bots and manipulation. | Bitcointalksearch.org

billyjoeallen

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Quote from: MatTheCat on January 22, 2014, 11:10:04 PM

Quote from: RicePicker on January 22, 2014, 10:59:10 PM

TBH you entered the market when litecoins was at the same point bitcoins was at a couple years back. If you placed 1k into ltc at $2-$3 you probably would have made much more than whatever you placed into bitcoins.

Had a small punt on Litecoins..thought about doing when Litecoins were 'too expensive' at $4 USD, finally bought in at $13, sold at $41...

....fkn glad I sold, although I kept a few back...

...bought some Quarks as well cos I like Bill Still, an honest guy, although a complete muppet when it comes to backing a winner.

Quote from: billyjoeallen on January 22, 2014, 11:02:28 PM

You think November/December was the most volatile time? That's empirically false. It's actually getting much less volatile. Downright boring, even. If you made money, you even helped make it so. Thanks! That'll mean more profits for me in the long run.

Oh, so you think this is over then do you?

all stabilisation and trending from here is it?

I dunno and it doesn't matter. I profit from stability. I profit from volatility. The incentives are in place for volatility to decrease over time and if economics teaches us anything, it's that incentives work if they are strong enough.

MatTheCat

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Quote from: RicePicker on January 22, 2014, 10:59:10 PM

TBH you entered the market when litecoins was at the same point bitcoins was at a couple years back. If you placed 1k into ltc at $2-$3 you probably would have made much more than whatever you placed into bitcoins.

Had a small punt on Litecoins..thought about doing when Litecoins were 'too expensive' at $4 USD, finally bought in at $13, sold at $41...

....fkn glad I sold, although I kept a few back...

...bought some Quarks as well cos I like Bill Still, an honest guy, although a complete muppet when it comes to backing a winner.

Quote from: billyjoeallen on January 22, 2014, 11:02:28 PM

You think November/December was the most volatile time? That's empirically false. It's actually getting much less volatile. Downright boring, even. If you made money, you even helped make it so. Thanks! That'll mean more profits for me in the long run.

Oh, so you think this is over then do you?

all stabilisation and trending from here is it?

billyjoeallen

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Quote from: MatTheCat on January 22, 2014, 10:51:32 PM

Quote from: billyjoeallen on January 22, 2014, 10:40:37 PM

So if I succeed, it's luck but if you succeed, it's cuz you deserved it? Gotcha. Class act. This ain't this silver market, Cowboy. Granted, like silver and gold, bitcoin is recognizable, fungible, portable, divisible and scarce, but more so. Price discovery is what we do. If it was easy, those retards on Wall Street would be doing it. Momentum-chasing lemmings. Good for a laugh.

I never said that I deserved a penny of what I have gained in Bitcoin. To be honest, sometimes I have felt like a thief. Difference between you and I, is that you jumped in at a time when any fool with $100 in his back hipper could have made a fortune. I have came in with a speculative mindset at practically the most volatile phase in Bitcoins history. Since I started investing in Bitcoin, I have seen much more downside than up occur in market and I cant afford to be an idiot cos I have real hard earned capital at stake and I have no intention of letting any of it land up in some market manipulating bot-meister sonovabitch's bank account.

Had I listened to nearly any of the advice (notable exceptions notwithstanding) I have been given here, I would be in the fkn poor house by now.

You think November/December was the most volatile time? That's empirically false. It's actually getting much less volatile. Downright boring, even. If you made money, you even helped make it so. Thanks! That'll mean more profits for me in the long run.

RicePicker

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RicePicker

Quote from: MatTheCat on January 22, 2014, 10:51:32 PM

Quote from: billyjoeallen on January 22, 2014, 10:40:37 PM

So if I succeed, it's luck but if you succeed, it's cuz you deserved it? Gotcha. Class act. This ain't this silver market, Cowboy. Granted, like silver and gold, bitcoin is recognizable, fungible, portable, divisible and scarce, but more so. Price discovery is what we do. If it was easy, those retards on Wall Street would be doing it. Momentum-chasing lemmings. Good for a laugh.

I never said that I deserved a penny of what I have gained in Bitcoin. To be honest, sometimes I have felt like a thief. Difference between you and I, is that you jumped in at a time when any fool with $100 in his back hipper could have made a fortune. I have came in with a speculative mindset at practically the most volatile phase in Bitcoins history. Since I started investing in Bitcoin, I have seen much more downside than up occur in market and I cant afford to be an idiot cos I have real hard earned capital at stake and I have no intention of letting any of it land up in some market manipulating bot-meister sonovabitch's bank account.

Had I listened to nearly any of the advice (notable exceptions notwithstanding) I have been given here, I would be in the fkn poor house by now.

TBH you entered the market when litecoins was at the same point bitcoins was at a couple years back. If you placed 1k into ltc at $2-$3 you probably would have made much more than whatever you placed into bitcoins.

MatTheCat

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Quote from: billyjoeallen on January 22, 2014, 10:40:37 PM

So if I succeed, it's luck but if you succeed, it's cuz you deserved it? Gotcha. Class act. This ain't this silver market, Cowboy. Granted, like silver and gold, bitcoin is recognizable, fungible, portable, divisible and scarce, but more so. Price discovery is what we do. If it was easy, those retards on Wall Street would be doing it. Momentum-chasing lemmings. Good for a laugh.

I never said that I deserved a penny of what I have gained in Bitcoin. To be honest, sometimes I have felt like a thief. Difference between you and I, is that you jumped in at a time when any fool with $100 in his back hipper could have made a fortune. I have came in with a speculative mindset at practically the most volatile phase in Bitcoins history. Since I started investing in Bitcoin, I have seen much more downside than up occur in market and I cant afford to be an idiot cos I have real hard earned capital at stake and I have no intention of letting any of it land up in some market manipulating bot-meister sonovabitch's bank account.

Had I listened to nearly any of the advice (notable exceptions notwithstanding) I have been given here, I would be in the fkn poor house by now.

gentlemand

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Insulting every single person you can get your hands on isn't going to deliver the price drop you want. Just saying.

A reasonable amount of manners cost even less than cheap BTC.

billyjoeallen

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Quote from: MatTheCat on January 22, 2014, 10:22:30 PM

Quote from: billyjoeallen on January 22, 2014, 10:17:24 PM

This peon has a paid for truck and motorcycle and all I had to do was buy and hold for a year. This peon still has 57% on the coins I started with at $10/coin. This peon has a net worth higher than his doctor mother all because I didn't lose my nerve when the FUD rained down. This peon took the hits, rode out the panics and now I'm s'posed to feel sorry for you for not having the stones to keep your cool? Ok. my bad.

Yep, Bitcoin has created lots of lucky peons that are able to give up their jobs flipping burgers.

So if I succeed, it's luck but if you succeed, it's cuz you deserved it? Gotcha. Class act. This ain't this silver market, Cowboy. Granted, like silver and gold, bitcoin is recognizable, fungible, portable, divisible and scarce, but more so. Price discovery is what we do. If it was easy, those retards on Wall Street would be doing it. Momentum-chasing lemmings. Good for a laugh.

fonzie

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This was a serious thread about bot manipulation until you came in here and insulted everyone as loser and idiots who contributed something to the topic.
If you´re not BTC to 100k$ in 2014 on bitcointalk you are about to be affronted in here. Even happened when i was calling MtGox a scam(They´re rock solid btw). Cheesy

MatTheCat

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Quote from: billyjoeallen on January 22, 2014, 10:17:24 PM

This peon has a paid for truck and motorcycle and all I had to do was buy and hold for a year. This peon still has 57% on the coins I started with at $10/coin. This peon has a net worth higher than his doctor mother all because I didn't lose my nerve when the FUD rained down. This peon took the hits, rode out the panics and now I'm s'posed to feel sorry for you for not having the stones to keep your cool? Ok. my bad.

Yep, Bitcoin has created lots of lucky peons that are able to give up their jobs flipping burgers.

Good for you. Just don't delude yourself into thinking that you are rich because you are smart, cos you clearly aren't.

Quote from: Stevenrm87 on January 22, 2014, 10:18:47 PM

How could you be up thousands if you bought over 1k per btc yet are so pissed at the people saying to buy at any price? Makes no sense. My guess is you bought above 1k and panic sold on the drop and are now DOWN thousands (since you closed your position) and are now desperately trying to recover either the same BTC amount you bought of regain the same USD value you started with. Either way your emotions are telling of someone who is down ALOT of money. Never seen someone so pissed after gaining "thousands" is such a short period of time. Youre full tilt right now. Been there done that. But if you insist on convincing us youre up thousands than to each his own. buy the dips sell the rips other than that you should find a new hobby.

sigh.

if u can be bothered, go and read my post history and take note of my prescient market exits and re-entries around the time of the crashes*.

*disclaimer, I did actually lose nerve and fuck up on second crash, but at least I seen it coming....made fkn thousands on first crash though

Stevenrm87

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Quote from: MatTheCat on January 22, 2014, 10:10:42 PM

Quote from: Stevenrm87 on January 22, 2014, 10:05:07 PM

With that kind of emotion you have obviously lost ALOT more than you have gained since entering BTC.

Overall I am up thousands of GBP m8, despite coming very late to the party and at one point having in my possession around 26 $1100 bitcoins.

However, had I listened to the hoardes of cheap at any price 'stacker' retards on this forum, then yeah, I would be down a lot.

How could you be up thousands if you bought over 1k per btc yet are so pissed at the people saying to buy at any price? Makes no sense. My guess is you bought above 1k and panic sold on the drop and are now DOWN thousands (since you closed your position) and are now desperately trying to recover either the same BTC amount you bought of regain the same USD value you started with. Either way your emotions are telling of someone who is down ALOT of money. Never seen someone so pissed after gaining "thousands" is such a short period of time. Youre full tilt right now. Been there done that. But if you insist on convincing us youre up thousands than to each his own. buy the dips sell the rips other than that you should find a new hobby.

billyjoeallen

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Quote from: MatTheCat on January 22, 2014, 10:02:40 PM

Quote from: billyjoeallen on January 22, 2014, 10:00:58 PM

Losers always have excuses and the biggest losers have the best excuses. Don't like bots? Trade on Localcoins. Geez, you whine like my seven year old. worse. If you can't do your job better than a few lines of code, get a different job. Bitcoin IS the "real market". Human regulators always play favorites.

Since I decided to go short $835, I haven't actually lost yet and the worst I will do is draw....so suck pish out of that cock u fkn peon.

This peon has a paid for truck and motorcycle and all I had to do was buy and hold for a year. This peon still has 57% on the coins I started with at $10/coin. This peon has a net worth higher than his doctor mother all because I didn't lose my nerve when the FUD rained down. This peon took the hits, rode out the panics and now I'm s'posed to feel sorry for you for not having the stones to keep your cool? Ok. my bad.

MatTheCat

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Quote from: Stevenrm87 on January 22, 2014, 10:05:07 PM

With that kind of emotion you have obviously lost ALOT more than you have gained since entering BTC.

Overall I am up thousands of GBP m8, despite coming very late to the party and at one point having in my possession around 26 $1100 bitcoins.

However, had I listened to the hoardes of cheap at any price 'stacker' retards on this forum, then yeah, I would be down a lot.

I have learned my lessons investing in the Precious Metals markets which also attracts its fair share of zealots and nutters. Was fine being influenced by these clowns and all their hair brained bull-shit paradigms when the going was good, not so great when the tide changed but the clowns kept playing the same record. I got in early enough to not be too badly fkd over, although I am presently underwater and could have profited handsomely had I made a timely exit from the market.

I remember Mike Maloney releasing a video intended to calm a bunch of panicked out Silver Stackers who had bought in at $49, with the spot price having crashed to $40. "Relax", he told them. "In a few years $50 will seem cheap". lol fkn used car salesman snake oil selling wanker.

But besides that, everytime there is economic bullshit happening in news, knowing that I have a stash of physical gold and silver reassures me in a way that a usb stick full of Bitcoin would not.

Stevenrm87

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Quote from: MatTheCat on January 22, 2014, 10:02:40 PM

Quote from: billyjoeallen on January 22, 2014, 10:00:58 PM

Losers always have excuses and the biggest losers have the best excuses. Don't like bots? Trade on Localcoins. Geez, you whine like my seven year old. worse. If you can't do your job better than a few lines of code, get a different job. Bitcoin IS the "real market". Human regulators always play favorites.

Since I decided to go short $835, I haven't actually lost yet and the worst I will do is draw....so suck pish out of that cock u fkn peon.

With that kind of emotion you have obviously lost ALOT more than you have gained since entering BTC.

MatTheCat

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Quote from: billyjoeallen on January 22, 2014, 10:00:58 PM

Losers always have excuses and the biggest losers have the best excuses. Don't like bots? Trade on Localcoins. Geez, you whine like my seven year old. worse. If you can't do your job better than a few lines of code, get a different job. Bitcoin IS the "real market". Human regulators always play favorites.

Since I decided to go short $835, I haven't actually lost yet and the worst I will do is draw....so suck pish out of that cock u fkn peon.

billyjoeallen

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Quote from: MatTheCat on January 22, 2014, 09:50:38 PM

Quote from: Stevenrm87 on January 22, 2014, 09:38:03 PM

Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

this ^

Its funny because I know a LOT of people that lose money to bots since they trade on 1 or 2 hour pings and execute orders based off the last 22 candles (usually) trading is a zero sum game so it can only go on for so long until the market moves where it wants to move.

If youre going to short BTC do it on a run up and play the Fib retrace other than that just sell and place your buys at the price you want to buy. Youre obviously not a professional trader (or ever close) as you are letting youre emotions get the best of you. WE can see in through your desperate posts.

Nope I am not a pro trader....

....if I was, I would know not to get jaded by the sort of blatant 'cheating' which basically drives financial markets all over the world and always has done.

Making money on the bull run was easy. Trying to trade this correction period on the other hand is much more difficult. The margins are tighter and it can be infuriating thinking that I am doing well only to find I have been suckered into an artificial or ring fenced dip-peak cycle, where only the bots are allowed in on the ostensible highs and lows.

No matter what happens, I will not lose on my short position as I have reset my stops to the break-even point.

But at this point, I have absolutely no idea whether to go long or short because I don't know what the hidden rules of the game are except that as bigger and bigger money gets involved in this game, market fluctuations will be increasingly engineered to suck in the largest amount of Joe Public's wealth possible, like pretty much every other market. This is why financial sector is booming whilst real productive economy is crashing.

Quote from: fonzie on January 22, 2014, 09:46:52 PM

Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

Almost all of these methods are banned in the real market (stock or forex). Do you think these prohibitions have been introduced for no reason?

Yet obviously flaunted left right and centre.

Losers always have excuses and the biggest losers have the best excuses. Don't like bots? Trade on Localcoins. Geez, you whine like my seven year old. worse. If you can't do your job better than a few lines of code, get a different job. Bitcoin IS the "real market". Human regulators always play favorites.

MatTheCat

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Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

Oh, so you are in favour of automated bidding, price, and volume manipulating programs that are designed to deceive normal punters about market conditions and force them to buy high(er) and sell low(er).

Clown!

MatTheCat

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Quote from: Stevenrm87 on January 22, 2014, 09:38:03 PM

Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

this ^

Its funny because I know a LOT of people that lose money to bots since they trade on 1 or 2 hour pings and execute orders based off the last 22 candles (usually) trading is a zero sum game so it can only go on for so long until the market moves where it wants to move.

If youre going to short BTC do it on a run up and play the Fib retrace other than that just sell and place your buys at the price you want to buy. Youre obviously not a professional trader (or ever close) as you are letting youre emotions get the best of you. WE can see in through your desperate posts.

Nope I am not a pro trader....

....if I was, I would know not to get jaded by the sort of blatant 'cheating' which basically drives financial markets all over the world and always has done.

Making money on the bull run was easy. Trying to trade this correction period on the other hand is much more difficult. The margins are tighter and it can be infuriating thinking that I am doing well only to find I have been suckered into an artificial or ring fenced dip-peak cycle, where only the bots are allowed in on the ostensible highs and lows.

No matter what happens, I will not lose on my short position as I have reset my stops to the break-even point.

But at this point, I have absolutely no idea whether to go long or short because I don't know what the hidden rules of the game are except that as bigger and bigger money gets involved in this game, market fluctuations will be increasingly engineered to suck in the largest amount of Joe Public's wealth possible, like pretty much every other market. This is why financial sector is booming whilst real productive economy is crashing.

Quote from: fonzie on January 22, 2014, 09:46:52 PM

Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

Almost all of these methods are banned in the real market (stock or forex). Do you think these prohibitions have been introduced for no reason?

Yet obviously flaunted left right and centre.

fonzie

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Activity: 504

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Moderator

Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

Almost all of these methods are banned in the real market (stock or forex). Do you think these prohibitions have been introduced for no reason?

Stevenrm87

sr. member

Activity: 403

Merit: 250

Quote from: Miz4r on January 22, 2014, 09:31:04 PM

People complaining about bots and manipulation are like kids calling someone a cheater when someone beats them in a video
game. It's as simple as that.

this ^

Its funny because I know a LOT of people that lose money to bots since they trade on 1 or 2 hour pings and execute orders based off the last 22 candles (usually) trading is a zero sum game so it can only go on for so long until the market moves where it wants to move.

If youre going to short BTC do it on a run up and play the Fib retrace other than that just sell and place your buys at the price you want to buy. Youre obviously not a professional trader (or ever close) as you are letting youre emotions get the best of you. WE can see in through your desperate posts.

MatTheCat

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Quote from: chessnut on January 22, 2014, 09:20:18 PM

do you think that somebody unloaded 800BTC or a bot transacted 800BTC to its self? part of my question is how can bots absorb large orders without in fact supporting the price with genuine demand. They must be taking significant risks.

One thing I love about bitcoin is that we are watching it from the start, we understand the technology, we understand news manipulation, we understand that most people are yet to get on board. so no, I am not guessing, while I refuse to place stops and leverage my position, that is how 'they' get you.

thats another part of my question, who are 'they' and why is there only one of them. there are many large players surely that have bots available to them. it must be easy to counter a bot with an equal bot right?

I think that the 800 BTC was a genuine offload as opposed to bots playing pass the parcel.

In all my time viewing Bitcoin live charts, I have never seen an 800 BTC sell off occurring within 20 seconds that moved the market $4. This was a swift fast move, that ensured as much as possible, that only 'the whale' was able to take advantage of this high volume selling opportunity which had built up as a result of days of stagnant price ranges due to bot price manipulation.

Way I see it is that some whale entity(s) have both sides of Bid-Ask wall stacked, and they know the difference between the market momentum that they are controlling and that which is genuine and they have the tools and the means to encourage and push things in a certain direction, at least to a certain extent and have ability to monitor real market sentiment. Everyone else on the otherhand only gets to monitor the fake market.

Of course, if the more they wanted to buck the natural trend, then the more they risk losing money which is perhaps why some promising seeming break-outs just peter out to nothing.

Topic: bots and manipulation. (Read 2901 times)