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ardana123
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October 23, 2013, 04:35:18 PM |
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What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
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VolanicEruptor
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October 23, 2013, 04:38:14 PM |
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What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
Yeah man, it's going up WAYYYY too slow! It should be going up at least $50/day or else we're gonna stall out. OMGz |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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October 23, 2013, 04:38:45 PM |
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Will the fact that everyone wants cheap coins prevent the price from tanking too far?
Exactly, like everyone waiting for sub 50 coins last time, we might just remain in 3 digit figures post bubble. |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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October 23, 2013, 04:39:21 PM |
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bitstamp cant break 200, just yet.
once that goes down.. man... 266 all around here we come.
Then 150$ crash here we come !!! |
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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October 23, 2013, 04:41:06 PM |
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What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
Yeah man, it's going up WAYYYY too slow! It should be going up at least $50/day or else we're gonna stall out. OMGz That's not what he is saying... He isn't talking about the speed of price increase, he is talking about which exchange is leading the price increase. |
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Tzupy
Legendary
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Activity: 2170
Merit: 1094
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October 23, 2013, 04:44:24 PM |
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What worries me the most is Gox is leading the pump atm. China and stamp are reluctant to move forward. Since Goxusd is stuck, this is skewed.
China is moving up again but slowly, for now. I posted the chart that shows the trend in the China wall thread. |
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theonewhowaskazu
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October 23, 2013, 04:51:39 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.  maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. |
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MAbtc
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October 23, 2013, 04:53:35 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over. maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening) |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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October 23, 2013, 04:53:55 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over. maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. I originally thought that Wal's posts were all sarcastic. Now I realize he isn't all that bright. |
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theonewhowaskazu
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October 23, 2013, 04:58:16 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over. maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening) Sure you can manipulate volume. How will that help in manipulating price? I guess you can pick where, within the spread, the "last" price was. So? The spread isn't hundreds of yuan. |
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ChartBuddy
Legendary
 Online
Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 23, 2013, 05:02:10 PM |
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MAbtc
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October 23, 2013, 05:02:51 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over. maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening) Sure you can manipulate volume. How will that help in manipulating price? You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming... |
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bassclef
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October 23, 2013, 05:13:55 PM |
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The 1btc sell bot is at it again...
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ardana123
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October 23, 2013, 05:18:45 PM |
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Gox is going insane. No way this can last without a pullback, bitstamp and cny are remaining stagnant.
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Tzupy
Legendary
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Activity: 2170
Merit: 1094
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October 23, 2013, 05:29:37 PM |
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No, we go up for about 2 - 3 more days IMO. Well, it depends on volume, if it's really high we can
peak and crash tomorrow, if it's low we can slowly climb for a week, and then crash.
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DougTanner
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October 23, 2013, 05:34:56 PM |
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The march upwards on Gox is continuing unabated.  |
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Sitarow
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Activity: 1792
Merit: 1047
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October 23, 2013, 05:39:29 PM |
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jojo69
Legendary
Offline
Activity: 3332
Merit: 4615
diamond-handed zealot
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October 23, 2013, 05:42:38 PM |
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hang on !
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ardana123
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October 23, 2013, 05:43:06 PM |
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yes and a 300 btc sell would take us back to 213, waiting for someone to do it
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theonewhowaskazu
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October 23, 2013, 05:50:22 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over. maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening) Sure you can manipulate volume. How will that help in manipulating price? You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming... Volume manipulation can only affect price within the spread. I suppose it could indirectly affect price by screwing over other daytrader's indicators, but I don't think they could reliably do so in a way that would actually cause a defined trend in one direction. |
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