The person pushing the price up could also be placing all the ask walls of 100. Trying to get people to buy them. There are people that have admitted to buying their own massive walls in order to create a bull rush/rally. These people have so much money they don't care about the fees of buying their own walls as long as they make more profit in the end.
I have seen walls on both sides, that are suddenly dropped and the buying/selling plows into what is left. It seems to sucker people forward then the wall drops and its grabbed up. Even if a lot of the walls are fake they usually have the desired effect. |
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I am a big buyer  She is lovely  Sadly is seems the chinese fiat has left as quickly as it came.  |
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Finally Chinese Fiat has arrived!
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Ready...Set...RALLY!
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Good Guy Manipulator
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Bid wall at $105ish was as fake as the ask wall sitting at $108
LOL
8k wall back. Gotta love rich people having a virtual penis war on the exchange. Least it's entertaining. |
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Looks like this guy plays for both sides. |
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Thank you for all the coins. Rpietila has bought 2,500,000m BTC, left the trading desk, and will join the guests in his conference. I love it when supernodes go 3rd person. Back to the wall, that ask wall is pulling back slightly. He really doesn't want anyone eating it up. |
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Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also. While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person. IMO the whales are the market. What percentage of traded BTC do you think they own? I agree. If you take out market buys of 50k or more and market sells of 500 or more of BTC, the market is extremely stable. It's the big dumps/buys that move the market, then it just chills. Sadly there's money to be made pumping/dumping which is where almost all of the volatility comes from. I'd say 80% of the BTC/USD on Gox is owned by 40 people. |
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Whoa, 8000 BTC wall around 105. I wonder if that will scare people back down to double digits.
That wall is as fake as they get.. Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also. While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person. |
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You're going to see a run up to 110 in just a few minutes.
The problem is someone with 5-7k in coins is doing his best to prevent that. Fake or not, they work. Given the coin dumps, the aggressive bid walls, the market response was fairly bullish. |
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you bulls will never learn  enjoy this brief period in triple digits while it lasts +1 The wall was tested and fell..that means one thing..im not gonna buy yet...i think we are going to go much lower...maybe not today though. Volume is going through the roof on this fall. Gunna be a long drop. See yall at the bottom It's really not that dramatic.  Someone dumped a bunch of coins all at once. The price went down. People bought it back up and someone with 4k coins is trying to pin the price down. After all that excitement, we're down $2. It's cool you sold and you're waiting to get back in, but you don't have to go all chicken little on us. |
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you bulls will never learn enjoy this brief period in triple digits while it lasts +1 The wall was tested and fell..that means one thing..im not gonna buy yet...i think we are going to go much lower...maybe not today though. People are starting to realize trying to hold a magic number is silly. Let it fall. Use that money to buy back and you'll end up with more coins. Everyone who left 100, probably ended up getting cheaper coins 97-100. Let them dump. Let the price go down. Let it hit bottom, then buy. People are pulling bids then just buying back up. Much better way to do it. |
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Mmmm coins!
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Walls gone...
Moved to 104. Edit: Ran away. Probably going to 105 or 106. |
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*lol* He bailed quicker then I thought he would.
So wait, you want to keep the price down, but you don't want to sell. Mmmkay.
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Man, the fact that everybody here is cheering every crash is such a bullish signal I'm about to go all in NOW (I don't think I will do it but I'm not joking anyhow)
I think that the large traders propelling these trends think of us here as sort of scalpers. We know the game, and they let us play. Yes - second time today someone has unloaded 1300 at once to buy them back cheaper. This time the market seems to have bounced back faster than he expected though. Its over 100 now. That 5k ask wall will prevent it from going much higher. Would probably get pulled but there's not always someone willing to test it to find out. |
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It's getting bumpy out there.
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Wallzilla giveth and Wallzilla taketh away. |
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