Last time $3 was "the manipulator"... what now? - page 3.

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

All the dollars of the big buywall are bitcoins now - or in other words someone must hold or accept tough losses!

About the next movements I am as puzzeled as the next guy. I currently hold only very limited coins and wouldn't
be too surprised if we see a little drop back to 2.85. At then I will buy again.

yes I agree the last climbs seemed really really genuine.

If there still is a manipulator out there he is either in sleep mode or has learned to not have obvious steep walls.

@Dan the man: I like this explanation

Basic question is the economic situation of the bitcoin users: Do they have enough cash to hold their bitcoins or must they eat it?
Or do they believe to know better investments and it is only about money then share your thoughts Grin

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: trogdorjw73 on December 06, 2011, 12:09:55 PM

The calm before the storm hits next weekend... perhaps the weekend after that. I'm inclined to think that those holding and waiting for the price to increase are going to do their monthly cash out a little earlier than in November, just in time for the holiday break.

Yikes there's going to be a storm!? This coming weekend or next? What price will it go to?

trogdorjw73

hero member

Activity: 482

Merit: 500

The calm before the storm hits next weekend... perhaps the weekend after that. I'm inclined to think that those holding and waiting for the price to increase are going to do their monthly cash out a little earlier than in November, just in time for the holiday break.

Dan The Man

hero member

Activity: 672

Merit: 500

Quote from: evoorhees on December 06, 2011, 12:01:05 PM

A week or two ago when Bitcoin went up to the $3 mark, many here said it was "artificially caused" by the massive "fake" bid wall of "the manipulator." Well, that bid wall wasn't fake - it was filled.

But here we are at $3 again... so what's the excuse this time?

The manipulator ate up all of the "real" sells when the "artifical" bidwall got sold through. This "artificially" depleted the appetite for selling allowing the new buyers to move there bids up because of the lull in sells caused by the manipulator's 45k bidwall getting eaten.

Another way to put it is that there was over 100k USD dangling just outside the bitcoin economy. Someone reached out and pulled that money in, so now the market is worth 100k more.

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

This is the most genuine a climb as I've seen...

pirateat40

sr. member

Activity: 378

Merit: 250

"Yes I am a pirate, 200 years too late."

Sheer market destruction, to $1 we go. RUN for your life!

who knows

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

A week or two ago when Bitcoin went up to the $3 mark, many here said it was "artificially caused" by the massive "fake" bid wall of "the manipulator." Well, that bid wall wasn't fake - it was filled.

But here we are at $3 again... so what's the excuse this time?

Topic: Last time $3 was "the manipulator"... what now? - page 3. (Read 4609 times)