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

[KryptoFoo]

incoming

[Sitarow]

You should read over my posts more.

I have, but unless you have insider info about this it's nothing more than making up a story without facts to back it up.

The reason I ask is that I know a bunch of guys who are bullish ltc/btc. It's not part of a conspiracy to pump the price, it's simply that 4 critical SMAs are about to cross, similar to before last November's bull market. Nothing more.

I do not have insider information apart what has been leaked Publicly if you have been trading since the 24th.

Please understand that the ltc/btc is real and has happened this weekend and escalated on sunday.

Also realize that you are posting in the speculation wall thread.  We share our observations here.

Therr is also a post made yesturday night that had BTCe chart price targets up untill sunday. Does that make it real? time will tell. It may become a self fullfillingproficiency.

http://www.matlabtrading.net/main/2014/08/14/bitfinex-margin-call-cascade-algorithm-explained/

 

Bitfinex is running an algorithm to handle the margin calls. The algorithm starts selling but limits itself to a 10% drop in prices within 1 minute. If prices drop more than 10% in 1 minute it will stop selling and wait for buy orders to come in. Once there are again a certain amount of buy orders in the orderbook the algorithm starts selling again until all margin calls are met.
Edit: LeMogawai was the first to point this out in this post and it matches my personal observation at the time of the event.

This seems to be an interesting way to deal with cascading margin calls but can also be considered as borderline market manipulation from the exchange side. By spreading out the sell orders over time the downwards momentum is reduced, however traders end up trading against the exchange itself and not the market anymore. The exchange has an informational advantage at that point and is therefore more likely to profit than the traders. Fortunately, this only lasted for about 10 minutes after which control was given back to the market.

Edit:

[drbrock]

LONDON — A Tel Aviv analyst working for a Singapore-based cyber intelligence company says he has uncovered concrete evidence that a terror cell, purporting to be related to Islamic State and operating in the Americas, is soliciting for Bitcoins as part of its fundraising efforts.


http://www.haaretz.com/news/middle-east/.premium-1.639542?utm_source=Facebook&utm_campaign=Echobox&utm_medium=Social

Yeah because I trust the Israhelli's and AlCIAduh to tell me the news. ISIS IS US, anyone who does not realise this needs to read a f£$%^&% book

I know its hard being brainwashed but there is a way to break out ya know

 

+1 Nothing against Jews (just Zionist), I mean I dont like them equally on par with other crazy delusional people you know like say Christians, Muslims, Hindus, Sikhs etc etc etc... its 2015 already come on!!!

[damiano]

Price getting higher than I expectd

Bears gone ?

[KryptoFoo]

Price getting higher than I expectd

Bears gone ?

The chinese panic dump game was getting too easy. Market decided to slap them around a bit. Maybe we can see a bit of chinese panic pump soon.

[damiano]

Price getting higher than I expectd

Bears gone ?

The chinese panic dump game was getting too easy. Market decided to slap them around a bit. Maybe we can see a bit of chinese panic pump soon.

Unless they are manipulating again to make it appear that way

[podyx]

This could turn violently bullish if we were to go down to 200-210 tomorrow or saturday

Declining volume on the downtrend

[entertainment]

Funny to see everybody speaking about chinese dump when they are actually sleepy... Good luck with your bullish theories.

We will see 166$ very soon.

[Sitarow]

Price getting higher than I expectd

Bears gone ?

The chinese panic dump game was getting too easy. Market decided to slap them around a bit. Maybe we can see a bit of chinese panic pump soon.

Unless they are manipulating again to make it appear that way

[drbrock]

You're completely delusional.

P.S... I love how you are calling other people delusional when you are such a huge supporter of psychedelics

I never touched drugs. Drugs is for losers.

screw you guy, drugs are a daily part of my life... and I love my life.

btw you ever drink alcohol? take paracetamol? enjoy cup of tea? what am idiot lol

[KryptoFoo]

Price getting higher than I expectd

Bears gone ?

The chinese panic dump game was getting too easy. Market decided to slap them around a bit. Maybe we can see a bit of chinese panic pump soon.

Unless they are manipulating again to make it appear that way

I think they got too distracting thinking about how to spend their profits

[ChartBuddy]

Coin
Explanation

[mymenace]

You're completely delusional.

P.S... I love how you are calling other people delusional when you are such a huge supporter of psychedelics

I never touched drugs. Drugs is for losers.

screw you guy, drugs are a daily part of my life... and I love my life.

btw you ever drink alcohol? take paracetamol? enjoy cup of tea? what am idiot lol

why is drugs for losers when a lot of successful people are known to indulge or are addicted to drugs

http://www.news24.com/MyNews24/22-Lies-myths-misconceptions-about-drugs-20130628

20% of american soldiers in Vietnam indulged in heroin, yet when they came back from the war only a minority continued to use

the majority of patients at hospitals given the legal alternative to morphine, opium etc when released from hospital never use illicit drugs

[SmoothCurves]

"btc-e is tracing an expanding diagonal pattern. market should accelerate to 400+. im not sure what the catalyst will be. we shall see"

https://www.tradingview.com/v/DnVzWZVy/

[Sitarow]

Notice how LTC USD price on BTCe is holding but yhe LTC/BTC is going up? As btc/usd is being tested. If you pay attention to the volume It becomes apparent





This is a simple observation and I hope the effect will enable critical thinking rather then giving way to irrationality by a few manipulators colluding together.

[drbrock]

Did you mean "fictional reserves"?

If you don't hold the keys then yes, fictional, fractional, make-believe, whatever, they're not coins, they're just numbers. All these coins dumped in the last few days with no significant sign on days destroyed or transaction volume... some of them are nothing more than numbers and folks will only know which when (not if, when) there's another Goxing. Move to exchanges that operate transparently if you don't want it to be you getting Goxed.

Hey so I was wondering which are transparent exchanges? Also Im from UK which seems sooo much harder to access btc. Any of these transparent exchanges based in the UK or offer faster payments for UK banks?

No one in the UK seems to be able to keep a bank account. There is Coinfloor but they're with a Polish bank so you may as well use Bitstamp or Kraken.

There are a lot of other options to buy and sell but they're not exchanges and they have sometimes ludicrous premiums. Have a look at bittybot.co.uk

yeah thanks man, I use bittylicous for general buying to hold (which is usually about 5/10/20 pounds higher than exchanges depending on time of the day) but was wondering if there was a UK based easy to use exchange where I can get into some short-term trading. Thanx for the reply yo

[Arpeggio]

200 by Sunday morning EST.

[sethminer14]

200 by Sunday morning EST.

How about you give some analysis and why and don't just spout some random guesses.

[drbrock]

Did you mean "fictional reserves"?

If you don't hold the keys then yes, fictional, fractional, make-believe, whatever, they're not coins, they're just numbers. All these coins dumped in the last few days with no significant sign on days destroyed or transaction volume... some of them are nothing more than numbers and folks will only know which when (not if, when) there's another Goxing. Move to exchanges that operate transparently if you don't want it to be you getting Goxed.

Hey so I was wondering which are transparent exchanges? Also Im from UK which seems sooo much harder to access btc. Any of these transparent exchanges based in the UK or offer faster payments for UK banks?

Not sure but will try to get a list together here:
https://bitcointalk.org/index.php?topic=940156

nice one

[dakota neat]

database coins + 'chinese panic' in love