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

[dreamspark]

Starting to feel that "we're being played" feeling.
Still want to buy everything I can but Stamp withdrawal is taking effing ages.

Dont forget email confirmation, done that a few times 

[1714747053]

1714747053

[1714747053]

1714747053

[JCviggen]

Starting to feel that "we're being played" feeling.
Still want to buy everything I can but Stamp withdrawal is taking effing ages.

Dont forget email confirmation, done that a few times 

Nah, "waiting to be processed" for the past 45 mins or so.

[gizmoh]

I bet those real btc will come to stamp, red fireworks party soon guys 

[dreamspark]

I bet those real btc will come to stamp, red fireworks party soon guys 

He does manual withdrawals so there's no telling when

[JCviggen]

I bet those real btc will come to stamp, red fireworks party soon guys 

Not for a while, the site owner processes withdrawals only once a day at 11 PM PST (if you withdraw before 8 PM)

[T.Stuart]

Someone just got their BTC into Bitcoinbuilder and bought some of that action!!

[dreamspark]

That shit got bought up with 500 on real btc to spare sitting on the bid side.

[JCviggen]

That shit got bought up with 500 on real btc to spare sitting on the bid side.

More like 1000, it's split between .19 and .18

[GaliX]

Shit hits the fan at bitcoinbuilder.

Those who were greedy to send USD to Gox to arb with bitcoinbuilder,  have to scratch their heads now.

No wonder some JPY withdrawals and some SEPA are being processed, new money is paying for those debts.  Gox Ponzi in full mode.

greedy people always will pay for their greed.

[ShroomsKit]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

[creekbore]

The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved.  I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.

That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.

NB Above theory could be total bollocks

or a smart trader who will sell now and buy much cheaper....

I appreciate the larger assumed strategy but I've been watching these wall games for about a year now and they are usually repositioned to maximise their effect and impact, indeed you usually begin to divine a purpose to the moves.  But this guy looks like he parked an order and has gone off to do other things.

[Richard Branson]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

Inside-Trading destroys every market. Bitcoin needs regulation. A lot of it!
Otherwise we will continue with a handful exchanges manipulation the price like hell.

Every exchange needs an external audit who observers all trades.

[empowering]

The most interesting notion that Gox may be being purchased by outsiders makes a TON of sense!!

Imagine you're Mark-- totally sick of running your company, dudes are getting in your way while you're carrying your scrumptious coffee-beverage to work (idiots), and no one really understands your pure awesomeness... you have maybe 10,000 BTC (idk!?!?) and someone offers you millions!! to walk away from gox == yummy coffee-beverages without idiots.

What would you do?

Win-Win-Win

It actually adds up nicely.

The biggest problem is it makes a ton of sense -- since when does Bitcoin operate under such parameters?

I speculated te same thing a few days back

We all know the rocket is going to take off sooner or later.... b b b but d d d do you think they have had their fill of c c c cheap coins yet?? out of Mt g g gox?

<putsontinfoilhatandsparksacrackpipe>

ring ring

"Howdy doody Mark how are you on this fine American day? My name is Mr X and Mark the reason I am calling all the way from NY city today is to make you an offer, I think you should put down your frappacuinno extra large, and park your extra large butt on one of them big blue balls... I have an offer that you cannot refuse, it will keep you in blueballs and extra decorative tubs of coffee for ever..................
.......but first show me your books"

Mark pisses himself with glee and hands over the books

"Interesting so back in 20** this dip in price here what caused this? what is that you say? you halted withdrawals and everyone shit themselves? and the price tanked...... hmm interesting..."

"ok the offer stands...here is a giant stack of cash... but you are now mine!!  dance fat boy!!  dance!-
 
Ahem sorry I mean here is what we are going to do......I want you to halt all Bitcoin withdrawals now..."

Price tanks

Mr X buys lots and lots of cheap coins...

MtGox reopens withdrawals slowly

Price creeps back up

MK announces he is taking early retirement

MtGox gets bought out by a fund, maybe intending to open an NY office in 2015

Confidence re MTGox soars

Price soars

They got cheap entry into the market, and picked up a "distressed asset" along the way  
and played a lovely game of manipulate the market with a healthy dose of fear.

<removestinfoilhatbutkeepsthecrackpipeforanotherblast>

[mmitech]

The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved.  I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.

That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.

NB Above theory could be total bollocks

or a smart trader who will sell now and buy much cheaper....

I appreciate the larger assumed strategy but I've been watching these wall games for about a year now and they are usually repositioned to maximise their effect and impact, indeed you usually begin to divine a purpose to the moves.  But this gut looks like he parked an order and has gone off to do other things.

yes why not ? I would do the same... it takes patience to make profit, watching the 15 minute chart will never make you any profit, you will be just paying allot of fees and losing your nerves, I found a couple of trades a month to be the most profitable trades ever.

I can smell a crash to 400, you dont have to be bullish short term, you have to adjust your position with market moves, but to be honest I am so bullish long term...

[T.Stuart]

Someone is eating up 1000s on BB and wants more!

[creekbore]

I speculated the same thing a few days back

I recall it vividly

And that you were quite tired and emotional by that point in the evening

[mmitech]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

there was even harder times but Bitcoin survived, what is happening now is effecting the price, it may drop really low, some people will lose confidence and cash out and be done with bitcoin, these never believed in Bitcoin anyways, I saw people moving with their lives all the time, everyone has a price...

but what is happening now is just the last clearing before Bitcoin goes mainstream, some people have to be pushed out, it will negatively effect the economy for a short term period but we need this to happen for the long term health of Bitcoin.

so now you are testing your faith, even you stay or you go out, I can give you an advice, if you want to breath easily and if all of this is stressing you, try to sell some of your coins cash them out do something you wanted to do for so long, go to vacation.... and you will feel much better, I really found that helpful...

[JorgeStolfi]

About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.

However other traders had blocked the way with smaller offers at slightly lower prices.  So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working".  When he saw that people had started to buy into his offer, he left it there and went to bed.

Does this make sense?

[GaliX]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

People predicted Bitcoin will fail like 500 times now and every time Bitcoin became stronger and more resilient after all.

If people would really know what big bankers do with money. Jesus... But we are lucky, people are dumb and don't understand anything on this world.


http://www.reuters.com/article/2014/02/20/us-jpmorgan-madoff-idUSBREA1J21W20140220

"Picard has estimated that Madoff customers lost $17.3 billion."
I don't even want to know what scam is going on behind the scene.

This is far more money then the complete Bitcoin volume was on the best golden "Chinese buy everything" time.

[creekbore]

The BitStamp wall has been at the same price for about 7hours now...I watched it go in 10K @600, and then it was moved a couple of times before settling at 579.34 since when it hasn't moved.  I tend to think if this was a tactic in part of a larger strategy, then we would have seen the wall move price testing support.

That it hasn't been moved suggests s/o simply cashing out or a naive or inexperienced trader rather than a master manipulator.

NB Above theory could be total bollocks

or a smart trader who will sell now and buy much cheaper....

I appreciate the larger assumed strategy but I've been watching these wall games for about a year now and they are usually repositioned to maximise their effect and impact, indeed you usually begin to divine a purpose to the moves.  But this gut looks like he parked an order and has gone off to do other things.

yes why not ? I would do the same... it takes patience to make profit, watching the 15 minute chart will never make you any profit, you will be just paying allot of fees and losing your nerves, I found a couple of trades a month to be the most profitable trades ever.

I can smell a crash to 400, you dont have to be bullish short term, you have to adjust your position with market moves, but to be honest I am so bullish long term...

To paraphrase Buffet that if you keep all your coins in one order, you watch this order closely.”  He could have maximised his profits by moving the wall and when you have 10K of coin, you dictate where the playground is. 

But clearly whatever this is, it's not a reversal...I've been in the 450 camp for weeks now but of course there will be recovery, more moon, trains and CCMF at some point.