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

[notme]

Ye woke up and couldnt resist. This consolidation is taking too long and with all the massive bids, its looking too bullish.
If this is a bull trap, well played bears. Ill take my loss and go back in.

CHOO CHOO MF

Did you check the bids before or after I took 25% off of BTC China orderbook? (Yes, feels like a boss  )

"Look at the Chinese buying so many BTC".

Ahem.

LOL

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[Davyd05]

For some unknown reason I feel as if I could get cheap coins around 4am. to stay up and watch if the orders get filled or not? Actually have fiat now.. makes me extra ancy lol

Dam I just read that Germany endorsed BTC...not sure if they mean the government itself is accepting it as a currency but.. damn that sounds bullish as phuck....

Perhaps one coin at 605 doesn't hurt lol

[rpietila]

Ye woke up and couldnt resist. This consolidation is taking too long and with all the massive bids, its looking too bullish.
If this is a bull trap, well played bears. Ill take my loss and go back in.

CHOO CHOO MF

Did you check the bids before or after I took 25% off of BTC China orderbook? (Yes, feels like a boss  )

"Look at the Chinese buying so many BTC".

Ahem.

China is now about 65% higher than a week ago. If the ones there that actually have bitcoins, decide to take profits, it can and should fall to <3000. Some of the buying in the west in the last 24 hours has gone to keep the lid on China price and there are still arbitrage opportunities left.

It is important that China goes down in daily chart.

[TERA]

So are you saying with all these bids, someone could still crash the market? During the last correction, it was over once we met with these solid bidwalls. What do you think theres some of those guys from the old gox days waiting to dump 100k btc loads all at once?

Did the walls look like this in april before crashing to 50?

[Davyd05]

Ye woke up and couldnt resist. This consolidation is taking too long and with all the massive bids, its looking too bullish.
If this is a bull trap, well played bears. Ill take my loss and go back in.

CHOO CHOO MF

Did you check the bids before or after I took 25% off of BTC China orderbook? (Yes, feels like a boss  )

"Look at the Chinese buying so many BTC".

Ahem.

China is now about 65% higher than a week ago. If the ones there that actually have bitcoins, decide to take profits, it can and should fall to <3000. Some of the buying in the west in the last 24 hours has gone to keep the lid on China price and there are still arbitrage opportunities left.

It is important that China goes down in daily chart.

So I should wait till they finish lunch this afternoon, and then wait for the dump to follow

[BitPirate]

Ye woke up and couldnt resist. This consolidation is taking too long and with all the massive bids, its looking too bullish.
If this is a bull trap, well played bears. Ill take my loss and go back in.

CHOO CHOO MF

Did you check the bids before or after I took 25% off of BTC China orderbook? (Yes, feels like a boss  )

"Look at the Chinese buying so many BTC".

Ahem.

China is now about 65% higher than a week ago. If the ones there that actually have bitcoins, decide to take profits, it can and should fall to <3000. Some of the buying in the west in the last 24 hours has gone to keep the lid on China price and there are still arbitrage opportunities left.

It is important that China goes down in daily chart.

Agree. The writing's on the wall. Also the perspective from China now is the price is high and this is risky, but easy (albeit small) profits still exist to arbitrage with bitstamp. That's why so many buy orders are appearing there. I know lots of people (including myself) still waiting for wires to clear.


The trend will still follow gox, but prices will converge.

[BitPirate]

So are you saying with all these bids, someone could still crash the market? During the last correction, it was over once we met with these solid bidwalls. What do you think theres some of those guys from the old gox days waiting to dump 100k btc loads all at once?

Did the walls look like this in april before crashing to 50?

bids and asks are really irrelevant in these uncertain times. They are very fluid.

[TERA]

So are you saying with all these bids, someone could still crash the market? During the last correction, it was over once we met with these solid bidwalls. What do you think theres some of those guys from the old gox days waiting to dump 100k btc loads all at once?

Did the walls look like this in april before crashing to 50?

bids and asks are really irrelevant in these uncertain times. They are very fluid.

This month it seems to be this one way flow where the amount of bids increase every day exponentially. It is probably what the trendline is based off of.

[zoinky]

This is mighty impressive.

[BitPirate]

This is mighty impressive.

he said, looking down?

[lebing]

Could be the start of another US led bubble in the coming days.

[rpietila]

So are you saying with all these bids, someone could still crash the market? During the last correction, it was over once we met with these solid bidwalls. What do you think theres some of those guys from the old gox days waiting to dump 100k btc loads all at once?

Did the walls look like this in april before crashing to 50?

How many bitcoins do you have? You don't need to tell me. How much do you know about bitcoin, compared to the ones that have 10x less? Yes, you tend to have a very different knowledge and mindset than they do.

Now is the difficult part. How do the people think that have more bitcoins than you do, let's say 10x more? Don't they think differently than you? What are the implications?

I have a certain number of bitcoins and think a certain way. I extrapolate that the guys above me know even more and better than I do. If they have figured out that this is a good time to have a breather, they will execute their will. If I am wrong, I will eat my losses ($2 million in bank is a such a shame to have). Bitcoin is a managed currency.

--Of course the walls etc. have predictive value, but the difference is: you accept them, I erect them. The actual game is, whether (or: who of the) manipulators can increase their coincount, and how to keep the price appreciating such that it preserves bitcoin's long term potential to replace fiat.

[Miz4r]

If you think that 27M in bids on Gox and 13M on Bitstamp (both at ATH) is irrelevant well good luck to you trying to swim upstream.

[Davyd05]

I feel I should buy because I don't yet have what I want in btc holdings ( and yes I am going long with perhaps a lil playing of the Peaks and Valleys ) but I've waited half the time since my chance to grab a coin at 581cad + fees ..so I might as well wait out the next 1-2hrs till I think a bear may stirr due to calmer night waters over North America

[rpietila]

If you think that 27M in bids on Gox and 13M on Bitstamp (both at ATH) is irrelevant well good luck to you trying to swim upstream.

Read the post again, young man.

Upon waking up, I removed 25% of BTC China (world's biggest exchange) bid depth. The guys who have more bitcoins than I do, control the bid depth in Gox and Stamp. When they remove the bids and start rolling, the price moves down however much they like.

This is how it works. Read the post again, so you understand why I wrote it in a byzantine way.

[Miz4r]

If you think that 27M in bids on Gox and 13M on Bitstamp (both at ATH) is irrelevant well good luck to you trying to swim upstream.

Read the post again, young man.

Upon waking up, I removed 25% of BTC China (world's biggest exchange) bid depth. The guys who have more bitcoins than I do, control the bid depth in Gox and Stamp. When they remove the bids and start rolling, the price moves down however much they like.

This is how it works. Read the post again, so you understand why I wrote it in a byzantine way.

Well I think you're just having too much fiat on your hands and want to scoop up more coins at a cheaper price. There are many rich wannabe manipulators in this game but I doubt most are very successful at it.

[macsga]

If you think that 27M in bids on Gox and 13M on Bitstamp (both at ATH) is irrelevant well good luck to you trying to swim upstream.

Read the post again, young man.

Upon waking up, I removed 25% of BTC China (world's biggest exchange) bid depth. The guys who have more bitcoins than I do, control the bid depth in Gox and Stamp. When they remove the bids and start rolling, the price moves down however much they like.

This is how it works. Read the post again, so you understand why I wrote it in a byzantine way.

Well I think you're just having too much fiat on your hands and want to scoop up more coins at a cheaper price. There are many rich wannabe manipulators in this game but I doubt most are very successful at it.

Is it not what we all want?

[Davyd05]

Bit the bullet and bought at CaVirtEx after Gox shot up another 25

[DaSheep]

Upon waking up, I removed 25% of BTC China (world's biggest exchange) bid depth. The guys who have more bitcoins than I do, control the bid depth in Gox and Stamp. When they remove the bids and start rolling, the price moves down however much they like.

This is how it works.

Nice epeen, dude.

[rpietila]

Well I think you're just having too much fiat on your hands and want to scoop up more coins at a cheaper price. There are many rich wannabe manipulators in this game but I doubt most are very successful at it.

Actually all of this I can agree with.

Luckily, with bitcoin you never lose. I have set a distribution schedule that goes all the way to $5M/BTC (in purchasing power). All the time it goes up, I get more cash flow that can be diversified, while still having more value in bitcoins. If it goes down, I get to buy back at profit. No matter what happens it's good to be covered.