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coined
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June 11, 2011, 03:00:07 PM |
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Someone did a massive manipulation at mtgox, sold maybe 20,000 bitcoins and then bought a large number back on a dark order.
does that mean the REAL correction is still on its way then? |
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error
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June 11, 2011, 03:05:00 PM |
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Someone did a massive manipulation at mtgox, sold maybe 20,000 bitcoins and then bought a large number back on a dark order.
does that mean the REAL correction is still on its way then? I think we saw most of the real correction already. |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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Grant
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June 11, 2011, 03:08:24 PM |
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Someone did a massive manipulation at mtgox, sold maybe 20,000 bitcoins and then bought a large number back on a dark order.
How do you know its same person ? |
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coined
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June 11, 2011, 03:10:43 PM |
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back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.
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Bimmerhead
Legendary
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Activity: 1291
Merit: 1000
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June 11, 2011, 04:48:23 PM |
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back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.
Some people might have tried to be all over it (it's called arbitrage), but there are a couple things to consider. What is the volume being bid on at Britcoin? Was it 50 or more btc, or just a few? Also, actually getting btc at $13 on mtgox was very difficult. I placed two orders well above the $13.xx asking price and my orders didn't get placed, probably because of an overload of activity on their server. |
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NielDLR
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June 11, 2011, 05:17:37 PM |
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back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.
Making a quick buck like that is theoretically possible, but take into consideration transfer times of currency, be it BTC and/or payments, would make this a bit more tough. Unless you have two bank accounts and enough Bitcoins on both sites to trade with, then I reckon it is possible. I'm just having trouble trying to find a way to trade without Paypal (shakes fist at stringent export currency control in South Africa), before even considering doing this. |
The Cypherfunks - A decentralized band and cryptocurrency. The first cryptocollective.
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LZ
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Activity: 1722
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P2P Cryptocurrency
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June 11, 2011, 05:20:52 PM
Last edit: June 11, 2011, 05:50:26 PM by lzsaver |
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I love your creativity. Nice way to describe the current situation. Thank you, S3052! But it is not my creativity. It was originally posted on another topic. But I loved it too! |
My OpenPGP fingerprint: 5099EB8C0F2E68C63B4ECBB9A9D0993E04143362
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coined
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June 11, 2011, 07:48:17 PM |
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back to the britcoin thing again, am i misunderstanding the process here? I'm not a trader remember, but I see guys trying to buy btc on britcoin at £13+($21)(the same £13 when mtgox was $13) but nobody is selling, cant you just sell to them at £13/$21 and then go and buy them back plus more at $17-$18 mtgox? why are people not all over this.
Some people might have tried to be all over it (it's called arbitrage), but there are a couple things to consider. What is the volume being bid on at Britcoin? Was it 50 or more btc, or just a few? Also, actually getting btc at $13 on mtgox was very difficult. I placed two orders well above the $13.xx asking price and my orders didn't get placed, probably because of an overload of activity on their server. was about 200btc I think over a few orders at the £13 range, the "arbitrage"  opportunity its still happening now, there is somebody trying to get 269btc @11.7 right now thats about $19 and still $17 on mtgox, maybe not many people have money and coins in multiple accounts, |
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Basiley
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June 11, 2011, 07:56:22 PM |
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I love your creativity. Nice way to describe the current situation. Thank you, S3052! But it is not my creativity. It was originally posted on another topic. But I loved it too! yeah, its nice comix -) also shared my feeling about project future and this future dynamic ) |
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bitcoinBull
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rippleFanatic
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June 12, 2011, 05:20:51 AM |
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Whatever you call it I wouldn't say it's a bubble. The entire Bitcoin economy isn't even a blip on the radar yet, and while the price will likely swing wildly for a long time to come, if Bitcoin goes anywhere near mainstream these prices will be left in the dust. That said my suspicion is that this will soon attract (if it hasn't already) some professional traders that will be looking to manipulate the price down in order to accumulate. Look for a sharp dip that cuts the price dramatically, possibly accompanied by some awful rumor or attack on Mt. Gox or something. The weak hands will get shaken out of the market and we'll be primed for a huge rally. Just my 2 (bit)cents.  This could turn out to be a heck of a call if this sell-off continues.  It was a heck of a call, if a little premature. Weak hands being shaken out now. |
College of Bucking Bulls Knowledge
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MoonShadow
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June 12, 2011, 05:23:58 AM |
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Woo Hoo! Weekend fire sale!
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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da2ce7
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Live and Let Live
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June 12, 2011, 05:29:04 AM |
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@ S3052, I'm really missing your high quality analysis... is there any chance that you will do public reports again?
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One off NP-Hard.
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S3052 (OP)
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June 12, 2011, 06:52:48 AM |
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@ S3052, I'm really missing your high quality analysis... is there any chance that you will do public reports again?
Thanks.
Indeed, I continue to issue public updates (see below)
1. Regular technical analysis http://blog.bitcoinwatch.com/
2. Short term updates on http://twitter.com/#!/BitcoinAnalyst |
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S3052 (OP)
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June 12, 2011, 09:01:35 PM |
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I have reset the market sentiment poll.
Up?
Same as now?
Down?
I don't know?
click on the poll above. Will be interesting what the sentiment is after the big decline and subsequent bounce.
Please VOTE
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Current-C
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June 13, 2011, 03:21:40 AM |
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Whatever you call it I wouldn't say it's a bubble. The entire Bitcoin economy isn't even a blip on the radar yet, and while the price will likely swing wildly for a long time to come, if Bitcoin goes anywhere near mainstream these prices will be left in the dust. That said my suspicion is that this will soon attract (if it hasn't already) some professional traders that will be looking to manipulate the price down in order to accumulate. Look for a sharp dip that cuts the price dramatically, possibly accompanied by some awful rumor or attack on Mt. Gox or something. The weak hands will get shaken out of the market and we'll be primed for a huge rally. Just my 2 (bit)cents. This could turn out to be a heck of a call if this sell-off continues. It was a heck of a call, if a little premature. Weak hands being shaken out now. Thank you. We probably just saw the same thing happen this weekend but on a larger scale. Won't be the last time either. The drop from 100 to 50 will turn some stomachs . . . |
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speeder
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June 13, 2011, 05:47:49 AM |
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I could not profit much as I wanted on the drop... But I had some fun  Went from 29 BTC to 37 (yes, do the percentage calculations... and no, that is not my full BTC assets, those are only the ones that I had in hand to speculate with). |
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LZ
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P2P Cryptocurrency
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June 13, 2011, 09:31:20 AM |
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Good Morning, Europe! Yeah, the working week just started! What a wonderfull opportunity to buy cheap bitcoins! Right? Now waiting for America! |
My OpenPGP fingerprint: 5099EB8C0F2E68C63B4ECBB9A9D0993E04143362
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Uhrenknecht
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June 13, 2011, 11:20:11 AM |
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wonder what happens if US sees that Silkroad opened their registrations...
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error
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June 13, 2011, 01:22:31 PM |
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wonder what happens if US sees that Silkroad opened their registrations...
It isn't quite 4:20 here in the US yet, though I'm expecting the rally to resume. |
3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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hoki
Member
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Activity: 105
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Say BYE to tobacco taxes and bureaucratized trade.
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June 13, 2011, 04:21:25 PM |
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are we gonna see the price hitting 25 today?  |
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Poll
