4:33AM EST  4:33AM EST 2015/01/30  4:39AM EST 2015/01/30  4:47AM EST 2015/01/30  |
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What did they do in your opinion?
I'm to tired to type it out in full with references. Probably best you build your own opinion on what just happened. In a nut shell Coinbase Rick Rolled everyone with news that was a flat out lie and generated tons of "buzz" (as Charlie Lee called it) that generated Coinbase huge profits at the expense of fooled customers/bitcoiners alike. 1% and actually buying Bitcoins after the market crashed via customers and huge $50+ dollar swings for the rest of the world. (NYSE tweeted last week they planned on helping Coinbase make the Bitcoin prices more transparent... and Coinbase took that shit to the bank.) https://bitcointalk.org/index.php?topic=938514.0Don't forget that their news help propup LTC/USD LTC/BTC prior to the BTC/USD pump from $255 to $310 while OKCoin kept the LTC/USD at the targeted @$2.3 in an effort to move LTC into BTC and then sell the BTC at a higher USD rate. If we manage to break $250 BTC/USD then expect to see some frustrated people who were promised sub $200 due to BTC/LTC pumping and dumping. |
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 Daily resistance was too strong for those bulls. Nah to make an accurate prediction I suggest you pay attention to the volume on BTC/LTC and LTC/CNY and you will know the reason the BTC/USD is being pushed down. This is not the effect of BTC holders rushing to the exits but rather exploiters taking advantage of the uncertainty of the market due to market manipulation. EDIT: when the value of BTC/LTC drops you will see a rise in BTC/USD while the LTC/USD does not go higher. A simple algorithm can pick this up as well. Simply review the archived charts and you will see on BTC-e on the 25th a Serious Drop in BTC/LTC prior and the price increase of BTC/USD to the jump from $255 BTC/USD all the while of LTC/USD did not follow the BTC/USD move as it was being kept in place by selling preasure on OKCoin LTC/CNY. |
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From the source: http://www.prnewswire.com/news-releases/coinbase-inc--national-securities-law-firm-investigates-licensure-of-coinbases-bitcoin-exchange-300028022.htmlOn January 26, 2015, Coinbase announced that it launched the first regulated Bitcoin Exchange in the United States, and that it is licensed to do business in 25 states, including New York and California. Coinbase's statement may have artificially inflated the price of Bitcoins as the cybercurrency rose to $263. However, it was later revealed by New York's Department of Financial Services and California's Department of Business Oversight that Coinbase did not have the licenses necessary to operate as a Bitcoin Exchange in New York or California. Following this announcement, the price of a Bitcoin fell to $233. If this bunch of jokers gets their panties in a twist over every little 30 dollar pump and dump, they are going to be very busy little beavers. Funny how they don't worry about stuff like LIBOR or the London gold fix so much... I think coinbase just didn't grease the right palms and this is just a shakedown for protection money. Regulation is a joke. THis is an example of the DISCONNECT between Journalism and reality. The drop in BTC/USD was not effected in the least by that revelation as this market manipulation btc/usd btc/ltc ltc/cny was pre-planned since the 24th of this month. Some one put this up however I can't seem to find the posting on bitcointalk.  |
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Update 3:34AM    3:56AM EST  4AM EST 2015/01/30  4:10AM EST 2015/01/30  4:26AM EST 2015/01/30  4:28AM EST 2015/01/30  4:30AM EST 2015/01/30  4:33AM EST 2015/01/30 |
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Its hilarious how quiet this thread goes when the price is rising compared to when it falls $10. Just trolls left = confirmed.
10,000 pages ago there actually were interesting posts where people were really analyzing TA and tossing ideas around. Now the best we have is TL;DR walls of text from concern trolls. Lately they've been coming for /r/bitcoinmarkets too. It's pretty bad. I'm not going to post any TA unless newbie jail is brought back. This is the most popular thread on the forum and quality posts get shit on day in and day out from these shills with nothing to contribute. I don't think the newbie jail will change much. These are economically motivated posters who are being allowed to deliberately deface the forum and discredit bitcoin in any way possible. They state openly they want to destroy bitcoin and then proceed to do everything in their (limited) power to bring that about. Posters that have previously been banned from the forum (Atlas and Goat spring to mind) were orders of magnitude less offensive (I found both quite entertaining and interesting tbh). These guys are just cretins who have zero to contribute, their 'criticisms' are the usual baseless lies, FUD and misinformation that have been thoroughly refuted here over 4 years ago, yet all they do is repeat the same ad nauseum (a tool of propaganda). I've seen exactly the same modus operandi on other investing sites, which apparently bitcointalk has become in parts, and they will destroy this forum if they are allowed to run amok as they have been so far. They should have been banned long ago ... theymos and mods need to grow a backbone and realise what is happening, and soon. In the end, censorship by the government is always the solution. I knew it. Hmm...Censorship I think marcus is right... But It is not censorship the thread/forum needs but reasoned moderating, I like a joke as much as the next guy, but...... there is the obvious is obvious trolling, aggressive, insult hurling trolling, constant repetitive trolling. That has got little to do with freedom of speech, that is more like verbal abuse Honestly newbies are important and their input is important, however in the past if a child disrespected another person there would be consequences, usually resulted in their removal. |
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2:14AM EST 2015/01/30  2:24AM EST 2015/01/30  2:46AM EST 2015/01/30  2:50AM EST 2015/01/30  2:55AM EST 2015/01/30 BTC-e LTC/BTC  2:57AM EST 2015/01/30  3:02AM EST 2015/01/30  It is good to see LTC/USD was being permitted to rise however the "market" or those hopeing to sell LTC for top dallar are still using BTC/LTC BTC/USD and LTC/CNY has been used to push BTC down. Also back when BTC was 600+ in 2013 shortly after altccoins like DOGE is when you noticed this same behaviour. 2:14AM EST 2015/01/30  Note: You can still use DOGE and DRK for this trick on a larger scale however LTC still is king. 3:05AM EST 2015/01/30  3:09AM EST 2015/01/30  3:12AM EST 2015/01/30  3:12AM EST 2015/01/30  3:20AM EST 2015/01/30  3:24AM EST 2015/01/30 This is only possible because most people don't recognize the true value of BTC and are looking for the next "get rich coin". "Do not trade on leverage in this market" Bots and leverage on exchanges with out transparency is not a good mix. http://www.coindesk.com/margin-trading-crash-price-bitcoin/This theory, perhaps most notably posed by Raffael Danielli, posits that out-of-control margin trading caused a flash crash in at least one major bitcoin exchange market, a development that had a cascading effect across the larger bitcoin market. "BITCOIN PRICE MANIPULATION ON CENTRALIZED EXCHANGES SEEMS COORDINATED" https://www.cryptocoinsnews.com/bitcoin-price-manipulation-centralized-exchanges-seems-coordinated/The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down – they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they’d consider the very people who sustain the Bitcoin network, namely Bitcoin miners who, below $400, likely operate at a loss. Exchange clients and miners get whatever is happening in the busiest exchange. The exchanges’ arbitrage-bots equalize prices between one another. Miners – you’re the backbone of this innovation. Cryptomonkeys – you think you’re trading – but your centralized exchange rides you bare-back. |
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Well someone has deleted their post  |
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Chinese should be waking up now. Wonder what they plan to do
Seems like they're going to dump. Wonder how long before the finex buy walls disappear. If those disappear, it will be immediatly as those buy walls are fake as has been seen my multiple people in this thread today. We are nearing 8 AM China Time, so if there's gonna be a move it will be there in the next 60 to 90 minutes. I already see some careful movement downwards, just the way the other dumps started before the 8 AM mark. am i the only one feeling bullish? No. The downward movements on low volume are just stop hunting. Had the same fakeouts (only in reverse) last time we consolidated out. It's how whales take position. 6:42pm EST  6:49PM EST  7:00pm EST  7:05pm EST  7:10pm EST  7:42pm EST  7:44pm EST  7:55pm EST  8:03pm EST  8:20pm EST  |
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Don't trade with leverage. 5:44pm EST  5:50pm EST  6:38pm EST  |
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How Bitcoin has managed to bounce around $200 for so long is beyond me.
When people stop trading on leverage things tend to go up slow and steady and stay there. |
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I'm not looking forward to China waking up
  458pm  500pm  511pm  513pm 519pm  525pm This time yesterday is when they pushed it down to 215-220 at BTC-e rasing the BTC/LTC price up. 504pm EST  505pm EST  |
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Isn't that from 3-4 months back when paypal announced it . Or is it something new ? Braintree recently launched their SDK for Bitcoin payment processing and PayPal won't be far behind. |
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420pm  430pm  |
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Speaking of BOTs seems when they are most active is when to expect the market to move.  |
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wall has increased on finex by over 15% in the last 2 hours ohh dat wall Is this all the cash that was made dumping all those coins yesterday trying to induce a panic? I hope they panic buy back in. If BTC/USD price moves past 250 and they will. Two ways. One buy alot of ltc with fiat. Not going to happrn. Or buy btc with fiat. They will have to permit the LTC/USD to go up or permit BTC/LTC to drop and their scheme to tank btc will not permit that without incurring a serious loss. |
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Looks like the same software lambsy uses, saying you're a sockpuppet maybe?
