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Topic: Manipulation finished. Bubble popping. - page 4. (Read 6947 times)

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
December 30, 2016, 11:28:46 AM
#64
As far as manipulation I see no evidence of that in the markets.

I'm not defending kwuk's "it's all manipulation" theory, but at the same time pretending like there isn't any manipulation is naive.

For example, yesterday on Finex tons of bids were pulled and tons of asks were added, at the same time, by a single entity, to make it look like there was huge market depth on the upside but very little on the downside. That's pretty clearly intended to manipulate people to act a certain way (and apparently it works on some). Today, it's gone (poof).



Also, the constant barrage of trolls (kwuk included!) on bitcointalk could be considered attempted manipulation.

Finally, the outright, in-your-face manipulation of governments around the world by classifying Bitcoin and assigning certain regulations on it's use.

If there is a market, someone is going to attempt to manipulate it to their favor. There isn't necessarily anything wrong with that (until force is involved, i.e. government regulation).
I agree with you that there is and has always been some manipulation. But I think it has a negligible effect on the market and is in no way the basis for the growth we see. A person willing to risk a lot of coin could leverage that on an exchange, but it is not going to manipulate the entire bitcoin market. It has just grown to large and diverse, IMO.
As far as disinformation operations that seek to vilify BTC or manipulate my opinion with fear... Well good luck keeping a good idea down. All I have to do is ignore baseless nonsense and act logically. I ask myself "Is bitcoin still the fastest, cheapest, and most secure way to pay anyone anywhere?" As long as that is true bitcoin is worth trillions in USD.
As to the last point about manipulation by governments that can be an issue, but not a bitcoin issue. Some governments outright steal via taxation. Bitcoin offers victims of economic oppression an option to opt out more than a way for such states to victimize them. 
legendary
Activity: 1120
Merit: 1012
December 30, 2016, 10:44:56 AM
#63
As far as manipulation I see no evidence of that in the markets.

I'm not defending kwuk's "it's all manipulation" theory, but at the same time pretending like there isn't any manipulation is naive.

For example, yesterday on Finex tons of bids were pulled and tons of asks were added, at the same time, by a single entity, to make it look like there was huge market depth on the upside but very little on the downside. That's pretty clearly intended to manipulate people to act a certain way (and apparently it works on some). Today, it's gone (poof).



Also, the constant barrage of trolls (kwuk included!) on bitcointalk could be considered attempted manipulation.

Finally, the outright, in-your-face manipulation of governments around the world by classifying Bitcoin and assigning certain regulations on it's use.

If there is a market, someone is going to attempt to manipulate it to their favor. There isn't necessarily anything wrong with that (until force is involved, i.e. government regulation).
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
December 30, 2016, 10:25:05 AM
#62
But here's the thing duck.

Quote
Besides the support being extremely weak at this point.
Hugh? bitcoin is growing exponentially around the world.

Quote
The most important indicator is flawed fundamentals that are not being resolved, this pretty much guarantees a system doomed to fail in its current state.

Ok, there is some controversy about scaling issues. I don't see how that guarantees anything.

Quote
The only thing countering this downward spiral is hype and manipulation. Hype will blow over but the manipulation can be sustained for quite some time, as long as there are fools to trick.

Well any money is backed by faith or "hype". Dollars are just fancy paper and gold is just a shinny rock. People think they are worth something and agree on what that value should be via markets. So money is hype, that may be true. As far as manipulation I see no evidence of that in the markets. If you do please show it. Showing it is something, claiming it is nothing.


Quote
We need crypto in this world but bitcoin isn't the solution (at least in its current form).
The price will reflect this.
By going up? So far the price has reflected growing interest and an ever expanding user base.


You may believe bitcoin will fail, maybe not. But why should we believe that when all economic indicators point north? And when you have literally been wrong every other time you predicted bitcoin's imminent collapse?
legendary
Activity: 1795
Merit: 1208
This is not OK.
December 30, 2016, 08:32:34 AM
#61
I've never known someone to enjoy being so very wrong all the time until I happened across kwukduck.

Also:
https://blockchain.info/address/14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E

Hmmm. That's some tippage there. All those droves of people appreciating kwuk's advice.
legendary
Activity: 1937
Merit: 1001
December 30, 2016, 07:22:42 AM
#60
@orpington
@lambdaE

Besides the support being extremely weak at this point.
The most important indicator is flawed fundamentals that are not being resolved, this pretty much guarantees a system doomed to fail in its current state.
The only thing countering this downward spiral is hype and manipulation. Hype will blow over but the manipulation can be sustained for quite some time, as long as there are fools to trick.


We need crypto in this world but bitcoin isn't the solution (at least in its current form).
The price will reflect this.
sr. member
Activity: 251
Merit: 250
December 30, 2016, 07:15:25 AM
#59
Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

I have aid this for awhile now people are to bully and think there has been a sudden surge of new money. Nope, same old manipulators kicking ass.. Until next time friends........
hero member
Activity: 784
Merit: 512
December 30, 2016, 07:11:26 AM
#58
kvukduck, honestly, what is your best advice for the average bitcoin investor?
legendary
Activity: 1232
Merit: 1000
December 30, 2016, 07:09:14 AM
#57
We have a small correction and people think it is a bubble popping?
Whether the price was manipulated or not, there are enough believers in Bitcoin's potential. We will have strong support at $890-$900, if at all Bitcoin retreats to those levels.
legendary
Activity: 2170
Merit: 1427
December 30, 2016, 06:56:30 AM
#56
nah what i see is a price correction, liek the one that happened before we reached $900, it returned back a little, it will repeat the same story now

it can go pumped forever you know that would be stupid to think, but i also don't believe we are ready for $1k yet

We're definitely not ready for $1000 prices yet. If you look at how weak the support is, then it doesn't take much to get the price to tank all the way to $800's. The price went up way too much in such a short period of time. Buy support takes time to build up, where it later is able to absorb some level of securing profits by large players. Right now it's peanuts for a large player to put people back on earth. If we end up falling back to the $800's, then we still can look back at a more than successful/profitable year.
legendary
Activity: 1937
Merit: 1001
December 30, 2016, 06:38:55 AM
#55
Today, many people are skeptical about the growth rate of Bitcoin, they are thinking it's a typical investment bubble, but I don't think we need to consider the digital currency as another form of securities. Rather, it can be compared to email, websites, MP3 and ebooks. This is a technological innovation that will soon be able to replace the technology of the past – namely, the usual, fiat.

It could be that.
Unfortunately that is not what it is with all the fundamental flaws in the protocol.
And even worse, what the community made of it.
hero member
Activity: 784
Merit: 512
December 30, 2016, 05:46:12 AM
#54
Today, many people are skeptical about the growth rate of Bitcoin, they are thinking it's a typical investment bubble, but I don't think we need to consider the digital currency as another form of securities. Rather, it can be compared to email, websites, MP3 and ebooks. This is a technological innovation that will soon be able to replace the technology of the past – namely, the usual, fiat.

Yes, however I do believe kukduck may be a time traveler from the future sent to warn us.
hero member
Activity: 1078
Merit: 514
December 30, 2016, 05:30:49 AM
#53
Today, many people are skeptical about the growth rate of Bitcoin, they are thinking it's a typical investment bubble, but I don't think we need to consider the digital currency as another form of securities. Rather, it can be compared to email, websites, MP3 and ebooks. This is a technological innovation that will soon be able to replace the technology of the past – namely, the usual, fiat.
legendary
Activity: 3248
Merit: 1070
December 30, 2016, 02:49:20 AM
#52
nah what i see is a price correction, liek the one that happened before we reached $900, it returned back a little, it will repeat the same story now

it can go pumped forever you know that would be stupid to think, but i also don't believe we are ready for $1k yet
hero member
Activity: 784
Merit: 512
December 30, 2016, 02:49:14 AM
#51
As you can see here 95% of all btc is contained within 0.17% of all addresses.

Of course most addresses don't have any coins in them anymore.

An address that has not had coins spent from it is more secure than one which has. Therefore, the most prudent thing to do when spending a partial balance is to send the rest to a new address that you also have the key for.

Sample size of one, most of the addresses I've used now have a zero balance. But I know this is common practice for many people and businesses as well. Not to mention mixers and other cases where coins rapidly change hands.

And of course  zero balance addresses are excluded.


kwukduk, are you a government insider or are you just a regular dude?
full member
Activity: 219
Merit: 100
Art is the triumph over chaos
December 30, 2016, 02:15:34 AM
#50
while i am enjoying the rise and my profit i made a little picture representing cuckooduck's post history for funz.

removed to shorten post

keep it up bro, we expect seeing the same posts on $1200 and $2000,... or we'll miss you  Roll Eyes

This post made my day. LOL

These is what "experts" do in the real world. They just create some kind of fake prophecy and wait if it comes true. If it does come true they are indeed going to rub it in our faces and go "I told you so." But if they fail in their prediction they just shut up and create some excuse why it didn't happen. That's how they roll.

these two posts made my day lol.... this is so goddamn true... so immature...
member
Activity: 107
Merit: 10
December 30, 2016, 01:39:02 AM
#49
As you can see here 95% of all btc is contained within 0.17% of all addresses.

Of course most addresses don't have any coins in them anymore.

An address that has not had coins spent from it is more secure than one which has. Therefore, the most prudent thing to do when spending a partial balance is to send the rest to a new address that you also have the key for.

Sample size of one, most of the addresses I've used now have a zero balance. But I know this is common practice for many people and businesses as well. Not to mention mixers and other cases where coins rapidly change hands.

And of course  zero balance addresses are excluded.

Doesn't look that way to me.

Unless you believe 97% of positive balance addresses have less than a dollar's worth... and that this is somehow an indication of wealth inequality.

Never mind. That probably is the way you think.
hero member
Activity: 896
Merit: 514
December 30, 2016, 01:28:58 AM
#48
while i am enjoying the rise and my profit i made a little picture representing cuckooduck's post history for funz.

removed to shorten post

keep it up bro, we expect seeing the same posts on $1200 and $2000,... or we'll miss you  Roll Eyes

This post made my day. LOL

These is what "experts" do in the real world. They just create some kind of fake prophecy and wait if it comes true. If it does come true they are indeed going to rub it in our faces and go "I told you so." But if they fail in their prediction they just shut up and create some excuse why it didn't happen. That's how they roll.
hero member
Activity: 882
Merit: 506
December 30, 2016, 12:57:08 AM
#47
Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

I don't think 99% of the coins is owned by that few people. There are so many coins that have been mined and also there has been a lot of it in circulation. So I guess this is not true at all. Unless you prove it. Maybe there would be a correction of the price, but you can't say that it is manipulated solely by a few.
legendary
Activity: 3472
Merit: 10611
December 30, 2016, 12:37:15 AM
#46
while i am enjoying the rise and my profit i made a little picture representing cuckooduck's post history for funz.



keep it up bro, we expect seeing the same posts on $1200 and $2000,... or we'll miss you  Roll Eyes
legendary
Activity: 1937
Merit: 1001
December 30, 2016, 12:02:02 AM
#45
As you can see here 95% of all btc is contained within 0.17% of all addresses.

Of course most addresses don't have any coins in them anymore.

An address that has not had coins spent from it is more secure than one which has. Therefore, the most prudent thing to do when spending a partial balance is to send the rest to a new address that you also have the key for.

Sample size of one, most of the addresses I've used now have a zero balance. But I know this is common practice for many people and businesses as well. Not to mention mixers and other cases where coins rapidly change hands.

And of course  zero balance addresses are excluded.
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