spazzdla (OP)
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August 18, 2014, 01:21:41 PM |
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http://ftalphaville.ft.com/2014/08/18/1934242/a-bitcoin-flash-crash/I have a feeling there are a few really balling people that understand what BTC is.. so balling I mean they own news networks and can use that as an advantage to build a pump and dump and pump and dump and pump.. etc until BTC reaches it's potential and they will make a BEATING on the way. I have a feeling this is a staged dump to allow the purchase of cheap bitcoins then it will be pumped again.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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MRKLYE
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August 18, 2014, 01:23:08 PM |
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I am inclined to agree with you on this one..
This may just be a shaking out of "weak hands" so to speak.
Only time and the markets will tell if this speculation has any merit.
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Hunyadi
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August 18, 2014, 01:27:29 PM |
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I am inclined to agree with you on this one..
This may just be a shaking out of "weak hands" so to speak.
Only time and the markets will tell if this speculation has any merit.
I also think this is a shake out. |
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falllling
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August 18, 2014, 01:31:25 PM |
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bitcoin is going to nowhere but down! the final capitulation incoming!
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botany
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August 18, 2014, 01:48:11 PM |
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A lot of cash would be required to manage a pump and dump scheme in bitcoin, given its market cap.
Might be a lot easier with some altcoins.
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spazzdla (OP)
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August 18, 2014, 01:58:36 PM |
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A lot of cash would be required to manage a pump and dump scheme in bitcoin, given its market cap.
Might be a lot easier with some altcoins.
You underestimate the wealth I am refering too. This is a drop in the bucket. |
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botany
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August 18, 2014, 02:26:41 PM |
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A lot of cash would be required to manage a pump and dump scheme in bitcoin, given its market cap.
Might be a lot easier with some altcoins.
You underestimate the wealth I am refering too. This is a drop in the bucket. Other sharks might enter the market. A person trying to manipulate the bitcoin market by forcing the price down might end up losing all his bitcoins. |
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dropt
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August 18, 2014, 02:33:32 PM |
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Other sharks might enter the market.
A person trying to manipulate the bitcoin market by forcing the price down might end up losing all his bitcoins.
Maybe, but they'll (likely) be up a whole lot of money. An interesting metric would be to assume all of these large dumbs are one player. Take the value of coins dumped, the market exchange rate at each dumping, and tally the total fiat collected. Now, imagine that entire pot of cash is then dumped back onto the market as buys and see where we'd likely end up. |
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onealfa
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August 18, 2014, 02:43:15 PM |
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c'mon WHALES !!! gime all your BTC's  |
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botany
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August 18, 2014, 02:56:16 PM |
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Other sharks might enter the market.
A person trying to manipulate the bitcoin market by forcing the price down might end up losing all his bitcoins.
Maybe, but they'll (likely) be up a whole lot of money. An interesting metric would be to assume all of these large dumbs are one player. Take the value of coins dumped, the market exchange rate at each dumping, and tally the total fiat collected. Now, imagine that entire pot of cash is then dumped back onto the market as buys and see where we'd likely end up. Their success depends on whether they managed to get other people to sell when the market was down. |
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dropt
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August 18, 2014, 02:59:14 PM |
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Maybe, but they'll (likely) be up a whole lot of money. An interesting metric would be to assume all of these large dumbs are one player. Take the value of coins dumped, the market exchange rate at each dumping, and tally the total fiat collected. Now, imagine that entire pot of cash is then dumped back onto the market as buys and see where we'd likely end up.
Their success depends on whether they managed to get other people to sell when the market was down. I disagree. They don't need other people to sell, they just need to push the price down, have bid support build and a weak upside. They dump cash onto market sending the price into the stratosphere and wait for the upside market momentum to take the price higher and start selling into it. Personally, I don't believe that if there is a singular entity operating in this manner that they're interested in holding BTC, I imagine they're interested in milking the market for whatever their particular brand of fiat is. |
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BitcoinBarrel
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August 18, 2014, 02:59:39 PM |
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c'mon WHALES !!! gime all your BTC's Very telling signal there |
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dropt
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August 18, 2014, 03:00:58 PM |
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Very telling signal there Why? It's just cascading margin calls. |
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