> 2.1: temporary manipulative bailout or sign of reversal?

[dree12]

We've spiked above $2.1 again. Is this just one huge buy, or a sign of a reversal?

[1714134486]

1714134486

[1714134486]

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[1714134486]

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[RyNinDaCleM]

Someone trying to jump start a rally but failed?

[proudhon]

Someone trying to jump start a rally but failed?

Wow, I feel bad for that guy.

[pirateat40]

There is blood in the streets... RUN, while you still can.

[mjcmurfy]

Wow, I feel bad for that guy.

Somehow, I find that hard to believe.

[ElectricMucus]

Actually there is plenty of dark pool resistance @2 (bitcoinica limit orders) it should bounce over it for a while before we finally creep down crossing it slowly but surely.

[pirateat40]

Actually there is plenty of dark pool resistance @2 (bitcoinica limit orders) it should bounce over it for a while before we finally creep down crossing it slowly but surely.

Bitcoinica doesn't have the volume to contend with this cat.

[ElectricMucus]

The price is again going down too fast. The big crash is coming but it should last at least a week till it is there. Patience, there also should be a final shorting opportunity ahead

Actually there is plenty of dark pool resistance @2 (bitcoinica limit orders) it should bounce over it for a while before we finally creep down crossing it slowly but surely.

Bitcoinica doesn't have the volume to contend with this cat.

It does apparently, every time a sell wall was pushed down to 2 it was gobbled up within a few seconds.

[pirateat40]

It does apparently, every time a sell wall was pushed down to 2 it was gobbled up within a few seconds.

That's the classic stock market thinking, just not this time. Sit back and enjoy the show.

[ElectricMucus]

It does apparently, every time a sell wall was pushed down to 2 it was gobbled up within a few seconds.

That's the classic stock market thinking, just not this time. Sit back and enjoy the show.

It's just for not triggering the indicators.
Mind you there are plenty of bots which all use these indicators, and since bitcoinica ~1/3 of mtgox volume and bots another slice in similar size which nobody knows the remaining people can do much, but not everything they want except in rare cases were people own a really fat wallet and dump it there.

If that happens there is oscillations which amplitude get higher if the dumping takes place in fast succession. Reminds me of the firing pattern of neurons, maybe that might be a good predictive model for this thing 

[pirateat40]

I don't think this seller is reckless, but I do believe they have massive volume and only temporary sucking up the buyers over $2 while they can.

[adamstgBit]

i don't know about everyone else but ....

i'v been watching it drop for months

when it reached ~2.5$ (last month) i couldnt help it i had to BUY

once again i just cant help it BUY BUY BUY! its crazy cheep

[ElectricMucus]

I don't think this seller is reckless, but I do believe they have massive volume and only temporary sucking up the buyers over $2 while they can.

Exactly but in order to do that the oscillation may not be damped. Because if it is the buyers above 2 might not show up.
Its the same game all over, curious why it still works.

[tvbcof]

I don't think this seller is reckless, but I do believe they have massive volume and only temporary sucking up the buyers over $2 while they can.

Exactly but in order to do that the oscillation may not be damped. Because if it is the buyers above 2 might not show up.
Its the same game all over, curious why it still works.

I've yet to hear a cogent and descriptive definition of 'game over', and in fact I don't think I've ever heard anyone really tackle that.  A handful of folks fiddling around with Bitcoin on packet radio or some such could have 'a game' and probably kind of an interesting one.

I'm guessing that Chodpaba was right and we are in a phase where BTC changes hands from the category of people who would tend to be early adopters of something like Bitcoin to a different, unspecified, category.  'bag holders'?  Possibly.  Time will tell.

[dree12]

I don't think this seller is reckless, but I do believe they have massive volume and only temporary sucking up the buyers over $2 while they can.

Exactly but in order to do that the oscillation may not be damped. Because if it is the buyers above 2 might not show up.
Its the same game all over, curious why it still works.

I've yet to hear a cogent and descriptive definition of 'game over', and in fact I don't think I've ever heard anyone really tackle that.  A handful of folks fiddling around with Bitcoin on packet radio or some such could have 'a game' and probably kind of an interesting one.

I'm guessing that Chodpaba was right and we are in a phase where BTC changes hands from the category of people who would tend to be early adopters of something like Bitcoin to a different, unspecified, category.  'bag holders'?  Possibly.  Time will tell.

"Game over": A phrase used to describe the Bitcoin price changes past December 21, 2012.

[tvbcof]

Exactly but in order to do that the oscillation may not be damped. Because if it is the buyers above 2 might not show up.
Its the same game all over, curious why it still works.

I've yet to hear a cogent and descriptive definition of 'game over', and in fact I don't think I've ever heard anyone really tackle that.  A handful of folks fiddling around with Bitcoin on packet radio or some such could have 'a game' and probably kind of an interesting one.

"Game over": A phrase used to describe the Bitcoin price changes past December 21, 2012.

In other words, a meaningless catch-phrase that people toss around for whatever reason people toss such things around.  That was my suspicion.

[ElectricMucus]

Whats wrong with a little meme trolling?  

Anyway the wall is back @2

Correction 2.2
LOL

[mjcmurfy]

Back up to $2.20 with a 50k wall at $2.
So much for the $1.xx prices so many of you were hoping for.
Not tonight anyway.

Edit: scratch that, now it's 100k bitcoins required to get back to $2.

[bittenbob]

Back up to $2.20 with a 50k wall at $2.
So much for the $1.xx prices so many of you were hoping for.
Not tonight anyway.

From the steps Im seeing on MTGox live i think our manipulator is getting back in it. Just when I thought he was gone for good.

[mjcmurfy]

I hope all you of you who were shorting on bitcoinica have taken your profits already.