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

[Flatulenters]

Japan, China. Same corner of the world is it not. 

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[ChartBuddy]

Explanation

[NewLiberty]

the simplistic (a.k.a. retarded) battle cry of the libertarian/armchair-anarchist in here seems to be "kill the state", not "reduce the state to its optimal level".

Let me put it differently: I'd be more than happy to discuss in which areas, in which countries, for this and that reason, the state has taken over more control than it should have. I however laugh at the notion that a complete removal of the state would somehow lead to a guaranteed improvement of our current living conditions.

The crypto-anarchists might suggest that much of what is currently government might be replaced by mathematics.
To that end, it is less "kill the state" and more "obsolete the state".
To the extent that effort is successful, it may "reduce the state to its optimal level".

[podyx]

[dreamspark]

LOL what do you think...
It's funny they use the Gox address though while they're impersonating BTC-E, as if the creators of scam e-mails don't even want to put in the effort to make a decent one. I mean come on.

Tbf i didnt even see that! Just glanced at it and shook my head. Whether it was legit or not I think thats the right course of action.

[Erdogan]

If you meet a stranger somewhere in the wilderness, what is your first thought? Kill him and steal his boots?

My first thought is 'I wonder if I can keep this guy from killing me for my boots'

Good. If both have this thought, the encounter will end good, possibly with some trade of information or other things for the benefit of both. Otherwise, you have a plan for some kind of self defense.

[podyx]

motherfucker

why is price going down now

i will be a bit surprised if we go lower then 580 now tbh

[dreamspark]

I think this guy listened to your doubts and is now building his wall up on stamp.

[podyx]

tons of fucking support doe

[FlyingLotus]

Walls on the move..

[ag@th0s]

Plus cows laying down.

+1 Bovine Recumbency Orientation ftw

[kkaspar]

motherfucker

why is price going down now

i will be a bit surprised if we go lower then 580 now tbh

It has nothing to do with gox losing it's customers funds and therefor destroying trust towards the bitcoin market system. It also doesn't have anything to do with the nature of bitcoin, where the price has to be in a constant rise, or else it will start to fall.
My bet goes that it's all a one big conspiracy orchestrated by banksters who take orders from the alien reptoids.

[Richy_T]

These are  are real fantasy land examples, if you are of the belief that you could establish infrastructure and/or practices to accomplish either one of these without some kinds of community consensus (in other words govt-like input)

Naked assertions are so tiresome.

[dreamspark]

tons of fucking support doe

For now, its amazing how quick it disapears when the price starts falling through it.

[Richy_T]

Exactly, thats the point. People do have the same kinds of weapons as your gangs, so everywhere a gang would form, a counter-gang would form, and the winning gang would surely be angry at the losing gang (especially if fatalities occurred), and the losing gang would flee to a surrounding area (or get killed off). Once they flee to a surrounding area, they will pick what they think is the winning gang there, and try to join it, resulting in each area being run by 1 gang constantly in fear of being taken over by its counter-gang (who they will naturally call "criminals") and surrounding gangs who have allied with "criminals."

And then the winning gangs become governments and we're back to square 1. The problem here is human nature: Humans like to form teams, and the winning team tends to punish the losing team, who then wishes to get revenge.

Decentralized violence begets more violence, and violence begets centralization. The only way of avoiding centralization is either reducing it just enough so that no violence breaks out,  but government is still sufficiently small, or by somehow getting rid of it entirely and replacing it with a system to prevent violence hands down.

No. Most people just want to be left to live a decent life and provide for their families, not join up and form gangs. At one time, gang-like behavior was sustainable and has carried through into current governments but that doesn't mean they would necessarily arise again with the tools available to the modern citizen.

[ChartBuddy]

Explanation

[dreamspark]

Also I know most people aren't interested but DOGE is seriously crashing right now.

[MelMan2002]

10k bfx wall is back

They obviously do not want to sell and I am betting they are using a pretty high amount of margin to execute it. The fact that weak hands are actually selling because of it is sad. 

I would disagree that they don't want to sell. They have put the wall up several times over a few days; at this point anyone that wants to buy a lot of bitcoin would have seen that wall pop up and can expect it to pop up again a few times a day, and they will be able to buy a lot instantly without any slippage. This guy is just advertising his wall, waiting for someone to buy. Putting that wall up so often would be idiotic if they don't want to sell because if the price is undervalued, someone is going to buy a few thousand instantly and that wall guy will lose a ton of money.

I just do not believe any major walls that are placed on BFX compare to BSP. With margin and being able to short on BFX most of the time any walls that are placed on BFX will be pulled once it simply gets near the price. I do not even think BFX has that many coins sitting on their BSP account to sell that many coins. If he was willing to sell that many coins, it would completely wipe out BFX's order book like every time there has been a spike. There is a reason why that wall has been holding for so long on BFX compared to if it was placed on BSP. There really aren't any major players on BFX like BSP wanting to even remotely buy that many coins.   

BFX has grown significantly and I think its comparable in size to btc-e, not counting litecoin or other alts. BFX doesn't need coins on their BSP account; they have more than enough on their own books. You really think someone is shorting 10k btc on max leverage on bfx when someone could easily buy a large chunk if not all at once, especially now since they have had a lot of time to get their money ready and think about that decision? They could lose a few million very fast if someone does decide to buy into that wall, given that they are shorting. We can speculate about whether or not there are major players on bfx and its hard to tell, but I think there are now just because it is the best way to short bitcoin, which has attracted many traders. No one would risk so much money by shorting 10k btc on the assumption that no one can or will buy into their wall. The reward of possibly buying at most few hundred slightly cheap coins is nothing compared to that risk. And the fact that this person is advertising the wall, putting it for a few hours every day, suggests that they are trying to sell the coins.

Agree, nobody risks being called on a short like than in a stagnent market on high leverage. I too beleive its an advertisment for a sale with no slippage for either party. 

They have some way of pulling it as soon as price reaches it.  I tried to buy into that wall yesterday on bitfinex and somehow didn't seem to get any piece of it before it was pulled.

[podyx]

Also I know most people aren't interested but DOGE is seriously crashing right now.

[jojo69]

Also I know most people aren't interested but DOGE is seriously crashing right now.

uh...yeah

and I am very very dissapoint that this thread did not inform me in time

dumb thread...bah