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

[windjc]

And the dragon is awaking already.

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[rpietila]

This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...

If I was the manipulator, I would lure all the suckers in now, and then drop the bomb with a market order.

The "price per coin sold" times "number of coins possible to sell" is now much higher than at the pop.

Main question - if bitcoin is short term worth this price, no problem. If not, somebody will notice and sell some

[Davyd05]

Its more than a bit arrogant to equate # of bitcoins with knowledge or intelligence in trading. It makes you sound small for suggesting it.

More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.

Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.

You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.

Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.

I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.

But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for.  I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."

It is not intelligence but the resources and tools available for trading:

With BTC10 trading capital you can pick opportunities that the elephants cannot. But the elephants can use their BTC1,000 trading capital to manipulate the bid/ask volumes, erect small walls and do dumps. As for the large holders (BTC100,000), the market is at their mercy when it is ripe for a correction, because they can do whatever they want. Only rule is that when they relinguish coins, the average price has to be higher than the buyback.

For this reason, based on the trend analysis, this was a good chance to go bearish. Even if I am wrong initially, sitting tight on this fiat position is all right because I know that bitcoins are a tad high atm, and only after 4 months they "should" be worth this much.

There may be collusion between some large owners, I don't know. But the same effect follows even if everybody just acts individually, trying to outsmart others.

I think BTC100,000 manipulates this market more now than ever, because of the exchange situation... But I don't have such money to play with. Otherwise I think you are right.

I generally agree with that sentiment.. but regarding where I bolded your words... is that in part due to the large price variance when one exchange runs up quicker ?, I am not surprised cavirtex is lagging behind stamp and gox right now.. but it saddens me since ..CAD is worth less than U.S and cavirtex ( despite I guess volume ) should be higher priced than Gox Or Stamp.

[windjc]

 I also am of the belief that there are not many humans that own $100k+ coins. And even fewer of them that are trying to manipulate markets.

Why even bother. Hold and profit. Is it REALLY worth there time to trade to try to make 1 or 2k more?

[TERA]

I also am of the belief that there are not many humans that own $100k+ coins. And even fewer of them that are trying to manipulate markets.

Why even bother. Hold and profit. Is it REALLY worth there time to trade to try to make 1 or 2k more?

Are there cyborgs that own 100k+ coins?

[mmitech]

OFF-topic- Max keiser Promoting Litecoin, Litecoin went 100% in one week, you cant miss that as well

[windjc]

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

Very interesting to see what happens here. Wall is building at $700 so I do not think this is going to be easy. How quickly we move through this resistance will let us ALOT about where and how fast we are going.

[lebing]

Hot asian did an interview with RT!
http://www.youtube.com/watch?v=Ty7XiBjHUsk&feature=youtu.be&t=4m20s

[Mevius]

I am unable to add to cancel sell/buy orders @bitstamp, might be the reason the lack behind in this upward trend.

Correction, it's just the display information that's lagging behind. Orders are being processed

[windjc]

I am unable to add to cancel sell/buy orders @bitstamp, might be the reason the lack behind in this upward trend.

Can't cancel? Thats a major problem.

[ChartBuddy]

[Davyd05]

CaVirtEx is just watching.. never seen it be so patient.. moves about 10% of gox's rally damned low volume.

[Miz4r]

I am unable to add to cancel sell/buy orders @bitstamp, might be the reason the lack behind in this upward trend.

You can cancel sell/buy order, the display is just lagging behind. But the moment you press cancel your order is gone. I have tested this.

[Mirsad]

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

China is long awake. It's 10am in western europe. So it's late afternoon in china.

I think it's a dead cat bounce. China is struggling -> before it was 200-300$ ahead of GOX, now the gap is smaller then 50$.

[Mevius]

I am unable to add to cancel sell/buy orders @bitstamp, might be the reason the lack behind in this upward trend.

You can cancel sell/buy order, the display is just lagging behind. But the moment you press cancel your order is gone. I have tested this.

You're right, after a few minutes my orders (dis)appeared.

[Davyd05]

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

China is long awake. It's 10am in western europe. So it's late afternoon in china.

I think it's a dead cat bounce. China is struggling -> before it was 200-300$ ahead of GOX, now the gap is smaller then 50$.

I am calling this the hour of power ..4-5am ... I can go wake my cat up she's sleeping in the bed I shall use never again.

[BldSwtTrs]

This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...

If I was the manipulator, I would lure all the suckers in now, and then drop the bomb with a market order.

The "price per coin sold" times "number of coins possible to sell" is now much higher than at the pop.

Main question - if bitcoin is short term worth this price, no problem. If not, somebody will notice and sell some

The hearing, Bernanke and Doj declarations are not prices imo. These are the best news ever.

Imo thinking within a linear regression paradigm instead of consider what happens in the real world is not optimal.

[windjc]

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

China is long awake. It's 10am in western europe. So it's late afternoon in china.

I think it's a dead cat bounce. China is struggling -> before it was 200-300$ ahead of GOX, now the gap is smaller then 50$.

Is that what you really think? I whole heartedly disagree for the following reasons.

A. China is currently being arbitraged against the other exchanges.
B. China did not start this rally from $200 - Gox and Stamp did.
C. China lagged slightly behind the rally and then took off way ahead.

In conclusion, China is going to blast off soon. And by "awake", I mean they just started buying again 45 minutes ago. Look at the charts.

[windjc]

China is headed towards 5300.  Wonder how long its going to take them to get there?

Who knows. Could be a week. Could be 5 hours.

[Mirsad]

Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.

China is long awake. It's 10am in western europe. So it's late afternoon in china.

I think it's a dead cat bounce. China is struggling -> before it was 200-300$ ahead of GOX, now the gap is smaller then 50$.

Is that what you really think? I whole heartedly disagree for the following reasons.

A. China is currently being arbitraged against the other exchanges.
B. China did not start this rally from $200 - Gox and Stamp did.
C. China lagged slightly behind the rally and then took off way ahead.

In conclusion, China is going to blast off soon. And by "awake", I mean they just started buying again 45 minutes ago. Look at the charts.

A lot of people have money @ BTC China and can't get it out. They transferred their coins there and sold at over 1000$!
They wait till the gap from gox/stamp to btc china closes, buy back @ btc china, transfer the coins and then drop the coins @ gox or stamp