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

[gentlemand]

I just did, wanna fight aboudit?

https://www.youtube.com/watch?v=30GD25un0XQ

No. I will throw you Ms Rand's works page by page from the walls of the citadel once the elite have relocated there. You can slowly learn the true way as you wallow in the filth below.

You write fantasy about as well as Ayn Rand.

Thank you.

[octaft]

You write fantasy about as well as Ayn Rand.

Thank you.

Not sure why you'd thank me for an insult, but...you're welcome?

[fallinglantern]

tl;dr

[octaft]

tl;dr

Don't worry, it's all trash anyway.

[podyx]

pump coming

[tomothy]

Is it unreasonable to not expect an increase on or after the BTC Marshall Auction?
I'm trying to wrap my head around it's impact. What the significance of the sale being off exchange and what would happen if those coins were bought on an exchange.

So they are selling 50,000 btc. The current coin price is say $236 usd.
So if you could push the price down to say, $220, coins worth  = $11.million
So if you could push the price up to say     $250, coins worth  =  $12.5 million
Or to push it further say -$36 at $200, coins worth = $10 million
And then say +36 say at $272, coins worth = $13.6 million
Plus whatever premium to not move markets and buy otc.


I guess I'm trying to understand how much of a premium buying these coins would represent.
Looking through the order books, it seems realistic that if someone wanted to buy and accumulate around 50k coins using the existent exchanges;
this would result in some rather extreme buying pressure. The markets still seem too young to be able to handle this sort of action without significant volatility.

So if you were an institutional investor it would appear that it might be in your interest to systematically push the price down to accumulate? Or is this just delusional bull thoughts and it's not that the value is being suppressed but support is floundering. Thoughts?

[tomothy]

Well, with this pump i'm quite confused. Why would you want the price to go up before the auction unless bull trap? Or trying to make it tougher and more expensive to purchase the lot of coins? So confused with all this green. I like the movement though! CCMF?

[Cconvert2G36]

Well, that escalated quickly.

[LRENZ]

Bear market is over, big rise coming this weekend

[Ezmoneyezlife]

This shit came from chinese exchanges (wash volume bots pumps) before an auction which means that its clearly a bulltrap imo. Those who are going to buy dont need price to be higher than 250$ until they buy it.

[silverfuture]

It needs to break 266 convincingly and hold it for a while. How long will it take?

[Wary]

Wow!

[BitChick]

Well, with this pump i'm quite confused. Why would you want the price to go up before the auction unless bull trap? Or trying to make it tougher and more expensive to purchase the lot of coins? So confused with all this green. I like the movement though! CCMF?

Confusing "green" is what Bitcoin likes to do.  (confusing red happens too but that is not as much fun.)

I so hope this is the start of good things to come!  

[Morecoin Freeman]

This thing is so bananas.

[ajareselde]

This thing is so bananas.

thats even an understatement, i have no idea what going on, but its all green now
bearmarket over ? definetly it seams

cheers

[silverfuture]

maybe not too long !

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

Shorts holding a trembling finger over the panic button.

[Ezmoneyezlife]

This crap is looking like another P&D based on chinese wash volume trying to dump as high as possible before auction dump imo, its unhealthy without any decent good news. Chinese douches made that trick so many times due to 0% fees buying their own coins using bots with instaorders.

[Sitarow]