Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28402. (Read 26608313 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
What does "manipulation" even mean to you? You think you have some God given right to buy low and sell high? It is likely big players are buying and selling back to themselves hoping to ignite a rally or spark a panic that they can take advantage of, but you can just as easily skim off of them by betting against the signal. Or bet with it and ride the trend if you want. That's not manipulation. That's how free marker price discovery works. Shaking out the weak hands.

Nobody is front running your buy or sell order. Nobody is shorting coins that don't exist. Even if you suspected as much, all you would have to do is go to another exchange.  By bitching about manipulation, all you are telling me is that you can't hack this game and should go away. If you think you have an edge in some way, bet on it and I won't call you a manipulator. If you don't think you have an edge, find one or just go away. The free market's a jungle and you sound like you'd be happier in a zoo.


If you are referring to me (since my post using the term "manipulation" is immediately preceding your quasi-incomprehensible rant of a post), I will entertain you with a brief response.

First:  why is it that you seem to have some kind of cork up your ass and you seem to want to argue... Maybe you have a little time on your hands, since the market is NOT moving too much?

Second:  You seem to either to have NOT read my post, or you are getting it all out of context.  Surely, there are a lot of ways to discuss manipulation, and I have used the word in a variety of ways in the past.  In my above post, I used the term manipulation to refer to what seems to have been a real dynamic concerning what was going on with GOX.  In reality, even today, after a couple of months of their being shut down, the evidence in the public is fairly unclear about what was going on at GOX; however, there seems to be considerable consensus around the point that GOX was engaged in some form of manipulation of the quantity of BTC that they had and the quantity of BTC that they were allowing to be traded.  In that regard, if those BTC do NOT exist then GOX should NOT have been allowing them to be traded.  Surely some ambiguity whether they broke any laws or NOT, but there is a certain amount of risk that takes place when owners of BTC entrust their BTC to a third party, outside of the blockchain.  I believe that there are a variety of solutions that are being considered and worked on in order to allow for decentralized exchanges... in order that owners of BTC would NOT have to entrust their BTC to third parties (at least NOT as much as what seems to be taking place under centralized exchange systems).

Third:  your reference to other kinds of manipulation that may be taking place by whales on exchanges were NOT a part of my earlier post, so it seems to be a rant without any immediate foundation.  Although I have brought up that subject in previous posts, i have NOT mentioned it in recent posts.  If you want to go down that avenue, then probably we need a context, rather than you merely creating some kind of lack of context argument that is difficult to pinpoint b/c it seems to be a fiction of your own creation, even though definitely it is a worthy topic.

Fourth:  Your several times retort about wanting to me to go away is a little bit hilarious  - like you are all emotional about some infliction that I supposedly caused.. and the solution is that I should supposedly go away.  This thread should be big enough for all of us, no?  I just cannot agree that I am going to only post items that are within your tolerance and acceptance.. or that my BTC investment perspective is sufficiently aligned with your values, if you have any.. they have been difficult to pinpoint recently.

Fifth:  If there is some personal matter that you want to discuss, then I am open to PM.... Don't want to bore folks here with matters that may end up having some personal concerns about style or courtesy or whatever...

I have a couple more points, but I will save them for later, if needed... Hopefully, my points above are sufficient to respond to your concerns and to help to clarify matters to some extent.
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
^^ exactly.

If you can see clearly the manipulation, what's the problem? nobody has any special advantages in a zero sum game.

Well before the SEC there were lots of things big traders were doing that eventually became illegal, but maybe your point still stands.
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺
someone is playing god and manipulating  bitcoin market right now.=)

agreed.   I think they have been playing it for a long time though.
yeah, but  BTC-e charts i soooo artificial, likely coused  by one or few persons playing in team:)


100% agree. 

Not even sure it's people.  It feels like it's something bigger like a corporation, hedge fund, or some government with unlimited funds.   

maybe there are more than 13 million BTC out there, and we're all getting scammed to hell. 

3 black crows ! huobi



Well, we already know that once BTC is off of the blockchain and the transactions are taking place off of the blockchain, then much manipulation is possible, including increasing the number of BTC that are supposedly in existence within that sphere.  Gox seemed to have been example of precisely that b/c Gox  seemed to have been knowingly and willingly trading with BTC that they knew they did NOT have.  Will be interesting if anyone is convicted for any crimes (such as fraud) concerning that behavior.

  


I hope they throw the book at the desert coffee guy.

as for going off the chain. It's very easy, I bet about 10% of other alt coin forum members know how to do it.  

just the connect=x.x.x.x (ip address) is needed in the config file, and change the seed node in net.cpp  change the p2p port. then recompile, connect with 2 PC's and you can mine getting all the blocks on a different block chain, forked from the original at the point of divergence.  

Not that, that will get you anywhere,  but it just shows how easy some stuff is if you mess with the source code.

There will be someone out there, thats cleverer than Gavin Anderson or any other member of the BTC team.   It worries me!  Bitcoin is still beta!  and we are still experimenting...  

the forum member Dreamwatcher developed a tool that may save the situation in the future.  It's a distribution tool,  meaning that bitcoin if needed can be changed into a whole new crypto,  and the existing balances can be maintained from the original chain.  

He used it effectively on UFC coin when it moved from scrypt hash to Blake256.

Open a new wallet on the new coin, with your old wallet.dat file and your coins magically appear.  These guys are so cleaver it's scary.  
legendary
Activity: 2772
Merit: 1028
Duelbits.com
It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch!  for real ?   do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.
legendary
Activity: 924
Merit: 1001
^^ exactly.

If you can see clearly the manipulation, what's the problem? nobody has any special advantages in a zero sum game.
hero member
Activity: 910
Merit: 1003
Is you claim that there are big bitcoin investors that don't yet know about emptygox and china issues,
People who are currently invested in bitcoin, big or small, have already reacted to MtGOX.  They may not have reacted to China yet, because it is not yet clear what effect the China develpments will have on the price.

On the other hand, for prospective investors, MtGOX, and the dozens of bitcoin-based businesses that ended in scams, thefts and failure, must still be very significant.  People who read or saw on TV that MtGOX swallowed half a billion dollars from customers -- including bitcoin experts -- will not easily forget that when the bitcoin salesman rings the door.  Especially when those people learn that such scams keep occurring, the lost bitcoins are never recovered, and no one gets punished.

or that the situations are worse than anyone knows?
The China situation is still uncertain.  No one has confirmed, but no one has denied, that the bank accounts will be closed by April 15.

The BTC price in china is rising now, meaning that the market's expectations may have become more optimistic.  However, since there have been no news that would justify a change of perspective, it may be just a false feeling. ("The plane has been falling for five minutes already, and we haven't crashed yet; I am starting to believe that the ground is just a rumor.")
legendary
Activity: 1106
Merit: 1007
Hide your women
What does "manipulation" even mean to you? You think you have some God given right to buy low and sell high? It is likely big players are buying and selling back to themselves hoping to ignite a rally or spark a panic that they can take advantage of, but you can just as easily skim off of them by betting against the signal. Or bet with it and ride the trend if you want. That's not manipulation. That's how free marker price discovery works. Shaking out the weak hands.

Nobody is front running your buy or sell order. Nobody is shorting coins that don't exist. Even if you suspected as much, all you would have to do is go to another exchange.  By bitching about manipulation, all you are telling me is that you can't hack this game and should go away. If you think you have an edge in some way, bet on it and I won't call you a manipulator. If you don't think you have an edge, find one or just go away. The free market's a jungle and you sound like you'd be happier in a zoo.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
someone is playing god and manipulating  bitcoin market right now.=)

agreed.   I think they have been playing it for a long time though.
yeah, but  BTC-e charts i soooo artificial, likely coused  by one or few persons playing in team:)


100% agree. 

Not even sure it's people.  It feels like it's something bigger like a corporation, hedge fund, or some government with unlimited funds.   

maybe there are more than 13 million BTC out there, and we're all getting scammed to hell. 

3 black crows ! huobi



Well, we already know that once BTC is off of the blockchain and the transactions are taking place off of the blockchain, then much manipulation is possible, including increasing the number of BTC that are supposedly in existence within that sphere.  Gox seemed to have been example of precisely that b/c Gox  seemed to have been knowingly and willingly trading with BTC that they knew they did NOT have.  Will be interesting if anyone is convicted for any crimes (such as fraud) concerning that behavior.





hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺
It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch!  for real ?   do you remember the time and date it was last seen?
legendary
Activity: 2772
Merit: 1028
Duelbits.com
It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺
what chart are you using chromosoma?

im guessing it's 1 min btc-e Wink
legendary
Activity: 924
Merit: 1001
what chart are you using chromosoma?
sr. member
Activity: 434
Merit: 250
This is more interesting Shocked How will it end?=)
legendary
Activity: 924
Merit: 1001


this is interesting. a bit bearish. Id be glad if we could break through.
legendary
Activity: 924
Merit: 1001
Paranoia! why so paranoid? there is a much easier explanation for why the market is not behaving exactly how you might like it to!
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺
someone is playing god and manipulating  bitcoin market right now.=)

agreed.   I think they have been playing it for a long time though.
yeah, but  BTC-e charts i soooo artificial, likely coused  by one or few persons playing in team:)


100% agree. 

Not even sure it's people.  It feels like it's something bigger like a corporation, hedge fund, or some government with unlimited funds.   

maybe there are more than 13 million BTC out there, and we're all getting scammed to hell. 

3 black crows ! huobi
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 434
Merit: 250
someone is playing god and manipulating  bitcoin market right now.=)

agreed.   I think they have been playing it for a long time though.
yeah, but  BTC-e charts i soooo artificial, likely coused  by one or few persons playing in team:)
hero member
Activity: 966
Merit: 526
🐺Dogs for President🐺
someone is playing god and manipulating  bitcoin market right now.=)

agreed.   I think they have been playing it for a long time though.
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