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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26388738 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
underground_
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May 04, 2013, 03:19:55 PM
 #4121

50k btc have been purchased in the last few hours since we passed $100. 12k in bids down to $100. Musical chairs, anyone?
wachtwoord
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May 04, 2013, 03:20:30 PM
 #4122

Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.

That's completely irrelevant.

That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit.

Not sure if I understand good what you are trying to say, it happens sometimes as English is not my native language.

Goat will be pretty good if he just holds on loads of coins he mined, I strongly believe Bitcoin will be worth more in the future. If he doesn't sell anything or just small parts of it to support his lifestyle he'll still be fine. as he got his coins very cheap. His collection will be worth more or less during time but if he is happy with size of his collection and doesn't want to trade he'll be fine in long period.



I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant.

Ah, well that's a serious bullshit Wink

It is absolutely no irrelevant, we are still living in fiat world and invest fiat to get BTC, so if one had invested 250 000$ to buy 1000 coins at April 9th, he is in no way same situation as one who invested 5000$ to buy them sometime in 2011/12.

Actually, more I think about what I've just read more I think you are really not aware how stupid is that what you just wrote..

Meh, whatever..

I seriously advise you to think about it some more. This is a twist in most peoples thinking process which is really unprofitable to have (so fix it!). It is completely irrelevant. BTW if it makes it easier for you the same would be true for holding some shares of KO (Coca Cola) for instance. At the moment you have the shares you can make an investment decision (hold or sell). How the shares came in your possession should not hold any value in that decision (it is irrelevant i the rational decision making process).
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May 04, 2013, 03:24:02 PM
 #4123

wachtwoord, I'll give that a rest, I see no point to discuss it anymore.

Btw, this situation, kinda remains on 90s$ one from yesterday, someone is definitely trying to push the price up with those walls. Someone bought a lot cheap Smiley
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May 04, 2013, 03:25:44 PM
 #4124

Ask sum creeping up again

Richy_T
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May 04, 2013, 03:29:16 PM
 #4125

What I don't understand is why we put ANY belief in the graphs.  First rule of investing is that past performance is NOT indicative of future performance (good or bad).

Bitcoin is not on a performance curve but an adoption curve (at least that's my belief).

When it reaches near saturation, it will about flatline at whatever price with minor fluctuations and probably a slowish upward climb due to fiat inflation and bitcoin deflation.
WikileaksDude
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May 04, 2013, 03:42:44 PM
 #4126

Will leave here the 30min docu on btc

http://cctv.cntv.cn/lm/jingjibanxiaoshi/

Jaques
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May 04, 2013, 03:43:44 PM
 #4127

Will leave here the 30min docu on btc

http://cctv.cntv.cn/lm/jingjibanxiaoshi/



oh, thanks lot, very informative ...
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May 04, 2013, 03:46:24 PM
 #4128

Fun to watch a manipulation wall get destroyed.  Grin
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May 04, 2013, 03:47:52 PM
 #4129

There are some stubborn bulls out there. The market has absorbed a crazy amount of coins the last 5 days. Once this is finally over going to be an epic rally.
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May 04, 2013, 03:49:08 PM
 #4130

Seems like we are already back to reality. 107 and falling  Huh

See that 3k ask wall at $111? That's to make sure it doesn't bounce back. That's from a person(s) who have spent a lot of coins pushing the price down and they haven't bought back in yet. So they're not going to let the price rally until they do buy back in. From my rough calculations, they need to price to at least get to $65. They've sold a ton of coins sub $100 and if they turn around and just start buying right now it's unlikely they'd break even at best.

When you stop seeing that obvious consolidation after dumps, and of course stop seeing coin dumps into every rally, then you know we're headed back up. Until then, it's just mini rallies that will be dealt with swiftly, punishment turns out to be like 5k coins dumped all once.  Wink

I doubt your statement is true.
michaelGedi
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May 04, 2013, 03:49:34 PM
 #4131

1719.38   a few seconds ago   111.30


wow wow wow


bam
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May 04, 2013, 03:49:46 PM
 #4132

Fun to watch a manipulation wall get destroyed.  Grin

it's removed, not destroyed
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May 04, 2013, 03:50:42 PM
 #4133

3000 btc ask wall @ ~111 partially eaten, then pulled I think. Gone now, anyway Smiley
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May 04, 2013, 03:50:58 PM
 #4134

Fun to watch a manipulation wall get destroyed.  Grin

it's removed, not destroyed

No it was eaten at 111.30. 200btc remained out of the original wall.
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May 04, 2013, 03:52:13 PM
 #4135

Fun to watch a manipulation wall get destroyed.  Grin

it's removed, not destroyed

No it was eaten at 111.30. 200btc remained out of the original wall.

I've seen only few coins eaten from it on moody and bitcoinity unless I missed something.
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May 04, 2013, 03:55:41 PM
 #4136

Fun to watch a manipulation wall get destroyed.  Grin

it's removed, not destroyed

No it was eaten at 111.30. 200btc remained out of the original wall.

I've seen only few coins eaten from it on moody and bitcoinity unless I missed something.
Must have just missed it.  Smiley
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May 04, 2013, 04:00:11 PM
 #4137

Fun to watch a manipulation wall get destroyed.  Grin

it's removed, not destroyed

No it was eaten at 111.30. 200btc remained out of the original wall.

I've seen only few coins eaten from it on moody and bitcoinity unless I missed something.
Must have just missed it.  Smiley

Might be, I'm watching some football, didn't have eyes on it.
rpietila
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May 04, 2013, 04:02:15 PM
 #4138

I think the walls permit bitcoin to rise to $119 in a bold move. Afterwards I go to sleep and not post, and the general bullishness erodes, and the bears push the price back to $106. We will not see 100 ever again.

Damn, I was almost there!  Angry If rontus had been working (fortunately he only works about 50 hours of 168 per week, and generally not on Saturdays, and even of his working time, I only give him authority to sell short about 30% of the time, so this is purely of theoretical interest now) he would certainly have smelled the trend change and managed to sell about BTC430 at an average price of $113.2. Then I would have told him to buy back at $103 (he is better in selling but my buyback levels are more spot on).

The 42,500mBTC profit would have enabled our lifestyle for several days...

Well, from your "category list" it seems we are all supernodes... Cool!

Indeed we are. There are only so many bitcoins in the world, and a lowest class supernode is not a U.S. Administration of 100,000 skilled professionals, but an ordinary bloke who bought in any time before March 2013, and has some spare time, and knowledge of English, maths and history. Of course when we go up the ladder, there will be many rpietilas, and in the higher level Goat, MP and Winklewii.

Read the "supernode OP" for more info and comment where appropriate!

Quote
Anyhow, as I said earlier everything look very fishy - I see two options: a) you are delusional and not-very-smart folk who made some money in the wild Bitcoin ride we had lately (not so difficult, we went x10 in just a few months) and now you are riding your very own ego trip, or b) you are preparing a big scam flooding the community with your "i am so wealthy" thing

Why is it so offensive that I live in a classy hotel? The highest burn rate of $200k per month was last week, now I spend at about $50k per month. If I go home and eat noodles, my expenses still run at about $20-30k minimum, since I have staff. Most of the businessmen do, in the real world. Generally their expenses are much higher than mine. I am actually very stingy, compared to most of my friends.

If you think this is excessive for what I manage to accomplish, how about complaining about how your very own tax money is spent in Afghanistan with far less positive effect? I would say the difference is about 4 orders of magnitude, in other words 10,000 times more money totally wasted!

With a rather conservative price prediction for the following 3 months, I estimate a 100% per month increase, which would mean that per every BTC100, you make about $10k first month. A 3rd class supernode can quit eating noodles and start to live. A 2nd class supernode of BTC1,000 can do what I do, and I just await that the real big guys start to benefit the mankind with their stashes.

This is the reason I spend - to show that even a medium BTC-holder can do this! No reason to hate, rather you live up to your own standard, and I live up to mine. If you have at least BTC1,000 as I assume every 2012 or before has (unless he proves otherwise), you can do the same as I do, with ease. Why should I do all the work?? Every city needs at least one supernode, and I am here to help these becoming reality. It is one of the workshops in the summit.

Besides there is no "flooding of community". I post my theoretical observations to my own thread. Then I post my price predictions here, and every time I do, some April 14th troll speaks negatively of me. Then I correct the misunderstanding. In no way I am here to cause disturbance - the instant the OP wants me to go, I go - but we all know that actually a 3-month quarantine for all newbies is the real answer to the problem, pointing me is easy but not too smart.

Quote
BTW: what about an escrowed bet, so you can put your money where your mouth is? Willing to bet that we will be at $300k/BTC by the end of the year, as you predicted? I'm sure al lot of users in these forums would be willing to join this bet. It's a nice way of hedging - if we win you give us your money, if you win we are all rich anyway, you included, so why not? Cheesy

How about the following:
- You escrow 100 bitcoins for my 1
- You write a 2013 $100,000 call option to your bitcoins, so that I can buy them from you anytime, by just sending you $10 million U.S. Dollars
- If I do not redeem your bitcoins before 31. December 2013, you get my 1 bitcoin as I lose the bet

This way everybody profits. Even if you lose, you get $10 million, and the rest of your bitcoins are worth even more. If I lose, I only lose 1 bitcoin, and I still have a lot (and they were not that valuable anyway..Sad )

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Wouldn't you mind betting repietila?

My middle initial is A.
fitty
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May 04, 2013, 04:03:14 PM
 #4139

Fun to watch a manipulation wall get destroyed.  Grin

it's removed, not destroyed

No it was eaten at 111.30. 200btc remained out of the original wall.

I've seen only few coins eaten from it on moody and bitcoinity unless I missed something.

It was mostly eaten. The

1719.38   a few seconds ago   111.30

was accurate. There's some bulls who just aren't in the mood for someone to mess with the market. If you're trying to push the market down you have to be wondering what you have to do to keep it down. Crash to 71, and it's suddenly a great time to buy. A lot of the weak hands really have gone to more stable investors. There's just so little panic in this market. People taking 30% drops in stride and using it to buy back in. Pretty crazy.
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May 04, 2013, 04:05:32 PM
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 #4140

@Chartbuddy - I really like your charts. One question though, could you present opposing sides so we can get a better view of the bid side as it happened as well?  Basically show the current view and a 90 degree rotated one.

Well, I see your point but I also don't want to spam the board with large charts. I'll play with things a little when I get the chance.
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