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November 20, 2016, 08:13:27 PM

What's the reason for the dip? Whale decided do to sell?

Couldnt break 755$ resistance after several tries. -> Dumping.

does this mean that all the "big" volume chinese exchanges are nicely waiting for bitstamp to do the move, and if bitstamp says "no", them going to dump?

yes.

ok.
bitstamp dumped about 2,5 k btc

houbi dumped about 70-80 k btc.
btcc dumped about 50 k btc.
okcoin dumped about 30 k btc.

that is about 150 k btc on the three big chinese exchanges. those "big" volumes wait for the measly 2,5 k on stamp?

150 k chinese vol. has less power than 2.5 k slowenian vol.? my guess is that chinese volume is fake by the factor of 60.  Grin

yes, i think so. chinese exchanges that drive the price are just a nice PR story for CNBC or Bloomberg but no reality if you follow the markets.

it does not fit with the other part of the story: https://www.reddit.com/r/Bitcoin/comments/5dy9tg/we_have_tried_to_calculate_the_amount_of_money/?st=ivqye9d3&sh=308a9ae8

Quote
We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. - KNC CEO

weird.