dree12
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Activity: 1246
Merit: 1077
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November 14, 2011, 03:16:20 AM |
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Haha, look at him marching his cash army up the chart. He's getting other people to buy up so he can sell again, methinks.
And now he's in full retreat to 2,50. Looks temporary. Bear seems to be in trouble - too afraid to sell? Edit: wow, I was wrong again. Back down to $2.50. I underestimated Mr. Bear's money. |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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proudhon
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Activity: 2198
Merit: 1311
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November 14, 2011, 03:18:20 AM |
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Haha, look at him marching his cash army up the chart. He's getting other people to buy up so he can sell again, methinks.
And now he's in full retreat to 2,50. I believe the strategy is something like this. March a bunch cash out in the hope that other people put bids in front of your giant bids (because they'll feel more confident). When the bids build up enough, sell into the bids in front of your bids, then drop your giant bid and watch the market panic. Then buy back at a lower price. Repeat. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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dree12
Legendary
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Activity: 1246
Merit: 1077
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November 14, 2011, 03:19:40 AM |
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Haha, look at him marching his cash army up the chart. He's getting other people to buy up so he can sell again, methinks.
And now he's in full retreat to 2,50. I believe the strategy is something like this. March a bunch cash out in the hope that other people put bids in front of your giant bids (because they'll feel more confident). When the bids build up enough, sell into the bids in front of your bids, then drop your giant bid and watch the market panic. Then buy back at a lower price. Repeat. In effect, this "person" is providing liquidity. Rejoice! Edit: But why would he drop it to $2.5 first? Also, the positioning of his two walls stands to make him lose a lot of money... |
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BTCurious
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November 14, 2011, 03:20:12 AM |
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This is interesting. Also, I hope I'm guessing right with my money  |
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RyNinDaCleM
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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November 14, 2011, 03:23:25 AM |
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This is interesting. Also, I hope I'm guessing right with my money Me too! This event could cause a lot of win or loss. Only time will tell. |
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dree12
Legendary
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Activity: 1246
Merit: 1077
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November 14, 2011, 03:24:42 AM |
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This is interesting. Also, I hope I'm guessing right with my money Me too! This event could cause a lot of win or loss. Only time will tell. Where is Mt.Gox? These two walls can earn them some good cash! Buy the entire ask, and then sell into the bid. Since you earn commission, free money! |
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BTCurious
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November 14, 2011, 03:26:37 AM
Last edit: November 14, 2011, 11:31:09 PM by BTCurious |
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Where is Mt.Gox? These two walls can earn them some good cash!
Buy the entire ask, and then sell into the bid. Since you earn commission, free money! Lol! Genius! |
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