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Author Topic: slllliiiidddeee  (Read 1468 times)
XXthetimeisnowXX
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April 03, 2013, 09:14:33 AM
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down we go bottom will be? about 110? then up we go to 200?
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April 03, 2013, 09:16:19 AM
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Hush hush, don't tell anyone or more people will start selling!
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April 03, 2013, 09:23:13 AM
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sell now, regret later. Good luck.

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April 03, 2013, 09:23:32 AM
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bitcoin can only go up, it's called gravity bro.

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XXthetimeisnowXX
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April 03, 2013, 09:35:37 AM
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bitcoin can only go up, it's called gravity bro.
oh like a zeplin..... ha!  Grin
XXthetimeisnowXX
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April 03, 2013, 09:37:43 AM
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its funny cuz "cheep" coins are now 120?  Wink
XXthetimeisnowXX
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April 03, 2013, 09:40:09 AM
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see all the what 10 then 20 orders for .2 coins pull the price down on gox? (bitcoinity) they are fast like all at the same time

what is that about?
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April 03, 2013, 09:46:57 AM
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I wouldn't sell if it went to 0.0000001

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April 03, 2013, 10:31:33 AM
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see all the what 10 then 20 orders for .2 coins pull the price down on gox? (bitcoinity) they are fast like all at the same time

what is that about?

Like when 30 orders pop up with small amounts all the same? Not sure, I feel like those are trading bots or something. Manipulating the price. They're trashing our rights mannn, trashing them!
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April 03, 2013, 10:58:57 AM
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They are inflating the price. New bitcoin users come to buy $500 worth of bitcoins and see the 'highest ask' / 'last' at say $135 when if you take away all the "scaffolding" (the hundreds of asks for 0.01 BTC with increments of $0.025) it would actually be like $125.

Sadly the "newbie" bitcoin users doesn't know that the recommended ask price on mt.gox of $135 is actually erroneous and should really be much lower (such as $100 considering its nearly all "scaffolding"). So proper orders are being foolishly placed ontop of this "scaffolding". They end result being the newbies inadvertently, and independently peg up the price high. And so more scaffolding is build up on top of that.

It's a vicious cycle and wont stop untill newbies learn to look at the deep market orders. Sadly MT.Gox keeps that hidden and unless you have half a brain and google for it you'll just take what mt.gox shows you and place a bid foolishly. (*source: I did this when I first bought some BTC :p)

p.s. "Scaffolding" is a term I invented last night after 4 hours of watching the price go up in huge jumps with only a few actual purchases of (> 20BTC) appearing between rises of $2 from empty 0.01BTC orders acting as inflatory filler.

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April 03, 2013, 12:23:08 PM
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shit, we crashed all the way down to 139  Grin
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April 03, 2013, 12:23:39 PM
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shit, we crashed all the way down to 139  Grin
The horror, the horror!  Grin Cheesy
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April 03, 2013, 01:07:56 PM
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Bro, do you even blockchain?
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April 03, 2013, 01:08:53 PM
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The card's already expired.

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humanitee
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April 03, 2013, 01:10:29 PM
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down we go bottom will be? about 110? then up we go to 200?

+1, exactly what I think.

Getting pretty thin on the bid, 10k pushes us down to right around $117.
If fiat mountain experiences continual tectonics, we might just go straight up. I'm hoping we don't.


SlaveInDebt
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April 03, 2013, 01:13:30 PM
 #16

[img]http://www.proverbs66.com/wp-content/uploads/SS-credit-card-bear-trap-1024x768.jpg[img]

The card's already expired.

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"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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