Topic: Controlled Drop, or has the manipulator run out of steam? (Read 1687 times)

I understand that you sold low when you thought it *must* go even lower and how you're kind of surprised - but maybe if you convince everyone that it goes back to $2.00 - then you might yet have a chance to buy it back.

Good move!

haha +1,000,000

i just quoted your wonderful support/resistance chart in my falling knife thread where i was challenged to call the bottom. we definitely already bottomed out, and we won't see sub-$5 again. the ask side on mtgoxlive is obviously shamefully manipulated, and it is thanks to your charts that i know this. seriously, they are invaluable in my analysis.

i love it when i see
just makes my day

The long-term double digit bagholders want to have a talk with you!

Edward50's back definite downward trend we are in. Who's to say the same manipulator wasn't the one holding the price below 7.2? That would certainly help fund control of downward pressure later.

Just use a model that doesn't focus on "The Manipulator", and it makes a little more sense.

There's a lot of players that react differently, not a puppet master mind-controlling everyone. Nobody really wants to push the market too heavily, because that is costly and dangerous, as was demonstrated.

There was someone with big orders trying to push the price above 6.5 after the Bitcoinica spikes though. That didn't work out too well, so maybe that's who you're looking for.

controlled drop..

Yes..

It is obvious that bitcoin is getting killed lately, and can potentially take a huge dive back down the the $2.00 range.
Everything is pointing towards a drop, the days before the drop were also very obvious with the low volume.

One thing that I noticed from watching bitcoins fall from $30's, is that bitcoin has never failed to make new lows, no matter how much I even think otherwise.

So what is going on here now? The manipulator really pushed the price up high. However, it looks like he has not been able to push higher than $7.2, now it looks like he is not able to even maintain the prices. He put up his bidwalls, but they have failed. Today I saw the $5.4 bidwall go from 9000 coins, to 38,000 coins, then back down to 10,000 coins, all within 20 minutes. Wonder what he is up to.

Is this a controlled drop, to suck up bitcoins cheap again. Then a push to higher prices, to dump them?

has he just failed to keep the price high because it is just to expensive to subsidize the price of bitcoins?

Has his bidwalls been taking too many dumps, where he decides that it is not worth it to buy all the bitcoins people are dumping? I have noticed in the past that when many of his bidwalls get sold into within a short period of time, he usually pulls out of the market for a while. This is what I think is happening now.

So whats up? Just recently you guys were all talking about double digits, bitcoins going to the moon, it was like 95% optimistic people, now everyone is changing their mind.