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

[Tabata11]

whats happening to btc
why it is crashing hardly, anyone have idea for this
i haven't seen any bad news why it is dropping -6% 

Because greedy whales want more

And the market follows

Everyone knows the best way to acquire more of something is to sell all of that something you currently possess. Catnip prices too high? Sell all your catnip and watch global catnip prices plummet. Re-buy at the bottom and own ALL the catnip. Very easy!
These whales are not so clever; WeltMaster has them all figured out!

do people do this with stocks...and is that even legal in a regulated stock market? Wouldn;t this be price manipulation?

[ChartBuddy]

Coin
Explanation

[derpinheimer]

ask side suddenly gone on finex

Agreed- first good news of the day!

Not quite. Weekly chart for better idea:

[gentlemand]

do people do this with stocks...and is that even legal in a regulated stock market? Wouldn;t this be price manipulation?

There's zero regulation pertaining to any area of the crypto market hence the hail storm of altcoins that are out to fleece people and the endless pumping and dumping for BTC.  

Forex is a better comparison. There's much less regulation for even the biggest markets compared to stocks.

[Tabata11]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

[gentlemand]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want.

[Fatman3001]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

It will be if enough people need them, regardless of whales.

[Tabata11]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want.

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

[derpinheimer]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want.

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

If there is any real demand for BTC, the price will go up. Whales cannot prevent this. So, the price is falling now from lack of demand - manipulation is only a byproduct of price action.

[JorgeStolfi]

Does anybody know if there is/was a forum where you could go 24/7 to tell pre-ipo facebook investors that their investment is a fad, because nobody would be using it, because they could meet their friends in real life or sms/call them, and tell those investors every second of the the day that somebody did not update their facebook status so it was probably dying?

Can anyone direct me to the forum where Facebook stockholders discuss how to convince their parents and friends to use Facebook, in order to prevent its share price from falling?

[WeltMaster]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want.

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

They probably already are.

Right now they're accumulating

[gentlemand]

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

I've no idea. If you're talking about them running an exchange, they would be duty bound to provide real time market prices and the correct orders. No one really knows what goes on in the present exchanges. They could be front running client orders, operating fractional reserves, feeding fake info.

I'm sure many are run by upstanding citizens but there's nothing at all to stop them milking everything left, right and centre.

[derpinheimer]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want.

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

They probably already are.

Right now they're accumulating

I can't even.

[Dump3er]

wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...

IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!

Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want.

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

If there is any real demand for BTC, the price will go up. Whales cannot prevent this. So, the price is falling now from lack of demand - manipulation is only a byproduct of price action.

Why only bears understand the market mechanisms? Or is it that they are bearish since they understand it?  

[Tabata11]

So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket?

I've no idea. If you're talking about them running an exchange, they would be duty bound to provide real time market prices and the correct orders. No one really knows what goes on in the present exchanges. They could be front running client orders, operating fractional reserves, feeding fake info.

I'm sure many are run by upstanding citizens but there's nothing at all to stop them milking everything left, right and centre.

wow,

so these exchanges can post fake sell/buy orders that seem like a whale is selling/buying the coins even when there isn't an actual trade?

[12345mm]

whats happening to btc
why it is crashing hardly, anyone have idea for this
i haven't seen any bad news why it is dropping -6%  

(it's a currently valued at less than $3B cap "currency" with worldwide combined books containing legitimate fiat funds of probably less than $50M total so let's call it 50:1 at best for a value to actual money ratio aka bad , so even the big holders only 1/50 gets to cash out when *the* collapse occurs ... there's 1000 people with combined millions of coins aka the top of the pyramid architects/early miners/pyramid participants and they got all those coins basically for free just by running a piece of software on their laptops so now they can dump indefinitely and make guaranteed $$$ from shorting in the process , as well as continually re-buying lower and continuing to dump if desired ... also there's 3600 coins produced daily mostly by industrial miners which by itself is too much for the market to handle if they were all being sold continuously ... also there's give or take 1,000,000 stolen bitcoins floating around the internet out of the 14,000,000 supply , which may or may not have been already dumped and those are also kind of "free" in that they were stolen ... add to that the likelihood of the entire price history of bitcoin having been dictated by the fraudulent exchange mtgox , which was the only bitcoin exchange for years and years from the beginning and cooked it's books to the tune of billions of dollars and the chart history from pennies to 1200 to now cannot be trusted whatsoever until after they collapsed , and since they collapsed it's been nothing but down , indicating complete lack of genuine adequate support at *any* price since the ATH ... toss in lack of transparency or regulation of any kind for the existing exchanges so it's fairly likely at least a few are actively insider trading/rigging the market/pulling a mtgox ... fuck ... take your pick as to why it's going down ... it goes up only if major $ comes in and buys millions worth in a matter of hours to force the price up / when exchanges use false money or existing customer funds to force the price up through illegal insider trading)

[gentlemand]

wow,

so these exchanges can post fake sell/buy orders that seem like a whale is selling/buying the coins even when there isn't an actual trade?

It could well be possible. Or you could keep an eye on large amounts being deposited by customers and trade against them the moment they hit the button.

Look into the history of Mt Gox if you haven't. There's strong evidence that there was an internal bot that was buying coins with non existent dollars. It carried on buying happily even when the site had supposedly crashed.

[coins101]

$222 to $223.

Moon 

[inca]

whats happening to btc
why it is crashing hardly, anyone have idea for this
i haven't seen any bad news why it is dropping -6%  

(it's a currently valued at less than $3B cap "currency" with worldwide combined books containing legitimate fiat funds of probably less than $50M total so let's call it 50:1 at best for a value to actual money ratio aka bad , so even the big holders only 1/50 gets to cash out when *the* collapse occurs ... there's 1000 people with combined millions of coins aka the top of the pyramid architects/early miners/pyramid participants and they got all those coins basically for free just by running a piece of software on their laptops so now they can dump indefinitely and make guaranteed $$$ from shorting in the process , as well as continually re-buying lower and continuing to dump if desired ... also there's 3600 coins produced daily mostly by industrial miners which by itself is too much for the market to handle if they were all being sold continuously ... also there's give or take 1,000,000 stolen bitcoins floating around the internet out of the 14,000,000 supply , which may or may not have been already dumped and those are also kind of "free" in that they were stolen ... add to that the likelihood of the entire price history of bitcoin having been dictated by the fraudulent exchange mtgox , which was the only bitcoin exchange for years and years from the beginning and cooked it's books to the tune of billions of dollars and the chart history from pennies to 1200 to now cannot be trusted whatsoever until after they collapsed , and since they collapsed it's been nothing but down , indicating complete lack of genuine adequate support at *any* price since the ATH ... toss in lack of transparency or regulation of any kind for the existing exchanges so it's fairly likely at least a few are actively insider trading/rigging the market/pulling a mtgox ... fuck ... take your pick as to why it's going down ... it goes up only if major $ comes in and buys millions worth in a matter of hours to force the price up / when exchanges use false money or existing customer funds to force the price up through illegal insider trading)

Use the enter key!

[gentlemand]

Weren't there a bunch of bidders for the last round of sl coins? Where are they now?

Spending heavily on dark markets to cheer themselves up?