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

[JimboToronto]

Obviously "someone" doesn't want the price of bitcoin to soar and is willing to sacrifice  fair amount of money to try to stop it from happening.

Maybe.... or maybe each new local maxima teases out another burst of profit taking?

Maybe, but it seems strange that the largest volumes always seem to be either huge dumps through a range of staggered bids immediately following new highs, or buys of huge monolithic ask walls seemingly intended for intimidation.

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 21 more days!

Reward drop ETA: Sun, 10 Jul 2016 04:28:58 GMT

[bitebits]

Just got home but I see that while I was away we hit yet another 2 year high.

In typical fashion "someone" felt the need to frantically dump it down to try to kill the rally. Seems to happen every time we reach a new high.

We saw it when we first broke $550, again at $590, then at $719, yesterday at $777, and today at $789.

Obviously "someone" doesn't want the price of bitcoin to soar and is willing to sacrifice  fair amount of money to try to stop it from happening.

I'm not a conspiracy theorist but I'm not a conspiracy denier either. It's enough to have me considering the validity of the "J.T. Borgan" extinguisher rumors.

Whoever it is, they're spending a pretty penny to fight what appears to be a losing battle.

To be honest I think we should be thankful for that. What is the advantage of a quickly inflated bubble?

We are not being dumped back into the 500's either. It seems to me that these market makers at least attempt making this a more controlled growth (as far as that is possible in Bitcoin, the market cap is still way too small to not be highly volatile).

[inca]

Just got home but I see that while I was away we hit yet another 2 year high.

In typical fashion "someone" felt the need to frantically dump it down to try to kill the rally. Seems to happen every time we reach a new high.

We saw it when we first broke $550, again at $590, then at $719, yesterday at $777, and today at $789.

Obviously "someone" doesn't want the price of bitcoin to soar and is willing to sacrifice  fair amount of money to try to stop it from happening.

I'm not a conspiracy theorist but I'm not a conspiracy denier either. It's enough to have me considering the validity of the "J.T. Borgan" extinguisher rumors.

Whoever it is, they're spending a pretty penny to fight what appears to be a losing battle.

To be honest I think we should be thankful for that. What is the advantage of a quickly inflated bubble?

We are not being dumped back into the 500's either. It seems to me that these market makers at least attempt making this a more controlled growth (as far as that is possible in Bitcoin, the market cap is still way too small to not be highly volatile).

It would be highly surprising if we don't experience a bullish correction during this rally. I have the top at 789.78 on finex. We are hovering in the 750's.

I have bids at ~614 (50%) and ~572 (61.8%). They may not get hit which is fine. No one ever went bankrupt taking profit. Keeping a close eye in case i have to pile back in :-)

[TERA]

I'm really curious about how people think there's some kind of conspiracy to hold down the price via trading activity. I mean: How is that even possible? In order to sell coins and lower the price, you had to buy the coins and raise the price first, so it cancels out. If you try to buy and sell at weird times, there are probably going to be traders waiting to take the other side. Not to mention you are losing money in the process. Some people think it can be done if the right amount of sacrifice is made in lost money... I think that lost money is just going to profit traders and increase the money in btc.

[yui]

We hold hand and glide into CNY10 000

[JayJuanGee]

Just got home but I see that while I was away we hit yet another 2 year high.

In typical fashion "someone" felt the need to frantically dump it down to try to kill the rally. Seems to happen every time we reach a new high.

We saw it when we first broke $550, again at $590, then at $719, yesterday at $777, and today at $789.

Obviously "someone" doesn't want the price of bitcoin to soar and is willing to sacrifice  fair amount of money to try to stop it from happening.

I'm not a conspiracy theorist but I'm not a conspiracy denier either. It's enough to have me considering the validity of the "J.T. Borgan" extinguisher rumors.

Whoever it is, they're spending a pretty penny to fight what appears to be a losing battle.

To be honest I think we should be thankful for that. What is the advantage of a quickly inflated bubble?

We are not being dumped back into the 500's either. It seems to me that these market makers at least attempt making this a more controlled growth (as far as that is possible in Bitcoin, the market cap is still way too small to not be highly volatile).

It would be highly surprising if we don't experience a bullish correction during this rally. I have the top at 789.78 on finex. We are hovering in the 750's.

I have bids at ~614 (50%) and ~572 (61.8%). They may not get hit which is fine. No one ever went bankrupt taking profit. Keeping a close eye in case i have to pile back in :-)

I wouldn't personally be comfortable taking any more than 10 or 15 % out of my BTC investment fund in this price range, but that is just me, i suppose.  How much have you taken out?  100%? 75%? or some other amount?

[savetherainforest]

A pump followed by a bigger pump less than a couple of hours?

What is happening?

Whale warring each other?

Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.

Nonsense. 


The one whale theory is total baloney, but you keep on with it for months and months and months...

do you really believe such nonsense?  Is there actually any evidence or logic for such an extraordinary claim?  Remember the saying that extraordinary claims require extraordinary evidence... ?  Where is it?

The thing is ... that there is a "whale" ... but .. it is not a person!

It is an entity / company / group of people / communist party ... that have between 80.000BTC - 150.000BTC coins!

And they work 24/7 in 3-4 shifts maybe.

Do you imagine just dropping dumps then leaving the poker table? ... Someone must stay behind and level the plain, to keep things afloat! ... till the next time the "whale" comes to pump & dump!

[JayJuanGee]

A pump followed by a bigger pump less than a couple of hours?

What is happening?

Whale warring each other?

Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.

Nonsense. 


The one whale theory is total baloney, but you keep on with it for months and months and months...

do you really believe such nonsense?  Is there actually any evidence or logic for such an extraordinary claim?  Remember the saying that extraordinary claims require extraordinary evidence... ?  Where is it?

The thing is ... that there is a "whale" ... but .. it is not a person!

It is an entity / company / group of people / communist party ... that have between 80.000BTC - 150.000BTC coins!

And they work 24/7 in 3-4 shifts maybe.

Do you imagine just dropping dumps then leaving the poker table? ... Someone must stay behind and level the plain, to keep things afloat! ... till the next time the "whale" comes to pump & dump!

Maybe you are making fun, here?   But,I sense that the bitcoin space is expanding and there are various competing whales.. sure sometimes, there may be some coordinated success and signaling... yet I believe that the actors are fairly complex and diversified and sometimes work together and sometimes compete, and there are so many exchanges, too that can cause signaling and leading and following.

[savetherainforest]

Maybe you are making fun, here?   But,I sense that the bitcoin space is expanding and there are various competing whales.. sure sometimes, there may be some coordinated success and signaling... yet I believe that the actors are fairly complex and diversified and sometimes work together and sometimes compete, and there are so many exchanges, too that can cause signaling and leading and following.

I'm keeping my eye on the exchanges ... and when China moves, the rest follow. The volumes seem to be "scared/affraid" in The West ... they always wait China to make the first step.

The West needs a market opening for BTC ... to have more confidence or determination to lead the global price of things!

And with China ... I don't really know if they are against each other in a competition. But I do know there is some kind of cartel... Imagine those miners doing more than they need... what do you think they will do with the surplus? They will try and increase the price to increase productivity! Its the only way to increase profits!!! By pumping the price!

[Torque]

A pump followed by a bigger pump less than a couple of hours?

What is happening?

Whale warring each other?

Well when you're the only whale in the market, essentially dumping into your own bid walls, it's easy.

Nonsense.  


The one whale theory is total baloney, but you keep on with it for months and months and months...

do you really believe such nonsense?  Is there actually any evidence or logic for such an extraordinary claim?  Remember the saying that extraordinary claims require extraordinary evidence... ?  Where is it?

The thing is ... that there is a "whale" ... but .. it is not a person!

It is an entity / company / group of people / communist party ... that have between 80.000BTC - 150.000BTC coins!

And they work 24/7 in 3-4 shifts maybe.

Do you imagine just dropping dumps then leaving the poker table? ... Someone must stay behind and level the plain, to keep things afloat! ... till the next time the "whale" comes to pump & dump!

This x 1000.  It may be a conspiracy theory to many, but I believe it is completely plausible, especially if such a whale group was formed in the early days of Bitcoin.  They could have accounts open on every exchange, and work together 24/7.  They could write a bunch of coordinated bots on every exchange that work together. Not to mention if they have way more funding to back them than what is currently in the exchange markets, then they will control each and every local market. They would be able to control the rise and timing of bitcoin fairly precisely.  And if they are connecting to powerful/wealthy people, then they will have insider trading knowledge/info many months or years ahead of the public, and will be able to time pumps/dumps on major news announcements.

And no, of course there's really no way to provide proof of such.  Just like there is no definitive proof that the Russian Mob is behind the U.S. Stock market (and every other major world market). So let's all just stick our heads back in the sand keep saying its the Chinese that are pulling all the strings and providing all the volume, 'cause that's what you all want to believe.  

[savetherainforest]

Some weird stuff is happening in China now ... they are "baiting" ... a new pump in probably a few hours!

[USB-S]

more high quality tits on bitcoin for price increase!

[Tzupy]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

[Ted E. Bare]

You do realize this is double top, and is usually quite bearish?

YOU are quite bearish, Tzupy.

[noobtrader]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

surely they were not trader...  

btw price has rises alot this week, i think it will cool down for few days.  

[savetherainforest]

more high quality tits on bitcoin for price increase!

Name of the girl? .. I'm gonna "buy" her when BTCitcoin reaches moon!

Edit*

... Oh .. found her! ... the link in the .gif is actually her own advertising... 

[USB-S]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system.

[machasm]

more high quality tits on bitcoin for price increase!

NSFW image.

Name of the girl? .. I'm gonna "buy" her when BTCitcoin reaches moon!

Edit*

... Oh .. found her! ... the link in the .gif is actually her own advertising...  

Someone should tell her to accept BTC.

[savetherainforest]

more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?

Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system.

Quote of the F'ing Year!

"Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system."


... But this made me thinking ... What happens with the useless fiat dumped on the exchanges???

Where is it reinvested?? ... Because if Fiat will devalue drastically on a global scale ... the exchanges will not have any leverage!

I don't think they will allow themselves being left holding the bag ....