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Bitcoin exchanges that are not controlled or regulated could be the major problem for bitcoin's future. Think about it - you need a site, bank account(s) for deposits/withdrawals, decent SW (engine, bots, etc.) and a relatively small amount of coins (for start). Everything else you can fake - volume, trades, transactions between accounts. You (your SW actually) could trade all day, buy/sell thousands of coins for millions of dollars without a single $ spent, push price up or down - wherever you want, and just collect the money/coins that suckers (regular people, investors, traders, speculators, miners, etc.) lost because of your actions.
And that makes me sick
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But is not your concept extremely broad? Would not that mean that every used-car salesmen who pushes a bit too hard is fraudulent?
If he lies about mileage and/or general condition of a car, of course he is a fraudster |
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I love it how you just disregard everything and oversimplify things.
I'll say it again in case you haven't read it: Recognizing something is not the same as identifying its purpose.
Which means NO, I don't see its effects and can automatically extrapolate all the information needed. No one can. What makes you the oracle?? "Then I will help you determine why".. Really??? Where do you get off?? Who made you trader of the century?
"This isn't rocket science." so you must be a multi-millionaire right? right??
I encourage you to use you're amazing foresight skills in other fields: see Cancer, extrapolate, Cancer defeated, profit. See quantum forces, extrapolate, time travel achieved, profit.
I read all of your posts and enjoy them, but this "know it all, EZ mode" attitude I cannot understand. I know you're a intelligent person.
Just answer me this with your most honest point of view: is there manipulation in Bitcoin markets?
a) Yes
b) No
Because that is what it boils down. I don't truly believe you, an intelligent person from what I've seen in your posts, thinks there is NO (and it means NO, not a single shred) manipulation.
Lol. So this secret manipulation, it always works against you? Disregard everything and just answer with a stupid question? You didn't answer my question. I'll take that as "a) Yes, plus I'm too proud to admit it". And it's no secret either, you just choose to blindly ignore and disregard (quite the modus operandi you've got there). Manipulation, yes? Are you talking about someone happily selling to a happy buyer? Or are you talking about someone happily buying from a happy seller? Yes, but happy buyer and happy seller are probably the same person/company/bot. Or are you talking about someone using fraud or violence to aquire coins or fiat?
No violence, but fraud yes. If you pump/dump coins (or even fake volume and trades) for financial gain, then you are defrauding honest traders. Maybe you are talking about trading for the effect, like selling a lot to lower the price, then take advantage of that? Well that may be forbidden in some markets, but not with bitcoin, and we don't want it to be.
Maybe you don't want it to be, but i do. |
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Does anyone else think this rise is lacking significant volume?
Ever since 18 November, the only time that there is above average volume is when it is selling off. All the buying is being done by stealth, one coin at a time. Or through back-room deals off-exchange... But that wouldn't cause the price to go up... |
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Actually BTC is stupid and slow way to gamble, almost everything else is much more tempting
At 0300 in your PJ's? Yup, eg. online poker, roulette, or my favourite - spread/handicap betting (50% chance, usually 85% profit) |
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You know, the Chinese are probably speculating as much about us as we about them.  Likely to be true. I've lived in what used to be called 'the Far East' and visited Hong Kong and some of the other places, including what was once called 'IndoChina'. At the risk of painting a very large portion of our planetary populace with an overly large brush, most of the Asians I have had contact with love to gamble. BTC is a fun way for them to gamble. Actually BTC is stupid and slow way to gamble, almost everything else is much more tempting |
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Enough with the voodoo and doing lines off a chart. It would be much more effective to do some digging and find out fundamentals like:
1. Is huobi legit and not a fake pump with mostly fake volume.
2. How many actual btc are entering huobi and getting bought up by new investors.
3. How much new fiat is entering chinese exchanges.
4. If/when the Chinese government will crack down on the latest evasion of their rules.
By the way litecoin is coincidentally being pumped starting last night, due to sudden volume on okcoin, a chinese exchange which has been found to have fake volume...
1. why would they be? 2. don't know, see 1. 3. same as 2. 4. probably in a week or so |
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There's no reason why it's impossible we can keep going up, the trend needs to be broken at some point. A few weeks back lots of people were saying that a major retailer adopting bitcoin was the thing that was needed for higher prices. Now it's happened, but everyone is still reeling from China and expecting impending doom.
What happened? Overstock will accept bitcoin, not exactly eBay or Amazon, but it's making news in the US. Aha, so they will accept (next year), maybe. You said 'it's happened' (already) and that's not the same, ergo irrelevant 'till it happens |
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There's no reason why it's impossible we can keep going up, the trend needs to be broken at some point. A few weeks back lots of people were saying that a major retailer adopting bitcoin was the thing that was needed for higher prices. Now it's happened, but everyone is still reeling from China and expecting impending doom.
What happened? |
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Can they withdraw (to chinese bank acc) from another exchange at all?
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I rode that bump from 600-640 (BTCE) but am mostly out again. I don't know what the hell is going on.  Bots took over, that's what's going on |
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 bots = trolls |
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Don't have to be verified to deposit btc.
But have to be to withdraw (and that's the goal) |
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Bots (and their patterns) will take over the world...  |
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Wonder what is causing the selling.
Fear of what will happen when China wakes???
It is 9:00 am in China, is that bank opening time? Cybercafe opening time? Trade volume on BTC-China spiked and price fell sharply by 100-150 CNY. It's naive to think that regular people owns majority of coins there... |
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It's not gonna happen, 3rd party processors are forbidden. At best they will end up in jail |
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There are still cheap coins left in China
Would love to buy in China but I don't have an account or any fiat there so... impossible! many cheap coins in China = cheap coins everywhere = this is not over yet |
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