Bitcoin Forum

 :o to 110 in seconds from 92. wtf is going on!!!

Yup, I saw this! :D

I'm as baffled as you though!

Big buy order executing, no walls. 500 just bought

I just bought cheap coins at 100$...  Let's hope it goes to 120$+ :)

Is this how dark-pooling works? Maybe?

Now 1k+ bought.

scratch that 15k just jumped up bout ;)

Smell like plain old price manipulation ::)

Yeah. That's WAY too much money that just happens to be preloaded into a Gox account, traded in one giant bulk and then used to create an even bigger wall to prevent it sliding again. EDIT: And now removed to create a slide wtf

10000% price manipulation, they fed through like 3000 tiny transactions to overwhelm the engine. As to what they gain or why they do it we don't know, all this shows is how fragile Gox is still.

big fish trying to eat the little fish i think. fucking crazy shit going down though.

and how jumpy all the other markets are reacting to it, bitxtamp doesnt know its head from its ass right now. buy buy buy buy.....sell sell sell sell... no buy buy buyby ubbyovosossosososossssooeobuyubybby. good hell

Yeah, CampBX is struggling with all the traffic to get in ahead of the move there.

Welcome to the United State Goverment people! Who else would have the power to manipulate the price like this, and the motive to do so?? All those tax free transactions are eating at then, and they can't take it anymore!!

yup

The tax free transactions are not having any significant impact on our economy and they can still go after you as a person for evasion of taxes if you don't report your bitcoin profits to them.

When you sell any and transfer it as US funds into a US bank you bet they know about it.

is anybody still under the illusion that you don't owe 15% tax when you cash out? We should really try to do a better job educating people, too many individual IRS audits could pull a lot of money from the market.

Educate me on the 15%?

here come the panic buys

Bullshit AliceWonder,
   Taxes are 100% VOLUNTARY!
DO NOT FILE ,and you have broken no contract. File and don't pay, (even once) and you have a broken contract.
http://www.youtube.com/watch?v=I_aQbr6d_Js

Exactly.  So when Bitcoin goes down and we cash out, are we now allowed to claim capital losses?

Yes, but only for IRS cocksuckers.
If you are a flesh and blood person, you are a creditor of the US corporation. Not a debtor. Only the strawman is a debtor. The IRS collects taxes from the strawman and has to return it to the original principal, being the flesh and blood person, where the credit was created. The problem is that they assume the strawman is YOU, and you are too stupid to know the difference between a naturally dead, artificially created, civil debtor entity and yourself, the real flesh and blood person who injects their own energy into the system and is THE Creditor, not the debtor. Get it straight and remove yourselves from self imposed ignorance fueled delusional slavery.

Hahaha this is hilarious.

When we had those HUGE multimillion $USD dumps I was all like "Yeah just wait, rich motherfucker is going to slowly buy [at least some of] them back when all you nitwits are done panic dumping."

And our resident retard bears (you know who you are) were like "Nah it's changed fundamentals, people giving up on BTC, cashing out, BTC is dead, game over, $20 by weeks' end."

It's a safe bet that the person who bought thousands of coins at market is one of the same people who SOLD thousands of coins at market in the past couple weeks.

WELCOME TO BITCOIN, N00BS.  8) 8) 8) I think we know who lost coins to the manipulator and who didn't ;)

wait a minute...is this the bitrebel i knew from 2 yrs ago who did the Alex Jones interview and whom i wrote talking points for?

Or not.  Anyone with $10M can easily manipulate the Bitcoin market.  That won't change until the markets are much deeper and much bigger.  It hardly takes the resources of a nation state and certainly not the United States.  Somolia central bank would have the resources to push the Bitcoin market around.

Perhaps, but anyone with $10M probably wouldn't even care to. JMO

eheheh, interesting idea. Perhaps Trade Hill is also trying to maintain a price secretly. There is a que of a few million dollars and they are buying in a range... nahhh, but it sure is interesting
what happened today. Just makes you wonder why they didn't buy yesterday. Perhaps they just wanted to see that bottom formation in play and hold. Note - we are sitting exactly on the 100ema support line - The bottom of yesterdays candle is basically there to. It gives us some hope.

A whale accidentally clicked buy instead of placing a limit sell order as intended.

ha ya a drunk whale that just happens to have 10-15k in bitcoins... ha and he still wins prob bout up to 104 and everyone panic buy and then slowly cashed out at 110? haha

You know guys that after that push to 110 there was a 4k wall at 110 that got eaten?

Bid wall right?

yup. So there is somebody sitting on 4k coins bought at price 5USD higher than todays weighted average.

maybe knows some insider info? knows that its going to 150 and its going to go fast.... humm dont know what else it might be.

It's just CanadianGuy who wanted the push the price to 120 to win his bets. Too bad he failed. :P

RLY, SRSLY ??

If I had tons of money to invest, I'd have probably done the same thing, because it might be simply a good investment.

Occam's razor, people.

pirate@40 is the simplest explanation

pirate is buying?

ha well there is a novel idea! maybe just maybe it is a good investment! ha just cuz we have all herd of bitcoins and watched it over the last year two years or so doesn't mean that its not new to some... well a lot. some big fish might be just smelling this and they want in. it will be the global currency of the future... it is already. if i had a hundred thousand dollars 80% would go into bitcoins you bet your ass. I think that it really does have incredible potential.

quote me on this but if its anything like the past then i think the next big slide like the one we saw will be around 880. how long till we get up that high is another story, lets see what happens.

I just realized something. When someone SELLS thousands of BTC, random noobs show up and create doomsday threads predicting the demise of Bitcoin and $30 prices.

But someone BOUGHT thousands of BTC and we have a thread "OMG someone bought thousands of bitcoins."

Really on the sell side we should have threads like "OMG some manipulator just sold thousands of BTC" rather than "OMG every one's selling, panic dump, btc to $20, game ovah!"

Oh well.  :P One-sided irrationality is hilarious, I guess. Does this mean the bears are mostly composed of overdramatic noobs? Probably. 

This has to be my favorite quote on bitcointalk so far... I might have to give Dr. Abdisalam Omer a call and see if we can work out a price manipulation deal :)

Memphis BBQ is ok

OK? Just ok? You take that back! :P

Regarding the person(s) who moved the price all the way back up to $110 or so, what are the chances that there are people who have a vested interest in the price not dropping to low?

What happens to Bitcoins adoption at a price of over $100? I'd say it slows things down. Would someone purchase BTC to keep the price from dropping for that reason?

Not saying this is the answer at all, but why would a person buy 15k BTC's at market, with so much slippage, instead of letting the price fall further and just picking it up slowly or put
in a market order?

It is worrying because two weekends in a row we had these "weird" sell offs. I say weird because there are better times to sell. Much has been mentioned of this being manipulative.
The larger buy in a sense, also was...

Maybe vc's are interested in keeping the price stable at that point for a while to set a new low.

That definitely crossed my mind and I know I mentioned it as a possibility somewhere. That trade I mentioned above, that many talked about on the wall thread in this forum, is just too fishy.
We'll see what happens next weekend...

I'm at a crossroads, bear trap or bull trap... or a bit of both?  :D

I thought it was fishy as well.
The option I gave is actually the one I'm hoping for but on the other hand it could just be a pump.
I actually don't think mister loads of coin is going to be dumping before we have descent support in the 120 range.
It would be stressing the market to much and could lead us to an even more bearish market.
He cashed out a nice chunk already and if he doesn't need to pay up, it could sustain him for a while to let the market recover.
I actually suspect major dumps when all the bulls are yelling 'to tha moon and beyond!'

That's also the reason for me not selling a part of my own coins. I would like to cash out a few and hold them in fiat on an exchange to buy back when we hit 60-70 after these dumps
.
For the record I'm no big fish and wouldn't even qualify as 'super node' but I am a 'node'  ;)