Why so slow? Everything bitcoin related is blowing up at the moment.
Indeed, although good news has a 1-2 week delay normally before it affects the price. It also seems to me that people are not only talking about valuation but are starting to discover that Bitcoin can actually solve some pretty huge problems we have. And create at least two larger problems for each one it solves. |
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Maybe it is and always was a fake/manipulator-controlled pump.
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Funny how mega buys are timed just right to push us over walls.
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There is no "all the selling".
Although the charts are similar the volume this week is a fraction of the volume in April (even allowing for gox's lost marketshare). A huge amount of coins are in stronger hands this time.
Holding because cannot get fiat out of exchange = stronger hands? lol. |
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What happens to Bitcoin when over 50% of it is owned by wealthy elites? Time to pump something else?
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Did Gox lead that mini-dump?
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So with no fees is this place just a bunch of daytraders, gamblers, and manipulators/washselling, or what? I'm wondering how much investing actually goes on here. For the most part it seems to just follow gox.
China has very little interest in bitcoin. There never was an inflating bubble. It was just another pump. btcChina is the victim, or perhaps scheme, of some angry amurikans who can't get fiat out of Gox. |
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LOL @ btcChina's volume. Even if the craze is over, there should be way more volume. This wasn't a bubble. It was a pump, probably by some angry Amurikans who cant get fiat out of Gox. Maybe they cashing out in a non-usd fiat. Or maybe they trying to launder.
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quoting my brilliant self: Consider the following scenarios:
1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and
2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders.
A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will.
This should be common sense.
So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. Indulge us, please... Not sure. I didn't actually read anything in this thread, other than the title. |
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if we don't see some buying soon, we will crash; target 168 $16.80
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quoting my brilliant self: Consider the following scenarios:
1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and
2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders.
A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will.
This should be common sense.
So the idea is to manipulate the volume on BTC-E in order to drive the price down on exchanges with greater depth such as MTGox or BitStamp? You are stupid. |
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quoting my brilliant self: Consider the following scenarios:
1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and
2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders.
A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will.
This should be common sense.
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Consider the following scenarios:
1) 100,000 btc 24hr volume by 10,000 traders, with 90% of trades by 9,000 traders; and
2) 500,000 btc 24hr volume by 100 traders, with 90% of trades by 10 traders.
A noob investor/trader is likely to consider high volume as an indication of high demand, especially after a calm period. In 2), the few major traders can manipulate the price around at will.
This should be common sense.
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Most of the volume on BTCe is the owners, or their close friends, trading with themselves at zero fees.
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btcChina about to take us down again
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Wasloraj (or whoever) is correct anyway. If they actually do have them, they will be auctioned off en-mass. What happens after that is anyone's guess but I would expect them to be bought by someone with at least a few smarts who would not likely perform a one-off dump.
thanks, i am always correct  |
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It is not incompetence or fraud. Just poor service, which should have been expected by prospective traders given the regulatory environment.
*edit*
and given Keyur's response, probably not even poor service.
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It is becoming increasingly apparent that crypto-"currencies" have more in common with tech stocks than fiat-currencies or commodities.
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