Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34091. (Read 26611082 times)

These are just as likely to be lucif and co. waiting for their tea leaf predictions to come true.

Please have a look at where the bid sum actually resides. Half of it is below $60/Ƀ, $2M are even below $25/Ƀ. I call manipulators all those that move millions but park them at market – 50%.

I would love to see in addition to the above chart a chart with the weighted average bid and the weighted average ask and a chart of that spread which I would call manipulators activity chart.

Maybe a few of those 60,000 new Gox customers that signed up in early April still want coins? Nah... that couldn't happen!

Of course not. Let us believe it is a few investors who sent millions of $ to mtgox because they just want to manipulate the price lol.

So if they ever want to withdraw their millions of $ they can either wait many days to withdraw all of it or buy bitcoins and be done in one day.....lol

"It must be a manipulator!" Lol

Yes guys it is a few millionaires sending their cash to a Japanese based bitcoin exchange and NOT to buy bitcoins.

I love the failed logic of the many noobs here.

Rofl lol omfg hahaha

 

All this bitcoin drama is making it hard to study. If you didn't know, most American colleges have final exams in mid-late April.

As soon as I saw it rising from 70 a couple days ago, I was all in. I didn't walk away with nearly as many bitcoins as I wanted to, but I still made a slight profit.

I don't understand why someone would want to keep the price down. There's clearly someone or a group of people keeping it below $100. They slammed 4-5k coins into the rally yesterday that reached 98.5 pushing it down to 93-94. Then put up 25k worth of asks from 94-100. Those weren't old sells, half of them were from 94-98.5 that was just eaten. We know those were real because 5-6 hours later half the wall disappeared and someone dumped 11k of coins in 15 seconds into the bid wall trying to push it back. They put up ask walls trying to keep it down at 87.

That failed but they're still heavily protecting 95-100. I just don't really see why.

1) It's greatly decreasing volatility.
2) It's stabilizing the price
3) The longer it stays here the more people will actually believe this is a legitimate value for bitcoins (I'm not saying it is or isnt) Which does make it easier to rally it up (above $100) and rally it back up when it goes lower (then $90). Hard to believe someone is investing 2-3-4M to cement the physiological value of BTC.

Very little of that has to do with greed or making money at least short term. If they were greedy or wanted to make money they would have let the rally run to 110-120-130 then slammed the coins into it then and made a lot more money. It was clearly a goal to keep it under $100.

Can it really be some white knight of Bitcoin trying to stabilize the markets? The only big player who has the coins, has the money, who cares about the long term health of Bitcoin and the market, is MtGox.

Clearly someone is manipulating the market. And their goal isn't making money, at least in the short term. I just can't really figure the why or who part out. =)