Topic: I like the manipulator, I had him all wrong, he is robbing you fools - page 2. (Read 4710 times)

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I watched the manipulator lose big time on the way down. I saw many of his bid walls being sold right into, and the price of bitcoins just went lower from that point. He bought many bitcions at prices where bitcoin never hit again. So he took a loss on all those coins. It did not seem like he was using his huge market share to try and make a profit. However, lately it seems like he is doing just that. Or at least it is working more now as the drops in bitcoin are not as extreme.

To me it looked like the manipulator was all along trying to hold up the bitcoin price with his bidwalls. however, come to think of it, sombody with that much money would not be stupid enough to catch a falling knife for so long.

I still think that he lost money with his tactics because he did not expect the price of bitcoin to fall for so long and as much. He figured on more stable prices, and figured his bid walls would push the price of bitcoin more in his favor.

Either way he undermines the trust in bitcoin and that should lead to a more lower price in the long run. If I was to buy bitcoins right now I would be worried about them falling if the manipulator pulled out. The price of bitcoin is without a doubt being controlled right now to an extent, and that is not something you want to invest in as the manipualtor has pulled out of the market too many times.

first of all: hello, fuck you too! 
second: what you do is illegal
third: you are a free markets enemy
forth: i hope you feel bad about it

.. btw, congratulations for trolling me. i am here since a month or so, have not read anything about you. but your ebaymanipulations makes you very unsympathic.i think you are the kind of person, who would sell their grandmother (and even bid for other grandmothers, just to higher the price of yours), impure drugs (regardless of the outcome for the consumer) and afterwards be proud of oneself cause you made a higher profit. yay. the other ones are so stupid, omgf!! funny this must happen all the time also to you. what do you think how do the multinationals act like?

whatever, i am not idealistic, so i know there are alot of people around like you when it comes to economy, beeing the selfserving not only unethic but also illegal (if it is still rational, like in your case) manipulator of free markets. corporations, individuals and cartels acting like you are the number one reason there are still market failures out there. maybe i should overthink my ideal of free markets as totally utopian

but i still claim jurisdiction responsible at some point: there are laws against this sort of manipulation, just not beeing executed good enough.

It was linked in the press thread:  http://siliconangle.com/blog/2011/11/17/500000-bitcoins-transferred-in-one-exchange/

And I followed the change to this addresss where it is currently:  http://blockexplorer.com/address/1CKmEA8NcSASCwbByFGQXbsnvWz7K5p7hs

Its probably MagicalTux consolidating coins, has anyone asked him on IRC?

which transfer, blockexplorer link?

Of course such an amount could explain these tactics too.

I am wondering if the manipulator waited for the market to naturally bottom out before getting back into it. Testing the waters to see how far it would drop before he came back with his money to buy as many coins as possible. The $2 invisible wall was hit and now he is showing off by putting a real (although perhaps temporary) wall at $2. Before he got back in there was a lot of volatility but now it seems to have stabilized quite a bit. So either we are saved or about to head to another big drop.

How about that 500k BTC transfer?

Last time that many bitcoins were transferred in the blockchain, it was MagicalTux sending 424,242.42 BTC to prove control of MtGox deposits.

Tried imagining Edvard dealing with rare antiques, all i could come up with is seeing Edvard with piles of old comics: The Batman, The Superman, The Superwoman, ... The Manipulator!

I still question on whenever a single individual was responsible for any price movements recently.

The Manipulator is most likely different people who have access to enough funds to corner the market at the time. As for the recent situation consider this...

Mtgox codes can be transfered from and into an bitcoinica account without delay. So if someone has a lot of USD on either platform this becomes a viable option:

Wait till enough bidders have accumulated high enough. Short into it. Place several limit orders to liquidate on the panic sells. Once the storm has settled transfer the balance to your mtgox account and place bid walls and remove them once enough bidders have accumulated high enough....
Rinse and repeat.

This post leaves me flabbergasted. I like you Edward, and you did help convince me that there was a manipulator, but what the hell? How did you not realize this sooner? Have you not been 'watching' the manipulator for months and months? I'm slightly disappointed to be honest, for someone who seemed otherwise quite perceptive.

It is also rather incongruous that you have been posting this whole time about 'helping' people, yet admit that you want the majority of them to lose money. And you have described the manipulator on several occasions using highly perjorative terms, yet admit to using similar types of tactics on ebay yourself? If so, you should have been more aware of what was happening.

Not quite sure how to respond. You are a hilarious enigma.

What is it about sarcasm that seems to go over the heads of certain people?

You are a douchebag.

Someone with $100 000 and / or 50 000 BTC could easily manipulate the whole market.

Are you saying these sorts of people do not exist ? 

I am an atheist. I believe that "the Manipulator" does not exist. It is a product of your imagination.

So by placing a massive buy wall, he's risking the chance that others will dump tons of coins on him (which he allegedly doesn't want) in order to sell a few coins marginally higher than he otherwise could?

And such a strategy has been occurring since the high in the $30's?

And yet even with such a high profile and public discussion of this strategy on the Bitcoin trading forum there is still nobody that is able to predict and counter these moves?

Doesn't really pass the straight-face test.

"Losing" is such a strong word in a probabilistic environment.

Anyone buying only ever loses if Bitcoin actually dies or he sells low. If it recovers in two years, the speculation still brings an extremely massive profit in very little time, no matter what happens in between.

There is plenty of supply from miners capitulating once the price raises above a certain level. All he can hope is squeezing out people who short independent of technicals and at full margin and he is loosing every time he pushes too hard..

It doesn't seem very logical to assume the buyer right now intends to drive price down further. The volume is just too high, he'd be hitting the size of the market. Some people bought all that volume, and assuming the majority did that to dump them again while the crash is going on sounds insane. If a large player were to panic sell 400k BTC, just half of the current weekly volume so far, he'd neither get much money out of it nor much larger additional panic volume to profit from.

This thread also confuses all big movements to come from the same person. While it's true that the bids look like a large player is involved, it's absurd to assume that person to be responsible for every large move in the last months.

Current tactics of the large player on the buying side are fairly obvious: buy in the range 1.8-2.5, maximize BTC volume. I'm not even certain he really cares about price in this range, he just buys with power. So, if he is indeed the same person as the seller, which I'm not so certain about, he would be using exactly the tactic Edward50 described in the Ebay example: try to collect as many BTC as possible, killing the short sellers in an evil squeeze.

I have very similar thinking, so if I had a lot of money, I'd be doing pretty much what the large buyer does now. But I can only hold weakly against the panic, even with the bubble in June I'm not rich yet. Too bad, eh?

Agree, cluster.

It is about the symbiosis of 1) more investors and 2) a sustainable growth in the bitcoin economy.

This is the key problem.  We need to attract more buyers to raise the price without making it sound like we're trying to sucker people in to a dodgy investment.  One that has fallen 93% in value from its brief peak.

Us: "Come join bitcoin.  Buy some bitcoins"

Them: "Okay, why?"

Us: "So that the price of bitcoins will rise"

Them: "Who holds the existing bitcoins?"

Us: "We do"

Them: "So, why exactly is it in my interest to buy them and help you out?"