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

[mmitech]

Sorry I'm new. Who is Rpietila?

He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.  

A poster boy surrounding himself with drooling wannabe moneybags hoping to attract customers to his investment businesses, sometimes he takes a walk on the wild side.

If you are trading bitcoin for more than 2 years and still doesn't have at least 5 figures you are doing it wrong, so beware of experts because they can just be lucky guys.

Myself included  

5 figures in BITCOIN!?!?!?!? 'cause then F$CK I'm doing it wrong.

7 figures ? hahahahah

and I think he meant 5 figures worth of USD

[granathus]

Sorry I'm new. Who is Rpietila?

He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two.  

A poster boy surrounding himself with drooling wannabe moneybags hoping to attract customers to his investment businesses, sometimes he takes a walk on the wild side.

If you are trading bitcoin for more than 2 years and still doesn't have at least 5 figures you are doing it wrong, so beware of experts because they can just be lucky guys.

Myself included  

5 figures in BITCOIN!?!?!?!? 'cause then F$CK I'm doing it wrong.

Having 5 figures in Bitcoin is just not cool, mkay.

[wachtwoord]

Sorry I'm new. Who is Rpietila?

He is just a guy claiming he knows a thing or two about Bitcoin. Also owns a coin or two. 

he is the guy who claims that he is a Pro trader and he can predict Bitcoin moves, the thing about bitcoin is that we can only speculate because the movements are somehow unpredictable.


when we are speculating with the charts and movements some big bag holder can just drop a shit load of coins bringing the price to the lowers lows, or another scenario is someone buying 20K coins at once and bring us to $1500 in one hour.... this what bitcoin is.... don't trade based on what we say here and don't get emotional to peoples Ideas....

Would a 20k buy bring the price to $1500?

depends where you look, If I look to bitstamps order book 20K will brings us over &1300 and looking to gox order book 20K will bring us a bit over $1100

20k spread across all markets is what you should be looking at.

if you want to bring the price up where would you buy ?

I would buy at gox, because trying to bring the price over 1300 at bitstamp will be somehow a failure, and I mean doing that by running a market order.... even if you would put some buying walls t prevent the price from droping people will simply eat the walls how ? most people will see the chance of getting their cash out of gox by selling their coins at stamp and your try will be worthless......


so I think you do not need to spread the cash, all you need is to push the price at gox and the market will follow (except china for now ...)

If you buy you don't want to bring the price up! You want the price to stay the same as much as possible to avoid slippage. People that buy to bring the price up or sell to bring the price down in an attempt to influence the market are fucking retarded.

If done right it could bring the panic or the exuberance to critical mass, making it accelerate on its own. I'm sure it's happened and some people have made a killing this way.

Some probably have. As is true with any trading strategy, no matter how retarded. Overall these "strategies" are not profitable however. But do what you must

[ChartBuddy]

[mmitech]

BTW this is interesting http://www.telegraph.co.uk/finance/china-business/10530153/China-credit-crisis-fears-as-central-bank-injects-funds.html

China credit crisis fears as central bank injects funds
Chinese stocks fall on liquidity crisis fears despite central bank pumping in cash

China’s central bank has rushed to pump money into the stalling banking system but markets across Asia still fell sharply amid fears that the world’s second-largest economy faces a credit crisis.
Cash rates on China’s money markets jumped after the move by the People’s Bank of China (PBOC) to ease a liquidity squeeze on banks. Both the Shanghai Composite Index and Hong Kong’s Hang Seng Index also fell amid concerns over structural problems in China’s financial system.
The Chinese seven-day bond repurchase rate, which essentially measures liquidity in the financial system, climbed to 7.6pc its highest since fears over a banking crisis in China first emerged over the summer.
State media in China had reported that the PBOC has unexpectedly pumped $33bn (£20bn) into the domestic money market through what it refers to as “short-term liquidity operation”.
“The focus is again on China where there is plenty of discussion on the squeeze in interbank funding markets,” said Deutsche Bank in a note to investors Friday.

“The repo rate is now higher than yesterday amid market talk of a missed payment at a local Chinese bank. This is something to monitor over the next few days.”
Fears over a looming Chinese debt crisis spurred by a poorly regulated and opaque financial system stoked fears over the summer that the Asian powerhouse could finally be on the brink of a sharp slowdown in growth.
Much concern also surrounds what has become known as the “shadow banking” system that allows the Chinese to borrow money beyond their means.

[electronistul]

I got a feeling that sometime these days, people are going to say: "thanks for inflating the price at such small volumes, we're just going to sell off again 'till we reach ~ $ 400 prices".
Anybody thinks this is a reasonable chain of thought, or should I trust that Risto is not going to allow this to happen at all ?

[Rampion]

I got a feeling that sometime these days, people are going to say: "thanks for inflating the price at such small volumes, we're just going to sell off again 'till we reach ~ $ 400 prices".
Anybody thinks this is a reasonable chain of thought, or should I trust that Risto is not going to allow this to happen at all ?

Wow, Pietila is really doing a great job by deceiving you noobs.

[crazy_rabbit]

BTW this is interesting http://www.telegraph.co.uk/finance/china-business/10530153/China-credit-crisis-fears-as-central-bank-injects-funds.html

China credit crisis fears as central bank injects funds
Chinese stocks fall on liquidity crisis fears despite central bank pumping in cash

China’s central bank has rushed to pump money into the stalling banking system but markets across Asia still fell sharply amid fears that the world’s second-largest economy faces a credit crisis.
Cash rates on China’s money markets jumped after the move by the People’s Bank of China (PBOC) to ease a liquidity squeeze on banks. Both the Shanghai Composite Index and Hong Kong’s Hang Seng Index also fell amid concerns over structural problems in China’s financial system.
The Chinese seven-day bond repurchase rate, which essentially measures liquidity in the financial system, climbed to 7.6pc its highest since fears over a banking crisis in China first emerged over the summer.
State media in China had reported that the PBOC has unexpectedly pumped $33bn (£20bn) into the domestic money market through what it refers to as “short-term liquidity operation”.
“The focus is again on China where there is plenty of discussion on the squeeze in interbank funding markets,” said Deutsche Bank in a note to investors Friday.

“The repo rate is now higher than yesterday amid market talk of a missed payment at a local Chinese bank. This is something to monitor over the next few days.”
Fears over a looming Chinese debt crisis spurred by a poorly regulated and opaque financial system stoked fears over the summer that the Asian powerhouse could finally be on the brink of a sharp slowdown in growth.
Much concern also surrounds what has become known as the “shadow banking” system that allows the Chinese to borrow money beyond their means.

I would say, "bitcoin to the rescue!" although I'm not sure how it would help. Perhaps the recent banning has something to do with this.

[mmitech]

BTW this is interesting http://www.telegraph.co.uk/finance/china-business/10530153/China-credit-crisis-fears-as-central-bank-injects-funds.html

China credit crisis fears as central bank injects funds
Chinese stocks fall on liquidity crisis fears despite central bank pumping in cash

China’s central bank has rushed to pump money into the stalling banking system but markets across Asia still fell sharply amid fears that the world’s second-largest economy faces a credit crisis.
Cash rates on China’s money markets jumped after the move by the People’s Bank of China (PBOC) to ease a liquidity squeeze on banks. Both the Shanghai Composite Index and Hong Kong’s Hang Seng Index also fell amid concerns over structural problems in China’s financial system.
The Chinese seven-day bond repurchase rate, which essentially measures liquidity in the financial system, climbed to 7.6pc its highest since fears over a banking crisis in China first emerged over the summer.
State media in China had reported that the PBOC has unexpectedly pumped $33bn (£20bn) into the domestic money market through what it refers to as “short-term liquidity operation”.
“The focus is again on China where there is plenty of discussion on the squeeze in interbank funding markets,” said Deutsche Bank in a note to investors Friday.

“The repo rate is now higher than yesterday amid market talk of a missed payment at a local Chinese bank. This is something to monitor over the next few days.”
Fears over a looming Chinese debt crisis spurred by a poorly regulated and opaque financial system stoked fears over the summer that the Asian powerhouse could finally be on the brink of a sharp slowdown in growth.
Much concern also surrounds what has become known as the “shadow banking” system that allows the Chinese to borrow money beyond their means.

I would say, "bitcoin to the rescue!" although I'm not sure how it would help. Perhaps the recent banning has something to do with this.

I was thinking about the same, stocks went down because of(didnt search that matter yet) people were investing in Bitcoin so they had to something about it .... and now we are in this situation....

[alexeft]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

[darklight]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

If these walls really are his, he is the one getting trolled today. First wall got eaten, price rebounded, and now the next walls are getting munched

[San1ty]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

What about, just for fun. This guy has enough money and I bet he loves it when he gets to people.

[Sitarow]

[alexeft]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

What about, just for fun. This guy has enough money and I bet he loves it when he gets to people.

God what a bad taste!!!!

[tarmi]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

because he spent so many coins already to bring price to this level.

[mbets]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

What about, just for fun. This guy has enough money and I bet he loves it when he gets to people.

The eccentric Millionaire

[Mirsad]

If these walls really are his, he is the one getting trolled today. First wall got eaten, price rebounded, and now the next walls are getting munched

Why? He made a fuck load of money during this crash. And that's what his investors want -> FIAT!

BTC was down @ 455$, now  above 700$ -> huge profits for people, that turned bear or had a good strategie.
Sell above 1000$ (he surely did), buy back between 455 and 550 (was easy with placed bids) -> sell above 700$

Wait for the next iteration. Even if he has to buy back @ 800$, he increased BTC holding much more than all bulls.

[alexeft]

But he does tend to get it right.

With the amount of cash he has on hand, he can always MAKE SURE he gets it right...

Why would he troll then, if he had such an amount of cash!!!

because he spent so many coins already to bring price to this level.

He what?

[Voodah]

So much butthurt people and hate for Rpietila.... I guess many are regretting not having listened his latest call.

Yes, he is arrogant but guess what?

When someone's arrogant, it's not nice and we just ignore him.

But when someone's arrogant AND right, oh man... that sure brings out the worst in some around here.... too much jealousy...

[Sitarow]

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