Bitcoin Forum

Guys are you kidding me, a 45,245 bitcoin buy wall. No this isn't manipulation by one person. This is just the average person all wanting to buy at $2.00.
This is not the manipulator who has been putting up these bid walls from the drop from $30. And has gotten so desperate now that he is trying to hold bitcoin from going under $2.00.

How anyone can deny the fact that this is manipulation on the grandest scale is just delusional. Any sane person who wanted to buy that many bitcoins would wait for the price to drop into the cents. He is putting up this bidwall to stop bitcoin from total capitulation below 2.00, which would put us under 1.00. This is called MANIPULATION. This is also most likely by 1 single individual who does not understand the economic term "sunk cost".

I've been waiting for this post! =)

I just don't start threads! That there is one BIG wall. The lower it goes, the bigger it gets too!
And, the dollar value could bump the price to around $3.

This guy is really pissing me off. I came home today looking forward for the carnage of bitcoin finally below $2.00's, only to see that it hit $2.04 for the low. OK, $2.04 is not bad, we are getting close, but then I look at the bid volume, and could not believe this moron put up a 45,000 bitcoin bidwall.

Now it looks like it may be a week or so before we finally break though the $2.00 range.

Whoever this guy is must not care about losses. maybe he is like a philanthropist or something, and wants to put his money into propping up bitcoin instead of some other ripoff charity. I just don't get it. How can someone with this kind of money be trying to prop up such a losing investment. Something just does not make sense. If you have that kind of money you should not be so reckless and stupid with it.

Why doesn't he just let it fall to nothing and scoop it up for cheap?  It eventually will climb back up in a few years anyway.  Why does he want to catch a falling knife?

that wall will go ahead and disappear anyway.

Or just be moved to $1 or below.

If it's actually 777 people and then someone sells 333 coins into it, how does Gox divy up who bought coins and who did not?

Hmm it's rallying again!

"Rally"  ::)

Its a trap don't rally!

He is protecting his 100k+ BTC holdings!


First come, first served! At any given price anyway!
More recent orders are stacked on top!

if someone had enough coins to dump, he wouldnt have enough time to retract his bidwall to a lower price. 

GOGOGOGOGO SOMEONE

I put a bid in at $2, just so I too, could be The Manipulator.

In solidarity, I, too, put in an order at $2.00.  WE ARE ALL THE MANIPULATOR.

Except I think they call it collusion when in a financial context.

The bulls, bears, and constant talk of a 'manipulator' on this forum got me thinking: is it illegal to pump-and-dump bitcoin?  Is it illegal to collude with other traders, to post bull or bear comments on forums and drive the price up or down?

Bitcoin isn't a share of a listed company that can benefit from insider trading.  It's not recognised by any significant market in the world.  If a person in Europe tries to pump and dump using a forum hosted in the USA on a bitcoin exchange in Japan, does anyone care?

i had a bid at $1.99 but after seeing a low of $2.04 i moved it down quite a bit.

when it spikes down, it usually goes much lower than the previous low, and $0.05 is too small a difference.

i could be waiting a while though...

why don't you just knock down the wall?

http://www.youtube.com/watch?v=YtYdjbpBk6A

I didn't say buy.  I just noticed it rallied 10 cents.

However high it gets later this month, it'll crash further the next.

December, I think it may rally big in anticipation of the 2012 change.

Lol.

Welcome to the free market total. No closing exchange because of 50% +/- per Day, not trading from 9 to 5. - 24/7 trading around the world. If you can't stand the heat, get out of the kitchen.

Maybe its a manipulator; maybe its a lazy guy just sayin i dont pay more.

I dont care.

The market reacts or not, comes to a conclusion or not. Maybe the market (including me) can not handle an open orderbook, running away in panic from a big bid/ask wall.

Dont piss on this guy, you are the problem youreself! You just react like a little child.

If youre looking for a regulated market bitcoin is definitely the wrong playground. bitcoin wants to be unregulated, is unregulated and will always be.

Is that why the entire community knowingly cooperates in regulation (FinCEN) and centralization (exchanges)?

who invented the trading of bitcoins? the bitcoins or the greed of the market / of us?

whos sayin you must use mtgox? bitcoins or we all together because with more than 1k bitcoins you can not use an other exchange?

at the moment bitcoins are used 95% for speculation. thats why we must use mtgox. if bitcoins would be used for buying goods there would be not that problem. its a chicken and egg problem.

im sorry for the speculation, but i can not change. so i live with it and dont cry like a baby.

Imagine, just for a moment, that you have money and give Bitcoin a decent success chance. Then imagine multiple people of the kind exist, competing to be the lowest to execute a major buy.

Voilà! That's all the magic. We're closing in on a potential end of the bust, and people compete to strike the bottom. Panic sells into large bidwalls have high volumes. It's an invitation to early adopters to do a massive panic sell.

Why is everyone so upset about this? Everyone is free to place orders wherever he wants. I personally would not choose a round sum or be so visible, but then again, I'm not the one throwing 100k USD at the market, so I don't get to choose.