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I think you guys fail to understand the gravity of the situation.
WU literally could, with extremely little effort, turn every single WU place into the equivalent of a Bitcoin ATM.
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Could be possible, maybe the Winkel Bro's see stability more of a long term financial gain, than daily 10-20% swings and obvious volatility....
Someone clearly is trying to stabilize the price and limit the volatility. Last night someone drops 11k coins (96 down to 87) and puts up 4k ask wall at 88. Clearly trying to push the price down and keep it down. That was all within 20 seconds. Today we break through the 100 wall, another massive coin dump and more ask walls at 100 to deter the bid wall. That's not someone trying to make money or get the most value for their coins. That's someone trying to manipulate the market and keep it under 100. You make a good point. That literally makes no sense. |
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The market changed how?
Bitcoins are not any less useful this week.
Exactly. Bitcoins did not change. THE MARKET changed. The technology underlying the asset does not affect the emotions of traders. We are now in a bear market, which means the trend is DOWN. If someone disagrees with this, I would like to hear what exactly changed between April 15 and today that is getting people so pumped again. I can't see any reasons other than short-term memory and greed. The only reason bitcoin crashed in the first place is to "short-term memory and greed" by that logic. |
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I see increasing regulation on exchanges, not regulation of Bitcoins itself. Otherwise, they may as well try to regulate Magic the Gathering card trade considering it (literally) was traded for fiat like Bitcoins.
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I used to be a huge bull up until the crash.
i.e: It made sense to buy when cost $200, but now that its <$100, its obviously overpriced. |
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What was the open price on 18th (today)?
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A small wall just before $98 just disappeared. In both directions, the market depth is basically meaningless.
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One more thing, since this reminds me of Binary Options, I'd also offer you "touch/no touch" binary shorts: Another common form of binary option that is traded is a touch/no-touch, also called one-touch binary option. In one-touch binary option, if the price of Google's stock (NASDAQ:GOOG) is at $495 and a trader predicts that the stock will "touch" the $500 mark during the trading period he can buy a one-touch option. Once the stock's value "touches" the $500 mark, the trader would immediately earn a 60%–70% gain. Only in this case it would be 100%. I.e: If within 1 hour, bitcoin goes down to $90 (or the like), you'd get twice your "bet." If it doesn't, you lose your bet. |
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I am more than willing to take the bull side since I am searching for leverage. However, the price around which we are betting MUST be the current bid price. Otherwise it is simply not fair. Furthermore, I require either an escrow that we both agree on or you to pay me the BTC (i.e, you trust me), and that if the escrow has fees (obviously I won't charge any) you must pay them. You can in fact trust me, nobody has had any bad experiences with me on this forum. I am willing to do it publicly on this thread so everybody can force me to keep my word. I'm willing to do small amounts over short periods of time at the start to make sure everything is crystal clear and you expose yourself to minimal risk should you choose.
Post here (on this thread, so everyone can see) if you are interested.
EDIT: I'd rather take the short term one TBH, especially since thats what you posted first. More fun if we don't have to wait days and days. Also, you would have to trust me/the escrow for a shorter period of time.
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I believe the sudden unexplicable buying / selling throughout today has been caused by people battling to change the colour, range and fill of the candle on todays daily chart.
They're trying to change it to suit their own agenda.
There appears to have been some frenzied action late yesterday as well but I wan't watching.
The opening price today as reported on the Clark Moody website is $68.49.
Earlier today we saw a series of unexpected huge purchases right off the order books raising the price in total by more than $20 to a high of $98.77799, then it stopped.
Next various ask walls popped up, the largest of which is on $70, right now someone wants to purchase 22529 Bitcoins at $70.xx
Why is that ? I suspect it's solely to protect the closing price, if it closes lower than the opening then it's a red candle.
So in conclusion I'd suggest that the madness today has been a battle between the people who want the candle to be red and those who want it to be green.
A forced green candle at this stage isn't going to be a good thing, whoever's doing this has spent a lot of money and I have no doubt that there's little atruism in their intent.
My prediction : this is a large scale bull trap being laid out before us.
Maybe I'm wrong but that's the way it looks to me.
I don't exactly see how any of this is 'unexplicable.' It may be 'stupid' but it isn't 'inexplicable.' A bunch of people saw BTC going up at an insane rate and decided they wanted in, perpetuating the insane growth rate, until somebody sold big causing it to crash. Fear caused a bunch of others to sell, perpetuating the insane crash, until people decided they liked their Bitcoins cheap and bought up, again too fast, but people are freaked out and start selling, and manipulators want their coins cheap so they attempt to perpetuate this decline, and it crashes again. The manipulators buy their cheap coins, and the price slowly recovers until people try to cash out, by this time everybody is scared so shitless a wall of that size is enough to cause them to sell and the crash/bounce repeats. Its insanely difficult to tell WHEN its crashing or to how low, so a bit of fear is enough to make the speculators sell to try to get out on top. Of course Gox crashing a ton doesn't help the sentiment. This issue will only be fixed when big players get in that want to encourage stability, not large swings, and when exchanges get their act together. Until then it will be a very rocky ride. |
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The entire day the bid has been showing to be higher than the ask on bitcoinity. Is it a bug?
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We seem to currently have the strongest green candle since the slide after the 2011 bubble, when measured from open to high. See the following chart:  thats fun. |
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 Lol what the heck? How can the bid be higher than the ask? |
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Nice trolling though  |
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So, more panic buying as the U.S. wakes up over the next few hours?
-Woke up -Am panic buying |
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schrödingers bitcoin
Yes! MOAR CONFUSING! |
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Honestly, this is the one of the stupidest things I've read in my entire life. |
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