Pump and dump. It's where you inflate the price by buying a ton of a stock to push to price to (as an example) $100 when it's only worth $50. Then you short it.....and wait for everyone to realize it isn't work that much. When they do, they start to sell which drives the price down. Voila.
It’s plausible, but I dont think this movement is related to the theory that hedge funds/banks are accumulating just to dump and cover shorts, and buy it back cheaper. They wouldn’t start accumulating this amount of volume a few days/weeks out.
Tried to get a coworker of mine on BTC last week but he just wouldn't pull the trigger. Told him I'd come see him this week when it hit 15. Have spent the morning laughing at how much he's hating himself.
CBOE lists Sunday night. CME lists Dec 17th Nasdaq lists sometime soon, not sure exact date The biggest differences between the three will be contract sizes and the way they are settled.
Quickly shooting back up. Do we think it crashed because I shifted $50 elsewhere? It has to be my fault.
Like Trop said they inflate the price to a certain point and short it and sell off their portion. Then hopefully a sell off follows causing a quick crash in which they profit. CBOE futures start Sunday night so it's plausible that they have started to accumulate at this point. I've been trading this stuff for a little over a year now but I'm sitting entirely in BCH until this thing corrects itself.
Finally put some extra funds in Coinbase, currently only had ETH. By the time those funds settle this shit may be 30K
Go in Bittrex and pick what wallet you want to fund (BTC) and it’ll establish an address. Copy that. Now go to Coinbase to your BTC and there should be the little paper airplane button. That’ll ask you to paste the address and confirm the amount you want sent.
I can HODL later, but this is one of two things... 1) market manipulation and a dump is forthcoming OR 2) irrational exuberance/FOMO and a correction is coming
Yesterday around 10:30 AM CT, BTC took a dip to approximately $12,500. My theory is that around 10:00-10:30 AM CT, it's 8-8:30 AM PT on the west coast, and the west coast folks are waking up, seeing the price, and buying/selling resulting in the massive fluctuations that have occurred at roughly the same time 2 days in a row. My two cents.
can someone explain why it takes coinbase so long to buy BTC? I put in a purchase on monday and it says i won't have it until the 13th. So this is SUPER fun watching this run while I'm forced to sit on the sidelines...
You will get the price you bought in at (and the accompanying profit/loss during the wait). And to answer your question, funds to clear/anti-money laundering, know your customer regulation bullshit. Imagine someone steals your CC, buys bitcoin, poof it’s gone.
Is there something on Binance about buying BNB to get a discount on transactions? Worth figuring out?
Possibly but they tend to trend somewhat with BTC. Like I said above, I'm all in on BCH as it and BTC usually have a negative correlation.
If you are worried about the 7 day wait, deposit into your USD wallet, then when that clears, use that to buy BTC