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Author Topic: Hold your horses.  (Read 2690 times)
pekv2
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August 07, 2011, 06:35:11 AM
 #1

Ionno, I have a gut feeling bitcoin will sky rocket.
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GeniuSxBoY
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August 07, 2011, 06:36:46 AM
 #2

There is one man in control of the market.


I refer to him as "The bot"
Oldminer
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August 07, 2011, 06:42:47 AM
 #3

Ionno, I have a gut feeling bitcoin will sky rocket.

So do I. I've always held that view. We aint seen nothing yet.

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
GeniuSxBoY
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August 07, 2011, 06:54:49 AM
 #4

The bot guy is playing with you. He makes it go up and down, It looks like someone is buying a ton of btc, but he's not buying hardly any at all.


Example:

If the highest bid is $6.
And the lowest ask is $7.
You can place a 100 btc bid.
You can place a 100 btc ask at the same time.

What happens when you place an order for $7.01?
It APPEARS as if someone bought 100 btc at $7. In reality, there is no trade at all.




Imagine having a bot place bids and asks up and down the number line as other people spend a lot of money or sell a lot btc. It appears like there are a lot of orders on the market but you know their his because humans can't place bids that fast after a huge upswing! \\\\

He is using a random number generator and taking that number and adding/subtracting it from a prime or root number (whatever mathematical equation he designed) and making a spread. The numbers are placed in symmetric pattern from low to high to low.

You can tell when he is manipulating the market because thousands of trades will be made but the VOLUME HARDLY MOVES.

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August 07, 2011, 07:01:40 AM
 #5

The bot guy is playing with you. He makes it go up and down, It looks like someone is buying a ton of btc, but he's not buying hardly any at all.


Example:

If the highest bid is $6.
And the lowest ask is $7.
You can place a 100 btc bid.
You can place a 100 btc ask at the same time.

What happens when you place an order for $7.01?
It APPEARS as if someone bought 100 btc at $7. In reality, there is no trade at all.




Imagine having a bot place bids and asks up and down the number line as other people spend a lot of money or sell a lot btc. It appears like there are a lot of orders on the market but you know their his because humans can't place bids that fast after a huge upswing! \\\\

He is using a random number generator and taking that number and adding/subtracting it from a prime or root number (whatever mathematical equation he designed) and making a spread. The numbers are placed in symmetric pattern from low to high to low.

You can tell when he is manipulating the market because thousands of trades will be made but the VOLUME HARDLY MOVES.



You seem to be the only one on this board who's paranoid about bots.  Do you have nightmares?
pekv2
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August 07, 2011, 07:03:49 AM
 #6

The guy that makes the comics here, should create a new comic of a character dreaming of bots in some way. Reading above made me laugh, thinking about the idea.
piramida
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August 07, 2011, 07:05:18 AM
 #7

yeah people often get crazy staring at the charts for days. when you see something moving while you are just staring, you start suspecting there's some mechanical being moving the price around Smiley poor crazies.

i am satoshi
GeniuSxBoY
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August 07, 2011, 07:09:56 AM
 #8

No it just pisses me off that I figured out how he's doing it but can't design my own bot because of time restrictions.

I can't do it as a human either.
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August 07, 2011, 07:19:00 AM
 #9

I think these washouts are a good thing, at this stage. Those early adopter and early heist and "teenage millionaires" bitcoins need to be redistributed. The lower it goes the better bitcoins get spread out among investors and general public. It is a good thing in my book.

So... do not hold your horses, do panic. The sooner we get a capitulation event the sooner we move on.

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piramida
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August 07, 2011, 07:24:20 AM
 #10

I think these washouts are a good thing, at this stage. Those early adopter and early heist and "teenage millionaires" bitcoins need to be redistributed. The lower it goes the better bitcoins get spread out among investors and general public. It is a good thing in my book.

So... do not hold your horses, do panic. The sooner we get a capitulation event the sooner we move on.


Exactly my thoughts. Weak need to be weeded out. You can become rich by just being lucky, but you can never hold your fortune without having balls.

i am satoshi
GeniuSxBoY
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August 07, 2011, 07:31:59 AM
 #11

Do you know how to sift gold out of mud?


This is the same concept. The bot is sifting your money out of the market at micro-increments each time the market shakes up and down!
julz
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August 07, 2011, 07:38:26 AM
 #12

This sort of crash might make some people who might otherwise only have mined - realize that it's worth having a few dollars in an exchange to take advantage of such dips.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
piramida
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August 07, 2011, 07:38:59 AM
 #13

I dont know who is weeding what, I'm up +30% in BTC since a month ago.

i am satoshi
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August 07, 2011, 07:49:16 AM
 #14

Do you know how to sift gold out of mud?


This is the same concept. The bot is sifting your money out of the market at micro-increments each time the market shakes up and down!
So why not just follow the bots direction and profit? When the bot drives it up we sell, when it drives it down we buy.

Tweet For Coins http://uptweet.com
GeniuSxBoY
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August 07, 2011, 08:00:16 AM
 #15

Quote
7.0800   8.16051
28.0000   8.13051
50.1700   8.1002
12.7407   8.10001
65.0000   8.09998
28.0000   8.06051
28.0000   8.01051
7.9900   8.01007
62.0004   8.01   


These all posted simultaneously.


If you sell your bitcoins for his price, the bot will instantly place a sell order on the other side.

If you buy his bitcoins that he is selling, the bot will instantly place a buy order on the other side.

No matter which way you go, he wins.
GeniuSxBoY
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August 07, 2011, 08:15:52 AM
 #16

Goodnight speculators Smiley


Have fun Smiley
FlipPro
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August 07, 2011, 08:18:04 AM
 #17

Goodnight speculators Smiley


Have fun Smiley
GN buddy buy in b4 u go to bed Wink

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BitcoinBug
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August 07, 2011, 08:58:46 AM
 #18

I think these washouts are a good thing, at this stage. Those early adopter and early heist and "teenage millionaires" bitcoins need to be redistributed. The lower it goes the better bitcoins get spread out among investors and general public. It is a good thing in my book.

So... do not hold your horses, do panic. The sooner we get a capitulation event the sooner we move on.


+1
Couldn't have said it better myself. It has to happen, better now than later.
payb.tc
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August 07, 2011, 09:41:55 AM
 #19

It has to happen, better now then later.

better now, and then not later at all.
oakpacific
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August 07, 2011, 10:10:56 AM
 #20

I think these washouts are a good thing, at this stage. Those early adopter and early heist and "teenage millionaires" bitcoins need to be redistributed. The lower it goes the better bitcoins get spread out among investors and general public. It is a good thing in my book.

So... do not hold your horses, do panic. The sooner we get a capitulation event the sooner we move on.


What I would say is people who invest their lunch money on bitcoins should leave as soon as possible, for their own good. Those who remain should be able to afford losing their entire investment without commiting suicide.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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