that knife was everyone who expected a serious correction. turns out a lot of people did. i imagine the buyers who brought us back up to trend so quickly don't even understand why we might need such a thing and expect continued exponential growth forever (totally sustainable right? just find ten more people, and you get 10% of their earnings, and each of those people find ten people, etc...)
we are easily in bubble territory, and the knife was an exit sign. bulls, you may be right, but tread with caution. we haven't had a red candle on the weekly scale in almost two months.
Topic: Manipulation to induce panic. - page 2. (Read 4413 times)
And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.
the knife says at least one of us, if not many, do.
The knife (read: pig) would have earned at least 10% more in fiat if he had sold slowly at $26
And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.
the knife says at least one of us, if not many, do.
The difference is we made a higher high this time.
price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...
hot air? this is fundamental growth. https://bitcointalksearch.org/topic/fundamental-analysis-thread-143973
And it only becomes tempting to sell if you think we have hit the top. Not many of us around here think that is the case.
The difference is we made a higher high this time.
price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...
Yeah, so I couldn't let this one slide. (no pun intended)
You think we broke three bucks and bounced back because of "irrational bulls"? Listen, everyone was looking for a retrace, even me, and it didn't materialize - not like I thought it would. If there was word ONE that was true about your wish, we wouldn't be trading at 20 PLUS. We'd be at 14 or UNDER.
Seriously, we get a big sell event and it isn't enough to break the uptrend? What does that tell you?
I know what it means to me...
you don't understand. price moves of this magnitude in this short of a time frame are not sustainable. as the price climbs higher and higher, all of those coins bought at $5 and below (less than a year ago, mind you) become REALLY REALLY tempting to take profit on. the price is so high now because as this rally gained steam, asks were pulled higher and higher, skewing the supply. the price is inflated; the huge sell-off is proof of this. $26 was someone's price-point and going higher will continue to trigger more and more of these kinds of sell-offs. the fact that we moved three bucks down and back so quickly indicates to me that there are amateur bulls who will buy at any price, as long as it was lower than what bitcoin was worth yesterday. this is not sound trading. no wonder the price is bubbling up.
the knife was the smart money exiting the stage in response to the growing risk of holding the bag when another big player cashes out. we've reached a top, and smart money will continue to leave, while transferring coins from 'weak' hands to 'strong hands'. this is a good thing, as we need a real correction to this insanity, but it won't leave the BTCUSD rate unscathed. expect a midterm downtrend.
Could it have been a dump & pump ? 
The difference is we made a higher high this time.
price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...
Yeah, so I couldn't let this one slide. (no pun intended)
You think we broke three bucks and bounced back because of "irrational bulls"? Listen, everyone was looking for a retrace, even me, and it didn't materialize - not like I thought it would. If there was word ONE that was true about your wish, we wouldn't be trading at 20 PLUS. We'd be at 14 or UNDER.
Seriously, we get a big sell event and it isn't enough to break the uptrend? What does that tell you?
I know what it means to me...
The difference is we made a higher high this time.
price is not the only piece of data. we'd already be sliding into the downtrend if it weren't for the irrational bulls who pushed it up to new highs. the speed of the recovery simply goes to show how hot the flames expanding this balloon are. it's all hot air though. just wait, the knife was the sign...
we're here
The difference is we made a higher high this time.
we're here
I never said it was one entity, probably a bunch of people that imagined June 2011 happening all over again:
I really doubt this was one person did you even try to use gox during these times, was near impossible to even load up let alone throw in successful orders
it worked fine for me throughout the crash 
This is what $600,000 of profit-taking looks like:
AKA how to make 20% in four hours if you knew when to buy and sell.
AKA how to make 20% in four hours if you knew when to buy and sell.
I really doubt this was one person did you even try to use gox during these times, was near impossible to even load up let alone throw in successful orders
This is what $600,000 of profit-taking looks like:
AKA how to make 20% in four hours if you knew when to buy and sell.
AKA how to make 20% in four hours if you knew when to buy and sell.
They just wanted a red candle.
Fuck me if that is true
Valentine's day? Red candle? Makes sense!
red candle today, green candle tomorrow!
It's called a V-Reversal. It happens when irrational traders panic, then the saavy ones pick up the bargains. A transfer from the weak hands to the strong. This occurs in regular equity and commodity futures markets, too.
But keep on going with the "Master Manipulator" theory, its amusing to watch the group psychosis play out.
But keep on going with the "Master Manipulator" theory, its amusing to watch the group psychosis play out.
While there has CLEARLY been huge manipulation in the bitcoin market by market making whales, this sell off may have just been a correction. But the topic of if a BIG PLAYER out there has been pushing BTC around for periods of its history isn't really up to debate. You can see the super walls in plain sight. Pirate40 publicly said he was doing this.
It's called a V-Reversal. It happens when irrational traders panic, then the saavy ones pick up the bargains. A transfer from the weak hands to the strong. This occurs in regular equity and commodity futures markets, too.
But keep on going with the "Master Manipulator" theory, its amusing to watch the group psychosis play out.
But keep on going with the "Master Manipulator" theory, its amusing to watch the group psychosis play out.
They just wanted a red candle.
Fuck me if that is true
Valentine's day? Red candle? Makes sense!
They just wanted a red candle.
Fuck me if that is true
That was the first flash crash that I remember, usually takes couple of days to recover, this one was instant. Meaning - there's a lot of demand for coins at lower prices. Stable growth.
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