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

[hd060053]

Lol, wtf is that 5k dump ??

[1715071710]

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[podyx]

If we are in fact entering a bull market soon, this could be a great buying opportunity.

[NotLambchop]

The wall, she held!

[Newbie1022]

Lol, I just wrote a post where I said that stamp would retest $360 but deleted it

I guess that was that...

Are we perhaps still not out of this bearmarket?

Ummm... holy shit.... thank God I hadn't closed my short from the other day, yet. Seems like I might be able to ride it further than I thought.

[own3d]

Lol, wtf is that 5k dump ??

Manipulation.


The auction is today. If i wanted to bid in this auction i'd dump a few K of coins to lower the price/trash the price percption. 

[hdbuck]

Lol, wtf is that 5k dump ??

ow neoo.. its the auction.

[NotLambchop]

[hdbuck]

whats your point lamby? dont like it when people disagree or simply ignores your trolling?

could you give me a proof regarding draper's allegedly winning an alleged previous auction?

[JorgeStolfi]

Well, Draper is bidding within a consortium this time, essentially, on the behalf of clients if I read correctly.

I understand it the other way around: he is bidding as a client of the Mirror syndicate, which is meant for small clients who cannot afford and/or do not wish to buy one full lot (2000 or 3000 BTC).

He may be also bidding for full lots on his own, though.

It should also be noted that nobody even knows what Draper bid the first time. He could have bid under the market price -- not wildly below, but somewhat below.

Well, as I wrote before, my guess is that he bid under market price, because:

* It doesn't make financial sense to bid at a price higher than one could get elsewhere, including OTC. Note that he was in no hurry to buy, so he could have shopped around at leisure; whereas auction forces people to bid and buy at a fixed date.

* If he had paid above market, he would have said so, to help the price.

[NotLambchop]

^Relax for now, hdbuck.  Save your strength, dig a shelter, stock up on potable water.

[podyx]

Well, Draper is bidding within a consortium this time, essentially, on the behalf of clients if I read correctly.

I understand it the other way around: he is bidding as a client of the Mirror syndicate, which is meant for small clients who cannot afford and/or do not wish to buy one full lot (2000 or 3000 BTC).

He may be also bidding for full lots on his own, though.

It should also be noted that nobody even knows what Draper bid the first time. He could have bid under the market price -- not wildly below, but somewhat below.

Well, as I wrote before, my guess is that he bid under market price, because:

* It doesn't make financial sense to bid at a price higher than one could get elsewhere, including OTC. Note that he was in no hurry to buy, so he could have shopped around at leisure; whereas auction forces people to bid and buy at a fixed date.

* If he had paid above market, he would have said so, to help the price.

Well. as he obviously is looking to accumulate more, wouldn't he, with this logic, also say that he bid under the market to depreciate the price and thus get cheaper coins? Doesn't make too much sense to me. pretty sure he just likes to keep it private

[hdbuck]

meh, you are helpless. unable to even respond on the subject, always diverging to some stupid ad hominem attacks, making you feel smarter when the only fucked up mind is see here i you. trolling nonstop on a forum. get a life.
anyway, you wanted it now you have it: IGNORE.

[NotLambchop]

So tell me again how this auction is going to bolster prices

[marvinrouge]

Big dump 1min before closing of the 4H candle = obvious manipulation

[NotLambchop]

meh, you are helpless. unable to even respond on the subject, always diverging to some stupid ad hominem attacks, making you feel smarter when the only fucked up mind is see here i you. trolling nonstop on a forum. get a life.
anyway, you wanted it now you have it: IGNORE.

No more time for debate.  Too late for idle chatter.
Those who still have ears to hear, hear this!

[FUR11]

Yeah that dump was insane! Mezmerized that this thread wasn't glowing already minutes after it happened. Well, I really don't know what to make of the auction, to be honest... It may be a very good opportunity for Draper to lower his average price per Bitcoin, sure. But I also bet he's kinda bummed having payed that much more back in Summer (probably).

[Fatman3001]

meh, you are helpless. unable to even respond on the subject, always diverging to some stupid ad hominem attacks, making you feel smarter when the only fucked up mind is see here i you. trolling nonstop on a forum. get a life.
anyway, you wanted it now you have it: IGNORE.

So you chose the red pill? Welcome to The Real World!

[Tzupy]

China dumps gaining momentum...

And Bistamp follows, how nice. I just had lunch, so I missed the moment of the 5k dump, but it still looks beautifully... bearish.

[podyx]

[Fatman3001]

Yeah that dump was insane! Mezmerized that this thread wasn't glowing already minutes after it happened. Well, I really don't know what to make of the auction, to be honest... It may be a very good opportunity for Draper to lower his average price per Bitcoin, sure. But I also bet he's kinda bummed having payed that much more back in Summer (probably).

I might be dumbing this a bit too much down for myself, but I am just happy somebody wants to buy a huge amount of coins around the current price, rather than short Bitcoin to oblivion. If this is Tim Draper, so be it. But I wouldn't mind if someone new came in heavy and wanted to protect their investments by slaying future bearwhales.