Can someone explain how the price is so stable all of a sudden? - page 3.

Obi-Wan Coinobi

newbie

Activity: 42

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Quote from: Walsoraj on February 27, 2014, 10:42:16 PM

Quote from: Obi-Wan Coinobi on February 27, 2014, 10:38:53 PM

Quote from: Walsoraj on February 27, 2014, 10:30:34 PM

Quote from: Obi-Wan Coinobi on February 27, 2014, 10:26:38 PM

Quote from: Walsoraj on February 27, 2014, 10:21:24 PM

Bitcoin is not "stable" until large holders are unable to move the market. This will never happen.

/end stupid thread.

The question is posed as "why is it stable right now", sorry if I wasn't clear.

Thanks to everyone else for the input.

And I'm saying it isn't stable, not even temporarily, because someone can move the market at any moment.

Perhaps "stable" is the wrong word. How about "even"...is that better for you?

Just stop talking and start apologizing to me. Make it personal, in poetic form. Thanks.

You like poems? Tell us all about that.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Obi-Wan Coinobi on February 27, 2014, 10:38:53 PM

Quote from: Walsoraj on February 27, 2014, 10:30:34 PM

Quote from: Obi-Wan Coinobi on February 27, 2014, 10:26:38 PM

Quote from: Walsoraj on February 27, 2014, 10:21:24 PM

Bitcoin is not "stable" until large holders are unable to move the market. This will never happen.

/end stupid thread.

The question is posed as "why is it stable right now", sorry if I wasn't clear.

Thanks to everyone else for the input.

And I'm saying it isn't stable, not even temporarily, because someone can move the market at any moment.

Perhaps "stable" is the wrong word. How about "even"...is that better for you?

Just stop talking and start apologizing to me. Make it personal, in poetic form. Thanks.

Obi-Wan Coinobi

newbie

Activity: 42

Merit: 0

Quote from: Walsoraj on February 27, 2014, 10:30:34 PM

Quote from: Obi-Wan Coinobi on February 27, 2014, 10:26:38 PM

Quote from: Walsoraj on February 27, 2014, 10:21:24 PM

Bitcoin is not "stable" until large holders are unable to move the market. This will never happen.

/end stupid thread.

The question is posed as "why is it stable right now", sorry if I wasn't clear.

Thanks to everyone else for the input.

And I'm saying it isn't stable, not even temporarily, because someone can move the market at any moment.

Perhaps "stable" is the wrong word. How about "even"...is that better for you?

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: Obi-Wan Coinobi on February 27, 2014, 10:26:38 PM

Quote from: Walsoraj on February 27, 2014, 10:21:24 PM

Bitcoin is not "stable" until large holders are unable to move the market. This will never happen.

/end stupid thread.

The question is posed as "why is it stable right now", sorry if I wasn't clear.

Thanks to everyone else for the input.

And I'm saying it isn't stable, not even temporarily, because someone can move the market at any moment.

Obi-Wan Coinobi

newbie

Activity: 42

Merit: 0

Quote from: Walsoraj on February 27, 2014, 10:21:24 PM

Bitcoin is not "stable" until large holders are unable to move the market. This will never happen.

/end stupid thread.

The question is posed as "why is it stable right now", sorry if I wasn't clear.

Thanks to everyone else for the input.

anth0ny

full member

Activity: 196

Merit: 100

Quote from: MatTheCat on February 27, 2014, 10:18:26 PM

Quote from: anth0ny on February 27, 2014, 10:16:13 PM

Yeah but only Gox was stupid enough to actually do it!

Moving the market is easy (if you've got a lot of BTC). Profiting off doing so is a lot harder.

Not true at all.

Especially not when the market is in indecisive phases, such as now.

Well, the part about Gox was a joke. They may or may not have actually been stupid enough to do it.

ZiG

sr. member

Activity: 406

Merit: 250

Next move is likely UP...

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Bitcoin is not "stable" until large holders are unable to move the market. This will never happen.

/end stupid thread.

thefunkybits

legendary

Activity: 1218

Merit: 1000

lol wtf

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: anth0ny on February 27, 2014, 10:16:13 PM

Yeah but only Gox was stupid enough to actually do it!

Moving the market is easy (if you've got a lot of BTC). Profiting off doing so is a lot harder.

Not true at all.

Especially not when the market is in indecisive phases, such as now.

anth0ny

full member

Activity: 196

Merit: 100

Quote from: af_newbie on February 27, 2014, 10:11:15 PM

Quote from: anth0ny on February 27, 2014, 10:08:21 PM

Quote from: Obi-Wan Coinobi on February 27, 2014, 08:24:06 PM

Can someone explain how the price is so stable all of a sudden? It's like the roller coaster is out of order. Roll Eyes

Gox ran out of money so they can't manipulate the market any more?

Unless they lost the private keys like some suggested, the coins are still in circulation. It does not matter who owns them.
If you own even 100k coins you can move this market anywhere you want.

Yeah but only Gox was stupid enough to actually do it!

Moving the market is easy (if you've got a lot of BTC). Profiting off doing so is a lot harder.

af_newbie

legendary

Activity: 2702

Merit: 1468

Quote from: anth0ny on February 27, 2014, 10:08:21 PM

Quote from: Obi-Wan Coinobi on February 27, 2014, 08:24:06 PM

Can someone explain how the price is so stable all of a sudden? It's like the roller coaster is out of order. Roll Eyes

Gox ran out of money so they can't manipulate the market any more?

Unless they lost the private keys like some suggested, the coins are still in circulation. It does not matter who owns them.
If you own even 100k coins you can move this market anywhere you want.

anth0ny

full member

Activity: 196

Merit: 100

Quote from: Obi-Wan Coinobi on February 27, 2014, 08:24:06 PM

Can someone explain how the price is so stable all of a sudden? It's like the roller coaster is out of order. Roll Eyes

Gox ran out of money so they can't manipulate the market any more?

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: cbutters on February 27, 2014, 09:52:54 PM

The large trend lines and the short recovery trend line are all converging, and nobody knows where it will go, it is trading within the lines... the lines will converge tonight roughly at midnight..... then the market will have to go one way or the other..... or just go horizontal...

Market will go in the direction that robs the majority and enriches the few. Bull trap short squeezing breakout, followed by correction down to mid $500s.

cbutters

sr. member

Activity: 294

Merit: 250

The large trend lines and the short recovery trend line are all converging, and nobody knows where it will go, it is trading within the lines... the lines will converge tonight roughly at midnight..... then the market will have to go one way or the other..... or just go horizontal...

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: Obi-Wan Coinobi on February 27, 2014, 08:24:06 PM

Can someone explain how the price is so stable all of a sudden? It's like the roller coaster is out of order. Roll Eyes

THIS: (a quote from a post I made in another thread)

" Right now for example, many people believe that the market is in for a text book 66% correction and therefore the short trades are maxed to the full. This has probably determined the recent tight market as sellers cancel out buyers, and exchange associate bots sit and happily knudge the momentum up to farm low risk tolerant traders leveraged short bets, whilst making the odd brief soiree to the lower trend line to farm the longs (yup, I believe BTC-e and Bitfinex are corrupt places and actively practice squeezing of leveraged traders with perfect market knowledge in order to enhance their profits......many of these 'peculiar' huge Bid Walls that appear on Stamp are actually being made on Bitfinex).

What I think is away to happen at the end of this pennant formation is a break up the way, which will squeeze shorts out of the trade further pushing price higher and which will turn out to be a bull trap of sorts. Longs will pile in, and then will come the dumps, forcing a correction, but only down to around the $550 level where the dumpers will be competing to get back in and take their scumbag rat bastard profits. I just don't feel $400 range Bitcoin occurring anytime soon and think the near-medium term trend from here is mostly up. However, in light of TERA's pointing out the odd indicator signals of this particular crash, I do believe that we will be visiting the $400 range and possibly lower before we see any ATHs.

Fuck Gox and all those other stories that are attributed to price movement. Bitcoin is behaving like it is because it is being fucked with by people who are milking it for everything they can get out it. I am turning bullish for the time being, but long term, I am still a bear and believe lower lows are yet to come some ways down the line. Bitcoin doesn't flash crash to make its final capitulation bottom and then almost recover within one day. This just does not feel like a low to me. Too much euphoria and back slapping going on for that. Even I predicted 'bottom' within $20 (too low unfortunately for me) weeks and weeks ago using the most rudimentary TA 101 skills. Seems all far too textbook for my liking. I didn't follow Bitcoin so closely until November 2013, but I am pretty sure that with the last two post bubble bear trend lows, that people actually involved in Bitcoin felt like the end was nigh.

We will see how things go when we get back up to the $800 level."

The market wants to go down, but some whale entities aren't letting it. Short sellers are building up, and they will have their asses squeezed by a manipulated break out which will also be a bull trap, before a correction down to mid $500s.

This is what I believe and what I am betting on.

zedicus

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CryptoTalk.Org - Get Paid for every Post!

Army of HODLR'S Grin

lumierre

full member

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Silence after the storm.

shmadz

legendary

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@theshmadz

don't blink, this is bitcoin after all Wink

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

It's a simple consolidation!
A cool-off period because we had a $200 rally in a day and a half. Just give it time

Topic: Can someone explain how the price is so stable all of a sudden? - page 3. (Read 4666 times)