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

[Yololintian]

About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.

However other traders had blocked the way with smaller offers at slightly lower prices.  So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working".  When he saw that people had started to buy into his offer, he left it there and went to bed.

Does this make sense?

I don't think the round number suggests anything, but I do think its far more likely this is a result of a gox insider buying thousands of coins on gox and arbing them on stamp.

[ShroomsKit]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

there was even harder times but Bitcoin survived, what is happening now is effecting the price, it may drop really low, some people will lose confidence and cash out and be done with bitcoin, these never believed in Bitcoin anyways, I saw people moving with their lives all the time, everyone has a price...

but what is happening now is just the last clearing before Bitcoin goes mainstream, some people have to be pushed out, it will negatively effect the economy for a short term period but we need this to happen for the long term health of Bitcoin.

so now you are testing your faith, even you stay or you go out, I can give you an advice, if you want to breath easily and if all of this is stressing you, try to sell some of your coins cash them out do something you wanted to do for so long, go to vacation.... and you will feel much better, I really found that helpful...

I really don't know to do anymore. After this bullshit don't see how it will go mainstream anymore. It happens now and what stop it from happening again 6 months from now. Big money will keep using it as a tool to manipulate and crash the market. Over and over again. This won't just magically stop.

[creekbore]

About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.

However other traders had blocked the way with smaller offers at slightly lower prices.  So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working".  When he saw that people had started to buy into his offer, he left it there and went to bed.

Does this make sense?

Yes, which is why I don't think it is either Mark/Gox (clearly not rapacious enough) or a master manipulator (I reckon if Fonzie had 10K of coins he could crash the market...given the conditions esp).  So, its just someone retiring, starting a new life etc.

[Yololintian]

About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.

However other traders had blocked the way with smaller offers at slightly lower prices.  So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working".  When he saw that people had started to buy into his offer, he left it there and went to bed.

Does this make sense?

Yes, which is why I don't think it is either Mark/Gox (clearly not rapacious enough) or a master manipulator (I reckon if Fonzie had 10K of coins he could crash the market...given the conditions esp).  So, its just someone retiring, starting a new life etc.

Yes and they waited for the perfect time to exit the market.

[creekbore]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

there was even harder times but Bitcoin survived, what is happening now is effecting the price, it may drop really low, some people will lose confidence and cash out and be done with bitcoin, these never believed in Bitcoin anyways, I saw people moving with their lives all the time, everyone has a price...

but what is happening now is just the last clearing before Bitcoin goes mainstream, some people have to be pushed out, it will negatively effect the economy for a short term period but we need this to happen for the long term health of Bitcoin.

so now you are testing your faith, even you stay or you go out, I can give you an advice, if you want to breath easily and if all of this is stressing you, try to sell some of your coins cash them out do something you wanted to do for so long, go to vacation.... and you will feel much better, I really found that helpful...

I really don't know to do anymore. After this bullshit don't see how it will go mainstream anymore. It happens now and what stop it from happening again 6 months from now. Big money will keep using it as a tool to manipulate and crash the market. Over and over again. This won't just magically stop.

It is a big question but I think some of this is being resolved already: today you see Gox sinking and Neo&Bee rising, the ecosystem will adapt and improve while the number of players and participants will increase to lessen the impact of 'big money' (which let us not forget makes itself known where-ever it wants really).

[creekbore]

About that 10 kBTC @ 600 offer on Bitstamp: the round numbers suggest someone who bought those BTC when they were cheap, and decided to cash them out at about the current market price; but did not mind if it took a day or two, and did not care much about getting the best possible price.

However other traders had blocked the way with smaller offers at slightly lower prices.  So he lowered the price twice by a few cents, just to see some action and make sure that his offer was "working".  When he saw that people had started to buy into his offer, he left it there and went to bed.

Does this make sense?

Yes, which is why I don't think it is either Mark/Gox (clearly not rapacious enough) or a master manipulator (I reckon if Fonzie had 10K of coins he could crash the market...given the conditions esp).  So, its just someone retiring, starting a new life etc.

Yes and they waited for the perfect time to exit the market.

I'm assuming that comes with a heavy serve of irony -- and so further reinforces that Mr Wall isn't the brightest brick in the barrow.

[jl2012]

If this continues we'll be looking at Bitcoin a few months from now as 1 big failed experiment that got ruined by Mark, criminals, inside trading and manipulation. One big ponzi scheme.
The result of non regulation i guess. I wouldn't advise any of my friends anymore to invest in this clusterfuck.
The stuff that's being pulled here makes the real world big bankers and traders look like honest, nice people.

there was even harder times but Bitcoin survived, what is happening now is effecting the price, it may drop really low, some people will lose confidence and cash out and be done with bitcoin, these never believed in Bitcoin anyways, I saw people moving with their lives all the time, everyone has a price...

but what is happening now is just the last clearing before Bitcoin goes mainstream, some people have to be pushed out, it will negatively effect the economy for a short term period but we need this to happen for the long term health of Bitcoin.

so now you are testing your faith, even you stay or you go out, I can give you an advice, if you want to breath easily and if all of this is stressing you, try to sell some of your coins cash them out do something you wanted to do for so long, go to vacation.... and you will feel much better, I really found that helpful...

I really don't know to do anymore. After this bullshit don't see how it will go mainstream anymore. It happens now and what stop it from happening again 6 months from now. Big money will keep using it as a tool to manipulate and crash the market. Over and over again. This won't just magically stop.

So please sell all you bitcoin and stay away from it

[threecats]

stamp wall gone?

[yrtrnc]

Stamp going downtown

[spooderman]

dumpage

[Yololintian]

wtf is going on on stamp

[sonofliberty]

Holy crap.

[MoreFun]

5k BTC dump probably.

[spooderman]

wall guy market selling now?

[octaft]

wtf is going on on stamp

Dude pulled his wall and dumped it, I'm guessing.

[yrtrnc]

Put your buy orders in at 100 usd on stamp

[CryptoMinter]

Is this the "pull-n-dump" technique? Where the seller manipulates the market by showing impatience and willingness to accept slippage? So that stamp can go over 579.34 now?

[ErisDiscordia]

so mr. 10K wall decided to dump instead? That was pretty epic. We have a new low, gentlemen.

[CoolStoryBro]

oooops

[yrtrnc]

that was scary to watch