who is messing with bitcoin and to what purpose? - page 3.

Ibian

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Quote from: ?? on ??

Quote from: Ibian on November 11, 2015, 12:05:40 AM

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Quote from: Ibian on November 10, 2015, 11:52:57 PM

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Quote from: Ibian on November 10, 2015, 11:36:40 PM

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Quote from: Ibian on November 10, 2015, 11:24:52 PM

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

remember all the happy talk about slaying of the bearwhale (who sold at 300) on a large volume, then a sharp drop to $170 that nobody expected.

What about it?

just an example that it held then as well at high volume only to collapse some time (not long) later.
In my opinion, bitcoin price is fully unpredictable to the outside observer.

Exactly where are you going with this? I said unlikely, not impossible.

Ok, man, I was just commenting, did not mean to upset anyone.

Who's upset? I just don't see why you felt the need to keep going on that tangent for so long.

Ibian

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Quote from: solid12345 on November 11, 2015, 12:13:53 AM

I'll just go ahead and say it, it is shit like this that keeps ordinary people out of Bitcoin. For everyone who is hodling for years its easy to say ignore it, but if you are a retailer or merchant, you can't afford to take a few thousand dollars in Bitcoin and before you can even make payroll or switch out to fiat it drops 20-30% in a matter of days. It makes no sense to use from a business standpoint unless you are cashing out every transaction to fiat immediately when receiving it.

There are payment processors for that. You know, the ones you use every time you buy something with bitcoin in most online stores that accept it? Those ones?

solid12345

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Activity: 1246

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I'll just go ahead and say it, it is shit like this that keeps ordinary people out of Bitcoin. For everyone who is hodling for years its easy to say ignore it, but if you are a retailer or merchant, you can't afford to take a few thousand dollars in Bitcoin and before you can even make payroll or switch out to fiat it drops 20-30% in a matter of days. It makes no sense to use from a business standpoint unless you are cashing out every transaction to fiat immediately when receiving it.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: ?? on ??

Quote from: Ibian on November 10, 2015, 11:52:57 PM

Quote from: ?? on ??

Quote from: Ibian on November 10, 2015, 11:36:40 PM

Quote from: ?? on ??

Quote from: Ibian on November 10, 2015, 11:24:52 PM

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

remember all the happy talk about slaying of the bearwhale (who sold at 300) on a large volume, then a sharp drop to $170 that nobody expected.

What about it?

just an example that it held then as well at high volume only to collapse some time (not long) later.
In my opinion, bitcoin price is fully unpredictable to the outside observer.

Exactly where are you going with this? I said unlikely, not impossible.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: DieJohnny on November 11, 2015, 12:02:40 AM

markets are simply not liquid, far too much capability for a player to have his way.....

Need vastly more volume to mitigate the players out of the equation.

Not happening. It's the percentage of bitcoin owned that matters, and they keep getting more.

DieJohnny

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Activity: 1639

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markets are simply not liquid, far too much capability for a player to have his way.....

Need vastly more volume to mitigate the players out of the equation.

Ibian

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Activity: 2268

Merit: 1278

Quote from: Arcteryx on November 10, 2015, 11:40:49 PM

Quote from: jacee on November 10, 2015, 10:44:28 PM

Quote from: Biodom on November 10, 2015, 10:24:01 PM

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

Greedy people does this. They could've atleast make things slower rather than the fast dumping and pumping of the price. I don't know what is in their mind but a lot of people are affected by their greed.

This is all happening due to greed. I doubt that.. It is a strategic move initialed by whales and the China holders to stop increase cold in it's tracks. It is due to fear.

This is rich people getting richer. They started the rally, then let it move up on its own. When they decided the price was high enough they sold. This makes them money. Then they help push the price down, let it fall as far as they are willing to let it go, then they buy. This makes them bitcoin. Then they wait a bit, see what the market is doing, and in this case they decided it could go lower so they sold. At the bottom they buy again. Easy money if you have enough to get things rolling and time it right.

Ibian

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Activity: 2268

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Quote from: ?? on ??

Quote from: Ibian on November 10, 2015, 11:36:40 PM

Quote from: ?? on ??

Quote from: Ibian on November 10, 2015, 11:24:52 PM

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

remember all the happy talk about slaying of the bearwhale (who sold at 300) on a large volume, then a sharp drop to $170 that nobody expected.

What about it?

Arcteryx

hero member

Activity: 728

Merit: 500

EtherSphere - Social Games

Quote from: jacee on November 10, 2015, 10:44:28 PM

Quote from: Biodom on November 10, 2015, 10:24:01 PM

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

Greedy people does this. They could've atleast make things slower rather than the fast dumping and pumping of the price. I don't know what is in their mind but a lot of people are affected by their greed.

This is all happening due to greed. I doubt that.. It is a strategic move initialed by whales and the China holders to stop increase cold in it's tracks. It is due to fear.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: ?? on ??

Quote from: Ibian on November 10, 2015, 11:24:52 PM

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: ?? on ??

Quote from: r0ach on November 10, 2015, 10:26:15 PM

Yea, the fact that BTC-E is now the market leader with a $15 markup shows severe manipulation. They don't consider BTC-E a big enough fish to try and manipulate there, mostly just Bitstamp, Bitfenix, and Huobi.

Manipulation, you say? In MY unregulated bitcoin market?

Except the markets you trade gold on are regulated and manipulated even more.

Ibian

legendary

Activity: 2268

Merit: 1278

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

Chronikka

hero member

Activity: 658

Merit: 504

When you stop short term price speculating these minor fluctuations will mean nothing to you.

cptdome1

sr. member

Activity: 386

Merit: 251

Quote from: Biodom on November 10, 2015, 10:24:01 PM

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

no one is messing with BTC. Its just supply and demand!

Tmdz

hero member

Activity: 1008

Merit: 1000

These people are the devil and they don't give 2 shits about the whole revolution of bitcoin only making their accounts richer. The problem is it is soo temping to get involved when prices go crazy like this but so many people get their wealth stolen by these greedy bastards.

jacee

legendary

Activity: 1302

Merit: 1025

Quote from: Biodom on November 10, 2015, 10:24:01 PM

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

Greedy people does this. They could've atleast make things slower rather than the fast dumping and pumping of the price. I don't know what is in their mind but a lot of people are affected by their greed.

romjpn

full member

Activity: 193

Merit: 100

Quote from: maku on November 10, 2015, 10:30:54 PM

This is so messed up. Volatility is one thing but recent price changes were even beyond that. It looked like massive organized action of pumping and selling.
Who is doing that? Probably some whales, big companies or bitcoin criminals, who else?

Indeed. It seems that someone is making big money doing that and since Bitcoin exchanges are not regulated, no one will give a shit.
But it's definitely coming from China.

I was selling a bit too high after the peak and the rebound was 10$ too short to fulfill my sell order. Fuck Grin

maku

legendary

Activity: 1288

Merit: 1000

This is so messed up. Volatility is one thing but recent price changes were even beyond that. It looked like massive organized action of pumping and selling.
Who is doing that? Probably some whales, big companies or bitcoin criminals, who else?

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: Morecoin Freeman on November 10, 2015, 10:27:03 PM

MMM ponzi company fuckers.

Not even plausible. The bullshit thing has been open since 2012 accepting Bitcoin. There is no reason whatsoever it would just suddenly start having a huge effect to raise the price in the last 2 weeks.

rokkyroad

legendary

Activity: 1090

Merit: 1000

Too many bitcoins in the hands of too few.

Topic: who is messing with bitcoin and to what purpose? - page 3. (Read 3509 times)