Battle of the manipulators?  The instant the wall was pulled, BFX went nuts. It wasnt the other way around. At first I though the price started to rise on BFX and the wall guy removed it.. which would lead me to believe it was fake, but that is not the case. He might have been moving it down and now is confused as the price just shot up. |
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China starting to get a bit shaky.
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Doesn't look like 300 will hold on stamp
So before I go to sleep. What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall? Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins? Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling. Theories? My theorie, its some one that whants the price to go down. They are not intending to sell, otherwhise they would not have closed the sell wall and put it up higher. And with 30k I think that they can well bring it to 100 -130 if done right. The question is, who and why  Wild speculation would be, that the winklov brothers need more Bitcoin for there ETF. So they are trying to bring the Price down. ^^ Who is to say the wall wasnt there to: Sell many thousand coins eating the walls on $300 (He sold ~5k) Sell a couple thousand from bulltards who buy the wall, immedately after placed (He sold 2k) Remove most of wall and leave a few k behind to get panic bulltard to eat them (SOMEONE sold 3k here) Rinse and repeat until 40k coins are disposed of. |
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There's a premium that would need to be paid for someone to acquire 30K.. look at the USMS Auction. To show a 30K wall would be completely stupid unless, of course, it's just designed to scare people. It's working.
And yet nobody wants to buy it Ex-fuggin-zactly. No one wants this shit. You wanted cheap coins? Here they are! No? You wont buy until $274? Oh ok. Tomorrow: $260. Oh, you wont buy until $259? Oh, you are actually just a desperate bulltard trying to pretend these prices are sooooooo low and the steal of a lifetime... all the way from $600? Eat shit. |
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Yep. I tried to edit in some of his history in that image above, but must have saeved the wrong one. Below those small 3/12 btc sells etc are about 5 more sends ~1000BTC in May 2013 |
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Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.
It's most likely somebody waiting for fiat to arrive at the exchange to buy more coins (it's fake) Right, a guy who bought 40000 coins at $9-$11 and hasnt done anything but sell since is going to put a bunch of money in BTC now at $300? Get a grip.  |
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Even if the wall were eaten, its just going to deplete the market of a huge chunk of money. If its fake? Well.. that seems unlikely considering they are old coins.
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I think we will start chewing into that massive wall if it doesn't get removed sooner or later
Might take a few days though
That wall want be there once new fiat arrives on the exchange Desperate bull. |
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 This time it's smaller by 2k Probably because he dumped some to ignite panic. He already sold like 7k |
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A lot of people on Finex are waiting to get cheap coins again...Orderbook bid side got wiped out until 275$ a few hours ago, now there are already 5000+ BTC bids again What happens if they have to chase the price getting higher and higher?  i see you have changed your position lol This noob became bull at $360 |
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Just looking at the daily chart (stamp): out of the last 28 days (not including today) 21 have been 'red' days.
I'm struggling to find a period in BTC trading worse -- and I've been looking at 2011 and June - August 2013.
I find it crazy that there hasnt been a single bulltrap in over 2 weeks of pure downtrend. -30+% in 30 days and seemingly no panic about missing the train... Very bad? Or just a very overdue trap? I cant see how $400 wont be revisited before $300 falls, but I said $355 or so was a bounce point yesterday and yet here we are. |
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It has to do with random variance spikes in the times to find blocks. You can see different time averages at this site, the graph posted looks like a shorter term average like the 8 hr average: http://bitcoin.sipa.be/So sometimes the overall network just gets fairly lucky for a few hours and finds lots of blocks more quickly than usual, leading to a higher estimated hashrate than really exists. OR maybe yes some huge farm just got turned on. You can't say for sure until you let more time go by and see what the longer time averages turn out to be. OOooooh, good info. So when the hashrate is measured its not actually a measurement of the hashrate, its just saying how much faster or slower the network is getting blocks than it should? SORRY FOR THE FALSE ALARM ADAM |
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Huge farm just turned on somewhere, hashrate is over 340PH  Hashrate is up over 50% today! SHIIIIEET! holy fucks! OMG THIS IS CRAZY! this isn't showing up on bitcoincharts Im not sure, I've never used coinorama to look at nework stats before but I clicked it by accident. Maybe its not reliable. But BTC-Charts and the other ones arent either - they update only a couple times a day, if not once a day. coinorama updates a lot, if the graph isnt lying. guess we will see later today |
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Huge farm just turned on somewhere, hashrate is over 340PH  Hashrate is up over 50% today! SHIIIIEET! |
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There was a hidden bid wall on finex at 325 right now!
That was an ask wall... |
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the bull seems pissed off.
Lmao. This may have been the crazy volume low. Some people are definitely betting that now. Doubtful though. That was really powerful. |
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I am the chairman...........of the bored.
Don't worry.  LOL  |
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