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

[kkaspar]

Seems like "the entity" has slowed down it's trading. I think that there is a certain number that the price has to reach so "the entity" will start buying again. The number is probably around the start of 600.
I think that we will see one or two more pumps that go quickly from 600-700. But then back to the good old bear market with low volume

What makes me uneasy, is that stamp seems to get DDoSed. Wouldn't be fun to be a bagholder with the price plummeting 100$ in a minute.

Not sure if entity will buy again but there was 2-3 hours of pause between all their buys earlier today.

I hope he/they will come back. If there would be more pumps like this, then I would return to be bullish, with leaving money in BTC during sleep and maybe even post a train picture. Sadly, I think that this was just a fluke. Someone with access to more serious money that got interested after hearing about Fortress investment and Buffet speculating a 10-20year lifetime to bitcoin.

[ChrisML]

Alright fuck this.

Imma watch Tron legacy in 3D and come back when it's finished. This is making me dizzy.

[Dragonkiller]

Seems like "the entity" has slowed down it's trading. I think that there is a certain number that the price has to reach so "the entity" will start buying again. The number is probably around the start of 600.
I think that we will see one or two more pumps that go quickly from 600-700. But then back to the good old bear market with low volume

What makes me uneasy, is that stamp seems to get DDoSed. Wouldn't be fun to be a bagholder with the price plummeting 100$ in a minute.

Not sure if entity will buy again but there was 2-3 hours of pause between all their buys earlier today.

I hope he/they will come back. If there would be more pumps like this, then I would return to be bullish, with leaving money in BTC during sleep and maybe even post a train picture. Sadly, I think that this was just a fluke. Someone with access to more serious money that got interested after hearing about Fortress investment and Buffet speculating a 10-20year lifetime to bitcoin.

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... 

[Solarstorm75]

Chinese don't buy this fake rally.

[kkaspar]

Coincidence that this all happens on the weekend rpietila is having his mansion party?

I said it hours ago, he posted on his thread and sounded very, very cocky. I'm pretty sure it's his group doing this.

You give this guy waaaay too much credit.

Uh, I don't like him, there's no many people who called him names more than I did. To be honest I think he is twat, one of those I can't stand. But I do think he managed to incorporate himself in the group of some wealthy Bitcoiners like Goat and company, and they are very able to move the market.

The whole thing was orchestrated in a way that shows whoever did it understands the market pretty well. They know people are wary of fake bid walls, so they made sure their walls got eaten. They know people expect these brief pumps to be short lived, so they've made sure a new wall appears every few hours. They know people don't want to get left behind, so they were keeping their walls low enough that bids would pile in front of them, but moving them up when things were slowing down. By the time the third wall showed up it hardly had to do anything. They also know a lot of people are (or were) shorting, many of whom have probably been squeezed out. Probably the most telling thing is that no bigger whales came along to take a dump on the buildup, which would imply that the people capable of doing so weren't inclined to take what would have been a lot of profit. Why do think this might be, unless many of them are working together on this?

They've got things right where they want it now. Lots of people who were bearish will have bought back in, and everyone is scared to dump in case another wall comes along in a few hours.

But this is all just speculation right?

This buy in would have been more profitable if it would be spread out in a week or two. Whoever did/is doing this buying, doesn't care much. It seems that a certain number was agreed upon and now the plan just needs some quick filling. There were several pumps like these during the China boom. Without these pumps, BTC is no fun..

[zyk]

Bear market is over

We'll see.

get your stashes out of cold storage now and sell em urgently before all of the TBF will sell the shit to crumps now.....cause daddy Loozik knows where they have hidden the loot !

you absolutly need to take your blinders away now...its over and out !

[bull1692]

Chinese don't buy this fake rally.

Chinese are still sleeping.

[dreamspark]

Is anyone noticing whether the guy adding and removing the walls is doing the same $ amount or the same btc amount?

[Davyd05]

LOLOLOLOL started to play d3 and watch the Ukraine situation develop LOOL 7000 LOOOLLLL

[Spaceman_Spiff]

Can I hear a CCMF ?  

That being said, whether this is the end of the bear market, I don't know.  My gut says 35% bear is over, 65% one final slow capitulation.   But I got my ass kicked trading last summer with similar bearishness, so what do I know.

[kkaspar]

Seems like "the entity" has slowed down it's trading. I think that there is a certain number that the price has to reach so "the entity" will start buying again. The number is probably around the start of 600.
I think that we will see one or two more pumps that go quickly from 600-700. But then back to the good old bear market with low volume

What makes me uneasy, is that stamp seems to get DDoSed. Wouldn't be fun to be a bagholder with the price plummeting 100$ in a minute.

Not sure if entity will buy again but there was 2-3 hours of pause between all their buys earlier today.

I hope he/they will come back. If there would be more pumps like this, then I would return to be bullish, with leaving money in BTC during sleep and maybe even post a train picture. Sadly, I think that this was just a fluke. Someone with access to more serious money that got interested after hearing about Fortress investment and Buffet speculating a 10-20year lifetime to bitcoin.

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday...  

While I agree that it is nonsense that bitcoin can live up to 10-20 years, I still see a boring flat line with low volume when looking at yesterday. There could be different people putting up walls with different goals.

[rocks]

I think what we are seeing is the result of massive buildup over the anomalous repeated FUD over such a long period, plus the recent UK decision not to tax bitcoin. Lots of wealth in the UK. Lots.

The UK is still going to tax bitcoin with all the standard gains, and income rules.

They are just not going to layer an additional 20% VAT on top of all bitcoin transactions, which would have effectively outlawed bitcoin in the UK.

[PoolMinor]

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... 

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

[seleme]

Huobi way behind, would be great to have some fiat there.

[hdbuck]

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday...  

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

stocks arent means of exchanges. you dont pretend to buy your beer with stocks...

[empowering]

[darklight]

Coincidence that this all happens on the weekend rpietila is having his mansion party?

I said it hours ago, he posted on his thread and sounded very, very cocky. I'm pretty sure it's his group doing this.

You give this guy waaaay too much credit.

Uh, I don't like him, there's no many people who called him names more than I did. To be honest I think he is twat, one of those I can't stand. But I do think he managed to incorporate himself in the group of some wealthy Bitcoiners like Goat and company, and they are very able to move the market.

The whole thing was orchestrated in a way that shows whoever did it understands the market pretty well. They know people are wary of fake bid walls, so they made sure their walls got eaten. They know people expect these brief pumps to be short lived, so they've made sure a new wall appears every few hours. They know people don't want to get left behind, so they were keeping their walls low enough that bids would pile in front of them, but moving them up when things were slowing down. By the time the third wall showed up it hardly had to do anything. They also know a lot of people are (or were) shorting, many of whom have probably been squeezed out. Probably the most telling thing is that no bigger whales came along to take a dump on the buildup, which would imply that the people capable of doing so weren't inclined to take what would have been a lot of profit. Why do think this might be, unless many of them are working together on this?

They've got things right where they want it now. Lots of people who were bearish will have bought back in, and everyone is scared to dump in case another wall comes along in a few hours.

But this is all just speculation right?

This buy in would have been more profitable if it would be spread out in a week or two. Whoever did/is doing this buying, doesn't care much. It seems that a certain number was agreed upon and now the plan just needs some quick filling. There were several pumps like these during the China boom. Without these pumps, BTC is no fun..

Yes its plausible, but I'm still not so sure. I don't think they wanted it to be optimally profitable necessarily, just very public. It seems like a PR exercise right after weeks of bad news. Assuming the whales already have some BTC, they will be watching the bear market carrying on with no end in sight. By doing this they haven't got the best price for their new BTC, but they have raised the price of their existing coins by a fair bit. If someone had that much to spend on BTC as a private investor, surely there are better channels for doing so than on a public exchange

[tarmi]

correction incoming.

[PoolMinor]

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday...  

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

stocks arent means of exchanges. you dont pretend to buy your beer with stocks...

He is trying to say that the exchange of a BTC should not be traded against the dollar because the dollar fluctuates. Yet it is OK to invest that paper into a stock instead?

Edit:
From article.
“American businesses are going to be worth more money. Dollars will be worth less, so that money won’t buy you quite as much, but you’ll be much better off owning productive assets over the next 50 years than you will be holding pieces of paper..."

Don't hold paper he says.

[explorer]

What is the best candle chart out there right now aside from BitcoinWisdom (which won't load for me these days)?
bitcoinity is frustrating the hell out of me.