Topic: It's almost 6AM in Beijing, China and looks like someone is trying to pump... - page 2. (Read 2396 times)
April 16, 2014, 06:15:37 PM
people always need to find some explanations when they don t understand. They could actually invent anything just to feel better. As fake chinese volume, whereas it s well known that they massively invest in bitcoin since months...
April 16, 2014, 06:08:57 PM
The price went up because someone bought. Why does it always have to be more complicated than that. It wouldn't even be so bad if it wasn't for the lack of any shred of evidence.
April 16, 2014, 06:08:19 PM
As everybody know, fake volume moves the market. Obv!
Seriously, it does.
U think MtGox never moved the market and we know that all that volume was fake as they never had the BTC that they said they had for months, if not longer. Even when it became clear that Gox was insolvent in both USD and BTC and Gox was trading in $100 range, Bitstamp etc still reacted to moves on Gox. It doesn't have to make sense, it is just how the game works.
Huobi goes apeshit, within 3-4 minutes, bot traders on USD exchanges are following it's lead, which causes whole market to take notice and dive in, especially if the pump is well timed such as on 1 day MACD crossoover, 'Blood Moon', etc.
April 16, 2014, 06:04:11 PM
Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
China pumps on largely fake volume.
Global USD exchanges react.
China dumps at top of market on global USD exchanges. Market fizzles out.
China dumps on largely fake volume.
Global USD exchanges react.
China buys at bottom of market on global USD exchanges.
Wash, rinse, repeat.
As everybody know, fake volume moves the market. Obv!
April 16, 2014, 06:01:25 PM
Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
China pumps on largely fake volume.
Global USD exchanges react.
China dumps at top of market on global USD exchanges. Market fizzles out.
China dumps on largely fake volume.
Global USD exchanges react.
China buys at bottom of market on global USD exchanges.
Wash, rinse, repeat, except that after every cycle, increasing amounts of Bitcoin investment capital grows more and more jaded with Bitcoin until they completely lose interest and/or realise they are playing in hookey manipulated market where the odds are stacked heavily against them. Liquidity is drained from market, market shrinks. Bear trend progresses ever further as the pirates proceed to squeeze as much blood as they can out of the market.
April 16, 2014, 05:59:44 PM
yea, was considering this to be a good selling opportunity
still don't wanna take the risk though
still don't wanna take the risk though
I think it's easier to get burned right now then it has been for a while. I can't handle the stress of begging for some huge red candle to get back in. No thanks
April 16, 2014, 05:41:03 PM
okcoin is awake it say up
April 16, 2014, 05:30:07 PM
Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
Yep. Saw that...
Now it is a little bit lower... but I am expecting in couple of hours +$30 is possible.
April 16, 2014, 05:25:34 PM
"Massive buying going on in all the markets. Don't think it should last long."
It was quiet the last few hours, btc price seemed stable at $515. Then, boom, 3-4 minutes before 6AM Beijing time, lots of small buy orders driving up the price to exactly $532. Now, it's quiet again. Someone laid a trap, it's a classic pump-and-dump.
It was quiet the last few hours, btc price seemed stable at $515. Then, boom, 3-4 minutes before 6AM Beijing time, lots of small buy orders driving up the price to exactly $532. Now, it's quiet again. Someone laid a trap, it's a classic pump-and-dump.
You seem to know a lot about trading and manipulation. Poor chinese people, so naive.
April 16, 2014, 05:21:38 PM
anyway, didn't the chinese ban it? /trollface
April 16, 2014, 05:19:32 PM
Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
for sure. who would buy in before the chinese wake up. thats craaaaazy talk!
April 16, 2014, 05:18:18 PM
yea, was considering this to be a good selling opportunity
still don't wanna take the risk though
still don't wanna take the risk though
April 16, 2014, 05:13:44 PM
"Massive buying going on in all the markets. Don't think it should last long."
It was quiet the last few hours, btc price seemed stable at $515. Then, boom, 3-4 minutes before 6AM Beijing time, lots of small buy orders driving up the price to exactly $532. Now, it's quiet again. Someone laid a trap, it's a classic pump-and-dump.
It was quiet the last few hours, btc price seemed stable at $515. Then, boom, 3-4 minutes before 6AM Beijing time, lots of small buy orders driving up the price to exactly $532. Now, it's quiet again. Someone laid a trap, it's a classic pump-and-dump.
April 16, 2014, 05:11:14 PM
Trap is set for unsuspecting Chinese buyers. Will they bite?
April 16, 2014, 05:04:04 PM
Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
Massive buying going on in all the markets. Don't think it should last long.
April 16, 2014, 04:59:16 PM
Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
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