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

[ivomm]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

[LFC_Bitcoin]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

Probably hoping it creates a panic sale & the price slumps to low $6000’s so he can buy them all back a lot cheaper.

Asshole!

[mike4001_]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

I asked this question also several times:

The only answer I could find is that they are swing-traders.

They dump 1000 coins, drive the price down and hope to get others to dump as well, moving the price further down.

Then they buy at this lower price and influence other to do the same.

Why they don't just wait for 20k is another story ... they probably calculated it through that they can make more money this way.

[Syke]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people?

Sometimes that night of hookers and blow goes a little too far and you gotta pay up more than expected.

[d_eddie]

Barely over 7k again. I definitely feel the tree shaking. We're in for a fun weekend, starting tomorrow.

[LFC_Bitcoin]

Barely over 7k again. I definitely feel the tree shaking. We're in for a fun weekend, starting tomorrow.

As in significantly down?

[goldkingcoiner]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

Carry on my wayward son
There'll be peace when you are done
Lay your weary head to rest
Don't you cry no more

[d_eddie]

Barely over 7k again. I definitely feel the tree shaking. We're in for a fun weekend, starting tomorrow.

As in significantly down?

As in "if I only knew, I would be getting rich instead of posting here."

But SOMA, yes, I see some more downside, possibly with alternating ramps up.

[bitserve]

Barely over 7k again. I definitely feel the tree shaking. We're in for a fun weekend, starting tomorrow.

As in significantly down?

As in "if I only knew, I would be getting rich instead of posting here."

But SOMA, yes, I see some more downside, possibly with alternating ramps up.

Is Bitcoin dead again?

Look at those buy walls on BFX though.

[crypmike]

https://twitter.com/PhillipNunnUK/status/1036933961287696385

[crypmike]

Bitcoin Diamond   #REKT

[LFC_Bitcoin]

Bitcoin Diamond   #REKT

That’s some serious fucking manipulation there

[Bitcoinaire]

Is this the Mt Gox administrator again? What a  turd.

[El duderino_]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face 

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

[Rosewater Foundation]

[fragout]

I really don't get it. Why someone with 10K bitcoins would dump them with 10% loss at 7400 when they could sold at 20 000? Who are these people? Playing with futures or just morons enjoying losing and making everybody sad. May be the silk road admin or some other criminals. And what will they do with the cash? Bury it in his yard, then gets arrested and hangs himself like the alpha bay admin. I curse these peoples with all the evil to them and their families! In Jesus name, amen! We, the honest hodlers will prevail and rejoice for ever!

I asked this question also several times:

The only answer I could find is that they are swing-traders.

They dump 1000 coins, drive the price down and hope to get others to dump as well, moving the price further down.

Then they buy at this lower price and influence other to do the same.

Why they don't just wait for 20k is another story ... they probably calculated it through that they can make more money this way.

My guess is futures or leveraged traders who bet on the price going down and then dump on the real market after which they buy back slowly. With enough ammo, it's a pretty safe bet. Works on both directions. They really dont give a shit what price Btc is at but need to be careful in case they go too far and kill the golden goose.
Short answer is Bart syndrome
Btw the relatively small volume exchange Bitstamp seems to lead most of these moves strangely. At least from my limited observations over the last 12 months

[samson]

Is this the Mt Gox administrator again? What a  turd.

lol

[d_eddie]

Bitcoin Diamond   #REKT

That’s some serious fucking manipulation there

Yeah. It's the same shape I saw (on BTC-USD) a bit earlier, when I said:

I've seen a sharp, quick drop.

(snip)

Mid-high 6k's are likely IMO (SOMA).

It didn't exactly take a wizard to know what was happening.

[d_eddie]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face 

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

I'm with your guru on this one. We need a little real capitulation. I'm afraid this is only foreplay.

[AR_fan]

My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face  

I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things
Its good his long term vision (big picture thing is extremely BULLISH)  but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ”

I'm with your guru on this one. We need a little real capitulation. I'm afraid this is only foreplay.

+1 and all the hedge funds who unloaded during the bubble and made a killing trading shitcoins haven't rebought yet, they are the one who pushed the masses to buy the top, and their coins are in the hands of retails investors now, bitcoin need a purge so strong hands get their coins back

a hodler is a real hodler only when he's a hodler among real hodlers and right now real hodlers aren't hodling