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Topic: the long hard stairway to heaven? (Read 4569 times)

legendary
Activity: 1666
Merit: 1000
August 24, 2012, 04:01:34 PM
#42
It seems to me that it does create it's ask walls randomly now. So anybody may think that are different traders. Another nice strategy. Neat curve. Does not really matter.
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:48:34 PM
#41
The close change between the elongated stairs and the vanish of it shows the experimental character, how to manipulate people best. In all investments you have to anticipate with bid and ask walls at any times, that for sure are from a beginner (rather seldom I think) or a manipulator. So build an investment strategy that resists it (and follow it of course).
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:36:09 PM
#40
At least the people that sold in front of this wall learned their lessen.
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:32:55 PM
#39
Enough people talking about fiat flowing into the exchanges... must've made him nervous as hell.
Not necessarily for buying at 10 USD, but perhaps at 8 USD. My bid "wall" is on 8.66 USD, and I will not buy on higher rates (but sell a little bit).
donator
Activity: 1218
Merit: 1079
Gerald Davis
August 24, 2012, 12:31:30 PM
#38
No come back stairway to heaven.  You were reassuring me.  Now that you are gone obviously nobody wants bitcoins and they are worthless.  I should sell them at any price.  Hopefully there is someone out there who needs lots and lots of cheap coins.

"Sell 10,000 BTC at market.   Let me get whatever I can for these worthless coins.  $9, $8, hell even $5."

Nah.  I will just hang on to them Mr. Stairwell.  I got no debt and you got 5,000 BTC in interest piling up every day.

tick ... tick .. tick ...
legendary
Activity: 1106
Merit: 1001
August 24, 2012, 12:28:54 PM
#37
Enough people talking about fiat flowing into the exchanges... must've made him nervous as hell.
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:27:39 PM
#36
Now, stupids, buy quick on this huge bid walls, that I can sell some coins at 12 USD.
hero member
Activity: 728
Merit: 500
In cryptography we trust
August 24, 2012, 12:25:44 PM
#35
Euro stairway is also gone...
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:23:01 PM
#34
He is a good programmer, because he must consider existing asks of normal traders in all these steps. I'm impressed.
hero member
Activity: 728
Merit: 500
In cryptography we trust
August 24, 2012, 12:22:20 PM
#33
And it is gone...
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:20:22 PM
#32
It's stairway got even longer now.
hero member
Activity: 868
Merit: 1002
August 24, 2012, 12:11:47 PM
#31
No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
This has been my suspicion as well.
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 12:05:10 PM
#30
i don't understand why there is this staircase at all Huh
It does not really matter. Perhaps it is bullshit. Perhaps it is testing other's behaviour. Perhaps it want to buy even more coins. I have the coins I need (at 10 USD), and buy even more on lower price.
hero member
Activity: 763
Merit: 500
August 24, 2012, 11:50:24 AM
#29
i don't understand why there is this staircase at all Huh
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 11:47:51 AM
#28
No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.

It's a pirate, not a serious trader. Wink
Yes, but my main point is: it don't want to sell
He will do it the way that his steps start far behind 10 USD. Only frightened people sell now, too late on low price after the last high, and that makes the pressure on BTC price.
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 11:38:15 AM
#27
No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.

It's a pirate, not a serious trader. Wink
Yes, but my main point is: it don't want to sell
legendary
Activity: 1458
Merit: 1006
August 24, 2012, 11:33:47 AM
#26
No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.

It's a pirate, not a serious trader. Wink
legendary
Activity: 1666
Merit: 1000
August 24, 2012, 11:27:42 AM
#25
No serious trader would show such a stairway if he really wanted to sell, so it is manipulation only. It will vanish as quickly as it appeared (and reoccur at later times). We have to wait on new large investors.
legendary
Activity: 1458
Merit: 1006
August 24, 2012, 11:03:06 AM
#24
IMHO, the Million Dollar Stairway to Heaven is the mysterious 100K transaction from:

1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM

An address that has been shown to be carry an unusually strong pirate stink.

Disclaimer: IANA Bitcoin Forensic Crack

Stop obsessing about the completely stupid encoded message transactions.  Smiley

Let me return your attention to something interesting instead:

Uh oh, 100k BTC set in motion  Grin This is gonna be a long night Wink

https://blockchain.info/address/1E9k79dLuhfspdEtymzP7vhaYVGFcdfsYs

It seems likely to me that the Really scary 100K transaction of not-so-impending doom from August 19 was not sold,
but instead used to build the 100K BTC, Million Dollar Staircase we now see on Gox:



I have nothing to back this up, other than the fact that again, both the timing and the numbers seem to add up very nicely.

When did the Million Dollar Staircase first pop up?  How many BTCs was it originally built with? (Before the $10.20 spike damaged the lower steps.)

Does the Million Dollar Staircase belong to the owner of 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM?



PS: If BTCST investors want their Bitcoins back, why not purchase a step of the stairs?

Take back the Bitcoins that were taken from you. Right now they're just sitting there, uselessly.
donator
Activity: 980
Merit: 1000
August 24, 2012, 07:21:07 AM
#23
if I had the fiat, I'd put up a stairway to hell

That would be unnecessary risk.

Time ticks in favour of the patient. Pirate has an additional 5000BTC debt per day currently. Most of us have no hurries and can wait to see whether he tries a dump-and-pump this weekend or not. The deadline for Vandroiy's bet is not far away.
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