Post
Topic
Board Speculation
Re: A Stonewall Example of Market Manipulation/Engineering?
by
btc6000
on 03/06/2014, 15:25:07 UTC
Quote
But it isn't due to 'the free market' as Adam Smith intended it. This is whale ramping and chart formation engineering in a cornered market.

I'm gonna be really blunt here; if you're a shit trader it's because you're too emotional.

There is no 'free market'; the price is not simply supply vs demand. There is no free market in Bitcoin, there is no free market in gold, potatoes or anything else that has derivatives, shorts, options and other instruments of liquidity. The market is rigged against you. Every financial market is rigged against you. It's a zero-sum game. For you to win someone else has to loose. Stressing about the unfairness of what whale's, bots, HFTs, governments and/or fud-spreading low-life can and cannot do, is completely pointless.

As it appears you've worked out, the pretty patterns on a chart can be painted by those with the resources to do so. In a market as thin as Bitcoin 'they' could paint a giant cock and balls on the charts if they wanted to.

Accumulation, Manipulation, Profit Release*. That's how 'they' work. Accept it for what it is, trade with it, not against it.

Cheers,

Edit * -acknowledgement Martin Cole