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OMG sell wall
What the fuck
the great dumpening has begun
>>3405823Binance list OMGWhales want more before it goes lunar
Site is that?
>>3405823>>>3405737Check the catalog, retard.
>>3405829A sell wall is not a dump retard
It's over, it's fucking over!! Reeeeeee
Whales want to dump OMG to go all in WTC.
>>3405973>i-it's a sell wall>t-thats w-why its at asking pricebrainlet
>>3405823The whale will collect his cheap coin then remove the wall, isn't this how most pumps happen?
>it's a dump, everyone knows it's going to crash so they're getting rid of all their OMG, everyone panic, sell, sell, sell!>it's a strategic sell wall implementing by whales to suppress the price so they can accumulate before the massive moon, everyone buy, buy, buy!Let's just flip a fucking coin.
>>3406650How do they accumulate by selling?Sorry brainlet here
>>3406658Placing a sell wall makes anyone who doesn't pay attention sell their coins for less than that. The person who places that wall (and bystanders) buy it for less than that. Once the wall is gone people will buy and sell at higher prices, providing that there is volume to the coin.
>>3406658you can't sell if nobody is buying. (becuz dey tink it wil goo down fuxxin r3tr4ard)
>>3406658Notice it's above the current price. The wall is there to give the whale and his whale buddies (a pod) several hours to buy as much coin as they can at the current low price.The wall eventually gets eaten in a few hours, or they take it down. This is when the pump begins.
>>3405823guys its' gone
>>3406685>>3406679So buy now or later? got .3 btc
>>3406707this instant
Big sell wall means they want the price low. It's not a sell off.
>>3406699oh boy here we go
>>3406707be patient and don't rush into buying. wait for the dip or you wold be buying at a semi-ATH
>>3406717>>3406724never mind i'm a fucking brainlet looking at omg/eth
>>3406707Don't take my advice because I don't want to see pink wojaks later if I'm wrong, but I just bought 150 more. Even if the pump doesn't come to fruition if you hold it in the long run you'll make money
>>3406650And as you see here there are several different routes OMG can take in the future according to a few algorithms based on various variations of semitic semantics devised by calculus powerhouse trading robo genius soothsayers that have tweeted at approximate ratios in perfect click with radial symmetry.
>>3406707Let it dip a bit first
>>3406747>>3406759>>3406685>>3406734Thanks guys /biz/bros
>>3406734>>3406759So how much should oyu let it dip then?
>>3406780>>3406800Back down to $3 when the news is literally nothing.
I fomo bought in at the ATH, fortunately only $120 worth. FUCK i am so bad at crypto. This is the sixth ATH I've bought this week.
Holy fucking tits it's still there.Something very big must be about to happen.
>>3407032I hear you bro, I bought at 3 aths and ETH while it was still 300 euros. Now I only wait for dips to buy and only on coins I know I can make money on.
>>3405823Obvious market manipulation to scare stupid pajeets
>>3407055There is a whale who put up a $1 million wall
>>3407105More like a huge accumulation by chinks out of fear of the current fud regarding a China ban. OMG was SUPER resistant last time when ICO's got banned. This shit is ready for a trip to Pluto, but it's being artificially kept down.Techn Crunch Disrupt is soon.
>tfw can't make heads or tails whats going on>either someone is dumping and people who say its actually just for accumulation are trying to get rid of their bags>or its just a whale actually accumulating and trying to make a dip happen I might just HODL and hope for the best.
>>3407138This is the problem I run into all the damn time. I can identify what's happening but not zero in on WHICH of the 5 implications it has...
WE'RE AT THE FUCKING WALLLAST CHANCE TO HOP ON THIS COIN, HOMOS.
>>3407152ELON PLZ
https://twitter.com/cnLedger/status/906111094380302337omg and neo got delisted. Lots of ICO coins not looking good long term right now.
>>3407178Shit so it's a dump after all?
Holy fuck
>>3406685This. Almost always this. A whale keeping the price low so that his whale friends can buy cheap.
>>3407194If Chinese exchanges are de-listing specific ICO coins then it may be only a matter of time before exchanges like bittrex delist them as well. hence the 300btc sell order.
>>3407195Whale bot spotted
>>3407178>https://twitter.com/cnLedger/status/906111094380302337De-listed three days ago, though.
>>3407178Old fucking news
>>3407215>cnLedgerThey're only delisting Chinese coins. This is Thai. No mention of OMG coming down.
>>3407178>>3407194This happened three days ago
>>3407202more likely is people are putting sell orders in front of his to get theirs filled. dudes not going to constantly change the sell price on a huge stack every 5 seconds someone else adds a sell order. maybe if the sell order was on the 2nd to 4th page of sell orders it might be fake.
So uh, should I sell to rebuy cheaper or will this whale fuck off?
>>3407218>got delistedyeah thats why i said "got delisted" not "going to get delisted". it's still fairly recent.
>>34072623 days = 10000 years in crypto time
>>3407270lol true
>>3407280Wall is getting eaten. get ready for breakout
>>3407312its down to 215 btc nowlots of people putting up sell orders in front of the wall though. lets see if he moves it down closer to market price
its the dip boys
>>3407340So let me get this straight, if he doesn't move it it most likely is a whale keeping the price down, right? That would seem the most logical.
>>3407375buy now?
>>3407375BUY the dip. This thing will be past 12 $ no doubt tonite
The person is clearly cashing out.He put his sell order at 278k and didn't move since.Around 30% of the wall is already gone, the owner got 100 BTC out already and is waiting for his other 75000 (200 BTC) to be bought too.That's all there is to it.It's so obvious, but /biz/ always prefers the "whales are manipulating the price!!!" explanation.Chill out.
>>3407382Yes, my guess is 12 in like 4 hours. Buy now.
>>3407381Nah I think your reading into it too much.could just be a whale taking a shit not looking at his computer every second that goes by. it's just that fake walls are usually a safer distance from market price. you never know whats actually happening/intentions on the whales end though
>>3407429Yeah, I'm just gonna HODL and not buy or sell this one. I don't have that much in OMG anyways so I won't lose too much.
bought in at 11.40 with 1k omg on a 3x margin because i gotta make up for 50 omg i lost.i just wanna get back to my starting point and never daytrade again :c
>>3406621READ IT RETARDS
>>3407493>not having much in OMG>Stay poor faggot>/Biz/ Always cracks me up
>>3407526Its not that I don't want to have much in OMG, it's just that I don't have that much to put in it. Or any other crypto really.
>>3407538>an actual poorfaggot in real life>TOP KEK>Get off my boards
>>3407559>being this pathetic
>>3407559You are scum
>>3407559>contributing nothing but shit talking with meme arrows
>>3407538>>3407583>>3407627Sorry, went all in at walton 2.80. Poorfag reporting
>>3406650just did it. landed on heads, buy order is set.
>>3407559>writing in meme arrows and still acting superior
Has anyone tried targeting these huge sell walls? I know a whale capable of buying them but he has little crypto experience and is unsure what to make of them. Has anyone seen how they react to someone buying huge 100+ btc walls?
>>3407768They usually remove them, however I think they're selling desu, binance death kids
>>3407788So far I spotted huge sell walls all going up on QTUM, OMG and ARK at the same time.
>>3407816They'll be moving to USDT or into fiat
omgbro, asuh dude
>>3407831They aren't getting filled most of the time. I did see a QTUM 200 btc wall get eaten recently but these ones get pulled unless someone buys the entire wall in one huge order.
>>3407816NEO too.
>>3407816>>3407886ok now im concerned
sold at 280, rebought 274, plus 15 omg. neat
>>3407886I suspect some very large whales are causing the BTC dips on weekends when volume is low. I'm guessing they have discovered most people hodl alts even if they sell them down but the first sign of BTC crashing they sell everything.
>>3407908I checked them out and only OMG has a big sell wall, others don't, at least anymore. Something is going on though, could've sweared I saw a big wall on ARK like 20 minutes ago.
>>3407921I thought about doing it too but I'm too much of a pussy. I don't have too many coins though so it wouldn't make a huge difference anyway
Ignoring the staking reward for a moment, does the OMG token have any real value? It seems like it's only used as a utility to facilitate transactions.So why would the value keep growing as the company does?
>>3407944just do it at the right time, and maybe leave your pc after you set the order. Otherwise you might just fomo back in at the wrong time. I wanted to go to sleep and set a buy order at 264, but I did not have the balls.
>>3407957The price should keep rising as more and more companies use the service, obviously.
>>3407975I also set up an order earlier when the price was closer to the wall but chickened out at the last second. I regret it now.
>>3407943Who ever controls the ARK one pulled it. If they want out it makes no sense, they had plenty of time to sell it when the price was higher hours ago.
>>3407957Pretty sure I've read that holders are going to get a % of the transaction fees involved with using the platform.
>>3407943>swearedWow, I'm fucking tired.
WHY ISN'T IT DISAPPEARING.FUCKING THING HAS GONE DOWN 80BTC BUT IT'S STILL THERE.IS MR. WHALE ACTUALLY CASHING OUT OR IS THHIS AN ACCUMULATION PLAY. WHAT THE FUCK IS GOING ON????
>>3407985I suppose you'll have to explain it like I'm 5.Because I understand the concept of a currency increasing with increased demand, but I don't understand why an intermediary utility token that essentially only exists as a trading mechanism should increase in price simply because more people are using the exchange.It's like saying that electricity is worth more because more people use it.The cost of electricity actually goes down when that happens. Especially with the scale of the transactions -- 1 million per second? Your OMG can be used over and over and over again. Why do people need to pay for them if not through the staking system?I'm just worried that the only thing making the coin valuable is because it has a small percentage stake in transaction fees.What happens when people realize that? You're not getting a cut of Omise. Better hope those dividends are worth it.
>>3407816I don't see any sell walls on Ark on bittrex at least.
>>3408048Like I said >>3407943 I saw one sometime ago, but it propably got eaten fast since ARK is on a rise. Can't say anything about the others. I'm starting to believe this is some whale cashing out, there's no way this is just some price fuckery.
>>3408048Ark guy removes them constantly. OMG wall seems to legitimately want to sell them.
>>3408086sorry yeah didn't read the rest of the thread before replying
>>3408092OMG whale must be high.The hordes are banging at the gates.If he/she dropped it right now we would moon hard.
Okay guys, what if this whale is actually doing some kind of double stunt where he puts up a sell wall like that, lets it sell all the way down, all the while buying new cheaper. Would that work?
>>3408136>he/sheonly 2 possible genders? Cis scum.
>>3408187Its working right now.
>>3408187Once the whales wall was exposed-- sales of 3-4BTC chunks were being taken out of it. No other sale is being swallowed up in that manner...Fishy as fuck-- perhaps he's buying his own?
>>3408187Fees would probably make it not worth it.
>>3408211
>>3408187Assuming there's enough people willing to sell before the wall then yes, but thats a big gamble, especially with 100k tokens.
>>3408136So what is it>he is selling off or>he is holding off a mooongimmie a (you) with your vote
>>3408212It's working for me as long as I don't buy at the same price. So as soon as some of his OMG gets sold he rebuys it much lower
>>3408236>>he is holding off a mooon
>>3408236He's selling
What the hell is going on with this coin? guys???
>>3408236Number 2 has the freak eyes
Whale is obviously selling off all his OMG which he bought around $2 to invest in ARK. Smart man.
OP are you new? Sell walls don't mean shit. Whether the wall is removed, eaten quickly, or eaten slowly, the price will still continue its uptrend.
>>3408192>underrated
>>3408282BUT I WANT TO SEE FAST GAINS YOU CUNT!!!!
1. Someone made nice profits off OMG and wants to get off the ride to invest in something else, cash out back to fiat to buy a house, whatever, it doesn't matter.2. He places a sell order at a reasonable price and waits for people to buy.3. After a few hours, it's all bought.4. The End.What's so hard to understand?
>>3408305but what happens next
>>3408305THAT I DONT WAIT WAIT FOR A FEW HOURS I WANT FAST GAINS!!!
>>3405823welp we are at the wall boyos
>>3408404Here comes the long wai.t
>>34082362,4,1,3
Mr. Gorbachev.....
The wall is still up. 30k OMG were already eaten away. I fear he seriously wants to sell off his stack.
>>3407138Whales don't dump their shit all at once. They sell during pumps so that the price will keep going up as they sell in increments to make more money overall.
>>3408472yup. it's not a price suppression wall. it's a "let's get the fuck outta here" wall
>>3408485thanks just bought 100k
>>3408472maybe it's only half of his stack. you never know
>>3408037>>3408037Really? Nobody has anything to say about this?
>>3408475Is it possible that this whale is stupid?
>>3408472i hope he does and drop the price enough so i can scoop up some cheap OMG
>Suddenly Bancor sell wallWhales cashing out, did the bubble burst?
>>3408037The price is derived from its staking, anything else is cope
>>3408815Yeah, it burst. Don't you clearly see the crash fag-itt?
>>3408815this has terrifying implications
It's getting bigger......
>tfw a whale made it look like he put up a sell wall to buy low for future mooning, but actually it's just a trick to dump it all without the price dropping
>>3408236I think the first one might be a lizard.
>>3408980
He got me, selling off my OMG. Im sorry bros, my hands are spaghetti
>>3405823What do I do /biz/? It's 1 AM here and the wealthy china men are going to wake up at any time and I feel like I have to go to sleep. OMG can moon at any time, but if the china men start to dump hell gets loose and I will wake up to -50% loss.My reason tells me to go for USDT, but my greed tells me to just let my OMG be.
>>3409174HOLD LAD
>>3406658 they hold th price down, taking a little bit of a loss while they buy up EVERYTHING, release the flood gates (sell wall) and shit starts to FLYYYYY REEEE
>>3409174Volume decreasing wall getting biten little by little and not moving no news coming tomorrow they are faking a mooning to dump the bags
>>3409196How about fifty fifty??? I think it would be a nice compromise??
Looks like a dip is on the way.Setting a buy order for 245k.Wish me luck.
>>3409174this is a sell off, rev up those woejacksits not going +285K anytime soon
>>3409235Trust money skelly.
>>3409324Ofc, but if I dodge the chinese dump I can buy so much more OMG.
>>3409402try and sell about 278kI'll see you at 245k Omise Marine!
>>3409402What's your strategy?I sold at 270k and set a buy order at 245k.But now I'm reconsidering... thinking about day-trading some other high volume coin and then, at night before I go to sleep, setting the buy order for OMG's dip.
>>3409324What if that is skelly's stacks he's selling off?
the whale is clearly selling, anybody sane would do the same now, before OMG pulls off a full NEO and bleed slowly out
>>3409434Please let it not be so
>>3407237>dudes not going to constantly change the sell price on a huge stack every 5 seconds someone else adds a sell orderthey have programs that do this
>>3409172I went from 44.0 OMG to 44.2, 44.6 and now 44.02. Shit, this thing is hard to predict.
>>3409425Same here, sold at 275k but got a buy order at 230k Its 1AM currently I think I'm going to stay awake all night
>>3409487Tfw got +25 in 2 days with 3 trades.Very comfy.
>>3405823>people buy that shit and we get tons of green candles>OMG THE PRICE WILL CRASH SELL SELL SELL NOW!/biz/ is fucking retarded. This is a buy wall. It prevents the price of OMG from rising but once the wall has been bought out the price will be able to go up again.
ALWAYS BUY INTO A SELL WALL WHEN THE TREND IS UPCRYPTO 101
>>3409497With the sell wall intact and the price so stable and trying to break out. I wanted to, but today is not the day. For me at least.
>>3409523the wall isn't going away tho
>>3409527Well yeah, the run was fine for me too. I could just wait for BTC's price to increase and with the sellwall intact I can buy more OMG that way.
Is this it?! Is the wall coming down?!
>>3409610under 200 btc now
>>3409610No.
>>3409610How many btc? I am on mobile and going to bed. I bet it is still there when I get up.
plz rich anon buy that fucking wall for us hold for 1 year and you win lots of moniez
>>3407744i love irony
>>3409631178 btc now.
>>3409521Volume is low, this wall has been in place since this morning. Read the thread
Wall taking damage, all hands on deck
>>3408192yeah, just two - study biologyget assistance with your body identity mental issues
>>3409675Not bad. Was 190 when I checked last. Good night to you all. I hope the dip is over and we all are in the green again tommorow.
brainlet newfag here- which site are you getting the order book from??
>>3409835https://bittrex.com/Market/Index?MarketName=BTC-OMG
100btc left. om nom nom
Will it dip any more after this wall is taken down?
Another wall? There's some bullshit going on here
NEW 75 BTC WALL ADDEDguys, the whales are dumping, I suggest you dump too, OMG is going down to 180k sats by Sunday night
>>3410263It just went up again
>>3410283
>>3410281And its gone
>>3410281no whales = no huge sell walls that keep the price from risingwhere is the problem?
>>3410295He pulled right the fuck out as soon as his stack got touched
>>3410281That's not very realistic
>another wall
WHAT THE FUCK IS GHOING ON RIGHT NOW I AM SO CONFUSE
Noone drops 200 BTC on a random non ATH without some knowledge of it going down after
This whale has not and is not pulling his wall. He is dumping close to a million dollars worth of OMG. He knows something you don't. Do you really think that you're smarter than him?
>>3410333Triple 3's????What does it mean?
>>3410339yes. I too one day will cash out 1m out off some altcoin. Thats the day I sell leave 25% back in btc/eth and 75% back to fiat
>>3410339He could just have found a more promising investment or is getting back to fiat in order to buy a house or something. This 1 million USD could be 40% of his portfolio.We just don't know.Speculate all you want, but in the end we just don't know.
Pretty comfy in POSW right now. It's taking off while you guys are arguing about OMG.Join the POSW pool. The water is warm.
Fuck it I'm staying out. Worst comes to worst I lost $2000 buying in 10k later. This shit is so manipulated.
>>3410387nobody cares about your pump and dump
So many people buying.....I reallysnsjsksnsjskbsjajakanansjssbsbnzjzkzkakkakakanzznnzjsjajajakakakbsbsusbbzjsjsjajsbbshdujd jsixnzjsozbz x ,b,j, ,n,n,. Hdjsjjsjjj
I think this whale is actually just dumb, obviously other whales are buying his omg. I've never seen omg challenge a wall for so long and not come down in price, def not selling
explain to me how this is a bad thing?the whale is getting eaten.how the fuck is a dump meant to happen after this?
50btc
>>3408037stopped reading here>>It's like saying that electricity is worth more because more people use it.INCREASE IN demand for electricity drives up its price you IGNORANT FUCK BECAUSE CETERIS PARIBUS SUPPLY STAYS THE SAMEIM NEVER COMING BACK TO THIS BOARD AFTER IVE MADE MY MONEYS
WHALE DOWN
it's gone
The great wall has fallen!
holy shit next stop 350k
Commence.
Primary ignition sequence go
>>3405823Wall is down, we have liftoff
You bought his wall. Now he'll wait a bit, and then drive the price down to so can buy in cheap.
Habbening
my body is ready.
>>3410590How can he drive the price down if dumping 80k of omisego failed to drop the price even a fraction?
i sold fugg
>>3410615You did the right thing
Literally get played like a fiddle. The average IQ here is ridiculous.
Why didn't mr whale spread it out and make more? Is this some bait and switch trickery like when orcas team up to kill seals?
>>3410614Just watch. 12-24 hours from now where we'll be.
>>3408433my nigga
>>3410636maybe his bot broke after he went to bed
Everybody assuming he doesn't have another 80k to profit off after driving the hype up.
sell wall is down
siri, how to catch a flying knife?
When bitcoin recovers, OMG will be well over 13 maybe hitting 14.
>>3410595Why are you guys trading on "I don't know how they got past my 2FA" bittrex and not bitfinex
>>3410701Because that's just shitty FUD
sell wall is gone. OMG already braking out
>>3410701>> not having a 24character password length
>>3410716>1 minute candles
>>3410723in case you didnt notice for past 5 hours there was 100k sell wall at 275k sat
>>3410716>braking>implying it's slowing down
>>3410738Dropping to 11.9 soon, the moon
goddamnit i thought it was a sell off... hopefully it will di
>>3410761RIP anon
>>3410761Candlejack
>>3410771anon that's dangero
>>3410712Heikin Ashi master race
>>3409677>blah blah blah says some bullshit that makes no fucking sense "read the thread"Meanwhile price literally went up and the wall is gone. Suck my dick.
Who the fuck keeps talking about a wall?????? THERE IS NO FUCKING WALL!!!! there WAS NO FUCKING WALL!!!!!!!!!!!!!!!!!!!!!!!!! FUCK!!!!!!!!!!!
Those new walls tho
>>3410849>Heikin AshiWhat are the benefits of Heikin Ashi for volatile crypto?
anyone whos been hodling this coin for over a month knows this coin is a whales playground, they like it to increase in $2 increminents, went from $6 to $8 to $10 then to $12, coin is comfy as fuck and pretty easy to daytrade if you anticipate the news.
>>3410915Aesthetics
>>3408037Does it matter that the coin's value is linked to the volume of payments processed by the network?
>>3411814it's value is almost entirely decided by this, and at this stage is decided upon speculation of this volume. Yes it matters.
>>3412120well?
>>3412971All good. I increased my chip stack by a whopping 1.5%. Back to whale games shortly
>>3410796Dude, don't encour
>>3412971Well what?
>>3412120Couldn't the same be said for most/any coin?
>>3413103Well yeah, it can. I didn't mean to say OMG is unique in that sense, I just meant that the value of the coin is decided by the sum of its transactionary and speculative demand, disregarding supply as it's fairly irrelevant at this time. Given that the coin doesnt actually operate as intended yet, the current price is all speculation. Hence coins used more often (BTC, ETH) have higher values, and hence this one having a low value.