Looks like manipulators are trying to push price up with their walls

[Edward50]

Seems like their strategy is to not buy bitcoins, as they have already bought 10's of thousands on the way down. They are slowly trying to inch the price by using walls and having forcing the suckers to buy just above their walls.

They are not buying any coins, even at what you guys consider a low of $4.3.

They seem to not want to buy any more new coins. They seem to be getting more brave and are slowly increasing the bid walls and taking more risk of someone dumping on them. I guess they figure that nobody has dumped in a while so they are safe to resume their little tactics of tryign to bump the price higher.

I think the manipulators or major bitcoin holders, who decided to sell at $5.6 to push the price down are just waiting for the price to go up a bit higher until they do another dump.

It would seem to be a good gamble with all their walls to buy now, but I see extreme risk of more dumps coming.

Volume is extremely low since the manipulators are not doing any buying and selling. Mostly everyone seems to be sitting out.

I just do not understand how they are making money with all their manipualtion attempts. I wish I could see how much the manipulators are actually making with their little games.



Bid 3.8 4432.47
Bid 3.85 5410.89
Bid 3.9 21823.49
Bid 3.95 1773.05
Bid 4 9079.59
Bid 4.05 10124.47
Bid 4.1 3057.88
Bid 4.15 4419.01
Bid 4.2 12459.31
Bid 4.25 5084.31
Bid 4.3 4133.73
Bid 4.35 416.77
Ask 4.4 2807.38
Ask 4.45 4741.47
Ask 4.5 6702.95
Ask 4.55 6525
Ask 4.6 4892.1
Ask 4.65 2527.31

[1715268022]

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[thest0ckman]

wall street traders are taking a break. its a holiday!

[Edward50]

wall street traders are taking a break. its a holiday!

maybe, but it seems to have been slow like this for a while now.

[thest0ckman]

nice to meet you ed.

i have been on the sidelines for 1-2 days. seems like the bear raid might be over but i am not sure.

it is common trading practice to post fake bids and offers in stocks as you only have to stand by 100 shares in equity(stock) markets.

its not really manipulation just a trading technique

[Edward50]

nice to meet you ed.

i have been on the sidelines for 1-2 days. seems like the bear raid might be over but i am not sure.

it is common trading practice to post fake bids and offers in stocks as you only have to stand by 100 shares in equity(stock) markets.

its not really manipulation just a trading technique

yeah but with bitcoins, if the order goes through you are stuck with it. I don't understand how that works with stock markets. So people with bidwalls, definitely face the risk of having to buy those coins.

It does seem like the bear raid is over. However, I am suspicious. Reason being is that when the market fell from $5.6 someone really dumped alot of coins to make it fall. I do not understand why they would just stop at this point.

It is a good gamble I would think. Buy at the current price and put your stop loss in. But this is what makes me worry, I thought last time was a good gamble also when they seemed to have put in a price floor at $5.6.

Since I am the typcial sucker, having no money to push markets in any way etc, no inside information. I think they are trying to sucker people in right now. I say this because I think it would be a good bet to try and go for a little upspring.

But if it was a safe bet, then the big money market players would have already taken it.

[thest0ckman]

well if your fake bid or offer is hit of course you have the execution. this is true of stocks, bitcoins or any other vehicle. 

technically speaking you want some consolidation here, direction is not clear. we want sideways movement for a little bit.

keep in mind the trade hill deal really hurt and manipulators will use this sort of thing to their advantage. it(bear raid) might be over but who knows.

[stochastic]

I just do not understand how they are making money with all their manipualtion attempts. I wish I could see how much the manipulators are actually making with their little games.

Welcome to modern trading techniques.  If you want to buy bitcoins without the price increasing on you or sell bitcoins without the price dropping then you need to do your own "manipulation" techniques to spoof the spoofers.

[thest0ckman]

lol well said stoch

[RyNinDaCleM]

If the steps on both sides are from one person, and he is in fact trying to push the price up, why wouldn't he just pull the asks, and drop the depth?
I know I would be more inclined to buy if price could move more than a penny and stagnate at the next wall.

[bittenbob]

Because there isn't just one manipulator. There are several.

[Bro]

Because there isn't just one manipulator. There are several.

and most of them lose money when they "manipulate"

[RyNinDaCleM]

Because there isn't just one manipulator. There are several.

So Mr. Pessimistic "M" is still trying to hold price down while he keeps selling?
That's just silly.

[dopamine]

How does one loose money if they are manipulating the price? Everyone wants stability in bitcoins, in order for that to occur you need to raise the price of bitcoins so that its harder to manipulate the price, Its called small Cap

[Crypt_Current]

How does one loose money if they are manipulating the price? Everyone wants stability in bitcoins, in order for that to occur you need to raise the price of bitcoins so that its harder to manipulate the price, Its called small Cap

I think volume is more important to deter manipulation -- price doesn't really matter.  A manipulator stands to lose (just one 'o' there btw) money if upon pushing the price in one direction, people fail to follow suit, or more generally, the market fails to respond.  The market will respond less to this manipulation the bigger it gets.

[byronbb]

Yes we could see another run up to 5 like we saw at 7, promises and heralding calls for the moon and then its down to $2. Then it stabilizes and runs up to 4 and more calls for the moon and then..........

[copumpkin]

I know I would be more inclined to buy if price could move more than a penny and stagnate at the next wall.

I'm not sure I understand this. I'm more inclined to buy if I'm up against a massive ask wall, because liquidity is good. Or did I misunderstand you?

[RyNinDaCleM]

I know I would be more inclined to buy if price could move more than a penny and stagnate at the next wall.

I'm not sure I understand this. I'm more inclined to buy if I'm up against a massive ask wall, because liquidity is good. Or did I misunderstand you?

Well absolutely for larger orders, or longer term trading. If I'm trading with the trend, for longer periods, a big wall is perfect, but I've already got all my long term coins for now.
Also, a couple walls are no big deal, but 20 or so at $0.01 increments just stalls the price too much for day trading. I'd deal with trading a few less coins, if I know price will move easier.


Edit:

Looks like he's weaving cyclone fence.