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

[umhhppp]

most probable explanation: a coordinated chinese attack to trigger stop-loss-margin-calls.

I agree with you about goal to trigger some stop-loss margin calls, but such dumping does not need to be characterized as either an "attack" nor "chinese."  

agreed, but it seems like some planned/coordinated attack to shake out some weak hands or to destroy some margins.

the only question is, to what purpose?

preparing for a takeoff?

The price is not good enough (not high enough) ... people are not selling, the volumes are unpleasing... There needs to be more confidence created... So basically they dump so they can buy a bit cheaper... then they pump. Those that dumped and waiting will find out that they got duped and they will be forced to buy back in at a higher price... ... So... the usual bullsh!t .. but you already knew that..   .. !!!

YES!
Love anything that has Jon Snow in it!
You are the rightful king and can command us as your legion of bitcoiners!

[AZwarel]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

[DaRude]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

https://en.wikipedia.org/wiki/Arbitrage

[AZwarel]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

https://en.wikipedia.org/wiki/Arbitrage

Yes, well, that needs time to react/deposit/organize. No way, you can arbitrage in less than 30 sec, between different regions, unless you have substantial amount of deposits on different exchanges at the same time, and watching/running bots, and still, that would only be reactionary, not preemptive.

[BitUsher]

Yes, well, that needs time to react/deposit/organize. No way, you can arbitrage in less than 30 sec, between different regions, unless you have substantial amount of deposits on different exchanges at the same time, and watching/running bots, and still, that would only be reactionary, not preemptive.

How can you tell the difference between a bot reaction and predetermined action when they can react instantly?

[mymenace]

ok, anyone mind explain what the fuck is going on?

no fckn idea

testing the market to see if there can be some cheaper coins bought

a ploy used by large traders to scare the market, often seen in early days of BTC trading

look at the walls to see if the sell side is built up, large traders implement a fake wall

next is to hope the market scares more

get buddies in at cheaper price and buy up again

congratulate each other, suck dick and do it again




BTC WALL

bottom two charts, market depth
https://bitcoincharts.com/markets/bitstampUSD_depth.html

[mymenace]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

and your point is?    ... clear manipulation...

your pointing out something that is in every part of society - interest rates, products, services, entertainment, finance


why can't bitcoin have it as well.

are you pro manipulation or against?

[AZwarel]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

and your point is?    ... clear manipulation...

your pointing out something that is in every part of society - interest rates, products, services, entertainment, finance


why can't bitcoin have it as well.

are you pro manipulation or against?

I do not have "a point". It was just an interesting observation. Am all for manipulation, this is supposedly a free market, as long as the trades are voluntary, i do not care/mind. What was interesting, is that the supposed "seller" could make more profit, if it had not dumped everywhere at the same time and crushing the price with such volume, so obviously profit making was not the goal, but i might be wrong, and these were just faulty bots overreacting - remember, it was late Sunday evening in Europe, late afternoon in US, and around 3am in Asia, still on Sunday, not many people are awake/trading at this time? 

[ynef]

This has become a rather boring and predictable pattern, don't you think? It's funny because yesterday I was looking at the chart and thought to myself it's going down.

[Chef Ramsay]

Bullshit drop if I've ever seen one. This is going way up!

[JayJuanGee]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

You are describing too much in absolutes.  There is a decent possibility that you could be correct; however, what you assert is not obviously the case.  There are also concepts described as leading, signaling and following.  Sure, there could be some coins on each exchange that are controlled by the same folks or entities, but that is not a necessary factor in order to achieve a similar result with folks with similar agendas following the signal within minutes (as you say) of the occurrence of the dumping on the other exchanges. 

You even are bold enough to characterize the dump as "unsuccessful", but what the fuck do you know about the goals and objective of the various players?  You are purely speculating because you do not indicate that you know any of them personally (and you surely would indicate if you actually knew any of them, if you did).  Let's say hypothetically, one of the dumping entities had some kind of contract with a miner or some other holder of coins that they could purchase up to a certain quantity of coins from them off line (over the counter) (let's say up to 30k of coins) within a certain window time-period based on the BTC price at that time.  They may have manipulated prices on the exchanges with a far smaller quantity of coins in order to obtain those coins over the counter (and off the exchanges).

I guess my point is that you don't really know what is going on, even though frame the situation in kind of absolutes and in order to strongly assert that the only possibility is what you describe, which is misleading, and approaching nonsense to describe the situation in such absolute terms.

[Elwar]

If these big jumps are coming from a single Chinese exchange then that is cause for concern for anyone on that exchange.

I used to trade on Bitcoinica way back in the day when it was the only place you could margin trade. At the time I had about 700 bitcoins that I would use to do some margin trading. I started to notice that just as my short or long was about to start making money there would be one of these huge movements in the opposite direction to the point where I would get squeezed. Once or twice would be a fluke but after so many times and several other people having a similar experience I pulled the rest of my bitcoins off of there (about 4-500). A week later they got "hacked". Later on there was some talk of Zou tong's friend/colleague was manipulating the price to squeeze people's trades.

I figured those days were behind us because it would take a lot of money to move the market that much. But who knows, maybe the chinese exchanges are just changing numbers in a database to move the price. Either way, be wary of doing margin trading or keeping your money on that exchange.

[Bitcoinbro]

Bullshit drop if I've ever seen one. This is going way up!

Yes indeed just a small drop and now we going to go up high, thinking 700-750 before the next stall.
Calling on 1k in 2017 if nothing out of the ordinary happens. it's growing so much again makes me giddy

[AlexGR]

Despite the price drop after the finex hack, diff keeps increasing...


Difficulty History

Date   Difficulty   Change   Hash Rate
Sep 12 2016   225,832,872,179   2.30%   1,616,574,667 GH/s
Aug 29 2016   220,755,908,330   1.56%   1,580,232,344 GH/s
Aug 15 2016   217,375,482,757   7.67%   1,556,034,316 GH/s
Aug 02 2016   201,893,210,853   -5.43%   1,445,207,896 GH/s
Jul 18 2016   213,492,501,108   0.04%   1,528,238,850 GH/s
Jul 04 2016   213,398,925,331   1.88%   1,527,569,009 GH/s
Jun 21 2016   209,453,158,595   6.83%   1,499,324,110 GH/s
Jun 08 2016   196,061,423,940   -1.63%   1,403,462,340 GH/s


Estimated Next Difficulty:   230,216,553,681 (+1.94%)
Adjust time:   After 1993 Blocks, About 13.5 days
Hashrate(?):   1,725,597,215 GH/s

[Spaceman_Spiff]

Now that i have analyzed the time at where the selling started at different exchanges (huobi, finex, stamp), it is obviously coordinated. No way that random people start to sell on 3 major exchanges at the very same 1-3 minute time frame (21:12 UTC, on a Sunday evening, riiight). Organized dump, nothing to see here.

They probably been preparing for this for hours/days. (You need to load up btc on different exchanges, than start selling at the very same time on those exchanges, for an obvious loss i might add - i would just use an OCT service for unload large amount of btc, less hassle, better price - clear manipulation.)

https://en.wikipedia.org/wiki/Arbitrage

Yes, well, that needs time to react/deposit/organize. No way, you can arbitrage in less than 30 sec, between different regions, unless you have substantial amount of deposits on different exchanges at the same time, and watching/running bots, and still, that would only be reactionary, not preemptive.

People don't program arbitrage bots to not have them running.

[Andre#]

If these big jumps are coming from a single Chinese exchange then that is cause for concern for anyone on that exchange.

I used to trade on Bitcoinica way back in the day when it was the only place you could margin trade. At the time I had about 700 bitcoins that I would use to do some margin trading. I started to notice that just as my short or long was about to start making money there would be one of these huge movements in the opposite direction to the point where I would get squeezed. Once or twice would be a fluke but after so many times and several other people having a similar experience I pulled the rest of my bitcoins off of there (about 4-500). A week later they got "hacked". Later on there was some talk of Zou tong's friend/colleague was manipulating the price to squeeze people's trades.

I figured those days were behind us because it would take a lot of money to move the market that much. But who knows, maybe the chinese exchanges are just changing numbers in a database to move the price. Either way, be wary of doing margin trading or keeping your money on that exchange.

I'm with you. Yesterday's drop could (if no manipulation took place) only be a long squeeze. But how likely is a cascading long margin call bringing the price down 9% after 8 days of rally? You'd expect a short squeeze, not a long squeeze.

[European Central Bank]

But who knows, maybe the chinese exchanges are just changing numbers in a database to move the price.

yep. there is absolutely nothing to stop them from doing that. logic dictates that that's what they're gonna get up to.

[reddibrek]

I figured those days were behind us because it would take a lot of money to move the market that much.

There is a lot of money to be made also. It would be very foolish to think for one instant that in a totally unregulated market this stuff isn't happening, especially considering we are talking about those in charge of the tools that make this unregulated market possible.

[becoin]

I figured those days were behind us because it would take a lot of money to move the market that much.

There is a lot of money to be made also. It would be very foolish to think for one instant that in a totally unregulated market this stuff isn't happening, especially considering we are talking about those in charge of the tools that make this unregulated market possible.

It would be very foolish to think for one instant that in a totally unregulated markets this stuff isn't happening.

[toknormal]

Winky ETF news.