Back to $680. So obvious this is a pump. - page 4.

nottm28

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Quote from: jonald_fyookball on June 01, 2014, 02:43:57 PM

Quote from: nottm28 on June 01, 2014, 02:38:10 PM

This is market manipulation for sure - it pisses me off only becuase I haven't got $250k worth of coins to 'play' about with and join in the quick buck gains...

how are you defining "market manipulation"?

How do you know its not a large seller taking profits from
a trade that started weeks ago in the $400s?

How do you know its many traders taking profits because
price has entered overbought territory?

How do you know its not miners unloading coins?

Market manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency. Market manipulation is prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2)[1] of the Securities Exchange Act of 1934, in Australia under Section 1041A of the Corporations Act 2001, and in Israel under Section 54(a) of the securities act of 1968. The Act defines market manipulation as transactions which create an artificial price or maintain an artificial price for a tradeable security.

Wikipedia definition - Are you saying this isn't happening?

It's not against the law when it comes to BTC as this market is unregulated...

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: nottm28 on June 01, 2014, 02:38:10 PM

This is market manipulation for sure - it pisses me off only becuase I haven't got $250k worth of coins to 'play' about with and join in the quick buck gains...

how are you defining "market manipulation"?

How do you know its not a large seller taking profits from
a trade that started weeks ago in the $400s?

How do you know its many traders taking profits because
price has entered overbought territory?

How do you know its not miners unloading coins?

nottm28

hero member

Activity: 574

Merit: 500

This is market manipulation for sure - it pisses me off only becuase I haven't got $250k worth of coins to 'play' about with and join in the quick buck gains...

superresistant

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Let's look at the facts :

No bad news for weeks.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: helmax on June 01, 2014, 02:32:36 PM

its a test of the bot
when finished price drop again Huh

With all due respect, WTF are you talking about?
Bots can't move the price any more than normal traders can.

CurbsideProphet

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Quote from: bananas on June 01, 2014, 02:29:02 PM

I understand it as an atificial pump from bitstamp or someone else, there were many large purchases on the high price for no reason, no big deal dish accepting bitcoin...Someone(s) so wealthy to make this pump would be schooled enough to know he was buying on the wrong momment.

If someone is pumping it doesn't matter if he buys high so long as someone else buys higher. Bitcoin despite the progress is still a relatively illiquid market making it easy to manipulate if you have a lot of $$$.

And this belongs in speculation.

helmax

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its a test of the bot
when finished price drop again Huh

bananas

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I understand it as an atificial pump from bitstamp or someone else, there were many large purchases on the high price for no reason, no big deal dish accepting bitcoin...Someone(s) so wealthy to make this pump would be schooled enough to know he was buying on the wrong moment.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Well, that didn't last long:

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: BittBurger on June 01, 2014, 01:35:25 PM

Disclaimer: Playing devils advocate here. And I hope im dead wrong.

We're back to the peak of the last spike. Right before the convenient fake bad news came out, and the price conveniently crashed. All on FUD.

What bad news is going to come out this coming week to make the price crash again?

------

Genuine adoption and commerce don't make the price go up $250 in a week and a half. That's got to be a pump. Agree or disagree?

I used to argue with people who claimed BTC price was being manipulated.

Then I learned through experience that BOTS, Fake news stories, and whales may be playing around a bit.

We can safely say Bitcoins actual value right now is about $450. Is the rest just large holders making profits?

I wonder what announcement will go live next week to justify a crash, and make it look like "investor confidence was lost".

Again - here's to me being very wrong!

-B-

You act like you've never seen the ups and downs in a financial instrument before.

Prices bounce around all over the place, whether its stocks, currencies, commodities, etc.
Sometimes it might be large players, sometimes it might be overall sentiment, sometimes
it can be news, traders taking profits, etc. At the end of the day, price moves because of buyers and sellers,
supply and demand, etc.

Saying the "actual value is $450" when the market value is much higher
is simply your personal opinion, and opinions are meaningless here.

Also, its a big principle of price action, that spikes indicate the start of a trend.
Given that price already had a long bear run, then settled into a channel
in the $400s... this is most likely a breakout to the upside and the start
of a new bull trend.

ncsupanda

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Luckily the price of BTC is still above 0. Time to buy. Cool

btcton

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Quote from: jc01480 on June 01, 2014, 02:04:14 PM

Dumped. I suspect a pump and dump.

Back up to $640-$650. It's jumping all around at this point.

helmax

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is always the same fuckers bfl knc avalon bitfury .... and more more

jc01480

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Nope..

Dumped. I suspect a pump and dump.

AstralWonder

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Quote from: BittBurger on June 01, 2014, 01:35:25 PM

Disclaimer: Playing devils advocate here. And I hope im dead wrong.

We're back to the peak of the last spike. Right before the convenient fake bad news came out, and the price conveniently crashed. All on FUD.

What bad news is going to come out this coming week to make the price crash again?

------

Genuine adoption and commerce don't make the price go up $250 in a week and a half. That's got to be a pump. Agree or disagree?

I used to argue with people who claimed BTC price was being manipulated.

Then I learned through experience that BOTS, Fake news stories, and whales may be playing around a bit.

We can safely say Bitcoins actual value right now is about $450. Is the rest just large holders making profits?

I wonder what announcement will go live next week to justify a crash, and make it look like "investor confidence was lost".

Again - here's to me being very wrong!

-B-

Good call.

BittBurger

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Quote from: ?? on ??

Quote from: BittBurger on June 01, 2014, 01:59:59 PM

It just dropped to $618 and you're still telling me im wrong?

Yes, you are wrong.

Then you're a special kind of dumb.

-B-

BittBurger

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Activity: 924

Merit: 1001

It just dropped to $618 and you're still telling me im wrong?

I want to know who the assholes are that are screwing with the price and making bitcoin so volatile, making it lose the respect of the masses for their own financial gain.

-B-

helmax

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Activity: 440

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this is fucking willy bot in action

cant be the real price

J_Dubbs

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$450? Based on what? Your feelings?

I think what you are trying to establish is a firm foundation value. Without future cash flows to discount or a balance sheet you can't really have a firm foundation value. This is a speculative investment, everything is based on supply and demand. BTC is a castle in the air, and we all hope for a greater fool to buy in later and make the price go higher. Plenty of great investments were speculative castles in the air, like MSFT back in the 80s. All this is outlined in Random Walk Down Wall Street, and basically my point here is that nobody has a freaking clue where BTC is headed. It's very likely there is manipulation happening, but that exists in all markets where money is trading hands.

howardb

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Quote from: BittBurger on June 01, 2014, 01:35:25 PM

Disclaimer: Playing devils advocate here. And I hope im dead wrong.

We're back to the peak of the last spike. Right before the convenient fake bad news came out, and the price conveniently crashed. All on FUD.

What bad news is going to come out this coming week to make the price crash again?

------

Genuine adoption and commerce don't make the price go up $300 in a week and a half. That's got to be a pump. Agree or disagree?

I used to argue with people who claimed BTC price was being manipulated.

Then I learned through experience that BOTS, Fake news stories, and whales may be playing around a bit.

We can safely say Bitcoins actual value right now is about $450. Is the rest just large holders making profits?

I wonder what announcement will go live next week to justify a crash, and make it look like "investor confidence was lost".

Again - here's to me being very wrong!

-B-

You may or may not be right, but your just speculating, it could just as easily be genuine herd mentality investing, or a big player accumulating, a pump or...
There is simply no point to the speculation unless you can back it up with something.

Topic: Back to $680. So obvious this is a pump. - page 4. (Read 5629 times)