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

[inca]

DO NOT BE AFRAID TARMI

of what? of sneaky bulls that are trying to start something on easter sunday?

no. they will fail miserably.

1. Short at 255

2. Watch it become quite profitable, dropping into 23X.

3...

Oh wait now he covered in the 230's. LOL.

[JorgeStolfi]

On the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:

In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the “$15.13″ value from the previous trade seems to “stick”; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the “Money” spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.

My reading of that analysis is that Markus/Wally had several "slave" accounts, used one after the other, that bought bitcoins continuously in small amounts from other users; with apparently valid trades, paying with non-existent USD, at 10% above market.  Then periodically those slave accounts transferred the bitcoins to that master account; not by open trading, but by fake trades (not visible to the outside world), that had the same  meaningless USD amount "15.13$" irrespective of the BTC amount or market price.  The coins presumably were then withdrawn from the master account to some destination outside the MtGOX wallets.

[inca]

In the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:

In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the “$15.13″ value from the previous trade seems to “stick”; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the “Money” spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.

Mt Gox closed over a year ago and was irrelevent to price discovery long before that.
 
What next? Blaming the guy who exchanged a pizza ten thousand btc? He should have charged more, he falsely overpriced bitcoin for the rest of eternity!!?


PS. what proof do you have other than a 'blog' that the Mt Gox 'bot' wasn't legitimate? There is a country called China that existed during the last bubble you might want to look it up.

[BitcoinNewbie15]

I hope bitcoin will continue to trend upwards, but for now, i think it may be done going up. Hopefully we will see another leg up soon.

[sporket]

LEOCoin


Bitcoin



Brothers and sisters, the time has come
For each and every one of you to decide
Whether you are gonna be the problem,
Or whether you are gonna be the solution.
You must choose, brothers, you must choose.

Good article:
https://www.cryptocoinsnews.com/leocoin-claims-second-largest-digital-currency-bitcoin-bullshit/

A poorly researched, unsubstantiated smear piece penned by Joel Dalais, director of IBWT ("In Bitcoin We Trust"), a Digital Currency Exchange.
Could his bilious libel possibly be influenced by his personal investment in Bitcoin's crumbling ecosystem?

[fonsie]

In the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:

In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the “$15.13″ value from the previous trade seems to “stick”; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the “Money” spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.

Mt Gox closed over a year ago and was irrelevent to price discovery long before that.
 
What next? Blaming the guy who exchanged a pizza ten thousand btc? He should have charged more, he falsely overpriced bitcoin for the rest of eternity!!?


PS. what proof do you have other than a 'blog' that the Mt Gox 'bot' wasn't legitimate? There is a country called China that existed during the last bubble you might want to look it up.

Some say that the pizza didn't even taste that great, so definately some manipulation going on... Let's call it the overpriced pizza-bot.

All we know is, he's called the stig a troll.

[JorgeStolfi]

For humor value, sorry for the off-topic:
LEOcoin mining page:

Due to an unfortunate fork in the leocoin blockchain (which we are still investigating), the pool experienced a downtime. Everything has been restored to normal, we even took the opportunity to upgrade our pool.

[kennenman]

I hope bitcoin will continue to trend upwards, but for now, i think it may be done going up. Hopefully we will see another leg up soon.

We always want to see some leg but just chill it will go when it is good and ready to, you should not force your self/opinion on it just live in the moment we will never be done going up unless you quit and miss it.

[ssmc2]

*Irrelevant post*

DUDE, gtfo with your shilly coin. LOL. Nobody gives a flip.

[noobtrader]

off topic humor

thank you for pointing out how bitcoin is better investment, no wonder that bitcoin price rises today

[damiano]

Just closed my long that I opened at 239.  These no volume spikes worry me a bit.  Short still open and going to add a bit more around 270-275 if it gets there.  Not sure what's going on but I have the same feeling I had when we broke 300 a few weeks ago which turned out in my favor.

Good luck all. (Each to their own)

[sporket]

For humor value, sorry for the off-topic:
LEOcoin mining page:

Due to an unfortunate fork in the leocoin blockchain (which we are still investigating), the pool experienced a downtime. Everything has been restored to normal, we even took the opportunity to upgrade our pool.

Whoa!  Almost as bad as that time they had to shut down Bitcoin & reverse some irreversible transactions.  https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/
Guess some of Bitcoin's dicey spaghetti code made it into LEOCoin

>fork in the leocoin blockchain (which we are still investigating)

Hax0rd by Bitcoiners.

[JorgeStolfi]

thank you for pointing out how bitcoin is better investment, no wonder that bitcoin price rises today

LEOcon LEOcoin is obviously, how should we say, an investment that, as implied by the previous achievements of the principals, may see rather radical price volatility in some not-to-distant future, followed by an unbounded period of absolute stability.

[ChartBuddy]

Coin
Explanation

[sporket]

*Irrelevant post*

DUDE, gtfo with your shilly coin. LOL. Nobody gives a flip.

As I've pointed out before, no one gave a flip about Bitcoin either.  Until they did.  And then didn't again.
LEOCoiners have no beef with you Bitcoiners, we realize it's hard to let go of a dying tech which once held so much promise.

Happy Easter!

[WeltMaster]

On the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:

In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the “$15.13″ value from the previous trade seems to “stick”; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the “Money” spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.

[sporket]

...
thank you for pointing out how bitcoin is better investment ...

Not sure about that.
Is it better to have a tooth pulled slowly, in fits & starts?  Or right away & all at once?
Serious question.

[WeltMaster]

I did lock some profits in 230 range just to open another position, yes.  

besides, you are talking to a strong and patient hand here. I am not falling into this. Might bring some additional ammo to bitfinex, because obvious trap is obvious.  

Holy shit, trolls coming out full force just because we're back at the $240 range. We were here last month, and there was much less FUDing then. Oh, well, I guess a (sharp? could 8% in one day be considered sharp?) decline to $240 makes them harder (or moistens them up more) than a steady uptrend to $240.
Bears have their days, bulls have their days (funny how the beartrolls are much more vile), I'm just gonna sit on my bitcoins and see what happens.

They're not beartrolls, they're day traders.  They're buying while everyone else is panic selling.  Then they'll pump again and make their 10%.

Wash, rinse, repeat.

I am not buying this shit any time soon.

nice little bull trap.

220 soon?

Sure buddy

[shanecoins]

yawn

[BlatchMajorBitstaff]

yawn

Bored? Come by for a visit! There's pie

https://bitcointalk.org/index.php?topic=999262.msg10991033#msg10991033