/sarcasm
Topic: Big buyers flooding the market with bitcoins ? (Read 4553 times)
drug dealers? CIA/PLAAF operatives ? or 2-in-1
/sarcasm
/sarcasm
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account. Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.
Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin. As to whether this is what's going on, IDK. I'm away from home and I've really only been on the forums and glanced at charts a few times.
Overreaction to seeing the chart drop when you hit f5. They see a high volume move down and panic. I agree it wouldn't be wise to fall for such manipulation, but it doesn't seem entirely unreasonable that such a thin market with so many new traders could overreact.
I don't really care though, so toddbethell will have to field the questions from here on out. Here's one to get him started if he comes around: Do you have evidence of a large trade executing below the current bid near when the bottom dropped out?
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account. Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.
Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin. As to whether this is what's going on, IDK. I'm away from home and I've really only been on the forums and glanced at charts a few times.
Even supposing that people are actually going to care about last when Last: $5.50 Bid: $5.80 Ask: $5.90 you'll likely just run into other dark pool offers.
You may as well just make a thread saying "Hey guys I just sold 10,000BTC at $4.25"
No one cares. Open offers matter. Inexperienced traders don't all have 80% of their brains on the floor. Anyone who is reading into this shit is just as likely to read into it the opposite way that you are hoping.
I'm not sure what you are trying to say, but to be clear, I'm not hoping anyone will read anything any way. I am very minerly (pun) invested in BTC. I'm just trying to help explain the theory toddbethell is offering up all over the place. For all I know, he's trying to drive the price down by yelling "OMG look at how easily the price is manipulated".
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account. Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.
Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin. As to whether this is what's going on, IDK. I'm away from home and I've really only been on the forums and glanced at charts a few times.
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account. Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.
Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin. As to whether this is what's going on, IDK. I'm away from home and I've really only been on the forums and glanced at charts a few times.
Even supposing that people are actually going to care about last when Last: $5.50 Bid: $5.80 Ask: $5.90 you'll likely just run into other dark pool offers.
You may as well just make a thread saying "Hey guys I just sold 10,000BTC at $4.25"
No one cares. Open offers matter. Inexperienced traders don't all have 80% of their brains on the floor. Anyone who is reading into this shit is just as likely to read into it the opposite way that you are hoping.
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account. Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.
Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin. As to whether this is what's going on, IDK. I'm away from home and I've really only been on the forums and glanced at charts a few times.
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down? 
Yes, now that the manipulation has been exposed.
Someone just cleared a huge order.
Just like the US stock market, ask 100 people why the price is dropping, and you'll get 200 answers.
Fake sales driving down btc price. Can use co-conspirators, or multiple accounts. Examine the spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
It's just that S3052 started talking about christmas trees, and scared some buyers. Nothing to worry about long-term.
If BTC seriously cannot withstand a single forum guy (who is also basically just posting hedged bets of "market will go up unless it goes down" and now asking money for it) saying the market might go down, then there is a serious issue with the market going on..
Not sure why one would look at "analysis". The market depth order books show just how nutty expectations are spread: the buyers are placing a bucketload of bids near 1.0, the sellers at 7.0, 9.5 USD..
And while those sitting on BTC who are basically trying to "live" off of mining BTC eventually are forced to sell, those that want to buy in and are still living "normal lives" otherwise have no urgency to pay a premium.
Or: People have begun to realize there is no real worth behind BTC. Or there aren't enough news articles flooding in new suckers. Or..or..or..
Who knows. Going from 1$ to 8$ in less than a month never felt very sustainable..but let's see how whacky it still can get.
I'm just glad there are people/"speculators" who are actually interested in buying at 5$ for no reason other than wanting to buy at $5.
On the other hand: If enough buying can hold, it becomes self-sustainable again as sellers wait to see how high prices can go and those trying to get in don't want to miss the run higher or have it get too expensive..
Ah, market psychology. It's fun when the market is small enough to be this observable.
If you like throwing money away, I'll sell you mine at $7.
Find me when you want to dump them at $5. It could happen tonight.
This is where the rubber hits the road. Those who are in it for the long haul will stay in until the bitter end. The profiteers will drive the price down so that we can buy some cheap coins.
I do not see such a thing happen in the short term. It rather seems that there are no buyers for the generated BTC. Also i do believe that the BTC price was hyped due to recent media attention. Price is correcting itself right now.
7000-10000 new coins every day. That's up to $70,000 USD that has to be put in to the market in addition to what is already there, EVERY DAY.
The price can drop to $1.00 and I'll still be profitable. Hopefully, a bunch of the miners will drop out so it ends up being MORE profitable, but we'll see.
It could drop down to $0.10 or something ridiculous though, then all the miners leave because it's not profitable to mine anymore, then it takes 2 years to bring difficulty back down. Just sayin.
Sell all your coinz! Stop your mining! The market is C R A S H I N G!
If you like throwing money away, I'll sell you mine at $7.
Find me when you want to dump them at $5. It could happen tonight.
This is where the rubber hits the road. Those who are in it for the long haul will stay in until the bitter end. The profiteers will drive the price down so that we can buy some cheap coins.
I sold a bunch at 7 and am ready to buy at 5 as well.
If you like throwing money away, I'll sell you mine at $7.
Find me when you want to dump them at $5. It could happen tonight.
This is where the rubber hits the road. Those who are in it for the long haul will stay in until the bitter end. The profiteers will drive the price down so that we can buy some cheap coins.
Interesting theory. Not very sound, but ok.
I don't plan on dumping at $5 unless something real bad happens that would justify it. I know I'm gambling based on there actually being a use for them.
If you like throwing money away, I'll sell you mine at $7.
Find me when you want to dump them at $5. It could happen tonight.
This is where the rubber hits the road. Those who are in it for the long haul will stay in until the bitter end. The profiteers will drive the price down so that we can buy some cheap coins.
I do not see such a thing happen in the short term. It rather seems that there are no buyers for the generated BTC. Also i do believe that the BTC price was hyped due to recent media attention. Price is correcting itself right now.
If you like throwing money away, I'll sell you mine at $7.
Find me when you want to dump them at $5. It could happen tonight.
This is where the rubber hits the road. Those who are in it for the long haul will stay in until the bitter end. The profiteers will drive the price down so that we can buy some cheap coins.
Who cares about last year, I bought yesterday
Actually, I really did buy yesterday. Good thing I'm more interested in BTC than profit. : )
If you like throwing money away, I'll sell you mine at $7.
Who cares about last year, I bought yesterday
Actually, I really did buy yesterday. Good thing I'm more interested in BTC than profit. : )
there were alot of new buyers when the price was between 7 and 8.90 over the next couple weeks they will get worried and sell. the price action could get ugly.
Jump to: