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

[hdbuck]

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

Exactly! I also focus only on how many btc I am accruing. The amount of $$ is irrelevant.

[DefendKebab]

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

[inca]

It wasn't selling for best price (slow dribble). It was selling to move the price (rapid dumps).

No worries, I bought coins at 180 during the last dip. Bulls are buying at these levels - check the volume.

Gonna bookmark this one again for comic relief, as I did with some of your earlier comments. I wonder whether you will sell at 180 when we reach that point. I wonder.

You seem to think you know the future. Cute.

Don't be such a hypocrite Inca: so do you. You only predict one direction for Bitcoin: up, to the moon that is. I haven't seen you even suggest the opposite, so please get off your high horse. You're just a permabull that spams these boards with your own propaganda. A type of lambchop, but then without any sense of humor.

I put it off but there you toddle off into my growing ignore bin.

[itod]

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

To increase your BTC stack you need to sell high buy low. There was like 2500BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt

They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come.

[LFC_Bitcoin]

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

[drbrock]

Are bulls buying again? BFXdata thats total including all exchanges right?

[Spaceman_Spiff]

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

[galdur]

So, how will the coming intermediate to long-term grind down of the stock market affect BTC price ?

Long-term like in until middle of next year or so. The crash of 2008 took about 18 months to fully develop.

[LFC_Bitcoin]

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

I'm happy with my stash.

I don't want it to drop low because there wouldn't be any guarantee it'd rise again.

[galdur]

I guess you bears are long stocks so maybe it´s not a very interesting subject.

Short BTC, long stocks what could go wrong.

[YourMother]

People from BTC-e are making loads of money with the idiots from Stamp.

$15-$20 per Bitcoin.

[hdbuck]

I guess you bears are long stocks so maybe it´s not a very interesting subject.

Short BTC, long stocks what could go wrong.

Investment Guide For The American Dystopia: Go Long the 1%, Short The Middle Class
http://www.zerohedge.com/news/2015-01-12/investment-guide-american-dystopia-go-long-1-short-middle-class

[Sitarow]

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

I'm happy with my stash.

I don't want it to drop low because there wouldn't be any guarantee it'd rise again.

Most feel that way.

Only those who have nothing to loose push it lower.

People from BTC-e are making loads of money with the idiots from Stamp.

$15-$20 per Bitcoin.

There is a limit on the number of BTC you can withdraw a day on btc-e

[galdur]

I guess it goes without saying. If you have been believing that BTC is heading to zero then you obviously have been loading up on safe things like stocks and bonds - which are now staggering bubbles about to burst with awful consequences. The only question I´m interested in is how will this affect BTC action.

[damiano]

Are bulls buying again? BFXdata thats total including all exchanges right?

It's just bitfinex

[aztecminer]

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

[samsonn25]

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

To increase your BTC stack you need to sell high buy low. There was like 2500BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt

They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come.

There is kinda conspiracy theory about that in the stock market too.  But these are normal market forces at work here.  True there are sheep and they are prone to emotional ups and downs easier than,  lets call them more experienced or less emotional traders.

But in the end there are more sellers than buyers thats why the price drops.  And price goes up when there are more buyers than sellers.

If the Big Boys are dumping to create a panick rush and try to  make a big drop and their timing is not right they get fcked if other buyers, maybe some other whales are waiting for a good time to load up and up and up.

[damiano]

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

It's early morning there now.  We should see some increased activity within the hour

[ChartBuddy]

Coin
Explanation

[Torque]

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

It's early morning there now.  We should see some increased activity within the hour

Really?  'Cause their bots are working 24 hour shifts, no caffeine needed.