If you think that an ask that is up for 6h with a price differential to all other exchanges of 3-5% and the price continuously bumping against it during this whole timeframe and considering that the price had been in a relatively steep downtrend beforehand, ie lots of nervously waiting money on the sidelines, will not inevitably lead to many people buying into it, then obviously you've never traded this market in any significant capacity, because you do not appreciate the value of reduced slippage combined with a safe entry at least short term.

But keep doubting. It's fuel.

No, the ask was up for many hours, there were many buys and Bitstamp was much lower than other exchanges providing an arbitrage opportunity. It's highly unlikely most of it was bought by the seller himself.

You guys realize people bought 30k BTC @300 on Bitstamp within 24h? To me, evidence is needed to tell that this support should fall, especially when we have had declining selling volume off 418 to 315, which represents a higher low that just shouldn't happen if the bearish momentum was there. This is in addition to the declining asks and rising bid sums.

I have been warning for over a month and harvested only insults and disbelief: that 5th of October was likely a mid term bottom (that much is clear now) and possibly even a long term bottom.

"Please, just once more cheap coins. Soon."

Surely we'll have new lows soon. Just wait.

See one post up. Guy's a complete maniac, I hope he hasn't been hurting himself over this bear market.

5th of October,

never forget.

I am very worried about gold. It's been in 3 years of bear market now. I'm afraid it's going to die.

Because 12 months is an eternity to deluded Shroomsy.

I saw something about the admin having registered the website in his clear name. Seems it's still amateur hour.

Obviously, this is no job for the average nerd. Eventually there'll be markets run by either by mafiosi or by someone with a background in SIGINT. Someone like Satoshi Nakamoto.

Come on, give the FBI their dues. It's a little unfair to compare markets regardless of size. They picked the biggest fish. I'm sure the percentage is over 50% if you go by the amount of buyers, sellers and goods.

If FBI agents are reading this, great work everyone involved! Enjoy the hash!

I'm certain that Bitstamp has done a full investigation of the legal compliance of their manipulative moves (such as this recent one threatening to seize BTC balances unless the criminals buy and withdraw) and that they will be very careful to toe the line.

Again, a declining Bitcoin price on equal volume (and boy, volume has not been equal, it's actually declined along with the price!) brings Bitstamp into trouble because they have a percentage based commission. When things get too shitty, it's "manipulate or die". And this goes for Bitfinex, too.

It's perfectly legal to manipulate Bitcoin prices. There have been no charges against MtGox for manipulation.

You aren't thinking like a criminal. The criminals will just acquire fake IDs, get verified, buy BTC and withdraw.

I actually think this was a manipulative move done by Bitstamp to stop its descent and propel it upwards. I expect many more of such manipulations by hodlers, and inevitably some will succeed, as did Willy.

Hell, Bitstamp probably has a whole folder with detailed emergency procedures of what to do when the price gets too low for them. Remember that at equivalent volume levels in BTC, a declining price means declining profits for them.

Come on man, this forum needs its dose of psilocybin.

How to become a trading pro: Enter position based on gut feeling. Don't have any plan to realize possible gains because you are a long-term hodler after all. Get stuck when tide turns on you, you obviously can't sell anymore because that would mean locking in a loss, thus making you wrong. Start posting frantically about how this is the fault of x and y and z.

Congratulations, you have become a ShroomsKit.