The Bitcoin Tracking Thread

[Santa]

Nothing is "normal" with a Bitcoin market. None of us are used to unmanipulated markets. The same crap would happen if Silver wasn't manipulated, it would just happen in slower motion.

Unmanipulated market?

The Tokyo-based exchange said last week that hackers are engaging in a strategy to manipulate the price of the currency:

[vacuum]

This perfectly defines the classic pump and dump. And it's completely anonymous.

Once people catch on that this is what's happening, they'll be like 'meh' even if entire exchanges are taken down. It's actually healthy over the long run because that makes everyone's confidence much less vulnerable when a state starts confiscating or shutting down exchanges.

[Jewboo]

Yep, this is the crash officially now.

http://www.thefiscaltimes.com/App_Da...et_article.jpg

No....No...Mr. Chump. This is great news. This is now a wonderful BUYING OPPORTUNITY !!!

[Shami-Amourae]

This perfectly defines the classic pump and dump. And it's completely anonymous.

If it goes to $20 or below, I'll agree with you.

If it stays at $150, it's a correction.

We all agree this was a bubble, but was the bubble at $20 when this mania started, or $150, which is half of the top, like my example I showed last night:

If the market acts like this, the bubble was at $150, and this was a successful rally, meaning it only overshot with the rally.
http://www.telco2research.com/custom...feb%202011.png

[Shami-Amourae]

No....No...Mr. Chump. This is great news. This is now a wonderful BUYING OPPORTUNITY !!!

Are you planning on being interviewed by King World News soon?

[Jewboo]

Are you planning on being interviewed by King World News soon?

http://abcnews.go.com/images/Technol..._090327_mn.jpg

Cramer and the lesbian jewess will soon be promoting Bitcoin.

[Shami-Amourae]

http://abcnews.go.com/images/Technol..._090327_mn.jpg

Cramer and the lesbian jewess will soon be promoting Bitcoin.

Why do that when Facebook stock is a STEAL now.

BUY BUY BUY!

[Horn]

Once people catch on that this is what's happening, they'll be like 'meh' even if entire exchanges are taken down. It's actually healthy over the long run because that makes everyone's confidence much less vulnerable when a state starts confiscating or shutting down exchanges.

Vacuum sounds like a Silver guy.

[Shami-Amourae]

NO! It's crashing all the way up to $180!

Fucking chickens!!

[Jewboo]

https://lh3.ggpht.com/-TWdYWRC63Rc/T.../gemini_02.jpg

Bitcoin vs. Litecoin Pricing Mechanism

Race to the bottom...lol.