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Author Topic: I believe I manipulate the markets  (Read 1067 times)
Minsc
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September 05, 2011, 10:08:52 PM
 #1

Every time on Mt Gox I sell my coins, the price starts going up.  Every time on Mt Gox I buy coins, the price starts going down.  Every single time.

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SlaveInDebt
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September 05, 2011, 10:10:37 PM
 #2


"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
coined
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September 05, 2011, 10:10:57 PM
 #3

Every time on Mt Gox I sell my coins, the price starts going up.  Every time on Mt Gox I buy coins, the price starts going down.  Every single time.


what way you going next?  Grin Grin Grin
fcmatt
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September 05, 2011, 10:12:35 PM
 #4

Well just do the opposite that you are doing then ;-)

If you feel the need to sell. BUY.
If you feel the need to buy. SELL.

Everything will work out in the end.
Minsc
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September 05, 2011, 10:19:10 PM
 #5

Well I only have so much money in there and eventually I sell or buy all of them.

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MrWizard
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September 05, 2011, 10:36:57 PM
 #6

Well just do the opposite that you are doing then ;-)

If you feel the need to sell. BUY.
If you feel the need to buy. SELL.

Everything will work out in the end.
That's the famous George Costanza method.  It really works!

"I walked into the room dripping in Bitcoins.  Yea dripping in Bitcoins."
(BTC) 168DCCeGmDy3xTWRimLVhvKtK3yEWbpsSg     (LTC) LbYS8VFqFSU7B9bfaHD11seQMtrtYEKpLe
(BBQ) bNVZErvwLzpEG7H3kt1fycWspzRQB1MJzL
Minsc
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September 06, 2011, 02:12:53 AM
 #7

Right after I sold it, some tricky bastard put a 2500 coin bidwall at 7.50 then I thought it was going to raise so I bought.  Then he made it vanish so I sold.  30 minutes later he came back and made it 7.55, then 7.60 for hours.  I was so pissed I figured if it starts raising back up, I'm just withdrawing them all and never coming back.

I stopped watching and left.

Thankfully, he quit buying and it dorpped to 7.15.

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fcmatt
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September 06, 2011, 02:19:14 AM
 #8

Right after I sold it, some tricky bastard put a 2500 coin bidwall at 7.50 then I thought it was going to raise so I bought.  Then he made it vanish so I sold.  30 minutes later he came back and made it 7.55, then 7.60 for hours.  I was so pissed I figured if it starts raising back up, I'm just withdrawing them all and never coming back.

I stopped watching and left.

Thankfully, he quit buying and it dorpped to 7.15.

according to the volume that 2500 coin bidwall was nailed by what I think was an individual selling and it did not just vanish. At least that
is how I am interpreting things.

there are a few people (maybe one?) that has no issue selling into a holiday market to unload a lot of btc. is this an early adopter?
I would think so. But this is just speculation on my part. Eventually this type of person runs out of btc.
Minsc
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September 06, 2011, 03:44:05 AM
 #9

fcmatt, the bidwall was for was buying not selling.

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Minsc
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September 06, 2011, 04:45:16 AM
 #10

Thankfully I was wrong this time.  It is still tanking and my coins are sold off.

But of course when I sleep it might sneak back up to $10 and then just sit there for a month.  It always jumps somewhere bad for me and sits there for a month.

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RyNinDaCleM
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September 06, 2011, 04:53:42 AM
 #11

I get the same kind of thing happening! While I'm sleeping or at work, it does something big! I can't tell you how many times that has happened!

Minsc
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September 06, 2011, 07:25:34 AM
 #12

I'm still waiting to buy.  I hope it doesn't suddenly go way up while I sleep.  I've got my iphone next to my bed so I can look and see if it does, but it looks like it will keep falling for a little longer.

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mmortal03
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September 06, 2011, 09:32:45 AM
 #13

I get the same kind of thing happening! While I'm sleeping or at work, it does something big! I can't tell you how many times that has happened!

Me too.  I think we need to start using this: https://bitcoinnotify.com/
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