Topic: RALLY! - page 29. (Read 63121 times)

The manipulation that we are seeing is disgusting.

This is a dark entity trying to prevent the inevitable...

I changed my first name on Facebook to "Bitcoin"

That's what he wants you to think!   
And that's what he wants me to say! 

I think we are bottoming out here

Since we broke through $6 two weeks ago, we have been bouncing off of $7.20.  You will notice that most of these "bounces down" took us under $6.50... you will also notice that we haven't gone under $6.50 today.  We are consolidating closer and closer, the ask wall is a lot bigger now but I'm not scared... Still looking bullish to me.

After seeing the depth shift while I was working..

I need a 420 break... shit brother!

I liquidated, loss of $1.24...   

Could have been worse

Remember how huge walls used to rise and disappear almost every day?  That kind of behavior was the rule, and the recent lack of such obvious manipulation is the exception.

Asterisk disapeared.

Remember how huge walls used to rise and disappear almost every day?  That kind of behavior was the rule, and the recent lack of such obvious manipulation is the exception.

But yeah, it's just an attempt to shake out weak hands.  I'm almost positive we'll be back over $7 later this week.

I have never before seen such obvious manipulation of the market. And not just general manipulation, large scale manipulation done by one individual or group. I don't know who or what is doing it, but there is clearly a purpose behind it. I think that right now the purpose is to put everything to the table in one desperate attempt to cause a small crash and get even more coins at cheap prices, before it's simply too late.

This is flawed thinking in my opinion. The attention Bitcoin got in May and June brought many of us here and we are still here. Bitcoin doesn't need the kind of boost it got last time to get to $30 and beyond because it already has a significant userbase and community around it. Also, the market is still so small that only one or two major players could change everything. This is why CES might prove quite significant in the long run.

The effect we had from the Good Wife episode is unknown yet but what we do know is that google search for "bit coin" spiked massively and reached 6th place in google hot trends list. We have significant press all the time btw, just 3 weeks ago we had the news about Bitcoin's comeback. And these news won't stop, in fact it's very likely that we will be seeing plenty of press in 2012.

And sometimes it's the small press that impresses people. As a long time poker pro (at least part-time) I've always thought that gambling is one of the most potential markets for Bitcoin. This very recent article basically mirrors my thinking and got me very excited: http://www.osga.com/artman/publish/article_9969.shtml

One justification for the sell-off seems to be that "The Good Wife on that TV isn't going to do anything" which, honestly I thought was going to be true.  I had pulled my investments earlier for that reason expecting a massive disappointment and way over-hyped speculation.

But then I saw the episode.

I didn't count exactly, but the word "bitcoin" was said something like 40 times.  The show featured a full-on introduction video to what bitcoin is, all while portraying a bitcoin as something cool that forward-thinking young interracial couples know about.

In addition, the word bitcoin was spread far and wide into a show with a high-brow target audience.  The word bitcoin graced the front page of the New York Times again last night.  Many articles with the word "Bitcoin" directly in the title have spread to newspapers and reviews, Huffington Post TV, for example.  Jim Cramer spoke the word "bitcoin" and said it was not a "currency."  All of this happened because of the show.

Up until now, many people may have heard about bitcoin, but just last night and today, a "blanket promotional advertising campaign" hit.  It was probably the first time many people who have heard the word before have been reinforced with the word bitcoin, and again, it was pounded into their head.  Perfect advertising strategy.  We could not have bought better product placement.

So to whomever is thinking that little TV thing was a flash in the pan, consider the depth of the exposure that was caused.  It may look like a massive sell-off, and many people are looking to protect their money, but in the long term I think that's foolish.  Bitcoin just received a massive public awareness push.

That being said.  Yea, manipulators.

One justification for the sell-off seems to be that "The Good Wife on that TV isn't going to do anything" which, honestly I thought was going to be true.  I had pulled my investments earlier for that reason expecting a massive disappointment and way over-hyped speculation.

But then I saw the episode.

I didn't count exactly, but the word "bitcoin" was said something like 40 times.  The show featured a full-on introduction video to what bitcoin is, all while portraying a bitcoin as something cool that forward-thinking young interracial couples know about.

In addition, the word bitcoin was spread far and wide into a show with a high-brow target audience.  The word bitcoin graced the front page of the New York Times again last night.  Many articles with the word "Bitcoin" directly in the title have spread to newspapers and reviews, Huffington Post TV, for example.  Jim Cramer spoke the word "bitcoin" and said it was not a "currency."  All of this happened because of the show.

Up until now, many people may have heard about bitcoin, but just last night and today, a "blanket promotional advertising campaign" hit.  It was probably the first time many people who have heard the word before have been reinforced with the word bitcoin, and again, it was pounded into their head.  Perfect advertising strategy.  We could not have bought better product placement.

So to whomever is thinking that little TV thing was a flash in the pan, consider the depth of the exposure that was caused.  It may look like a massive sell-off, and many people are looking to protect their money, but in the long term I think that's foolish.  Bitcoin just received a massive public awareness push.

That being said.  Yea, manipulators.