Fake dump | Bitcointalksearch.org

creeps

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Quote from: cellard on November 14, 2018, 11:51:21 AM

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

Manipulators will always win in this market not unless someone stop them lierally I think, they know how to play well with the hodlers and most especially with the newbies.

Its actually not a fake dump but its more on manipulating the price so they can really dump the price and buy more at the dip.

Many situation like this before and whales are on the move again. Let’s just continue to ride with them and don’t let their win easily. To the beginners, you need to improve your skills, knowledge and your emotion so you will not lose big money when whales manipulating the market.

Rune

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What is a Fake dump? Seems like a real dump to me billions leaving crypto all at one time this is very bad for people holding crypto and no fiat at all time to hodl I guess.
Maybe ill dump some to and try to buy lower lol this whole tether thing scares me I am uneasy

pixie85

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Quote from: allohm on November 14, 2018, 03:06:44 PM

Quote from: cellard on November 14, 2018, 11:51:21 AM

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

i think this https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/article sheds some dim light on what is going on...the selling pressure is relentless and orchestrated. certainly it is not bch drama, too ridiculous a reason. however if sec is very very close to "having talks" with some exchanges (and thus insiders may be dumping using bch as a curtain) than we may be one step closer to the death of the centralized exchanges in the form we know them. i would appreciate your thoughts.

Are there really any decentralized exchanges? If you're talking about P2P exchanges or localbitcoins then maybe, but all biggest exchanges like coinbase, bitfinex and the rest are centralized. If you send your coins to them, you put them in control. If they decide that your coins were used to commit a crime at some point they'll be able to block them and force you to explain where you got them from. It's a great example of government intervention and centralization.

3la9l_kolbaCa

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Quote from: STT on November 14, 2018, 03:38:42 PM

Nothing is fake if the price is trading at that price over some reasonable amount of time and its been enough now to form a full 4hr bar so I think thats real enough to count.

As far as it holding, I'm looking at a year ago and this price was near to the bottom on 12th Nov. Theres alot of pricing in this area for it to catch on rather then move simply up or down

I agree this is not fake, and the graph trend showed very concrete price movements and I think that's an effect of the panic. That's clearly stating a huge amount of dumps, and if there we're people who speculate about fake dumps then we will have to observe if the $5.5k will have to recover quickly before December ends.

STT

legendary

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Nothing is fake if the price is trading at that price over some reasonable amount of time and its been enough now to form a full 4hr bar so I think thats real enough to count.

As far as it holding, I'm looking at a year ago and this price was near to the bottom on 12th Nov. Theres alot of pricing in this area for it to catch on rather then move simply up or down

allohm

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Activity: 14

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Quote from: cellard on November 14, 2018, 11:51:21 AM

There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

i think this https://www.ccn.com/tokens-continue-to-take-a-hit-is-sec-preparing-to-target-crypto-projects/article sheds some dim light on what is going on...the selling pressure is relentless and orchestrated. certainly it is not bch drama, too ridiculous a reason. however if sec is very very close to "having talks" with some exchanges (and thus insiders may be dumping using bch as a curtain) than we may be one step closer to the death of the centralized exchanges in the form we know them. i would appreciate your thoughts.

cellard

legendary

Activity: 1372

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There are 2 reasons I can imagine this happened:

1) Future contracts expiration. It's usually used as an excuse to dump on the market and try to buy the dip after it triggers noobs into panic selling
2) Bcash fork: A lot of noobs are reading news and watching youtube videos of Craig Faketoshi Wright taking over BCash then taking over BTC. Tomorrow is the day this circus clown will ensue.

But generally, you don't have to look beyond the fact that Bitcoin is valued in infinite ponzi fiat currency and they manipulate it to pick as much BTC as possible away from noobs until 2030 when they default on the infinite fiat debt and BTC becomes world unit of account.

batang_bitcoin

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Quote from: Idrisu on November 13, 2018, 06:23:45 AM

I think we all know that the bearish trend is over

How did we ended up with the bearish? we are still with it.

Quote from: Slow death on November 09, 2018, 04:37:58 PM

for this year I doubt that we see more than $7500

No positive movement at all and the only movement that we see right now is it is going backwards. I already accepted that the price wouldn't end higher than $8000 and if it will reach $7,000 by December than I'm ever grateful with that at least its higher than what it is now.

BitHodler

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Quote from: Idrisu on November 13, 2018, 06:23:45 AM

I think we all know that the bearish trend is over

How are you so sure? It's not over until we actually break through at least the more recent lower highs, because there simply isn't anything that guarantees that the price won't be going down further in the coming months.

I am a bit more conservative when it comes to the bear market. $10,000 is for me the level to break in order to signal that the market has actually turned bullish, because that level is psychologically extremely important for the sentiment.

I expect the market to slowly pick up pace in the second half of 2019 with how the speculation around the block halving is going to be the price driver, which has been the only event consistently driving the price up throughout the last years.

Idrisu

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Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

I think we all know that the bearish trend is over but when the bull run is going to commence is what we did not know. The ranging market has last for more than two months now and that means a breakout is expected out of the current market conditions. If we are to trade this year I think buying should be the best options.

Herbert2020

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Quote from: Slow death on November 09, 2018, 04:37:58 PM

Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

How many days have passed since your post? humm... if they spent more than 7 days and see the price:

Bitcoin: $6 385,96 USD

it seems that the price is stagnant and does not increase, for this year I doubt that we see more than $7500, is more likely to fall price instead of increasing price, this was a very bad year for crypto and the losses are still very high . I started to see negative comments coming from the experts who made so much optimistic predictions

the loss is only high for bag holder newbies not for traders and certainly not for investors.

a bag holder is someone who has no idea what he buys, they usually fill their bags with a lot of shitcoins and start dreaming about becoming a millionaire while they lose about 90% of their investment.
a trader is someone who is still making profit specially when price drops!
an investor is someone who buys things after analyzing and with a well thought plan. for example someone who buys bitcoin because he sees the potential and he does it when the hype is not high (meaning below $4k last year) and he doesn't care about the short term fluctuations.

now the problem is we have lots of bag holders who think they are traders or investors which is why you see losses are high!

as for "experts", they are not giving you advice, they are making money by making those statements. if they say rise that means they want to sell and when they sell drop that means they want to buy.

XinXan

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Quote from: Slow death on November 09, 2018, 04:37:58 PM

Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

How many days have passed since your post? humm... if they spent more than 7 days and see the price:

Bitcoin: $6 385,96 USD

it seems that the price is stagnant and does not increase, for this year I doubt that we see more than $7500, is more likely to fall price instead of increasing price, this was a very bad year for crypto and the losses are still very high . I started to see negative comments coming from the experts who made so much optimistic predictions

''is more likely to fall price instead of increasing price'' Is it? How did you come to that conclusion? ''Experts'' are doing the same as usual, some of the predicting bitcoin to go down and some saying bitcoin will reach 50k.

The overall sentiment isn't that bad. Low volatility isn't necessarily a bad thing, a lot of people were looking for it, weren't they? Check the shorts on Bitfinex, they are declining everyday which means bears aren't very confident anymore.

Slow death

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Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

How many days have passed since your post? humm... if they spent more than 7 days and see the price:

Bitcoin: $6 385,96 USD

it seems that the price is stagnant and does not increase, for this year I doubt that we see more than $7500, is more likely to fall price instead of increasing price, this was a very bad year for crypto and the losses are still very high . I started to see negative comments coming from the experts who made so much optimistic predictions

Hamphser

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Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

I didnt see any dumps on bitcoin price yet when we do talk about dump then this is somehow a deep percentage loss on a short period of time then eventually pump or return to normal range.
$200-$300 increase or decrease isnt really too much when we do talk about the price of bitcoin. Lots of upcoming positive news and such movement might possible a start-up of a new run.

XinXan

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Quote from: Herbert2020 on November 09, 2018, 02:46:10 AM

people need to start getting a better understanding of "size"! and it depends on the context. when you say $100 that can be huge rise or fall when price is like $200 but when price is $6500 that $100 rise or fall is considered a small one and since this is bitcoin and the price rise and falls are always bigger than normal changes in other markets, that $100 (which is 1%) is considered extremely tiny and is not even worth talking about!
not to mention that this price that OP got excited about a couple of weeks ago is not even to a major resistance line. not even close!

You should start paying attention to volatility then, sure 100$ is not a lot, however when bitcoin is barely moving 50$ up or down for weeks, a 100$ move in 1 hour or so is significant.

colenax

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Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

I see bitcoin having a stable price at 6k $, going up a bit then going down again.
almost as you say
because of this the market will not find pumping that occurred at the end of this year.

bileq

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all of crypto peoples need that move or breaking news. all of us need that hope. may be this will cause it to real

Herbert2020

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people need to start getting a better understanding of "size"! and it depends on the context. when you say $100 that can be huge rise or fall when price is like $200 but when price is $6500 that $100 rise or fall is considered a small one and since this is bitcoin and the price rise and falls are always bigger than normal changes in other markets, that $100 (which is 1%) is considered extremely tiny and is not even worth talking about!
not to mention that this price that OP got excited about a couple of weeks ago is not even to a major resistance line. not even close!

stelee68

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Quote from: marcbitcoins on November 09, 2018, 01:05:48 AM

Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

You mean most likely manipulated by the big whales? I think current price is just a normal market price movement as i don't see any extraordinary jump or dump but except when bitcoin reach $7,200 last month in just a day but its suddenly back to $6,600 again but still the fall was maybe due to some are eager to sell their Bitcoin as soon as it will reach $7,000 mark and still a normal thing.

fake or true dump, true or fake pump, its all part and parcel of the market.

be it stock market or crypto or forex, its all part of the game.

tread carefully.

marcbitcoins

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Quote from: XinXan on October 31, 2018, 11:32:55 AM

So we basically just had a fake dump, also called fakeout for bitcoin. The bulls definitely bought the dip this time even though it wasn't too big, currently trading at 6400$ perhaps we are able to climb back to 6600$

You mean most likely manipulated by the big whales? I think current price is just a normal market price movement as i don't see any extraordinary jump or dump but except when bitcoin reach $7,200 last month in just a day but its suddenly back to $6,600 again but still the fall was maybe due to some are eager to sell their Bitcoin as soon as it will reach $7,000 mark and still a normal thing.

Topic: Fake dump (Read 810 times)