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Zotia (OP)
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February 13, 2012, 04:16:59 AM |
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At the time of this post, there are two large (over 100,000 USD) walls right next to each other at 5.20 and 5.21.
What is the manipulator trying to do?
It doesn't seem like he could make money on MtGox or Bitcoinica because the spread/commision are too high for how far apart the walls are.
Any ideas?
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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gewure
Sr. Member
 Offline
Activity: 364
Merit: 250
[#][#][#]
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February 13, 2012, 04:19:38 AM |
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the other wall is either fake or its not the manipulators wall, and he is probably afraid to sell into it
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RyNinDaCleM
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Legen -wait for it- dary
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February 13, 2012, 04:22:41 AM |
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It's either:
1) One person trying to buy at 5.20 and the 5.21 wall is to force the volume towards the other wall.
2) Two people battling it out. One wants the price to go up, one down.
If the previous, it's time to buy. If #2 It's a waiting game now.
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Zotia (OP)
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February 13, 2012, 04:25:00 AM |
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the other wall is either fake or its not the manipulators wall, and he is probably afraid to sell into it
It's either:
1) One person trying to buy at 5.20 and the 5.21 wall is to force the volume towards the other wall.
2) Two people battling it out. One wants the price to go up, one down.
If the previous, it's time to buy. If #2 It's a waiting game now.
Oh yea, good point. I forgot that there could be TWO manipulators. |
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Transisto
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February 13, 2012, 04:29:56 AM |
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Oh yea, good point. I forgot that there could be TWO manipulators.
get a clue before posting. Hint : There could be more than 2. |
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anonymous5050
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February 13, 2012, 04:30:55 AM |
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MTgox charges commission for both sides right? some betting exchanges I've dealt with only charge commission to the person who buys/sells into the standing order, which would cause this if neither party wanted to pay the commission
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notme
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February 13, 2012, 04:34:22 AM |
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MTgox charges commission for both sides right?
Yes |
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Jon
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No Gods; No Masters; Only You
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February 13, 2012, 04:34:45 AM |
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This is going to be a long night.
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The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
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abeaulieu
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February 13, 2012, 04:37:45 AM |
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This is going to be a long night.
Just as long as any other. I think whatever the manipulator is trying to do will be done in a relatively short period of time (if there truly is a manipulator). I've heard some speculation that this may have been an artificial wall created because of an error with Bitcoinica. Any truth to that?? |
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Herodes
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February 13, 2012, 04:41:29 AM |
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abeaulieu
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February 13, 2012, 04:45:51 AM |
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wall fell. new fall at 5.42
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casascius
Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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February 13, 2012, 04:48:19 AM |
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I just bought $18k of the sell wall at 5.21, and it disappeared within a minute. Impeccable timing. Thanks whoever sold them to me.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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Herodes
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February 13, 2012, 04:48:29 AM |
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Some nice trades in there, seems like somebody is about to make some good trades.  Feb 13, 2012, 04:43:13 5.21000 8938.39 Feb 13, 2012, 04:37:32 5.21000 5000.00 edit: casascius, well done.  |
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Electricbees
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We are bees, and we hate you.
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February 13, 2012, 04:50:38 AM |
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I'm going to wake up tomorrow, and all of this trading nonsense will disappear.
These are my hopes. Tomorrow, I buy at 4.00, or sell at sideways-eight.
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Donations are welcome!
1BEES19ds5gEnRBoU1qNFPfjRXe94trMG3
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Spekulatius
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February 13, 2012, 04:55:20 AM |
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* is gone bulls will make a rally
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Hunterbunter
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February 13, 2012, 11:10:07 AM |
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my take:
Short sell with massive leverage on bitcoinica @ 5.80 or whatever. Asterix means loads of people are betting on it going up.
Dump 50k coins on market at a price you think will force liquidate lots of people in a buy position.
Put in buying wall 1c down just to pickup some cheap coins from all the panic sales too.
Keep them there long enough for bitcoinica to liquidate your short and reverse your position, picking up everyone who was liquidated's margin balance.
let go of the sell wall, leave the buy wall there to continue getting cheap buys while confidence slowly returns.
Move buy wall up and up to force the value of your leverage higher, start selling long position...move to short position...rinse repeat
Down side is it still knocks the "wind" out of the bull, so by squeezing so hard on the market, the person with this power can be changing market sentiment. I suppose the same could be done in reverse though.
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gewure
Sr. Member
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[#][#][#]
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February 13, 2012, 04:32:50 PM |
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I just bought $18k of the sell wall at 5.21, and it disappeared within a minute. Impeccable timing. Thanks whoever sold them to me.
i can haz bitcoinz? |
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