The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved. I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.
That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.
NB Above theory could be total bollocks
or a smart trader who will sell now and buy much cheaper.... I appreciate the larger assumed strategy but I've been watching these wall games for about a year now and they are usually repositioned to maximise their effect and impact, indeed you usually begin to divine a purpose to the moves. But this gut looks like he parked an order and has gone off to do other things. yes why not ? I would do the same... it takes patience to make profit, watching the 15 minute chart will never make you any profit, you will be just paying allot of fees and losing your nerves, I found a couple of trades a month to be the most profitable trades ever. I can smell a crash to 400, you dont have to be bullish short term, you have to adjust your position with market moves, but to be honest I am so bullish long term... To paraphrase Buffet that if you keep all your coins in one order, you watch this order closely.” He could have maximised his profits by moving the wall and when you have 10K of coin, you dictate where the playground is. But clearly whatever this is, it's not a reversal...I've been in the 450 camp for weeks now but of course there will be recovery, more moon, trains and CCMF at some point. |
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I speculated the same thing a few days back
I recall it vividly  And that you were quite tired and emotional by that point in the evening  |
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The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved. I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.
That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.
NB Above theory could be total bollocks
or a smart trader who will sell now and buy much cheaper.... I appreciate the larger assumed strategy but I've been watching these wall games for about a year now and they are usually repositioned to maximise their effect and impact, indeed you usually begin to divine a purpose to the moves. But this guy looks like he parked an order and has gone off to do other things. |
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The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved. I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.
That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.
NB Above theory could be total bollocks
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Was the merchant announced?
What is more interesting for now is the number of customers that walked through the door and opened an account Of course (especially with all these exchanges messing up like MtGox) but I am very curious about this! Danny posted a few pages back: We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.
Is this the 'merchant' ?....Idk |
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poof
"And then he was gone..." Sorry, Keyser I guess that is your line |
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So what is this persons strategy?
this is "old school" Bitcoin trading. The trick is, the price will move in the direction of the huge wall. He's getting people to set their sells lower and lower. He inches his wall down, then BOOM, he'll put the wall much lower and buy up everything in between for cheap, raising the price, catching bears off guard. At least, that's one way the game was played at lower prices on Gox. Ah...the good old days...  |
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Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now Uh, how is a 10k sell wall irrelevant when 1. Its completely new 2. Its $10 above current price? <---------- being used to suggest ironySorry, Sir, I'll sit at the back and shut up |
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Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now Do you know how stamp works at all? There is no market order option. There is limit order, or simple. Limit, you know what that is. Simple is when you just sell at spot, but as soon as a bot bids 0.0002 lower than you, then spot moves 0.0002 below your sell order and it is not triggered until spot is bid up to sell order. This looks to me like some noob went to dump 10K BTC using SIMPLE! If that is the case, then we can expect that 10K BTC to disappear as he cancels his sell order, and tries again using limit order. Either that, or it is a hack. I didn't say anything about market orders....you wanna reign in the aggression/condescension please. I've engaged with you and disputed your PoV but always politely and respectfully, but you've already called "a worm" for reasons I'm unsure of, so just "cool your jets George." |
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Having read through the posts since I slept I can see everyone is a bit fraught....I'd better the throttle the insolence back a bit. Remember....don't panic  just run!! |
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G'day all, Empowering If you are interested in Neo you should also check the Bitcointalk thread https://bitcointalk.org/index.php?topic=289730.2880and especially this quote from Danny (CEO) yesterday All the newspapers have our cover on them today and we have blanketed the island with information about us and Bitcoin over the last few months. We have had statistical indications from external sources that our marketing campaign has achieved more discussion and penetration than any other campaign before in Cyprus.
We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.
I actually raised the adverts around the page 5000 mark and there were some dissenting voices from the other side of the pond -- fortunately Neo's marketers realise they live in Cyprus rather than NYC or the mid-west. Re this 10K sell wall at 600....bit irrelevant since we're hitting the 570s now |
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I am still confused. From the comments in that reddit thread, I understood that there is not a single bit of new news about MtGOX: they did not start testing, they did not resume withdrawals, there have been no reports from them or anything. Did I understand it wrong?
Jorge, if it's on REDDIT then it's true, absolutely, 100% certainty -- it's new technology and you just wouldn't understand. |
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5000 pages... has ANYONE read the whole thing from page 1?
I started reading in the 130s  |
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This from the Neo & Bee CEO: We have also partnered with So Easy Stores, they have 41 locations on the island where people can buy anything you would purchase from a mini market. They will also enable people to buy Bitcoin though their Bee terminals and also sell bitcoins too. This has ensured our services are accessible from almost every city, town and village on the island.
Bullish. |
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 ADAM!! Speech... |
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Their choice of stock photography makes me facepalm. I thought the same; however, their market is face-to-face, so they are trying to appeal 'everyday' people. Such persons look very different in Cyprus to those in New York. |
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I think it's great. Why shouldn't people have the option of paying someone else to keep their coins safe for them?
I'm not sure it has any charge -- you just buy your coins from them. |
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Neo & Bee have got their new website live in anticipation of tomorrows opening. You should check it out. http://www.neo-bee.com/index.php/en/Whether you think having a BTC-bank is a good idea or not, you should agree this is going to be a new marker in path the to adoption. |
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yea I want out of Australia too - I just don't know of any truly independent and non-corrupt place to go to though.
U want out of Australia? U clearly have no idea how good you guys have it there compared to just about everywhere else. Spot the Pom!!  Seems my fellow Aussies have addressed this in some length and everything they say is true and then some. For example, you could add our energy policy and our relationship with the environment, the extreme political apathy and the increase in blind nationalism....which is reflected in our fashion sense  And we love our Prime Minister so much we can't stand to look at him anymore... http://stoptonymeow.com/ |
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Let's see whether I got it right: someone noticed that MtGOX made a tiny transaction, which actually was like several others that they had been doing all along since the lock-in; a transaction which had nothing to do with withdrawals, and moreover was rejected by the network because it contained mined bitcoin that was too fresh -- a bug that MtGOX's software was known to have, and which apparently has not been fixed yet. That is why the market suddenly got excited and optimistic, and the price jumped up by 10% in a few hours . Correct?
Or visually represented:  |
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