Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[pheL]

the 11k wall just turned into 6k wall

/edit and 11k again

Now 5k.

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[pinky]

the 11k wall just turned into 6k wall

/edit and 11k again

Now 5k.

...and it's gone.

[joburgtaxi]

all advised to to double check harnesses & ripcords. oxygen masks. prepare for rapid descent. set bids low : -)

What number do you think the set bids low "runway" touchdown point will be ?

[porcupine87]

the 11k wall just turned into 6k wall

/edit and 11k again

Now 5k.

...and it's gone.

Did anyone see it? The 11k wall was placed at 625$. I say a buy with 58btc at 625$, then 29btc at 625$ and the next buy was 627.9$. So were the first two buys into the large wall and the wall got pulled afterwards?

[dreamspark]

Its just so easy for early adopters to manipulate the market on such low volumes.

You can almost guarantee that the wall will return...

[threecats]

all advised to to double check harnesses & ripcords. oxygen masks. prepare for rapid descent. set bids low : -)

What number do you think the set bids low "runway" touchdown point will be ?

i did some quick math and put a bid in at 104.5 just for fun  : -)  but no such luck this time i guess.

i think dreampark is right. the day has just begun with this guy.

[MelMan2002]

the 11k wall just turned into 6k wall

/edit and 11k again

Now 5k.

...and it's gone.

Did anyone see it? The 11k wall was placed at 625$. I say a buy with 58btc at 625$, then 29btc at 625$ and the next buy was 627.9$. So were the first two buys into the large wall and the wall got pulled afterwards?

Not likely - bots tend to put orders in 1 satoshi lower than big walls so it is more likely that those orders just hit the bot orders and the wall was unscathed.

[billyjoeallen]

Any reason for this dump or just mindless dumping because everyone else is?

2K BTC is nothing. That's not a "dump". The real problem is that there is nobody buying.

They are on CoinBase. I never had a shot at those $620 coins.

[billyjoeallen]

 

I understand that it can be difficult to make changes in law or society - especially, the larger the community.  Don't get me wrong, I do NOT appreciate having certain rule imposed upon me; however, I try to find ways in which I can accept and live in harmony without proclaiming that the government is some alien entity that is separated from my human interests.  Personally, if I were to pick one thing that irritates me the most about government is NOT the concept of taxes, but instead it is the fact that money has too much influenced government and those with a lot of money are NOT paying their fair share of taxes.  Accordingly, regular people have to pay more taxes b/c of the money corruption  that has infiltrated into the most recent government(s)... worse in the past 20 years or so.

I don't agree to disagree when the issue at hand is whether or not I am a slave. This isn't hyperbole. I can't leave the country without permission and even if I am allowed to leave, I still must file U.S. tax returns for ten years. I can't vote to change the system. There is no option on the ballot to leave the elected posts empty for the next term. Democracy is not consent of the governed anyway; it is consent of the majority or more accurately the plurality.

Slavery won't go away because it is immoral. It will go away because it is economically obsolete. There's just not much profit in it anymore and it is becoming less profitable by the day.

I am sad that you live in a state of mind that you feel that you are being forced.  Yes, I agree with the government in A LOT of ways; however, mentally, I recognize the fact that I live in a community of people.  The world is NOT just about me, and in this community of people, a variety of compromises have been made.  Some of the compromises are pure bullshit... Well, maybe a lot of them are pure bullshit that are in place to oppress people.  I recognize the law as a weapon of the rich to oppress the poor - however, it seems that my mentality is different from yours b/c I am NOT going to expend all of my energies bitching and moaning about how unfair it is and suggesting that the only solution is to throw out the baby and the bathwater by some kind of ousting of government.  That is too outrageous b/c there are a lot of people in the community, besides me.   

Personally, I believe that if there were ways to remove money influence in politics, and we were able to elect people to serve the interests of the people as a whole, rather than the rich, then we would move a long way towards a better society. 

If you and I sat down for a beer, I am sure that there would be a lot that we would agree upon, but I am NOT going to agree that the starting place is to shut down government (tomorrow or next week).  Change needs to be more incremental and focused, if such change is going to be meaningful and a product of society rather than a product of the will of only a few.

How can you possibly infer that opposition to monopoly governance equates to opposition to community? That's the most baffling non sequitur I can imagine. If you think rule of law is essential (and it is) then you cannot let the law be subverted by allowing one entity only to interpret and enforce that law, because then you effectively have rule of man and not rule of law. Of course politicians are going to be bribed and the wealthy are going to bend the State to their will. They have the incentive to do so. No reform is possible with the existing incentive structure in place. I'm not advocating an armed insurrection. That would be futile. I am advocating participation in the system to the least amount possible until in crumbles under its own weight. 

I still ponder over whether we made any progress in our conversation regarding this topic.   I remain of the position that it is my belief that government serves way to many roles to either discontinue it or to completely ignore it.  If you do NOT participate in government, then others will, and the others who are participating are going to have more power and leeway b/c you are NOT participating.  I do NOT see that as a solution that will cause some ultimate pie in the sky collapse... as you are suggesting.  I also find it very unproductive for people to be spouting off that government is NO good without offering solutions.    I seem to be repeating myself.. in regard to saying that I cannot see it productive to just say get rid of all government.. makes little to NO sense to me.

We're not making progress because you are not listening. The solution to the problem of monopoly governance is distributed governance. Businesses can compete to provide traditionally state-provided services the same way they compete to provide any other kind of services. Public goods can be provided through assurance contracts. And the collapse is coming whether you can see it or not. You don't have to agree with my ideology. All you need is basic math skills. The Federal Reserve and many other central banks are near the zero bound already. With no capital formation it's only a matter of time.

[ErisDiscordia]

Government is not Other people ganging up on you - even though frequently, it may seem as if an individual cannot do much to change the society in which s/he lives, but government is NOT the same as a thief.  

I have already made my point several times that a person asserting that the government is the same as a thief is failing to recognize complexity..

you have made absolutely NO point. You just keep repeating, that government is not the same as a gang of thugs and taxation is not the same as stealing, then fail to elaborate why. Then you accuse other people of doing exactly that - repeating one point without adding any arguments. Also you keep saying that "it is not the same, because it is complex" and you complain about fuzzy logic?? Sorry, this holds no ground.

I think I have seen your sort of outlook enough times to recognize the basic principles behind it. Would I be correct in assuming, that you think that:
1) government is a necessary part of society without which society can not function
2) it is possible for well intentioned people to do good through the government
3) it is possible for you as an individual to influence the government in a meaningful way?

anyway, your only argument thus far has been:

You as a citizen have a role in government, and you have a choice in where to live.  

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

[UnDerDoG81]

So much bullshit in this thread... $104  I wish some people would have moral and conscience...

[JorgeStolfi]

Just for the curious: two transactions that happened at Huobi at 3876 and 3783.8 CNY, jumping over dozens of bids that were in the order book between that value and ~3797 CNY.

3.5107   08:00:28 3796.1
2        08:00:25 3796.98
5.4129   08:00:19 3797
4.4855   08:00:15 3797.02
2.439    08:00:08 3797
3.1587   08:00:05 3797
0.0303   08:00:02 3783.8 <---
0.0977   08:00:01 3786   <---
0.26     07:59:52 3798.02
0.76     07:59:51 3799
3.082    07:59:51 3798.34
0.05     07:59:46 3799.98
1        07:59:44 3799.98


(From Bitcoinwisdom's charts.  Times are Brazilian times, so it is actually 11:00:01 and 11:00:02.)

Since they are the first transactions in the 11:00 hour block, perhaps they are bogus ones, say inserted just to prevent an empty 1h record in the charts?  Add a race bug...

[threecats]

So much bullshit in this thread... $104  I wish some people would have moral and conscience...

what is immoral about placing a low bid?

[UnDerDoG81]

So much bullshit in this thread... $104   I wish some people would have moral and conscience...

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

[hdbuck]

So much bullshit in this thread... $104   I wish some people would have moral and conscience...

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

finally. welcome in the "real" forum.


edit: the only guys worth listening are bears as you at least cash out some money and get to enjoy it before its too late.

[chessnut]

So much bullshit in this thread... $104   I wish some people would have moral and conscience...

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

placing a low bid is not spreading panic..... Im sure the victims of fud are grateful for any support when they panic sell.

but it is immoral to panic sell if you think about it, you are stampeding your peers. If you get hurt in the market, it is 100% your fault.

[octaft]

to which I say: WHERE THE HELL IS MY CHOICE TO LIVE WITHOUT A GOVERNMENT?

I am very curious what no government means to you, and why you'd want to live in a place without one. I mean, it's one thing to want less government intrusion, but are we talking less/no taxes, or are we talking no police department, no public schooling, no fire department. Where do you draw the line?

[JorgeStolfi]

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

Every transaction has two parties, a winner and a loser. So, there is no good or evil in this realm.

 

[porcupine87]

what is immoral about placing a low bid?

You are spreading panic and suggesting people they should sell. I often lost money because I listened to some "guru´s" here.

Every transaction has two parties, a winner and a loser. So, there is no good or evil in this realm.

 

Not really. It can have two winners. I bought at 300$ and sell for 600$, because I want to buy a camera. Then the prices rises to 900$, like you predicted. So buyer and seller win.

[JorgeStolfi]

I wonder if there has been ever in recorded history, anywhere on Earth, a group of people living together for more than a few weeks without some form of government, laws, and taxes.