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

[dreamspark]

If the whole order book is hidden then there is no way at all to manipulate anybody just by using the order books. If you are able to see the entire books then there is the ability to manipulate people using the order books with fake orders that the owners have no intentions of being filled. Is this incorrect?

This is simply an extension of your previous flawed argument. Now sounds like "if a man is dead there is no way at all to manipulate him. If he is able to see the entire world then there is the ability to manipulate him". Doesn't make much sense to me.

Every exchange is a market. Imagine a market where every seller puts a tag with the price and the quantity they sell. Looks like a good market to me even if they buy and sell same stuff.

Now imagine a market where sellers hide all the tags with prices and quantities they sell and instead there is one general price for information only of the deal just done. When buyers try to buy something at the general price what they get back is fraudulent practices like requoting, slippage, and front running. Why? Because such a market is not transparent and easy to manipulate! The only winning party of such a market are the owners of the market place trying to "optimize" their profit through buying from sellers and selling to buyers on top of the transaction fees they charge buyers and sellers... No, thanks. I shall not give my business to such an exchange!

Still doesn't make much sense, front running and behind the scenes manipulation is an exchange problem that should be solved by regulation of the exchanges themselves.

This is about manipulation by the market participants. In your analogy its like all the buyers in the market putting a price and quantity they want to buy and when someone starts to sell to the buyers at that price (the price moving towards the fake manipulatative asks/bids) the buyer then saying oops no don't want to buy it at that price and pulling the bids (the walls) just before you get a chance to buy them. Thus faking a demand at a lower price causing other buyers to put bids infront of them at a price they may not have been willing to pay but only chose to do so as they thought there was a lot of demand for the product. Thats manipulating the actual demand in the market.

Just like now there are 16k in bids back to 238 on finex, now if all those bids were real it looks like there is a lot of demand for btc above those prices. Naive buyers then place bids higher than that as they want btc and see that there is a large demand for it. The majority of those bids are fake, the buyers have no intention of keeping those bids there if the price is moving towards it. How it this not manipulative practice?

It would make sense however if once you put a price on something you weren't able to change your mind at the last second (pull the maipulative fake walls)

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[ChartBuddy]

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[cyclotronmajesty]

[ChartBuddy]

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[Fatman3001]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

You must learn to embrace the sideways.



Time is short, enjoy it while you can.

Time is eternal

It depends on your position on proton decay.

[Brewins]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

because it's summer and nothing happens here at this time. Wait till the fall 

They said a similar thing in the summer. This is not an excuse.

Many thigns happened in the stock market this year

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Erdogan]

When iron ore prices goes down, and we hear about problems in china steel industry, we should think that the money from raw material producing countries would go down, not? So, just hours after entering some aussie shorts, a respected, well placed IDIOT in Autralia goes public with a statement that just now, he thinks that the aussie dollar was low enough, it shouldn't go further down. What did he mean, did he mean that Australia planned to stop money printing and debt issue to reduce the money volume? No, absolutely not, they can't do that. He just wanted to send the message to traders in the currency, and it had an immediate effect, the aussie dollar rose. I hate that.

That is why I like the fact that bitcoin does not respond immediately to what happens on the fx markets. (It seems to only respond violently to events in the bitcoin environment itself) It is better that the price rises slowly as an effect of more users and users holding more. Oganic growth. It is more sustainable.

[aztecminer]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

You must learn to embrace the sideways.



Time is short, enjoy it while you can.

lol.

[ChartBuddy]

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[ChartBuddy]

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[billyjoeallen]

What we are witnessing is the transition from a trader's market into a bull market.  It seems like everyone (including myself) are waiting for a dip to buy in or increase our holdings. Almost nobody is dumping, so we have to wait for the miners to sell enough to soak up the bids and grind the price lower. There seems to be a lot of resistance and a lot of support.

But every day we go sideways is one day closer to the halving. Every day new applications like Smart Contracts get closer to fruition. Every day, new use cases emerge and every day the fiat money printers print.

This griping about order books is amateurish.  I hide all my buy and sell orders as game theory dictates. Hidden orders are no more manipulative than visible orders that are fake.  Manipulators get burned just as often as they win and the net gain is zero. Big money can push the market around only for a time. Artificially low prices are a buying opportunity. Artificially high prices are a selling opportunity.  As always, position yourself so that time is your friend and not your enemy, then wait. You are almost sure to win if you don't get too greedy or get into too big a hurry.


Something just happened that nobody seemed to notice that is pretty big. Year over Year, Bitcoin is now outperforming crude oil. WTI has lost over 50% in the last twelve months and BTC has lost only 46%.  for the last quarter the bitcoin market is also, if you can believe this, less volatile.  What that means is that institutional investors now are starting to view crypto as a legitimate, respectable asset class.

[lemmyK]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

You must learn to embrace the sideways.



Time is short, enjoy it while you can.

lol.

[LFC_Bitcoin]

Something just happened that nobody seemed to notice that is pretty big. Year over Year, Bitcoin is now outperforming crude oil. WTI has lost over 50% in the last twelve months and BTC has lost only 46%. 

So we only lost half of our money over the past year?  Bullish!

Well the good news is you lost nothing NLC because you've never owned a single satoshi. Well done sir!

[chromosoma]

I though You can't mine bitcoins with CPU anymore, well i was wrong:
https://www.youtube.com/watch?v=kd8dvgErQ14

[ChartBuddy]

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[mavericklm]

I though You can't mine bitcoins with CPU anymore, well i was wrong:
https://www.youtube.com/watch?v=kd8dvgErQ14

lolz! i go buy few kilograms of cpu's 

so where are we going? where is the mooooon!? 

[ChartBuddy]

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