Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20357.

adamstgBit

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Quote from: jokerboy on November 04, 2015, 12:05:15 PM

What is going on? Bitcoin price is going up and down again. Now who is manupilating the market ?

sorry....
almost done trolling the market.
1 min

jokerboy

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What is going on? Bitcoin price is going up and down again. Now who is manupilating the market ?

billyjoeallen

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Quote from: inca on November 04, 2015, 11:56:59 AM

Quote from: ?? on ??

This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX

But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Grin

Visible order book being the important point

Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises.

Hopefully you are right though and this is a prelude to madness and mania.

off topic: by the way you aren't voktar the qw player are you?

and the 23 Million in USD leveraged longs? None of them are going to cover the rest of the way up?

at ~ $500/BTC, that's ~46,000 bull coins on margin. only about 1/5th of them need to cover to completely cancel out the puts.

inca

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Quote from: billyjoeallen on November 04, 2015, 11:57:50 AM

Quote from: Richy_T on November 04, 2015, 10:24:56 AM

Quote from: billyjoeallen on November 04, 2015, 09:32:45 AM

If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

And if you could buy them at $25...

Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit.

And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage.

So in all likelihood, coins will go for close to market price to someone looking to accumulate.

Yeah, but if you could manipulate the price lower the night before the auction, not only would you have no slippage, but you could get a substantial discount. Buying slightly below an artificially low price covering your short and then you effectively get coins for free. Not counting of course the risk that your manipulation fails. But in that event, you know the price is artificially high, so you could take your newly purchased coins and leverage them 20:1 short AFTER the auction and make a mint.

It is mathematically impossible for the graph to go straight up. Parabolic rises end violently. I've been through enough of them to know.

Timing, timing, timing Billy. Unless you are imbued with luck or know the guy who drops the hammer to signal the top, the rest of us have no idea when these things start or finish. Just ask Masterluc..

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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billyjoeallen

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Quote from: Richy_T on November 04, 2015, 10:24:56 AM

Quote from: billyjoeallen on November 04, 2015, 09:32:45 AM

If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

And if you could buy them at $25...

Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit.

And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage.

So in all likelihood, coins will go for close to market price to someone looking to accumulate.

Yeah, but if you could manipulate the price lower the night before the auction, not only would you have no slippage, but you could get a substantial discount. Buying slightly below an artificially low price covering your short and then you effectively get coins for free. Not counting of course the risk that your manipulation fails. But in that event, you know the price is artificially high, so you could take your newly purchased coins and leverage them 20:1 short AFTER the auction and make a mint.

It is mathematically impossible for the graph to go straight up. Parabolic rises end violently. I've been through enough of them to know.

inca

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Quote from: ?? on ??

This feels A LOT like 2012 year's end / 2013 first months pre-bubble, climbing through $8, $10, $12, $26, those times we 'only' had about 200000btc in the ask side of GOX

But this time we have ummmm, let me see: 8500 in Finex, and about 6000 coins left in Stamp, should be extrapolate the order of magnitude of the next bubble? Grin

Visible order book being the important point

Also don't forget the 9k shorts that need to be bought back with increasing urgency the higher the price rises.

Hopefully you are right though and this is a prelude to madness and mania.

off topic: by the way you aren't voktar the qw player are you?

adamstgBit

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