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

[Vigil]

Awww DAT VOLUME!!!

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

[Jamievs]

Awww DAT VOLUME!!!

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

[gizmoh]

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

[Kouye]

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

Gox is not the only one... 
https://bitcointalk.org/index.php?topic=178336.msg3859196#msg3859196

[rpietila]

Awww DAT VOLUME!!!

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp 

Why would they just not read this forum

[CryptStorm]

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

Gox is not the only one...  
https://bitcointalk.org/index.php?topic=178336.msg3859196#msg3859196

Actually, between this excellent point and the fact that come 'crunch time', the trading infrastructure consistently fails, day trading is loaded VERY heavily against everyone but the exchanges (broker-dealer or market makers, I care not, but, likely, front runners) and the manipulators.

I, for one, am changing my strategy as I white knuckle through the rest of this mega wave. I'll be looking for cheap and slow buys come spring. Cheers!  

[Jamievs]

Awww DAT VOLUME!!!

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp 

Why would they just not read this forum

Imagine the money the exchanges are making now.. a minimum of 0.4% (0.2% for the buyer and 0.2% for the seller) of that volume on bitstamp. Damn..

[gandhibt]

Awww DAT VOLUME!!!

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp 

Why would they just not read this forum

Imagine the money the exchanges are making now.. a minimum of 0.4% (0.2% for the buyer and 0.2% for the seller) of that volume on bitstamp. Damn..

gox is taking avg of maybe 1%, that's just outrageous and people are paying...

[seleme]

Awww DAT VOLUME!!!

Market            Last         Volume (24h)   
btcnCNY         5100.0000      148,000.46   
btceUSD         803.0000      120,454.28   
mtgoxUSD      850.0000      115,416.47   
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp 

Why would they just not read this forum

Imagine the money the exchanges are making now.. a minimum of 0.4% (0.2% for the buyer and 0.2% for the seller) of that volume on bitstamp. Damn..

500 BTC profit... and we're killing ourselves to make 1, 2 or 5

[CryptStorm]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

edit 2: Actually, yeah, look at the 1000 coin buy at 800 (one hour ago), it pushes the bar up, and then walls close in, and guess what will happen next? I'm thinking walls pulled, and market sell of those 1000. Just thinking aloud. Anyone? Bueller?

[Vigil]

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

[rpietila]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

800 is now resistance. See the rest of my updated ramblings starting here.

[gizmoh]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

Its amazing to see how walls pop up in a 'manipulative harmony' to try and get support. And pulled when they start to get eaten( like the wall at 780.1 being pulled back from 810)

[wachtwoord]

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.

[Vigil]

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.

It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.

[wachtwoord]

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.

It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.

No it's manipulation of the price at one or more of the automated Bitcoin exchanges. If you don't like that price and want to buy or sell look for someone to barter with

Being able to manipulate certain aspects of third parties is something completely different from manipulating Bitcoin. Confusing the two is as retarded as saying Bitcoin was hacked because inputs.io was hacked.

[Richy_T]

The only way you gain bitcoins is to sell.

Sheer nonsense.

[rpietila]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

Its amazing to see how walls pop up in a 'manipulative harmony' to try and get support. And pulled when they start to get eaten( like the wall at 780.1 being pulled back from 810)

It is so amazing that there are actually buttons called "Limit Order". Walls come in the desired places just by clicking them. I've been so excited after finding this feature... 

[tarmi]

we went through 600 and 700 support on stamp like a hot knife through butter.

also dont forget that 1k buy @ 680. the one who bought is dumping those @ 800.

I give it a day, and we will revisit 400. no way we can stay at this levels till monday. if we do, that will be mother of all bull traps.

[Vigil]

The only way you gain bitcoins is to sell.

Sheer nonsense.

If you hold your Bitcoins you cannot gain any - at least with the current increase from the coins you have. Because you always end up with the same amount that you bought. That is common sense.