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I think we must forget about price back to 1200 it's time for wake up from your dream. Bitcoin is never again reach to $1200
additional note: when you see one price on exchange A at $300 and on exchange B at $270 ... of course you would want to buy the bitcoins at EXCHANGE B for $270 and sell it higher at EXCHANGE A for $300 so that's how prices are influenced at different exchanges ...
I never see range price too deep like that, the best range is $5-$7 at different exchanges Really?? .. recently Chinese bitcoin exchanges were like 30--60$ usd higher than the USD exchanges ... pretty crazy case of arbitrage there =] (cny exchanges were $350 usd and ... usd exchanges were $290-$300 per bitcoin) |
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a bot that was a small percentage of MtGox's volume, could really single-handedly incite an entire bubble when there were at least 2 or 3 other similarly sized exchanges?
There were and still are MULTIPLE bots on the exchanges til this day... on bitstamp/bitfinex you'll see 50 btc blocks of bid orders being added and removed every few seconds blinking in and out of price ranges ... sidenote: review the links about mtgox trade forensic analysis of it ... Also at the time bitstamp and btce were playing "catch up" to mtgox's higher pricing ... which is why they had a higher percentage of the "market volume" because of manipulation and pooling of users ... additional note: when you see one price on exchange A at $300 and on exchange B at $270 ... of course you would want to buy the bitcoins at EXCHANGE B for $270 and sell it higher at EXCHANGE A for $300 so that's how prices are influenced at different exchanges ... Additional side note: It's called an arbitrage equilibrium... where when supply on one route is listed at a lesser price and the demand on another route has a higher listed price meaning those prices have to meet at some point "catching up" to the appropriate levels... ALSO to roadbits since you had asked the question of "how it could really single-handedly... incite a bubble at '2-3' other similarly sized exchanges" ... well now you know and since you failed to understand that prior you must be one of those that are unacknowledged of actual financial assets =/ please take that time to actually learn about the validity of an asset etc.. |
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I think you misunderstood the meaning of my words , .... and there were days during the pump and manipulation where MTGOX's market volume was above 70% and take the time to look at historical data of exchange volumes....
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 The historical data for mtgox has been archived somewhere but here is a chart of the volume data ... and the 70-80% market share was active during the death spiral of MTGox itself ... after "withdrawls" were being held was when they saw the most drastic changes in their daily volume and epople started switching over immediately... but some didn't as other exchanges had lower volume , liquidity , and prices... Additional source on the manipulation http://bitcoin.stamen.com/ |
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There are a ton of speculative theories on Willy's purpose, but it's basically impossible to know ,even if there was a bot, it's highly unlikely that it was solely responsible for the rise in price.
To Foxbitcoin Sigh.... its the mass's and mass's of people like you that are uneducated and unwilling to do the research that makes the understanding of bitcoin really difficult ... Like the blind leading the blind (uneducated leading the uneducated) ... leads to more misunderstandings...... here are a few articles on the topic of WILLY BOT and other manipulation trades .... https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/Sidenote: take the time to actually learn more about the reason why bitcoin reached 1200$/btc in the first place and the realization that bitcoin is a contract(commodity) / non tangible asset account which is used to transact between the exchange of a good and currency not currency itself ... look through my past posts to read more into it... Addition: to Cconvert2G36 , in some part yes it did bring in the "lemmings" that decide to jump off the cliff with the crowd fueled "hype" towards $1200 ... but it was mostly due in part to WILLY BOT and other manipulation since there was approximately addition of thousands of "investors" that poured in their money into bitcoin. Addition: to gentlemand You are correct Mtgox WAS THE BIGGEST player... by a FAR FAR FAR MARGIN ... at the time they had a market grasp of atleast 70-80% at the time of the markets volume of trades if not even more at the hype due to "willy bot and manipulated trades" |
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Mickeyb, did you just read the first post and decide to yourself that... that post was the best to fit your brain's directive thinking and should be the basis for your response?? and then to comment with something that doesn't make any sense to his post of "1 million doesnt equate to 10-1200 2013"  I did clarify on the basics of Mark Karpeles changing the accounting in the system to generate additional PHANTOM assets by adding a few 0's to the end of an account and in doing so he created $1,000,000+ in extra phantom assets... also including the fact of WILLY BOT...
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To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ... they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments .... Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2 Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ... that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water. I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
5% of bitcoins lost every year? Where did you get the number from? take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ... here are some articles for you:http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.htmlhttps://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoinsSide note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are... no you can't simply trust random source and say they are right, at present there is no good way to determinate how many coins are lost each year and surely not in such a precisely way, like you said 5%... there is only a roughly estimate about that numbers, which is probably wrong by a long shot, and anyway the lost coins will not affect the market so much, as many think, a 50% loss will equated a 100% more price nothing more so 30% loss is equal to a less than +50% in price  ^^^^^^^Addition: Knowing how lazy many of you are to read the article here is one of the many charts.AMPH, You litterally didn't even read through the ARTICLE ....How I can tell ... because if you did then you can tell that by using statistics and date/data analysis of wallets and "inactive vs active accounts" using a regression charts back to 2010 and before then ... and from there you can extrapolate from that data... if you had any brains to understand metrics and data you would be able to understand the concept. But I can tell that from your past post that you are full bullish for bitcoin and have this cover of wool over your eyes to shield it from anything that you don't want to accept... but it all basically comes down to the numbers ... also in the articles the engineer basically points out those facts for you and accounting for cold storage and coin washing ... etc TO MIRACAL What will be the incentive for miners within the next 5-10 years as the halvings and difficulty gets higher?? and then what happens when the rewards gets to 6btc or even 1 btc or less?? who would be paying those cost for the miners? Also I am sure you have heard of the quote "The future of money is not bitcoin and the future of bitcoin is not money" and bitcoin is not money in fact(look up my previous post I have several covering that topic) ... also the infrastructure for bitcoin , even though its "decentralized" runs into exchanges and miner guilds in order to keep it running what happens when ONE or even BOTH fails?!?! what then?? And currently only 250,000 active bitcoin users with a wallet of 1.5 bitcoins or more... so purely all that exchange of bitcoin on the exchanges for those prices are ... well you guessed it! manipulated by the short flow of bitcoins in the exchange! side note: Amph you should really read those articles because you sound ignorant when responding without even reading or having the prior knowledge of the articles when commenting.... |
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To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ... they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments .... Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2 Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ... that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water. I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
5% of bitcoins lost every year? Where did you get the number from? take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ... here are some articles for you:http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.htmlhttps://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoinsSide note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are... |
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To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.
Do you want to know the truth??? ... the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ... they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments .... Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2 Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ... that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water. |
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I don't think you understood what it means to "create $1 million" ...
The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented
Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...
which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...
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Hey there you dreamers / sheep herders / blind leading the blind / rat kings! Just wanted to leave this article: http://news.yahoo.com/japan-police-arrest-mtgox-ceo-over-loss-bitcoins-234541269.htmlHow will bitcoin hit $1200 again?? and How do you think we will get there without WILLY BOT! Addition:From the article: From the article: A spokesman for the Tokyo Police said France-born Karpeles, 30, was suspected of manipulating data on the exchange's computer system in 2013 to falsely create about $1.0 million. |
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PANIC
why do you self double post to your own topic ... seems like a sad way to seek attention ... and you were such a perma/hyper bull with no understanding about the fundamentals of the markets so keep trolling both ways ... "call for those crazy longs and shorts" .. either way you gotta be right one way or another , right ... |
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What do you think, will bitcoin price will stabilize this time over $300 or will crash again below $300. It would be pretty awesome if it stayed above $300 Mark. Just want your thoughts  For sure will go higher. The problem will be not if but when. It is the money of internet and the internet is the future. It is behind a technology which will disrupt to many ways of our life (like the internet in his time of appearing)n and have strong support. Why will not go high? BITCOIN is not MONEY .... it is a NON TANGIBLE ASSET ACCOUNT ... also known as a COMMODITY CONTRACT ... addition: (in order for you to actually get any money you would hope that you have a buyer to liquidate your "contract" to regain liquidity in actual currency other wise you are holding onto a "contract" that acts as a medium between your money and account) theres been many quotes of : "The future of money is not bitcoin and the future of bitcoin is not money" .... Take Denmark and sweden into account... (socialist and small high standard of living countries implementation) and no bitcoin is not anything break through .. with the world economies exchanging trillions in currency on the daily compared to what bitcoin does is laughable ... so do not brainwash yourself to thinking because of "the technology" will lead to a higher bitcoin price.... Sidenote: as every year 5% of bitcoins are loss and already 30% of all bitcoins are lost forever ... and the price is still the same because no one is pumping money into bitcoin (ponzi scheme, dutch tulips , beanie babies , south sea company etc) |
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The price is around $300 again.
Thats like saying 28 dollars is enough to buy a 30 dollar gadget ... since when did you put aside math to favor your assumption of the "price is around 300 again"?? side note: is it pure ignorance to stem on your dillusion? |
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Lol I don't know charting or math??? .... you are despicable... and for "how stupid can I get" Well it is very relative. As the corresponding population or data set can differ, and as for many speculators they are very uneducated in economics and finance as most of them are gen x and gen y baby boomers that chose the anarchist path to investing into something they don't understand... ex: bitcoin and alt coins Sidenote: look into : ponzi schemes , dutch tulips , beanie babies, South Sea Company ... and litterally hundreds more if you'ld like to reference also you sound stuck up in your own hubris and glory that you are blinded, just like sheep being guided in the night |
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hey Vtr99...
LMFAO if you invested in 2009 you would of been 1 of under a few thousand .... lets talk more realistically a majority started investing in end of 2010 to 2011 where some exited but some thick-skulled "to the Moon or to Pluto" people ... held on and are at a SEVERE loss from potential profit ... and thats usually how these schemes work
P.S I've heard of schemes like that before! schemes where you try and buy early and hodl usually those that exitt early after a pump, gains the most!
P.P.S. best of luck to ya!
Side Note: look into ponzi schemes!
addition: btw most of the ALTCOINS ... are generally market manipulated to their current price by low volume and buy and sell price manipulations... so if you did make 30,000x your money meaning you put in 10 USD getting back 300,000 USD .. I think you are dreaming in your own fantasy world , because most of the time alt coins just don't have that volume or market.
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...
I cannot cast stones at the OP because I too have made overly optimistic predictions myself. At this point I am just consoling myself with the great lessons I am getting in patience and perseverance.
What you need to learn is basic economics/mechanics of penny stock trading. Your patience has lost you a shitload of money already  Your advice is where most people have lost money in crypto. I remember one girl who sold a million Megacoins back in the fall of 2013 for around a penny each. Two months later the market cap jumped to almost $50 million. Many of the coins in the top 50, or even top 100 will do well in the next 12 months or so. Many of them will outperform Bitcoin by a wide margin. No, most people loose money in crypto by failing to laugh at coinpimps and cryptofluffers, such as OP and yourself. "Bitcoin goes to 1200-1300 within a month," imagine that shit? Even now you try to pump that failed shitcoin you got stuck with. No frickn' scruples at all. None There would be much weeping and gnashing of teeth, had anyone been fool enough to take you seriously. First of all, you keep hiding behind different accounts, so you have ZERO credibility. 2 posts by some smart-ass kid with a new account... What an Ultra-Maroon!!! I've made a relative fortune in crypto using a long term approach, so speak for yourself. It's guys like you that hide behind the Internet to make up for your inadequacy. You are obviously a big loser, because your attitude is a dead givaway. I know that's it's difficult for peons like you, but at least keep your bad advice to yourself. You are costing the lemmings a lot of money. Oh, and if you give a crap about your reputation, you would know that only less intelligent lowlifes use terms like "shitcoin".  But while we're on the subject, thanks for bringing up Megacoin.  I try not to harp on it too much, but it is my favorite coin. Been fairly consistently in the top 20 coins since it's inception. So again, your lack of intelligence is showing. It is a legacy coin, much like Litecoin, it has been around longer than 95% of all alt-coins. Coming upgrades, and a block halving this fall will keep us towards the top. Those smart enough to invest at these prices will get a bargain in the long run. So run along and try to convince yourself you know what you're talking about...  If you want to keep showing up here looking like a fool, and getting spanked... Have fun! That was one hell of a burn. It's so funny when someone has no shame and thus can't feel embarrassed by normal foolish actions. Furthermore, remembering all the sock passwords must be something else at this point. If he used 10% as much energy working towards something positive, he might have something going. I really feel sorry for him... Guess he didn't have much guidance in his life. btw Jackass's ... not all the new accounts correlate or relate to one person ... there are many people that are knowledged in economics and financial markets.... That understand that the econonmics behind bitcoin is closely related to a ponzi shuffle scheme (you must find a buyer in order to liquidate your contract holdings or else your contract is worth nothing) ... Your bullsh-tting about crypto going to 1000's in the 2008 financial crisis ? are you f'ing delusional?? when an asset like the us treasury bonds and other assets like gold and silver and oil etc that pay returns and are BACKED by actual assets there was barely any liquid assets and money to pour into those safe havens... Let alone talk about puting money in BITCOIN what a JOKE .... also you should look at the guy that lost nearly 60% of his money for trading his house for bitcoins.... if you had invested your money in 2009 -2015 you would have easily QUADRUPLED your money (400% increase) .. in the markets however if you had invested in bitcoin you would have lost anywhere from 40%-80% of your money .... so you wouldn't be able to live with that amount of loss. |
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They all mean nothing ...
Bitcoin has no relative previous to present performance corellation ...
and if you have to ask about the "golden crosses, etc" means that you aren't understanding enough and you might as well buy stocks or forex...
it would present you with a better collective risk to reward ratio.
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I will throw my fiat into BTC until SHA-256 is cracked. Started buyin at $1200...... I am the bag holder king. I like wild predictions . This guy has been full bear mode until like a month ago... soo.. oh man you are in over your head ... but I won't tell you to stop ... So continue to do you! mr "I bought at 1200 USD!" Addition: I think that buying at 1200 makes you the bag holder king of losses but that's relative! I am proud of you for sticking to your goals and dreams and Hodling! |
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