Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26363.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: N12 on August 15, 2014, 11:42:51 AM

There's a simple question: If over the course of a couple weeks, supply (BTC) increases and demand (USD) decreases, would you have us not adjust prices because that would be "manipulation"?

Also, if manipulation is so easy, why aren't the Winklevosses or other large holders who are no longer accumulating doing their own manipulation upwards?

It's really getting pathetic, guys.

Your post,
Like pissing into the wind of stupidity.
Too bad,
It is you who will get wet.

(sorry for the wrong syllable count and lack of seasonal reference Tongue

)

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: bassclef on August 15, 2014, 11:27:10 AM

eBay payment unit in talks to accept bitcoin.

http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917

More good news about Winklevii ETF

http://www.bloomberg.com/news/2014-08-15/spiderwoman-brings-hope-to-winklevoss-twins-bitcoin-etf.html

Yet the price falls.

Your game is up, Mr Margin Call!

Good news you say? from the winkleloss twins article.......

“She brings instant credibility to a less-than-credible investment product,” Todd Rosenbluth, director of mutual fund and ETF research at S&P Capital IQ.

N12

donator

Activity: 1610

Merit: 1010

Quote from: Wandererfromthenorth on August 15, 2014, 11:48:43 AM

Quote from: N12 on August 15, 2014, 11:42:51 AM

There's a simple question: If over the course of a couple weeks, supply (BTC) increases and demand (USD) decreases, would you have us not adjust prices because that would be "manipulation"?

Also, if manipulation is so easy, why aren't the Winklevosses or other large holders who are no longer accumulating doing their own manipulation upwards?

It's really getting pathetic, guys.

"Manipulating upwards" like you say would not be really profitable for them right now tbh. What is the point of eating asks and asks when you can almost double your whole stack of BTCs rebuying lower?

And how would they "double their whole stack" if the Winklevosses are holding 6 digits of Bitcoin? Yes, they have 100k BTC. What's on the exchanges is absolute peanuts to them. They have no more interest in accumulating more since they bought it all at double digit prices.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: N12 on August 15, 2014, 11:42:51 AM

There's a simple question: If over the course of a couple weeks, supply (BTC) increases and demand (USD) decreases, would you have us not adjust prices because that would be "manipulation"?

Also, if manipulation is so easy, why aren't the Winklevosses or other large holders who are no longer accumulating doing their own manipulation upwards?

It's really getting pathetic, guys.

"Manipulating upwards" like you say would not be really profitable for them right now tbh. What is the point of eating asks and asks when you can almost double your whole stack of BTCs rebuying lower?

I agree with you though, what we are seeing is mostly lack of new fiat. I don't buy this whole "it' all manipulation guys!" mentality either.
But I also think that to sparkle the new rally is not about the average joe setting an account at Bitstamp and buying some, it's about the whales, and traders who still have a lot of fiat accumulated from the bear market.
If there is a rally and we start to go to new highs, the media will talk about bitcoin, the whole mania phase will begin AND THEN you will see new average joe money (in mass quantities)

johnwest

hero member

Activity: 1106

Merit: 503

BabelFish - FISH Token Sale at Sovryn

Quote from: hdbuck on August 15, 2014, 11:46:09 AM

Quote from: N12 on August 15, 2014, 11:38:07 AM

Quote from: oda.krell on August 15, 2014, 11:34:37 AM

Or am I being naive for considering this the most likely reason for what we're seeing now?

Just in case it's not a rhetorical question: No, man, this is happening on multiple exchanges, so whatever we are seeing is real. Of course, there are some who can't accept reality when it doesn't suit them and will try explaining it away with conspiracy "manipulation".

reality is manipulated.

It is, but only some people can manipulate the market, not easy to manipulate market.
May be they have big news, we don't know much about it, so they are dropping down
the price to buy cheap coins, people normally sell on panic when they see price dropping fast.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: N12 on August 15, 2014, 11:38:07 AM

Quote from: oda.krell on August 15, 2014, 11:34:37 AM

Or am I being naive for considering this the most likely reason for what we're seeing now?

Just in case it's not a rhetorical question: No, man, this is happening on multiple exchanges, so whatever we are seeing is real. Of course, there are some who can't accept reality when it doesn't suit them and will try explaining it away with conspiracy "manipulation".

reality is manipulated.

TheJuice

hero member

Activity: 845

Merit: 609

Quote from: adamstgBit on August 15, 2014, 11:43:37 AM

if you have a little faith, and some fiat, now might be a good time...

Waiting for my bitfinex money to open up. Damn 10 day loans!! Some ends tomorrow, hopefully we are still this low and i can gobble upsome cheap coins

njcarlos

sr. member

Activity: 280

Merit: 250

Quote from: N12 on August 15, 2014, 11:42:51 AM

There's a simple question: If over the course of a couple weeks, supply (BTC) increases and demand (USD) decreases, would you have us not adjust prices because that would be "manipulation"?

Also, if manipulation is so easy, why aren't the Winklevosses or other large holders who are no longer accumulating doing their own manipulation upwards?

It's really getting pathetic, guys.

Glad I'm not alone on this.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

if you have a little faith, and some fiat, now might be a good time...

BitChick

legendary

Activity: 1148

Merit: 1001

Quote from: adamstgBit on August 15, 2014, 11:37:49 AM

Quote from: oda.krell on August 15, 2014, 11:34:37 AM

Quote from: justusranvier on August 15, 2014, 11:28:58 AM

Quote from: inca on August 15, 2014, 11:22:53 AM

Even deliberate selling to move prices down requires coins.

You are putting way too much faith in the integrity of the exchanges and third part wallet services.

There is nothing that stops Bitstamp (deliberately or via subversion) from giving sellers infinite paper btc to trade with. They can get away with it as long as most people don't try to withdraw their coins. If they suddenly started making it hard for people to get their bitcoins back, that would be a possible indicator of this.

There is also nothing that stops Coinbase from loaning out customer btc deposits to short sellers. We'd never know if they had done so.

I really don't understand this...

I know you as a reasonable, knowledgeable poster. And, yes, what you describe is a possibility, but so is the claim that the entire 2013 rally was driven by Willy (which I don't believe either, for the record).

So why is it so hard to entertain the possibility that we're seeing the breach of the damn as a result of built-up selling pressure? We had a good rally to $680, from there on things started looking difficult, selling pressure was extremely subdued (for a number of reasons, but imo, mainly because the "hodl" mantra actually took hold - no pun intended), but without further fiat inflow and subsequent positive price action, it is only a matter of time before the sell-offs kick in.

Or am I being naive for considering this the most likely reason for what we're seeing now?

i can't believe people read all the good news and sell.

people look at the price and sell...

this move is purely manipulative.

I agree. Hold people. The price will most likely be $700+ by months end.

N12

donator

Activity: 1610

Merit: 1010

There's a simple question: If over the course of a couple weeks, supply (BTC) increases and demand (USD) decreases, would you have us not adjust prices because that would be "manipulation"?

Also, if manipulation is so easy, why aren't the Winklevosses or other large holders who are no longer accumulating doing their own manipulation upwards?

It's really getting pathetic, guys.

bigtimespaghetti

legendary

Activity: 1652

Merit: 1057

bigtimespaghetti.com

Oh my, broke 500. 470,440 for major support now.

Schickeria

member

Activity: 84

Merit: 10

Quote from: adamstgBit on August 15, 2014, 11:37:49 AM

Quote from: oda.krell on August 15, 2014, 11:34:37 AM

Quote from: justusranvier on August 15, 2014, 11:28:58 AM

Quote from: inca on August 15, 2014, 11:22:53 AM

Even deliberate selling to move prices down requires coins.

You are putting way too much faith in the integrity of the exchanges and third part wallet services.

There is nothing that stops Bitstamp (deliberately or via subversion) from giving sellers infinite paper btc to trade with. They can get away with it as long as most people don't try to withdraw their coins. If they suddenly started making it hard for people to get their bitcoins back, that would be a possible indicator of this.

There is also nothing that stops Coinbase from loaning out customer btc deposits to short sellers. We'd never know if they had done so.

I really don't understand this...

I know you as a reasonable, knowledgeable poster. And, yes, what you describe is a possibility, but so is the claim that the entire 2013 rally was driven by Willy (which I don't believe either, for the record).

So why is it so hard to entertain the possibility that we're seeing the breach of the damn as a result of built-up selling pressure? We had a good rally to $680, from there on things started looking difficult, selling pressure was extremely subdued (for a number of reasons, but imo, mainly because the "hodl" mantra actually took hold - no pun intended), but without further fiat inflow and subsequent positive price action, it is only a matter of time before the sell-offs kick in.

Or am I being naive for considering this the most likely reason for what we're seeing now?

i can't believe people read all the good news and sell.

people look at the price and sell...

this move is purely manipulative.

I think the initial kick, were caused by inpatient people which saw a new bubble forming, what has not happened, so they sold. Now the initial downward kick has become a negative dynamic building up a strong downtrend.

fallinglantern

sr. member

Activity: 260

Merit: 251

Quote from: abercrombie on August 15, 2014, 11:40:19 AM

is crypto done?

is that capitulation I hear? Naw, nobody's mentioned suicide hotlines on this thread lately.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: hyphymikey on August 15, 2014, 11:31:55 AM

Quote from: Wandererfromthenorth on August 15, 2014, 11:27:26 AM

Quote from: hyphymikey on August 15, 2014, 11:26:15 AM

Quote from: Wandererfromthenorth on August 15, 2014, 11:11:52 AM

Bitfinex margin calls FLASH CRASH to $1 in 3... 2... 1...

They have already implemented features to prevent this... sorry

Well the flash crash that we just saw yesterday to $450 was just basically that.

Yes that was the implementation working. I have many open longs, 2 of which should have closed around 460 and they did not. Therefore a flash crash of closing longs will not happen. The crash to 451 was sells not cascading margins.

http://www.matlabtrading.net/main/2014/08/14/bitfinex-margin-call-cascade-algorithm-explained/

There was suddenly a huge difference between Bitfinex and Bitstamp and all the other exchanges, I don't know what happened with your longs but that was definitely a cascade of stop losses being triggered.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: abercrombie on August 15, 2014, 11:40:19 AM

is crypto done?

no only bitcoin

abercrombie

legendary

Activity: 1159

Merit: 1001

is crypto done?

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: h3speros on August 15, 2014, 11:33:58 AM

People who are thinking of selling, I would like remind that in daily we are very oversold so there's big risk that you end up sell too cheap. This forum is very bearish in times like these and it can make you do irrational decisions that you end up regretting later. If you have fiat, good, this is great buying opportunity and might get even lower but if you don't have fiat, then i suggest that you hold, at least to the next bounce and even then don't sell all of your coins!

Just because we switch to "oversold" territory on some arbitrary time frame of the RSI indicator doesn't magically mean that it's going to swing the other way now. You're right though that there is a lot of irrational, "magical" thinking on this forum, especially at times like this. But it's from the bullish posters, not the other way around.

barbs

hero member

Activity: 854

Merit: 1000

buy bitcoin and ~~you'll~~ Risto'll be rich!!

N12

donator

Activity: 1610

Merit: 1010

Quote from: oda.krell on August 15, 2014, 11:34:37 AM

Or am I being naive for considering this the most likely reason for what we're seeing now?

Just in case it's not a rhetorical question: No, man, this is happening on multiple exchanges, so whatever we are seeing is real. Of course, there are some who can't accept reality when it doesn't suit them and will try explaining it away with conspiracy "manipulation".

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26363. (Read 26708735 times)