Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
who says wall st guys aren't pushing bitcoin around right now? They could be, but they clearly aren't taking it very seriously. This is the first case of blatant price manipulation i've seen. Yea, people speculated on manipulation during the bubble, but there wasn't anything this obvious. Now look what wall st. did to bonds during (NOT after, DURING, as in, at the start of) bernanke's first speech. Bonds are orders of magnitude larger in market cap than Bitcoin, they can't even be compared. Yet, they pushed it around like this guy is doing to Bitcoin right now. Even if they took Bitcoin a fraction as seriously, Bitcoin would literally be blown to bits. Three guys, each with $1M, and fast computers, playing around together. Thats chump change for wall st, but would completely screw over Goxxian prices to the point where nobody is even sure what the heck is even going on. |
|
|
|
|
Gee, I just realized how crazy this is going to be when/if the ETF launches. If this can be manipulated this easily, you should see how the wall st. guys push around gigantic market cap stocks within like 20 milliseconds just before another wall st. guy announces a downgrade. Bitcoin will get blown to bits the moment those guys even start to take it seriously.
|
|
|
|
|
This is the most funny thing I've seen in ages. Somebody should try to draw a picture with the "ghost bid lines" on bitcoinity.
|
|
|
|
|
Not to be a party pooper but what about log charts, aren't linear charts sort of meaningless for a scaled indicator like this?
|
|
|
|
|
NVM tons of sell market orders lol.
|
|
|
|
|
Awkward:
Short-term (i.e, daily) Trend: Slightly Bullish
Mid-Term Trend (i.e, monthly): Very bearish
Long-Term Trend (i.e, Yearly): Very Bullish
|
|
|
|
Can people please realize that the more/faster people accept bitcoin, the more volatile the price gets as each new acceptance triggers more people buying to spend, and more merchants selling a bit afterward, as well as increased media coverage == more speculators? This means that until Bitcoin's growth is by definition limited by the largest exchange's market depth (in terms of USD, not Bitcoin). Which, in my humble opinion, is actually a good thing, because when bitcoin starts growing way faster than the exchanges you get goxxian fails like we saw just as the bubble popped. Acceptance will come with increased market depth. Which is happening over the long term even if it is a bit shaky:  But in the short term, it really isn't. Until we get back the steady market depth growth rates we were having in early march then we sort of aren't getting what we really need. |
|
|
|
isnt it already tomorrow in some parts?
But if today is tomorrow and tomorrow is today.... THEN WHERE IS YESTERDAY!!!!!!!!! |
|
|
|
Wow this weed from silk road really does work! |
|
|
|
Guyz, do you think we hit bottom and now it's time for a rally? Total trend reversal? Should I buy back in at $72 or I'll be regretting it later?  2 Da Moon?
Courtesy marvinrouge:  (Just in case you forgot) I like the "I short" dude |
|
|
|
Found a new bullish chart pattern, a bounce is pretty clear as of now:  |
|
|
|
|
Is there any actual importance involved with the crossing of the bid/ask sum lines in blockchained, or is it entirely arbitrary.
|
|
|
|
|
let me throw this out there: We are going to bounce off of $80 HARD.
|
|
|
|
I think it is supposed to be the top after the chain fork scare at 50 since that's the only point where it touches a candle wick.
IDK, I freaked out about the fork when it was happening, but it doesn't sound like a particularly important technical point IMO~.~ |
|
|
|
What the heck is that supposed upper bound, its utterly meaningless... Anyways this indicates that the price supposedly doubles every 6 months even if it stays on the lowest trendline? Huh, if I have to wait until we go down to 40-whatever but then we're sure to get $100 in like 8 months and like $200 in a year, I guess I'm k with that. |
|
|
|
Not worried at all during the fork, I bought a lot in fact.
Yeah, I fucked up during the fork, thought it would prematurely pop the bubble. Got really bullish when that didn't happen though. I fucked up big time in the fork. I sold all my coins, and I had bought them all at $15 so I had a ton. Next chance I had to buy was at $90-ish then $110. So then I decided I wouldnt sell coins any more. |
|
|
|
Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong? Now that you mention it, it sounds that way  . Damn, I wish I was around in the studio at that time, would have gladly sold him a bitcoin or two  . Lol, I still don't know why they say they have to 'trust hackers', why not just actually go and read the sourcecode if you actually think that nobody would have pointed something like that out by now its open source for goodness sakes. Also what the heck is it with the term 'hacker' anyway, its like they want to tag him as evil for no reason whatsoever. |
|
|
|
Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong? |
|
|
|
But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.' Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one. Oh, ok. I still think that $57 will be the bottom though. indeed to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7 it was very violent a drop, and it went and touched bottom with the first knife the huge bull trap the slow slide down the rebound above the low of the init. crash now if we only wait a few months, if the pattern hold we be up 1,000%  Haha Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself. |
|
|
|
|
Show Posts
