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

[Sitarow]

Weekend dump, or weekend pump? That's the question now.

Oay attention to the sell volume  LTC/BTC. Its higher than the buy expect to see BTC//USD go up.

your theory don't make any sense, I saw your previous posts and I still don't really get it, I think it is just a conspiracy theory you have there....

I think it makes sense. So take a look at what's been going on @ BTC-E for the last section of time.

Right now:
1) they are Dumping bitcoin for litecoin. This is decreasing the cost of bitcoin and raising the cost of litecoin.
2) they are then selling litecoin for usd.
3) then they can buy bitcoin w/ usd, cheaper than what it was previously being sold at.

The inverse also happens when pumping bitcoin to increase litecoin holdings. It's a nice little triangluar pattern that they've been doing since the last bubble.
That combined with the massive amount of shorts has allowed market makers to increase holdings/profits while keeping others suppressed. IMHO

What's even sicker is the trades seem to happen near instantaneously between ltc/btc and ltc/usd, which as Sitarow suggests, keeps value at equilibrium.
I just wish I could understand it a little bit better to try and play the swings.

The task is to inform so they don't get caught of guard.

DO not trade with leverage and watch your bots.

OKCoin 945AM EST LTC/CNY


BTC-e LTC/BTC


BTC-e LTC/USD


BTC-e BTC/USD

[Erdogan]

Looks like Star Xu is worried that BTC will go to 0 because it's pretty much just 100% speculation. He is pleading to the world to please start using it, or else his business will go down the shitter.

http://blog.okcoin.com/post/109570662089/okcoin-in-my-words-star-xu

Enjoy the words of a desperate CEO

"If Bitcoin forever stalls at a theoretical stage, the value can only become ever lower - all the way to 0. The development of real use cases for Bitcoin is fundamental. There is no point in dreaming of Wall Street becoming the next buyer or regulatory authorities helping to legitimize Bitcoin."

"If Bitcoin remains only on exchanges, then the likelihood of Bitcoin failing is fairly high. "

Nice thing with capitalism, you don't have to understand it to be a part of it. Not using, holding holds the value up.

[mmitech]

Weekend dump, or weekend pump? That's the question now.

Oay attention to the sell volume  LTC/BTC. Its higher than the buy expect to see BTC//USD go up.

your theory don't make any sense, I saw your previous posts and I still don't really get it, I think it is just a conspiracy theory you have there....

I think it makes sense. So take a look at what's been going on @ BTC-E for the last section of time.

Right now:
1) they are Dumping bitcoin for litecoin. This is decreasing the cost of bitcoin and raising the cost of litecoin.
2) they are then selling litecoin for usd.
3) then they can buy bitcoin w/ usd, cheaper than what it was previously being sold at.

The inverse also happens when pumping bitcoin to increase litecoin holdings. It's a nice little triangluar pattern that they've been doing since the last bubble.
That combined with the massive amount of shorts has allowed market makers to increase holdings/profits while keeping others suppressed. IMHO

What's even sicker is the trades seem to happen near instantaneously between ltc/btc and ltc/usd, which as Sitarow suggests, keeps value at equilibrium.
I just wish I could understand it a little bit better to try and play the swings.

1) So they are swapping BTC for LTC, OK this doesn't decreases BTC but increase LTC price
2) Then they sell the bought LTC for USD which decreases the price of LTC to the previous price, now LTC price is decreased.
3) Then they buy Bitcoin cheaper, and somehow pump the price a bit, and then they repeat the same thing....

If all this hold for truth, all they are doing is pumping BTC and creating volume and volatility, so they are forcing traders to trade which grant them more fees.... it just happened to be LTC and BTC because they are the only coins they have any volume on their site.



Besides, if only BTC-e was a market leader, I mean who even still trade at BTC-e ?

[thresher]

Weekend dump, or weekend pump? That's the question now.

Oay attention to the sell volume  LTC/BTC. Its higher than the buy expect to see BTC//USD go up.

your theory don't make any sense, I saw your previous posts and I still don't really get it, I think it is just a conspiracy theory you have there....

I think it makes sense. So take a look at what's been going on @ BTC-E for the last section of time.

Right now:
1) they are Dumping bitcoin for litecoin. This is decreasing the cost of bitcoin and raising the cost of litecoin.
2) they are then selling litecoin for usd.
3) then they can buy bitcoin w/ usd, cheaper than what it was previously being sold at.

The inverse also happens when pumping bitcoin to increase litecoin holdings. It's a nice little triangluar pattern that they've been doing since the last bubble.
That combined with the massive amount of shorts has allowed market makers to increase holdings/profits while keeping others suppressed. IMHO

What's even sicker is the trades seem to happen near instantaneously between ltc/btc and ltc/usd, which as Sitarow suggests, keeps value at equilibrium.
I just wish I could understand it a little bit better to try and play the swings.

1) So they are swapping BTC for LTC, OK this doesn't decreases BTC but increase LTC price
2) Then they sell the bought LTC for USD which decreases the price of LTC to the previous price, now both BTC and LTC prices are decreased.
3) Then they buy Bitcoin cheaper, and bring the price back to were it was before, and then they repeat the same thing....

If all this hold for truth, all they are doing is creating volume and volatility, so they are forcing traders to trade which grant them more fees.... it just happened to be LTC and BTC because they are the only coins they have any volume on their site.



Besides, if only BTC-e was a market leader, I mean who even still trade at BTC-e ?

It makes sense, but I also like your theory about more trading = more fees. 

[JorgeStolfi]

Ok, I can take the trolling, name calling, schadenfreude and all the rest.

https://www.youtube.com/watch?v=LpiFmZLICgM

[Torque]

mmitech is just butthurt he didn't get back into LTC ~$1.20 and missed the pump.

[luckygenough56]

mmitech is just butthurt he didn't get back into LTC ~$1.20 and missed the pump.

that ltc pump was golden but one needs balls to bet on it

[mmitech]

It makes sense, but I also like your theory about more trading = more fees. 

I edited my post, the logic in the previous one didn't make sense, the edited one make more sense.

[ChartBuddy]

Coin
Explanation

[findftp]

But the question is, do we break the previous bottom of 166 in a few weeks?
I think we might, but not much.
It will also be the last <200 bottom of 2015 and beyond.

[JorgeStolfi]

Nice thing with capitalism, you don't have to understand it to be a part of it. Not using, holding holds the value up.

Holding by itself does not hold the value up.  You need people who are willing to increase their holdings by buying some of it.  The price will not stay up if they don't agree with it.

[Sitarow]

If your going to enter it first figure out what the "manipulators " bot target rate is do not buy or sell more then its set to as it will just get replaced.

Their are active traders and then their is a bot working to unload ltc for btc until the target is met before the next run up on BTC/USD to liquidate.

Ultimately selling LTC at a higher BTC rate.

[Sitarow]

Nice thing with capitalism, you don't have to understand it to be a part of it. Not using, holding holds the value up.

Holding by itself does not hold the value up.  You need people who are willing to increase their holdings by buying some of it.  The price will not stay up if they don't agree with it.

the real issue is Altcoins being pushed as if they are = to BTC and people are biting.

All this does is serve as a gateway to bleed the block chain of its value.

[mmitech]

mmitech is just butthurt he didn't get back into LTC ~$1.20 and missed the pump.

didn't buy it and not thinking about buying it, I have to admit LTC was the best performing coin in my portfolio, made good money with it but I don't see any reason for its existence... the pump and dump is over, and now it is just a bad copy of Bitcoin that doesn't want to change nor get special....

if I am going to ever invest in alts I would invest only in the promising v2.0 coins such as Ethereum, I would invest even in ripple and not LTC.

[damiano]

How many people fell for the pump to 240 last night?

[phoenix1]

On btc-e 1200LTC/BTC trade was made the BTC was then sold at market rate and the usd was shorly used to bbuy 1200 ltc and keep the ltc/usd value the same.

I've got one major problem with this theory ... 1200 LTC is like 10BTC ... 'dumping' 10 BTC would have no impact on price whatsoever so your graphs make no sense to me.

Correlation /= causation

[kodtycoon]

mmitech is just butthurt he didn't get back into LTC ~$1.20 and missed the pump.

didn't buy it and not thinking about buying it, I have to admit LTC was the best performing coin in my portfolio, made good money with it but I don't see any reason for its existence... the pump and dump is over, and now it is just a bad copy of Bitcoin that doesn't want to change nor get special....

if I am going to ever invest in alts I would invest only in the promising v2.0 coins such as Ethereum, I would invest even in ripple and not LTC.

the 2.0 space is going to be much bigger by the end of the year. one of them is going to cause another wave of insane innovation.

[NotLambchop]

How many people fell for the pump to 240 last night?

I did.  It totally wasn't barbs' fault

...
Way too soon, give it at least 3 more hours.

Don't mean to be a pest, barbs, but I'm getting a teeny bit nervous here.  I pawned the gold watch Papa gave me & even the fine .75 carat cubic zirconia ring I've given my Maybelle, just like you told me to.  Told 'er it was to have it professionally appraised for the insurance policy (which I just cashed in to bet on BTC, lol).

Sorry for taking up your time like this, but the price don't seem to be goin' up like you tolded me it would, and I'm leveraged to the gills.  Just tell me again you're still totally sure, barbs...  Won't lie, I'm agettin' scairt

Have you lied to me barb? What am I gonna tell Maybelle?  What's going on?  Tell me it's gonna be alright, barbs.  Just tell me you're sure, I TRUSTED YOU BARBS!!!
Barbs?  Baaarbs!!!



Oh God, I don't feel good...

Do you think Braveheart felt good when he stormed the front in assless chaps ? No sir but he went for it anyway because he's a real man.

Braveheart?  But he's ded barbs!  He had assburgers or something, so they kilt him so's he'd stop being such an embarrassment!  
Barbs, Maybelle found out I pawned the ring, and she's due in a week!

I don't blame you barbs, I'm sorry.  I brought it all on myself...  God, how could I have been SO STUPIT!
Bitcoin...  Rally.  Really.
I DESERVE this

It's over.
Maybelle's water broke last night.  I recon I might'a had something to do with it, but Bitcoin price wouldn't go up and she just kept SCREAMING...  You wouldn't 'ave done no different in my shoes.
And then she stopped.  Eyes frozen in that stupid glazed expression she used to get when I talked to her about our Bitcoin.
Just silence.  And the sound of churning water, tidal waves of Maybelle's water cresting and crashing in a deluge down our rec room stairs.

I might have vomited.

Did I remember to greet you, gentlemen?  Good morning!  And you too, BayAreaCoins.

[tomothy]

So looking at the charts, it appears LTC has been trading sideways for the last few days while bitcoin price has been continuing to decline.
would the next logical step be to dump LTC in order to pump BTC up
or
would you pump LTC to continue to force BTC lower before reversing the trend and doing it all over again?

I think once the silkroad trial is finished some big moves will start occurring but that is just pure speculation... hence this thread...

I'd beg to differ that a 10btc move doesnt move markets as they seem to be relatively thin?

[kodtycoon]

How many people fell for the pump to 240 last night?

got in @ €200. slept through the pump. :/ im thinking we will break out upwards by latest 9am gmt but probably between ~3-6am.