The Lame Train to Nowheresville

[GeniuSxBoY]

It's pretty clear that nobody is buying bitcoins anymore.  Anyone that's going to buy up a lot of coins right now to prove me wrong is just throwing away money.    The only reason the price is staying in place is because of a select few rich individuals that can absorb enough coins to counteract any attack.  Nobody is selling because they see how much money is 'readily available' but that money would be used by now if it were intended to be used.

It's like playing a nice game of basketball, when all of a sudden Lebron James enters the game. At first you're like HELL YAH.... then you quickly realize that the only one scoring is Lebron James.

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[oakpacific]

You praised Lebron James, that immediately makes your whole post worthless

[coined]

I think you have overreacted to every market up and down movement since you got here, now your overreacting to the market staying still, you would be one of those wall street guys that jumps out the window 

chill out man 

[GeniuSxBoY]

Seems like a dictatorship. "This is what the price will be"

instead of

"this is the value of the collective minds of a community"

[Edward50]

It is good that people are finally seeing the obvious market manipulation that I have been speaking about for so long now. It is obvious as ever when all of a sudden the bid side of mt gox. was increased by like 100%. Like I stated before, when we dropped to $5 dollars the bid side of mt gox. dropped by a large amount also.

The only reason anyone would try and prop the market up is because they hold a shit load of bitcoins and think they can increase value by trying to set a floor on the price.

I do not see how it can work long term as miners keep selling. Already it seems the price is falling to these floors. The only reason this person is holding in so long is that there is nobody selling huge amounts of bitcoins into these bid walls.

When this last manipulator pulled out of the market, the price of bitcoins fell to $5 dollars. What made him pull out was some individual was selling huge amounts of bitcoins into his bid walls. So this person had to buy thousands of bitcoins, and his walls were being sold into by someone. Seems like this peson who sold into these bid walls is not doing it now, so this person is back trying to set a new floor on bitcoins.

With a fake floor in place, miners should be selling their bitcoins into this because I can not see it holding for the long run.

[tvbcof]

It's pretty clear that nobody is buying bitcoins anymore.

I'm buying again.  Got various bids in at different levels.  Just waiting for another shakeout like a few weeks ago to see if they get hit again.  I missed my big purchase by about 40 cents last time.  Oh well...maybe better luck next time.

[S3052]

It's pretty clear that nobody is buying bitcoins anymore.  Anyone that's going to buy up a lot of coins right now to prove me wrong is just throwing away money.    The only reason the price is staying in place is because of a select few rich individuals that can absorb enough coins to counteract any attack.  Nobody is selling because they see how much money is 'readily available' but that money would be used by now if it were intended to be used.

Rather than complaining you could better try to attract new people into bitcoin, etc.

[coined]

It's pretty clear that nobody is buying bitcoins anymore.  Anyone that's going to buy up a lot of coins right now to prove me wrong is just throwing away money.    The only reason the price is staying in place is because of a select few rich individuals that can absorb enough coins to counteract any attack.  Nobody is selling because they see how much money is 'readily available' but that money would be used by now if it were intended to be used.

Rather than complaining you could better try to attract new people into bitcoin, etc.

S3052 I saw your post in the press hits thread about http://www.bitcoindeals.com  

that may one of the biggest things developed for bitcoin yet as far as getting mainstream attention it's the ultimate answer to the question "but what can you buy with them?" I don't understand why it's not being seen as the big deal that it is, if it's 50% of what it claims it's almost up there with silk road for headline worthiness. does it have it's own thread?

[fcmatt]

It's pretty clear that nobody is buying bitcoins anymore.  Anyone that's going to buy up a lot of coins right now to prove me wrong is just throwing away money.    The only reason the price is staying in place is because of a select few rich individuals that can absorb enough coins to counteract any attack.  Nobody is selling because they see how much money is 'readily available' but that money would be used by now if it were intended to be used.

Rather than complaining you could better try to attract new people into bitcoin, etc.

S3052 I saw your post in the press hits forum about http://www.bitcoindeals.com 

that may one of the biggest things developed for bitcoin yet as far as getting mainstream attention it's the ultimate answer to the question "but what can you buy with them?" I don't understand why it's not being seen as the big deal that it is, if it's 50% of what it claims almost up there with silk road for headline worthiness. does it have it's own thread?

one word: Doba

[S3052]

It's pretty clear that nobody is buying bitcoins anymore.  Anyone that's going to buy up a lot of coins right now to prove me wrong is just throwing away money.    The only reason the price is staying in place is because of a select few rich individuals that can absorb enough coins to counteract any attack.  Nobody is selling because they see how much money is 'readily available' but that money would be used by now if it were intended to be used.

Rather than complaining you could better try to attract new people into bitcoin, etc.

S3052 I saw your post in the press hits thread about http://www.bitcoindeals.com  

that may one of the biggest things developed for bitcoin yet as far as getting mainstream attention it's the ultimate answer to the question "but what can you buy with them?" I don't understand why it's not being seen as the big deal that it is, if it's 50% of what it claims almost up there with silk road for headline worthiness. does it have it's own thread?

It does not have its own thread, but based on what I have seen with my own eyes, it should be. I think I have seen alone 20,000 items in the electronics and computer category. I just opened a thread: https://bitcointalk.org/index.php?topic=39085.0

[Serge]

It is good that people are finally seeing the obvious market manipulation that I have been speaking about for so long now. It is obvious as ever when all of a sudden the bid side of mt gox. was increased by like 100%. Like I stated before, when we dropped to $5 dollars the bid side of mt gox. dropped by a large amount also.

The only reason anyone would try and prop the market up is because they hold a shit load of bitcoins and think they can increase value by trying to set a floor on the price.

I do not see how it can work long term as miners keep selling. Already it seems the price is falling to these floors. The only reason this person is holding in so long is that there is nobody selling huge amounts of bitcoins into these bid walls.

When this last manipulator pulled out of the market, the price of bitcoins fell to $5 dollars. What made him pull out was some individual was selling huge amounts of bitcoins into his bid walls. So this person had to buy thousands of bitcoins, and his walls were being sold into by someone. Seems like this peson who sold into these bid walls is not doing it now, so this person is back trying to set a new floor on bitcoins.

With a fake floor in place, miners should be selling their bitcoins into this because I can not see it holding for the long run.

every participant on any market is a manipulator trying to score best deal for him/her self. what's new?  

[dustintrammell]

I do not see how it can work long term as miners keep selling. Already it seems the price is falling to these floors. The only reason this person is holding in so long is that there is nobody selling huge amounts of bitcoins into these bid walls.

This may be true, but at some point prices dropping due to this effect reach an equilibrium where it is no longer profitable for miners to mine and immediately liquidate.  Guess what happens then?  They stop selling.

When this last manipulator pulled out of the market, the price of bitcoins fell to $5 dollars. What made him pull out was some individual was selling huge amounts of bitcoins into his bid walls. So this person had to buy thousands of bitcoins, and his walls were being sold into by someone. Seems like this peson who sold into these bid walls is not doing it now, so this person is back trying to set a new floor on bitcoins.

Speculate much? (:

With a fake floor in place, miners should be selling their bitcoins into this because I can not see it holding for the long run.

Define a "fake" floor.  Traders have put in bids at given prices.  If someone were to go sell through these floors, the orders will execute.  Seems like pretty real trading to me...

[ruski]

Dont curse liquidity. Sounds to me like you're jealous and/or want cheaper coins. This "one big investor" may well be a fund. Remember those dark pools? Their money has to move too. Find something useful to do with your time OP.

[evoorhees]

I think you have overreacted to every market up and down movement since you got here, now your overreacting to the market staying still, you would be one of those wall street guys that jumps out the window 

chill out man 

This is SOOOO true. Freak out when up. Freak out when down. Freak out when still.

[FlipPro]

Genius no offense but you do need a chill pill  . We had a market low of around $7 with news that would have killed ANY OTHER CURRENCY. But guess what, we are STILL HERE.

Go check this out, it's not done yet but it's coming soon

http://bitcoincloset.com

Been working on this for past couple of weeks as a side project. Finally almost done !

[geek-trader]

Why does anyone pay attention to anything GeniuSxBoY says?

[GeniuSxBoY]

Why does anyone pay attention to anything a meteorologist says?

[FlipPro]

What do you think about my site so far ?

[joulesbeef]

stability is a good thing when you want bitcoin to expand as a currency.

volatility is great for speculation and gambling

the question is what do you want it to do?

were you happier at $6?

I'm guessing you were happier when it was fluctuating like crazy.

and You know the planet is still feeling some economic pain? Not exactly the time to try something new and unproven as  a safehaven.

Sure I'd love to see it at $50, actually I'd like to see it drop to $1 tomorrow and then rally to $50 on monday But hey I'm happy with stability as well.

[GeniuSxBoY]

stability is a good thing when you want bitcoin to expand as a currency.

Stability in an environment deemed as "growing" is terrible. Ask any midget.