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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
#51 Posted:
Joined: 07-29-2014
Posts: 13,023
TW, it was big pockets moving the money on the board. It had nothing to do with the tech behind blockchain.
HockeyDad Offline
#52 Posted:
Joined: 09-20-2000
Posts: 46,130
bgz wrote:
TW, it was big pockets moving the money on the board. It had nothing to do with the tech behind blockchain.


It’s prolly just your imagination.
DrafterX Offline
#53 Posted:
Joined: 10-18-2005
Posts: 98,548
I heard it was an algorithm created by Big Money and released on bgz and his people for killing the pipeline.... Mellow
BuckyB93 Offline
#54 Posted:
Joined: 07-16-2004
Posts: 14,188
Am I the only one who hears Jeff Spicoli's voice when they read bgz's posts in this thread?
shaun341 Offline
#55 Posted:
Joined: 08-02-2012
Posts: 8,826
If you read when Yellen was appointed then you would have known a big selloff was about to happen. She stated her first action would be to regulate crypto which is the same thing that happened when the Dems took power and regulated online poker. They said they were going to do it and then took the market away from the US. I would be willing to bet before the 4 years of Biden is done people in crypto are going to be wishing they had sold now. Has to do with the amount of money being traded so easily with terroristic groups.
teedubbya Offline
#56 Posted:
Joined: 08-14-2003
Posts: 95,637
I guess I don’t get it. It’s people with more than you or I moving things as they choose to do? I’d not really call that much of an algorithm anymore than some of the stock market predicting algorithms. Past doesn’t guarantee future etc.

But you know more than I
bgz Offline
#57 Posted:
Joined: 07-29-2014
Posts: 13,023
The algorithm is shady, I studied it by watching what it does to people. I literally watched it rob people for like 3 hours.

The coin market isn't as huge as a lot of people think. From what I can tell, most the actual trading is done by bots.

If you have a group of people with deep pockets, you can easily move the line any way you want. It's not regulated, you can manipulate it quite easily if you have enough money.
bgz Offline
#58 Posted:
Joined: 07-29-2014
Posts: 13,023
DrafterX wrote:
I heard it was an algorithm created by Big Money and released on bgz and his people for killing the pipeline.... Mellow


More likely they are getting revenge for the gamestop incident.
HockeyDad Offline
#59 Posted:
Joined: 09-20-2000
Posts: 46,130
I suspect climate change is the root cause.
teedubbya Offline
#60 Posted:
Joined: 08-14-2003
Posts: 95,637
I knew it had to do with crappy al gore rhythm
RayR Offline
#61 Posted:
Joined: 07-20-2020
Posts: 8,888
I thought it had to do with systemic racism.
bgz Offline
#62 Posted:
Joined: 07-29-2014
Posts: 13,023
Lol, maybe it was because they just want to make a sh*t ton of money when the shorts come due on Friday...


Nah, that's crazy talk, you guys are probably right.
ZRX1200 Offline
#63 Posted:
Joined: 07-08-2007
Posts: 60,599
https://youtu.be/zdC3Qkb2pjw

He does move on beat
clintCigar Offline
#64 Posted:
Joined: 05-14-2019
Posts: 4,682
I like chicken
DrafterX Offline
#65 Posted:
Joined: 10-18-2005
Posts: 98,548
Bring me a bucket... Mellow
clintCigar Offline
#66 Posted:
Joined: 05-14-2019
Posts: 4,682
i can only get cheeekin...no buckets Sad
8trackdisco Offline
#67 Posted:
Joined: 11-06-2004
Posts: 60,075
Sounds like there is involvement frOM tHe BlaCk hAnD of the SSG.
Mr. Jones Offline
#68 Posted:
Joined: 06-12-2005
Posts: 19,421
TRuE....iT wAs G.a.R.y.
bgz Offline
#69 Posted:
Joined: 07-29-2014
Posts: 13,023
After further review, I think the algorithm is always on, but it's not as noticeable when there's a bunch of people active and playing.

When there's nobody playing, you can see it more clearly....

Not only that, but all the graphs look the same, it's like when they hit the switch... bzzzzzzz, all the graphs flatten to the same pattern. They'll diverge again eventually if left alone, but they're not left alone.

Sunday was such a point, it flattened and everything looked the same.

The algorithm definitely draws sharks though... always draws sharks. If it's not drawing sharks right now, you can bet they're coming up. Went back and looked historically, if there's some hills, it's only to more easily throw you into a shark pattern. Even on the way down, sharks all the way... bull rush to the bottom.

But that's natural right? Super aggressive pattern showing up in every coin pretty much all day every day?

If you look at the day chart, you can see that everyone knew it was going to go down Sunday right?

Made the algorithm easier to see with very few real players in the game.

If you look at a coin chart like BAT, or IOTA on the minute chart, it shows resistance... for real? You can clearly see there's nobody playing, how could there be resistance? How could a chart with nobody playing look exactly like bitcoins?

Make sense? Not to me either. If you look at either of those two charts on the minute, then run it side by side with something like bitcoin or ada, maybe it might make more sense to you on what I'm saying.

There's an algorithm sitting in the background drawing crypto graphs. It's done by moving money and moving the markers on the coins in key positions. It knows exactly when the next minute marker opens and closes.

Basically it shifts money around to draw sharks.

Here's the kicker... someone with equally deep pockets could change the path if they wanted to... but why would they?

Edit:

I don't want this to make it sound like I'm advocating not playing the coins...

I'm not, in fact, it makes me want to play it more >:)

... possibly Thursday night... but not until the tank is over.
bgz Offline
#70 Posted:
Joined: 07-29-2014
Posts: 13,023
Hopefully they drop it in a birdy fly at the bottom to get the maximum one day tank out of it to make sure it's low enough by Friday.

I could be wrong... it's just a guess. I don't know which direction they're going to push it... I'm rooting for a birdy fly though. They look rare on day scale though.

If that's the case, it probably won't hit it's lowest on Friday (but it should be low), it will probably be more like Monday or Tuesday. That's probably not what's going to happen though, I think it will we'll more likely see a dead drop to 38k to 42k to put it back on the line. Quickest line to cover... and historically, it looks like that's how they usually tank btc.
Mr. Jones Offline
#71 Posted:
Joined: 06-12-2005
Posts: 19,421
I blame deep pockets M.u.S.k.
izonfire Offline
#72 Posted:
Joined: 12-09-2013
Posts: 8,647
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.............

Just like Rainman...
BuckyB93 Offline
#73 Posted:
Joined: 07-16-2004
Posts: 14,188
bgz, what's your take on K-Mart?
delta1 Offline
#74 Posted:
Joined: 11-23-2011
Posts: 28,784
didn't he retire a few years ago?

played mostly for the Kings
CelticBomber Offline
#75 Posted:
Joined: 05-03-2012
Posts: 6,786
BuckyB93 wrote:
These shrooms are AWESOME!


I hope you brought enough for everybody? They are out of season here.
bgz Offline
#76 Posted:
Joined: 07-29-2014
Posts: 13,023
BuckyB93 wrote:
bgz, what's your take on K-Mart?


He was alright... he played for the Nugs.
bgz Offline
#77 Posted:
Joined: 07-29-2014
Posts: 13,023
Oh, that k-mart. Looks more natural to me.

Coins look algorithmic... kmart looks chaotic... spikes are more arbitrary.
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