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

[hlynur]

Isn't this still just the ASIC manufacturers selling off their coin. They can't allow it to drop too low or they'll kill their profit margin.

thought about that too. best way to avoid too much slippage

[Dalib]

wall 2 wall 

[blackreplica]

wall 2 wall 

Bid wall wins!

[Its About Sharing]

Panic buying start now!  

Nope not yet, the big wall just got pulled LOL

Yeah, that was a failed manipulation up if there ever was one...

Looked damned successful. Within seconds the price went up $2.5. Had he not pulled the walls, we would be higher.

Very successful manipulation. The purpose? Who knows.

No, I mean buying 2500 bitcoins and then putting a bid wall up and then... crickets.

He never bought 2500.
 You really think all of those small buys were him? There werent even 2.5k of buys.

I thought it might have been the same person due to the timing of it. Looked like around 2.5k of buys on Moody, but I was just using the mouse to line up the volume.

[Kazu]

Ask wall pulled up we go

[gandhibt]

Was this the hammer manipulation? https://bitcointalk.org/index.php?topic=60501.msg736626#msg736626

Was wallzilla buying bids from front of the wall?

The walls were large enough that it looked like it was likely it would have been the hammer, but they only stayed up for a few minutes before being pulled, so no.

Thanks for the info.

[WeltMaster]

Nom nom, down we go! weeee

[Ultraviolet]

The problem with buying right now is that wall at $80 was tested and was neither bought through nor was it pulled. Market is too scared of dumps for real upward movement. Plus, if you ship the price back to $90 how are you ever going to trigger fear and capitulation and collection tens and tens of thousands of coins sub $50-40-30?

[Kazu]

NVM tons of sell market orders lol.

[barbs]

WOW instantly eating, nice work whoever that was

[dexX7]

Big news for Germany!

Die vielen Monate der Vorbereitung scheinen sich gelohnt zu haben... Denn: wir durften endlich den Vertrag mit unserem Bank-Partner unterschreiben! :-) Voraussichtlich am Mittwoch Nachmittag dürfen wir erzählen wer unser Bankpartner werden wird. Erfreuliche Neuigkeiten: es wird nun wohl doch KEINE Handelspause für unsere ausländischen Kunden geben. Weitere Infos zur Kooperation kommen am Mittwoch im Laufe des Tages!

https://www.bitcoin.de/de

They teamed up with a German bank and will announce the name of that bank tomorrow. Contract is signed already.

I guess they turn into a full blown exchange soon instead of their current state as "Bitcoin eBay".

[Its About Sharing]

And there goes a sell of around 1500 or so...

[Its About Sharing]

The problem with buying right now is that wall at $80 was tested and was neither bought through nor was it pulled. Market is too scared of dumps for real upward movement. Plus, if you ship the price back to $90 how are you ever going to trigger fear and capitulation and collection tens and tens of thousands of coins sub $50-40-30?

Agreed and well said.

[samson]

Big news for Germany!

Die vielen Monate der Vorbereitung scheinen sich gelohnt zu haben... Denn: wir durften endlich den Vertrag mit unserem Bank-Partner unterschreiben! :-) Voraussichtlich am Mittwoch Nachmittag dürfen wir erzählen wer unser Bankpartner werden wird. Erfreuliche Neuigkeiten: es wird nun wohl doch KEINE Handelspause für unsere ausländischen Kunden geben. Weitere Infos zur Kooperation kommen am Mittwoch im Laufe des Tages!

https://www.bitcoin.de/de

They teamed up with a German bank and will announce the name of that bank tomorrow. Contract is signed now.

I guess they turn into a full blown exchange soon instead of their current state as "Bitcoin eBay".

Bitcoin Central is coming back soon as well.

[blackreplica]

That bid wall got eaten in minutes....thats why if i was a whale I would be deathly afraid of trying to manipulate prices upwards with a bid wall near market price. The risk of them getting eaten is ridiculously high right now

[Coinseeker]

Actually surprised the wall at 75 lasted that long. Too tempting with low slippage. If anyone had any doubts on which direction the market is going, that should have ended it.

[Its About Sharing]

Big news for Germany!

Die vielen Monate der Vorbereitung scheinen sich gelohnt zu haben... Denn: wir durften endlich den Vertrag mit unserem Bank-Partner unterschreiben! :-) Voraussichtlich am Mittwoch Nachmittag dürfen wir erzählen wer unser Bankpartner werden wird. Erfreuliche Neuigkeiten: es wird nun wohl doch KEINE Handelspause für unsere ausländischen Kunden geben. Weitere Infos zur Kooperation kommen am Mittwoch im Laufe des Tages!

https://www.bitcoin.de/de

They teamed up with a German bank and will announce the name of that bank tomorrow. Contract is signed now.

I guess they turn into a full blown exchange soon instead of their current state as "Bitcoin eBay".

Great news! Would still be nice if they keep the old option open as it is a nice failsafe should the bank pull out.

[samson]

Actually surprised the wall at 75 lasted that long.  If anyone had any doubts on which direction the market is going, that should have ended it.

Looks like it - heading down.

So we now have the previous bid wall owner who has lots of Bitcoin he probably doesn't want to keep too long.

[Dalib]

And we are back bellow 75 

[Ultraviolet]

That bid wall got eaten in minutes....thats why if i was a whale I would be deathly afraid of trying to manipulate prices upwards with a bid wall near market price. The risk of them getting eaten is ridiculously high right now

I remember when the same thing happened with a 3k wall at $108 when it was on its way down from the $115 spike after Gox announced the hiatus on USD withdraws. A few hours after that wall got sold into the price never came back up.