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

[micalith]

Morning bitcoin maddness. Bloody typical. Just as I decide to grow balls and wait for another big dump, this happens!

[samson]

I hear BTC being sold...

Will the current price hold without our good friend wallzila?

hehe .. thats why i'm not buying  this all feels too manipulated to me.

This kind of blatant manipulation only encourages me to withdraw more USD from the exchanges.

I'm thinking of this as a kind of attack against crypto currencies.

If someone was hired and funded by a government and asked to do their best to destabilise and potentially collapse Bitcoin and other crypto currencies in general this is exactly how someone could do it and accumulate Bitcoin for future moves while doing so.

Destabilisation to the point where people don't know what's going on or have any idea what to expect will deter serious investors from getting involved.

I'm not saying this is a 'state actor' but it makes sense that this would be one method of attack by a well funded enemy of Bitcoin.

I'm thinking that this kind of large scale manipulation could pave the way for further regulation and open up exchanges to legal problems under different laws to the existing ones which are being applied right now.

I wonder if anyone who knows much about Japanese legislation and how uncontrolled potentially preventable manipulation on this scale would apply to MtGox. I have to wonder if someone's engineering a situation which could open up new avenues of legal action.

[ft73]

Good morning.

Hmmm.
This is gonna hurt.

[ChartBuddy]

[Rampion]

Feeling playful lately. Bought some on the way up at $101ish due to move up backed up by volume, sold at $108.5

I don't expect BTC breaking $115 before crashing again.

[ft73]

I don't expect BTC breaking $115 before crashing again.

So i'm not the only one.
Probably not even 112.
We'll see.

[wonkytonky]

I hear BTC being sold...

Will the current price hold without our good friend wallzila?

hehe .. thats why i'm not buying  this all feels too manipulated to me.

This kind of blatant manipulation only encourages me to withdraw more USD from the exchanges.

I'm thinking of this as a kind of attack against crypto currencies.

If someone was hired and funded by a government and asked to do their best to destabilise and potentially collapse Bitcoin and other crypto currencies in general this is exactly how someone could do it and accumulate Bitcoin for future moves while doing so.

Destabilisation to the point where people don't know what's going on or have any idea what to expect will deter serious investors from getting involved.

I'm not saying this is a 'state actor' but it makes sense that this would be one method of attack by a well funded enemy of Bitcoin.

I'm thinking that this kind of large scale manipulation could pave the way for further regulation and open up exchanges to legal problems under different laws to the existing ones which are being applied right now.

I wonder if anyone who knows much about Japanese legislation and how uncontrolled potentially preventable manipulation on this scale would apply to MtGox. I have to wonder if someone's engineering a situation which could open up new avenues of legal action.

on the other hand.. these are big opportunities for other  big players to join the game.. since it's so easy to manipulate and make big profits 

free market will set itself back on track ..    thats what I believe..   

there's enough btc out there to eat big manipulators whatever amount they bring..  at some point they need to buy btc to push prices down with a ask wall so..  if you have a lot of btc and want to cash out .. thats an opportunity.

i noticed too that 8k wazillza at some point didnt move price.. ppl where like.. fuck it.  .. so they can manipulate of course but there always that line where people are fed up with it.

i'm sure with the last rally up from yesterday and today.. .. if wazilla shows up .. some panic silling wil happen.; and much more as usual since there are bigger volumes involved..   so there's an opportunity to buy in low.     

I personaly dont think it's government people behind the manipuation, they could crash the price anyday.. with a few 100 millions.. not that big of an amount i think for even a small country.

happy trading

[SGExodus]

People are just selling some of those $90 coins for quick profit.

Even the $100 coins is a quick 7% profit now.

The next big dump will resume next weekend lol

[wonkytonky]

People are just selling some of those $90 coins for quick profit.

Even the $100 coins is a quick 7% profit now.

The next big dump will resume next weekend lol

is there any other service out there then bifinex (they stoped working with gox due to dwolla stuff etc.. ) to short on gox?
massive opportunity

[Coinseeker]

[ft73]

People are just selling some of those $90 coins for quick profit.

Even the $100 coins is a quick 7% profit now.

The next big dump will resume next weekend lol

Not so sure.

[Its About Sharing]

I hear BTC being sold...

Will the current price hold without our good friend wallzila?

hehe .. thats why i'm not buying  this all feels too manipulated to me.

This kind of blatant manipulation only encourages me to withdraw more USD from the exchanges.

I'm thinking of this as a kind of attack against crypto currencies.

If someone was hired and funded by a government and asked to do their best to destabilise and potentially collapse Bitcoin and other crypto currencies in general this is exactly how someone could do it and accumulate Bitcoin for future moves while doing so.

Destabilisation to the point where people don't know what's going on or have any idea what to expect will deter serious investors from getting involved.

I'm not saying this is a 'state actor' but it makes sense that this would be one method of attack by a well funded enemy of Bitcoin.

I'm thinking that this kind of large scale manipulation could pave the way for further regulation and open up exchanges to legal problems under different laws to the existing ones which are being applied right now.

I wonder if anyone who knows much about Japanese legislation and how uncontrolled potentially preventable manipulation on this scale would apply to MtGox. I have to wonder if someone's engineering a situation which could open up new avenues of legal action.

I've wondered if companies like Trade Hill ($10,000 accounts on up and I think offline buys/sells) might do more harm than good considering your statements.
That said, once the liquidity is here (lots of buying and selling) the large dumps will be bought up and won't crash the price. We are a few years from that. But if
we get more companies using BTC's then that liquidity would start to appear. We are really still in the early stages.

Don't forget, we are an anti-fragile technology (see my sig.)

[ChartBuddy]

[sarc]

18 day trend (starting 24/5/2013, just before the reversal):

[Jaroslaw]

wow, its nice price to dump some coins

[Its About Sharing]

wow, its nice price to dump some coins

The only 3 ignored users here with noticeable dark ignore buttons are:
Jaroslaw
Coinseeker
Chartbuddy

Riddle - One of them is our friend. Which one? 

[rezurect]

The only 3 ignored users here with noticeable dark ignore buttons are:
Jaroslaw
Coinseeker
Chartbuddy

Riddle - One of them is our friend. Which one?  

Just noticed that.
Bot better than human here.

Wish the forum had a auto partial page refresh, appending only new posts instead having to manually reloading entire pages.
Ajax. Google style.

[ShroomsKit]

wow, its nice price to dump some coins

The only 3 ignored users here with noticeable dark ignore buttons are:
Jaroslaw
Coinseeker
Chartbuddy

Riddle - One of them is our friend. Which one? 

I just put him on ignore as well 

[ShroomsKit]

Feeling playful lately. Bought some on the way up at $101ish due to move up backed up by volume, sold at $108.5

I don't expect BTC breaking $115 before crashing again.

I'm afraid you're right.

[ChartBuddy]