I just bought $18k of the sell wall at 5.21, and it disappeared within a minute. Impeccable timing. Thanks whoever sold them to me.
i can haz bitcoinz?
Topic: What is the manipulator trying to do? (Read 1798 times)
i can haz bitcoinz?
my take:
Short sell with massive leverage on bitcoinica @ 5.80 or whatever. Asterix means loads of people are betting on it going up.
Dump 50k coins on market at a price you think will force liquidate lots of people in a buy position.
Put in buying wall 1c down just to pickup some cheap coins from all the panic sales too.
Keep them there long enough for bitcoinica to liquidate your short and reverse your position, picking up everyone who was liquidated's margin balance.
let go of the sell wall, leave the buy wall there to continue getting cheap buys while confidence slowly returns.
Move buy wall up and up to force the value of your leverage higher, start selling long position...move to short position...rinse repeat
Down side is it still knocks the "wind" out of the bull, so by squeezing so hard on the market, the person with this power can be changing market sentiment. I suppose the same could be done in reverse though.
Short sell with massive leverage on bitcoinica @ 5.80 or whatever. Asterix means loads of people are betting on it going up.
Dump 50k coins on market at a price you think will force liquidate lots of people in a buy position.
Put in buying wall 1c down just to pickup some cheap coins from all the panic sales too.
Keep them there long enough for bitcoinica to liquidate your short and reverse your position, picking up everyone who was liquidated's margin balance.
let go of the sell wall, leave the buy wall there to continue getting cheap buys while confidence slowly returns.
Move buy wall up and up to force the value of your leverage higher, start selling long position...move to short position...rinse repeat
Down side is it still knocks the "wind" out of the bull, so by squeezing so hard on the market, the person with this power can be changing market sentiment. I suppose the same could be done in reverse though.
Quote
* is gone bulls will make a rally
I'm going to wake up tomorrow, and all of this trading nonsense will disappear.
These are my hopes. Tomorrow, I buy at 4.00, or sell at sideways-eight.
These are my hopes. Tomorrow, I buy at 4.00, or sell at sideways-eight.
Some nice trades in there, seems like somebody is about to make some good trades. 
Feb 13, 2012, 04:43:13 5.21000 8938.39
Feb 13, 2012, 04:37:32 5.21000 5000.00
edit: casascius, well done.
Feb 13, 2012, 04:43:13 5.21000 8938.39
Feb 13, 2012, 04:37:32 5.21000 5000.00
edit: casascius, well done.
I just bought $18k of the sell wall at 5.21, and it disappeared within a minute. Impeccable timing. Thanks whoever sold them to me.
wall fell. new fall at 5.42
Different theory. The manipulator got tired and went to bed, to make sure nobody could take the toy away from him (ie. controlling the price), he decided decided to set it on autogear while he went to sleep, so he could be sure he could decide when he wakes up if he wants to move it up or down.
This is going to be a long night.
Just as long as any other.
I think whatever the manipulator is trying to do will be done in a relatively short period of time (if there truly is a manipulator). I've heard some speculation that this may have been an artificial wall created because of an error with Bitcoinica. Any truth to that??
This is going to be a long night.
MTgox charges commission for both sides right?
Yes
MTgox charges commission for both sides right? some betting exchanges I've dealt with only charge commission to the person who buys/sells into the standing order, which would cause this if neither party wanted to pay the commission
Oh yea, good point. I forgot that there could be TWO manipulators.
get a clue before posting.Hint : There could be more than 2.
the other wall is either fake or its not the manipulators wall, and he is probably afraid to sell into it
It's either:
1) One person trying to buy at 5.20 and the 5.21 wall is to force the volume towards the other wall.
2) Two people battling it out. One wants the price to go up, one down.
If the previous, it's time to buy. If #2 It's a waiting game now.
1) One person trying to buy at 5.20 and the 5.21 wall is to force the volume towards the other wall.
2) Two people battling it out. One wants the price to go up, one down.
If the previous, it's time to buy. If #2 It's a waiting game now.
Oh yea, good point. I forgot that there could be TWO manipulators.
It's either:
1) One person trying to buy at 5.20 and the 5.21 wall is to force the volume towards the other wall.
2) Two people battling it out. One wants the price to go up, one down.
If the previous, it's time to buy. If #2 It's a waiting game now.
1) One person trying to buy at 5.20 and the 5.21 wall is to force the volume towards the other wall.
2) Two people battling it out. One wants the price to go up, one down.
If the previous, it's time to buy. If #2 It's a waiting game now.
the other wall is either fake or its not the manipulators wall, and he is probably afraid to sell into it
At the time of this post, there are two large (over 100,000 USD) walls right next to each other at 5.20 and 5.21.
What is the manipulator trying to do?
It doesn't seem like he could make money on MtGox or Bitcoinica because the spread/commision are too high for how far apart the walls are.
Any ideas?
What is the manipulator trying to do?
It doesn't seem like he could make money on MtGox or Bitcoinica because the spread/commision are too high for how far apart the walls are.
Any ideas?
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