Again the same as August 22... +$ 300 in just 10 minutes - page 2.

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: LFC_Bitcoin on August 28, 2018, 06:21:17 AM

Do I detect a non believer & non HODLER?

Bro I thought you were a bullish OG?

I believe in BTC.

I also believe the platforms for buying and selling it are largely an empty computer game at the moment.

It's no different to the Gox only days when one person put up sell walls tens of thousands of coins high.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: gentlemand on August 28, 2018, 06:19:07 AM

Quote from: reactorjuno on August 28, 2018, 04:49:34 AM

Thoughts perhaps?

I would presume that all that's left in this market is bots, nutters and scalpers.

The only thing left for them to do is attempt to rape each others' shorts and longs hence the super violent moves. They do their best to clear everyone out and then start again.

Is it 'manipulation'? Yes. So were all previous tactics too.

Do I detect a non believer & non HODLER?

Bro I thought you were a bullish OG?

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

Quote from: reactorjuno on August 28, 2018, 04:49:34 AM

Thoughts perhaps?

I would presume that all that's left in this market is bots, nutters and scalpers.

The only thing left for them to do is attempt to rape each others' shorts and longs hence the super violent moves. They do their best to clear everyone out and then start again.

Is it 'manipulation'? Yes. So were all previous tactics too.

reactorjuno

member

Activity: 322

Merit: 43

Quote from: dothebeats on August 28, 2018, 05:33:21 AM

So you're trying to imply that these sudden rises are the works of Tether printing out money? It could be an eventful happenstance though I find it unlikely that traders are buying bitcoin whenever new money is printed in Tether. Or perhaps insider trading is aligned with Tether's printing of new money; there's just too many possibilities that it's quite impossible to correlate one thing to bitcoin's price rise anymore. We all know that bitcoin is a highly volatile asset but we are still somewhat in-denial of it being highly susceptible to large-scale manipulation even after years. Perhaps Tether could answer your question, but if the pattern isn't broken for the next sudden rises, we can all attribute it to traders buying bitcoin whenever Tether prints out new money.

I cannot be sure, maybe a little of paranoia on my end too. But I am starting to have some kind of vendetta against Tether! Graphs... no worries, I can deal with that every day, but I still have trouble predicting when these gentlemen decide to print USDT.

By the way, perhaps time to sell soon:

Even if I am optimistic for 2019.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

So you're trying to imply that these sudden rises are the works of Tether printing out money? It could be an eventful happenstance though I find it unlikely that traders are buying bitcoin whenever new money is printed in Tether. Or perhaps insider trading is aligned with Tether's printing of new money; there's just too many possibilities that it's quite impossible to correlate one thing to bitcoin's price rise anymore. We all know that bitcoin is a highly volatile asset but we are still somewhat in-denial of it being highly susceptible to large-scale manipulation even after years. Perhaps Tether could answer your question, but if the pattern isn't broken for the next sudden rises, we can all attribute it to traders buying bitcoin whenever Tether prints out new money.

DeathAngel

legendary

Activity: 3262

Merit: 1614

#1 VIP Crypto Casino

Personally the manipulation doesn’t bother me as long as it’s upward price manipulation. Obviously it bothers me when there’s controlled shorting going on.

Wake me up at $10,000.

reactorjuno

member

Activity: 322

Merit: 43

Quote from: Don Pedro Dinero on August 28, 2018, 04:58:39 AM

Bitcoin is a highly volatile asset, so it’s not surprising for me. Before investing in bitcoin I’ve invested in stocks (blue chips) and stock funds, which, compared to bitcoin have low volatility. In the past 24 hours it’s gone up 3%, which seems to me like KO or JNJ going up 0,3% in the last session.

Not buying it.

Besides... The rise of August 22: volume of +100 Million in one hour
Today's rise: volume of +50 Millions in one hour

Which corresponds precisely to the number of Tether emitted on August 22 and today. I'll leave it here Cheesy

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

Bitcoin is a highly volatile asset, so it’s not surprising for me. Before investing in bitcoin I’ve invested in stocks (blue chips) and stock funds, which, compared to bitcoin have low volatility. In the past 24 hours it’s gone up 3%, which seems to me like KO or JNJ going up 0,3% in the last session.

reactorjuno

member

Activity: 322

Merit: 43

Well, as a crypto-enthusiast, obviously every rise should be good news.

However, when I see that without much reason, bitcoin price goes up $ 300 in just 10 minutes, then I wonder.
The volume is not the same as August 22, but the reaction is still very similar, a damn green candle for no reason .
On August 22, Tether had printed 100M (if I am not wrong) and today 50M.

That's why I do not really know what to think about these magic rises.

Rise day after day = good sign
Rise after some great news = good sign
Rise without reason at 2 AM in the morning EXACTLY like August 22, that's just weird.

Thoughts perhaps?

Topic: Again the same as August 22... +$ 300 in just 10 minutes - page 2. (Read 395 times)