There is no such thing as manipulation for a peer to peer currency.
Traders around the world will buy if there is a perceived discount for bitcoin.
Topic: I warned you - page 4. (Read 5586 times)
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These are the price junctures where manipulation forced price in the opposite direction than that dictated by wave principle:
So if the price doesn't move accordingly to the "wave theory" then it's manipulated? LOL
And what the hell is this wave theory in the first place?
I've read the Venzen Kahosan bullshits many times in the past he is the kind of trader who loves to draw thousands of meaningless lines on the chart and always concludes:
"If it breaks this level then it will go up, instead if it breaks this support the price will go down". That is the perfect loser mindset.
This guy has no fucking clue of how financial markets work, stop listening to his bullshits please.
And unless you can still deposit your money in those exchanges, buy the offers shown in the orderbook and withdraw your bitcoins, please explain me how the hell is that supposed to be a fraud or a fake price?
Have you ever heard of fractional reserve?These are the price junctures where manipulation forced price in the opposite direction than that dictated by wave principle:
So if the price doesn't move accordingly to the "wave theory" then it's manipulated? LOL
And what the hell is this wave theory in the first place?
I've read the Venzen Kahosan bullshits many times in the past he is the kind of trader who loves to draw thousands of meaningless lines on the chart and always concludes:
"If it breaks this level then it will go up, instead if it breaks this support the price will go down". That is the perfect loser mindset.
This guy has no fucking clue of how financial markets work, stop listening to his bullshits please.
And unless you can still deposit your money in those exchanges, buy the offers shown in the orderbook and withdraw your bitcoins, please explain me how the hell is that supposed to be a fraud or a fake price?
You basically say, "If I can cash out my money from the bank, why the hell do you think, they don't have all the money of the customers in their vault?"
Have you ever heard of mtgox?
Quote from the article:
These are the price junctures where manipulation forced price in the opposite direction than that dictated by wave principle:
So if the price doesn't move accordingly to the "wave theory" then it's manipulated? LOL
And what the hell is this wave theory in the first place?
I've read the Venzen Kahosan bullshits many times in the past he is the kind of trader who loves to draw thousands of meaningless lines on the chart and always concludes:
"If it breaks this level then it will go up, instead if it breaks this support the price will go down". That is the perfect loser mindset.
This guy has no fucking clue of how financial markets work, stop listening to his bullshits please.
And unless you can still deposit your money in those exchanges, buy the offers shown in the orderbook and withdraw your bitcoins, please explain me how the hell is that supposed to be a fraud or a fake price?
These are the price junctures where manipulation forced price in the opposite direction than that dictated by wave principle:
So if the price doesn't move accordingly to the "wave theory" then it's manipulated? LOL
And what the hell is this wave theory in the first place?
I've read the Venzen Kahosan bullshits many times in the past he is the kind of trader who loves to draw thousands of meaningless lines on the chart and always concludes:
"If it breaks this level then it will go up, instead if it breaks this support the price will go down". That is the perfect loser mindset.
This guy has no fucking clue of how financial markets work, stop listening to his bullshits please.
And unless you can still deposit your money in those exchanges, buy the offers shown in the orderbook and withdraw your bitcoins, please explain me how the hell is that supposed to be a fraud or a fake price?
Arbitrage bots.
I've been warning Bitcoiners for over a year about the dangers of the big, centralized exchanges like CoinBase, BTC-E, and BitStamp.
These exchanges are manipulating the price of Bitcoin on a colossal scale. Just as the Karpeles 'trading bot' pumped the price of BTC last November, new trading bots at the big exchanges are artificially deflating the price so they can 'buy in' at the lowest rates.
see https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/
Do not believe the current price of Bitcoin - it is not representative of the true value and potential of the currency.
THE PRICE OF BITCOIN AS QUOTED ON THE MAJOR EXCHANGES IS A COMPLETE AND UTTER FRAUD.
These exchanges are manipulating the price of Bitcoin on a colossal scale. Just as the Karpeles 'trading bot' pumped the price of BTC last November, new trading bots at the big exchanges are artificially deflating the price so they can 'buy in' at the lowest rates.
see https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/
Do not believe the current price of Bitcoin - it is not representative of the true value and potential of the currency.
THE PRICE OF BITCOIN AS QUOTED ON THE MAJOR EXCHANGES IS A COMPLETE AND UTTER FRAUD.
Question is, why would they NOT manipulate this enormous, unregulated, gullible market full of people wanting to get rich off of magic internet beans?
It's a con 's wet dream.
My friends warned me that bitcoin is bull shit 3 years ago, can i trust them? the sad story is I believe them.
No, your friend is clueless. Bitcoin is just the first step on the ladder.
My friends warned me that bitcoin is bull shit 3 years ago, can i trust them? the sad story is I believe them.
There is no reason to worry, the capital is flowing from Bitcoin into more advanced and enhanced crypto technologies. 2009-2013 was the era of Bitcoin as a pioneering crypto currency building basis and providing bootstrapping mechanisms for other crypto technologies, enabling software engineers to form new mentalities and think of novelty ideas. 2014 is the turning point. Bitcoin will not die, of course, not for the next few years, but it has essentially served its purpose and will have no choice but fade away ushering in new crypto trends.
New interesting projects have received funding from bitcoins and are on track to bring amazing technological break-throughs to the world. Bitcoin will always remain grandfather of them all, but as a technology, it's easy to see that its lack of development progress is making it obsolete very fast. Take a step back and watch how crypto space has advanced over the past year: from just one crypto with a few carbon copies to a plethora of crypto (2.0) technologies with an ambition to change the world just as Bitcoin's legacy calls for. Amazing times!
New interesting projects have received funding from bitcoins and are on track to bring amazing technological break-throughs to the world. Bitcoin will always remain grandfather of them all, but as a technology, it's easy to see that its lack of development progress is making it obsolete very fast. Take a step back and watch how crypto space has advanced over the past year: from just one crypto with a few carbon copies to a plethora of crypto (2.0) technologies with an ambition to change the world just as Bitcoin's legacy calls for. Amazing times!
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Re: I warned you
Thanks dad!
I've been warning Bitcoiners for over a year about the dangers of the big, centralized exchanges like CoinBase, BTC-E, and BitStamp.
These exchanges are manipulating the price of Bitcoin on a colossal scale. Just as the Karpeles 'trading bot' pumped the price of BTC last November, new trading bots at the big exchanges are artificially deflating the price so they can 'buy in' at the lowest rates.
see https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/
Do not believe the current price of Bitcoin - it is not representative of the true value and potential of the currency.
THE PRICE OF BITCOIN AS QUOTED ON THE MAJOR EXCHANGES IS A COMPLETE AND UTTER FRAUD.
These exchanges are manipulating the price of Bitcoin on a colossal scale. Just as the Karpeles 'trading bot' pumped the price of BTC last November, new trading bots at the big exchanges are artificially deflating the price so they can 'buy in' at the lowest rates.
see https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/
Do not believe the current price of Bitcoin - it is not representative of the true value and potential of the currency.
THE PRICE OF BITCOIN AS QUOTED ON THE MAJOR EXCHANGES IS A COMPLETE AND UTTER FRAUD.
If you think they are driving the price down, buy it all up at discounted price by all mean.
I think Bitcoin is better off at $100 anyways.
I wouldn't mind that myself. But $100 is going to strike fear in many users. Some could see that as a total lose in confidence.
Exchanges do not need to manipulate the price, they receive fees either way. There just isn't enough demand at the moment. That should soon change when bitcoin stays strong every time it touches $300.
I think Bitcoin is better off at $100 anyways.
So many regulation questions and countries starting to get hostile to it... I just don't see a rally in the future, but I guess I didn't see one coming after the SR got popped either.
Just gamble for your losses n all will be well
So many regulation questions and countries starting to get hostile to it... I just don't see a rally in the future, but I guess I didn't see one coming after the SR got popped either.
Just gamble for your losses n all will be well
These exchanges are manipulating the price of Bitcoin on a colossal scale. Just as the Karpeles 'trading bot' pumped the price of BTC last November, new trading bots at the big exchanges are artificially deflating the price so they can 'buy in' at the lowest rates.
While I do agree that it is generally a bad idea to hold your bitcoin at an exchange, I do dispute your claim that the exchange are manipulating the price of bitcoin. All the willy bot was, a mechanism that whales were able to purchase large amounts of bitcoin via gox in an orderly fashion. Likewise the price of bitcoin on the exchanges are merely a result of supply and demand
These exchanges are manipulating the price of Bitcoin on a colossal scale. Just as the Karpeles 'trading bot' pumped the price of BTC last November, new trading bots at the big exchanges are artificially deflating the price so they can 'buy in' at the lowest rates.
While I do agree that it is generally a bad idea to hold your bitcoin at an exchange, I do dispute your claim that the exchange are manipulating the price of bitcoin. All the willy bot was, a mechanism that whales were able to purchase large amounts of bitcoin via gox in an orderly fashion. Likewise the price of bitcoin on the exchanges are merely a result of supply and demand
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One goes down – they all go down.
Well, of course. That's how multiple exchanges work. If there's any significant price difference between exchanges, somebody will buy on one and sell on another, and the prices will equalize. The prices will close up to the cost of the transaction, which is a few percent on Bitcoin exchanges.
This is arbitrage.
If you see a significant difference between exchanges, that's a bad sign. It means there's trouble getting funds out of some exchange. Remember when Mt. Gox was far higher than anyone else? That was because most investors couldn't get funds out of Mt. Gox.
Is there any chance of price going down due to Mintpal scam? I think some whales lost their money big time and no luck getting them back.
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One goes down – they all go down.
Well, of course. That's how multiple exchanges work. If there's any significant price difference between exchanges, somebody will buy on one and sell on another, and the prices will equalize. The prices will close up to the cost of the transaction, which is a few percent on Bitcoin exchanges.
This is arbitrage.
If you see a significant difference between exchanges, that's a bad sign. It means there's trouble getting funds out of some exchange. Remember when Mt. Gox was far higher than anyone else? That was because most investors couldn't get funds out of Mt. Gox.
first time i have ever had to agree with a link moriarty posts..
PHP based exchanges are very much fake valuations
PHP based exchanges are very much fake valuations
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