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Author Topic: SomeONE is pushing the price down  (Read 893 times)
Karma
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June 17, 2011, 06:53:15 PM
 #1

Has anyone else noticed that there are a lot of 0.15 BTC sells lately?

Like... as if someone (!) is slowly and carefully lowering the price of BitCoin and causing people to "panic" and sell their coins cheap.

I mean, come on. This is no coincidence. Social engineering win, and fail at the same time.

EDIT: By the way, I'm using this Chrome extension to see the current value and log.
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bacsilove
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June 17, 2011, 06:56:15 PM
 #2

I don't think so. The market is just going through a phrase and hopefully it'll go back up.
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June 17, 2011, 06:58:02 PM
 #3

You don't think what? That there's not somebody selling 0.15 coins over and over, snailing the price downwards?

I can't believe several people just HAPPENED to have exactly 0.15 BTC.

Or am I missing something?
allocater
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June 17, 2011, 07:03:39 PM
 #4

I watched it live the last 10 hours. Most of the time it's just boring skirmishes here and there, but once in a while somebody dumps giant sums of coins into the market to push through the 17 16 15 14 borders all in a few seconds. He succeeds and the border breaks. Then it jumps almost back up and continues to tribble downwards.
mantel
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June 17, 2011, 07:05:42 PM
 #5

You don't think what? That there's not somebody selling 0.15 coins over and over, snailing the price downwards?

I can't believe several people just HAPPENED to have exactly 0.15 BTC.

Or am I missing something?

Well a few pools have a minimum payout of 0.1 so it could be people cashing out... at a really small amount... and that reason it probably just a clutch at small straw.
oyster2000
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June 17, 2011, 07:10:34 PM
 #6

the bots have taken over, time to abandon mtgox and go with tradehill or bitcoin7 i think

entens
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June 17, 2011, 07:59:33 PM
 #7

I think that we're at the point where a sizable amount of traffic on mtgox is generated from trading bots, while early adopters with large BTC wallets are trying to slowly cash out while the price is high.

Seems like normal market correction to me.
AntiVigilante
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June 17, 2011, 08:03:06 PM
 #8

the bots have taken over, time to abandon mtgox and go with tradehill or bitcoin7 i think

#1 you think there's no bots for tradehill?
#2 bitcoin7 is a security train wreck

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
done
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June 17, 2011, 08:16:05 PM
 #9

If you wanna buy bitcoins now is a great time to and just hold them. If it goes down more then buy more and just hold them.
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