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

[bitcodo]

Was I even close?  

spot on

[micalith]

We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.

Now it is sideways from here, or up (with the possibility of crash from higher levels).

Turned bull. Ugh.

Have you been trying to induce a crash?

Well, induce is a strong word. I was just - umm - thinking that it would be good for Bitcoin to have a smaller crash from lower levels, compared to a deep one from high. In addition my own position was aligned to profit a little. Then the time seemed right, and indeed there was some action. I could several times sell at the local top and buy back at near bottom. Not to profit on anyone's expense, of course! Far be that from me.    Everyone benefits when the bubble is pricked every so often. "Prick", how did that come to my mind. Ahem...   The operation wishful and feeling-based daytrading ended up making a small gain only, since the buyback target was not reached, it was only a swing here and there and mainly everything was hedged from China anyway since they did not crash much at all. In another thread I said that I made only BTC15, but that is probably a gross understatement like almost everything I say. Mommy told that you should not disclose your true wealth and power (funny to say that to a 5-year old). I have sticked to the advice, although it constantly angers me that teenagers piss on my shoes. When I was a teenager, everyone else in BBS's was max 20 also, so it was more equal. One guy had 18" loudspeakers, he was my idol. But he was 28 and prolly had a job.

EDIT: Or a rich dad. I never asked. Those days we had a respect towards wealthy people. Or maybe I was just shy to approach him...

So let me get this clear:
- You tried to crash the market by talk and by selling, did you pay to hack bitcointalk too?
- Despite your effort price only corrected healthy 30%, which is very bullish

Just like I said. Now ofc there's a possibility that the real attempt to crash the market comes soon after this "turning to bull", but maybe that's not the case now, idk. Nevertheless crashing the market is unlikely to succeed if manipulators doesn't take huge risks and I don't think they are that kind of people (even if rpietila is, hes coins is not enough by themselves).

I like the tin foil hat theory that manipulators make what is ostensibly a bubble-pop attempt that fails, causing very healthy correction, every couple of weeks, further re-enforcing the longer-term bullish sentiment

[maz]

So let me get this clear:
- You tried to crash the market by talk and by selling, did you pay to hack bitcointalk too?
- Despite your effort price only corrected healthy 30%, which is very bullish

Just like I said. Now ofc there's a possibility that the real attempt to crash the market comes soon after this "turning to bull", but maybe that's not the case now, idk. Nevertheless crashing the market is unlikely to succeed if manipulators doesn't take huge risks and I don't think they are that kind of people (even if rpietila is, hes coins is not enough by themselves).

Wow gandi, I like this side of you....

caught me off guard there!

[philip2000uk]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Keiser is a pumper allright, no surprise there.

Are you talking about max keiser? what is this twitter? are they manipulating the market?

yes, Max Keiser, I don't follow his twitter.  I doubt Keiser is big enough to sufficiently manipulate "the" market in a huge way, but I nevertheless think he buys before he start going in full-on hype mode, and then sells.  And he probably has enough followers that it might make a difference.

Thanks for explaining, i thought he'd have enough money to not even be bothered about bitcoin but wanted to preach it for the good.  So now i have to look at him as a profiteer and not for the good of bitcoin?  

That is my view yes.  I am pretty darn sure he buys the stuff with his own money.  To what degree he tells himself that he is in it for the right reasons, or whether he truly sees himself as a pumper, that I am not so sure of.  Some people can be very good in deluding themselves with all kinds of rationalisations while taking the route that benefits them the most money-wise.

So should we still be supporting bitcoin then?  He's against the banks isn't he? That's the main reason i liked him but now i'm confused.  I guess bitcoin can't be any worse than the banks

Bitcoin itself is not a pump-and-dump, only the self-serving copycats like quarkcoin are. If they were intended to be honest competition they'd be mined fairly.

As rpietila shows us, even the biggest players have trouble with Bitcoin manipulation these days.

That burgeoning stability is an extremely good sign for its future as a currency - a future quarkcoin lacks.

Good I want it to do well, I have my coins in and hopefully it will be adopted like currency.  When it get's to the high mark of $150,000 then i'll hopefully get a house with 1 coin probably even less for where i want the house 

[macsga]

There's a chance some of us here are the ones who really manipulate the market. Chances are we'll never know without one being really honest (or plain fool) just to let us know. As per crashing the market; I find it idiotic and rather inequitable to it's main purpose and concept.

We must understand that it's a 2-way game - either a new economy, or a total bust of the inflated money out there. In either case, it's a win-win situation for the people behind its orchestration, or the banks who might just paid some experts to "invent" it.

Check each other's point of view and don't trust anyone. Usually, the devil is in the details.

[micalith]

the fact that max has mentioned quark coin has pretty much convinced me that he's in the game for the sole purpose pumping and dumping. i'll watch his videos, but fuck him.. i don't think he's some sort of angel.

true, I noticed he follows a pumper on twitter.. https://twitter.com/fontase

Keiser is a pumper allright, no surprise there.

Are you talking about max keiser? what is this twitter? are they manipulating the market?

yes, Max Keiser, I don't follow his twitter.  I doubt Keiser is big enough to sufficiently manipulate "the" market in a huge way, but I nevertheless think he buys before he start going in full-on hype mode, and then sells.  And he probably has enough followers that it might make a difference.

Thanks for explaining, i thought he'd have enough money to not even be bothered about bitcoin but wanted to preach it for the good.  So now i have to look at him as a profiteer and not for the good of bitcoin?  

That is my view yes.  I am pretty darn sure he buys the stuff with his own money.  To what degree he tells himself that he is in it for the right reasons, or whether he truly sees himself as a pumper, that I am not so sure of.  Some people can be very good in deluding themselves with all kinds of rationalisations while taking the route that benefits them the most money-wise.

So should we still be supporting bitcoin then?  He's against the banks isn't he? That's the main reason i liked him but now i'm confused.  I guess bitcoin can't be any worse than the banks

Bitcoin itself is not a pump-and-dump, only the self-serving copycats like quarkcoin are. If they were intended to be honest competition they'd be mined fairly.

As rpietila shows us, even the biggest players have trouble with Bitcoin manipulation these days.

That burgeoning stability is an extremely good sign for its future as a currency - a future quarkcoin lacks.

Good I want it to do well, I have my coins in and hopefully it will be adopted like currency.  When it get's to the high mark of $150,000 then i'll hopefully get a house with 1 coin probably even less for where i want the house  

in deed. And seeing as for the biggest whales, cashing out equates to crashing out with horrible slippage, it's in their best interests that this become a currency, so they can use the full worth of their wealth. That's got the be the end game

[kurious]

So let me get this clear:
- You tried to crash the market by talk and by selling, did you pay to hack bitcointalk too?
- Despite your effort price only corrected healthy 30%, which is very bullish

Just like I said. Now ofc there's a possibility that the real attempt to crash the market comes soon after this "turning to bull", but maybe that's not the case now, idk. Nevertheless crashing the market is unlikely to succeed if manipulators doesn't take huge risks and I don't think they are that kind of people (even if rpietila is, hes coins is not enough by themselves).

Wow gandi, I like this side of you....

caught me off guard there!

I am feeling VERY bullish - the bears have had to accept a higher consensus of the floor level.  Recent (relative) stability of over 1K IMHO means we will be up to gold very soon, I feel this week.  

Then new ATH is 1500 before 10 days are out.  

This is my sentiment.   OK - I should never make predictions - but I can't see any major correction up to this (c.1500) level - bears are bruised and battered, they will wait until 'irrational exuberance' raises it's head again before attempting anything serious.

[ChartBuddy]

[bitcodo]

5k new coins added on gox

[DougTanner]

Breaking out of that triangle, upwards. I think the rally resumes today.

[philip2000uk]

There's a chance some of us here are the ones who really manipulate the market. Chances are we'll never know without one being really honest (or plain fool) just to let us know. As per crashing the market; I find it idiotic and rather inequitable to it's main purpose and concept.

We must understand that it's a 2-way game - either a new economy, or a total bust of the inflated money out there. In either case, it's a win-win situation for the people behind its orchestration, or the banks who might just paid some experts to "invent" it.

Check each other's point of view and don't trust anyone. Usually, the devil is in the details.

Good Post You can lose your mind trying to think about every single motive of someone 

[wachtwoord]

Dumb things finance people say:  http://www.businessinsider.com/29-dumb-things-finance-people-say-2013-11

I think I've seen most in this thread alone

[Tzupy]

5k new coins added on gox

Whale gives dump warning? That would be silly...

[ChartBuddy]

[Nemo1024]

What's up with BTC400 wall at $1085 at Bitstamp? Consolidation before a rally?

[electronistul]

314 coins to sell @ 1061.6 and moving down right at the limit - It's interesting to see a price manipulation ongoing, LIVE  

L.E. wall @ 1058 (14:37 CET)

LLE: 300 wall @ 1054 (14:39 CET)

LLLE: wall split 50%/50% (60 BTC/ 45 BTC) (+ rest of them removed for a later manipulation) at around 1055 - 14:43 CET)

... aaaaand wall gone @ 14:44 CET (for the moment)


Wall back up 241 coins @ 1070 (14:54 CET)

197 coins @ 1068.7 (14:57 CET)

wall removed again (14:59 CET)

[Nagan]

We could not take it down any more (-30% was not enough). I think that the odds for an immediate crash have greatly diminished.

Now it is sideways from here, or up (with the possibility of crash from higher levels).

Turned bull. Ugh.

Have you been trying to induce a crash?

Well, induce is a strong word. I was just - umm - thinking that it would be good for Bitcoin to have a smaller crash from lower levels, compared to a deep one from high. In addition my own position was aligned to profit a little. Then the time seemed right, and indeed there was some action. I could several times sell at the local top and buy back at near bottom. Not to profit on anyone's expense, of course! Far be that from me.    Everyone benefits when the bubble is pricked every so often. "Prick", how did that come to my mind. Ahem...   The operation wishful and feeling-based daytrading ended up making a small gain only, since the buyback target was not reached, it was only a swing here and there and mainly everything was hedged from China anyway since they did not crash much at all. In another thread I said that I made only BTC15, but that is probably a gross understatement like almost everything I say. Mommy told that you should not disclose your true wealth and power (funny to say that to a 5-year old). I have sticked to the advice, although it constantly angers me that teenagers piss on my shoes. When I was a teenager, everyone else in BBS's was max 20 also, so it was more equal. One guy had 18" loudspeakers, he was my idol. But he was 28 and prolly had a job.

EDIT: Or a rich dad. I never asked. Those days we had a respect towards wealthy people. Or maybe I was just shy to approach him...

Thanks on taking the initiative to prick the bubble. I feel some sense of relief for now.

[Nightowlace]

So off topic;
Applebee's has announced that they will begin placing tablets at every table by mid 2014 for ordering meals now. With this new feature they've found people order more, and there are less mix ups. My question is, does anyone here have any ties with Applebee's that we could contact them and start the conversation about accepting Bitcoins as payment on those tablets.

*for those if you who don't believe in mass adoption etc etc. save your comments. I'm not interested I. Hearing an analysis about how we don't need stuff like this for bitcoin to succeed. Maybe not but it sure doesn't hurt the cause.

[ChartBuddy]

[niothor]

314 coins to sell @ 1061.6 and moving down right at the limit - It's interesting to see a price manipulation ongoing, LIVE  

L.E. wall @ 1058 (14:37 CET)

LLE: 300 wall @ 1054 (14:39 CET)

LLLE: wall split 50%/50% (60 BTC/ 45 BTC) (+ rest of them removed for a later manipulation) at around 1055 - 14:43 CET)

... aaaaand wall gone @ 14:44 CET (for the moment)


Wall back up 241 coins @ 1070 (14:54 CET)

197 coins @ 1068.7 (14:57 CET)

wall removed again (14:59 CET)

You're gonna go insane at this rate.
And you won't be the first one.