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Author Topic: Holy CRAP the manipulator has pulled out!!!!! Freefall seems inevitable  (Read 8616 times)
Minsc
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September 24, 2011, 04:00:19 PM
 #81

The Manipulator has cancelled his 3000BC buywall so my money is a drop to $2.  I'm going all in with a large order of all my money for $100 worth of coins there.

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NamelessOne
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September 24, 2011, 04:09:29 PM
 #82

Where was that buy 3000btc wall you are talking about? People have been selling into various walls for the last two hour. And there are plenty remaining.
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September 24, 2011, 04:10:26 PM
 #83

The Manipulator has cancelled his 3000BC buywall so my money is a drop to $2.  I'm going all in with a large order of all my money for $100 worth of coins there.

I can't quite tell whether you're being ironic about your large order, or whether you think $100 is actually a large amount of money.  For a teenager it can be, for anyone else it's a drop in the ocean.

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September 24, 2011, 04:17:40 PM
 #84

The Manipulator has cancelled his 3000BC buywall so my money is a drop to $2.  I'm going all in with a large order of all my money for $100 worth of coins there.

I can't quite tell whether you're being ironic about your large order, or whether you think $100 is actually a large amount of money.  For a teenager it can be, for anyone else it's a drop in the ocean.

Hopefully his large $100 bid wall keeps the price from going lower.
teukon
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September 24, 2011, 05:10:18 PM
 #85

The Manipulator has cancelled his 3000BC buywall so my money is a drop to $2.  I'm going all in with a large order of all my money for $100 worth of coins there.

Man, I was wondering who put that massive bid wall up.  This is going to have us stuck at an artificially high BTC price for days! Angry
Minsc
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September 24, 2011, 07:16:10 PM
 #86

Man, I was wondering who put that massive bid wall up.  This is going to have us stuck at an artificially high BTC price for days! Angry

I have found that whenever I buy on a bull market, the price drops.  The only way to buy coins that aren't overpriced is the very tip of a bear market.  I was hoping Thursday it would drop but it's Saturday and still not stagnating.  If it doesn't drop soon, I'm just taking my money out (to pay my rent) and then not putting any in until October 7th as the first week of the past few months have always been massive price drops that permanently lower bitcoin prices by several dollars.

Oh and this winter when mining makes electricity basically free, price may reach I don't know $1 temporarily.

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September 24, 2011, 08:08:42 PM
 #87

Don't assume weekly or monthly calendar patterns persist. Very often you find 2-3 times fulfilling your prophecy and then they do not work any more.
I still remember the talks about the dead-sure weekend drop and then it did not happen at all any more.

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NamelessOne
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September 24, 2011, 08:40:15 PM
 #88

Don't assume weekly or monthly calendar patterns persist. Very often you find 2-3 times fulfilling your prophecy and then they do not work any more.
I still remember the talks about the dead-sure weekend drop and then it did not happen at all any more.


Yes exactly. Recently it could be said that weekends are the rally days, but that might not last either.
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September 27, 2011, 11:29:03 PM
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September 27, 2011, 11:39:26 PM
 #90

I find that bitcoin is quite stable at the moment, maybe it is not the price that we want but stable nonetheless, which is good for merchants and their customers who are adopting bitcoins.
Minsc
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September 28, 2011, 02:55:30 AM
 #91

A 15% spread in 48 hours. That is not 'stable'.

5 * 0.15 = 0.75
The most wild of the swings were 5.13 and 4.78.  5.13-4.78 = 0.35

However, you cannot count the wild swings because they last moments and half the time Gox doesn't fill out people's orders and so you can only count on what the price been most of the time, which has been from 4.86 through 4.96.  That's about 1% movement a day

If this is too technical, look at http://mtgoxlive.com/orders?volumeon
Does it look like a tornado going all the way up?
In the last 96 hours it has been basically around 4.90 and not moving except one attempt at a rally that the manipulator crushed so he could buy cheap coins.  (4.90ish is a good low price to buy them the way things are going).

Basically the price has stagnated.  This is bad for speculators because if it swung from 5.00 to 6.00 every day and back and forth it would be far more stable than jumping somewhere and stagnating.  You could be all "Oh it will be back to X amount in a day so no worries, I can price my products based on this."

Instead it jumps, then it stagnates for days, then it jumps and stagnates.

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Minsc
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October 19, 2011, 03:09:26 AM
 #92

nobody pulled out, no fake bid walls, watched it live, was real selling through the 10-9.7 resistance all the way to low 9's


Yes when it crashes big, people are panic selling like this month.

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