Bitcoin Forum

Other => Beginners & Help => Topic started by: revans on April 11, 2013, 06:03:54 PM



Title: Watch the price manipulation in real-time
Post by: revans on April 11, 2013, 06:03:54 PM
https://bitcoin-24.com/

Some people are working really hard to push the price back up to $90. I expect a bloodbath when MtGox resumes trading, could be down to sub $5 this time tomorrow.

At present all bitcoin seems to be doing is something I thought would be bear impossible: make government fiat look almost attractive.


Title: Re: Watch the price manipulation in real-time
Post by: r3ex1 on April 11, 2013, 06:24:56 PM
I was thinking a similar thing.
Could go one of two ways!


Title: Re: Watch the price manipulation in real-time
Post by: DannyHamilton on April 11, 2013, 09:33:20 PM
- snip -
Could go one of two ways!

Bitcoin is a highly speculative and extremely risky investment.  It is not wise to invest money that would be financially devastating to lose.

I wouldn't be surprised to see $10,000 per bitcoin within 5 years.

I also wouldn't be surprised to see $0.01 per bitcoin (or even 1,000 bitcoin per $0.01) within 5 years.


Title: Re: Watch the price manipulation in real-time
Post by: Flare on April 11, 2013, 10:13:05 PM
The anxiety is killing me. Can't wait for mt-gox to resume trading.


Title: Re: Watch the price manipulation in real-time
Post by: Zeus7777 on April 11, 2013, 10:15:10 PM
All I know is that I wish I had at least a few bitcoins.  I could've bought them for less than $1 way back when.. a long time ago.. pfft.. I was gonna buy $500 worth.  I'd be rich.  I'm so depressed. 
 
Here is my ripple public address: rhQhUhh9dvPyZ2Lx9BAZjTK6eAa2u6neFz


Title: Re: Watch the price manipulation in real-time
Post by: resma on April 11, 2013, 10:16:09 PM
Since traders at MtGox that really wanted to sell could transfer their bitcoin to another trader and sell there, I don't suppose that large scale selling will occur. We'll see...


Title: Re: Watch the price manipulation in real-time
Post by: resma on April 11, 2013, 10:22:11 PM
I find that MtGox is actually manipulating prices by suspending trading like they do now. By controlling 80% of the trades, their power over bitcoin and it's value is just too large. I will soon move my bitcoin to another trader...


Title: Re: Watch the price manipulation in real-time
Post by: photon2 on April 11, 2013, 10:28:32 PM
The volatility has been insane.

The returns people must have seen this week.....  :o

Its always dangerous when you have powerful players in a system that can be carefully manipulated.


Title: Re: Watch the price manipulation in real-time
Post by: Aahzman on April 11, 2013, 10:29:37 PM
i've been eating Tums by the freakin' handful...