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Author Topic: It's almost 6AM in Beijing, China and looks like someone is trying to pump...  (Read 2330 times)
jamesc760 (OP)
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April 16, 2014, 09:59:16 PM
 #1

Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.
dannyspk
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April 16, 2014, 10:04:04 PM
 #2

Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.

Massive buying going on in all the markets. Don't think it should last long.
jamesc760 (OP)
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April 16, 2014, 10:11:14 PM
 #3

Trap is set for unsuspecting Chinese buyers. Will they bite?
jamesc760 (OP)
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April 16, 2014, 10:13:44 PM
 #4

"Massive buying going on in all the markets. Don't think it should last long."

It was quiet the last few hours, btc price seemed stable at $515. Then, boom, 3-4 minutes before 6AM Beijing time, lots of small buy orders driving up the price to exactly $532. Now, it's quiet again. Someone laid a trap, it's a classic pump-and-dump.
podyx
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April 16, 2014, 10:18:18 PM
 #5

yea, was considering this to be a good selling opportunity

still don't wanna take the risk though
sgbett
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April 16, 2014, 10:19:32 PM
 #6

Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.

for sure. who would buy in before the chinese wake up. thats craaaaazy talk!

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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sgbett
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April 16, 2014, 10:21:38 PM
 #7

anyway, didn't the chinese ban it? /trollface

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
*my posts are not investment advice*
rudius
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April 16, 2014, 10:25:34 PM
 #8

"Massive buying going on in all the markets. Don't think it should last long."

It was quiet the last few hours, btc price seemed stable at $515. Then, boom, 3-4 minutes before 6AM Beijing time, lots of small buy orders driving up the price to exactly $532. Now, it's quiet again. Someone laid a trap, it's a classic pump-and-dump.

You seem to know a lot about trading and manipulation. Poor chinese people, so naive.
roslinpl
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April 16, 2014, 10:30:07 PM
 #9

Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.

Yep. Saw that...

Now it is a little bit lower... but I am expecting in couple of hours +$30 is possible.
myself
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April 16, 2014, 10:41:03 PM
 #10

okcoin is awake it say up

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
m3g4tr0n
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April 16, 2014, 10:59:44 PM
 #11

yea, was considering this to be a good selling opportunity

still don't wanna take the risk though


I think it's easier to get burned right now then it has been for a while. I can't handle the stress of begging for some huge red candle to get back in. No thanks
MatTheCat
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April 16, 2014, 11:01:25 PM
 #12

Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.

China pumps on largely fake volume.

Global USD exchanges react.

China dumps at top of market on global USD exchanges. Market fizzles out.

China dumps on largely fake volume.

Global USD exchanges react.

China buys at bottom of market on global USD exchanges.

Wash, rinse, repeat, except that after every cycle, increasing amounts of Bitcoin investment capital grows more and more jaded with Bitcoin until they completely lose interest and/or realise they are playing in hookey manipulated market where the odds are stacked heavily against them. Liquidity is drained from market, market shrinks. Bear trend progresses ever further as the pirates proceed to squeeze as much blood as they can out of the market.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
rudius
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April 16, 2014, 11:04:11 PM
 #13

Did you see the price rise from $515 to $530 in the span of a couple of minutes just now? Seriously. Someone's trying to pump up the price before the Chinese wakes up and sees the price.

China pumps on largely fake volume.

Global USD exchanges react.

China dumps at top of market on global USD exchanges. Market fizzles out.

China dumps on largely fake volume.

Global USD exchanges react.

China buys at bottom of market on global USD exchanges.

Wash, rinse, repeat.

As everybody know, fake volume moves the market. Obv!
MatTheCat
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April 16, 2014, 11:08:19 PM
 #14

As everybody know, fake volume moves the market. Obv!

Seriously, it does.

U think MtGox never moved the market and we know that all that volume was fake as they never had the BTC that they said they had for months, if not longer. Even when it became clear that Gox was insolvent in both USD and BTC and Gox was trading in $100 range, Bitstamp etc still reacted to moves on Gox. It doesn't have to make sense, it is just how the game works.

Huobi goes apeshit, within 3-4 minutes, bot traders on USD exchanges are following it's lead, which causes whole market to take notice and dive in, especially if the pump is well timed such  as on 1 day MACD crossoover, 'Blood Moon', etc.


Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
Ibian
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April 16, 2014, 11:08:57 PM
 #15

The price went up because someone bought. Why does it always have to be more complicated than that. It wouldn't even be so bad if it wasn't for the lack of any shred of evidence.

Look inside yourself, and you will see that you are the bubble.
rudius
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April 16, 2014, 11:15:37 PM
 #16

people always need to find some explanations when they don t understand. They could actually invent anything just to feel better. As fake chinese volume, whereas it s well known that they massively invest in bitcoin since months...
MatTheCat
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April 16, 2014, 11:18:50 PM
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The price went up because someone bought. Why does it always have to be more complicated than that. It wouldn't even be so bad if it wasn't for the lack of any shred of evidence.

There are many things in life for which evidence can never be provided and you just have to make your own mind up on what the nature of the general tendencies are:


Can you prove to me beyond all reasonable doubt that:

  • The USofA is largely controlled by a cartel of banking families?
  • That the EU/USA wasn't behind the recent riots in Ukraine which lead to overthrow of government?
  • That Putin isn't behind the Russian seperatists in eastern Ukraine.
  • That the Iraq war was really about oil and nothing to do with 'weapons of mass destruction', and that the intelligence agencies who delivered the dossier on Saddam's 'weapons' were lying, and the politicians knew it?
  • That the missile defense bases being set up around Russia's border are intended towards threatening Russia, as opposed to defending the West from an 'Iranian Nuclear Threat'?

You can't prove any of the above as you have no evidence, yet I am sure that like me, you have a very different take on these matters from the official version of events, and for good reason.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
MatTheCat
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April 16, 2014, 11:21:35 PM
 #18

people always need to find some explanations when they don t understand. They could actually invent anything just to feel better. As fake chinese volume, whereas it s well known that they massively invest in bitcoin since months...

Fucksake.....go and read some of zhangwheiu's post on Bitcoin in China. Since the Dec PBOC announcements, Bitcoin is very much a taboo matter for the 99%'ers.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
Ibian
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April 16, 2014, 11:22:00 PM
 #19

You are retarded mat. And yes to some of those, incidentally. (not the ones where yes or no makes no sense obviously)

Look inside yourself, and you will see that you are the bubble.
rudius
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April 16, 2014, 11:24:10 PM
 #20

a fake wall just got eaten on huobi. Looking great.
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