Bitcoin Forum

Nobody is manipulating the price , we are going nowhere but down cut you loose.

My hands are tied, please cut me loose

http://www.youtube.com/watch?v=ltrMfT4Qz5Y

Just take a short position and you'll be rich guy. :-*

I buy some coins. We will see who is facing a nice Xmas

No one is manipulating the market?

https://bitcointalk.org/index.php?topic=821365.0 (https://bitcointalk.org/index.php?topic=821365.0)

This clown is openly looking for investors to do exactly that.

buying and selling bitcoin is not manipulation.
every owner has the right to do whatever he wants with his bitcoins.

manipulation is when banks buy government bonds with printed money.
or when banks sell future contracts on gold without having any gold in the vault.
or when the central bank arbitrarily sets the price of money (that is the interest rate) at X or Y instead of letting the free market decide what it should be.

okay guys time to cut your looses lol.  ;D

haha good one made me chuckle  ;D ;D ;D

Thats not true. Maipulation is also when one sets orders that are "fake" - walls that are not wanted to be executed, that run dumps on several exchanges at the same time, try to control sentiment on forums and news sites, extensively react to news, spread FUD...

Welcome back fallling. I thought we had loost you...

First I hated these manipulations, now I am learning to love them. It's a free market after all and this was bound to happen sooner or later and in open public or not. He is just another guy trying to catch what he think is an opportunity. Grab your popcorn because the winter is coming!

Hold and hold...

Will be buying in again when it hits 300$.

manipulation [muh-nip-yuh-ley-shuh n]

1.  used to describe alleged artificial movements when price does not trend in the intended direction.

Yet another 'investment fund'... I rank the odds of any funds sent to this person actually being used for the purpose described as Very  Low.

FFS, Bitcoin can't be manipulated! Fiat can, Bitcoin is first true market!   NO MANIPULATION WITH BITCOIN. Yes, there are pumps & dumps but it takes risk.

someone with too much money
buy otc => dump on exchanges
easy manipulation

Isn't buying otc more expensive? Why would anyone do that just to keep the exchange rate low? What's the gain?

Correct, OTC is more expensive.  

People usually buy from the exchanges to sell OTC.

Or, they find a OTC miner that can sell below bitstamp then they turn around and sell to retail buyers OTC (rather than making a tiny % selling on exchange).

+1

And stop saying the guy who sold 30 000btc at $300 wanted to manipulating the price down to buy new coins. Ask him when we are down at $10.

The price is going down because Bitcoin is disappointing. Noone is using it.

People lose money - they need someone to take the blame for their bad decisions. The manipulator threads are generally bearish.

True. The only thing more dissapointing than bitcoin was the internet during the 90s...
hmm  ::)

You can't compare the internet to Bitcoin. Sure, many people didn't know the use of it 20 years ago. But it was a completely new thing. Bitcoin is money. My girlfriend (25 years old) just recently decided to use online banking. To have a facebook profile, paypal etc. is ok. But money? If you have it cash in your purse many people feel more safe. And Bitcoin? Even if people know that it exists they don't trust it.

And the advantages? I know, they exist. But in my opinion they are too small to switch. If there will be a new financial crisis and the Dollar/Euro are losing trust Bitcoin's time woudl arrive! Otherwise ist is difficulty.

Bitcoin is not money just like the internet is not a digital version of USPS... Bitcoin is a protocol/technology. One of its applications is digital cash.

Bitcoin the "protocol/technology" in your analogy would be tcp/ip.  To my knowledge, no one made a fortune buying "shares of internet." 

Wrong, many who bought .com domains made a fortune.

.com domains have nothing to do with "protocol/technology."  See boldface above.

Why would a miner sell below regular price? That doesn't make sense.


I am sure many ISP provides made good money selling Internet to the people...

Bitcoin the "protocol/technology" can't work without itself being a currency (something with value).
Without value attached to its blocks, what is the incentive for miners? Only big miners? Then what's the trust in the protocol?

Decentralization requires the blocks to carry their own value for the miner.

Yes, just like I'm sure many exchanges made good money selling you Bitcoin.  I'm not suggesting that no one profits from the internet, just that the value of bitcoin (the unit of account) is not the same as the value of the technology.

@stefanf:  I agree with you, but there's nothing to suggest that today's BTC price reflects the value of the technology.  There's even less to suggest that the price would rise.

Solving a block must be rewarded for people to continue mining, but there's no reason for the reward to be high if the network's total worth (the profit which could be had by compromising it, etc.) is low.

@NotLambchop

But, your opinion seems to be that the protocol/technology is valuable, therefore the coins should also be. When more applications are developed for the blockchain and adoption increases, the more valuable the protocol becomes, the more expensive the coins become.

The blockchain can be duplicated as many times and for as many different applications as need be.  Clonecoin.  This particular instance of he technology--the Bitcoin blockchain--is no more elegant than a clone, so not particularly valuable beyond its current sunk capital (miners, etc.) & brand recognition.

If I said automotive technology is valuable to mankind, would you assume I meant Chevy?

I have to agree with you in this. Any coin can succeed, but the more useful it is or the most trust its blockchain applications require, the more valuable it will be. It doesn't have to be bitcoin the one that will succeed (if it is one..).

Wrong... bitcoin must succeed or no one will have faith in alt currency for another 5 or so years like after e-gold

Everyone will have faith in a truly decentralized blockchain. eGold was nothing like that. It wasn't new technology. The blockchain is and every new technology stays forever and advances.

 :D :D :D

so you're part of that blockchain not bitcoin clown group heh.

how has clonecoin success worked out so far? when should we expect them to catch up?

sunk capital  :D surely you mean security & infrastructure right?

I thought you were smarter than that, even in your trolling, disappointed  :-\

^
As much as I admire your ability to post smileys, the rest of your typings disappoint.
In the future, please try to make your comments coherent, relevant and concise.
Or simply stick to playing vidya.

The analogy was meant to help you understand that bitcoin is a technology that has applications (digital cash)... Obviously the two protocols have different characteristics...

You're missing the point.  Some here think that by buying 1BTC, they are buying 1/21millionth of the technology.  I'm simply pointing out that's nonsense.

Actually you are buying 1/21 millionth of the total digital units of the most sophisticated, actively developed, global, decentralized, secure transactions network the world has ever seen...

That's why buying 1/21 millionth of an altcoin costs 1000 times less despite the fact that the underlying technology is almost identical...

FTFY.

an instance of?

what other instance of blockchain ledger has gained any traction?

caution, troll, don't mistake infrastructure for "sunken capital" again troll

Learn some manners, faggot.  Then we'll talk :)