Am I losing my grip on reality or did I just see a goat with an axe kill everyone at a backyard BBQ?
The answer to that lies in your weird ass polar bear monster avatar thingie.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28650. (Read 26714038 times)
March 30, 2014, 03:25:25 PM
Am I losing my grip on reality or did I just see a goat with an axe kill everyone at a backyard BBQ?
The answer to that lies in your weird ass polar bear monster avatar thingie.
March 30, 2014, 03:23:49 PM
I still do NOT understand what incentive PBOC has to clarify the rumor.. Maybe in a week by 4/7 they may feel they need to clarify the rumor is NOT true.. .or if it is true.. which portion and to what extent..
If the rumor is false, I don't see why they would not deny it on Monday (last time they denied it on the same day, IIRC).If it is true, the "confirmation" would consiste in them sending the order to the banks and the banks blocking deposits on the exchaneg accounts. That may take a bit longer, but since the deadline is April 15, and the report has been leaked, they may want the deposits to be blocked starting tomorrow already.
If the report is true, perhaps it was leaked beforehand so that some big arbitrage traders or investors could have time on Friday to move enough CNY into the exchanges to buy all the coins that will be dumped by common clients.
March 30, 2014, 03:23:03 PM
TA says we're going to be at 6k pages on this thread in about 3 weeks.
Does that account for all the post that have been removed and the seemingly recent phenomenon of removing posts?
Wow that is bearish news, China making it illegal for anyone that works for PBOC to post on here confirmed by sources on teh interent!
March 30, 2014, 03:20:09 PM
epic price manipulation on stamp and finex 
free market ftw
free market ftw
March 30, 2014, 03:14:44 PM
March 30, 2014, 03:12:57 PM
Perpetual bull traps until Stamp halts fiat withdrawals.
You have a point. That might prevent this bubble from fully deflating, just like MtGox did in May - July 2013.
March 30, 2014, 03:12:52 PM
I'll preface this question with saying I'm new around here so please forgive my ignorance. Why does the price not rise and rise fast when there are a lot more people bidding then asking? Isn't that the same as buying and selling? We have a lot of people trying to buy and few people trying to sell yet we seem to be going nowhere but down slowly?
shortcovering? =\
I've got a lot to learn. I have no idea what that is.
I don't know a whole hell of a lot about how price manipulation takes place exactly, but some of those order walls that you see on Bitstamp are fake, and they are used to attempt to push the market in one direction or another by creating appearances.... ... But the phenomenon that I am describing does NOT really directly answer your question.
The other thing that seems to occur is that bots will continue to add sales on an ongoing basis to keep the price from rising. These bots can only accomplish this in a meaningful way, if the actual trade volume does NOT become too high b/c once the trade volume becomes too high, it may become too unprofitable to operate bots in such a way.
To me, there seems to be quite a bit of manipulation going on, and in this regard there is likely some of the trade activity that is taking place at a short-term loss but may be calculated to be long-term profitable.
March 30, 2014, 03:09:07 PM
Beginning to think the whole run up to 1k was due to gox shenanigans.
Yea, including Karpeles manipulating API data.
March 30, 2014, 03:08:23 PM
Beginning to think the whole run up to 1k was due to gox shenanigans.
Excellent. Can you get other people to believe this aswell?? That would be great, thanks
March 30, 2014, 03:08:13 PM
Beginning to think the whole run up to 1k was due to gox shenanigans.
pennystock crews lol ! otcbb and pinky players! lololollll =) $BTC to da moooooonnnn
March 30, 2014, 03:07:21 PM
Do those ppl who sell @these prices getting out of the game or just waiting to rebuy below 400 i wonder?
Two sides of the same coin.
March 30, 2014, 03:06:10 PM
Beginning to think the whole run up to 1k was due to gox shenanigans.
March 30, 2014, 03:05:20 PM
Am I losing my grip on reality or did I just see a goat with an axe kill everyone at a backyard BBQ?
March 30, 2014, 03:02:02 PM
I'll preface this question with saying I'm new around here so please forgive my ignorance. Why does the price not rise and rise fast when there are a lot more people bidding then asking? Isn't that the same as buying and selling? We have a lot of people trying to buy and few people trying to sell yet we seem to be going nowhere but down slowly?
shortcovering? =\
I've got a lot to learn. I have no idea what that is.
March 30, 2014, 03:01:53 PM
Perpetual bull traps until Stamp halts fiat withdrawals.
March 30, 2014, 03:01:32 PM
Yeah I bought into the wall at 460.
And the market is probably just about to teach me another expensive lesson about bull traps.
And the market is probably just about to teach me another expensive lesson about bull traps.
I'm in a similar boat.. I bought at $452... However, I have been buying as we go down.. and continuing to think that we are done going down...
My buying down affliction began about 3 weeks ago at $610, so it has been fairly costly... even though it is my strategy to buy while going down and sell while going up (I haven't really gotten to the sell part of my formula, yet).
This worked for me. I started at $16 and ended at $2, but with vastly more BTC than I anticipated ever hodling. I sat in the red for perhaps a year IIRC. That was fine because from the get-go I anticipated the strong possibility of a total loss. So, no inclination to do anything but hodl and see if I eventually received a pay-out.
I'm only really comfortable buying anything when the price is falling, and conversely, selling anything when the price is going up. Doing so will pretty much guarantee that one buys at the bottom and sells at the top. Unless one runs out of ammo or the system collapses or the valuations cease their undulations.
Back when I was a buyer, or near the end of that time at least, I felt that by buying I was making an important contribution to mop up excess BTC liquidity. This incentive no longer applies since Bitcoin is vastly more widely recognized at this point in time.
I agree with you, and sounds like we follow a similar practice (at least attempt to do so). I really began buying at $1,200 and I have been buying ever since..... and then recently, I began intensively again after the price dropped to $610 and then lower and lower and lower... I'm thinking that it has got to reverse sometime soon.. I still have some fiat in reserves, but i have been having to get some more fiat out of reserves based on what I consider to be a continued and unexpected downward trend over the last weeks.
March 30, 2014, 03:00:45 PM
March 30, 2014, 02:59:28 PM
March 30, 2014, 02:58:13 PM
I'll preface this question with saying I'm new around here so please forgive my ignorance. Why does the price not rise and rise fast when there are a lot more people bidding then asking? Isn't that the same as buying and selling? We have a lot of people trying to buy and few people trying to sell yet we seem to be going nowhere but down slowly?
shortcovering? =\
March 30, 2014, 02:56:46 PM
If someone who owns BTC100 or more wants to insure it by buying a put option with strike@400, you know whom to contact!
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