BTC crashing, under $200 and falling fast.

[BitCoinNutJob]

Who is still holding? 

I bet hardly anyone is 100% fiat right now after that dip, that would take some balls.

[shirkan]

I am all bitcoin, however, nicely hedged with some leveraged stop short orders.

[turvarya]

So, you made a website, so you are an expert on finance?

I didn't make a a website. I hired people to do so.
In the team, we also have someone with 2 master degrees: finance and trading, someone else with 2 master degrees also: finance and risk management, someone else with a master degree in economics, etc.
So yes, that makes us freaking experts.

I just have to take a look at your (short) posting history to see, that you are not.

You're right. My experience is all in Bitcointalk. You got it all here. 
Check this out here: https://nxtforum.org/index.php?action=profile;u=554
Or here: http://cointelegraph.com/news/112356/exclusive-key-negotiator-in-bter-nxt-hack-speaks-out
Or here: http://bitcoinist.net/cryptocoins-hedge-fund-nxtinside-gives-birth-to-a-new-partnership/
Or here: http://www.contrepoints.org/author/dom-p
...

Your statement is also pretty absurd.
So, there is this one strategy and it is not  working on Bitcoin, so it is impossible, that the price is manipulated? Are you really serious with that statement?

Since you adminitedly don't understand how this works, why exactly are you trolling here?
If you're so sure this is a price manipulation case, just explain how this is done. Or just leave it to pros.

I am posting here, because you are obviously an idiot.
Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant. I hope others are not so stupid to mistake arrogance for expertise.
Over 10 years experience in finance business doesn't mean anything. A friend of mine also works in finance business for some years. I don't think, he would call him self an expert. Not after the stories he told me, about what he is actually doing, but I am sure it looks good on his CV.

If you are sure, it is not a price manipulation case, than show me, what else caused it.

[DoM P]

I am posting here, because you are obviously an idiot.

That's impolite of you. Moreover, you disagreeing with me doesn't necessarily make me an idiot, but behaving like that tells a lot about you. You may want to think of the implications of that.

Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant

And what to say about your argument "I don't know how this works, but I know it's being manipulated" ?  What adjective would best fit that?

Over 10 years experience in finance business doesn't mean anything. A friend of mine also works in finance business for some years. I don't think, he would call him self an expert. Not after the stories he told me, about what he is actually doing, but I am sure it looks good on his CV.

Whatever. Just ask your friend to explain how this works to you.

If you are sure, it is not a price manipulation case, than show me, what else caused it.

Well, a common mistake that I can see underlying in your question is the fallacy of the single cause
See here for details: http://en.wikipedia.org/wiki/Fallacy_of_the_single_cause

What has been happening is that we are in a bearish market for quite some time now.
This trend has been quickening its pace since January 3rd.
Why? I don't know. People get tired of the price decreasing and decide to cut their losses I suppose.
At some point, market pshychology has to be taken into account.
Check this here: http://www.investopedia.com/articles/trading/02/121602.asp

So, after such a long time in a bearish market, people still with bitcoins are holding, expecting the price to bounce up.
And then, something happens. What? I don't know. Maybe that news I posted before about the Russians, maybe some big holders decide this is enough, maybe something else (I checked the Bitstamp btc to see if they had hit the market and coud have caused this, but they're still being mixed.)
Whatever it is, it forces the trend down even more.

Then panic rises. people start selling, stop orders are triggered, etc.
But in the mean time, people are buying a lot. Never saw a volume like yesterday, and today's volume will be even bigger, seeing how it started the day.

So, basically, this is panic time. No manipulation here. And, I would add: if some had managed to manipulate the price, that someone lost a lot of money those last 2 days (that's the risk, and that's why pros wouldn't manipulate this market.)

Where will it stop? Noone knows.

We at CryptoCoins hedge fund have decided to keep holding the little bitcoins we still have, and wait for a rebound to step in with the cash.

[turvarya]

Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant

And what to say about your argument "I don't know how this works, but I know it's being manipulated" ?  What adjective would best fit that?

I never said, that I know that it is price manipulation, my exact words were:

The explanation that still makes the most sense for me is

Do you see the difference?

[DoM P]

Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant

And what to say about your argument "I don't know how this works, but I know it's being manipulated" ?  What adjective would best fit that?

I never said, that I know that it is price manipulation, my exact words were:

The explanation that still makes the most sense for me is

Do you see the difference?

Actually, I don't.
If an explanation makes sense to you, you should be able to understand it and explain it yourself, which you admitted you can't.

At least, that's how I work: Understand first, then talk about it...

[mlferro]

this last falling scared me, but I will not sell.

[turvarya]

Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant

And what to say about your argument "I don't know how this works, but I know it's being manipulated" ?  What adjective would best fit that?

I never said, that I know that it is price manipulation, my exact words were:

The explanation that still makes the most sense for me is

Do you see the difference?

Actually, I don't.
If an explanation makes sense to you, you should be able to understand it and explain it yourself, which you admitted you can't.

At least, that's how I work: Understand first, then talk about it...

You just showed, that this is not how you work.
It's just simple logic, that you can't prove that something doesn't exist.

You are just a great example of what kind of people are working in the financial sector and why it crashed in 2008.

[DoM P]

You just showed, that this is not how you work.
It's just simple logic, that you can't prove that something doesn't exist.

You are just a great example of what kind of people are working in the financial sector and why it crashed in 2008.

Yep, that's why usually it is asked from people like you to prove that what they say is true rather than asking people like me to prove it's false

You are a good example of why there is such a volatility with bitcoin: You don't understand the first thing about finance but you want to play with the big guys.
You have real nice and easy explanations to simplify a world too complex for your undrestanding, and then you'll blame it on the finance guys when you realize, a bit too late, that it doesn't work like that.

[joesmoe2012]

I'm out, however it looks like it's just at $200 now. May be a little more drop left in it yet though. I'm definately short at this point.

[julian071]

I am posting here, because you are obviously an idiot.

That's impolite of you. Moreover, you disagreeing with me doesn't necessarily make me an idiot, but behaving like that tells a lot about you. You may want to think of the implications of that.

Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant

And what to say about your argument "I don't know how this works, but I know it's being manipulated" ?  What adjective would best fit that?

Over 10 years experience in finance business doesn't mean anything. A friend of mine also works in finance business for some years. I don't think, he would call him self an expert. Not after the stories he told me, about what he is actually doing, but I am sure it looks good on his CV.

Whatever. Just ask your friend to explain how this works to you.

If you are sure, it is not a price manipulation case, than show me, what else caused it.

Well, a common mistake that I can see underlying in your question is the fallacy of the single cause
See here for details: http://en.wikipedia.org/wiki/Fallacy_of_the_single_cause

What has been happening is that we are in a bearish market for quite some time now.
This trend has been quickening its pace since January 3rd.
Why? I don't know. People get tired of the price decreasing and decide to cut their losses I suppose.
At some point, market pshychology has to be taken into account.
Check this here: http://www.investopedia.com/articles/trading/02/121602.asp

So, after such a long time in a bearish market, people still with bitcoins are holding, expecting the price to bounce up.
And then, something happens. What? I don't know. Maybe that news I posted before about the Russians, maybe some big holders decide this is enough, maybe something else (I checked the Bitstamp btc to see if they had hit the market and coud have caused this, but they're still being mixed.)
Whatever it is, it forces the trend down even more.

Then panic rises. people start selling, stop orders are triggered, etc.
But in the mean time, people are buying a lot. Never saw a volume like yesterday, and today's volume will be even bigger, seeing how it started the day.

So, basically, this is panic time. No manipulation here. And, I would add: if some had managed to manipulate the price, that someone lost a lot of money those last 2 days (that's the risk, and that's why pros wouldn't manipulate this market.)

Where will it stop? Noone knows.

We at CryptoCoins hedge fund have decided to keep holding the little bitcoins we still have, and wait for a rebound to step in with the cash.

Thank you very much. Very informative!

[turvarya]

You just showed, that this is not how you work.
It's just simple logic, that you can't prove that something doesn't exist.

You are just a great example of what kind of people are working in the financial sector and why it crashed in 2008.

Yep, that's why usually it is asked from people like you to prove that what they say is true rather than asking people like me to prove it's false

You are a good example of why there is such a volatility with bitcoin: You don't understand the first thing about finance but you want to play with the big guys.
You have real nice and easy explanations to simplify a world too complex for your undrestanding, and then you'll blame it on the finance guys when you realize, a bit too late, that it doesn't work like that.

What are you even talking about? You just really work on your reading skills.
I said, I think there is manipulation, you said, that is not possible.
I made a guess, you made a very distinctive statement, that is by the laws of logic not provable.
I never said, I understand any of this, I never said, I want to play with the "big guys" aka the idiots who make simple statements about these complex things. You just did that, in your last posts.
Isn't that, what the whole financial sectors is about, making nice little easy calculations about things which are much more complex?
I actually learnt some basics about finance e.g. calculations of risk and I was really shocked, that this is how people make decisions.
But sure, I know you are the pro. I hope you don't jump of a big building, like all this other pros in 1929