alt” and become more widely adopted.
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Has the whale gone?
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[quote name=“MrWyrm” post=“58669” timestamp=“1392207252”]
Has the whale gone?
[/quote]Yes, but there’s a giant 1900 BTC sell wall now at 0.00041
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What will the effect of the sell wall be?
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possible price decrease as it will look to the untrained as if everyone is selling.
also if buy wall is gone there is less resistance to the sellers
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Whale back again at the same price?
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2.5k sell order at 0.5 and a 1.9k buy order at 0.4 :-\
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I’m not familiar with the rules of this chess game. I think doing a Rip Van Winkle is in order.
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Im not either to be fair I think even with the large player(s) whales making noise the market is still very unpredictable.
I think it was more of the intention of the whale I was getting at. although if he is buying and selling big who knows what’s going on?
Is he trying to stabilise the market for us. (lets hope so)
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I have to admit, this whale IS an idiot.
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[quote name=“Pancrisp” post=“58670” timestamp=“1392207468”]
[quote author=MrWyrm link=topic=7536.msg58669#msg58669 date=1392207252]
Has the whale gone?
[/quote]Yes, but there’s a giant 1900 BTC sell wall now at 0.00041
[/quote]That’s not the way to pump it! Had he waited until next week before removing sell wall, he’ll profit.
Stupid whale LOL
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How do we know it’s a single whale?
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[quote name=“MrWyrm” post=“58695” timestamp=“1392213616”]
How do we know it’s a single whale?
[/quote]There’s no way he’d have a girlfriend if he’s doing crap like that.
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[quote name=“mirrax” post=“58691” timestamp=“1392212948”]
I have to admit, this whale IS an idiot.
[/quote]Soaking up so much at .4 and now selling them all at .41 LOL
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[quote name=“Pryderi” post=“58700” timestamp=“1392215137”]
[quote author=mirrax link=topic=7536.msg58691#msg58691 date=1392212948]
I have to admit, this whale IS an idiot.
[/quote]Soaking up so much at .4 and now selling them all at .41 LOL
[/quote]Price will drop before he even have a chance to sell…
but could he be wanting the price to drop by setting the sell wall, and then buy even more later?
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[quote name=“MTRisner” post=“58697” timestamp=“1392214150”]
[quote author=MrWyrm link=topic=7536.msg58695#msg58695 date=1392213616]
How do we know it’s a single whale?
[/quote]There’s no way he’d have a girlfriend if he’s doing crap like that.
[/quote]Hahahaha
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Oh wait! the buy order is in again… :o
knew it, he was trying to pull down the price first
[img]http://imageshack.com/a/img855/7364/1vop.jpg[/img]
I was so close to selling, glad I did not or I would have been trapped by him.
I wanted to clear all my 100k FTCs at 0.00039 before buying it back when it crashes -
I like to think I’ve learnt something watching this lot unfold. I sold a load of FTC at .00040 as soon as the whale landed hoping to buy back after the whale left. Am I correct in saying, If I’d have waited for the whale’s buy order to hike the price I could have sold higher and then be enjoying some of the volatility of the whale above 0.00040? Am I technically stuck at 0.00040 because that’s what the whale is trading at?
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This economics game is interesting to watch… how are you guys so certain that the price will collapse? I mean… selling 100k FTC for 0.0004 waiting for it go to 0.0003. What if it goes to 0.0005 or 0.005 instead?
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[quote name=“Thytos” post=“58712” timestamp=“1392218726”]
This economics game is interesting to watch… how are you guys so certain that the price will collapse? I mean… selling 100k FTC for 0.0004 waiting for it go to 0.0003. What if it goes to 0.0005 or 0.005 instead?
[/quote]Clearly this is a manipulation by 1 individual. If the price goes up gradually with the buy support of many, I wouldn’t sell my FTCs at all.
He’s simply creating a false impression of the price rising for people to start buying, afterwards when he sells them. He’ll gain a healthy profit over 0.00045++ when his buying price is only 0.0003~0.0004
