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

[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)

[1714116443]

1714116443

[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?

[Odalv]

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

how many coins do you have to own to be considered as a "whale" ?

1,000,000 BTC

edit:
or $1,000,000,000 USD

[SkyValeey]

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!!

[12345mm]

*sigh* ... fixed it ... *you're welcome* 

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 ...

[Tabata11]

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.

Where can I trade my coins without depositing it into my bank or other form?

Is there an exchange where I can sell my coins and get funds to buy right away?

[JorgeStolfi]

You can't arrest people for running inferior Linux.

The article says "an operating system designed for use by hackers".  That can only be Windows. 

[gentlemand]

Is there an exchange where I can sell my coins and get funds to buy right away?

All of them. That's what they're for. Choose one with high liquidity though or you might wait a long time to sell.

[Ezmoneyezlife]

Time to get bulltrapped folks, dont miss an opportunity to get rekt before sub 200$

[Tabata11]

Is there an exchange where I can sell my coins and get funds to buy right away?

All of them. That's what they're for. Choose one with high liquidity though or you might wait a long time to sell.

which one do you suggest using? bitstamp?

[gentlemand]

which one do you suggest using? bitstamp?

The Chinese exchanges have the figures but it depends on whether you want to eventually withdraw fiat. If you're into Euros Kraken is the biggest. Bitfinex is the busiest these days for dollars. Bitstamp is quieter than it used to be.

What are you aiming for by selling your coins? Trading or just cashing out?

[Wings1987]

Interesting bot running on Finex. Is continually topping off buy order at 226.00 at 100 BTC and now moved up to 110 BTC.

Stopped all together after 5 mins. Never noticed something like that before. Probably just haven't watched long enough.

[damiano]

Dumping done for the day?

[Cconvert2G36]

Interesting bot running on Finex. Is continually topping off buy order at 226.00 at 100 BTC and now moved up to 110 BTC.

Stopped all together after 5 mins. Never noticed something like that before. Probably just haven't watched long enough.

Looks like it went stealth.

[EpStROM]

Dumping done for the day?

I'm waiting for the pump, bring it on. 

[Wandererfromthenorth]

Brace yourselves, bulltraps and dead cat bounces are coming.

[derpinheimer]

Well, the dumping sure has came to a standstill. Bidsum rising, ask sum dipping. Nothing major yet, but interesting nonetheless.