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

[billyjoeallen]

Someone trying to push the price with a 400 btc buy order at bitfinex?

It's very difficult to push price in the direction you want it to go.  You have to drive the bid and ask sums more than the price so you can minimize slippage when you take profits.  The profits are often less than the cost of pushing the price. You can sometimes trick the market with fake walls, but that can backfire if someone takes a big bite out of your wall before you can pull it.

A whale with the right skill could almost print money with minimal risk, but if you run into another whale, he could take you out. For us minnows, the ideal situation is competing whales that we can skim off of, trading the churn.

[podyx]

http://www.bloomberg.com/news/articles/2015-03-06/secondmarket-failed-to-win-bitcoins-in-latest-government-auction

1.  Bid @$2/coin
2.  Announce that lost.
3.
4.  Profit.

[camolist]

lowered my margin buy by 25 btc (back to 150 i had added 25 in the low 60s) not sure where we are going short term 

[ChartBuddy]

Coin
Explanation

[podyx]

...I'm up over ... 3000% last five years. I'm just pissed because I should have done much much better.

3000% in 5 years?  Let's see, a $20 pizza was sold for 10,000 BTC back then...  So you've lost most of your coin?  No shit you "should have done much better."

 

I read that you increased ur btc though, that's whats counts

[tarmi]

[billyjoeallen]

lowered my margin buy by 25 btc (back to 150 i had added 25 in the low 60s) not sure where we are going short term 

I did something similar for the same reason. Maybe we'll get another Saturday Night discount.

[billyjoeallen]

[xingming]

I think that the bitcoin price may drop in few days and hope it can back to this level now ;
The auction won't pass without making some hurts on bitcoin price , Like we saw in the last
time bitcoin price dropping mean that all other cryptos price drop they just are based on bitcoin 
E.g : last auction bitcoin price went from 350 to 220 and less more ltc went from 3.6 to 1.6 .

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[aztecminer]

I'm looking to pick up a few more coins so im hoping the price drops a bit soon. He's my best attempt to fud the market.

omg everybody...the bitcoin boat is sinking...cut your looses!...lol. (just helping out)

[bad trader]

-Very low Bid Sum on all exchanges:
Check

What's so bad about it?

[derpinheimer]

Usually the bid end is a lot bigger.. that's the problem

[ChartBuddy]

Coin
Explanation

[BlindMayorBitcorn]

I'm looking to pick up a few more coins so im hoping the price drops a bit soon. He's my best attempt to fud the market.

omg everybody...the bitcoin boat is sinking...cut your looses!...lol. (just helping out)

Isis pedos are haxx0ring your anon exchanges as we speak! Your wallets aren't safe and the price is collapsing because Bitcoin!!! (did that help at all?)

[adamstgBit]

I'm looking to pick up a few more coins so im hoping the price drops a bit soon. He's my best attempt to fud the market.

omg everybody...the bitcoin boat is sinking...cut your looses!...lol. (just helping out)

Isis pedos are haxx0ring your anon exchanges as we speak! Your wallets aren't safe and the price is collapsing because Bitcoin!!! (did that help at all?)

 
this bearish FUD is alot more convincing when its not NLC saying it.

[BlindMayorBitcorn]

^
Doesfluttershyhavetosmackabitch.jpg

 

[ChartBuddy]

Coin
Explanation

[damiano]

20million longs now