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Author Topic: $3.20 in one big buy?  (Read 5439 times)
ElectricMucus
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December 11, 2011, 07:13:57 AM
 #21

buy prices up
wait for suckers to place orders before your bidwall
sell bitcoins
Huh??
profit

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
1481199096
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old_engineer
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December 11, 2011, 07:15:29 AM
 #22

I think two big players (and wanna-be manipulators) are duking it out.
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December 11, 2011, 07:17:07 AM
 #23

Yeah, and I think the one drop to 3.01 was clearly a mistaken low ask, he quickly bought it right back up, I knew I should of bought but I was greedy  Grin

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RyNinDaCleM
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December 11, 2011, 07:19:09 AM
 #24

I think two big players (and wanna-be manipulators) are duking it out.

So be it. I've been scavenging the table scraps. This is the best I've done in days.

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December 11, 2011, 08:38:25 AM
 #25

The problem is that if they would take the price up to let say 4 dollars, they will most likely lose even more money.

My thought is this, there is a cartel right now that really wants to get the price to high levels again, like 5-15 dollars, but they also understand economics, so they know that they are fighting a hard competitor, in this case the miners (with the high inflation environment). They have the resources to take it up, meaning they have the fiat money. But, the problem is that they are already heavily invested in Bitcoin and they have been burnt really bad with the downturn from 30 dollars to 2 dollars.

They have three options.

1. Hold what they have. And lets see what the market does. This option I think will take Bitcoin back to 2 dollars within 1-2 months.

2. Buy as crazy and fast as they can and push it up over 4 dollars hoping to get others to bid it up even more. This will fail, and the reason is exactly why it failed last time, after a while it will go back, maybe from 5 dollars or something like that, but it will get back to 2 dollars in the end, the miners will sell as crazy in to that rally and panic will come back.

3. This is the smartest option. Lets assume they have 300 000 Bitcoins in total them selves. What I would have done is to sell 1/3 of that (around two weeks of Bitcoins created by miners), why? Because at 2 dollars they will get rid of all the greedy miners plus they can then accumulated back their 100 000 bitcoins that they sold at much lower levels, like 1,5-2 dollars, and from there build the price up. They will be the big winners. In the other two options, they will go for the greedy option and fail.


As a summary all options will take Bitcoin price back to two dollars. The different is the dates this will happen. I have been 100 % right with all my predictions until today, so lets see what the markets does this time.
mp420
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December 11, 2011, 09:06:18 AM
 #26

I have been 100 % right with all my predictions until today, so lets see what the markets does this time.

Wow, you must be filthy rich by now.
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December 11, 2011, 09:07:40 AM
 #27

If they where real investors with an intelligent brain, their mission should be to accumulated as many bitcoins as possible for the more normal inflation environment that will come Dec 2012 (that can't get manipulated by the miners). Not give away money to the miners today. This shows me why they probably lost money in the first place, they are to greedy and don't get the whole picture.
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December 11, 2011, 09:22:49 AM
 #28

Before Bitcoinica was around, this is just one of my earlier posts written when the price was at 10 dollars in August.

"To the Bitcoin community, I want to short sell 3 000 bitcoins, and I will pay 5 % interest per month on the loan. I have my money in Mt.Gox that covers all the loan (hackers f*ck off nothing to get here, I have a Yubikey). I want to make this a secure deal for both parts. I know that there are people in here that don't want to sell, you can make money now.

5 % interest per month gives a annual rate at over 79 %. That is really good terms. I would like to be able to hold it for at least 2 months, and also have the option to close the position before hand.

If anyone is interested, tell me how we can do this in a secure way. Maybe I can contact Mt.Gox and they can take care of it. We really need the opportunity to short sell Bitcoins, it have many benefits, for example more liquidity, people can make money on their bitcoins if they don't want to sell."
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December 11, 2011, 09:37:21 AM
 #29

I have been 100 % right with all my predictions until today, so lets see what the markets does this time.

Wow, you must be filthy rich by now.

I am one of few that have made money on Bitcoin after the crash, not filthy rich on Bitcoins, but I haven't lost money.
notme
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December 11, 2011, 09:41:39 AM
 #30

So fastandfurious, what's the market going to do from here?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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December 11, 2011, 09:45:28 AM
 #31

Market reversing now, get out now, buy back at 2.9
notme
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December 11, 2011, 09:48:58 AM
 #32

Market reversing now, get out now, buy back at 2.9

I see one more run up where we decide if it's a double top or we want to go further.  This dip to 3.17 has given a little breathing room before the decision will be played out.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
fastandfurious
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December 11, 2011, 09:55:45 AM
 #33

So fastandfurious, what's the market going to do from here?

Read post #25. My conclusion is that it will hit 2 dollars again. Depending on the way the market wants it, it will take less or more time. Before it was easier to see the patterns with Price and Time. Now it is very hard to see Time, but it is still possible to give a future accurate estimate for the Price.
ElectricMucus
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December 11, 2011, 11:34:24 AM
 #34

This spike is almost finished get ready for the smackdown.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
fastandfurious
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December 11, 2011, 11:36:52 AM
 #35

One of the best ways to see a accurate interest right now is to look at google trends.

One picture with a lot of information:

http://www.google.com/trends?q=Bitcoin
Gabi
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December 11, 2011, 12:47:29 PM
 #36

3.3 now
fastandfurious
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December 11, 2011, 12:50:42 PM
 #37

A light version of option 2 is right now happening, lets see how much dumb money that will fall for this by holding their bitcoins at this levels or even buying. Miners will get very happy the nearest weeks.
cypherdoc
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December 11, 2011, 12:52:14 PM
 #38

ramping.  another short squeeze in progress.
fastandfurious
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December 11, 2011, 12:59:12 PM
 #39

Someone/the manipulator/the cartel is manipulating this market hard right now, the only way they will succeed is if they will get the dumb money with them is this rally. One big sell off from someone and they are down with their pants.

Big orders are replaced and put in, the bots don't know how to act. Smiley
cypherdoc
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December 11, 2011, 01:03:05 PM
 #40

the liquidity spigots have been thrown wide open by 6 central banks at once this past week.  where is all this money going to go? 

answer:  Speculation
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