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

[byronbb]

Beginning to think the whole run up to 1k was due to gox shenanigans.

[Erdogan]

Do those ppl who sell @these prices getting out of the game or just waiting to rebuy below 400 i wonder?

Two sides of the same coin.

[BBmodBB]

Beginning to think the whole run up to 1k was due to gox shenanigans.

pennystock crews lol ! otcbb and pinky players! lololollll =) $BTC to da moooooonnnn

[podyx]

Beginning to think the whole run up to 1k was due to gox shenanigans.

Excellent. Can you get other people to believe this aswell?? That would be great, thanks

[Walsoraj]

Beginning to think the whole run up to 1k was due to gox shenanigans.

Yea, including Karpeles manipulating API data.

[JayJuanGee]

I'll preface this question with saying I'm new around here so please forgive my ignorance.  Why does the price not rise and rise fast when there are a lot more people bidding then asking?  Isn't that the same as buying and selling?  We have a lot of people trying to buy and few people trying to sell yet we seem to be going nowhere but down slowly?  

shortcovering? =\

I've got a lot to learn.  I have no idea what that is.  

I don't know a whole hell of a lot about how price manipulation takes place exactly, but some of those order walls that you see on Bitstamp are fake, and they are used to attempt to push the market in one direction or another by creating appearances.... ... But the phenomenon that I am describing does NOT really directly answer your question.   

The other thing that seems to occur is that bots will continue to add sales on an ongoing basis to keep the price from rising.  These bots can only accomplish this in a meaningful way, if the actual trade volume does NOT become too high b/c once the trade volume becomes too high, it may become too unprofitable to operate bots in such a way. 

To me, there seems to be quite a bit of manipulation going on, and in this regard there is likely some of the trade activity that is taking place at a short-term loss but may be calculated to be long-term profitable.

[Tzupy]

Perpetual bull traps until Stamp halts fiat withdrawals. 

You have a point. That might prevent this bubble from fully deflating, just like MtGox did in May - July 2013.

[phatsphere]

...or do I have to keep staring

bitcoinier's 1000-yards stare:

[chessnut]

epic price manipulation on stamp and finex 
free market ftw

[spooderman]

TA says we're going to be at 6k pages on this thread in about 3 weeks.

Does that account for all the post that have been removed and the seemingly recent phenomenon of removing posts?

Wow that is bearish news, China making it illegal for anyone that works for PBOC to post on here confirmed by sources on teh interent!

[JorgeStolfi]

I still do NOT understand what incentive PBOC has to clarify the rumor.. Maybe in a week by 4/7 they may feel they need to clarify the rumor is NOT true.. .or if it is true.. which portion and to what extent..

If the rumor is false, I don't see why they would not deny it on Monday (last time they denied it on the same day, IIRC).

If it is true, the "confirmation" would consiste in them sending the order to the banks and the banks blocking deposits on the exchaneg accounts.  That may take a bit longer, but since the deadline is April 15, and the report has been leaked, they may want the deposits to be blocked starting tomorrow already.

If the report is true, perhaps it was leaked beforehand so that some big arbitrage traders or investors could have time on Friday to move enough CNY into the exchanges to buy all the coins that will be dumped by common clients.

[chufchuf]

FINALLY I found out what Goat has been up to:
GOAT SIMULATOR

Am I losing my grip on reality or did I just see a goat with an axe kill everyone at a backyard BBQ?

The answer to that lies in your weird ass polar bear monster avatar thingie.

[spooderman]

[BBmodBB]

I'll preface this question with saying I'm new around here so please forgive my ignorance.  Why does the price not rise and rise fast when there are a lot more people bidding then asking?  Isn't that the same as buying and selling?  We have a lot of people trying to buy and few people trying to sell yet we seem to be going nowhere but down slowly?  

shortcovering? =\

I've got a lot to learn.  I have no idea what that is.  

the offshore Caymans Canadian and Germans are involved "naked" shorting bitcoin securities~imho thats where the $$$ is at LOL!!! ;^)

http://en.wikipedia.org/wiki/Naked_short_selling

[Hypnoise]

I wonder why there was no volume and no price chang on Saturday, and so much of it today.  Perhaps:

* All active traders get the rumor on Thursday or Friday.  By Friday night all the pessimists among them have sold.

* Nothing changes on Staurday, so no trading.

* The Sunday morning newspapers carry the rumor.  The occasional and week-end traders finally get it, and the pessimists among them start to sell.

all active traders are bots, and bots do not read newspapers. Bots placing sale/buy orders when they got sale/buy signals.

And the bot owners can't do anything, because they are slaves of their master bots.

I'm lost  here .... what you talking bout, cryptocrathy or inslavery of humans by bots. Ether way it sounds real cool.

[ErisDiscordia]

FINALLY I found out what Goat has been up to:
GOAT SIMULATOR

Am I losing my grip on reality or did I just see a goat with an axe kill everyone at a backyard BBQ?

These are strange times we live in

[magicmexican]

stamp dumping again, maybe panic this time to 400$?

[sonofliberty]

Dat price.

[T.Stuart]

stamp dumping again, maybe panic this time to 400$?

Starting to think the panic's over. Slow double bottom at 430-440 I reckon.

[Erdogan]

Beginning to think the whole run up to 1k was due to gox shenanigans.

Excellent. Can you get other people to believe this aswell?? That would be great, thanks

I do. Absent the gox fiasco, we are on a slow upwards trend that started in the summer 2013.