Topic: Price manipulation going on right now at the big exchanges (Read 4998 times)
yeah sure, this is manipulation but many people left the market the last months because they are sick of this crap. more and more money is pulled out of the market and the minners are dumping all the time
I don't know how much manipulation is going on but it seems panic is slowly taking a hold again over bitcoiners the last few hours...
Most people know about the manipulation, that's why the buy in is going to be so hard to call. I think one massive re-entry is going to turn this around.
It went down sub 300 only to go +100$; the global markets are in total denial or the reality in the US and Europe, they are overestimating the positive results of government actions and QE and underestimating the debt problem of the US and most of Europe; when the market comes to its senses, all markets will be different and we may go on on a more positive and rational ground
We still hear that Japan had a deflation problem and that China is overrated!
Both are untrue I don't know how much manipulation is going on but it seems panic is slowly taking a hold again over bitcoiners the last few hours...
Most people know about the manipulation, that's why the buy in is going to be so hard to call. I think one massive re-entry is going to turn this around.
At this low level of volume, it's a wonder that exchanges are not discounting trades. I suspect the new trading model is to suppress trades in order to gain commissions for bulk orders rather than depend on fees with low volume.
I don't know how much manipulation is going on but it seems panic is slowly taking a hold again over bitcoiners the last few hours...
As long OTC bitcoin trades take place, one can never know the actual demand for bitcoin. I would argue that the OTC market is a far better gauge of demand. If the price is being deliberately suppressed, then it is creating the ideal price on-ramp for heavy investors. If/when we see the price rise or accelerate, those investors will have sizeable positions, while everyday buyers will face daily buying limits. Demand pressure can easily reach a bottleneck because of bitcoin's limited supply. This could be in a year, 2, 3 years.
And just how long will miners be willing to go along with the lower price? Bitcoin's difficulty and hashing are ever increasing. Miners have serious expenses to balance out. They can't subsidize an artificial low price.
And just how long will miners be willing to go along with the lower price? Bitcoin's difficulty and hashing are ever increasing. Miners have serious expenses to balance out. They can't subsidize an artificial low price.
The typically low levels of trading on the exchanges, followed by massive increases in trading during times of price volatility, suggests to me that there is very little hft going on during normal times.
This is more likely.. When demand exceeds supply price >UP, Supply exceeds demand price >DOWN.
Price is dropping and levels of trading are low.
Conclusion. The Market has now fallen out of love with bitcoin and sees it as Mickey Mouse and will not be taken seriously by the masses or
The Market is sitting on the sidelines with big bags of cash waiting and waiting until they see the signs of hitting the bottom and the Bounce.
My opinion is that as the volumes are low then the swings are happening through day trading and short term speculation.
I,for one, have a shed load of cash sitting on my exchange waiting and will look to get it on around $350 however will try and hold for $320 BUT if take off then I hope i dont miss the boat because it may be a very fast escalation.
Good Luck all
Not falling out of love because there are new players that pour new money everyday and a lot of money is waiting on the side lines to buy some BTC when it goes up again
A lot of miners need to sell and early adopters have many ways to spend their bitcoins online now and the websites where they spend it mostly sell the BTC they receive
there is indeed some manipulation, i have seen many wall with the same value, from both sides buyers and seller, someone is playing
The typically low levels of trading on the exchanges, followed by massive increases in trading during times of price volatility, suggests to me that there is very little hft going on during normal times.
This is more likely.. When demand exceeds supply price >UP, Supply exceeds demand price >DOWN.
Price is dropping and levels of trading are low.
Conclusion. The Market has now fallen out of love with bitcoin and sees it as Mickey Mouse and will not be taken seriously by the masses or
The Market is sitting on the sidelines with big bags of cash waiting and waiting until they see the signs of hitting the bottom and the Bounce.
My opinion is that as the volumes are low then the swings are happening through day trading and short term speculation.
I,for one, have a shed load of cash sitting on my exchange waiting and will look to get it on around $350 however will try and hold for $320 BUT if take off then I hope i dont miss the boat because it may be a very fast escalation.
Good Luck all
Yes there is undoubtedly a lot of cash sat waiting for 'the bottom'. Every troll and bear on here is included in that camp, too.
It would be fascinating to know the amounts of cash held by various exchanges and see how that matches up to the btc price.
The typically low levels of trading on the exchanges, followed by massive increases in trading during times of price volatility, suggests to me that there is very little hft going on during normal times.
This is more likely.. When demand exceeds supply price >UP, Supply exceeds demand price >DOWN.
Price is dropping and levels of trading are low.
Conclusion. The Market has now fallen out of love with bitcoin and sees it as Mickey Mouse and will not be taken seriously by the masses or
The Market is sitting on the sidelines with big bags of cash waiting and waiting until they see the signs of hitting the bottom and the Bounce.
My opinion is that as the volumes are low then the swings are happening through day trading and short term speculation.
I,for one, have a shed load of cash sitting on my exchange waiting and will look to get it on around $350 however will try and hold for $320 BUT if take off then I hope i dont miss the boat because it may be a very fast escalation.
Good Luck all
The typically low levels of trading on the exchanges, followed by massive increases in trading during times of price volatility, suggests to me that there is very little hft going on during normal times.
The institutional traders using HFT bots are indeed dictating the direction of the exchanges.
Care to tell us how exactly institutional traders run hft bots on exchanges that lack infrastructure for hft...
The trading bots you see on bitstamp, btc-e etc have nothing to do with hft...
Atlas ATS, Huobi
Some chinese billionare use bitcoin to convert their yuan to usd without any limit, so btc price could go under the mining cost ( + 10-20 % ) in short term ( ask yourself how many billionare live in china and how many of them want to convert their yuan to usd and how many of them enough to keep the price down by dumping btc on usd exchanges) (+ otc buying and exchange selling)
Where is the buying on Chinese exchanges to support this theory?
The theory is that they bought mining equipment.
China is very active in Bitcoin but saying Billionaires use bitcoins to change their Yuan in USD is false because they don't; it would be a hassle and there are easier way to change it + They prefer buying businesses, other currencies or Gold than USD and they are correct
It is crazy that people buy the USD against the Yuan
The institutional traders using HFT bots are indeed dictating the direction of the exchanges.
Care to tell us how exactly institutional traders run hft bots on exchanges that lack infrastructure for hft...
The trading bots you see on bitstamp, btc-e etc have nothing to do with hft...
Some chinese billionare use bitcoin to convert their yuan to usd without any limit, so btc price could go under the mining cost ( + 10-20 % ) in short term ( ask yourself how many billionare live in china and how many of them want to convert their yuan to usd and how many of them enough to keep the price down by dumping btc on usd exchanges) (+ otc buying and exchange selling)
Where is the buying on Chinese exchanges to support this theory?
The theory is that they bought mining equipment.
Doesn't help the price.
Some chinese billionare use bitcoin to convert their yuan to usd without any limit, so btc price could go under the mining cost ( + 10-20 % ) in short term ( ask yourself how many billionare live in china and how many of them want to convert their yuan to usd and how many of them enough to keep the price down by dumping btc on usd exchanges) (+ otc buying and exchange selling)
Where is the buying on Chinese exchanges to support this theory?
The theory is that they bought mining equipment.
Buy directly from miners or build their own mining farm ( payed with yuan, electricity too )
$350 would be nice
Some chinese billionare use bitcoin to convert their yuan to usd without any limit, so btc price could go under the mining cost ( + 10-20 % ) in short term ( ask yourself how many billionare live in china and how many of them want to convert their yuan to usd and how many of them enough to keep the price down by dumping btc on usd exchanges) (+ otc buying and exchange selling)
Where is the buying on Chinese exchanges to support this theory?
The theory is that they bought mining equipment.
Some chinese billionare use bitcoin to convert their yuan to usd without any limit, so btc price could go under the mining cost ( + 10-20 % ) in short term ( ask yourself how many billionare live in china and how many of them want to convert their yuan to usd and how many of them enough to keep the price down by dumping btc on usd exchanges) (+ otc buying and exchange selling)
Where is the buying on Chinese exchanges to support this theory?
Some chinese billionare use bitcoin to convert their yuan to usd without any limit, so btc price could go under the mining cost ( + 10-20 % ) in short term ( ask yourself how many billionare live in china and how many of them want to convert their yuan to usd and how many of them enough to keep the price down by dumping btc on usd exchanges) (+ otc buying and exchange selling)
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