jimbobway (OP)
Legendary
 Offline
Activity: 1304
Merit: 1014
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April 25, 2013, 05:41:33 PM |
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Pro manipulators start by building a reputation in the forums by posting their analysis of the current bitcoin market. Once they develop trust they will use their acquired trust to their own advantage. They may even have multiple accounts.
I have witnessed this in action while trading stocks on Wallstreet and on Yahoo! forums. When Yahoo Finance was first introduced in the 1990s, it was a crazy wild west. Everyone including day traders, mutual fund managers, bankers, etc. would go to these forums and spew ridiculous claims. It came to a point where people sued other forum board members, and some were even prosecuted. Imagine if that would ever happen today! Laws were created that disallowed mutual fund managers to post in the forums, including Yahoo Finance and SiliconInvestor.
However, even though these laws were created I have seen manipulation that is illegal, but due to anonymity they cannot be caught and prosecuted (this was about 10 years ago). For example, I remember navigating the Yahoo Finance forums and one user was making a lot of good calls between different stock boards. This user then made a call to buy stock in xxx because of insider information. A lot of people started buying the stock and then a few days later the company was worth nothing. This still happens all the time with penny stocks and it used to be "more illegal", but nowadays it's a free for all due to "freedom of speech".
I'm pretty sure you guys all know this and I am preaching to the choir. :}
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Jaroslaw
Member
Offline
Activity: 84
Merit: 10
supernode
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April 25, 2013, 05:46:44 PM |
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The biggest maniupulator is the market and the markes says btc need go down atm  |
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mgio
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April 25, 2013, 05:56:34 PM |
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no, looks like someone just bought a buttload of bitocoins. back up to 155 now.
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Jaroslaw
Member
Offline
Activity: 84
Merit: 10
supernode
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April 25, 2013, 05:57:05 PM |
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no, looks like someone just bought a buttload of bitocoins. back up to 155 now.
Dont matter it will go down. |
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nkspace
Newbie
Offline
Activity: 14
Merit: 0
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April 25, 2013, 05:59:57 PM |
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panic selling
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 25, 2013, 06:07:15 PM |
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no, looks like someone just bought a buttload of bitocoins. back up to 155 now.
Dont matter it will go down. You are talking based on your Fiats in your account and hoping for buy back just on 'sentiment'. There are pros and amateurs.. |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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Jaroslaw
Member
Offline
Activity: 84
Merit: 10
supernode
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April 25, 2013, 06:09:10 PM |
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no, looks like someone just bought a buttload of bitocoins. back up to 155 now.
Dont matter it will go down. You are talking based on your Fiats in your account and hoping for buy back just on 'sentiment'. There are pros and amateurs.. No sir i just sold at 160$ because now its time to watch beautifull crash |
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NikolaTesla
Newbie
Offline
Activity: 28
Merit: 0
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April 25, 2013, 06:16:34 PM |
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no, looks like someone just bought a buttload of bitocoins. back up to 155 now.
Dont matter it will go down. You are talking based on your Fiats in your account and hoping for buy back just on 'sentiment'. There are pros and amateurs.. No sir i just sold at 160$ because now its time to watch beautifull crash Nice move I'm going to buy back in around 70 |
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jimbobway (OP)
Legendary
Offline
Activity: 1304
Merit: 1014
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April 25, 2013, 06:21:54 PM |
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Wow, thx for derailing my thread guys.
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nkspace
Newbie
Offline
Activity: 14
Merit: 0
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April 25, 2013, 06:22:25 PM |
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yeh same im going to back back in around 70
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 25, 2013, 06:24:49 PM |
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Wow, thx for derailing my thread guys.
Report them |
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Chalkbot
Legendary
Offline
Activity: 896
Merit: 1001
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April 25, 2013, 06:25:28 PM |
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Wow, thx for derailing my thread guys.
Looks like they are exactly on topic! |
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Jaroslaw
Member
Offline
Activity: 84
Merit: 10
supernode
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April 25, 2013, 06:27:06 PM |
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manipulators are bears or bulls ?  |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 25, 2013, 06:27:30 PM |
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I think you are right.
These newsletter guys are the bulk of it. But in the end the reality of the situation will catch up. And once it does there will be alot of sad faces around here.
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webchris
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April 25, 2013, 06:28:06 PM |
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Pro manipulators start by building a reputation in the forums by posting their analysis of the current bitcoin market. Once they develop trust they will use their acquired trust to their own advantage. They may even have multiple accounts.
Do you think individual users on this forum would be able to affect sentiment that much? It seems far easier and far more effective to manipulate the market using price. When you want to kill an antbed you don't pretend to be an ant and go tell them to move away, you pour gas on it. If you have money, market manipulation is easy. |
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zby
Legendary
Offline
Activity: 1592
Merit: 1001
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April 25, 2013, 06:38:39 PM |
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Pro manipulators start by building a reputation in the forums by posting their analysis of the current bitcoin market. Once they develop trust they will use their acquired trust to their own advantage. They may even have multiple accounts.
I have witnessed this in action while trading stocks on Wallstreet and on Yahoo! forums. When Yahoo Finance was first introduced in the 1990s, it was a crazy wild west. Everyone including day traders, mutual fund managers, bankers, etc. would go to these forums and spew ridiculous claims. It came to a point where people sued other forum board members, and some were even prosecuted. Imagine if that would ever happen today! Laws were created that disallowed mutual fund managers to post in the forums, including Yahoo Finance and SiliconInvestor.
However, even though these laws were created I have seen manipulation that is illegal, but due to anonymity they cannot be caught and prosecuted (this was about 10 years ago). For example, I remember navigating the Yahoo Finance forums and one user was making a lot of good calls between different stock boards. This user then made a call to buy stock in xxx because of insider information. A lot of people started buying the stock and then a few days later the company was worth nothing. This still happens all the time with penny stocks and it used to be "more illegal", but nowadays it's a free for all due to "freedom of speech".
I'm pretty sure you guys all know this and I am preaching to the choir. :}
Start with MtGox owner quipping about money in- and out-flows. |
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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April 25, 2013, 06:42:35 PM |
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I don't know about pro manipulators but there do seem to be some amateur manipulators around here like Jaroslaw or nkspace. Or maybe it's just one person posting with multiple accounts.
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Bitcoin = Gold on steroids
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 25, 2013, 06:45:50 PM |
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I don't know about pro manipulators but there do seem to be some amateur manipulators around here like Jaroslaw or nkspace. Or maybe it's just one person posting with multiple accounts.
I am starting to suspect it's smoothie. |
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nkspace
Newbie
Offline
Activity: 14
Merit: 0
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April 25, 2013, 06:50:05 PM |
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smoothie is a troll
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awakening
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April 25, 2013, 06:50:44 PM |
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I don't know about pro manipulators but there do seem to be some amateur manipulators around here like Jaroslaw or nkspace. Or maybe it's just one person posting with multiple accounts.
I am starting to suspect it's smoothie. Me too. |
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