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11-05-2015 , 10:30 PM
How many coins did you buy today onemoretimes
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11-05-2015 , 10:33 PM
Quote:
Originally Posted by 27AllIn
The thing is, even if someone buys a whole bunch of coins it doesn't mean that the price is going to skyrocket. If it was the case that BTC goes up each time a large amount of money is put into it, then obviously smart rich people would already take advantage of that and make easy money. There's a lot of people looking to sell when the price goes up, which hey could trigger a giant BTC price reduction.
This doesn't really work because the smart rich people also have to sell the coins back onto the market to make the profit, and as they do that the price tanks and they lose back what they made on the way up. HOWEVER.. the feds auctioned coins so they got to sell 44k coins at an inflated price without causing the market to drop as they sold them. You sound pretty newbie, so I'm going to leave it at that and be on my way
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11-05-2015 , 10:33 PM
Quote:
Originally Posted by 27AllIn
How many coins did you buy today onemoretimes
LOL.. why would I buy.. I'm shorting this bubble.
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11-05-2015 , 10:41 PM
Didn't the previous FED coins get sold at below market value. If someone can confirm this, that would pretty much discredit any semblance of credit onemoretimes has in his argument.
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11-05-2015 , 10:46 PM
Quote:
Originally Posted by 27AllIn
Didn't the previous FED coins get sold at below market value. If someone can confirm this, that would pretty much discredit any semblance of credit onemoretimes has in his argument.
Wow. Even if they were sold below market, the people bidding use the current market price to decide what to bid. So if market price is higher, they bid higher.
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11-05-2015 , 11:15 PM
onemoretimes: the only short who's "right" when the market goes up $200 and then down $100.
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11-05-2015 , 11:22 PM
Quote:
Originally Posted by TimM
onemoretimes: the only short who's "right" when the market goes up $200 and then down $100.
Yeah, especially when they let it fall $100 before the bids, not after. Should have waited an extra day, what kind of incompetent morons did that?
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11-05-2015 , 11:30 PM
I'm sure the investors bidding just check the price the day of the auction to decide what their bid will be.
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11-06-2015 , 01:36 AM
And it appears one of the biggest exchanges is experiencing a cyber attack this morning?
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11-06-2015 , 04:30 AM
Quote:
Originally Posted by NxtWrldChamp
And it appears one of the biggest exchanges is experiencing a cyber attack this morning?
They use to do this to create a panic sell at MtGox, then they would sell at top and buy at bottom and reap the rewards.
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11-06-2015 , 07:46 AM
Quote:
Originally Posted by TomCollins
Yeah, especially when they let it fall $100 before the bids, not after. Should have waited an extra day, what kind of incompetent morons did that?
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11-06-2015 , 07:50 AM
If someone wanted the price of bitcoin to go down by $1, could they manipulate it with $200k if they made a order? Or do you need a lot more funds to change bitcoins price by $1
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11-06-2015 , 08:47 AM
Omt, are you a 9/11 truther?
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11-06-2015 , 09:12 AM
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Originally Posted by housenuts
Omt, are you a 9/11 truther?
jet fuel doesnt melt steal beams
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11-06-2015 , 09:35 AM
Also omt logic makes no sense.
His theory govt is going to pump up price pre auction.
Why then were you shorting?
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11-06-2015 , 10:17 AM
Sweeping the order book by selling $200K worth of BTC would knock down the price about $8 on Coinbase Exchange. I don't think that would do much, because there are many other exchanges, and it would likely not cause others to panic sell.
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11-06-2015 , 10:20 AM
Quote:
Originally Posted by TomCollins
Yeah, especially when they let it fall $100 before the bids, not after. Should have waited an extra day, what kind of incompetent morons did that?
As explained before.. it's only profitable to use a certain amount of money to take the price up. They can't control how high the public would take it. If the public takes it 500 because everyone has fomo and then they all change their minds.. the feds just can't buy it all up at 500 to hold the price.
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11-06-2015 , 10:37 AM
I don't know who any of you are, but you sound like a bunch of people who think they can handicap sports. You just can't do it.
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11-06-2015 , 10:42 AM
I don't know who you are h_ven but your dog is straight up ballin
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11-06-2015 , 11:55 AM
Quote:
Originally Posted by onemoretimes
As explained before.. it's only profitable to use a certain amount of money to take the price up. They can't control how high the public would take it. If the public takes it 500 because everyone has fomo and then they all change their minds.. the feds just can't buy it all up at 500 to hold the price.
So they cost themselves 44,000 * $100 = $4,400,000 by not buying a bit more when it started to dip to continue the public rise up?

How much do you figure they spent on coins to rise the price? When do they sell those? Who gets the profits from the extra money raised?
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11-06-2015 , 04:47 PM
Quote:
Originally Posted by TomCollins
So they cost themselves 44,000 * $100 = $4,400,000 by not buying a bit more when it started to dip to continue the public rise up?

How much do you figure they spent on coins to rise the price? When do they sell those? Who gets the profits from the extra money raised?
Look.. I had a theory. It made a lot of sense the feds could pull this off and make a bunch of extra cash. I don't have the exact details. I'm not a member of the feds. I said let the price do the talking. The price has spoken. That was the ONE thing I said we'll let decide this because it can't be proven. Now that the price action has acted EXACTLY like I had said.. I'm still getting the questions. Do yourself a favor and unload and short then buy cheaper. Then thank the feds.
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11-06-2015 , 04:49 PM
What you miss is that it costs more to manipulate the price than they could have made by doing so.
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11-06-2015 , 04:58 PM
Quote:
Originally Posted by TimM
What you miss is that it costs more to manipulate the price than they could have made by doing so.

That's not true. If you have 44k coins to auction, but can move the price up $50 by buying 15k coins.. don't you think that's a +ev play?
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11-06-2015 , 05:00 PM
You can't move the price $50 by buying 15K in coins. Not even close.
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11-06-2015 , 05:04 PM
Quote:
Originally Posted by TimM
You can't move the price $50 by buying 15K in coins. Not even close.
Right now you could spike it + $30 for 4500 coins on ********.

The thing is if they start to accumulate, they get the damn momentum traders jumping on that help move it for them. How many ****ing articles came out because bitcoin price was going up which brought in even more buyers. I got a damn text from my mom today saying she read bitcoin is back on the move and may be a good buy. (she knows I'm a bitcoin person). I couldn't help but laugh
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