Even deliberate selling to move prices down requires coins. You are putting way too much faith in the integrity of the exchanges and third part wallet services. There is nothing that stops Bitstamp (deliberately or via subversion) from giving sellers infinite paper btc to trade with. They can get away with it as long as most people don't try to withdraw their coins. If they suddenly started making it hard for people to get their bitcoins back, that would be a possible indicator of this. There is also nothing that stops Coinbase from loaning out customer btc deposits to short sellers. We'd never know if they had done so. I really don't understand this... I know you as a reasonable, knowledgeable poster. And, yes, what you describe is a possibility, but so is the claim that the entire 2013 rally was driven by Willy (which I don't believe either, for the record). So why is it so hard to entertain the possibility that we're seeing the breach of the damn as a result of built-up selling pressure? We had a good rally to $680, from there on things started looking difficult, selling pressure was extremely subdued (for a number of reasons, but imo, mainly because the "hodl" mantra actually took hold - no pun intended), but without further fiat inflow and subsequent positive price action, it is only a matter of time before the sell-offs kick in. Or am I being naive for considering this the most likely reason for what we're seeing now? i can't believe people read all the good news and sell. people look at the price and sell... this move is purely manipulative. |
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it would be really cool if you can somehow show the amount Bought vs amount Sold for any given period. we could see that there is as much buying ( if not more ) as there is selling here, i think.... would be very valuable piece of info in times like these. |
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Usually a chart like this is fairly bullish. Very strange, the wave keeps going the other way "against" gravity... its become pretty clear to all whatsup so Mr manipulator is thinking "its now or never" i'm thinking the same thing. BUY! People like us rarely buying, there is some panic sell too. I talked some of my friend who want to sell, but I told them to hold. tell your friends when its becomes a good idea to sell bitcoin, its value will already be 0, so theres no use in thinking about selling. also if you sell a highly volatile highly risky investment when its "crashing" you need to go to the bank and ask them to manage your money for you. |
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bitcoin game over!
do NOT buy bitcoin, bitcoin is going to nowhere but down! buy more lose more! cut loose now!
YES WE KNOW YOU ARE A BIG FAN OF THE MOVIE FOOTLOOSE! Please don't quote him. Even deliberate selling to move prices down requires coins. Sellers must exhaust soon. they have deep pockets, they can accumulate and dump as long as market lets them. right now seems to be working wonders. |
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Usually a chart like this is fairly bullish. Very strange, the wave keeps going the other way "against" gravity... its become pretty clear to all whatsup so Mr manipulator is thinking "its now or never" i'm thinking the same thing. BUY! |
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Anyone momo selling now is quite literally a moron
or poor and manipulated. fuck. |
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seems there not much we can do but watch.
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omg omg omg its CRASSHGING!
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It took me 2 weeks from hearing about bitcoin to owning it.
2 months for me... one to research it thoroughly to find out it wasn't a scam, and another to figure out how to actually obtain some, watching helplessly as the price went from $15 to over $60. Yeah, 2 months is about average to thoroughly research Bitcoin. In fact, I'm still learning tidbits here and there. I remember calling Gavin and theymos at least a couple of times to ask questions. Then wasting another month throwing out low ball bids on OTC that were laughable (embarrassingly low). Finally I said fuck it and plowed into mtgox. it took me ~2-3 weeks as well, is this typical? probably not, most poeple will first be aware of it but not put much thought into it, one day they will hear about it again, do some recreash, think about buying in, forget about it, repeat, actually start saving money to buy, watch market for weeks or months ( everyone thinks they can buy the low if they only sit there long enough ) and then finally buy when its clear that "its going UP!", these poeple comes in waves and they all buy at pretty much the same time, they can't help it, its in there nature, sheeple. |
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+1 The logic is sound, the facts seem to fit, and I agree. so why is price not performing as it should be? as long as their anxiety results in them selling more bitcoins to the deep-pocket investors, the wait continues.
yes, that seems to be the case, I would go one step further and add that the deep-pocket investors are playing with the market, dropping price, leverage hunting, down playing their willingness to buy, all in the hope of adding to that anxiety resulting more bitcoin available on the market for them. no one drops large sums of bitcoin when news is gr8, unless they want to manipulate, and we saw just how effective a well placed large market sell can be, with last nights long squeeze. do you believe there is some manipulation is taking place? how long can they keep this up? how low will they make us go? are their tricks working for you, are you scared, are you selling!? It's a new land, like the Wild West. There are unwritten rules that yet need to be written. honestly i think this manipulation should be allowed. theres nothing stopping anyone from trading against them... as long as there is no nake shorts, i'm ok with it really, i don't like it, but i see no good reason to put rules where none are needed. the market will take care of this itself. |
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+1 The logic is sound, the facts seem to fit, and I agree. so why is price not performing as it should be? as long as their anxiety results in them selling more bitcoins to the deep-pocket investors, the wait continues.
yes, that seems to be the case, I would go one step further and add that the deep-pocket investors are playing with the market, dropping price, leverage hunting, down playing their willingness to buy, all in the hope of adding to that anxiety resulting more bitcoin available on the market for them. no one drops large sums of bitcoin when news is gr8, unless they want to manipulate, and we saw just how effective a well placed large market sell can be, with last nights long squeeze. do you believe there is some manipulation is taking place? how long can they keep this up? how low will they make us go? are their tricks working for you, are you scared, are you selling!? |
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tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.
CHEAP COINS AND PLENTY OF THEM
+1. Buy buy buy!  I was joking about "RIP Bitcoin". I love bitcoin and everyone should know this!!! BUY BITCOINS NOW AND GET RICH IN 3 WEEKS! more like after 3 years of panic hold but anything is possible. i wana see 520 again b4 i sleep. aw its talking to long... |
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tell everyone, people need to know just how unbelievably good the opportunity is, we have some clown pushing prices down for us, hes been doing it for weeks, tell your friends, call your grandmother! tell them everything! the poeple need to know.
CHEAP COINS AND PLENTY OF THEM
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Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
A long squeeze. best explanation i have heard yet. charts seem to agree, you can see bitfinex went lower faster and also bounced faster. this confirms long squeeze. pretty sure the squeeze was manipulated tho... i mean, new eggs, dell, now ebay and paypal, and we drop? ...ya i buy that... Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital......  convinced? i am there is only 1 reason to drop 5K coins in one blow when the news is good... |
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Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
A long squeeze. best explanation i have heard yet. charts seem to agree, you can see bitfinex went lower faster and also bounced faster. this confirms long squeeze. pretty sure the squeeze was manipulated tho... i mean, new eggs, dell, now ebay and paypal, and we drop? ...ya i buy that... Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital...... convinced? i am |
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its been confirmed
we are at war.
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Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.
A long squeeze. best explanation i have heard yet. charts seem to agree, you can see bitfinex went lower faster and also bounced faster. this confirms long squeeze. |
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 its our turn now! make it count. here comes my last 52 dollars! fuck. Yeah dude, I got funds incoming too, I was gonna check in to virtex to see if funds arrived and I got a stupid captcha page, Is virtex under ddos attack? Did they get hacked? Do you get the same thing when you try to log in? i loged in just now no problem on my end try clearing your browser cache and try again. holy shit such walls at 600 on virtex  , i don't care, i'm bidding high cuz i'm pissed off now. also good news everyone i have more then DOUBLE the fiat i thought i had. want some?  Thanks dude, did system reboot and everything is good once again, still a little scary that they didn't trust my machine, guess it's time for a re-format. Once a year whether it needs it or not! vitrex has some hardcore security measures, you won't be able to login from any other computer, without an e-mail verification, i like this. i guess you're bowers was bugging, making their site reject your request. or somthing. |
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Just PM me if you are serious about selling me some at a good price.
thanks.
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My bitcoin has dropped
if you sell it, you can't call it "My bitcoin" anymore, just saying... |
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