Sitarow
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Activity: 1792
Merit: 1047
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January 29, 2015, 07:43:44 PM
Last edit: January 29, 2015, 08:22:56 PM by Sitarow |
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 Notice how LTC USD price on BTCe is holding but yhe LTC/BTC is going up? As btc/usd is being tested. If you pay attention to the volume It becomes apparent  Sitarow - You seem to have some accurate understanding of how the market is currently operating. I think I'm slowly grasping what you are suggestions but still struggling a bit and want to see if I can confirm this theory. So the price of USD/BTC is pushed higher in value by using the sale of BTC/CNY and USD When USD/BTC hits the sufficient peak the corresponding price of BTC/LTC is low, so the funds are transferred into this commodity, which in turn once again starts the rise of LTC to BTC and LTC/USD. Then this cycle continues? Basically washing ltc/usd gains in and out of btc/usd to continuously increase holdings by having the two commodities face off against one another. Is this a near accurate grasp? And you are suggesting that you can see the patterns that start on the chinese exchanges and then finish on btce and so when btce and Bitfinex is at the highest, The target set by those pumping take average 30mins to an hour one it is started. You can tell when the volume LTC sold for/BTC starts going up and LTC/BTC value goesb down because LTC/USD is artificially pushed down by those selling LTC/CNY on OKCoin and LTC/USD on BTC-e. After the pump and drop the cycle is already complete and or too late to try and join the game. Rinse repeat? Thanks for any insight you can help provide. That is a fair assessment. However the problem is not LTC or BTC but the manipulators that have colluded to push on all fronts. I made money 1k on Saturday taking advantage of the arbitrage, however after the pumps many including claimed that the price would decline. It was stalled when huobi went offline Yesturday. The LTC/BTC trading on BTCe halted 30mins before the lunar coinbase timer stopped and then the target lows were dictated at the time to the $ on the troll box on btce. So that has been my observation. Edit: Don't try to move 10k LTC/BTC on BTCe without a bot.   Oh I forgot to add that on sunday 25th those who traded BTC for LTC the btc would be sold at market rate around $255 BTC/USD prior to the pump in order to keep the price low Or it would go up in value 0.01 far to fast for the other exchanges to manage. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Cassandra_PR
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Activity: 54
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January 29, 2015, 07:48:31 PM |
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drbrock
Member
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Activity: 63
Merit: 10
New to BTC not new to the Empire of Chaos
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January 29, 2015, 07:49:31 PM |
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I am declaring the billyjoeallen pump officially on. After my initial buy of $2,000 worth today, I will buy a minimum of 1 BTC per day for the next 100 days regardless of price going up or downor until the shorts get squeezed whichever comes first.
Nice  Wish I had as much toiletpaper to buy BTC as you  I'll buy a couple tho GL yep me too... the amount I get paid every month I can invest max 1 btc per month (thats if im realllly carefull with my fiat which Im not since I know its dogsh@@), would be nice to get in at double figures. wishfull thinking though still buy I will whenever I can woooop |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 29, 2015, 07:59:58 PM |
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mymenace
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Activity: 1596
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Smile
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January 29, 2015, 08:07:53 PM |
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wall has increased on finex by over 15% in the last 2 hours ohh dat wall |
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tarmi
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Activity: 1218
Merit: 1010
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January 29, 2015, 08:10:01 PM |
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yes, impressive numbers on bitfinex.
too bad those are only numbers.
gentlmen, please place your bids where it really matters, like stamp.
thank you.
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Sitarow
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Activity: 1792
Merit: 1047
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January 29, 2015, 08:13:53 PM |
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yes, impressive numbers on bitfinex.
too bad those are only numbers.
gentlmen, please place your bids where it really matters, like stamp.
thank you.
For your own safety don't trade with leverage. |
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Cassandra_PR
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Activity: 54
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January 29, 2015, 08:16:27 PM |
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Don't seem to be saying a whole lot, mostly just repeating yourself  Looks like the same software lambsy uses, saying you're a sockpuppet maybe? Sorry, what? |
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tarmi
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Activity: 1218
Merit: 1010
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January 29, 2015, 08:19:12 PM |
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yes, impressive numbers on bitfinex.
too bad those are only numbers.
gentlmen, please place your bids where it really matters, like stamp.
thank you.
For your own safety don't trade with leverage. you mean on places where you are trading against the exchange operators? |
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findftp
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Delusional crypto obsessionist
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January 29, 2015, 08:22:59 PM |
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Chartbuddy, since you're already expanding your wall overview, could you also add BTC-e? |
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Sitarow
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Activity: 1792
Merit: 1047
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January 29, 2015, 08:25:59 PM |
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yes, impressive numbers on bitfinex.
too bad those are only numbers.
gentlmen, please place your bids where it really matters, like stamp.
thank you.
For your own safety don't trade with leverage. you mean on places where you are trading against the exchange operators? The market as awhole is being influenced by the bots being pushed around. So even clean exchanges will be following the trend. To prevent this on traditional platforms they put in circuit breakers to halt trading. Huobi attempted such a stratigy yesturday and stopped the drop untill it came back online. |
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cesckat
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Activity: 71
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Verba volant, bits persist.
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January 29, 2015, 08:26:31 PM |
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Dat Bitfinex wall  Bitstamp volume still too low. |
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smracer
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Activity: 1055
Merit: 1020
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January 29, 2015, 08:27:35 PM |
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wall has increased on finex by over 15% in the last 2 hours ohh dat wall Is this all the cash that was made dumping all those coins yesterday trying to induce a panic? I hope they panic buy back in. |
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Sitarow
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Activity: 1792
Merit: 1047
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January 29, 2015, 08:32:23 PM |
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Chartbuddy, since you're already expanding your wall overview, could you also add BTC-e? Yet another exchange with hidden reserves, ie. another potential Goxing. If other exchanges can verify their reserves what are these hiding? If its not on the blockchain its just meaningless numbers. However moving patterns still work. Yet nothing is more efficient than an algorithm to alert of these moves.  |
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Arpeggio
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Activity: 16
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January 29, 2015, 08:36:18 PM |
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Crash is imminent. Sorry boys, but it's time leave mama's basements and get real jobs.
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camolist
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January 29, 2015, 08:36:39 PM |
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in the voice of McMillan the bitfinex btc lending rates are too damn low
0.012% bid 0.0194% ask
withdrawing out at these rates
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damiano
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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January 29, 2015, 08:36:55 PM |
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Crash is imminent. Sorry boys, but it's time leave mama's basements and get real jobs.
Doubt it |
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Sitarow
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Activity: 1792
Merit: 1047
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January 29, 2015, 08:37:27 PM |
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wall has increased on finex by over 15% in the last 2 hours ohh dat wall Is this all the cash that was made dumping all those coins yesterday trying to induce a panic? I hope they panic buy back in. If BTC/USD price moves past 250 and they will. Two ways. One buy alot of ltc with fiat. Not going to happrn. Or buy btc with fiat. They will have to permit the LTC/USD to go up or permit BTC/LTC to drop and their scheme to tank btc will not permit that without incurring a serious loss. |
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barbs
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January 29, 2015, 08:37:43 PM |
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Crash is imminent. Sorry boys, but it's time leave mama's basements and get real jobs.
LOL! havent you seen the 900 BTC bid wall at 235 at bitstamp?? more like time to go all in ! |
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dreamspark
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January 29, 2015, 08:39:35 PM |
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Crash is imminent. Sorry boys, but it's time leave mama's basements and get real jobs.
LOL! havent you seen the 900 BTC bid wall at 235 at bitstamp?? more like time to go all in ! Not saying its not going up but going all in because of a 900 coin wall seems a little silly, maybe I'm missing the /s lol |
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