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

[fonzie]

If someone ever witnessed the situation of the BTC-E alts(LTC/NMC/PPC) last year before the runup. This is a 1:1 copy of it.
Ask seleme. I still remember that 5000BTC LTC wall @ 2$ , one week later it shoot up to 45. Push it down as hard as you can, shake everyone out, buy as much as possbile, remove asks (buy a bit into your own after accumulation to enleash bullish sentiment; Lots of USD on the orderbook, most coins are gone.  --> Rocket
I would be highls impressed it this isn´t what we are seeing here. Also someone with 30k coins would probably prefer to sell OTC .
I´m not saying a hard bull-run is coming in, but this here (guy@300) happens definitely to create panic and push the price down to buy below it.
It could even go on for 1-2 weeks, and the price might fall to 200$, but this is not about someone leaving the game.

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[2dogs]

Hmmm, just woke up and find the price is now 285.
What the hell is going on?

[dakota neat]

Hmmm, just woke up and find the price is now 285.
What the hell is going on?

You're getting assraped.

[prophetx]

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.

 

Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.

There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5KBTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.

If he wanted to sell, he would have called, GABI, Tim Draper, Barry Silbert, some other OTC exchange, or just dump them all in one go. But not by placing walls on a sunday!

maybe he wanted some entertainment value.  maybe he called them and they said no, or gave him a bad rate.  maybe he is drunk and found out his g/f was in a gang bang last night with his brother...

you don't need the reason, the fact is there is a wall, there is a person who is trigger happy, and could shit on your trade at any moment.

[PL_CoinTrader]

Hmmm, just woke up and find the price is now 285.
What the hell is going on?

The world is gonna end tomorrow. Obvious is obvious.

[Tzupy]

To Mr Manipulator: You already own huge stash of 30K-40K and create panic over an already bear market in the hope of gaining 2k-3k btc more. You just proved bitcoin is a joke, rigged market and being openly manipulated. Your asset will be more depreciated by your action than your gain in the medium/long term.

PS: Please continue now, hurt is already done and i have to buy but cheaper  

Well said, my thoughts too.

[aclass]

Exactly.

Remove your buy orders. Let it slip down as resistance right now is pointless.

If someone ever witnessed the situation of the BTC-E alts(LTC/NMC/PPC) last year before the runup. This is a 1:1 copy of it.
Ask seleme. I still remember that 5000BTC LTC wall @ 2$ , one week later it shoot up to 45. Push it down as hard as you can, shake everyone out, buy as much as possbile, remove asks (buy a bit into your own after accumulation to enleash bullish sentiment; Lots of USD on the orderbook, most coins are gone.  --> Rocket
I would be highls impressed it this isn´t what we are seeing here. Also someone with 30k coins would probably prefer to sell OTC .
I´m not saying a hard bull-run is coming in, but this here (guy@300) happens definitely to create panic and push the price down to buy below it.
It could even go on for 1-2 weeks, and the price might fall to 200$, but this is not about someone leaving the game.

[fonzie]

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.

 

Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.

There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5KBTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.

If he wanted to sell, he would have called, GABI, Tim Draper, Barry Silbert, some other OTC exchange, or just dump them all in one go. But not by placing walls on a sunday!

maybe he wanted some entertainment value.  maybe he called them and they said no, or gave him a bad rate.  maybe he is drunk and found out his g/f was in a gang bang last night with his brother...

you don't need the reason, the fact is there is a wall, there is a person who is trigger happy, and could shit on your trade at any moment.

I have to admit, if i would own 100k+BTC , i would at least have once crashed one of the exchanges to 0$, just for the fun of it.

[mrkavasaki]

thank you bitcoin now my kids get no gifts for christmas

sorry  kids

[seleme]

I have to admit I am kind of worried...there is something happening behind the scenes.

Seeing that wall, the only thing it might happening behind is bullish.

hm. But do you think this wasn't the same guy which sold the 6000btc at $306? I just bought a few. Just in case to miss the bull time. (worse than losing money )

Whatever it is, the fact that there is entity who waited for btc to go down at 300$ without selling, and then put all that into the wall to scare people means only that somebody wants to buy, not to sell.

[podyx]

Bearish triangle is closing

If we go down from here then we are FUCKED
Say your prayers

[prophetx]

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator....

Yeah. If you have 30-50k Bitcoins and did never sell (mined or bought in 2010/2011) then it is time to take some profits.
And 300$ is not that bad (compared to 0.05$). The ATH was only 4x higher (and only a short moment). You can still make a shitload of good, old fiat and invest in somewhere else (house, metals, startup firm,...)

I guess there's always that early investor(s) who end up completing the bubble cycle. Because even at these prices, there's still a lot to be gained. And it's not like they have to sell off their entire stash. They can sell off 50% to secure millions and ensure that money, and still keep the other 50% for the long term.

ding ding ding ... some sanity in the house.

what would you do if you woke up with 50,000 bitcoins and your cost average was .50 in this market?

sell and buy a 10 room mansion and get 9 wives

I can understand 10 rooms, but who the f needs 9 wives?

i get bored easily

[btcprice]

BTC drop exactly coincides with USD jump up. Hmmmm. Conspiracy?

 

[seleme]

I have to admit I am kind of worried...there is something happening behind the scenes.

Seeing that wall, the only thing it might happening behind is bullish.

hm. But do you think this wasn't the same guy which sold the 6000btc at $306? I just bought a few. Just in case to miss the bull time. (worse than losing money )

Whatever it is, the fact that there is entity who waited for btc to go down at 300$ without selling, and then put all that into the wall to scare people means only that somebody wants to buy, not to sell.

Saying this it still can go down even more for them to buy even cheaper and that's the only reason why I am not buying more and not closing all my shorts. Don't want to get margin called just to see it going up day after. Better safe than sorry. But I feel much better than before that wall when I thought something bad is going behind the scene and we might have some shit times in front of us.

[abercrombie]

[prophetx]

Exactly.

Remove your buy orders. Let it slip down as resistance right now is pointless.

If someone ever witnessed the situation of the BTC-E alts(LTC/NMC/PPC) last year before the runup. This is a 1:1 copy of it.
Ask seleme. I still remember that 5000BTC LTC wall @ 2$ , one week later it shoot up to 45. Push it down as hard as you can, shake everyone out, buy as much as possbile, remove asks (buy a bit into your own after accumulation to enleash bullish sentiment; Lots of USD on the orderbook, most coins are gone.  --> Rocket
I would be highls impressed it this isn´t what we are seeing here. Also someone with 30k coins would probably prefer to sell OTC .
I´m not saying a hard bull-run is coming in, but this here (guy@300) happens definitely to create panic and push the price down to buy below it.
It could even go on for 1-2 weeks, and the price might fall to 200$, but this is not about someone leaving the game.

yea but... that sort of had to do with another organization dumping all their fiat into LTC.  i won't name the name but it was significant and what the start of that rally.

[Richard Branson]

thank you bitcoin now my kids get no gifts for christmas

sorry  kids

Don't blame bitcoin.
Blame yourself... don't gamble with money which could be used for other things like presents, food or rent.

[noobtrader]

BTC drop exactly coincides with USD jump up. Hmmmm. Conspiracy?

 

obvious

[JayJuanGee]

So i just tried 247exchange.com.

It worked smooth and easy. It took me me 5 min for registration and paying (i used sofortbanking). I recevied my BTC about 15 min. later on my wallet adress.
Max. amount that i could buy was 25 BTC. Buying LTC and DOGE isn´t  possible right now, but is about to get implemented.
24/7 online support acted promptly after i complained because i didn´t receive my BTC after 5 min.  

If that's really true, then that is amazing to be able to buy quickly 25 BTC at a time... Wow!!!  Is that 25 BTC a daily or a weekly limit? or some other kind of limit?

Get 100, 1,000 or more people buying their limits, and that can have a decent impact.

[Kontridder]

https://www.youtube.com/watch?v=DNLob2E_Q5s