I don't understand what you guys are complaining about. I was holding some btc and some usd on bitfinex, I sold my btc when it rose this morning and am waiting to buy back in. Apparently you were just holding usd and that's why you guys think this spike was evil manipulation? just because the market doesn't go your way does not mean it's manipulation by a few evil people on the masses. What it means is you were at the wrong end of the swing, end of story.
Btw, I'm all usd right now and if it rises I won't think conspiracy, I will just think I should have hedged my bet by leaving some btc. My mistake, not the market's. Trying to understand the mindset you guys seem to have just gives me a headache.
Topic: Bitcoin looking very weak at mid $600 - page 3. (Read 4577 times)
It's all a complete mess now, the manipulation that drives the market has become so painfully obvious that even the most perma of perma-bulls can't deny it. The "noveau riche" as you call them are just lining their pockets further at the expense of practically everyone else. This only ends when it becomes nearly impossible (or not worth their effort) to manipulate because all the suckers have been scared off and they have no one left to shake down, but that could take a long, long time as noobs continue to pile in. People who think multi-billion investment is just around the corner are utterly deluded, who in their right mind is going to enter this market with vast sums of money?
I genuinely believed we were entering final capitulation, blood on the streets, blah blah blah, christ I'm even writing those posts myself now. What a great time to buy!!! Yeah right... bitcoin is completely fubar at this moment in time.
I genuinely believed we were entering final capitulation, blood on the streets, blah blah blah, christ I'm even writing those posts myself now. What a great time to buy!!! Yeah right... bitcoin is completely fubar at this moment in time.
It's all a complete mess now, the manipulation that drives the market has become so painfully obvious that even the most perma of perma-bulls can't deny it. The "noveau riche" as you call them are just lining their pockets further at the expense of practically everyone else. This only ends when it becomes nearly impossible (or not worth their effort) to manipulate because all the suckers have been scared off and they have no one left to shake down, but that could take a long, long time as noobs continue to pile in. People who think multi-billion investment is just around the corner are utterly deluded, who in their right mind is going to enter this market with vast sums of money?
I genuinely believed we were entering final capitulation, blood on the streets, blah blah blah, christ I'm even writing those posts myself now. What a great time to buy!!! Yeah right... bitcoin is completely fubar at this moment in time.
I genuinely believed we were entering final capitulation, blood on the streets, blah blah blah, christ I'm even writing those posts myself now. What a great time to buy!!! Yeah right... bitcoin is completely fubar at this moment in time.
Seems like the little surge earlier today was from the noveau riche TA 101A society.
It occurred as 4Hr MACD and PSAR were switching to long signal. Bitcoin rose on low volume, with huge dumps up near the top consisting of much of the big green 15 minute bar that appears to drive the price up. Since then nothing. Any volume has been downwards volume.
I had lower 600's, higher 500's as consolidation/accumulation zone but seeing the complete lack of interest at the mid $600's has me thinking my money would be better placed in lower 500's.
It occurred as 4Hr MACD and PSAR were switching to long signal. Bitcoin rose on low volume, with huge dumps up near the top consisting of much of the big green 15 minute bar that appears to drive the price up. Since then nothing. Any volume has been downwards volume.
I had lower 600's, higher 500's as consolidation/accumulation zone but seeing the complete lack of interest at the mid $600's has me thinking my money would be better placed in lower 500's.
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