Well join the club the only reason i am in the black is because of complete and utter luck.
I do feel like ignoring Stamps charts though. I think Huobi is in charge. Granted it might all be pyramid scheming, big mining warlocks that are kicking the price around, but Huobi took us to $500 and frankly it is China that will take us beyond $500 again.
Stamp has driven the market down all the way from the $505 top, and with the recent 'retest', and frankly threat of another crash, Stamp revealed itself for what it is. A whale market manipulation platform. Price crashes through pencil thin Bid walls, other exchanges follow, as panic sellers start firing chunks of BTC into solid and persistent Bid Walls on the other exchanges....that'll be the Whales loading up their lorries. I hope they all die of cancer. Even now, something like 168 BTC between $320 and $300 on Stamp. Fucking ridiculous. ... the bearswamp has been a cesspit since around June 2014. Sooner it dies in a fiery death of lies and hacking the better. |
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stamps walls keep getting bigger and bigger and bigger
Not being a trader what does that mean? likely it means there are algorithms placing phantom orders at a faster rate than usual. Therefore a small pump then dump? non-trader huh? |
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stamps walls keep getting bigger and bigger and bigger
Not being a trader what does that mean? likely it means there are algorithms placing phantom orders at a faster rate than usual. |
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it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.
Bitcoin is not some securities. You'd still be in full control of the ones you own. 21m cap and high network security is the deal, the rest is noise so just let the maniacs do what they always do. didn't the SEC recently (and CFTC previously) both claim they had some jurisdiction over bitcoin trading in USA? Pretty sure a pump 'n dump is securities fraud. But, yeah I agree it is a lot of noise in the big scheme ... but still interesting to note how thoroughly corrupt and rotten Wall Street is and now they are here inside bitcoin with their usual scumbag criminality, just shows what total fraudulent joke BitLicense was. |
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it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.
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... and just like that all the mainstream media bitcoin-pump articles stopped, like magic.
Price-perception manipulation, TA analysis tool price-targetting, HFT, leveraged derivatives, say hello to Wall St. guys this is what you asked for.
I know people like to conceptualize the swings as "pump and dumps", but reality is probably a bit more complex, and, yes, professional algorithmic trading likely plays a large part in this. Not sure that's a bad thing though, per se: it makes (private, "retail") trading more challenging, though not impossible, but that's a sign of a maturing market as well, isn't it? The uncontested "bubble run-ups" (that went on for weeks or months) are maybe a thing of the past then, but again: how is that bad? The market is evolving, and that is (imo) more exciting than depressing. anything that smells like a rigged market with incredibly volatile moves that only benefit the rich and powerful is dead on arrival for mainstreet ... maybe that's exactly what Wall St. wants with bitcoin (same as they did with gold and silver)? Let the financial crisis come, bails in and out, neg interest rates, credit bubbles pop and domestic markets collapse. Now is a great time to catch some cheap BTC. Thx WS. there will be no more financial crises, only endless stagnation into a slow-march-downwards economic decline, not unlike Soviet or socialist economies (for basically the same reasons). The central banks have essentially nationalised the entire global credit markets and are socialising the massive risks/losses onto the national currencies. No collapse, just endless decline (in real terms). |
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... and just like that all the mainstream media bitcoin-pump articles stopped, like magic.
Price-perception manipulation, TA analysis tool price-targetting, HFT, leveraged derivatives, say hello to Wall St. guys this is what you asked for.
I know people like to conceptualize the swings as "pump and dumps", but reality is probably a bit more complex, and, yes, professional algorithmic trading likely plays a large part in this. Not sure that's a bad thing though, per se: it makes (private, "retail") trading more challenging, though not impossible, but that's a sign of a maturing market as well, isn't it? The uncontested "bubble run-ups" (that went on for weeks or months) are maybe a thing of the past then, but again: how is that bad? The market is evolving, and that is (imo) more exciting than depressing. anything that smells like a rigged market with incredibly volatile moves that only benefit the rich and powerful is dead on arrival for mainstreet ... maybe that's exactly what Wall St. wants with bitcoin (same as they did with gold and silver)? |
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Do you guys think bigblockism is related to the increased number of mainstream statists in the community? I think the overlap is large. https://archive.is/UE8qfhmmm, i thought the correlation was obvious from when it first became "a thing" |
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any geniuses left to dump it to 305 once more?
endless trolls to dump on anything that moves up ... ya think they might have learned by now pullback confirmed healthy, looks like upsy daisy time again. |
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I went against my will of holding forever and sold at $320. Question is, buy now or wait for sub $300?
Wait. This race to $300 ain't stopping anytime soon. In all my years trading I have won some and lost a lot, but I never won when I waited for everyone to agree on when to buy and sell. If you are doing what everyone else is doing you are probably screwed. True. But your screwed if you do and screwed if you don't. Maybe I will sit this one out. It is making me dizzy.  lesson from today? ... don't drink supersize vanilla milkshake before riding the rollercoaster  |
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feel good shorts?  whiplashed yet? |
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sub-300 coinz pls?  |
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<> It's bitcoin's niche, that's for sure. Did you know that it's not just for shitty overpriced drugs and CP anymore? Sure! Why, CryptoWall alone has raised over $325 million in bitcoin, and now even real-life kidnappers have taken a fancy to our coin of choice! Onward and upward!  Just hope all the criminals won't be too pissed at us, with the price crashing the way it is. Don't wanna cause a panic, but won't lie, getting a little scared. the biggest criminal activity on the planet is Wall St. bankster bailouts ... next stop they start making untraceable bankster criminal bailouts in bitcoin |
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criminals are naturally attracted to the best forms of money ... Wall St. is going to be all over it like flies on shite.
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http://www.bloomberg.com/news/articles/2015-11-10/hackers-accused-by-u-s-of-targeting-top-banks-mutual-fundshacking the system hackers Two indictments, unsealed Tuesday, tied three of four suspects to previously reported hacks of JPMorgan Chase & Co., E*Trade Financial Corp., Scottrade Financial Services Inc. and Dow Jones & Co., a unit of News Corp.
Hackers and conspirators in more than a dozen countries generated hundreds of millions of dollars in illicit proceeds om pump-and-dump stock schemes and particularly lucrative online gambling, prosecutors said.
The global network, with 100 employees and co-conspirators, stretched from Israel to the U.S., with a dozen online casinos and payments that ran through Cyprus, Azerbaijan and Switzerland.
The co-conspirators deceived financial institutions into processing and authorizing payments to and from the casino companies and others, prosecutors wrote in their latest indictment of Gery Shalon, Joshua Aaron and Ziv Orenstein, who they say are at the center of the scheme. Shalon and Orenstein were arrested in Israel in July. Aaron remains at large.
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... and just like that all the mainstream media bitcoin-pump articles stopped, like magic.
Price-perception manipulation, TA analysis tool price-targetting, HFT, leveraged derivatives, say hello to Wall St. guys this is what you asked for.
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...
Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.
And, knowing that, you still chose to trade BTC, and even rely on TA to rationalize your trades @marcus_of_augustus: he gets paid by the same TLAs I do. loser ... I heard VCs and Banks are paying much better these days. |
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BillyJoeAllen are you taking payments from any other people, organisations or entities to shill/push various positions, opinions on these boards?
hahahahaha Would he admit it if it were true?  I want to see him deny it ... and then watch what happens  |
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it's my belief that Jamie Dimon is being dishonest and is actually accumulating bitcoin
yep, most likely talking his book ... shorting, then accumulating. Notice his "announcement" came right at the time to blow the top of the wave. |
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