there is no strategy to accomplish that - just be already rich as fuck (multi to 8figure millionaire or more already) - if you are , you already are a whale , just not participating in btc , if you aren't you aren't and won't ever be - as far as software and what exchange(s) to use , if you are a whale you don't need any special TA software you just force the market where you decide to and rape profits out of people , and as for exchange i'd go with one native to my country of origin ideally , as you'd have a better chance legally speaking if they decide to run off with a million bucks of your funding - if you're in the U.S Gemini is the safest exchange from a regulatory perspective , followed probably by Coinbase and Bitstamp - most altcoins do not have needed market depth to make any significant regular gains on with "whale" level funding most have total market caps far less than a million $
If he wants to become a whale on Gemini he wouldn't need 10k Bitcoins. A 200 Bitcoin pump on there is a big deal. He could pump and dump the whole Gemini market with 1k Bitcoins. I doubt the biggest whale trading there owns 10k Bitcoins, and I don't think the Winks are allowed to trade on their own exchange due to all the regulations it has to abide by. |
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If you look at the Bitfinex charts last January had far more Bitcoins traded than this rally. Some people said that volume proved that capitulation was over, and the bottom was in. Bitstamp shows slightly less volume than January, but averaged out across all exchanges we haven't had January's volume yet.
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I hope this gets hugely popular in this forum, pirateat40s ponzi did, despite that (uh time to gloat) I called it a "classical hyip scam" at the first post after OP.
This guy has a very impressive, er, track record that's publicly accessible to anyone. Anyone who goes for it deserves to be goosed. I wasn't around for the pirateat40 thing but let's hope people on here are a teensy bit wiser these days. I wouldn't want to bet on it though. A post in this thread suggests that pirateat40 invested all the coins sent to him in the MMM Ponzi. Another poster quickly dismisses the suggestion, but perhaps pirateat40 was an innocent-ish patsy, and the real culprit for stealing all those coins was the MMM Ponzi scheme. https://bitcointalk.org/index.php?topic=77276.0 |
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No auctions so far have had any effect on price. If anything, auctions allow whales to get in and then the whales try to manipulate the market upwards, but there's no way to know what they're doing.
I wonder if there's any crossover between previous and future auction bidders and anyone who plays on the current exchanges. I would've thought they'd be quite a separate crowd. A syndicate of little guys won most of one auction's coins. They might also trade on the current exchanges. The whales who won the rest of the auctions are unlikely to trade on them. OTC markets would probably be their preferred way of trading. |
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lol  Where can I view the original of that OKcoin chart? The Bitfinex shorts/longs information is displayed in a way that confuses me. That chart is far easier to understand, and a much clearer way of presenting the data. Are there similar charts for other exchanges? |
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The Fed's auction is in four days, will it move the price up, or down, or make no difference?
I think a high number of bidders could move the price up, and a lack luster number of bidders could move the price down. Have any of the previous bidders like Tim Draper, or any of the syndicates said they will be bidding yet? There hasn't been much discussion about it in the mainstream media.
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When I look at bitcoin chart I see it is impossible to make speculations that the price will not go down 300 again because it moves so fast and suddenly
The fed's auction is in four days time and I feel it will start more rallying, or start a crash. I can't speculate on if the price will go up or down, but I think there will be a fast, sudden movement after the auction. The number of auction bidders might give a clue on how it will affect the price. |
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Sometimes being forced to wait is the best thing that could have happened to you, although it feels terrible at the time. I thought I had missed opportunities because I had to wait a few days, but I found I was better off in the long run. Waiting got me a better deal, and waiting longer would have got me a much better deal, but I impatiently traded as soon as I was able.
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I doubt this alone has created the price rise.
A lot has probably to do with other people entering as they have FOMO.
look at litecoin ponzi. Price went from 1.5 to 8 USD before settling at 3 USD, which means that it has doubled as effect of the ponzi that caused others to enter. Not too bad right?
Wasn't Litecoin at 1.5 dollars when Bitcoin had crashed to $150, then settled in the low $200s? All the alts are priced in Bitcoin, and when it goes up so do they. The Ponzi may have helped Litecoin, but it's not more than doubled in price solely because of it. I hope we don't get a Bitcoin crash like the Litecoin crash after its Ponzi collapsed. |
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Price is now hovering around or slightly above $300 on BTC-e.com, dipped below that number several times however in the last few hours with a minimum of $296. Still has to be seen if the price really goes down in the coming days ...
Why the hell you're looking at BTC-e?! Check stamp, Finex and Coinbase.These are the relevant ones for USD price. Well, its kind of a habit. Plus I've got some money on there. But on the plus side; I've refrained visiting Cryptsy since january 2014, so there's actually progress ... ! I look at all the biggest exchange's prices at the same time using the Coindesk chart. Each exchange gets its own colored line, and you can see the huge differences in prices between them. Sometimes it has glitches and shows things that didn't happen, but it's reliable most of the time. That spike down on Coinbase is probably a glitch because it doesn't show on other charts. http://www.coindesk.com/price/ |
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The volumes on Okcoin and Huobi right now are unusually high for this time of night.
Plenty of Chinese bitcoiners will be starting work exhausted on Monday morning after a night with no sleep. I feel for them because I have stayed awake all night before now because of Bitcoin trading, then had to go out and face another day exhausted. At critical times Bitcoin trading goes on 24 hours a day. |
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Congrats to them! I hope every bitcoin exchange around the world doubles their previous all time highs soon! It should happen fairly soon with the way bitcoin has been moving lately.
Its not that good. BTC exchange is taxed like 30%, so its not even worth for my Brazilian friend to sell the BTC to FIAT. He has to spend it. But he still get raped on import tax which is completely ludicrous. So cool we all got a price increase, but the Brazilians are still boned... Do the lucky ones who live near a border with another more Bitcoin friendly country make trips there to buy Bitcoins, then smuggle them back to Brazil and sell them for VAT free fiat profit? Is bringing Bitcoins without declaring them classed as smuggling in Brazil, and are you supposed to pay tax on face to face sales? |
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They tried openly getting it through a few times. Now that's failed they will probably try to sneak it in without anyone noticing. It could work if they do it gradually and disguise any new legislation as if it's for something completely unrelated to snooping. They will just get it in through the back door.
How would they do it? There've already been cases in the US like Apple telling the authorities they couldn't let them into encrypted stuff even if they wanted to. I think the government may finally have listened to the people they pay to actually tell them useful facts. Perhaps you're right, I don't know how they would do it, but they have clever people working for them who must be considering it. Just because I can't think of a sneaky way of doing it doesn't mean they can't. |
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There's an old thread from 2012 advertising an MMM ponzi scheme by the same guy. He was trying to get this thing started on bitcointalk three years ago but Bitcoin wasn't worth as much then. Over half the posts in the thread are by the OP, and not many users fell for it. An earlier Ponzi had collapsed, then someone tried to restart it in 2012. How many times can it collapse before people stop falling for it? https://bitcointalk.org/index.php?topic=77276.0This just restarted as MMM-2012. Polish cell is in progress moving deposits of MMM-2011 to MMM-2012. |
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I wouldn't be surprised if pretty much everything coming from any Bitcoin exchange ticker is manipulated by the operators and I think short of raiding the servers of these "companies" there is nothing that can be used as concrete indicator for either possibility.
Maybe not even then... I wonder if the Japanese police has got a clear picture of what happened to the 600 kBTC that disappeared from MtGOX. The crimes that they have charged Mark with so far do not shed light on that question. The police don't comment on any ongoing investigations, and it can appear they are getting nowhere because of it. They can't give the game away if they are getting somewhere, but need to gather more evidence. They already have enough to charge him with embezzling fiat, and they could be close to getting enough evidence to charge him with stealing Bitcoins. |
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I get the impression the idea is to try passing as much authoritarian legislation as possible before they get thrown out. I'm sure we'll be revisiting this issue again in the not-too-distant future. They'll probably bundle it in with TTIP and try again with that. Vile, devious parasites. They tried openly getting it through a few times. Now that's failed they will probably try to sneak it in without anyone noticing. It could work if they do it gradually and disguise any new legislation as if it's for something completely unrelated to snooping. They will just get it in through the back door. |
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If this is the start of a new downtrend then the 11 (3.5%) minority of voters in the poll who said 290 would be the top were right if you go by Bitstamp prices, and not China prices. I knew the option with the lowest number of votes frequently is the right option, but I thought it would be over 300 by now regardless.
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When are the next big BTC auctions? I can't wait for this crash  Gonna be lovely. A beautiful disaster. We could see a floor sub $200 again. This is the last one for the US gov. The Australian gov has 20k something coins to sell though. The big dagger hanging over our heads is really the 200k gox coins that need to be sold or returned to the victims. I'm sure a percentage of those people will be market selling and dusting their hands of the whole thing. I'm sure, and maybe you are to, that you are speculating beyond any reasonable basis in reality. It makes little to no sense to assume that once the 200k gox coins are liberated back into the bitcoin space (in other words put back on the btc market in the hands of various individuals that those individuals are going to, enmasse, decide to dump the coins, or a large majority of the coins). Your prediction makes little to no sense, if it were to employ actual logic and a morsel of thinking.  Don't you know how bankruptcies work? The lawyers get paid FIRST. There is very little other than those coins to distribute. Creditors and claimants will get almost nothing. Those coins will be SOLD almost entirely to pay the lawyers. The lawyers have delegated the task of finding out what happened to the disappeared Bitcoins to Deloitte Touche. That company will charge a fortune for any work it does, and after months of investigating no doubt say it can't find out where the Bitcoins went. The lawyers fees combined with Deloitte Touche's fees will eat a big hole in the available funds. |
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