The manipulator's tactic is specially designed for people like you. |
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Next day or two will be fun.
That was a lot! Thanks!  |
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i just manged to sell over 20TC at 25.5
Hope you can get your order in fast enough, almost back up to 25.5 it was crazy i place a bid some 5 mins later 10 bidders out bid me. I'm totally getting squeezed out  Man, didn't think we would shoot back that high that fast!
Kind of makes you think that there may be a LOT of USD sitting on Gox off the bid mountain. There's also a lot of BTC sitting in Gox off the ask mountain as well. There's a whole lot. Notice that as tens of thousands of bitcoins were getting sold, total number of BTCs on the sell side of the order book didn't change much at all. Those BTCs weren't from the standing sell orders, they were from the people keeping their BTCs off the book, and there's a lot more where that came from. Learning to read technical indicators will make you a better bearish troll, we could estimate how many BTCs are purchased above what price, yeah, there are ways to do that. |
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The bears actually did quite good this time, but unfortunately, they were not able to nail it.
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The days of "fun" maybe not over yet. Over the last 1.5 hours, more than 15K BTC of ammunition is spent on fighting over a small piece of turf around $26.
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So Mr. Loaded just wake up?  |
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No correction?  Did you see that skyrocketing, record-breaking volume daily red candle, in dollars? If that was not a correction, I don't know what is, and yet, it happened in the past month. |
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the manipulator aspect doesn't have to be significant; all we need is a steady flow of new demand/new users which I think we can see on this site. The fact that we rose so fast after a lot of us though we would see a correction and thus sold too early; first we are oversold; second we are 'learned' from this experience to wait till the full top which itself is a 'self fulfilling prophecy.' Last the psychological point to beat the last all time high of around $30 is another driving factor to people holding off selling. Demand: http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=qWe are not moving fast, we are moving way slower than it should have been, the rally is deliberately slowed down, to make it sustain longer, to prevent it from turning into a bubble. Unlike the explosion last time, this time when the reaction core got probably too hot, controlling rods were inserted to make it cool down a bit, freak out some weak hands a bit, and so on, we have seen it several times. Someone with deep pockets and great skills maybe in control, if they want they could have wiped the mere 20000 BTC separating us from $30 long ago, but it's not in their best interest to do so. That was what I said. |
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Loaded was right, the next couple of days might be very interesting to watch...
I'm gonna start stalking the guy...and buying when he posts, think hes predicted/announced every spike so far. I can't watch.  He may just used proudhon as a contrary indicator.  |
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*wants it to drop to 10 buy a ton more
Yeah, that's the problem here - real bears are all but extinct, everyone who wishes the price to fall just wants to buy in with more fiat... With sentiment like that, it's hard to see that a sustainable downturn is even possible at the moment... Small bears are bullied(pun intended), big bears not willing to help out yet. |
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so.....................we got a 24.7 wall
twenty four seven
The wall maker is trying to tell you:"Stop watching the price 24/7, take a break!" |
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It seems there is a repeating pattern: 1. Resistance for 4-7 days 2. Going up for 2-4 days 3. Last resistance becoming new support Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that  We need to pull out of this cycle immediately, the RSI is looking more and more unnerving. It's called the pennant formation. Very healthy. I was talking about the RSI, which looks like a failure swing. Sorry, I meant to only quote the top part. I know little about the RSI. Want to tell me about it? Check this http://www.investopedia.com/articles/technical/03/042203.asp#axzz2KeSkXQrf and the wikipedia RSI page, besides, when RSI is above 70 the market is considered "overbought", and staying overbought for too long is not funny. In some sense, we have already survived one failure swing though, the $18 line did not fall. |
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It seems there is a repeating pattern: 1. Resistance for 4-7 days 2. Going up for 2-4 days 3. Last resistance becoming new support Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that We need to pull out of this cycle immediately, the RSI is looking more and more unnerving. It's called the pennant formation. Very healthy. I was talking about the RSI, which looks like a failure swing. |
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It seems there is a repeating pattern: 1. Resistance for 4-7 days 2. Going up for 2-4 days 3. Last resistance becoming new support Now we meet another resistance at $24. If the pattern holds, we will not reach $25 before Wednesday and we may test the $21 support before that We need to pull out of this cycle immediately, the RSI is looking more and more unnerving. |
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Greed.
This is like saying nothing. |
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The top, we finally found it! Yes!?  Don't you think that calling yearly tops in early february is a bit silly? He did it once in 2012 already, $7.22 was his 2012 top. |
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Ah, I see, you only registered on August of 2012, so you probably have no idea how this market was in the past rampantly manipulated by just one or two single entities, more than once? If so ask most of the people here and they will tell you. I've followed the market sporadically since the beginning of 2011. So no, i have no idea of how 2 or 3 individuals could spend 100 million dollars to manipulate the price (doubling the bitcoin value in 2 months). But i won't argue with it, i will just (not) invest basing on my toughs, we are free to do whatever we want  Oh, I did not say the rally was generated by the manipulator himself, but I think he is fully capable to slow it down quite a bit, and as you know he could certainly be selling and buying at nearly the same time, sorry for the confusion if there is any. |
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I'm not, but I suggest everyone not to buy at this level. By getting burned I mean buying now before the crash. We might even hit 50, but we will see a crash that will lead us under 20$, I'm quite sure of it.
What I don't agree with you is that you think that the market to be runned by some "speculators" that are in your opinion driving the price "where it should be".
There is nothing of more false and more dangerous than this!
The speculators are nothing more than us, the market. We are creating a lack of offer and driving the price up. Until people like you belive that this is something that is happening above us, the price will keep rising because it looks like normal, the truth is that we are loading a big bubble. This is not a change driven by fondamentals, it's a rally and a bubble.
Good luck with your investments.
Ah, I see, you only registered on August of 2012, so you probably have no idea how this market was in the past rampantly manipulated by just one or two single entities, more than once? If so ask most of the people here and they will tell you. While I generally agree with what you said when it comes to general investment(what I stated above has nothing to do with my own strategy), this market is way too small for that to apply word by word I guess. Besides, no one is going to take things posted here seriously, relax. |
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the manipulator aspect doesn't have to be significant; all we need is a steady flow of new demand/new users which I think we can see on this site. The fact that we rose so fast after a lot of us though we would see a correction and thus sold too early; first we are oversold; second we are 'learned' from this experience to wait till the full top which itself is a 'self fulfilling prophecy.' Last the psychological point to beat the last all time high of around $30 is another driving factor to people holding off selling. Demand: http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=qWe are not moving fast, we are moving way slower than it should have been, the rally is deliberately slowed down, to make it sustain longer, to prevent it from turning into a bubble. Unlike the explosion last time, this time when the reaction core got probably too hot, controlling rods were inserted to make it cool down a bit, freak out some weak hands a bit, and so on, we have seen it several times. Someone with deep pockets and great skills maybe in control, if they want they could have wiped the mere 20000 BTC separating us from $30 long ago, but it's not in their best interest to do so. When you will get burned you will tell me. Thanks, but no need to worry about me. I got plenty of both, when the price comes down I'll just throw in my fiats to buy more. Unless you are one of those daydreaming bears waiting for the $2 BTC, who knows. |
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the manipulator aspect doesn't have to be significant; all we need is a steady flow of new demand/new users which I think we can see on this site. The fact that we rose so fast after a lot of us though we would see a correction and thus sold too early; first we are oversold; second we are 'learned' from this experience to wait till the full top which itself is a 'self fulfilling prophecy.' Last the psychological point to beat the last all time high of around $30 is another driving factor to people holding off selling. Demand: http://www.google.com/trends/explore#q=buy%20bitcoins&date=1%2F2011%2025m&cmpt=qWe are not moving fast, we are moving way slower than it should have been, the rally is deliberately slowed down, to make it sustain longer, to prevent it from turning into a bubble. Unlike the explosion last time, this time when the reaction core got probably too hot, controlling rods were inserted to make it cool down a bit, freak out some weak hands a bit, and so on, we have seen it several times. Someone with deep pockets and great skills maybe in control, if they want they could have wiped the mere 20000 BTC separating us from $30 long ago, but it's not in their best interest to do so. |
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