Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders? I can see how to fake the volume, but the price... I could buy into that possibility. I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed? If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market. But certainly a possibility.
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere? I'm not even quite sure it's entirely possible, to be brutally honest. But maybe the fact that they're still one of the top exchanges in terms of volume means that their own personal btc price is held in high regards by market traders. It's almost like the mt. gox debacle...everyone was referencing their prices as one of the top exchanges, which never made sense because they were either artificially much higher or much lower than the rest (which screams manipulation). |
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big orders placed then removed just before prices hit them is common practice trading technique. basically a fake out to fool people into thinking price will turn at those points. helps with stop loss hunting. the faker is looking to get better prices on their order.
ofc could just be someone moving their larger order price cos theyre indecisive ;p
No I'm not talking about playing with the order book. I mean centralized exchanges doing fake transactions with fake bitcoins and dollars to manipulate the market aka similiar what MT GOX was doing. I could buy into that possibility. I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed? If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market. But certainly a possibility. |
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Wondering how he gets so many retweets/favs, first time i heard of him, not many of the big industry names follow him. Yet he knew about bitstamp ahead of time. Sticking with ETF positive news prediction, seems like the kinda information someone like him might have gained access to.
Just speculation, but there are tweet follower services which you can pay and they will add thousands of random followers to your account for a small price. I mean 6k followers is decent, but its certainly nowhere near celebrity status. There are a ton of small 'btc pumps' twitter accounts that have more than 2k each, and from the way they tweet, are probably ran by 17 year olds. Yeah i know you can pay for followers, seen that on fiver hehe. But favs and retweets must be trickier, maybe check whos Favorited and retweeted to see the validity. I had a friend that was in the same business as this scam job, pushing cpa ads through hacked or fake facebook and twitter accounts to sell acai weight loss and male supplements. Getting retweets and faves is perhaps the easiest chore. They have programs and scripts nowadays that do all that. The guy must be a frequent reader of the blackhat forums where they indulge in questionable marketing practices. Yep. That is them lol. |
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If bitcoin price is falling that doesn't mean it is dying if there weren't any investors coming in that would mean it is dying. Mining farms being built is good for bitcoin, it means more capital is coming into the bitcoin economy.
The demand is falling, and selling pressure is far outgaining buying volume. Companies can invest in bitcoin, but if they're merchants, it doesn't do anything to help. Merchants themselves could give a damn about bitcoin in its premise...as all they do is cash out to fiat and dump it on the market the second they receive payment. It's simply just another medium for them to ultimately receive fiat and maintain company cash flow...just like a credit card or paypal payment. Mining simply isn't profitable anymore, so there's the second problem. If a lot of miners are forced to drop out the game, then it hurts the blockchain and flow of the technology. But if there's no turnaround in price then there's no way around it, as majority of miners have to cover personal expense and equipment simply isn't cheap. This is going to be a very vital and interesting time for bitcoin. Halving rewards doesn't happen until next year, but the question is...will there be enough buying demand from new individual investors (not merchants) to keep the prices bouyant enough to survive until then? I said it about 2 weeks back, but oftentimes technology only gets a certain window of time to 'make it or break it,' and I believe this is the time that will either make or break bitcoin for good due to public perception, which isn't easily changed for such a new speculative and vital market...especially if most of the news is negative. |
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Wondering how he gets so many retweets/favs, first time i heard of him, not many of the big industry names follow him. Yet he knew about bitstamp ahead of time. Sticking with ETF positive news prediction, seems like the kinda information someone like him might have gained access to.
Just speculation, but there are tweet follower services which you can pay and they will add thousands of random followers to your account for a small price. I mean 6k followers is decent, but its certainly nowhere near celebrity status. There are a ton of small 'btc pumps' twitter accounts that have more than 2k each, and from the way they tweet, are probably ran by 17 year olds. Yeah i know you can pay for followers, seen that on fiver hehe. But favs and retweets must be trickier, maybe check whos Favorited and retweeted to see the validity. I had a friend that was in the same business as this scam job, pushing cpa ads through hacked or fake facebook and twitter accounts to sell acai weight loss and male supplements. Getting retweets and faves is perhaps the easiest chore. They have programs and scripts nowadays that do all that. |
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Wondering how he gets so many retweets/favs, first time i heard of him, not many of the big industry names follow him. Yet he knew about bitstamp ahead of time. Sticking with ETF positive news prediction, seems like the kinda information someone like him might have gained access to.
Just speculation, but there are tweet follower services which you can pay and they will add thousands of random followers to your account for a small price. I mean 6k followers is decent, but its certainly nowhere near celebrity status. There are a ton of small 'btc pumps' twitter accounts that have more than 2k each, and from the way they tweet, are probably ran by 17 year olds. |
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“The 873 Million Dollar Man,” otherwise known as Adam Guerbuez, the Montreal computer whiz and self-confessed internet marketer who was found to have sent millions of unwanted and uninvited solicitations to Facebook users for everything from erectile dysfunction and penis enlargements to marijuana products. Seems like a legit portfolio LOL facepalm. The sad thing is, his moronic followers probably will eat up every word he says and hoard btc believing that everything he says is true. |
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Im gonna put my prediction out there and say its positive news for ETF. Bit license news alone wouldnt be enough to get excited about.
If he says this rollercoaster is nothing, that implies negative news to me...? Let OP be optimistic listening to some 'random guy' on twitter. |
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SidGrip @SidGrip 6h6 hours ago
@AdamGuerbuez Are they going to start shipping people of to the Gulag's for using #bitcoin Lol!?
0 replies 0 retweets 0 favorites
Adam Guerbuez @AdamGuerbuez 6h6 hours ago
@SidGrip Lolzzz Let's just say they have NOT blocked the Biggest Exchange Platforms yet among other pending actions....
I don't trust an arbitrary twitter guy more than the next man. But he appears to be speculating some very bad regulation coming bitcoin's way. At least that's how I'm reading it. If true, then people hoarding now thinking they're getting a steal will be kicking themselves.
He is not saying it will be bad news i dont think, look at image - the tweet below. The image/link in your original post doesn't work. Try tinypic. |
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SidGrip @SidGrip 6h6 hours ago
@AdamGuerbuez Are they going to start shipping people of to the Gulag's for using #bitcoin Lol!?
0 replies 0 retweets 0 favorites
Adam Guerbuez @AdamGuerbuez 6h6 hours ago
@SidGrip Lolzzz Let's just say they have NOT blocked the Biggest Exchange Platforms yet among other pending actions....
I don't trust an arbitrary twitter guy more than the next man. But he appears to be speculating some very bad regulation coming bitcoin's way. At least that's how I'm reading it. If true, then people hoarding now thinking they're getting a steal will be kicking themselves.
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At the moment it is speculative. You can believe in the blockchain technology and still think bitcoin will crash I think.
However, there is a vast amount of infrastructure being built around bitcoin the currency, which adds value (cash stations, merchant integration, etc)
And of course, lurking in the background is the entry of wall street, which would be a game changer imo.
Even with new merchants, the price of bitcoin is still tied to fiat. And it's laughable seeing people arguing this idea. So tell me, if 1 bitcoin = 1 bitcoin is all that matters....then whyaren't you able to walk into a dealership and buy a lamborghini with 1.0 btc? Why can't you go on overstock.com right now and purchase an asus laptop for 0.3 btc? Yeah. Because its purchasing power is forever tied to the U.S. dollar. Assigning a fixed, 1:1 arbitrary value to itself doesn't work in the real world when you want to use it. If its market value keeps dropping (which, this has been one of the first stories I've seen on the national news, which just happens to be the crash of bitcoin price tonight) no new individual investors are going to want to touch it with a 10 foot pole. Lol, why would anyone want to sink money into an ulta volatile ship while it's soaring head first to the bottom of the sea with no sign of rescue? |
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@BITPUMP
Yeah. Sounds like a completely unbiased, reliable source lolol.
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If you are reading this right now and you do not buy bitcoins at this price, you cannot ever complain about early adopters again.
At this price, anyone can be an early adopter right now.
Early adopters got in at the 0.50 to 50 dollar range last time around. At $200, I'd say it's far from a sure bet you'd be on the winning end this time around. But of course it's TO DA MOON everywhere I look on this forum, without any sort of technical analysis or explanation other than 'I believe in this technology!' |
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I'll probably buy back in a little bit when it hits the 50 dollar mark, which should be by the end of this year, if not sooner.
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I don't think public perception will really matter very much, everybody's heard it all before.
Whenever you mention bitcoin to someone that's not into it they always say something like "isn't that the money used to buy drugs with" even when Silk Road went down both times people were still saying this because they didn't know it went down.
I admit this is not good when people say that but it will go away in time when everybody learns the full use of BTC.
Public perception doesn't matter in an open market? lol what. Dude. I don't even know where to begin. I just don't think it matters much everybody's heard it all beforeJust because they've heard it all before, doesn't mean that more constant negative press won't continue to hurt it. Newsflash: bitcoin price has been crashing consistently over the past half year, with no immediate end in sight. Want to know one of the biggest motivators of the crash is? Negative press. Scams, scams, and more scams. If you're fine with the price continually crashing with more bad news, then I guess silk road would be something you'd want to root on. And actually thinking that this new version is somehow more secure and won't eventually be taken down by the government is laughable. Just ask Kim Dot Com how that 'untouchable' mentality works out. |
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thing about BTC is that people have money which is not controlled by the Gov't.
..then you realize there are new taxation laws and they can confiscate it just like any other tangible good if they want. The biggest draws to bitcoin: - fixed inflation - low transfer fees Other than that, there is nothing that sets bitcoin apart from other digital payment methods, be it money orders, paypal, or debit cards. |
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I don't think public perception will really matter very much, everybody's heard it all before.
Whenever you mention bitcoin to someone that's not into it they always say something like "isn't that the money used to buy drugs with" even when Silk Road went down both times people were still saying this because they didn't know it went down.
I admit this is not good when people say that but it will go away in time when everybody learns the full use of BTC.
Public perception doesn't matter in an open market? lol what. Dude. I don't even know where to begin. |
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But Bitcoin seems to hold the same damn P2P utility at $200 as it did at $1000 or $3.
What crash?
Well. Since price of bitcoin means nothing to you, mind sending me a few for free so I can add to this p2p utility? I'll anxiously await your pm, OP...and send you my bitcoin address. Please stand by your word that current market value is meaningless, because a few extra bitcoins my way would really help a ton. Thank you! |
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they are not called "precious Metals" they are called commodities  Bluff one called, where is your bitcoin address to show you are buying these coins Bluff 2 called. just another False Hope puimping poster who is not buying coins but sitting there watching his investment fall to pieces praying to whatever god he uses that people will stop selling their coins. Luckily I am not financially invested in Bitcoin from my pocket, But it pisses me off how the developers are so willigng to let things ike this happen over, and over, and over and over and over. Its bullshit. we need stability, we need certainty, we need something to attracts real investors. and what is goin on now happens all the time and does not help our cause. I believe in bitcoins and I dont care who sell what as far as my money in my procklet goes. I made my ROI a long time ago, But I would love to see something productive in here. I think both the true FUD and the FHP posters need to just shut up we need truth, newcombers need truth not bullshit. I give truth, I tell the real story not some biased bullshit based on my own personal profits in mid. this whole Bitcoin talk community seems to have one thing on your mind YOUR OWN POCKETS. maybe if you guys came together as a team combined your efforts, bitcoin would have had a demand by now. But all the vets in this forum especially sit there talk about how they are buying coins so cheap ( and mind you they are buying nothing just biting their nails as they watch thier investment losing traction and money right now) they act so high and mighty, yet none of them combine forces and investments to secure thier own investment. The best thing bitcoins has going for it right now is the Wilkenvoss brothers trying all they can to get High dollars investors on NASDAQ interested. they have done more work for bitcoins so far than anyone else involved including the devs. Uh lol. Calm down, pare. Don't know why you're calling me out, I simply stated that what you said about the bitcoin mentality on majority of these posts are true. They have no clue about market analysis. The popular public perception of bitcoin is that a good majority is comprised by late teen--> mid 20's adolescent atheist neckbeards looking to 'fight da system.' But sometimes browsing this forum and seeing how incoherent and out of touch with reality many posters are...there might be some validity to those claims. By the way, they are referred to as 'precious metals' by many. Of course they are a commodity...I never said they weren't. I'm just stating that I was in the silver market before I became interested in bitcoin, so the hype euphoria and shilling and shilling mentality are identical. Anyone that does not acknowledge this is, and has been a classic market bubble for the past year and a half are in denial. |
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