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

[My User ID is 553628]

Not volatile in these days, you know it guys, dump is coming.

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[TReano]

Multiple winning bidders of USMS aution all win with bids considerably under spot. Each one wondering if the other is going to dump. What would you do? Dump first and lock in profits or roll the dice?

I think rich people don't care about making fast, certain money. They just like to hodl and help bitcoin.

I think making fast big money is the only thing rich people care... They don't care about long term if they can sack the profits now.

[MatTheCat]

There goes Bear Whale on Stamp....

All the other exchanges are wanting to head up...but nope....

Edit: And I bet that BTC will not breach the recent $360 bottom, and I bet it will rise back up, but not breach the $388.

Market being held in stasis, quite intetionally, it seems.

I'm not one for manipulation, but there have definitely been questionable trades that make me wonder.

Such as the dump you are referencing...

Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.

[marcus_of_augustus]

BillyJoeAllen are you taking payments from any other people, organisations or entities to shill/push various positions, opinions on these boards?

[natewelt]

There goes Bear Whale on Stamp....

All the other exchanges are wanting to head up...but nope....

Edit: And I bet that BTC will not breach the recent $360 bottom, and I bet it will rise back up, but not breach the $388.

Market being held in stasis, quite intetionally, it seems.

I'm not one for manipulation, but there have definitely been questionable trades that make me wonder.

Such as the dump you are referencing...

Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.

Trust me I understand. I'm just not one of those people out there blaming every little move on manipulation and making excuses if I mess up.

I believe in the long-run the market is more powerful than the manipulation. Sure, you could point out manipulation even in AAPL stock so bitcoin would be cake to manipulate based on it's small size.

[JayJuanGee]

Multiple winning bidders of USMS aution all win with bids considerably under spot.

And where's the evidence of how much they paid?

I'm assuming. Consider it a hypothetical question.

Assuming is a bunch of bullshit when you have no facts or logic to support such an assertion and does not make any sense, unless your purpose is merely to spread FUD in the bitcoin spheres.

[conspirosphere.tk]

Multiple winning bidders of USMS aution all win with bids considerably under spot. Each one wondering if the other is going to dump. What would you do? Dump first and lock in profits or roll the dice?

if true I would dump first and ask questions later.

[natewelt]

That 2 minute $10 dump really screwed up the chart. A breakout seemed imminent, but now I feel like we are the edge of a cliff.

May prompt me to buy some more even though I told myself I wouldn't.

[JayJuanGee]

There goes Bear Whale on Stamp....

All the other exchanges are wanting to head up...but nope....

Edit: And I bet that BTC will not breach the recent $360 bottom, and I bet it will rise back up, but not breach the $388.

Market being held in stasis, quite intetionally, it seems.

I'm not one for manipulation, but there have definitely been questionable trades that make me wonder.

Such as the dump you are referencing...

Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.

It would not be in Stamp's interest to allow it's reputation to become tarnished if it were somehow allowing either fractional reserves or some other kind of manipulative conduct to occur on its exchange.

One of the only legitimate manipulations that I could imagine would be if Stamp were to allow a few big player clients to trade with very low or even non-existent fees (fees lower than their publicized high volume low levels), while other (regular people) traders are subjected to regular scheduled fees (between .1% and .25%). 

I understand that it is already in its business model to allow the lowest of fees to high volume traders, but surely there could be some benefits to Stamp to allow some non-publicized extra perks to some traders who are going to generate a lot of volume.... or just that there are a few "insiders" that receive preferrential treatment due to a relationship with the exchange owner/manager.

[Cconvert2G36]

"And tank it up to here, lol"
[polarbear.jpg]

[MatTheCat]

That 2 minute $10 dump really screwed up the chart. A breakout seemed imminent, but now I feel like we are the edge of a cliff.

May prompt me to buy some more even though I told myself I wouldn't.

Stamp Bear Whale is playing everyone like a fiddle. 1 Day MACD, 1 Day KDJ, all threatening to cross over into SELL territory.

I bet Bitcoin does the exact opposite, of what the charts are telling everyone it is away to do.

[JayJuanGee]

BillyJoeAllen are you taking payments from any other people, organisations or entities to shill/push various positions, opinions on these boards?

hahahahaha

Would he admit it if it were true?   

[BlindMayorBitcorn]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

[MatTheCat]

It would not be in Stamp's interest to allow it's reputation to become tarnished if it were somehow allowing either fractional reserves or some other kind of manipulative conduct to occur on its exchange.

One of the only legitimate manipulations that I could imagine would be if Stamp were to allow a few big player clients to trade with very low or even non-existent fees (fees lower than their publicized high volume low levels), while other (regular people) traders are subjected to regular scheduled fees (between .1% and .25%). 

I understand that it is already in its business model to allow the lowest of fees to high volume traders, but surely there could be some benefits to Stamp to allow some non-publicized extra perks to some traders who are going to generate a lot of volume.... or just that there are a few "insiders" that receive preferrential treatment due to a relationship with the exchange owner/manager.

Look at what is going on right on Stamp though.

'An Epic battle of the Bulls n the Bears' right in between that $370 - $380 zone. Huge volume right in there as the price yo-yos around in this narrow margin, as the other exchanges wait with 'baited breath', post sell off. This isn't real trading. This is Stamps resident whale. Of course he gets next to negligible trade fees, otherwise this sort of game would be prohibitive, and of course he gets to look down the orderbook, otherwise he might get burned. Nothing is going to come out. Who is going to tell?

I mean Bitfinex are blatantly fucking dodgy, yet who can prove anything? (Bitstamp will never be as dodgy as these mofos)

[Cconvert2G36]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

Itbit's OTC desk got a consortium together for 5 blocks as well, min 10k coins.

[marcus_of_augustus]

BillyJoeAllen are you taking payments from any other people, organisations or entities to shill/push various positions, opinions on these boards?

hahahahaha

Would he admit it if it were true?   

I want to see him deny it ... and then watch what happens

[ChartBuddy]

Coin

Explanation

[MatTheCat]

...
Considering that Bitcoin exchanges are all unregulated, and considering market manipulation is one sure fire way of making the market doing what you want it do, which also happens to mean mega profits for the market maker, I would say that it was extremely naive to believe anything other than these markets are severely manipulated.

And, knowing that, you still chose to trade BTC, and even rely on TA to rationalize your trades

Yep, technicals moulded into being by the market makers.

[brg444]

About the winners:

Among the companies at the forefront of this move is DRW Holdings LLC, a high-frequency trading firm in Chicago founded by former options-pit trader Donald Wilson in 1992. DRW is a founding investor in a new bitcoin financial-services firm called Digital Asset Holdings that launched last month. Cumberland Mining & Materials LLC, a DRW subsidiary, has “begun to experiment with cryptocurrency trading,” DRW said.

That is very interesting. That's Blythe Master's box.

If I'm not mistaken this is their second purchase amounting to well over five digits in bitcoins.

Blythe has been buying ladies and gentlemen?

Have you?

[JayJuanGee]

It would not be in Stamp's interest to allow it's reputation to become tarnished if it were somehow allowing either fractional reserves or some other kind of manipulative conduct to occur on its exchange.

One of the only legitimate manipulations that I could imagine would be if Stamp were to allow a few big player clients to trade with very low or even non-existent fees (fees lower than their publicized high volume low levels), while other (regular people) traders are subjected to regular scheduled fees (between .1% and .25%). 

I understand that it is already in its business model to allow the lowest of fees to high volume traders, but surely there could be some benefits to Stamp to allow some non-publicized extra perks to some traders who are going to generate a lot of volume.... or just that there are a few "insiders" that receive preferrential treatment due to a relationship with the exchange owner/manager.

Look at what is going on right on Stamp though.

'An Epic battle of the Bulls n the Bears' right in between that $370 - $380 zone. Huge volume right in there as the price yo-yos around in this narrow margin, as the other exchanges wait with 'baited breath', post sell off. This isn't real trading. This is Stamps resident whale. Of course he gets next to negligible trade fees, otherwise this sort of game would be prohibitive, and of course he gets to look down the orderbook, otherwise he might get burned. Nothing is going to come out. Who is going to tell?

I mean Bitfinex are blatantly fucking dodgy, yet who can prove anything? (Bitstamp will never be as dodgy as these mofos)

I can't really disagree with you, but I have some difficulties with the theory of one whale or a very small number of whales and this concept of insider job and even that the exchange is allowing such by choosing to close their eyes to such. 

I do understand that currently Bitstamp is probably the most "credible" of the exchanges in terms of being a price leader with volume and no real solid evidence of manipulation and/or fractional reserves, so it would pay for any whale to understand that s/he has amongst the best of chances to control the market by having a VERY LARGE presence on bitstamp.  I understand that some Bitstamp account holders have asserted that their fiat deposits are sometimes delayed, and surely an insider whale would be extremely advantaged to know the amount of fiat holdings of various accounts and having information concerning the status of their fiat deposits.  But overall that does seem a bit too conspiratorial for my current thinking.