Bitcoin Forum

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.

Crash & Grab

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? ;)

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

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.

DDOS and buy?

Cleveland steamer ?

 :D Like a virtual Hedge Fund

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.

More or less this. A pump and dump is

The logical opposite would be

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.

Suck and stuck?

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.

This has my vote.

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

See urbandictionary for the answer to your first question.  As to the second, it may accurately describe the mess and feelings of those involved in the whole ordeal.

this is awesome, well done

If you've never tried it, you should. Also, look up a Double Charlie Backwards Mexican. It will blow your -mind-.

Has Gox ever explained the .02 and .01 btc trades and why they allowed them to help drive lag up to 1.5 hrs?

The next time BTC gets to $200+ the market should reset to centiBTC (cBTC) where each trading unit is $2+.

When cBTC gets to $20+ the market should again reset to milliBTC (mBTC) where each trading unit is $2+.

When mBTC gets to $20+ the market should again reset to decamilliBTC (dBTC) where each trading unit is $2+.

And so on, so that in a few years billionthBTC (bBTC) would be the unit of trade and currency.

No wealth or value is ever lost. The trading unit thereby stays within people's currency comfort zone for conducting commerce.

Are you sure that's a good idea?  My good buddy Warren Buffet told me never to split.

Reset or split seems necessary because BTC's value is as a currency. If the value of a bitcoin is $200+ it becomes unwieldly as a unit of commerce. BTC needs to be used like coins - pennies, nyckels, dimes, quarters, 50 cent pieces and dollars. It is inhibiting for people to think of a $200 coin. A $2 coin is much more currency friendly and the ability as a currency is what gives BTC its value.

$266 BTC is difficult as a coin of currency for most people.

It world be impossible to buy all. I for one would not sell my 10BTC for anything under 10 000$ :)
Also - what would they do with the next version like LiteCoin?
I think it more plausible that there some smart criminals out there who are desperate for cheap coins.

10/10 Mouser

"Poop and Scoop"

I was looking that huge drop on 2/10/14 and thinking that might have happened, but it's too drastic. 
Strange though it appears on Litecoin and Bitcoin charts.   Someone was in a panic to sell a large position I guess.

Oops, you have bumped a really old thread lol :P

Pandacoin  (https://bitcointalk.org/index.php?topic=460037.180):)

Surely a dump and pump? lol.

Shhhhhh....Don't ruin those developers' plan  ;)

You are ruining yourselves not getting into something revolutionary like Pandacoin, everything has as price, to counter market manipulations you need to take some measures.

In another thread, you are saying the coin is resilient to market manipulations because of the pre-mine, and now you are saying the pre-mined coin won't be sold?

lol  :D

You are confusing the IPO with premine, please go read the original thread.

No thanks, I just need to forget about the panda completely.  :D

How is it revolutionary? What makes it different from all the other crapcoins?

The revolutionary part is that the coin will have an adorable panda icon lol. :D
Just like dogecoin, nothing is special apart from the icon.