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Topic: Spike finished, going back to 2 - page 3. (Read 5221 times)

hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 27, 2011, 01:19:00 PM
#27
Being liquidated means he's already forced to sell buy back his borrowed bitcoins at a higher price, so he already lost a lot of money. If he had seen this coming, he could indeed have added funds beforehand.

Edit: oops, thanks for the correction
legendary
Activity: 4760
Merit: 1283
October 27, 2011, 01:17:09 PM
#26
yeah its funny, keep watching.

its not funny if you're short Zhoutonged.
No kidding, tell me about it.  Went short after a big spike yesterday and now I'm screwed Zhoutonged.  I've stayed away from Bitcoinica for a long time cuz the same thing happened to me last time dangit!

I've not used Bitcoinica (yet), but could you not just keep adding funds to your maintenance account?
hero member
Activity: 630
Merit: 500
October 27, 2011, 12:49:14 PM
#25
yeah its funny, keep watching.

its not funny if you're short Zhoutonged.
No kidding, tell me about it.  Went short after a big spike yesterday and now I'm screwed Zhoutonged.  I've stayed away from Bitcoinica for a long time cuz the same thing happened to me last time dangit!
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 27, 2011, 11:45:36 AM
#24
This is very much the case, and I am happy to clarify that if there was anyone who was confused here.

I personally tend to write off anyone who does 'know' something pretty quickly and rarely regret doing so.
Fair enough Smiley It's funny to look at this bitcoinbullbear guy's site, and analyse what he actually predicted, and how much of it came (/didn't come) true. Basically, he's just good at looking back at his previous post, and wording things such, that it sounds like he predicted whatever happened. Does anyone actually have a subscription to his "short term alert" service? (I wouldn't pay a satoshi for it, but I'm wondering if it is actually of any use.)
legendary
Activity: 4760
Merit: 1283
October 27, 2011, 11:41:18 AM
#23
It almost seems like some fairly big player(s) are sucking up BTC after a period of backfill.  Maybe they are playing the market and will dump at higher prices, but I could also imagine them sitting on their positions for the same reasons I sit on mine.
So basically, you know that you know nothing Smiley

This is very much the case, and I am happy to clarify that if there was anyone who was confused here.

I personally tend to write off anyone who does 'know' something pretty quickly and rarely regret doing so.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 27, 2011, 11:36:34 AM
#22
Seems like the last three big spikes (i.e. 10k -15k BTC within an hour or so) have resulted in higher prices.  My sense is that the numbers of BTC acquired during these periods at least covers the native inflation of Bitcoin, and BTC has been raising in value since this started to occur.

It almost seems like some fairly big player(s) are sucking up BTC after a period of backfill.  Maybe they are playing the market and will dump at higher prices, but I could also imagine them sitting on their positions for the same reasons I sit on mine.

No it's just the fact that if you have sufficient volume on mtgox you can suck them up once your pump has taken grip and dump them shortly after. Just wait.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 27, 2011, 11:34:59 AM
#21
It almost seems like some fairly big player(s) are sucking up BTC after a period of backfill.  Maybe they are playing the market and will dump at higher prices, but I could also imagine them sitting on their positions for the same reasons I sit on mine.
So basically, you know that you know nothing Smiley
legendary
Activity: 4760
Merit: 1283
October 27, 2011, 11:33:45 AM
#20
Seems like the last three big spikes (i.e. 10k -15k BTC within an hour or so) have resulted in higher prices.  My sense is that the numbers of BTC acquired during these periods at least covers the native inflation of Bitcoin, and BTC has been raising in value since this started to occur.

It almost seems like some fairly big player(s) are sucking up BTC after a period of backfill.  Maybe they are playing the market and will dump at higher prices, but I could also imagine them sitting on their positions for the same reasons I sit on mine.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 27, 2011, 11:29:18 AM
#19
Just wait for the next guy taking a dump, too much greed ruins your profits.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 27, 2011, 11:27:16 AM
#18
The price is going to climb slowly, spikes above 3.2, fluctuates a bit, spikes again, and then settles around 3.

Someone has to sell into him to take him down.
i nominate you.
Let's vote on it. I vote Edward50 too.
legendary
Activity: 1764
Merit: 1002
October 27, 2011, 11:26:30 AM
#17
Someone has to sell into him to take him down.


i nominate you.
hero member
Activity: 602
Merit: 500
October 27, 2011, 11:10:28 AM
#16
Last nights bid order in RED, todays in blue. You can clearly see him reinforcing the bidwalls under the spot price with ove 5K walls. This bastard manipulator is ruining our dreams of cheap bitcoins. Someone has to sell into him to take him down.

You can also notice that he removed his 26,322 bidwall at 2.5, and seemed to have spread it around to the other .05 increments. This guy seems to be playing with a limited amount of bitcoins. Again, he needs to be stopped. Bitcoins should be cheap and affordable for everyone.


Bid   2.1   778.5
Bid   2.15   2107.83
Bid   2.2   5060.48
Bid   2.25   3184.2
Bid   2.3   2480.02
Bid   2.35   2012.49
Bid   2.4   5923.39
Bid   2.45   5576.28
Bid   2.5   26322.9
Bid   2.55   2886.89
Bid   2.6   6318.72
Bid   2.65   7649.42
Bid   2.7   6683.69
Bid   2.75   2568.1
Bid   2.8   537.93



Bid   2.2   3206.44
Bid   2.25   3174.89
Bid   2.3   3352.13
Bid   2.35   1984.32
Bid   2.4   5667.52
Bid   2.45   4891.53
Bid   2.5   7052.89
Bid   2.55   3432.12
Bid   2.6   8232.7
Bid   2.65   7643.04
Bid   2.7   8682.27
Bid   2.75   6472.46
Bid   2.8   4255.54
Bid   2.85   689.34
legendary
Activity: 1764
Merit: 1002
October 27, 2011, 08:38:12 AM
#15
yeah its funny, keep watching.

its not funny if you're short Zhoutonged.
full member
Activity: 196
Merit: 101
October 27, 2011, 08:25:50 AM
#14
yeah its funny, keep watching.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 27, 2011, 08:20:56 AM
#13
Heh, the spike happened Smiley This is totally going to prop up the BTC prices for a while. Bye bye, 2.8 Smiley

PS: It's fun how everyone talks about this manipulator as if he's just one guy… Obviously it's the bitcoinman sachs group.
full member
Activity: 196
Merit: 101
October 27, 2011, 07:46:52 AM
#12
if this is happening then the most sensible reason is that he has sell orders that he is pushing the market into. as his sell orders are sold he reinforces his buy orders pushing the price slighty higher. When his big sell orders have been consumed he will pull his bids and let the market fall to a good price to buy. rinse and repeat.

this is what has been happening all along the downtrend.

He probably has a million coins.  He can't sell them all without making the price drop 80%.
yeah, he is not going to dump any way that is not the style of the manipulator.  he has asks in place and moves the market up towards his asks.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
October 27, 2011, 07:04:45 AM
#11
I think it's going to spike to 3 again soon.
full member
Activity: 210
Merit: 100
October 27, 2011, 04:57:23 AM
#10
if this is happening then the most sensible reason is that he has sell orders that he is pushing the market into. as his sell orders are sold he reinforces his buy orders pushing the price slighty higher. When his big sell orders have been consumed he will pull his bids and let the market fall to a good price to buy. rinse and repeat.

this is what has been happening all along the downtrend.

He probably has a million coins.  He can't sell them all without making the price drop 80%.
full member
Activity: 196
Merit: 101
October 27, 2011, 02:04:42 AM
#9
To me it looks like the manipulator is trying to push the price back up. He keeps putting his bid walls higher, He now has every .05 cents reinforced by over 5,000 bitcoins. Anytime bitcoin raises .05 cents, he reinforces .05 below that point with a big bidwall.

He probably is buying them at the spot price also.

I don't know how much money he is willing to invest at this point, but it has seemed he has unlimited funds and does not want to give up on bitcoin.

Without the manipulator we would be seeing less than $1.00 right now.

Bid   2.1   778.5
Bid   2.15   2107.83
Bid   2.2   5060.48
Bid   2.25   3184.2
Bid   2.3   2480.02
Bid   2.35   2012.49
Bid   2.4   5923.39
Bid   2.45   5576.28
Bid   2.5   26322.9
Bid   2.55   2886.89
Bid   2.6   6318.72
Bid   2.65   7649.42
Bid   2.7   6683.69
Bid   2.75   2568.1
Bid   2.8   537.93

if this is happening then the most sensible reason is that he has sell orders that he is pushing the market into. as his sell orders are sold he reinforces his buy orders pushing the price slighty higher. When his big sell orders have been consumed he will pull his bids and let the market fall to a good price to buy. rinse and repeat.

this is what has been happening all along the downtrend.
full member
Activity: 210
Merit: 100
October 27, 2011, 01:39:06 AM
#8
To me it looks like the manipulator is trying to push the price back up.


I think he's given up.  He's just following trends.
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