Gold collapsing. Bitcoin UP.

[blaaaaacksuit]

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

My biggest fear

[BlindMayorBitcorn]

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

My biggest fear

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

[blaaaaacksuit]

Shorting any financial asset is a valid and usually very risky speculative strategy. In the case of gold, it needs a massive amount of money and, in order to negate the risk, zero fear of losing that money. The only entities that are in that position are central banks. But aside from governments and banks, who else would be interested in driving down the price of bitcoin to the extent that it might ultimately kill off the golden goose? And more importantly, who else would have both the money/means and motive to do so? This feels more like a slow and steady attack on bitcoin's core rather than shorting for long term profit. Perhaps I'm being paranoid.

Nope, I agree. Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

Pretty sure there is good evidence for it beginning around 600 level in late June early July time frame when the momentum for the next natural wave up was building substantially.

Most likely some of the big banks got together (or would only take one like e.g. Morgan Stanley size) and got sick of waiting for governments to do something about bitcoin and decided to take matters into their own hands, so to speak.

My biggest fear

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.

[justusranvier]

Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

This also explains the flood of scamcoin pushers showing up and disrupting our Bitcoin meetups.

[BlindMayorBitcorn]

Could classify it as a "social attack", via price manipulation algos on centralised exchanges.

This also explains the flood of scamcoin pushers showing up and disrupting our Bitcoin meetups.

Like Ethereum

[cypherdoc]

the manipulative ask walls have been so obvious that i hope it strengthens the remaining traders who should learn from this.

[solex]

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.

Nemesis bought 10k coins in 2012, but unless he has done some pretty hot trading since, he would not control an address with 35k

[BlindMayorBitcorn]

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.

Nemesis bought 10k coins in 2012, but unless he has done some pretty hot trading since, he would not control an address with 35k

Whoever it was could have crashed the market hard by dumping. It's a caution sign

[NotLambchop]

the manipulative ask walls have been so obvious that i hope it strengthens the remaining traders who should learn from this.

You're too smart for manipulators.  You understand everything they're trying to accomplish and know all their tells.  It's almost too easy 4 U.

[BlindMayorBitcorn]

Sarcasm? At me?

Oh. Hehe. Perma-bulls get plenty heat

No way I'm buying back in over $300 this week that's for sure

[NotLambchop]

Lolno.  Cypherdoc.  Editing now
Done.

[cypherdoc]

gold continuing to collapse:

[cypherdoc]

Dow: Friday's advance re-established a short term buy signal but, as i expected, we still got a weekly, or intermediate term, sell signal.  if this persists, it will be unfolding with a bearish left translated configuration, which is very bearish. given that the longer term monthly cycle top is due, stock jocks need to be on high alert:

[blaaaaacksuit]

the manipulative ask walls have been so obvious that i hope it strengthens the remaining traders who should learn from this.

Perhaps they are meant to be obvious...

[Peter R]

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.

Nemesis bought 10k coins in 2012, but unless he has done some pretty hot trading since, he would not control an address with 35k

I was reviewing his post history just now (I hadn't heard about him till today), and he made a comment about doubling his BTC holdings from 8k to 16k during the April 2013 growth spurt and crash.  Perhaps he did it again between the November peak and now.  There's numerous comments where he claims to have placed big walls for the purpose of manipulation, or bought his own walls (it only costs "0.6%," he's said a few times).  His comments seem prescient, vaguely alluding to both of the 2013 growth spurts shortly before they occurred, moving his coins out of Gox in spring 2013, criticizing ButterflyLabs in 2012, and a few other interesting details.  He seems very enthusiastic about BTC and in several comments strongly opposes "cashing out into fiat," suggesting that bitcoins are to be held or traded for something one needs or wants.  Using his words, he seems to enjoy "slaughtering pigs."

Cypher, do you know much about Nemesis?

[cypherdoc]

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.

Nemesis bought 10k coins in 2012, but unless he has done some pretty hot trading since, he would not control an address with 35k

I was reviewing his post history just now (I hadn't heard about him till today), and he made a comment about doubling his BTC holdings from 8k to 16k during the April 2013 growth spurt and crash.  Perhaps he did it again between the November peak and now.  There's numerous comments where he claims to have placed big walls for the purpose of manipulation, or bought his own walls (it only costs "0.6%," he's said a few times).  His comments seem prescient, vaguely alluding to both of the 2013 growth spurts shortly before they occurred, moving his coins out of Gox in spring 2013, criticizing ButterflyLabs in 2012, and a few other interesting details.  He seems very enthusiastic about BTC and in several comments strongly opposes "cashing out into fiat," suggesting that bitcoins are to be held or traded for something one needs or wants.  Using his words, he seems to enjoy "slaughtering pigs."

Cypher, do you know much about Nemesis?

no i don't.  he sounds too small.

[blaaaaacksuit]

It was this guy  https://blockchain.info/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

Some guy called nemesis is taking responsibility.

Nemesis bought 10k coins in 2012, but unless he has done some pretty hot trading since, he would not control an address with 35k

I was reviewing his post history just now (I hadn't heard about him till today), and he made a comment about doubling his BTC holdings from 8k to 16k during the April 2013 growth spurt and crash.  Perhaps he did it again between the November peak and now.  There's numerous comments where he claims to have placed big walls for the purpose of manipulation, or bought his own walls (it only costs "0.6%," he's said a few times).  His comments seem prescient, vaguely alluding to both of the 2013 growth spurts shortly before they occurred, moving his coins out of Gox in spring 2013, criticizing ButterflyLabs in 2012, and a few other interesting details.  He seems very enthusiastic about BTC and in several comments strongly opposes "cashing out into fiat," suggesting that bitcoins are to be held or traded for something one needs or wants.  Using his words, he seems to enjoy "slaughtering pigs."

Cypher, do you know much about Nemesis?

no i don't.  he sounds too small.

 Don't lie, I know that's your other account 

[cypherdoc]

deep wick spinning top reversal candle on high volume.  suggestive of a reversal in trend:

[cypherdoc]

sellers, don't jump in front of the wall.

[World]

interesting article
https://www.cryptocoinsnews.com/new-facebook-messenger-p2p-fb-payments-could-eventually-feature-bitcoin/