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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26384259 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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August 04, 2014, 03:59:54 AM


Explanation
lightfoot
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I fix broken miners. And make holes in teeth :-)


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August 04, 2014, 04:02:24 AM

Out of curiosity, is anyone going to be at Defcon/Blackhat/Vegas this week? Want to spend some bitcoins on root beer?

I'll pack a pair of bitcoins and see what I can do.

C
justusranvier
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August 04, 2014, 04:04:23 AM

Out of curiosity, is anyone going to be at Defcon/Blackhat/Vegas this week? Want to spend some bitcoins on root beer?

I'll pack a pair of bitcoins and see what I can do.

C

Yamamushi is going to be there, trying to see if he can win the scavenger hunt for a sixth year in a row.
hyphymikey
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August 04, 2014, 04:24:21 AM

I am groot!
mooncake
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August 04, 2014, 04:28:54 AM

There was significant buying last Friday. Will we see the same later today?
hyphymikey
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August 04, 2014, 04:38:00 AM

The bigger the wall the harder they fall!

Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.

I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.

Yeah, I'm bitter, so what?
seriouscoin
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August 04, 2014, 04:42:07 AM

The bigger the wall the harder they fall!

Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.

I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.

Yeah, I'm bitter, so what?

BINGO. Someone with level head.

That market is being manipulated. Its even easy to see they sold to their own buy order.
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August 04, 2014, 04:43:55 AM

The bigger the wall the harder they fall!

Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.

I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.

Yeah, I'm bitter, so what?

Only works for short term. Long term depends on overall demand and supply.
dropt
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August 04, 2014, 04:45:43 AM

Why the miners put up with being manipulated is beyond me.

Personally I think the big (Corp) miners really don't give a shit.  They're making millions for doing almost sweet fuck all.  The smaller miners aren't the brightest bunch and are probably completely oblivious.
hyphymikey
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August 04, 2014, 04:46:57 AM

The bigger the wall the harder they fall!

Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.

I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.

Yeah, I'm bitter, so what?

Only works for short term. Long term depends on overall demand and supply.

Oh I know it's short term, but 6 months in bitcoin seems like an eternity! Or is it just me?
Essex343
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August 04, 2014, 04:51:18 AM

Thing is the big walls (1000-2000) lately have been all real, not pulled. They've been sold through, which shows sell pressure, but the question is whether the buyers are fake (selling to self), and whether they will in turn sell at a loss vs. accumulating. If the latter, seller exhaustion comes sooner than you think.

I doubt the big walls we've seen sold through on Huobi are selling to themselves -- they spent way too much time at spread being nibbled on, and were never taken out in single orders.
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August 04, 2014, 04:58:16 AM

The bigger the wall the harder they fall!

Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.

I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.

Yeah, I'm bitter, so what?

Only works for short term. Long term depends on overall demand and supply.

Oh I know it's short term, but 6 months in bitcoin seems like an eternity! Or is it just me?

aminorex said that the sell walls now are like a dam. I agree. The pressure is rising but ammunition is limited. When the dam breaks, expect all hell to break loose.  Grin

Don't know when exactly, but it is coming. Why do I say that? We hear only good news now but the price is not bulging. When no more coin to spare, expect the demand to overwhelm available coins.

To be fair, the selloff from Dec - May is justified. 1. Price rose too high, too fast. 2. Bad news keep pouring on. May is the reversal turning point. But only time will tell.
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August 04, 2014, 04:59:52 AM


Explanation
derpinheimer
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August 04, 2014, 05:22:02 AM

The bigger the wall the harder they fall!

Bad thing is the people putting up these wall know exactly how much money is on the exchange and as soon as their wall starts to get nibbled they take it down and run like little bitches. I wish someone would just market buy the whole damn thing. But seeing as that rarely happens makes me think the walls are extremely fake and only put there to keep the price low so they can buy OTC from miners on contract. Why the miners put up with being manipulated is beyond me.

I have a plan that if I ever win the lottery I will just market buy 30 million across exchanges when I see big walls just to fuck the manipulators over, slippage be damned.

Yeah, I'm bitter, so what?

BINGO. Someone with level head.

That market is being manipulated. Its even easy to see they sold to their own buy order.


I havent seen a single fake ask wall on Bitstamp or BFX in awhile. They exist on Huobi/OKcoin but the reverse is also really common there. The walls are real.
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August 04, 2014, 06:01:07 AM


Explanation
Wary
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Who's there?


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August 04, 2014, 06:16:09 AM

Just discovered, the Trezor is selling their Trezors. I mean, they are not taking pre-orders, but actually sell them. Wink http://www.bitcointrezor.com/. Payments in bitcoins, but price is pegged to dollar: 119$. One more good news, one more reazon for bitcoin price to go up not to move an inch.  Grin
mooncake
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August 04, 2014, 06:42:30 AM

Just discovered, the Trezor is selling their Trezors. I mean, they are not taking pre-orders, but actually sell them. Wink http://www.bitcointrezor.com/. Payments in bitcoins, but price is pegged to dollar: 119$. One more good news, one more reazon for bitcoin price to go up not to move an inch.  Grin
Cheesy
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August 04, 2014, 06:55:43 AM

Some selling into that huge bid wall on Huobi, but it just keeps on absorbing. Went from 2000 to 15xx, was sitting around 1600 for a while just now, and a few hundred were just added so it's now 1950. Wall man wants us to go up?
ChartBuddy
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August 04, 2014, 06:59:56 AM


Explanation
rpietila
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August 04, 2014, 07:06:59 AM

Some selling into that huge bid wall on Huobi, but it just keeps on absorbing. Went from 2000 to 15xx, was sitting around 1600 for a while just now, and a few hundred were just added so it's now 1950. Wall man wants us to go up?

From your description of the events, I would say that wall man wants to buy.
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