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Author Topic: Big buyers flooding the market with bitcoins ?  (Read 4011 times)
toddbethell
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May 21, 2011, 01:10:32 AM
 #21

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.

Todd Bethell, CFM, MBA
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May 21, 2011, 01:15:19 AM
 #22

Just like the US stock market, ask 100 people why the price is dropping, and you'll get 200 answers.

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May 21, 2011, 01:35:30 AM
 #23

Someone just cleared a huge order.
toddbethell
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May 21, 2011, 01:54:58 AM
 #24

Yes, now that the manipulation has been exposed.

Todd Bethell, CFM, MBA
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May 21, 2011, 03:21:52 AM
 #25

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?
FooDSt4mP
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May 21, 2011, 03:28:32 AM
 #26

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?

From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account.  Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.

Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin.  As to whether this is what's going on, IDK.  I'm away from home and I've really only been on the forums and glanced at charts a few times.

As we slide down the banister of life, this is just another splinter in our ass.
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May 21, 2011, 03:34:14 AM
 #27

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?

From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account.  Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.

Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin.  As to whether this is what's going on, IDK.  I'm away from home and I've really only been on the forums and glanced at charts a few times.

Even supposing that people are actually going to care about last when Last: $5.50 Bid: $5.80 Ask: $5.90 you'll likely just run into other dark pool offers.

You may as well just make a thread saying "Hey guys I just sold 10,000BTC at $4.25"

No one cares. Open offers matter. Inexperienced traders don't all have 80% of their brains on the floor. Anyone who is reading into this shit is just as likely to read into it the opposite way that you are hoping.

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May 21, 2011, 03:43:03 AM
 #28

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?

From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account.  Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.

Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin.  As to whether this is what's going on, IDK.  I'm away from home and I've really only been on the forums and glanced at charts a few times.
I guess I don't understand...  if there are open bids higher than the darkpool sell, why does anyone care?
FooDSt4mP
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May 21, 2011, 03:44:43 AM
 #29

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?

From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account.  Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.

Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin.  As to whether this is what's going on, IDK.  I'm away from home and I've really only been on the forums and glanced at charts a few times.

Even supposing that people are actually going to care about last when Last: $5.50 Bid: $5.80 Ask: $5.90 you'll likely just run into other dark pool offers.

You may as well just make a thread saying "Hey guys I just sold 10,000BTC at $4.25"

No one cares. Open offers matter. Inexperienced traders don't all have 80% of their brains on the floor. Anyone who is reading into this shit is just as likely to read into it the opposite way that you are hoping.

I'm not sure what you are trying to say, but to be clear, I'm not hoping anyone will read anything any way.  I am very minerly (pun) invested in BTC.  I'm just trying to help explain the theory toddbethell is offering up all over the place.  For all I know, he's trying to drive the price down by yelling "OMG look at how easily the price is manipulated".

As we slide down the banister of life, this is just another splinter in our ass.
FooDSt4mP
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May 21, 2011, 03:55:25 AM
 #30

Fake sales driving down btc price. Can use co-conspirators, or multiple accounts.  Examine the  spikes carefully, thay hardly move price and are dark to dark. Wish I'd thought of it.
Can you explain how fake sales drive the price down?

From TA thread:
With "Dark Pool Only" trades, you could have two accounts and sell a large quantity for a lower price than current bids to your other account.  Sure, you pay the fees on both sides, but when people see the order go through they see it as a legit trade and adjust their price expectations accordingly.

Of course it will only work a few times, but it can work because there are a lot of inexperienced traders involved with bitcoin.  As to whether this is what's going on, IDK.  I'm away from home and I've really only been on the forums and glanced at charts a few times.
I guess I don't understand...  if there are open bids higher than the darkpool sell, why does anyone care?


Overreaction to seeing the chart drop when you hit f5.  They see a high volume move down and panic.  I agree it wouldn't be wise to fall for such manipulation, but it doesn't seem entirely unreasonable that such a thin market with so many new traders could overreact.

I don't really care though, so toddbethell will have to field the questions from here on out.  Here's one to get him started if he comes around: Do you have evidence of a large trade executing below the current bid near when the bottom dropped out?

As we slide down the banister of life, this is just another splinter in our ass.
Basiley
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May 21, 2011, 11:28:28 AM
 #31

drug dealers? CIA/PLAAF operatives ? or 2-in-1 Tongue
/sarcasm
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