Manipulation finished. Bubble popping.

[P_Shep]

I've never known someone to enjoy being so very wrong all the time until I happened across kwukduck.

Also:
https://blockchain.info/address/14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E

Hmmm. That's some tippage there. All those droves of people appreciating kwuk's advice.

[RodeoX]

But here's the thing duck.

Besides the support being extremely weak at this point.

Hugh? bitcoin is growing exponentially around the world.

The most important indicator is flawed fundamentals that are not being resolved, this pretty much guarantees a system doomed to fail in its current state.

Ok, there is some controversy about scaling issues. I don't see how that guarantees anything.

The only thing countering this downward spiral is hype and manipulation. Hype will blow over but the manipulation can be sustained for quite some time, as long as there are fools to trick.

Well any money is backed by faith or "hype". Dollars are just fancy paper and gold is just a shinny rock. People think they are worth something and agree on what that value should be via markets. So money is hype, that may be true. As far as manipulation I see no evidence of that in the markets. If you do please show it. Showing it is something, claiming it is nothing.

We need crypto in this world but bitcoin isn't the solution (at least in its current form).
The price will reflect this.

By going up? So far the price has reflected growing interest and an ever expanding user base.


You may believe bitcoin will fail, maybe not. But why should we believe that when all economic indicators point north? And when you have literally been wrong every other time you predicted bitcoin's imminent collapse?

[Holliday]

As far as manipulation I see no evidence of that in the markets.

I'm not defending kwuk's "it's all manipulation" theory, but at the same time pretending like there isn't any manipulation is naive.

For example, yesterday on Finex tons of bids were pulled and tons of asks were added, at the same time, by a single entity, to make it look like there was huge market depth on the upside but very little on the downside. That's pretty clearly intended to manipulate people to act a certain way (and apparently it works on some). Today, it's gone (poof).



Also, the constant barrage of trolls (kwuk included!) on bitcointalk could be considered attempted manipulation.

Finally, the outright, in-your-face manipulation of governments around the world by classifying Bitcoin and assigning certain regulations on it's use.

If there is a market, someone is going to attempt to manipulate it to their favor. There isn't necessarily anything wrong with that (until force is involved, i.e. government regulation).

[RodeoX]

As far as manipulation I see no evidence of that in the markets.

I'm not defending kwuk's "it's all manipulation" theory, but at the same time pretending like there isn't any manipulation is naive.

For example, yesterday on Finex tons of bids were pulled and tons of asks were added, at the same time, by a single entity, to make it look like there was huge market depth on the upside but very little on the downside. That's pretty clearly intended to manipulate people to act a certain way (and apparently it works on some). Today, it's gone (poof).



Also, the constant barrage of trolls (kwuk included!) on bitcointalk could be considered attempted manipulation.

Finally, the outright, in-your-face manipulation of governments around the world by classifying Bitcoin and assigning certain regulations on it's use.

If there is a market, someone is going to attempt to manipulate it to their favor. There isn't necessarily anything wrong with that (until force is involved, i.e. government regulation).

I agree with you that there is and has always been some manipulation. But I think it has a negligible effect on the market and is in no way the basis for the growth we see. A person willing to risk a lot of coin could leverage that on an exchange, but it is not going to manipulate the entire bitcoin market. It has just grown to large and diverse, IMO.
As far as disinformation operations that seek to vilify BTC or manipulate my opinion with fear... Well good luck keeping a good idea down. All I have to do is ignore baseless nonsense and act logically. I ask myself "Is bitcoin still the fastest, cheapest, and most secure way to pay anyone anywhere?" As long as that is true bitcoin is worth trillions in USD.
As to the last point about manipulation by governments that can be an issue, but not a bitcoin issue. Some governments outright steal via taxation. Bitcoin offers victims of economic oppression an option to opt out more than a way for such states to victimize them. 

[Holliday]

I agree with you that there is and has always been some manipulation. But I think it has a negligible effect on the market and is in no way the basis for the growth we see. A person willing to risk a lot of coin could leverage that on an exchange, but it is not going to manipulate the entire bitcoin market. It has just grown to large and diverse, IMO.
As far as disinformation operations that seek to vilify BTC or manipulate my opinion with fear... Well good luck keeping a good idea down. All I have to do is ignore baseless nonsense and act logically. I ask myself "Is bitcoin still the fastest, cheapest, and most secure way to pay anyone anywhere?" As long as that is true bitcoin is worth trillions in USD.
As to the last point about manipulation by governments that can be an issue, but not a bitcoin issue. Some governments outright steal via taxation. Bitcoin offers victims of economic oppression an option to opt out more than a way for such states to victimize them. 

Yep, we're pretty much on the same page here. Kwuk thinks Five Guys (yum) are controlling the entire Bitcoin market... LOL.

[CoinCidental]

Kwuk is proudhon v2.0

proudhon was more intelligent by comparison
Kwuk is a product of generations of inbreeding....


https://www.youtube.com/watch?v=A7TuFy0fcuw

[angaper]

It is undeniable that big speculators still have much power in price manipulation, but we can not deny bitcoin a legitimate value that has gradually gained over the years. For reasons of mere market logic we could expect some correction or slight downward adjustment, but at no time I would expect that supposed collapse of bitcoin.

[Leonard2016]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

[quake313]

Very classy that anyone who doesnt not subscribe to the "price is going up forever" cultism is labeled troll and a lowlife here. Pretty disgusting, actually.



On the price :

There is a very high probability chance that this rise was manipulated.  If you dont see that lately the price is in a full control of 2 chinese exchanges - you are fooling yourself.

Were these exchanges ever invistigated properly? Do they hold as much coins in their wallet as volume shows?

If they are fully incontrol of the price (and its a fact now), what is there stopping them to make a deal with chinese miners, and pump the price artificially high with bots "trading" with each other?



Now you can go ahead and label me beartroll moron lowlife inbreed etc.

Bra, check the duck's post history, he IS a troll and a perma-bear. As far as the price of BTC is concerned, it goes up and goes down and goes up higher. That is fact, not speculation. Eventually, it will set a new ATH and surpass it, as long as nothing else comes along to supplant it. That trend will continue until it reaches its maximum valuation, whatever that will be.

[jondeen707]

Very classy that anyone who doesnt not subscribe to the "price is going up forever" cultism is labeled troll and a lowlife here. Pretty disgusting, actually.



On the price :

There is a very high probability chance that this rise was manipulated.  If you dont see that lately the price is in a full control of 2 chinese exchanges - you are fooling yourself.

Were these exchanges ever invistigated properly? Do they hold as much coins in their wallet as volume shows?

If they are fully incontrol of the price (and its a fact now), what is there stopping them to make a deal with chinese miners, and pump the price artificially high with bots "trading" with each other?



Now you can go ahead and label me beartroll moron lowlife inbreed etc.

Bra, check the duck's post history, he IS a troll and a perma-bear. As far as the price of BTC is concerned, it goes up and goes down and goes up higher. That is fact, not speculation. Eventually, it will set a new ATH and surpass it, as long as nothing else comes along to supplant it. That trend will continue until it reaches its maximum valuation, whatever that will be.

That's totally correct, I hate labeling, but that guy is a troll

[BTCLovingDude]

if anybody reading this topic wanted to see a funny picture and realize what this is all about they can check out the other 117 topics of kwukduck throughout the years here: https://bitcointalk.org/gettopics.php?user=654

they are all the same subject only the number changes: "sub 400", "320" "180" "200" "220" and so on. next year the subject changes to "blah blah sub 1500"

[Sithara007]

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

For your statement to be true, the maximum individual holding must amount to at least BTC3,000,000. But even Satoshi (who is believed to own the largest BTC holdings) is having less than BTC1 million in his wallets.

[blackmagician]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

Who said that after an incerase in price  ,falling down could.be the next.  I think bitcoin will go fisrt at 1400$ before going down slowly.
I have seen this scenario before, that bitcoin will climb up to 1500$ this year 2017.

[Przemax]

For most people here  its not  a manipulation if it leads to a price increase. Its a normal supply and demand if its dont move for a day, and shoot in price in 2 minutes.

Its only a manipulation if its not increasing in price, or decreasing its price. Its those evil banks behind it all. They dont want the beloved bitcoin to reach a price when everyone of the believers will reach the state of  a paradise.

Damn those bankers. Such a evil greedy bastards. Not like we the bitcoiners. We do everything for a free market virtue and its gloryhole.

[Chris!]

Very classy that anyone who doesnt not subscribe to the "price is going up forever" cultism is labeled troll and a lowlife here. Pretty disgusting, actually.



On the price :

There is a very high probability chance that this rise was manipulated.  If you dont see that lately the price is in a full control of 2 chinese exchanges - you are fooling yourself.

Were these exchanges ever invistigated properly? Do they hold as much coins in their wallet as volume shows?

If they are fully incontrol of the price (and its a fact now), what is there stopping them to make a deal with chinese miners, and pump the price artificially high with bots "trading" with each other?



Now you can go ahead and label me beartroll moron lowlife inbreed etc.

He's labelled himself a permabear at this point. He is definitely a troll and is only calling doomsdays that never happen. His threads are never based on fact and lately I've seen one deleted because of it. I'm sure there were many more that have been deleted because they don't contribute anything.

If it quacks like a duck... It's probably a bear.

[Holliday]

I was so wrong...

[Silberman]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

Even if that was the case what is stopping people to convert their bitcoins to fiat or other altcoins and play the same game? Anyone that bought bitcoin one month ago got profits already.

[Frank Lefty Rosenthal]

Looks like it popped and is now falling to earth at an alarming rate. Will it ever stop and go back or is this the ned of bitcoin.


Frank Lefty Rosenthal Signing Out.

[Przemax]

Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.

Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.

Even if that was the case what is stopping people to convert their bitcoins to fiat or other altcoins and play the same game? Anyone that bought bitcoin one month ago got profits already.

The problem with that logic is two fold. Firstly. When you invest into something that someone else is bought you dont only decrease his power by cutting his cake but also increase his power by making his investition have more fiat. Outcome is as you have said, but its results are far less power than you expect to have.

Secondly its not 5 people. Ofcourse he is widely exagerating. The problem is the small ammount of bitcoins that are being traded, compared to the total ammount of bitcoins, that causes liquidity problems and fake prace is much more valid than on other assets. Even if bitcoin in general is harder to bo faked in price. Its just one aspect of it. Bitcoin is the hardest to fake in price. Dont get me wrong.

Maybe he was talking that 99% of Bitcoins being traded. Thats is way more valid than the total ammount of bitcoins but still I would say its 90%-95% max owned by the biggest traders.

99% of 5% being traded or so is 4.99% of bitcoins owned by 5 richest bitcoinholders. Seems legit to me, but more real is like 4% of bitcoins is owned by those mister x'ses.

[Estonic]

you can only dream about the cheap bitcoin price now.
we all have to accept the fact that price has gone up and those days are over, there is a good resistance in the $900 price and it can not be broken as we are seeing from the orderbooks clearly.

I think the price of $950 is very cheap.