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

[ChartBuddy]

Coin

Explanation

[yefi]

It is now quite clear that this latest huge P & D was orchestrated by the USMS to ensure they got the maximum value out of the auction. Now that the auction is over, down we go! Thank goodness they have no more "seized" bitcoins to sell. Hopefully we will now see Bitcoin steadying itself.

This is actually probably the least likely of all possible explanations. 

Seems like an insane coincidence that this happened the very moment the auction closed..... why is this the least likely explanation?

Except it didn't.

[GGALINff]

why wouldn't the price be manipulated?  it's a relatively thinly traded asset with big profit potential...of course it will be manipulated

[Cconvert2G36]

It is now quite clear that this latest huge P & D was orchestrated by the USMS to ensure they got the maximum value out of the auction. Now that the auction is over, down we go! Thank goodness they have no more "seized" bitcoins to sell. Hopefully we will now see Bitcoin steadying itself.

This is actually probably the least likely of all possible explanations. 

Seems like an insane coincidence that this happened the very moment the auction closed..... why is this the least likely explanation?

The unlikely part is the USG giving a damn about making an extra million or two on an auction. The same organization takes in 2.6 trillion $ in revenue per year, and this blowoff top required much more than a million or two $ for fuel.

It's slightly more plausible that (part of) the market wanted them to pay more for the coins, thus making them less inclined to dump them on the open market.

IMO this has much more to do with MMM demand sparking dreams of a new bubble which was fueled further by people not wanting to miss out on it. The market then dumped many 10's of thousands of coins on their heads to disabuse them of this notion. While completely wiping out shorts on the way up, and slaughtering overambitious margin longs on the way back down.

[ChartBuddy]

Coin

Explanation

[marcus_of_augustus]

The report concludes that worldwide, private financial wealth of between $21 trillion and $32 trillion is located in secretive locations around the world, where it is either untaxed or lightly taxed.

opportunity knocks ... killer app?

http://www.thelocal.ch/20151103/swiss-remains-on-top-for-financial-secrecy

[Cconvert2G36]

The report concludes that worldwide, private financial wealth of between $21 trillion and $32 trillion is located in secretive locations around the world, where it is either untaxed or lightly taxed.

opportunity knocks ... killer app?

http://www.thelocal.ch/20151103/swiss-remains-on-top-for-financial-secrecy

"Just not tonight, dear."

[galdur]

The report concludes that worldwide, private financial wealth of between $21 trillion and $32 trillion is located in secretive locations around the world, where it is either untaxed or lightly taxed.

opportunity knocks ... killer app?

http://www.thelocal.ch/20151103/swiss-remains-on-top-for-financial-secrecy

Well, that´s like 6000 times the value of all bitcoins in existence so they´ll probably come up with some very creative spin to smear it on bitcoin. Like it´s supposed to be so popular with criminals and terrorists, remember?

[marcus_of_augustus]

The report concludes that worldwide, private financial wealth of between $21 trillion and $32 trillion is located in secretive locations around the world, where it is either untaxed or lightly taxed.

opportunity knocks ... killer app?

http://www.thelocal.ch/20151103/swiss-remains-on-top-for-financial-secrecy

Well, that´s like 6000 times the value of all bitcoins in existence so they´ll probably come up with some very creative spin to smear it on bitcoin. Like it´s supposed to be so popular with criminals and terrorists, remember?

well it is ... wall st. is all over it, biggest criminals and terrorizers on the planet.

[galdur]

The report concludes that worldwide, private financial wealth of between $21 trillion and $32 trillion is located in secretive locations around the world, where it is either untaxed or lightly taxed.

opportunity knocks ... killer app?

http://www.thelocal.ch/20151103/swiss-remains-on-top-for-financial-secrecy

Well, that´s like 6000 times the value of all bitcoins in existence so they´ll probably come up with some very creative spin to smear it on bitcoin. Like it´s supposed to be so popular with criminals and terrorists, remember?

well it is ... wall st. is all over it, biggest criminals and terrorizers on the planet.

If it had any meaningful part in criminal transfers of funds it wouldn´t have a market cap of a paltry 5 billion dollars. In Wall St./Forex terms this is barely pocket lint.

[marcus_of_augustus]

The report concludes that worldwide, private financial wealth of between $21 trillion and $32 trillion is located in secretive locations around the world, where it is either untaxed or lightly taxed.

opportunity knocks ... killer app?

http://www.thelocal.ch/20151103/swiss-remains-on-top-for-financial-secrecy

"Just not tonight, dear."

good one, it sounds familiar, like:

patience is a virtue
and
imitation is the sincerest form of flattery.

[ChartBuddy]

Coin

Explanation

[Cconvert2G36]

Lots of 100 coin orders on bearstamp without corresponding movements.

Anybody want to panic sell 1000 coins down to $320 finex?

[mymenace]

why wouldn't the price be manipulated?  it's a relatively thinly traded asset with big profit potential...of course it will be manipulated

too right, just like every other market out there, it would be insane to think the illegalities and manipulation within the current financial systems would not be applied to bitcoin

buy the dip, ride the wave, sell the highs, cowabunga!!

[ChartBuddy]

Coin

Explanation

[Mervyn_Pumpkinhead]

Increased my position into LTC, PPC, NMC to 60%.

[Cconvert2G36]

Increased my position into LTC, PPC, NMC to 60%.

No BBQcoin?

[Mervyn_Pumpkinhead]

Increased my position into LTC, PPC, NMC to 60%.

No BBQcoin?

Sounds tasty, but no thank you.

[Holliday]

[peonminer]

Lots of 100 coin orders on bearstamp without corresponding movements.

Anybody want to panic sell 1000 coins down to $320 finex?

Panic sell down to 270 Watch this bull trap screw everyone for the weekend lulz