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

[Ezmoneyezlife]

This is it. Next bubble is on  

Trolling

He might be serious - chinese pied piper do need lemmings to dump on, thats how gooks get rich, if the whole btc community would ignore chinese shitty exchanges with wash volume - noone would get rekt from their shitty manipulations, but people dont wanna learn and give their fiat or btc to scumbags over and over again...

[1713284394]

1713284394

[freedomno1]

This is it. Next bubble is on 

Waits for it
Keeps waiting   but maybe eventually it will come back

[Fatman3001]

All that money flowing into Bitcoin is just awsome  

It's not flowing into Bitcoin.  It's flowing into businesses that make money on Bitcoiners.

Just like smart people who invest in casinos aren't investing in gambling, but rather in businesses that make money from degenerate gamblers.

Yeah, but they (Bitcoin businesses) better realize that if bitcoin becomes a passing fad and falls out of favor because price keeps getting pummeled into the ground, then they'll be out of business too before they know it.

It's like a stock exchange with only one company trading.  If the company folds, so does the exchange.

I've said a couple of times that these businesses and their investors should go together to form a BTC stabilization fund. Not to decide the price range, but to keep manipulators from destroying bitcoins utility by manipulating these violent price swings.

[Sitarow]

[Torque]

Whats up with the bids?

240 to 230 is a joke, 2k coins?

yeah, it's been like that for days.

just watch those carefully stacked bids & support in 240 range vanish once we get closer to them.

best strategy to trap more noobs.

Exactly!
1) create wash volume candle on goxobi using bots
2) wait until greedy pigs will panic follow on okgox/finex
3) place fake buy orders to ensure greedy pigs to go long
4) place shorts until target lvl (140-180$ for now i suppose)
5) take away fake buy support and create a flash crash on goxobi/okgox
6) PROFIT!!!

Gotta repost it for those desperate bulls who cannot see the manipulations.

Gotta repost it once again.

Here's the thing that you are missing.  High volume dumpers (as we saw all though 2014) are an impatient lot.  They are not going to wait very long before dumping another massive, high volume leg down.

But I think the impatient mass dumpers are gone.  Why?  Because the constant high volume dumping pretty much ended in January.  It is now mid-April, and we have been on a sideways-with-slight-upward trend ever since.  Actually the kind of normal growth you would see without said mass dumpers in the market.

And they would do better at this point to start pumping the market again.  Any more high volume dumping and this market won't recover for many many years, or maybe never.

[gentlemand]

I've said a couple of times that these businesses and their investors should go together to form a BTC stabilization fund. Not to decide the price range, but to keep manipulators from destroying bitcoins utility by manipulating these violent price swings.

That would set them up for accusations of trying to draw people into a totally rigged market. It is already, but at least we can't name those who are to blame at the moment.

The best thing they can do is build the tools to make Bitcoin an essential part of many, many more lives.

Organic and necessary buying power is what would eventually command the market. If that doesn't arrive then it's better to leave it to the hoarders and bots to die.

[Ezmoneyezlife]

Whats up with the bids?

240 to 230 is a joke, 2k coins?

yeah, it's been like that for days.

just watch those carefully stacked bids & support in 240 range vanish once we get closer to them.

best strategy to trap more noobs.

Exactly!
1) create wash volume candle on goxobi using bots
2) wait until greedy pigs will panic follow on okgox/finex
3) place fake buy orders to ensure greedy pigs to go long
4) place shorts until target lvl (140-180$ for now i suppose)
5) take away fake buy support and create a flash crash on goxobi/okgox
6) PROFIT!!!

Gotta repost it for those desperate bulls who cannot see the manipulations.

Gotta repost it once again.

Here's the thing that you are missing.  High volume dumpers (as we saw all though 2014) are an impatient lot.  They are not going to wait very long before dumping another massive, high volume leg down.

But I think the impatient mass dumpers are gone.  Why?  Because the constant high volume dumping pretty much ended in January.  It is now mid-April, and we have been on a sideways-with-slight-upward trend ever since.  Actually the kind of normal growth you would see without said mass dumpers in the market.

And they would do better at this point to start pumping the market again.  Any more high volume dumping and this market won't recover for many many years, or maybe never.

BTC market will go to the new ATH after retesting of solid support around 150$, mark my words m8. BTC is totally non-organic manipulated market, "big guys" are just accumulating btc and they are not done yet.

Meanwhile lets have a look at chinese wash volume regular shit :

[Dump3er]

Any more high volume dumping and this market won't recover for many many years, or maybe never.

And there it begins, what I was waiting for. The first small signs. But it's not done yet..more down is needed to liberate the market from all the hipsters.

Market is going into cleaning mode.

[Sitarow]

Meanwhile lets have a look at chinese wash volume regular

Some consider that a market maker.

[Fatman3001]

I've said a couple of times that these businesses and their investors should go together to form a BTC stabilization fund. Not to decide the price range, but to keep manipulators from destroying bitcoins utility by manipulating these violent price swings.

That would set them up for accusations of trying to draw people into a totally rigged market. The best thing they can do is build the tools to make Bitcoin an essential part of many, many more lives.

Organic and necessary buying power is what would eventually command the market. If that doesn't arrive then it's better to leave it to the hoarders and bots to die.

It would only be "rigged" as long as they have the clout to do so. But by the time they don't, manipulating whales shouldn't be able to set the tone either. Bitcoin is already being accused of being "rigged". Rigged to f u in your b. Not the best message if you want mainstream adoption (unless you want hipsters to adopt bitcoin).

Edit: I see you changed your post a bit while I was fumbling my fat fingers across the keyboard, but I'll just leave mine as it is and move on.

[luckygenough56]

shit's lacking steam

[derpinheimer]

Meanwhile lets have a look at chinese wash volume regular

Some consider that a market maker.

The asks rebuilt within minutes and now are even stronger. Seems like serious buy, but no big deal

[Moria843]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

[fonsie]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

They better hurry up if they would like to take cash, since some dickhead is trying to get rid of it
http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it-might-be-time-to-abolish-cash

It's only used by poor people and for privacy reasons, so the arguments to keep it are weak.

[Fatman3001]

Meanwhile lets have a look at chinese wash volume regular

Some consider that a market maker.

I have that douche (ez) on ignore, but can someone teach him some other trading related terminology than "chinese wash volume". Even the occasional repost is getting on my nerves.

[Sitarow]

Meanwhile lets have a look at chinese wash volume regular

Some consider that a market maker.

I have that douche (ez) on ignore, but can someone teach him some other trading related terminology than "chinese wash volume". Even the occasional repost is getting on my nerves.

OK

"DEFINITION OF 'MARKET MAKER'
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.

INVESTOPEDIA EXPLAINS 'MARKET MAKER'
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset."

[Fatman3001]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

I honestly think that BTC might get a hefty push upwards, both in price and profile, if clearing houses start using them in their systems. They move a ton of money at a hefty cost and are heavily incentivized to make use of bitcoin, not just "blockchain technology".

[Fatman3001]

Meanwhile lets have a look at chinese wash volume regular

Some consider that a market maker.

I have that douche (ez) on ignore, but can someone teach him some other trading related terminology than "chinese wash volume". Even the occasional repost is getting on my nerves.

OK

"DEFINITION OF 'MARKET MAKER'
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.

INVESTOPEDIA EXPLAINS 'MARKET MAKER'
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset."

Thx, let's just hope we won't get two months of "market maker" up, down and sideways now.

[Sitarow]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

I honestly think that BTC might get a hefty push upwards, both in price and profile, if clearing houses start using them in their systems. They move a ton of money at a hefty cost and are heavily incentivized to make use of bitcoin, not just "blockchain techology".

The trouble in 2013 was to build acceptable infrastructure as we had seen in FEB 2014 to meet the expected quota's. The larger block size is welcomed.

[fonsie]

dutch wash volume 1

https://www.youtube.com/watch?v=4fXKFyhRLN0

In case anybody wants to take it for a spin themselves:
https://www.youtube.com/watch?v=_2TCFaQZKFc