It'll go down as long as bitcoinica has an asterix on the buy. Somebody wants all your leverage.
Yes, this is what Im thinking too, having the hand tighten around bitcoinica is key...
We the need the rocky theme playing right now... thats quite a narrow wall.. interesting..
Yeah, if I had the kind of buying power this person had it's exactly what I'd be doing.
Bitcoinica => Make huge bet on where the market is going
MtGox => MAKE THE MARKET GO WHERE YOU WANT
MtGox => Hold wall as close as possible because of bitcoinica's stupid algorithms
Bitcoinica => Cash out and laugh your ass off
MtGox => release hold while still laughing your ass off.
If I had the money I would be doing this instead of posting about it. Anyone who uses bitcoinica is playing a game they cannot win.
...but I just won it using actual information. Not blaming manipulators, counting formulas or following newsletters. I just read Twitter and forum posts. I listened to the actual people buying and selling the stuff.
https://bitcointalksearch.org/topic/expect-decline-silkroad-suffering-turmoil-paxum-lowers-short-term-confidence-63609
