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

[crazy_rabbit]

Put your bids in the $100-200 range.

Good call Walsoraj. Would it be rather in region of 200 or 100?

Depends on the exchange. Closer to 200 on Gox. Around 100 on exchanges w less liquidity.

1. Thank you so much for being the fountain of wisdom here.

2. Thank you for having Kaczynski upside down.

No prob. I try to do what I can, when I can.

Your are doing a great job. I can't find words to describe how grateful I am.

Just remember that there are people here with enough coins and fiat to take everything you have. Consider him a potential coin-predator: Assume he has all the 'buy bids' for the next $100 down. The market is quiet, you are nervous, he is waiting. He wants to buy coins cheaper then the current price, so he happily convinces you that more cheap coins can be had between $100 and $200, you sell your coins on the market, unknowing that he has a stake in many of the buy orders going down the next $50-$100. And you place your buy order at max $200, which means you've been tricked into thinking the price will drop unrealistically low, but at the same time he doesn't need to compete with you to buy back the coins, at the price point you just sold at- he's convincing people who sell, to not try and compete with him to buy the coins back.

Be wary my young friend. There is no free advice here.

[1714605917]

1714605917

[Spaceman_Spiff]

Put your bids in the $100-200 range.

You're a trier Walsoraj, I'll give you that

Not certain it will happen within the next 24hrs, but by Friday for sure!

By Friday eh?
OK, I'll have you a little wager it's still above $500 by Friday midnight GMT.

The loser has to post a self-composed poem describing what a bad trader they are?

$201 - $499 and we are both safe.

I like this bet, very creative  .

[maz]

Put your bids in the $100-200 range.

Good call Walsoraj. Would it be rather in region of 200 or 100?

Depends on the exchange. Closer to 200 on Gox. Around 100 on exchanges w less liquidity.

1. Thank you so much for being the fountain of wisdom here.

2. Thank you for having Kaczynski upside down.

No prob. I try to do what I can, when I can.

Your are doing a great job. I can't find words to describe how grateful I am.

Just remember that there are people here with enough coins and fiat to take everything you have. Consider him a potential coin-predator: Assume he has all the 'buy bids' for the next $100 down. The market is quiet, you are nervous, he is waiting. He wants to buy coins cheaper then the current price, so he happily convinces you that more cheap coins can be had between $100 and $200, you sell your coins on the market, unknowing that he has a stake in many of the buy orders going down the next $50-$100. And you place your buy order at max $200, which means you've been tricked into thinking the price will drop unrealistically low, but at the same time he doesn't need to compete with you to buy back the coins, at the price point you just sold at- he's convincing people who sell, to not try and compete with him to buy the coins back.

Be wary my young friend. There is no free advice here.

If he offered me a scheme of spending all my fiat on $200 coins so he could have $100 coins. I'd make that deal.

[beaconpcguru]

Somebody is using a lot of coin to keep the price suppressed on Gox. Once all the money on the sideline finally starts buying in, I don't see any stoping it (worth stopping). Buy in before the "suppressor" completes his plan. All signs point up.

Where is there alot of coins "suppressing" the price?  I'm not seeing it...

[YoYa]

The mysterious account that made the investment had at one point accumulated 77,600 bitcoin, mostly through “mining” operations, an amount which would now be worth approximately $64 million.

Looks like we finally found the real true 64 million dollar question! Is this bullish? Or bearish? 

[Davyd05]

Somebody is using a lot of coin to keep the price suppressed on Gox. Once all the money on the sideline finally starts buying in, I don't see any stoping it (worth stopping). Buy in before the "suppressor" completes his plan. All signs point up.

Where is there alot of coins "suppressing" the price?  I'm not seeing it...

where have you been.. we've been rollercoastering from 820-790 ( as low as 750 yesterday) people took profit.. followed by a small panic.. followed by the re buy from strong hands..

[ElectricMucus]

The mysterious account that made the investment had at one point accumulated 77,600 bitcoin, mostly through “mining” operations, an amount which would now be worth approximately $64 million.

Looks like we finally found the real true 64 million dollar question! Is this bullish? Or bearish?  

That depends, do you think there is 64 million dollar wanting to buy coins right now? What's the sum of all orderbooks on all exchanges?
Is it more than 64 million dollar?

[ChartBuddy]

[RoloTonyBrownTown]

Put your bids in the $100-200 range.

You're a trier Walsoraj, I'll give you that

Not certain it will happen within the next 24hrs, but by Friday for sure!

Money where mouth is time.

[hyphymikey]

Somebody is using a lot of coin to keep the price suppressed on Gox. Once all the money on the sideline finally starts buying in, I don't see any stoping it (worth stopping). Buy in before the "suppressor" completes his plan. All signs point up.

Where is there alot of coins "suppressing" the price?  I'm not seeing it...

Looking at the bigger picture.

[ChartBuddy]

[UnDerDoG81]

Pretty boring at the moment. Tiny movements up and down.

[CryptStorm]

BTCCHINA doesnt look like a double top.
What do the technical analysis guys say ?

Typical bubble. Rapid rise to new high. Crash. Bounce back to lower high. Then a long long long grind of capitulation.

What if btcchina is actually busy forming a massive bullish pennant right now?

This. 

[DougTanner]

Pretty boring at the moment. Tiny movements up and down.

[beaconpcguru]

Somebody is using a lot of coin to keep the price suppressed on Gox. Once all the money on the sideline finally starts buying in, I don't see any stoping it (worth stopping). Buy in before the "suppressor" completes his plan. All signs point up.

Where is there alot of coins "suppressing" the price?  I'm not seeing it...

Looking at the bigger picture.

We haven't even had enough volume to say "alot".  In the past three weeks we have had an average of roughly 40,000 coins going back and forth between hands.  Liquidity is low, atleast in the high end segment.  When we have 20,000 bids above 1,000$ and a million coins change hands in the course of a day, then I will see the volume, until then.. a few coins tossed around here and there for 5-10% here and there is not practical volume.. Rome wasn't built in a day but it certainly can be destroyed in that time.

[DougTanner]

We haven't even had enough volume to say "alot".

We need one of these for Bitcoin:

[ElectricMucus]

Just sell and you can have one.

[SheHadMANHands]

You guys listen to this?
http://www.youtube.com/watch?v=IaBREg5rzlI&feature=youtu.be

Highly entertaining..

[pera]

Excellent, everything is going according to plan....

[beaconpcguru]

Patience is your friend