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Last post 3 years ago by bgz. 77 replies replies.
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Bitcoin and other crypto were tanked by deep pockets this weekend.
bgz Offline
#1 Posted:
Joined: 07-29-2014
Posts: 13,023
I detected it, still haven't actually found news of it...

It was weird, I was playing Sunday morning and a weird thing started happening... I started losing!


I was like... how, my strat is sound, it's a grinding strat that plays on not being greedy.

So I started looking into it, and I noticed all the graphs were moving exactly the same. They were being pushed by an algorithm in the background. Historical data says it's always being pushed by an algorithm, but sometime on Sunday, they turned the tanking algorithm on (You can see it in the graphs, it shows up as noise over a certain section).

Then it made me focus on what was going on, and I noticed the wall behaving peculiar... it was moving the money weird, like it was building giant high cliffs on almost every push... and it was only letting you buy or sell at market, or what ever it minor amount the people managed to push it. Any play outside of market was instantly gobbled up by the algorithm, so that's pretty much all you got... there was no pushing for extra margins...

Then I got memorized and started watching the algorithm (lost a little money cause I thought I pulled my stack out but didn't... more on that later).

So I start comparing charts... you could look at any low volume chart and see exactly what the algorithm was doing... like iota or some other low volume coin... then you could see the manipulation in real time... it was doing it to every single coin... moving them all in the exact same way.

Then I realized... it was drawing sharks (I think the algorithm is always on, it always draws sharks).

What it was doing on Sunday though was sinister... first, it wouldn't let you make any play outside market price... well it would, but only if it was favorable to it.

Second... it kept making shark patterns (I don't know what they're really called, they look like sharks, and generally leads to a big wave of buy and sell. Here's where the sinister part is... if you looked at the hour or half hour graph, it had an up bottom line (the top line was the truth teller though).

On the minute line, when you looked at it, it was down hill sharks all the way with every wave not reaching the height of the last. What's that mean? If everyone thinks it's going up, they're going to play the splashes right? Playing splashes are fun... these were not fun, they were just eating peoples money on this shallow azz slope that it shifted. The lines were setup in a way that if you bought, then sold at the high, then bought on the line (at market price remember), you ended up losing money.

Back to the lesser coins... on the coins, you could see the fake resistance (seriously, there's no resistance if nobody is playing it). You can see exactly where the manipulation points were.

It made fake w's then quickly pushed them to head and shoulders.

It made dojis on the day chart at the bottom of dips to signify longs were safe... this one f*cked a lot of people I'm sure.

The algorithm was sinister... There was more. I learned more about analyzing stock charts because of this detection than I would have otherwise.

The one that definitively proved it though.. I was playing ada before I detected it (that's what I accidentally left my stack in, oops)... then hit a wall at 1.06... the wall refused to budge, buying everything that came up to it.

It had a little tongue at the bottom... it actually made a motion like... come on, you know what time it is... hand it over (you think I'm f*cking with you, it really did that). Then once it gobbled up everything up to 1.12, it just went down a giant cliff, I was like oh f*ck, let me sell what ever is in there (my whole stack was in there lol), so I sold.

Don't believe me, go look at your coin prices.
bgz Offline
#2 Posted:
Joined: 07-29-2014
Posts: 13,023
This article blames Janet Yellen...

https://sports.yahoo.com/cryptocurrency-bitcoin-doge-ethereum-sell-off-23-february-082538232.html

Pretty sure She's doesn't have the skills necessary to do what I observed on Sunday.

It's still doing it... it's still not safe to play.
bgz Offline
#3 Posted:
Joined: 07-29-2014
Posts: 13,023
And this: https://decrypt.co/58678/bitcoin-retreats-from-1-trillion-as-market-sees-300-billion-sell-off

Not true... I watched in real time what really happened. That money was yanked from people from the market... then sold.
bgz Offline
#4 Posted:
Joined: 07-29-2014
Posts: 13,023
Also just watched a vid on Satoshi Bets... apparently this dude thought it was coming because there was huge money on a bitcoin short... apparently that's on Friday.

So it'll probably be safe to play again after Friday.
bgz Offline
#5 Posted:
Joined: 07-29-2014
Posts: 13,023
It just occurred to me, they might do the opposite if everyone thinks the big shorts coming. I'll probably put a few hundred in on Thursday night and see what happens to it.
dkeage Offline
#6 Posted:
Joined: 03-05-2004
Posts: 15,151
I was rolling up our change and found SIX wheat pennies!

Applause
opelmanta1900 Offline
#7 Posted:
Joined: 01-10-2012
Posts: 13,954
That's 6 cents more than Ben has...
ZRX1200 Offline
#8 Posted:
Joined: 07-08-2007
Posts: 60,589
Gotta love getting an establishment guy back in.
opelmanta1900 Offline
#9 Posted:
Joined: 01-10-2012
Posts: 13,954
This is like listening to someone explain why they play a certain slot machine a certain way and it always wins and then asks if they can have five bucks...
opelmanta1900 Offline
#10 Posted:
Joined: 01-10-2012
Posts: 13,954
To be real, everything you saw on Sunday was reaction to the bitcoin slump... when bitcoin struggles, so does the rest of the crypto market...

You'll never see bitcoin crash and doge sky rocket... bitcoin is king and when the prices plummet, crypto dealers tend to pull everything out of random crypto and sink it all back into bitcoin in hopes of a rocket...

all crypto swings up and down but the value of bitcoin makes the value of those swings far greater than any other currency... that is why a plunging bitcoin means all crypto plunges...

That doesn't answer the greater question though, why did bitcoin crash in the first place? Easy... it's an invented form of currency with no security and no backing, whose only value is in the eyes of the beholder...

bgz Offline
#11 Posted:
Joined: 07-29-2014
Posts: 13,023
No, what I saw was real. You been warned (I know you don't play).

I can tell exactly on the graphs to see the noise of where they turned it on. I can tell you where the 1.06 cliff was (or you can just go look... it was when it first dropped to 1.06). It rebounded some, but.... it was playing pacman the whole way.

The algoithm got turned on at the super doji on sunday morning.
opelmanta1900 Offline
#12 Posted:
Joined: 01-10-2012
Posts: 13,954
What time did bitcoin slump on Sunday?
teedubbya Offline
#13 Posted:
Joined: 08-14-2003
Posts: 95,637
You play the game you take your chances
BuckyB93 Offline
#14 Posted:
Joined: 07-16-2004
Posts: 14,184
These shrooms are AWESOME!
delta1 Offline
#15 Posted:
Joined: 11-23-2011
Posts: 28,782
what's bitecoin?


what's cryptic currency?
bgz Offline
#16 Posted:
Joined: 07-29-2014
Posts: 13,023
opelmanta1900 wrote:
What time did bitcoin slump on Sunday?



It's not a slump, it's a big drip (more like a vacuum). The algorithm is yanking money out of the market.

The big wall happened at 20:25 utc. You can see the big flat part right before the tank, it was just sitting there gobbling money. That's when it made the "come on, hand it over" motion with the tongue at the bottom of the wall.

That's not when they turned it on... I'm having a hard time finding it, but it was earlier in the morning. It was easier to see on my phone when it was on the same day.
delta1 Offline
#17 Posted:
Joined: 11-23-2011
Posts: 28,782
who's "they"?
delta1 Offline
#18 Posted:
Joined: 11-23-2011
Posts: 28,782


























Flapper
JadeRose Offline
#19 Posted:
Joined: 05-15-2008
Posts: 19,525
All my money is in pie futures
bgz Offline
#20 Posted:
Joined: 07-29-2014
Posts: 13,023
delta1 wrote:
who's "they"?


My guess is hedge funds.
BuckyB93 Offline
#21 Posted:
Joined: 07-16-2004
Posts: 14,184
Them basturds!
BuckyB93 Offline
#22 Posted:
Joined: 07-16-2004
Posts: 14,184
bgz wrote:
It's not a slump, it's a big drip (more like a vacuum). The algorithm is yanking money out of the market.

The big wall happened at 20:25 utc. You can see the big flat part right before the tank, it was just sitting there gobbling money. That's when it made the "come on, hand it over" motion with the tongue at the bottom of the wall.

That's not when they turned it on... I'm having a hard time finding it, but it was earlier in the morning. It was easier to see on my phone when it was on the same day.


Chow another gram, give it like an hour or so then look back to the charts.
opelmanta1900 Offline
#23 Posted:
Joined: 01-10-2012
Posts: 13,954
bgz wrote:
It's not a slump, it's a big drip (more like a vacuum). The algorithm is yanking money out of the market.

The big wall happened at 20:25 utc. You can see the big flat part right before the tank, it was just sitting there gobbling money. That's when it made the "come on, hand it over" motion with the tongue at the bottom of the wall.

That's not when they turned it on... I'm having a hard time finding it, but it was earlier in the morning. It was easier to see on my phone when it was on the same day.

Let me ask you this... what would the charts have looked like if, rather than an intervention by algorithm, there was a coordinated withdraw from the crypto market?

For instance, let's say a few months back some guy decided he was going to make money in crypto currency... so he gets 100 friends to invest with him... they all invest in the same currencies and they all buy and sell simultaneously...

On the other end, these guys are spreading the word about how smart it is to invest in crypto... they're on reddit, they're on twitter, they're even on cbid...

keep in mind, they're already invested, so the more people they can convince to buy in, the more money their crypto is worth.... and the more their crypto is worth, the more word spreads about how valuable these currencies are and the more people are willing to invest...

it's a beautiful cycle! But only if you're the guy or one of his hundred friends...

Because one day the guy is gonna decide the imaginary balloon is getting too close to popping.... and he's gonna bail on the whole crypto market... and his 100 friends are going to do the same thing at the same time...

And like all pyramids, when you remove the bottom layer the whole thing comes crashing... may take days or weeks or months even... but the other layers will eventually realize the weight they're bearing and they too will bail...

Moral of the story: the guy and his hundred friends are gone... they've taken the money they made off of people who believe the hype and placed it safely back in the stock market... but they'll be back and they'll make sure to let you know when they are... right after they buy their shares...
HockeyDad Offline
#24 Posted:
Joined: 09-20-2000
Posts: 46,128
I have more faith in currencies backed by a large military.
bgz Offline
#25 Posted:
Joined: 07-29-2014
Posts: 13,023
I get what you're saying, you should be sceptical... I'm making a big claim.

You saw the way I play, I'm engaged. I detected the anomalies. I'm literally playing it like a video game.

Asvab, 99.9 percentile in pattern recognition.

Take that as you will. I saw what I saw.
fishinguitarman Offline
#26 Posted:
Joined: 07-29-2006
Posts: 69,148
Whistle fog
bgz Offline
#27 Posted:
Joined: 07-29-2014
Posts: 13,023
HockeyDad wrote:
I have more faith in currencies backed by a large military.


I do too... that's why I cash out when I'm done playing. To me it's more like a video game...

A video game that has the potential to spit out cash.
opelmanta1900 Offline
#28 Posted:
Joined: 01-10-2012
Posts: 13,954
bgz wrote:
I get what you're saying, you should be sceptical... I'm making a big claim.

You saw the way I play, I'm engaged. I detected the anomalies. I'm literally playing it like a video game.

Asvab, 99.9 percentile in pattern recognition.

Take that as you will. I saw what I saw.

I'm not doubting you saw what you saw... I just don't think what you saw is most easily explained by algorithmic activity, nor do I believe what you saw is any different or distinguishable from what you would see following a coordinated exit from the crypto market...
bgz Offline
#29 Posted:
Joined: 07-29-2014
Posts: 13,023
You do realize what I do for a living don't you?

I have a deep understanding of software systems.

I know what I saw. I suspect it's going to keep tanking through Friday morning. That's when the shorts are due.
BuckyB93 Offline
#30 Posted:
Joined: 07-16-2004
Posts: 14,184
Sounds kinda like what the stock market has been doing recently.

https://tinyurl.com/Bitcoin-vs-NASDAQ-past-5-days

Meybe the algorithm hacked into Wall Street too.
bgz Offline
#31 Posted:
Joined: 07-29-2014
Posts: 13,023
Ya ya, I get it... don't believe me, I don't care. Pretty sure fgm believes me... but he's probably the only one.

Interesting chart comparison though. I don't think bitcoin is hacked, I believe it's line is dictated by algorithms built by big money guys.

I believe the algorithms are always on... they are always pushing it towards a destination for a specific goal, you just have to know what side the money is on and play accordingly.

opelmanta1900 Offline
#32 Posted:
Joined: 01-10-2012
Posts: 13,954
bgz wrote:
You do realize what I do for a living don't you?

It's not investing in crypto, I know that much...
bgz Offline
#33 Posted:
Joined: 07-29-2014
Posts: 13,023
opelmanta1900 wrote:
It's not investing in crypto, I know that much...


True... I am not a pro crypto trader... I am very adept at spotting anomalies though.
teedubbya Offline
#34 Posted:
Joined: 08-14-2003
Posts: 95,637
I got this thing on my hand....
opelmanta1900 Offline
#35 Posted:
Joined: 01-10-2012
Posts: 13,954
bgz wrote:
True... I am not a pro crypto trader... I am very adept at spotting anomalies though.

There can only be anomalies if there's a set pattern and neither the stock market nor the crypto market follow established patterns...
HockeyDad Offline
#36 Posted:
Joined: 09-20-2000
Posts: 46,128
teedubbya wrote:
I got this thing on my hand....
I bet you do!
BuckyB93 Offline
#37 Posted:
Joined: 07-16-2004
Posts: 14,184
bgz wrote:
True... I am not a pro crypto trader... I am very adept at spotting anomalies though.


Picking out trends in historical data is not a new thing. Now, if you can predict the future you might have something.
BuckyB93 Offline
#38 Posted:
Joined: 07-16-2004
Posts: 14,184
I predict that I'll get a....
BuckyB93 Offline
#39 Posted:
Joined: 07-16-2004
Posts: 14,184
tirty NINE!
delta1 Offline
#40 Posted:
Joined: 11-23-2011
Posts: 28,782
teedubbya wrote:
I got this thing in my hand....


fixed


hey TW, you really like that button, huh?
bgz Offline
#41 Posted:
Joined: 07-29-2014
Posts: 13,023
BuckyB93 wrote:
Picking out trends in historical data is not a new thing. Now, if you can predict the future you might have something.


I didn't detect the anomalies on the charts right away... I detected while in game.

The depth chart was acting funny. It wasn't acting how it usually does. It was restacking money un-naturally.

There was a huge gap in every single spread where it moved in a way that you could only achieve market price. You could literally see the walls restacking themselves to move you in the direction it wanted you to go...

The chart position I gave was the exact position where the wall stacked up and gobbled money... you don't have to believe me.

Again... I know I sound crazy.
bgz Offline
#42 Posted:
Joined: 07-29-2014
Posts: 13,023
Seriously, go look at the chart that shows you the action below the graph... you'll see for like 5 minutes before the marker I gave you, it's all red... all of it... big big red buys (they were buys because the wall just sat there with it's mouth open), no green action, no movement on the line. Tell me, does that look natural?
rfenst Offline
#43 Posted:
Joined: 06-23-2007
Posts: 39,289
opelmanta1900 wrote:
T

That doesn't answer the greater question though, why did bitcoin crash in the first place? Easy... it's an invented form of currency with no security and no backing, whose only value is in the eyes of the beholder...

Just like a shiny gold ingot?
Actually, I have absolutely zero understanding of whatever the hell you guys are talking about.
Could you explain it to me like I was a 5th grader?
opelmanta1900 Offline
#44 Posted:
Joined: 01-10-2012
Posts: 13,954
Gold has the advantages of being both rare and sought after, hence its value... if either of those qualities went away, it would be much less valuable...

Crypto is not rare... therefore the value of crypto comes from a single category: how sought after it is... and unlike gold, there aren't multiple reasons anyone would want crypto... they want it so they can eventually convert it back to a real currency at a higher value than what they bought it for...
HockeyDad Offline
#45 Posted:
Joined: 09-20-2000
Posts: 46,128
It’s electronic Monopoly money that you can actually trade for a chicken.
DrafterX Offline
#46 Posted:
Joined: 10-18-2005
Posts: 98,547
I could sure use a bucket of fried chikens about now..... Mellow
teedubbya Offline
#47 Posted:
Joined: 08-14-2003
Posts: 95,637
I would think the block chain would prevent most anomalies or make them obvious and as a result moot.
teedubbya Offline
#48 Posted:
Joined: 08-14-2003
Posts: 95,637
That said I don’t know much about it. I don’t even know how many cryptos a bucket of chickens cost.
teedubbya Offline
#49 Posted:
Joined: 08-14-2003
Posts: 95,637
Are you suggesting the anomaly is with the exchange itself or across unaffiliated currencies?
rfenst Offline
#50 Posted:
Joined: 06-23-2007
Posts: 39,289
HockeyDad wrote:
It’s electronic Monopoly money that you can actually trade for a chicken.

Where's MINE?
LOL.
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