What's the opposite of a pump and dump? - page 2.

pheaonix

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Quote from: Mouser on April 12, 2013, 02:56:06 PM

Forgive my lack of knowledge.

What is a "Cleaveland Steamer" - and how does it relate to a 216 to 55 twelve hour move in BTC worth?

http://www.urbandictionary.com/define.php?term=cleveland%20steamer

Mouser

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Forgive my lack of knowledge.

What is a "Cleaveland Steamer" - and how does it relate to a 216 to 55 twelve hour move in BTC worth?

isnoop

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Quote from: Mogumodz on April 12, 2013, 12:28:25 PM

Cleveland steamer ?

This has my vote.

Mouser

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Crash and grab sounds about right.

I wonder if the relatively small number of 11 bn unit BTC market is deliberately being 'crash and grabbed' by the fiat mainstream whales. The entire BTC market is chump change to the uber rich. What they don't want is BTC going to $200+ again and the whole unit dividing to centiBTC which would then be worth $2+ per cBTC.

The monopolists do not want any currency they can not mannipulate. The FED and all other central banks around the world are 100% ponzi schemes where public currency is created out of thin air and lent to the public at interest. Over time the international bankers will own every single asset on earth - it is a mathematical certainty.

BTC or cBTC would release the people of the world from the central bank fractional usury fiat which the uber wealthy control.

A crash and grab plan to destroy BTC completely could be enacted by a dozen actors. TPTB do not want BTC to succeed. They will buy every coin if necessary to close it down. Two billion is nothing to the Rothschilds of the world. Bubblegum change.

Theraty

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Suck and stuck?

rawdr

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Quote from: deepceleron on April 12, 2013, 12:26:57 PM

DDOS and buy?

More or less this. A pump and dump is

Code:

convince others something is worth more than it sells for | secretly sell them yours instead of buying along with them

The logical opposite would be

Code:

convince others something is worth less than it sells for | secretly buy theirs from them when they decide to sell

You recognize the former when you think someone is full of shit about how great something is; the latter when its about how worthless something is.

A DDoS can fit into this theme because maybe the chaos makes people think bitcoin is unstable, shady, forever destined to be targeted by more of this. It's profitable as long as the market corrects itself afterwards.

Torrerre

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Quote

If you look closely to the price to volume relationship and the market depth charts that relate to them, It looks more like someone intentionally manipulated the market into a panic and is now making a grab for all the coins they can get from the sale they made to cause the panic in the first place. Probably not a single someone obviously, but more likely a group of speculators who knew how to panic the people currently in bitcoin without their experience. Once they have the bitcoins they are after I bet they will start manipulating the market using the depth charts again to milk it back up.

Agreed, they will use their influence of coin in the same way Soros and Buffett uses their billions to manipulate real-world markets. See the breaking of the bank of England back in 1992.

BarryB

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Quote from: deepceleron on April 12, 2013, 12:26:57 PM

DDOS and buy?

Like a virtual Hedge Fund

Mogumodz

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Cleveland steamer ?

deepceleron

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DDOS and buy?

BarryB

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Of course that sort of manipulation is possible! Bitcoins are being driven to these wild swings by media exposure. The news sent bitcoin values to the moon, then the Web issues turned those stories around and brought it raining back down. It will eventually get back to normal, but don't think that no more of these crazy peaks / valleys are going to happen.

jquinn

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I don't know, that sort of manipulation may be possible until there are more exchanges with more advanced platforms.

Alarion

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I witnessed the same trend for BTC and LTC on btc-e a few days ago. Huge sell walls that disappeared once the price got close.

As for the opposite - a dump and pump? Wink

yogi

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Hamster ate my bitcoin

Crash & Grab

Larynth

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If you look closely to the price to volume relationship and the market depth charts that relate to them, It looks more like someone intentionally manipulated the market into a panic and is now making a grab for all the coins they can get from the sale they made to cause the panic in the first place. Probably not a single someone obviously, but more likely a group of speculators who knew how to panic the people currently in bitcoin without their experience. Once they have the bitcoins they are after I bet they will start manipulating the market using the depth charts again to milk it back up.

If you see a huge wall in ask, then as people cancel lower asks (not wanting to undersell) then as the price approaches the wall it dissipates and another one forms just a bit further along you will know I was right.

Topic: What's the opposite of a pump and dump? - page 2. (Read 2000 times)