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siulynot
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March 23, 2013, 02:02:00 PM
 #1

Say all you want... but its up to one or a few people bringing the price up from where it was just some hours ago.

The Kencoin - http://www.kencoin.org
ICO - August 22nd, 2017 - 2pm GMT
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Vladimir
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March 23, 2013, 02:04:29 PM
 #2

Say all you want... but its up to one or a few people bringing the price up from where it was just some hours ago.

No way. It is just a bunch of noobs who bought in high 60's were panicking and dumping right in hands of old guard who were waiting with lowball orders. Nothing new here.


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March 23, 2013, 02:05:09 PM
 #3

Classic tree shake.

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March 23, 2013, 02:05:41 PM
 #4

weak hands -> strong hands

1BestioLC7YBVh8Q5LfH6RYURD6MrpP8y6
siulynot
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March 23, 2013, 02:08:31 PM
 #5

Nah, i saw the wall movement... the one who bought was more scared that those who sold...

He went putting walls all the way from $55, when he putted a 4kbtc bid wall at $64 and saw that sellers where still eager to sell, he just bought $250k at market price and brought it up to $69.

Thats not strong hands atitude...

The Kencoin - http://www.kencoin.org
ICO - August 22nd, 2017 - 2pm GMT
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March 23, 2013, 02:15:02 PM
 #6

Im sure now price will get stuck some time around here until some troll news makes a panic buy again.

The Kencoin - http://www.kencoin.org
ICO - August 22nd, 2017 - 2pm GMT
siulynot
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March 23, 2013, 04:19:32 PM
 #7

Say all you want... but its up to one or a few people bringing the price up from where it was just some hours ago.

No way. It is just a bunch of noobs who bought in high 60's were panicking and dumping right in hands of old guard who were waiting with lowball orders. Nothing new here.



How come you are so sure??? Where you the one that bought at market price to $69?Huh?

It doesnt seem to stop the sells...

The Kencoin - http://www.kencoin.org
ICO - August 22nd, 2017 - 2pm GMT
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March 23, 2013, 04:26:13 PM
 #8

Say all you want... but its up to one or a few people bringing the price up from where it was just some hours ago.

No way. It is just a bunch of noobs who bought in high 60's were panicking and dumping right in hands of old guard who were waiting with lowball orders. Nothing new here.



How come you are so sure??? Where you the one that bought at market price to $69?Huh?

It doesnt seem to stop the sells...


I have not made a single Bitcoin of Fiat/Bitcoin transaction/trade for quite a few months.

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xavier
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March 23, 2013, 04:32:17 PM
 #9

Its just the weekend..... things slow down a bit because the volume is less

Plus its just amateurs playing with the exchanges
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March 23, 2013, 04:32:30 PM
 #10

Say all you want... but its up to one or a few people bringing the price up from where it was just some hours ago.

No way. It is just a bunch of noobs who bought in high 60's were panicking and dumping right in hands of old guard who were waiting with lowball orders. Nothing new here.



How come you are so sure??? Where you the one that bought at market price to $69?Huh?

It doesnt seem to stop the sells...


I have not made a single Bitcoin transaction for quite a few months.


You missed out all the fun.

Luno
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March 23, 2013, 04:51:53 PM
 #11

Market movements like we have been watching since last night do stink! also buy orders have fallen from 8M USD to 4.5M during the last week which just can be buyers waiting for their paycheck but if the market magically recovers Monday morning and continues it's climb, it's a very stupid market manipulation move.

The number of eyes watching Bitcoin from all over the world now will trigger some press about the Bitcoin market being cornered and a bucket shop etc. making Bitcoin look like a pump and dump.

If such a story gets in the press with quotes from economists, it will be a fast death!

So if there is "a few" controlling everything, their lust for cheap coins puts the whole project at risk!


 
 
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zoinky
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March 23, 2013, 04:59:47 PM
 #12

Market movements like we have been watching since last night do stink! also buy orders have fallen from 8M USD to 4.5M during the last week which just can be buyers waiting for their paycheck but if the market magically recovers Monday morning and continues it's climb, it's a very stupid market manipulation move.

The number of eyes watching Bitcoin from all over the world now will trigger some press about the Bitcoin market being cornered and a bucket shop etc. making Bitcoin look like a pump and dump.

If such a story gets in the press with quotes from economists, it will be a fast death!

So if there is "a few" controlling everything, their lust for cheap coins puts the whole project at risk!

Will just set us back a few years.  But yes, it is not a healthy way to grow.
siulynot
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March 23, 2013, 05:01:48 PM
 #13

Market movements like we have been watching since last night do stink! also buy orders have fallen from 8M USD to 4.5M during the last week which just can be buyers waiting for their paycheck but if the market magically recovers Monday morning and continues it's climb, it's a very stupid market manipulation move.

The number of eyes watching Bitcoin from all over the world now will trigger some press about the Bitcoin market being cornered and a bucket shop etc. making Bitcoin look like a pump and dump.

If such a story gets in the press with quotes from economists, it will be a fast death!

So if there is "a few" controlling everything, their lust for cheap coins puts the whole project at risk!

I think you have a nice conclusion with the wrong statements...

the manipulators want price to go up. This selloff was natural, many people sold small chunks, thats normal at this level. I mean... its time for many people to begin taking profits.

the manipulation was buying all the way up to $69 at market price, that was stupid manipulation and if this gets noticed by media, it will be a complete fail for everyone.

The Kencoin - http://www.kencoin.org
ICO - August 22nd, 2017 - 2pm GMT
Luno
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March 23, 2013, 05:31:31 PM
 #14

Market movements like we have been watching since last night do stink! also buy orders have fallen from 8M USD to 4.5M during the last week which just can be buyers waiting for their paycheck but if the market magically recovers Monday morning and continues it's climb, it's a very stupid market manipulation move.

The number of eyes watching Bitcoin from all over the world now will trigger some press about the Bitcoin market being cornered and a bucket shop etc. making Bitcoin look like a pump and dump.

If such a story gets in the press with quotes from economists, it will be a fast death!

So if there is "a few" controlling everything, their lust for cheap coins puts the whole project at risk!

I think you have a nice conclusion with the wrong statements...

the manipulators want price to go up. This selloff was natural, many people sold small chunks, thats normal at this level. I mean... its time for many people to begin taking profits.

the manipulation was buying all the way up to $69 at market price, that was stupid manipulation and if this gets noticed by media, it will be a complete fail for everyone.

Well, I was actually making the counter statement, that if the market is rigged (or easily controlled by a few in periods) they know that they have to let things cool off for a period now neither clamping too much or driving the price anywhere as they must realize that the pro's will smell such a double major trend reversal and not just blindly start pumping again Monday.

Manipulators in Bitcoin have been more supporting than the opposite during Bitcoins history and  they take on a large responsibility for everyones good with their own money.

So my overall conclusion was that we won't see a rocket Monday as it will be a dead giveaway.

The accelerating descending rolling hills of last night was a textbook example of a Bull market, too obvious for my taste to conclude that we are going down now to say $20 but we need sideways for a few days and an increasing buy side to restore faith in my opinion.


 
 
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Manticore
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March 23, 2013, 06:08:36 PM
 #15

Its just the weekend..... things slow down a bit because the volume is less

Plus its just amateurs playing with the exchanges

Excuse me for asking, but who isn't an amateur in this market??
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March 23, 2013, 06:14:21 PM
 #16

Market movements like we have been watching since last night do stink! also buy orders have fallen from 8M USD to 4.5M during the last week which just can be buyers waiting for their paycheck but if the market magically recovers Monday morning and continues it's climb, it's a very stupid market manipulation move.

The number of eyes watching Bitcoin from all over the world now will trigger some press about the Bitcoin market being cornered and a bucket shop etc. making Bitcoin look like a pump and dump.

If such a story gets in the press with quotes from economists, it will be a fast death!

So if there is "a few" controlling everything, their lust for cheap coins puts the whole project at risk!

I think you have a nice conclusion with the wrong statements...

the manipulators want price to go up. This selloff was natural, many people sold small chunks, thats normal at this level. I mean... its time for many people to begin taking profits.

the manipulation was buying all the way up to $69 at market price, that was stupid manipulation and if this gets noticed by media, it will be a complete fail for everyone.

Well, I was actually making the counter statement, that if the market is rigged (or easily controlled by a few in periods) they know that they have to let things cool off for a period now neither clamping too much or driving the price anywhere as they must realize that the pro's will smell such a double major trend reversal and not just blindly start pumping again Monday.

Manipulators in Bitcoin have been more supporting than the opposite during Bitcoins history and  they take on a large responsibility for everyones good with their own money.

So my overall conclusion was that we won't see a rocket Monday as it will be a dead giveaway.

The accelerating descending rolling hills of last night was a textbook example of a Bull market, too obvious for my taste to conclude that we are going down now to say $20 but we need sideways for a few days and an increasing buy side to restore faith in my opinion.

I am a bitcoinophile, but do not see a rocket on Monday. Only a stellar piece of news will take us back up in the short term.
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March 23, 2013, 06:17:25 PM
 #17

I am a bitcoinophile, but do not see a rocket on Monday. Only a stellar piece of news will take us back up in the short term.


You could be underestimating lag with which "good news" affect BTC price. It takes time for newcomers to research Bitcoin and to put themselves into position where they can actually buy it.

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xavier
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March 23, 2013, 07:13:38 PM
 #18

Its just the weekend..... things slow down a bit because the volume is less

Plus its just amateurs playing with the exchanges

Excuse me for asking, but who isn't an amateur in this market??

Well there are some professional traders who are active in the market (ie. people who trade for a living).

There are also some VC's, registered companies and hedge funds who trade.

AFAIK these people mostly trade during the week not at the weekends. You'll see things are more stable during the week for these reasons. These people are not likely to dump their entire holdings in 15 minutes, for example. They are more rational in their trading (ie. they have a trading plan).
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March 23, 2013, 07:28:56 PM
 #19

I would say actually this is a two men band: one bringing the price down and the other bringing it up Wink

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March 23, 2013, 07:37:29 PM
 #20

Yep they are a bad cop and good cop and they are trying to find Satoshi.

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