I like how when The Manipulator puts up askwalls people rightly point out his manipulation... but when he puts up a bidwall some people say, "Yeah, he just wants to buy."
uh-huh.
Lots of people don't put up walls and use bots that sneak in buy and sells when the price reaches somewhere. |
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Well today, he's finally pulled out his huge buywall so hopefully it will freefall this Thursday. I bet those people who bought at 5.60 and those bots that insulted him from some of the sell orders feel silly now.
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that wall is obviously not just to buy coins as it could easily be at .20 or .30 lower and still absorb all sells.
No one is selling either. The market has been stagnating since last evening. Perhaps The Manipulator is making it stagnate? |
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I hear Linus is doing pretty good these days...
He's got fame. So he can just churn out books and get publishers to pay him for them. |
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Well it sure as heck bounced off $5.30, the question is if there is enough volume to push (back) through that little bump at $5.60.
I couldn't tell if 5.30 was the bottom or not at the time. It just sort of stagnated and only went up about 5 cents and the 10 cent was only sporadic stuff hard to get except with a sellwall and one can't make more than a tiny sellwall there or risk pushing it down. The 5.50 bump is some manipulator and they aren't pushing it higher so far. |
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Why did he put a 3000ish coin buywall at 5.50, bumping the price way up today?
I wonder what's going to happen. So far only one or two people took the bait and it has not climbed.
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It is only a good buy in point if it is a good price point for you. That is a very individualized decision based on your market positions and it does not make sense to generalize the market in that way.
To me it's when it drops a lot and finally hits bottom and will go back up. |
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So how much will it fall this end of the week? I'm hoping The Manipulator is nice enough to drop it to $3.
I think that general uncertainty in the markets (as a whole, not just Bitcoin) is keeping volume down. It won't move much unless this changes. Perhaps "The Manipulator" will decide for us. [/snark] But I think we could test $5.11 again without too much trouble. Considering, the low end was 5.30 yesterday and 5.10 was the best buy in point yesterday, I'm just pondering if 4.90 would be a good time to buy in point based on the same logic or if it's better to wait to 4.60 for a possible drop on Friday. Everyone who went all in above $6 two days ago has been dumping their overpriced coins yesterday and today. |
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I figured out why it drops more after the end of the month. People who are buying bitcoins maybe don't sell that much off, but they have lots of expenses and so for the first week after they pay their end of month expenses, they are in a cash crunch for a week and so don't have the free money available to buy up all the coins that others are selling off at a gradual rate.
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So how much will it fall this end of the week? I'm hoping The Manipulator is nice enough to drop it to $3.
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In China things are only illegal of you get caught when someone is having a bad day   |
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And you are here to spread the wonders of Bitcoin to those less fortunate? Or it's OK to profit, as long as it isn't too much? Isn't that what everyone is complaining about; they can't earn a Bit while the manipulator does his naughty business? At what point does one become a profiteer instead of savvy investor?
They should make a movie called: "Bitcoin Prices: How I learned to stop stagnating and love The Manipulator". |
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Why do you love gambling so much? I feel bad having created this mess.
If it swings back and forth enough, it's easier to make money because I can just wait for the low point, then wait for the high point. It's when it is stuck at a bad area for a week that I lose money because I pull out not knowing if it will get stuck at a worse place for another week. |
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All this time you spend to make your lunch money could earn you a real salary if you sold trinkets on eBay.
I sell trinkets on eBay and buyers only want the item if it's basically free and a lot do "friendly fraud" to get it free. eBay shut down their livechat, never reads email (even states this in the emails), won't answer the phone, and basically is completely uncontactable by anyone so it's horrible. |
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Ok. With such poignance, I cannot continue. Tomorrow I will let Bitcoin drop to the lower half of $4
Mind moving it somewhere now please? The stagnation is killing me. Either up to $6 or down to $5, please. |
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okay sorry guys didn't mean to cause so much trouble.
Are you the manipulator? Can you make it move more? I want $1 swing each hour. Right now it is dead stuck, no trading at all. |
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When I set a sell order at an amount, it's been around for a while, and then I see a big buy order surpass me by 10 cents and MtGox decides not to have the buy order go to any of the coins I'm selling, I know Gox is doing the manipulation.
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When I place a buy order, I'm simply trying to buy some coins. When 'he' places a buy order, he's doing it to twist the market... Unfairly!
I've been thinking, without him, the market would stagnate. What is useful is to be able to predict his next move. |
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My theory: Today, when the price neared $5, he pumped it up again so he could sell off the coins he bought as a prelude to sending it to the $4s.
I do appreciate his efforts to keep the price from stagnating. Stagnation is horrible!
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