That's fairly inaccurate. You actually have to buy through most of these ask 'walls'. However, even if they were fake, they are substantially dwarfed in significance by what is going on with those several 10k BTCs worth of will-disappear-anytime-once-you-bought-enough-of-my-overpriced coins. You and your proud 600+ posts, which btw prove nothing of an argument other than that you got too much time on your hands and obviously no pretty gf to keep you from it, will see - but I sure as hell don't make the same mistakes twice. My advice to anyone willing to listen would be to stay out of this blatantly manipulated market. I for one will keep up my shorts.
mmhm. you advise other people to stay out, but you short... manipulation goes both ways. |
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I notice 53.5k BTC to $7 right now. Does that seem a lot higher than before to anyone else? This makes it seem unlikely to me we will see $7 any time soon unless most of those walls are fake.
Then again these walls could be by the manipulator who is trying to get people to short in preparation for a massive short squeeze. All it would take is several thousand coins being pulled from the order book and a few thousand coins bought to cause a snowball effect (Short Squeeze).
It does seem a lot higher than before... but I think the Manipulator is simply getting ready, as you said. |
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Can someone give a quick explanation of short squeeze vs long squeeze? Does a long squeeze mean that everyone who is long gets liquidated?
yes, causing a chain reaction.. same for short squeeze |
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The situation is very different to what it was a few days ago. If there is a big squeeze now, it's more likely to be a short squeeze. A long squeeze would be very risky and difficult to attempt without a very large amount of money.
And this time we really can have a short squeeze, because zhou has set aside funds for it. |
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Huge bidwall @5.75 just popped up.
fake wall ? of course it's fake. It's also a sign that the Manipulator is on the bulls' side again  This time, we have the katyushas xD |
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After a massive selloff starting at 6.3-6.4, after which over 75k coins were dumped in two installments (45k + 30k), the market has managed to bounce back to.... 6.2. That's right, 75k coins got us from 6.3 to 6.2. What a drop!  |
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if the Dow ends up, like it looks like it will, it seems to me that i've noticed small rallies beginning right after the close. Wall St. traders rotating to the Bitcoin markets?  no guarantees of course. Correlation duly noted, every little bit helps. Wondering, would there not be a lag time in shifting wall street profits over to bitcoin exchanges? There would, but I'm guessing that this theory is saying that they have existing funds on the exchanges and when they go home for the night, they're more likely to speculate on Bitcoin when they're up.  |
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So I should start dating your other sister? I demand that pirate gets a new sister, so I can date her. xD |
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wow, maybe $6-7 IS the trading range..
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a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook.
Again with the order book? The truth is, depth does matter in situations with little to no depth. A spike could easily wipe us out, for example, all the way down to 5.5, and we would probably end up lower. |
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And we're back to $1.1 million on the bids side again. That was fast.
jesus, really?!  |
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People maxing out the leverage for longs again? lol wow oh boy. oh dear lol |
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a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook.
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I've considered it before, and it would be a good idea. I don't know how to price them, so I haven't dabbled in it.
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well I'm actually quite surprised on the reactions over here. I mean, yes, I made profits in ranges > 1k USD, and yes, there was a bit of luck with it, however, I didnt realize that people on bitcoinica did never imagine that speculation meant possible loss too.
If you read the forums today, it just seems like the possibility to lose was something totally new to them...
If you think about it, this explains the behaviour. Since they vastly underestimated the probability of loss, they didn't think it strange to trade on gigantic leverage. Nobody who thinks an own mistake likely or sees uncertainties about the market would do heavy margin trading on a crazy market like this one. Myself, I wouldn't claim to trade safely enough to go all-in, let alone risk even more than that! I don't know what kind of track record one would need to qualify for 1:3 or higher margin trading on Bitcoin, but I doubt such a person is present. Maybe such a person doesn't even exist. This is why I believe that the current volatility has actually strengthened the market. It will make the leveraged traders think twice before plunging in, reducing volatility (zhou's move also helps). |
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Damn, I'm sorry to hear that. I don't think it's an early adapter, though. Most likely a person with deep pockets who entered the game months ago and is here only for his personal gains by speculating and manipulation. Too bad  I believe it's someone that picked up a shit-ton of coins when the Mt Gox hack happened. ohhh. that's very possible... I hear they withdrew 100k BTC. |
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Hi vuce, Every negative rating on there is a result of a mostly-harmless prank I pulled on #bitcoin-otc. I put up a shopped screenshot showing that I had a 20000 BTC long position, and said I was going to liquidate it soon. I thought they'd think that the screenshot was fake, but it turns out that lying on the channel, even if trolling, is a serious matter. It was a joke that went bad, and I apologize to the few people who lost money. However, I assure you that the incident has no bearing at all on the reliability of loans to me, or any other dealings with me. I have always been completely transparent... I have always made potentially unsavory aspects of my business, such as the ponzis I used to run, completely public, and I have done the same with loans. I have handled large amounts of bitcoin in the past, and I will continue to do so and maintain my trustworthiness. Many well-known members (won't mention them publicly unless they give me permission) trust me despite my negative ratings, because they know that in my actual business dealings, I have always been reliable. Thanks for bringing it up. I should have addressed this long ago, and you reminded me. |
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haha someone finally got around to doing Ponzicoin. We should have one every week so that everyone can play a round |
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