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

[3x2]

Bitcoin price getting higher, probably reach 240 tonight

Thats usual stuff 

[1715095226]

1715095226

[oda.krell]

I think that market maker is counting on people following bitstamp as the most reliable and indicative exchange in terms of price. Remember, there is no margin trading on bitstamp and exchange operators are not cooking and manipulating the order books. They applied for bitlicense.

So all the trading the bot is doing back and forth at its own expense is to make other people feel like there is some real demand coming from the real world. I think they are luring more people into buying while the market makers are unloading their highly leveraged bags on other exchanges.

I like that. So, profit neutral bot trading locally, for nonlocal profits.

One problem I can see with this: Creating the impression of buying while unloading yourself, by my impression, is the less common strategy in this market. Much more likely, imo, to see a good old pump (and then, dump, for profit), i.e. start the pump on some good news, paint the book and place some strategic buys, then, when the enthusiasm runs dry, dump before other traders do. Which doesn't fit here (unloading while the trend is still intact)

I guess the strategy here could be the case of a whale who bought massively at the sub-200 bottom, but doesn't plan to hold on to it, unloading slowly now. That what you have in mind, roughly?

Remember, the bot is not buying, just creating an impression of a sudden rise of volume in a place that matters. 98 coins bought and after a minute or two sold even for a 1~2 $ loss. I guess someone used bitstamp's 0 fee promotion in september to pump up the volume for his accounts and get the lowest possible fees this month for that kind of operation.

I for one bought massively at sub 180 at bitfinex. I moved those hefty profits to bitstamp asap. So I wouldn't call that exactly unloading, but distribution. Another round is coming soon.

Not saying I'm 100% agreeing to the hypothesis, but it's definitely one of the more plausible explanations I've seen (or thought of myself) so far. Thanks!

[Paashaas]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

[Patel]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

the debate is already priced in

[hdbuck]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

the debate is already priced in

sure, but not the outcome yet ^^

[Fatman3001]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

the debate is already priced in

sure, but not the outcome yet ^^

XT loses, Gavin wins. Core won't give miners all the power. There. Run that through your calc.

[ChartBuddy]

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Explanation

[hdbuck]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

the debate is already priced in

sure, but not the outcome yet ^^

XT loses, Gavin wins. Core won't give miners all the power. There. Run that through your calc.

gavin wins? lol wut?

if anything he won the right to stfu!

[nioc]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

the debate is already priced in

sure, but not the outcome yet ^^

XT loses, Gavin wins. Core won't give miners all the power. There. Run that through your calc.

I searched the 5 corners of the interw** and was able to obtain some @ $229.5 including fees an hour ago. 

[HostFat]

BitMEX Launches 50x Leveraged Daily Bitcoin Futures
https://blog.bitmex.com/bitmex-launches-50x-leveraged-daily-bitcoin-futures/

[Fatman3001]

The block-size issue is still not fixed, it can go up like now but it will go down hard when media paying attention again to that debat.

If you plan to buy more coins just wait untill that block-size issue starts again.

When it's all over...than the real uprise will start.

the debate is already priced in

sure, but not the outcome yet ^^

XT loses, Gavin wins. Core won't give miners all the power. There. Run that through your calc.

gavin wins? lol wut?

if anything he won the right to stfu!

[hdbuck]

wanna talk about illusions?

how about Bitpay's business model? http://trilema.com/2015/time-to-rehash-that-old-strategic-superiority-discussion/#selection-55.0-67.331

In an effort to provide better service to our expanding user base, BitPay will be adjusting our pricing plans October 1, 2015. Due to your volume and settlement preferences, we do not believe your account will be drastically affected, but we wanted to make you aware of the changes to our Free Plan.

On October 1st, all Free Plan accounts will be migrated to the Starter Plan, which offers free, instant conversion for 30 transactions per month. If you process more than 30 transactions, a 1% settlement fee will be applied to the additional transactions. The Starter Plan offers weekly settlements in USD and EUR, and daily settlements in BTC. Your processing Tier will not be affected.

The new Business Plan applies a 1% settlement fee and comes with unlimited processing, daily settlements for all supported currencies and additional features, such as Multi-User Organization and access to Premium Integrations. The new fee structure is designed to simplify bookkeeping and enable us to build more features and tools for Business accounts without changing how we price each plan.

The addition of new services for Business and Enterprise plans is part of our continued effort to build the world’s smartest and fastest payment network. Your participation in this ecosystem is a critical part of that vision. We truly value your business and hope that you continue to use BitPay for your bitcoin payment solutions.

poor bitpay and its VC armada
But hey, rejoy, now, as a merchant, you pay for more than 30 transactions per month! so much for frappucinos!

[Norway]

Gavin has already won by putting real preassure on the issue. So many people/groups are working to scale bitcoin now.
And if Wladimir try to stop this evolution, he will simply lose his position by a fork early next year.

[ChartBuddy]

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[kodtycoon]

this looks interesting.

http://mijin.io/en/about-mijin

http://allcoinsnews.com/2015/09/25/japans-tech-bureau-builds-low-cost-permissioned-blockchains-with-nem-project/

[ChartBuddy]

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[Norway]

@Norway

I know I am not a good arbiter of taste, but that picture is quite jarring.

I made it a little smaller to reduce the graphic impact 

[ChartBuddy]

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[Fatman3001]

I made it a little smaller to reduce the graphic impact 

thx

[ChartBuddy]

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