Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[seleme]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

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[TiagoTiago]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

Do you got the link handy?

[seleme]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

Do you got the link handy?

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

[kurious]

Does anyone else thinks that attack on the forum had a suspicious timing?

Even rpietila mentioned that a factor in any crash would be DDOS on the forum.

I hate to sign up to conspiracy theories - but it is a beacon we all tun to in exciting / troubled times.

Us being suddenly in the dark (with quite a few larger holders checking in) is no bad thing if someone WANTS market uncertainty.   Timing was odd, it did go apeshit for a while while we were off... And raiders tend to kick your door down when you are not best prepared and they will take any advantage to create chaos if they are planning a surprise.

That said my old Dad always said, it's usually more often simply a cock-up than a conspiracy.

If it was designed to spread FUD, I don't think it really worked that well.   Sub 500 did not happen and I could not see anyone making on both sides as easily as all that.  I did watch the ratios between China and Gox and they stayed pretty close for a long time- but not constantly.

So, not proven - but I am open minded.   Not difficult for someone to organise, really.....  Much easier than an exchange attack.

[kurious]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

Do you got the link handy?

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

Was saying the same thing (I was writing while you posted) but yep - it did stick in the mind.

[QuestionAuthority]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

Do you got the link handy?

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

There's no massive insight here. This is just a statement of history because it's happened several times before. Who on this forum is stupid enough to believe btc/usd-rate is not at the mercy of manipulators?

[TiagoTiago]

People hardly ever remember failed predictions...

[kurious]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

Do you got the link handy?

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

There's no massive insight here. This is just a statement of history because it's happened several times before. Who on this forum is stupid enough to believe btc/usd-rate is not at the mercy of manipulators?

Of course not, you are right.  And the exchanges were robust, so old Nostradamus didn't quite get it right, and it is one of those 'horoscope' type things that would always look prescient at some point....

[TiagoTiago]

Hm, big wall at about 1100...

[kurious]

Hm, big wall at about 1100...

Someone just bought a few right up to it....

Some fun starting?

[italeffect]

not for long...

[mmitech]

529 BTC at 1100 were bought

[keewee]

Tear down the wall!

[mmitech]

I have a feeling that this is the buy in before the big dump, you know to get people confident so they can put more orders that he cant eat up later

[molecular]

I have to say one thing: watching the bots playing on gox' trading engine via bitcoinwisdom orderbook display is a pleasure. Such speed!

[TiagoTiago]

Hm, big wall at about 1100...

[kurious]

I have a feeling that this is the buy in before the big dump, you know to get people confident so they can put more orders that he cant eat up later

Or maybe just a Wall Street fund guy who wants to leave at 5.00...

Going to be another interesting evening.

[wachtwoord]

Does anyone else thinks that attack on the forum had a suspicious timing?

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things

Do you got the link handy?

Coincidence? You know what say about conspiracy theory protagonists

[freethink2013]

Amazing how blase I've become. Back in the day I'd now have no coins and a load of fiat stuck in an exchange and be cursing my luck.

[bitleif]

http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSza1gSMAzm1g50zm2g25zl

I think this chart is pretty interesting, may signal that we're not done correcting yet. Someone smarter than me have any insights?