To make money perhaps? Pump the price up and then dump for profit. What else could be the purpose?
To get his wall totally eaten? 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32681. (Read 26469883 times)
July 09, 2013, 04:23:18 PM
July 09, 2013, 04:22:47 PM
2700 BTC sold! Bam!
July 09, 2013, 04:19:35 PM
how about this:
1) every1 join in at the $77 buy wall
2) people panic and buy in to 80
3) pull the order before the dump happens
4) i don't have to sit here and watch the inevitable
edit- lol nvm some1 dumped at 77
1) every1 join in at the $77 buy wall
2) people panic and buy in to 80
3) pull the order before the dump happens
4) i don't have to sit here and watch the inevitable
edit- lol nvm some1 dumped at 77
July 09, 2013, 04:18:01 PM
I think some of you are missing the point.
Banks and hedge funds would probably not touch BTC with a 10ft poll right now
However they are all staffed by professional traders who are compulsive gamblers and skilled in the art of price and sentiment manipulation. Yes, they are hot on risk management too, but they can take the pain of a loss much better than most people here. They also have deep pockets and many of them are also geeks and know all about BTC and have done for years.
To them, this 'free market', is a wet dream. They can open dual accounts, trade with themselves to paint the tape, manipulate to their hearts content on their own accounts in their free time without any repercussions.
It is incredibly naive to believe this is not happening ... possibly right as we speak
Never underestimate your opponents ...
Banks and hedge funds would probably not touch BTC with a 10ft poll right now
However they are all staffed by professional traders who are compulsive gamblers and skilled in the art of price and sentiment manipulation. Yes, they are hot on risk management too, but they can take the pain of a loss much better than most people here. They also have deep pockets and many of them are also geeks and know all about BTC and have done for years.
To them, this 'free market', is a wet dream. They can open dual accounts, trade with themselves to paint the tape, manipulate to their hearts content on their own accounts in their free time without any repercussions.
It is incredibly naive to believe this is not happening ... possibly right as we speak
Never underestimate your opponents ...
July 09, 2013, 04:16:18 PM
5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds.at 77.5
i didn't recognize that one on bitcoinity, but it's on my second monitor so perhaps i missed it.
July 09, 2013, 04:16:11 PM
This whole manipulation thing would be much less aggravating if I knew what is the purpose. 
Idk, I think its some sort of complicated spreadtrading strategy? Not sure. I don't think they are trying to make it move up or down a long ways, I think they are just trying to make it bounce between the top wall and bottom wall while selling on the top and buying at the bottom. Theres 117 BTC in the way of them completing their strategy, though, not sure if that 117 BTC belong to them (its very nicely sloped so I think its serving to eat up the small bids to add to the sell wall) or if that 117 BTC are just random people trying to outbid them.
Only thing a competent day-trader needs is volatility. Where price goes is irrelevant. Trader will still make big $$$.
July 09, 2013, 04:15:38 PM
This whole manipulation thing would be much less aggravating if I knew what is the purpose.
To make money perhaps? Pump the price up and then dump for profit. What else could be the purpose?
July 09, 2013, 04:14:23 PM
5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds.at 77.5
i didn't recognize that one on bitcoinity, but it's on my second monitor so perhaps i missed it.
July 09, 2013, 04:12:51 PM
This whole manipulation thing would be much less aggravating if I knew what is the purpose.
Idk, I think its some sort of complicated spreadtrading strategy? Not sure. I don't think they are trying to make it move up or down a long ways, I think they are just trying to make it bounce between the top wall and bottom wall while selling on the top and buying at the bottom. Theres 117 BTC in the way of them completing their strategy, though, not sure if that 117 BTC belong to them (its very nicely sloped so I think its serving to eat up the small bids to add to the sell wall) or if that 117 BTC are just random people trying to outbid them.
July 09, 2013, 04:11:07 PM
This whole manipulation thing would be much less aggravating if I knew what is the purpose.
July 09, 2013, 04:09:54 PM
Three guys, each with $1M, and fast computers, playing around together. Thats chump change for wall st, but would completely screw over Goxxian prices to the point where nobody is even sure what the heck is even going on.
No high speed trading until gox is on top. Gox would lag for hours.The funny part is, that would actually probably help. At least they couldn't go like they do on the NYSE/Forex markets and jump over my bots pricecheck intervals.
July 09, 2013, 04:05:45 PM
Three guys, each with $1M, and fast computers, playing around together. Thats chump change for wall st, but would completely screw over Goxxian prices to the point where nobody is even sure what the heck is even going on.
No high speed trading until gox is on top. Gox would lag for hours. 
July 09, 2013, 04:04:33 PM
Not only would a professional trader find inexperienced traders, even better for him he will find people buying on sentiment, emotions. Professional only sees on thing Money. Dont matter how big your stack of Bitcoins is a professional will have turned over more coins in a very short time, cashing in the profits along the way.
Did buy some bitcoins in 2011 from a london banker and i certainly had to wait a long time before a bitcoin was worth the price i paid for.
Did buy some bitcoins in 2011 from a london banker and i certainly had to wait a long time before a bitcoin was worth the price i paid for.
July 09, 2013, 04:02:52 PM
5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds. at 77.5
July 09, 2013, 04:02:18 PM
July 09, 2013, 03:59:05 PM
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
July 09, 2013, 03:58:59 PM
no idea if i should be in or out with this grand canyon situation here.
The whole thing seems fishy and when that happens my instinct says i'm about to be ripped off
The whole thing seems fishy and when that happens my instinct says i'm about to be ripped off
July 09, 2013, 03:56:34 PM
5k buy wall for few seconds a minute ago.
at 77.5
at 77.5
July 09, 2013, 03:55:12 PM
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
because they have no interest in a shitty small market like this? if this can even be considered a market, it's just a matchmakers service really.
if there's money to be made, they'll be here. perhaps not large institutions but individual traders that have wall st experience, why wouldn't they?
professional wall street traders wouldn't touch this with a 10 foot barge pole.
there are much, much better opportunities out there for a professional trader.
Bitcoin is trading haven for a professional trader, nowhere else would he find so many inexperienced traders
The bitcoin market is prone to heavy manipulation (and operates basically without any rules, it's a true free market) and seems to be a lot less predictable than regular stock markets. Just another reason regular traders wouldn't touch this. I can sum up a dozen more. Regular traders are really heavy on risk management. Guess what, bitcoin is just about the riskiest asset you can invest in.
July 09, 2013, 03:52:04 PM
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now?
There is already a Bitcoin ETF, you can short or long but needs EUR100K for an account and minimum trade is EUR10K
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