I like the manipulator, I had him all wrong, he is robbing you fools

[Edward50]

First, I will be upfront that I want most of the bitcoin holders to lose money. This is mainly because of the flaming they put me through when I was bearish from the peak at $30.

I thought the manipulator was trying to keep the price up higher, but this never made much sense to me why he would financially take on this burden. How could someone with so much money be so stupid to think that bitcoins are going to increase in value. Why would he try and prop up the price, while continue to lose the battle on the way down. I just could not figure it out. Well, someone brought to my attention what the manipulator is all about. He is about taking money from many of the bitcoin buyers, or "suckers/fools".

He places these bid walls so that he can sell his own bitcoins in front of his walls to the suckers/fools. I like this because I do this on Ebay with rare antiques that I collect. When I see an antique that I want to buy, I will flood ebay with my own similar antiques. This will cause people to not bid so highly on the antique I want to buy because they see many more of the same or similar ones coming to the market. I then buy up the antique I want to buy, and then remove/end my ebay listings. Works like a charm.

I am manipulating ebay for the buying end, while the manipulator is manipulating for the selling end. We are both scamming the system, stealing from the suckers out there. We play on peoples psychology and stupidity. The manipulator makes bitcoin buyers think that there is lots of buying support, so they will pay more money. I make ebay  buyers think that there is much more items being sold, so I will buy them up cheaper.

So the manipulator is not trying to raise the overall long term price, he is about short term interests. He could care less the price of bitcoin. he is about stealing money from you suckers. In a way, his tactics will actually make bitcoin price lower in the long run, because he is robbing money from the system. He was probably the main guy who pushed bitcoin to $30.00. He surely has the money to do this, and all he needed was to spend some of it on the way up.

I like him. We will be at $1.00 before you know it. The manipulator will still be around doing his tactics. This is all funny because bitcoin is supposed to be an uncontrolled currency, but it is very well manipulated. In a way, it is being used as a way to make money from the "stupid money out there". All it is is just a way to transfer wealth around, nothing productive is created.

So go on manipulator, put your bid walls up, rob money from the suckers/fools who flamed me when I tried to help/warn them.

[1713965796]

1713965796

[1713965796]

1713965796

[Jonathan Ryan Owens]

First, I will be upfront that I want most of the bitcoin holders to lose money. This is mainly because of the flaming they put me through when I was bearish from the peak at $30.

I thought the manipulator was trying to keep the price up higher, but this never made much sense to me why he would financially take on this burden. How could someone with so much money be so stupid to think that bitcoins are going to increase in value. Why would he try and prop up the price, while continue to lose the battle on the way down. I just could not figure it out. Well, someone brought to my attention what the manipulator is all about. He is about taking money from many of the bitcoin buyers, or "suckers/fools".

He places these bid walls so that he can sell his own bitcoins in front of his walls to the suckers/fools. I like this because I do this on Ebay with rare antiques that I collect. When I see an antique that I want to buy, I will flood ebay with my own similar antiques. This will cause people to not bid so highly on the antique I want to buy because they see many more of the same or similar ones coming to the market. I then buy up the antique I want to buy, and then remove/end my ebay listings. Works like a charm.

I am manipulating ebay for the buying end, while the manipulator is manipulating for the selling end. We are both scamming the system, stealing from the suckers out there. We play on peoples psychology and stupidity. The manipulator makes bitcoin buyers think that there is lots of buying support, so they will pay more money. I make ebay  buyers think that there is much more items being sold, so I will buy them up cheaper.

So the manipulator is not trying to raise the overall long term price, he is about short term interests. He could care less the price of bitcoin. he is about stealing money from you suckers. In a way, his tactics will actually make bitcoin price lower in the long run, because he is robbing money from the system. He was probably the main guy who pushed bitcoin to $30.00. He surely has the money to do this, and all he needed was to spend some of it on the way up.

I like him. We will be at $1.00 before you know it. The manipulator will still be around doing his tactics. This is all funny because bitcoin is supposed to be an uncontrolled currency, but it is very well manipulated. In a way, it is being used as a way to make money from the "stupid money out there". All it is is just a way to transfer wealth around, nothing productive is created.

So go on manipulator, put your bid walls up, rob money from the suckers/fools who flamed me when I tried to help/warn them.

While I don't agree with your assumptions, I share in your desire for the end goal. He isn't buying coins to resell higher, he's desperate to keep the price high, as his whole existence is centered around a high fiat <> BTC price.

[bittenbob]

And there you have it folks. People want to drive down the value of the currency because they are bitter that they lost so much when it was at $15-$30. There is not much that can be done to stop the manipulator unless somone finds a way to punish him/them for putting up their bidwalls. Of course whoever was to do this would require a lot of capital themselves.

[PatrickHarnett]

observation - without the "manipulator, Edward would have nothing to post about.

[tvbcof]

I'm not sure what is more difficult to believe:

1) It took you this long to figure it out, or

2) you have enough outrage to start several thread per day about something which you would do yourself....and publicly wet yourself over your own cleverness about it to boot.

[Edward50]

I agree, i was stupid not to realize it earlier. I just didn't see how he could be doing that to make money. I saw many times his bidwalls were sold into wiping him out, only to form a new and lower bitcoin price. He then bought all those bitcoins, and now he can't push the price up higher than the point he bought the bitcoins. I think that he does lose and wins, but if he continues his tactics, he must be winning in the long run. hopefully so for his sake.

[bittenbob]

I hope he loses for bitcoins sake

[Jonathan Ryan Owens]

I hope he loses for bitcoins sake

He's already lost, he just won't accept it yet.

[S3052]

Well, someone brought to my attention what the manipulator is all about. He is about taking money from many of the bitcoin buyers.

He places these bid walls so that he can sell his own bitcoins in front of his walls to the suckers/fools.

So the manipulator is not trying to raise the overall long term price, he is about short term interests. He could care less the price of bitcoin. he is about stealing money from you suckers. In a way, his tactics will actually make bitcoin price lower in the long run, because he is robbing money from the system. He was probably the main guy who pushed bitcoin to $30.00. He surely has the money to do this, and all he needed was to spend some of it on the way up.

I like him. We will be at $1.00 before you know it. The manipulator will still be around doing his tactics. This is all funny because bitcoin is supposed to be an uncontrolled currency, but it is very well manipulated. In a way, it is being used as a way to make money from the "stupid money out there". All it is is just a way to transfer wealth around, nothing productive is created.

So go on manipulator, put your bid walls up, rob money from the suckers/fools who flamed me when I tried to help/warn them.

While I don't agree on the desire to harm bitcoin overall, I do agree that your theory is one viable option(and I cleaned up your post via removing all your ebay stuff).

The person has so much market power that he can make money via this tactics. He probably has the lowest fees on MtGox and hence can make money with lowest spreads.

The only way to change this is to attract more people to buy bitcoins. Once the "manipulator = big trader" does not have such a big market power any more, its over for him.

[Cluster2k]

While I don't agree on the desire to harm bitcoin overall, I do agree that your theory is one viable option(and I cleaned up your post via removing all your ebay stuff).

The person has so much market power that he can make money via this tactics. He probably has the lowest fees on MtGox and hence can make money with lowest spreads.

The only way to change this is to attract more people to buy bitcoins. Once the "manipulator = big trader" does not have such a big market power any more, its over for him.

This is the key problem.  We need to attract more buyers to raise the price without making it sound like we're trying to sucker people in to a dodgy investment.  One that has fallen 93% in value from its brief peak.

Us: "Come join bitcoin.  Buy some bitcoins"

Them: "Okay, why?"

Us: "So that the price of bitcoins will rise"

Them: "Who holds the existing bitcoins?"

Us: "We do"

Them: "So, why exactly is it in my interest to buy them and help you out?"

[S3052]

Agree, cluster.

It is about the symbiosis of 1) more investors and 2) a sustainable growth in the bitcoin economy.

[Vandroiy]

It doesn't seem very logical to assume the buyer right now intends to drive price down further. The volume is just too high, he'd be hitting the size of the market. Some people bought all that volume, and assuming the majority did that to dump them again while the crash is going on sounds insane. If a large player were to panic sell 400k BTC, just half of the current weekly volume so far, he'd neither get much money out of it nor much larger additional panic volume to profit from.

This thread also confuses all big movements to come from the same person. While it's true that the bids look like a large player is involved, it's absurd to assume that person to be responsible for every large move in the last months.

Current tactics of the large player on the buying side are fairly obvious: buy in the range 1.8-2.5, maximize BTC volume. I'm not even certain he really cares about price in this range, he just buys with power. So, if he is indeed the same person as the seller, which I'm not so certain about, he would be using exactly the tactic Edward50 described in the Ebay example: try to collect as many BTC as possible, killing the short sellers in an evil squeeze.

I have very similar thinking, so if I had a lot of money, I'd be doing pretty much what the large buyer does now. But I can only hold weakly against the panic, even with the bubble in June I'm not rich yet. Too bad, eh?

[ElectricMucus]

Current tactics of the large player on the buying side are fairly obvious: buy in the range 1.8-2.5, maximize BTC volume. I'm not even certain he really cares about price in this range, he just buys with power. So, if he is indeed the same person as the seller, which I'm not so certain about, he would be using exactly the tactic Edward50 described in the Ebay example: try to collect as many BTC as possible, killing the short sellers in an evil squeeze.

There is plenty of supply from miners capitulating once the price raises above a certain level. All he can hope is squeezing out people who short independent of technicals and at full margin and he is loosing every time he pushes too hard..

[Vandroiy]

"Losing" is such a strong word in a probabilistic environment.

Anyone buying only ever loses if Bitcoin actually dies or he sells low. If it recovers in two years, the speculation still brings an extremely massive profit in very little time, no matter what happens in between.

[evoorhees]

So by placing a massive buy wall, he's risking the chance that others will dump tons of coins on him (which he allegedly doesn't want) in order to sell a few coins marginally higher than he otherwise could?

And such a strategy has been occurring since the high in the $30's?

And yet even with such a high profile and public discussion of this strategy on the Bitcoin trading forum there is still nobody that is able to predict and counter these moves?

Doesn't really pass the straight-face test.

[ThomasV]

I am an atheist. I believe that "the Manipulator" does not exist. It is a product of your imagination.

[bulanula]

I am an atheist. I believe that "the Manipulator" does not exist. It is a product of your imagination.

Someone with $100 000 and / or 50 000 BTC could easily manipulate the whole market.

Are you saying these sorts of people do not exist ? 

[OgNasty]

First, I will be upfront that I want most of the bitcoin holders to lose money.

You are a douchebag.

[mjcmurfy]

I am an atheist. I believe that "the Manipulator" does not exist. It is a product of your imagination.

Someone with $100 000 and / or 50 000 BTC could easily manipulate the whole market.

Are you saying these sorts of people do not exist ? 

What is it about sarcasm that seems to go over the heads of certain people?

[mjcmurfy]

I like the manipulator, I had him all wrong, he is robbing you fools.

*snip*

I want most of the bitcoin holders to lose money.

*snip*

Someone brought to my attention what the manipulator is all about. He is about taking money from many of the bitcoin buyers, or "suckers/fools".

*snip*

I like this because I do this on Ebay with rare antiques that I collect ... Works like a charm.

*snip*

We are both scamming the system, stealing from the suckers out there. We play on peoples psychology and stupidity.

This post leaves me flabbergasted. I like you Edward, and you did help convince me that there was a manipulator, but what the hell? How did you not realize this sooner? Have you not been 'watching' the manipulator for months and months? I'm slightly disappointed to be honest, for someone who seemed otherwise quite perceptive.

It is also rather incongruous that you have been posting this whole time about 'helping' people, yet admit that you want the majority of them to lose money. And you have described the manipulator on several occasions using highly perjorative terms, yet admit to using similar types of tactics on ebay yourself? If so, you should have been more aware of what was happening.

Not quite sure how to respond. You are a hilarious enigma.