Price manipulation going on right now at the big exchanges - page 3.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: zby on September 18, 2014, 04:03:42 PM

The Manipulator is back!!!

We are doomed.

https://bitcointalksearch.org/topic/timeline-of-the-manipulator-52431

Duh Duh Duuuh! Nah. There are a lot of reasons folks are skittish right now. 99% of those reasons are FUD.

zby

legendary

Activity: 1594

Merit: 1001

The Manipulator is back!!!

We are doomed.

https://bitcointalksearch.org/topic/timeline-of-the-manipulator-52431

Sevvero

sr. member

Activity: 350

Merit: 255

Don't be stupid. Merchants accepting BTC and converting it automatically to fiat. Ex BTC users not buying back in again, because they don't trust scam money anymore. Everyone just wants to get rid of it, miners, too. It's a long way down.

SELL NOW OR LOSE EVERYTHING

Quote

And never sell at a loss.

Worst advice ever. It's sometimes wiser to sell at a loss than to lose it all like many will now.

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

Miners dumping and/or retailers dumping (by proxy). Don't buy shit with BTC until retailers stop dealing with payment processors that dump on the market. And never sell at a loss.

TheWallStreetCrew

member

Activity: 111

Merit: 100

miners dumping. will continue until next block halving in 2017.

Verse

newbie

Activity: 48

Merit: 0

I'd buy at $300, but I'm very conservative in terms of risk so prices will likely rally long before my mark is hit. I suspect you're correct in that BTC will fall below $400 USD because the daily exchange rate has a lot of momentum that isn't visible within hourly trades due to arbitrage or the lack thereof.

I don't think there's a single entity manipulating the price, i.e. a large oldcoin dump. More or less the market = lemmings off a cliff. If an exchange were insolvent (and this were public knowledge) then we'd see a massive price drop in that exchange, and lesser drops in solvent exchanges, as happened with Mt. Gox.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: moriartybitcoin on September 18, 2014, 03:11:39 PM

Hi folks,

Two simple pertinent facts:

A. Bitcoin is gaining much wider acceptance at a rapid rate, and new Bitcoin companies overflowing with venture capital money are sprouting up daily
B. The price of Bitcoin is going down, not up

This can ONLY be explained by PRICE MANIPULATION on the part of one or more big exchanges like CoinBase, Bitstamp or BTC-E (the main culprits). Remember how Mark Karpeles' trading bots at Mt Gox spiked the price to $1200+ in November of 2013? Now the big exchanges are intentionally CRASHING the price so they can buy up CHEAPLY at rock bottom because they KNOW that the price is set for a massive boom due to increasing adoption worldwide.

How low will it go? Only the price manipulators know that, but my guess is well below $400.

Invest at $350 would be my recommendation.

And, of course, enjoy the ride.

Which exchange do you think is insolvent?

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Quote from: moriartybitcoin on September 18, 2014, 03:11:39 PM

And, of course, enjoy the ride.

Indeed. Back to the good old days!

mbaeichapareiko

member

Activity: 101

Merit: 10

+5

Kudos,

Another theory is that many may be selling bitcoin short following the trend, and we all know what happens when a price bounces and short sellers have to cover their position.

moriartybitcoin

hero member

Activity: 560

Merit: 500

★777Coin.com★ Fun BTC Casino!

Hi folks,

Two simple pertinent facts:

A. Bitcoin is gaining much wider acceptance at a rapid rate, and new Bitcoin companies overflowing with venture capital money are sprouting up daily
B. The price of Bitcoin is going down, not up

This can ONLY be explained by PRICE MANIPULATION on the part of one or more big exchanges like CoinBase, Bitstamp or BTC-E (the main culprits). Remember how Mark Karpeles' trading bots at Mt Gox spiked the price to $1200+ in November of 2013? Now the big exchanges are intentionally CRASHING the price so they can buy up CHEAPLY at rock bottom because they KNOW that the price is set for a massive boom due to increasing adoption worldwide.

How low will it go? Only the price manipulators know that, but my guess is well below $400.

Invest at $350 would be my recommendation.

And, of course, enjoy the ride.

Topic: Price manipulation going on right now at the big exchanges - page 3. (Read 4992 times)