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Author Topic: Artificial Crash?  (Read 653 times)
CSSpencer (OP)
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December 06, 2013, 07:46:25 PM
 #1

This looks way to much like April, I mean look at the volume of BTC changing hands.

Something is up, 30 minute delay on Gox.
It looks like we're stuck on replay..

https://i.imgur.com/xembW1R.png?1

I'm new here, so I'm curious of some of the better informed members opinions.
bernanke
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December 06, 2013, 08:04:09 PM
 #2

Yes!
bitcointalk.org/index.php?topic=360152.0
Thought it was something wrong with my browser Tongue
It's in a loop!
ajax3592
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December 06, 2013, 08:15:27 PM
 #3

Whales would like to earn some quick profit by manipulating the market at this time by selling their stashes as we are heading towards a crash.

Crypto news/tutorials >>CoinRamble<<                            >>Netcodepool<<                >>My graphics<<
Kiki112
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December 06, 2013, 08:21:06 PM
 #4

Whales would like to earn some quick profit by manipulating the market at this time by selling their stashes as we are heading towards a crash.

why do you think we're heading towards a crash  Huh
and btw if mt.gox is being manipulated how come did bitstamp prices go down too?
maybe it's because of relation of those two but still Cheesy

VeryTripy
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December 06, 2013, 08:44:02 PM
 #5

It is a panic price drop. Pure speculation. Most of these threads about mt. gox and the trolls that try to convince you that it is the end ar actually working for their own gain. Why? Because they want to drive the price down, buy bitcoin cheap and wait until the price rises again. Get used to this. Then they do the cycle all over again. This is how they work. They are probably more invested in bitcoin than we are.
ajax3592
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December 06, 2013, 08:45:34 PM
 #6

It is a panic price drop. Pure speculation. Most of these threads about mt. gox and the trolls that try to convince you that it is the end ar actually working for their own gain. Why? Because they want to drive the price down, buy bitcoin cheap and wait until the price rises again. Get used to this. Then they do the cycle all over again. This is how they work. They are probably more invested in bitcoin than we are.

Damn, you ain't no newbie  Grin
Jokes apart we are in midst of times where we should tread carefully and wait for the weekend to get over.

Crypto news/tutorials >>CoinRamble<<                            >>Netcodepool<<                >>My graphics<<
pand70
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December 06, 2013, 09:04:40 PM
 #7

You don't need any kind of manipulation to sell after the news that baidu no longer accepts bitcoins. Remember the hype when baidu announced that they accept bitcoins?

zugende
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December 06, 2013, 09:30:03 PM
 #8

Hmm.. I still dont get it how to interpret this "loop".
Correct me if I am wrong: The price goes down to a certain kind of level, then someone just put a big buy-order in the pool, which will rise the price. And what they`re doing next? How they are going to make money out of this?

Best regards,

zugende
immortal4now
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December 06, 2013, 09:46:37 PM
 #9

This regular trade pattern may create trading bots I believe

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Martijnvdc
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December 06, 2013, 09:49:47 PM
 #10

I have noticed the pattern as well. It's buying and selling an equal amount of BTC each time...
pand70
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December 06, 2013, 10:03:55 PM
 #11

Hmm.. I still dont get it how to interpret this "loop".
Correct me if I am wrong: The price goes down to a certain kind of level, then someone just put a big buy-order in the pool, which will rise the price. And what they`re doing next? How they are going to make money out of this?

Best regards,

zugende

It looks like they just repeat the order book. Not sure what happens with the new orders though.

wasserman99
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December 06, 2013, 10:07:53 PM
 #12

i think this was due to the mt gox trade engine freeze.

alienhobbit
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December 06, 2013, 10:09:36 PM
 #13

Or maybe they are trying to do this:

http://en.wikipedia.org/wiki/High-frequency_trading
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