Topic: Holy CRAP the manipulator has pulled out!!!!! Freefall seems inevitable - page 2. (Read 9557 times)
September 02, 2011, 07:42:58 AM
Missed the nibbling I guess *shrug
September 02, 2011, 07:41:22 AM
The wall was built where it was built.
The high hit it and nibbled some off it.
*shrug* That's how it looks to me.
The high hit it and nibbled some off it.
*shrug* That's how it looks to me.
September 02, 2011, 07:26:12 AM
What was so hmmm-able about that?
Why build a wall at days high? Hmmm.
September 02, 2011, 07:22:39 AM
September 02, 2011, 07:06:06 AM
Hmmm 
September 01, 2011, 04:28:02 AM
I want to change my screen name to "The Manipulator". 
Whenever the market moves in a way that displeases bitcoin traders, they shout about The Manipulator. He's everywhere, and controls every market move. Clever fellow.
In fact, I am The Manipulator. Whenever I buy, price drops and vice versa. I'm sure there are tons of other Manipulators who move the market like this.
August 31, 2011, 09:25:01 PM
If there are "manipulators pulling out", I would be willing to bet that there are a lot of MtGox USD sitting on MtGox that are not actively sitting on the exchange in the form of bids. Those bids may have disappeared in a flash, but they almost certainly didn't all get withdrawn through Dwolla! The daily and monthly withdrawal limit practically guarantees that.
And it makes sense. Why should anyone looking for a sweet deal on BTC leave bids up, when removing the bids will result in a more favorable buy price? If I were looking to make a big buy right now, I would be leaving my money completely off the bid chart, waiting for the price to fall lower and lower before I executed.
And it makes sense. Why should anyone looking for a sweet deal on BTC leave bids up, when removing the bids will result in a more favorable buy price? If I were looking to make a big buy right now, I would be leaving my money completely off the bid chart, waiting for the price to fall lower and lower before I executed.
August 31, 2011, 09:12:10 PM
I haven't read much of what OP has wrote and I haven't read this entire thread yet, but I know what he is talking about.
Lately I had just assumed it was actually MTGOX doing it,
needing a way to grab bitomat without any loss to themselves.
Whoever it is if it isn't MTGox, they definitely know who it is.
Lately I had just assumed it was actually MTGOX doing it,
needing a way to grab bitomat without any loss to themselves.
Whoever it is if it isn't MTGox, they definitely know who it is.
If MtGox was manipulating the price as suggested, wouldn't they manipulate it to go higher? They make a cut from every trade, and it seems obvious they would let the public bots play at a higher price as that delivers higher income.
If there truly is one manipulator pulling and pushing the market then it's even more alarming than I would have imagined. The market would essentially be paper thin with no support against a complete collapse due to a lack of natural price support.
August 31, 2011, 09:01:55 PM
I haven't read much of what OP has wrote and I haven't read this entire thread yet, but I know what he is talking about.
Lately I had just assumed it was actually MTGOX doing it,
needing a way to grab bitomat without any loss to themselves.
Whoever it is if it isn't MTGox, they definitely know who it is.
Lately I had just assumed it was actually MTGOX doing it,
needing a way to grab bitomat without any loss to themselves.
Whoever it is if it isn't MTGox, they definitely know who it is.
August 31, 2011, 08:21:08 PM
I want to change my screen name to "The Manipulator".
Whenever the market moves in a way that displeases bitcoin traders, they shout about The Manipulator. He's everywhere, and controls every market move. Clever fellow.
On the other hand if you feel uneasy, get out. I pulled out just before the 90's tech bubble burst. I did this against the advise of "experts".
It seems many have. Bitcoins are 75% off their highs. At the time of the bubble there was a 'to the moon, and beyond!' price crowd that could see no problems in the exponential price growth curve. I got out, and sold most of my coins in the 20s and high teens.
Most investors base their investments on emotion. You want to beat them? Base your decisions on math.
Unfortunately those basing their decisions purely on emotion always have far more money than you do :-)
August 31, 2011, 02:11:56 PM
I am just hoping it jumps up in the next 2 or 3 weeks.
I agree with you on this.I wish to recoup £74 worth of BTC I invested in thinking I'd make a nice profit,instead the value dropped loads and £74 becomes much less than that (since the crash from ~$11 per btc to what it is now.) I also have a small supply of other bit coins so selling 2 would easily recoup my losses when it bounces right back (and $$$).
In the next 2 weeks guys,do you think the BTC value would recover? I certainly hope so soon.
August 31, 2011, 01:03:47 PM
I want to change my screen name to "The Manipulator".
I've done well in the stock/bond markets, angel investing, art, real estate, and bitcoins. The one thing I have learned is to not listen to others. If you feel an investment is a good idea, do it. Those who say the sky is falling or too expect 50% growth per year are just guessing.
On the other hand if you feel uneasy, get out. I pulled out just before the 90's tech bubble burst. I did this against the advise of "experts". Even a cursory review of the statistical efficacy of experts will reveal that they know nothing.
Most investors base their investments on emotion. You want to beat them? Base your decisions on math.
I've done well in the stock/bond markets, angel investing, art, real estate, and bitcoins. The one thing I have learned is to not listen to others. If you feel an investment is a good idea, do it. Those who say the sky is falling or too expect 50% growth per year are just guessing.
On the other hand if you feel uneasy, get out. I pulled out just before the 90's tech bubble burst. I did this against the advise of "experts". Even a cursory review of the statistical efficacy of experts will reveal that they know nothing.
Most investors base their investments on emotion. You want to beat them? Base your decisions on math.
August 31, 2011, 12:30:48 PM
The OP mentioned somethign I found rather interesting.How did he know of a 'manipulator' that affected BTC value? How did they make contact? Is the OP a friend of the 'manipulator'?
Conspiracy theory much?He "knows" because it's been a commonly talked about subject. The market manipulation has been fairly obvious. Since the Bitcoin market is so small (relatively) in comparison to major markets, it doesn't take much to buy in and swing the market around.
August 31, 2011, 12:22:47 PM
The OP mentioned somethign I found rather interesting.How did he know of a 'manipulator' that affected BTC value? How did they make contact? Is the OP a friend of the 'manipulator'? I think that (even though I feel odd about this idea) we should maybe try to find the next big thing that can affect BTC value for the better as well as maybe bringing him/her back if possible.I want to get the best price for my BTC and just move onto other business ventures.
Will prices bounce backup for BTC or is it in freefall for good now? Has anyone got the charts for the value?
Will prices bounce backup for BTC or is it in freefall for good now? Has anyone got the charts for the value?
August 28, 2011, 06:31:18 AM
The 7200 x $8 is based on a false assumption. Namely that those 7200 BTC are going to be sold on for US dollars the same day and all the $ denominated exchanges will have price parity.
The fact is that doesn't happen. BTC are converted into several currencies and ppl. don't sell all their BTC everyday. There are plenty of people in it for the long term. There are also people the buy things with their BTC.
7200 x whatever is bogus.
+1 The fact is that doesn't happen. BTC are converted into several currencies and ppl. don't sell all their BTC everyday. There are plenty of people in it for the long term. There are also people the buy things with their BTC.
7200 x whatever is bogus.
August 28, 2011, 01:58:09 AM
The 7200 x $8 is based on a false assumption. Namely that those 7200 BTC are going to be sold on for US dollars the same day and all the $ denominated exchanges will have price parity.
The fact is that doesn't happen. BTC are converted into several currencies and ppl. don't sell all their BTC everyday. There are plenty of people in it for the long term. There are also people the buy things with their BTC.
7200 x whatever is bogus.
The fact is that doesn't happen. BTC are converted into several currencies and ppl. don't sell all their BTC everyday. There are plenty of people in it for the long term. There are also people the buy things with their BTC.
7200 x whatever is bogus.
August 28, 2011, 01:47:51 AM
If this does not start quickly, the "outside world" will be successful keeping bitcoins down. I.e. bitcoins is acompetition to government currencies, to big credit cards companies, etc.
Coordinated efforts are needed from all of us bitcoiners, rather than complaining and debating about minor issues in this forum foreever.
Coordinated efforts are needed from all of us bitcoiners, rather than complaining and debating about minor issues in this forum foreever.
This forum is called Speculation. I agree endless posts speculating about bitcoin's value would be out of place in a software development forum, or product ideas forum.
Is bitcoin a competition to government currencies or Visa/Mastercard/etc? Maybe one day, in the distant future, if everything goes right. The outside world doesn't have to be successful in keeping bitcoins down. It sounds like a conspiracy theory. Bitcoin needs to prove its worth by doing something useful.
August 27, 2011, 06:49:22 AM
As mentioned before, one big issue with bitcoin is related to one of its greatest benefits: The decentralization. This fosters individuals randomly developing (often great businesses around bitcoin). But noone coordinates PR, marketing , advertising, which means a lot of waste and contradictory messages.
Companies -at least many of them- do consistent brand building, which bitcoins are lacking massively.
If this does not start quickly, the "outside world" will be successful keeping bitcoins down. I.e. bitcoins is acompetition to government currencies, to big credit cards companies, etc.
Coordinated efforts are needed from all of us bitcoiners, rather than complaining and debating about minor issues in this forum foreever.
+1 Companies -at least many of them- do consistent brand building, which bitcoins are lacking massively.
If this does not start quickly, the "outside world" will be successful keeping bitcoins down. I.e. bitcoins is acompetition to government currencies, to big credit cards companies, etc.
Coordinated efforts are needed from all of us bitcoiners, rather than complaining and debating about minor issues in this forum foreever.
August 27, 2011, 04:18:53 AM
As mentioned before, one big issue with bitcoin is related to one of its greatest benefits: The decentralization. This fosters individuals randomly developing (often great businesses around bitcoin). But noone coordinates PR, marketing , advertising, which means a lot of waste and contradictory messages.
Companies -at least many of them- do consistent brand building, which bitcoins are lacking massively.
If this does not start quickly, the "outside world" will be successful keeping bitcoins down. I.e. bitcoins is acompetition to government currencies, to big credit cards companies, etc.
Coordinated efforts are needed from all of us bitcoiners, rather than complaining and debating about minor issues in this forum foreever.
Companies -at least many of them- do consistent brand building, which bitcoins are lacking massively.
If this does not start quickly, the "outside world" will be successful keeping bitcoins down. I.e. bitcoins is acompetition to government currencies, to big credit cards companies, etc.
Coordinated efforts are needed from all of us bitcoiners, rather than complaining and debating about minor issues in this forum foreever.
August 27, 2011, 03:24:01 AM
I don't think bitcoin can be described as a pyramid scheme. It's more like a dotcom stock in 1999. There's a lot of hype, a big push towards the 'new paradigm' by supporters and those with vested interests, and very little real economic activity to support it all. The dotcom bubble didn't burst because it was a pyramid scheme. It burst because people opened their eyes and looked at why they should keep investing in it. They saw nothing, and left in a mad rush.
Bitcoin isn't like a stock because it doesn't generate revenue. The speculation end is a zero-sum game.
I agree about the "lot of hype, new paradigm talk, very little economic activity" part.
It has potential to "generate revenue" by avoiding taxes and Fees.
Though there is 7200 new each day! If you would stop the amount of new bitcoins generated now it would not go lower.
But right now Investors need to put in $7200 x8 each day to keep the longterm value above $8. Even if miners would only sell half of that.
$7200 x4 is still plenty of money to get into the economy every day.
Jump to: