Topic: I like the manipulator, I had him all wrong, he is robbing you fools - page 3. (Read 4706 times)

While I don't agree on the desire to harm bitcoin overall, I do agree that your theory is one viable option(and I cleaned up your post via removing all your ebay stuff).

The person has so much market power that he can make money via this tactics. He probably has the lowest fees on MtGox and hence can make money with lowest spreads.

The only way to change this is to attract more people to buy bitcoins. Once the "manipulator = big trader" does not have such a big market power any more, its over for him.

He's already lost, he just won't accept it yet.

I hope he loses for bitcoins sake

I agree, i was stupid not to realize it earlier. I just didn't see how he could be doing that to make money. I saw many times his bidwalls were sold into wiping him out, only to form a new and lower bitcoin price. He then bought all those bitcoins, and now he can't push the price up higher than the point he bought the bitcoins. I think that he does lose and wins, but if he continues his tactics, he must be winning in the long run. hopefully so for his sake.

I'm not sure what is more difficult to believe:

1) It took you this long to figure it out, or

2) you have enough outrage to start several thread per day about something which you would do yourself....and publicly wet yourself over your own cleverness about it to boot.

observation - without the "manipulator, Edward would have nothing to post about.

And there you have it folks. People want to drive down the value of the currency because they are bitter that they lost so much when it was at $15-$30. There is not much that can be done to stop the manipulator unless somone finds a way to punish him/them for putting up their bidwalls. Of course whoever was to do this would require a lot of capital themselves.

First, I will be upfront that I want most of the bitcoin holders to lose money. This is mainly because of the flaming they put me through when I was bearish from the peak at $30.

I thought the manipulator was trying to keep the price up higher, but this never made much sense to me why he would financially take on this burden. How could someone with so much money be so stupid to think that bitcoins are going to increase in value. Why would he try and prop up the price, while continue to lose the battle on the way down. I just could not figure it out. Well, someone brought to my attention what the manipulator is all about. He is about taking money from many of the bitcoin buyers, or "suckers/fools".

He places these bid walls so that he can sell his own bitcoins in front of his walls to the suckers/fools. I like this because I do this on Ebay with rare antiques that I collect. When I see an antique that I want to buy, I will flood ebay with my own similar antiques. This will cause people to not bid so highly on the antique I want to buy because they see many more of the same or similar ones coming to the market. I then buy up the antique I want to buy, and then remove/end my ebay listings. Works like a charm.

I am manipulating ebay for the buying end, while the manipulator is manipulating for the selling end. We are both scamming the system, stealing from the suckers out there. We play on peoples psychology and stupidity. The manipulator makes bitcoin buyers think that there is lots of buying support, so they will pay more money. I make ebay  buyers think that there is much more items being sold, so I will buy them up cheaper.

So the manipulator is not trying to raise the overall long term price, he is about short term interests. He could care less the price of bitcoin. he is about stealing money from you suckers. In a way, his tactics will actually make bitcoin price lower in the long run, because he is robbing money from the system. He was probably the main guy who pushed bitcoin to $30.00. He surely has the money to do this, and all he needed was to spend some of it on the way up.

I like him. We will be at $1.00 before you know it. The manipulator will still be around doing his tactics. This is all funny because bitcoin is supposed to be an uncontrolled currency, but it is very well manipulated. In a way, it is being used as a way to make money from the "stupid money out there". All it is is just a way to transfer wealth around, nothing productive is created.

So go on manipulator, put your bid walls up, rob money from the suckers/fools who flamed me when I tried to help/warn them.