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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26966938 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
NotLambchop
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March 05, 2015, 10:06:14 PM

Fuck me!  More organic growth!!


Wanna make up Lambie?  Kiss

Periods of organic growth are just harbingers of equally organic collapse, which is already in progress Cool
Erdogan
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March 05, 2015, 10:06:23 PM

Is there any confirmation to auction being 30% above market?  Who started the rumor?  Don't tell me it was AdamstgBit.

Why would anyone bid that high above market?  You could buy 50k across several exchanges without driving it up 30%.  

I doubt it. There are lots of trades, with traders over time staying at about the same holding level, but for real changes in demand like this, the market is thin as a hair.
bri912678
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March 05, 2015, 10:06:38 PM

It's ironic that it's cheaper to buy on stamp now nobody's using it anymore. There was a big time delay between the pump on finex and the one on stamp.
bassclef
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March 05, 2015, 10:07:15 PM

Someone is putting up ask walls to protect their shorts on finex.... Must be doing something right.

This almost never works out for them. Fighting the market is the fastest way to go broke. Shorts pushed the price down so low, now they are surprised when it springs back in their face.
uhoh
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March 05, 2015, 10:08:18 PM

290 looks like an easy target
kurious
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March 05, 2015, 10:10:02 PM

Trolls awfully quiet, chaps.

Bullish.
KryptoFoo
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March 05, 2015, 10:16:55 PM

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?
bri912678
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March 05, 2015, 10:19:05 PM

I thought Draper might have something to do with this pump, then I read on bloomberg that he didn't even participate.

Draper said he didn’t participate in the bidding.

http://www.bloomberg.com/news/articles/2015-03-05/secondmarket-among-bidders-in-third-silk-road-bitcoin-auction

It's strange he didn't bid considering he was a bidder in the last two auctions.
kurious
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March 05, 2015, 10:20:09 PM

290 looks like an easy target

It does - but in the last couple of days big moves have died off reasonably quickly at this time - end of trading hours in NYC and Europe is just for private traders now.

We won't see it smashed down tonight I reckon.  A little profit taking at most.

Major dumping would need balls of steel after a green hourly candle like that.
KryptoFoo
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March 05, 2015, 10:21:47 PM

these rumors look very shaky, not susbstantiated in any way whatsoever. I reiterate, took profits. opening a small short here
tarmi
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March 05, 2015, 10:23:17 PM

biutiful pump.

and if you think that you took my money you are fucking stupid.
uhoh
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March 05, 2015, 10:23:22 PM

290 looks like an easy target

It does - but in the last couple of days big moves have died off reasonably quickly at this time - end of trading hours in NYC and Europe is just for private traders now.

We won't see it smashed down tonight I reckon.  A little profit taking at most.

Major dumping would need balls of steel after a green hourly candle like that.

Would tend to agree, but we've been floating back quite effortlessly after each pullback. If we can hit $290, $300 would fall very quickly IMO.

Incidentally, whats this about a 30% above market bid rumour? can't find anything about it.
dreamspark
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March 05, 2015, 10:23:38 PM

these rumors look very shaky, not susbstantiated in any way whatsoever. I reiterate, took profits. opening a small short here

This is not the rumors, just a good move by bulls. Everyone's wanting to retest this area and kill some bears.
Brewins
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March 05, 2015, 10:23:52 PM

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

u mad?

china never really illegalized BTC and as far I know the auction prices are not public
chriswen
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March 05, 2015, 10:24:24 PM

I thought Draper might have something to do with this pump, then I read on bloomberg that he didn't even participate.

Draper said he didn’t participate in the bidding.

http://www.bloomberg.com/news/articles/2015-03-05/secondmarket-among-bidders-in-third-silk-road-bitcoin-auction

It's strange he didn't bid considering he was a bidder in the last two auctions.

the reuters article said he participated in the auction but it was posted 4 hours before.
UnDerDoG81
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March 05, 2015, 10:25:21 PM

Wow 275 and we have a looooong way to go to be back to black. I am still heavily in the red.
resya
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March 05, 2015, 10:25:21 PM

I'm nearly looking at the historical facts. $280 was the highest it reached for the past 24 hours.. the week chart shows very high volume +7k bars around $240. And thinner volume when the price goes up.
chriswen
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March 05, 2015, 10:25:32 PM

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

u mad?

china never really illegalized BTC and as far I know the auction prices are not public

that's why they're rumours.
KryptoFoo
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March 05, 2015, 10:25:43 PM

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

u mad?

china never really illegalized BTC and as far I know the auction prices are not public

not mad. Made good money on that. Was expecting "sell the rumor buy the news" on the closing of the auction then got this sudden "buy the rumor" luck bone thrown at us. Just luck.

Edit: and I dont think the gains will last one folks come to their senses on these unsubstantiated rumors, that is of course unless they are substantiated in which case I will see my short stop loss triggered much higher!
Ezmoneyezlife
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March 05, 2015, 10:25:48 PM

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?
Yep, BTC market rulers wanna less shorts before they start a final rape, nothing new.

1) Post a rumor (like OKCoins 20 bln$ hedge fund on november 12th)
2) quick buy 3-5k of BTC to provoke fools
3) look at the fools canceling shorts
4) wait until fools go full retard long on rumors and incoming next auction news
5) create a quick coordinated dump like previous one and retest "bottom" to force a final shake off (on next auction + some rumors, news)
6) make a real reversal once stock markets starting to collapse (1-2 months)

They made same thing on the last auctions spreading rumors. Welcome to non-organic manipulated by its own Bilderberg BTC club "market".
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