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Author Topic: Watch the price manipulation in real-time  (Read 572 times)
revans (OP)
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April 11, 2013, 06:03:54 PM
 #1

https://bitcoin-24.com/

Some people are working really hard to push the price back up to $90. I expect a bloodbath when MtGox resumes trading, could be down to sub $5 this time tomorrow.

At present all bitcoin seems to be doing is something I thought would be bear impossible: make government fiat look almost attractive.
r3ex1
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April 11, 2013, 06:24:56 PM
 #2

I was thinking a similar thing.
Could go one of two ways!
DannyHamilton
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April 11, 2013, 09:33:20 PM
 #3

- snip -
Could go one of two ways!

Bitcoin is a highly speculative and extremely risky investment.  It is not wise to invest money that would be financially devastating to lose.

I wouldn't be surprised to see $10,000 per bitcoin within 5 years.

I also wouldn't be surprised to see $0.01 per bitcoin (or even 1,000 bitcoin per $0.01) within 5 years.
Flare
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April 11, 2013, 10:13:05 PM
 #4

The anxiety is killing me. Can't wait for mt-gox to resume trading.
Zeus7777
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April 11, 2013, 10:15:10 PM
 #5

All I know is that I wish I had at least a few bitcoins.  I could've bought them for less than $1 way back when.. a long time ago.. pfft.. I was gonna buy $500 worth.  I'd be rich.  I'm so depressed. 
 
Here is my ripple public address: rhQhUhh9dvPyZ2Lx9BAZjTK6eAa2u6neFz
resma
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April 11, 2013, 10:16:09 PM
 #6

Since traders at MtGox that really wanted to sell could transfer their bitcoin to another trader and sell there, I don't suppose that large scale selling will occur. We'll see...
resma
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April 11, 2013, 10:22:11 PM
 #7

I find that MtGox is actually manipulating prices by suspending trading like they do now. By controlling 80% of the trades, their power over bitcoin and it's value is just too large. I will soon move my bitcoin to another trader...
photon2
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April 11, 2013, 10:28:32 PM
 #8

The volatility has been insane.

The returns people must have seen this week.....  Shocked

Its always dangerous when you have powerful players in a system that can be carefully manipulated.
Aahzman
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April 11, 2013, 10:29:37 PM
 #9

i've been eating Tums by the freakin' handful...

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