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Walsoraj
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July 09, 2013, 08:16:11 PM |
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This whole manipulation thing would be much less aggravating if I knew what is the purpose.  Idk, I think its some sort of complicated spreadtrading strategy? Not sure. I don't think they are trying to make it move up or down a long ways, I think they are just trying to make it bounce between the top wall and bottom wall while selling on the top and buying at the bottom. Theres 117 BTC in the way of them completing their strategy, though, not sure if that 117 BTC belong to them (its very nicely sloped so I think its serving to eat up the small bids to add to the sell wall) or if that 117 BTC are just random people trying to outbid them. Only thing a competent day-trader needs is volatility. Where price goes is irrelevant. Trader will still make big $$$. |
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MoreFun
Legendary
 Offline
Activity: 1008
Merit: 1003
WePower.red
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July 09, 2013, 08:16:18 PM |
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5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds. is there a site that shows a history of previous walls? i didn't recognize that one on bitcoinity, but it's on my second monitor so perhaps i missed it. No... i have my own logs. |
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phoenix1
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July 09, 2013, 08:18:01 PM |
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I think some of you are missing the point.
Banks and hedge funds would probably not touch BTC with a 10ft poll right now
However they are all staffed by professional traders who are compulsive gamblers and skilled in the art of price and sentiment manipulation. Yes, they are hot on risk management too, but they can take the pain of a loss much better than most people here. They also have deep pockets and many of them are also geeks and know all about BTC and have done for years.
To them, this 'free market', is a wet dream. They can open dual accounts, trade with themselves to paint the tape, manipulate to their hearts content on their own accounts in their free time without any repercussions.
It is incredibly naive to believe this is not happening ... possibly right as we speak
Never underestimate your opponents ...
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chairforce1
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July 09, 2013, 08:19:35 PM |
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how about this:
1) every1 join in at the $77 buy wall
2) people panic and buy in to 80
3) pull the order before the dump happens
4) i don't have to sit here and watch the inevitable
edit- lol nvm some1 dumped at 77
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Frozenlock
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July 09, 2013, 08:22:47 PM |
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2700 BTC sold! Bam!
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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July 09, 2013, 08:23:18 PM |
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To make money perhaps? Pump the price up and then dump for profit. What else could be the purpose?
To get his wall totally eaten? |
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Coinseeker
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July 09, 2013, 08:23:27 PM |
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LOL @ 77 wall.  |
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barbs
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July 09, 2013, 08:23:31 PM |
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lmao i was taunting him too by adding and removing 1 btc to the buy wall for a few mins
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Kazu
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July 09, 2013, 08:23:40 PM |
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I'm pretty sure at least part of that slope up to $77 is owned by the wall guy. Watch, the moment a order completes on that slope, they quickly move a second order and add it to the wall. I have no idea why they'd want to do that, but it sure seems to me like that's whats going on.
EDIT: And now its gone, was fun everybody.
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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July 09, 2013, 08:24:29 PM |
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how about this  e: aww crap ran away |
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hlynur
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July 09, 2013, 08:30:15 PM |
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5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds. is there a site that shows a history of previous walls? i didn't recognize that one on bitcoinity, but it's on my second monitor so perhaps i missed it. No... i have my own logs. it would be interesting to have charts that display the current wall situation at every time. market behaviour and patterns/strategies of manipulation could be analyzed very good in that way. as i'm not too gifted at maths (lasts for some basic trading  ) i have no clue how one could illustrate such charts though. |
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True___Blue
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July 09, 2013, 08:31:37 PM |
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And..... boom goes the dynamite.
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Kazu
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July 09, 2013, 08:31:47 PM |
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5k buy wall for few seconds a minute ago.
at 77.5
It was live for exactly 67 seconds. is there a site that shows a history of previous walls? i didn't recognize that one on bitcoinity, but it's on my second monitor so perhaps i missed it. No... i have my own logs. it would be interesting to have charts that display the current wall situation at every time. market behaviour and patterns/strategies of manipulation could be analyzed very good in that way. as i'm not too gifted at maths (lasts for some basic trading ) i have no clue how one could illustrate such charts though. Not to be a douchebag, but isn't that what chartbuddy is doing already? Note: It looks as if its going to fall to ~$72.5. |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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July 09, 2013, 08:33:04 PM |
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lmao i was taunting him too by adding and removing 1 btc to the buy wall for a few mins
LOL - small taunt  |
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 09, 2013, 08:33:28 PM |
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i like that |
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chairforce1
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July 09, 2013, 08:34:44 PM |
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is it just me or does it look like small volume buys trying to bring the price back up for dump number 2
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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July 09, 2013, 08:34:52 PM |
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2700 BTC sold! Bam!
On Moody it seemed more like 3500 (or were there smaller sells afterwards?) |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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July 09, 2013, 08:35:57 PM |
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is it just me or does it look like small volume buys trying to bring the price back up for dump number 2
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vokain
Legendary
Offline
Activity: 1834
Merit: 1019
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July 09, 2013, 08:36:13 PM |
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There's still so much fiat on the sidelines from the drop from 100s, dont forget. I doubt most of it got withdrawn
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Poll
