RALLY! - page 20. | Bitcointalksearch.org

NamelessOne

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Quote from: johnj on September 18, 2011, 04:21:30 PM

Quote from: ineededausername on September 18, 2011, 04:17:02 PM

We're at $5.4 and going up! Huge bidwalls are up... may be fake and may not. I see one at about 5.35 of 6000 ish Bitcoins.
edit: fake bidwall Sad

It's the manipulator, come to save us all!

YES! I love the manipulator! Save us! Keep up the good work!

johnj

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Quote from: ineededausername on September 18, 2011, 04:17:02 PM

We're at $5.4 and going up! Huge bidwalls are up... may be fake and may not. I see one at about 5.35 of 6000 ish Bitcoins.
edit: fake bidwall Sad

It's the manipulator, come to save us all!

Technomage

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Affordable Physical Bitcoins - Denarium.com

There was a bidwall of 15000 coins at 5.3 just a few minutes ago. It was removed quickly. Most of the single massive walls are fake, multiple medium sized walls is usually more reliable. The current wall looks very fake to me but I guess we'll see.

I'm not super bullish yet but getting there. Adjusted my buy-orders a bit higher, this move deserves that much. The market is confirming what I've thought recently, that the downtrend is over. Not calling an uptrend yet but the bubble has certainly deflated at this point.

We will probably be on the "neutral" zone for a while now and slowly recover to a new uptrend, which could be a fast one or a slow one.

ineededausername

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bitcoin hundred-aire

We're at $5.4 and going up! Huge bidwalls are up... may be fake and may not. I see one at about 5.35 of 6000 ish Bitcoins.
edit: fake bidwall Sad

ArsenShnurkov

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Quote from: ineededausername on September 18, 2011, 04:07:26 PM

It's moving really quickly too! 4c/s

Any news ?

ineededausername

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bitcoin hundred-aire

It's moving really quickly too! 4c/s

randomguy7

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yeah, BUY BUY BUY lol

Technomage

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Affordable Physical Bitcoins - Denarium.com

Time to resurrect this baby. We are on RALLY mode! It might turn out to be a mini-rally but it's refreshing to see some action after a few days of nothing.

Spekulatius

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LECK MICH AM ARSCH!!! Did u see what just happened to the big f****ing sell-walls on mtgoxlive? Nearly vanished till 7.00$!!!
RRAALLLLYY!!!

scource: bitcoinity.org

NamelessOne

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While I do believe there is a manipulator, I think it is an early adopter trying to show his faith in the bitcoin to the market rather then someone having hacked into MtGox. He has been doing it for a while. I honestly hope it works since bitcoin could be great. But we shall see.

GoWest

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Quote from: fastandfurious on September 11, 2011, 05:06:30 PM

Quote from: NamelessOne on September 11, 2011, 04:24:43 PM

When one person buys 15000 coins at once and causes the price spike to 7 before falling back down that isn't a rally, that is one person buying 15000 coins. A 'real' rally is when the market, consisting of many buyers actually causes a price to climb. At the time of my post, there had been no 'real' rally following that buy, just a drop. That single buy has caused some stir now and people are feeling confident to some degree, but it is still almost entirely based on one persons manipulation. All hail the manipulator!

Right. And don't forget the high inflation environment, 15 000 coins is what the inflation is in just 2 DAYS (7200 x 2). This is the reason we just see this fast spikes up and very short rally. As soon you give the market some time to digest all the trading volume, it starts to slide slowly down and almost always ends with a massive dump (because of all the new created bitcoins). One more year of this, because we have around 1 year and 3 months left of the high inflation environment.

Yeah, exactly. And, the guy who bought the 15 000 coins didn't even use REAL money. He manipulated Mt Gox to make it appear like he had money in his account, and then placed a buy order which FORCED Mt Gox to add Bitcoins to its own accounts so they could sell into the buyer and make it look like a legit market. I don't know how these guys get away with these things. How is this not obvious to everyone else? I say Bitcoins at $2 by the end of the week, unless this manipulation keeps happening. Keep in mind, guys, if it hits $10 or $20 per Bitcoin, remember that it's just a blip on the way down to $0. This is ridiculous.

fastandfurious

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Quote from: NamelessOne on September 11, 2011, 04:24:43 PM

When one person buys 15000 coins at once and causes the price spike to 7 before falling back down that isn't a rally, that is one person buying 15000 coins. A 'real' rally is when the market, consisting of many buyers actually causes a price to climb. At the time of my post, there had been no 'real' rally following that buy, just a drop. That single buy has caused some stir now and people are feeling confident to some degree, but it is still almost entirely based on one persons manipulation. All hail the manipulator!

Right. And don't forget the high inflation environment, 15 000 coins is what the inflation is in just 2 DAYS (7200 x 2). This is the reason we just see this fast spikes up and very short rally. As soon you give the market some time to digest all the trading volume, it starts to slide slowly down and almost always ends with a massive dump (because of all the new created bitcoins). One more year of this, because we have around 1 year and 3 months left of the high inflation environment.

NamelessOne

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Activity: 840

Merit: 1000

When one person buys 15000 coins at once and causes the price spike to 7 before falling back down that isn't a rally, that is one person buying 15000 coins. A 'real' rally is when the market, consisting of many buyers actually causes a price to climb. At the time of my post, there had been no 'real' rally following that buy, just a drop. That single buy has caused some stir now and people are feeling confident to some degree, but it is still almost entirely based on one persons manipulation. All hail the manipulator!

Jack of Diamonds

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Quote from: NamelessOne on September 11, 2011, 09:45:11 AM

While I wanted to buy in I didn't because this wasn't a real rally, just the manipulator buying 10000 BTC on once, putting up various walls that he then removed quickly when people starting selling to him.

Who or what decides when it's "real"?

I for one bought a load at sub $5 because it seemed like a bargain.
I could bear the drop to $3-$4 levels short term.

sveetsnelda

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You guys realize that a new exchange started up that allows margin trading with a 1:5 leverage, right? (bitcoinica.com)

This is where a lot of the volume is coming from, I'm sure.

johnj

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There's also a portion of traders who are asleep right now. Last they saw before going to bed was <$5. Who knows what they'll do when they see the change.

Technomage

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Quote from: NamelessOne on September 11, 2011, 09:45:11 AM

While I wanted to buy in I didn't because this wasn't a real rally, just the manipulator buying 10000 BTC on once, putting up various walls that he then removed quickly when people starting selling to him.

All the talk about "the manipulator" is silly. There is no one manipulator. What happened today could be a new investor simply buying coins for speculating, trading, investing long term... the fact is we don't know. I don't think it's a real rally yet either though, there will be a correction.

The volumes are incredible though. My prediction was that we'll see a rally of somekind with high volume next week but it happened already! Volume is over 100k and the price is currently at almost $7.

So even if this rally fades away and corrects, what I'm seeing here is a change of mindset and trend for the entire market. It's a good time to buy when it goes down again. At $7 it might not be a smart move because the rally will most likely have a correction and when it goes back to $5.xx, then it's the perfect time to jump in.

NamelessOne

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While I wanted to buy in I didn't because this wasn't a real rally, just the manipulator buying 10000 BTC on once, putting up various walls that he then removed quickly when people starting selling to him.

Bigpiggy01

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Time for a rebirth of this thread Grin

TraderTimm

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Quote from: Minsc on September 08, 2011, 12:52:21 AM

< snipped chart >

okay

Yes, Amazon has done quite well. Not sure how it is relevant, but there you go. Should be interesting to see what happens when CA taxes kick in next year.

Topic: RALLY! - page 20. (Read 39284 times)