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

[JayJuanGee]

And the griping that rich people have disproportionate influence over your future is infantile. I'd rather have rich people with disproportionate influence than poor people. They are much worse.

If Ayn Rand had a dick, how far down your throat do you think it would be? 3 inches? 4? The whole goddamn 8?

If Ayn Rand had a dick, it would only be 2 inches in total.. .so your hypothetical is giving too much credit.      

[delphic]

Bitcoin will have its day in Congress.

Is that Roosevelt on the right, standing up?

[billyjoeallen]

look at those Bitfinex ask walls. Wer'e in for some discount coins! Hope everyone's got their fiat handy.

[KeyserSoze]

Especially when those people learn that such scams keep occurring, the lost bitcoins dollars are never recovered, and no one gets punished.

Sounds like Wall Street and modern banking. Lotsa folks continuing to invest there.

[octaft]

And the griping that rich people have disproportionate influence over your future is infantile. I'd rather have rich people with disproportionate influence than poor people. They are much worse.

If Ayn Rand had a dick, how far down your throat do you think it would be? 3 inches? 4? The whole goddamn 8?

I dunno. How far up your ass do you keep your copy of Das Kapital?

Can you breathe through your nose or do you have to take breaks?

[aminorex]

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market.  Using other people's computers against their will to attack the network.

By bitching about manipulation, all you are telling me is that you can't hack this game and should go away... The free market's a jungle and you sound like you'd be happier in a zoo.

Crimes and torts are not the free market.  I'm telling you that any community that can not or will not defend itself will not survive.

[aminorex]

And the griping that rich people have disproportionate influence over your future is infantile. I'd rather have rich people with disproportionate influence than poor people. They are much worse.

If Ayn Rand had a dick, how far down your throat do you think it would be? 3 inches? 4? The whole goddamn 8?

I dunno. How far up your ass do you keep your copy of Das Kapital?

Can you breathe through your nose or do you have to take breaks?

Get a room, you two.

[seleme]

It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch!  for real ?   do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD,  they are at very similar stages. and about the same volume.  

Maybe this is triggering the bot.  




EDIT: 4 hour MACD

Hm, nice find... only thing is that it was about at same time CHina news came. If we could only find out if bot was around on 4hr MACD previous down cross.

[seleme]

It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch!  for real ?   do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD,  they are at very similar stages. and about the same volume.  

Maybe this is triggering the bot.  




EDIT: 4 hour MACD

Looks similar, but RSI is way lower so the move down will be smaller, IMHO.  Were are already half way down on 4hr RSI and the price stays above 450.  Unless something extraordinary happens, the price should not fall below 430 when RSI gets into oversold and bounce again.  MACD can try to cross, revert and continue upwards.  

RSI was pretty similar back then too. Just above 50 back then and few hours ago when it was operating.

[JayJuanGee]

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market.  Using other people's computers against their will to attack the network.

Yeah, but what about the example in which an exchange takes your bitcoin and then gambles with them, and then gets into such a hole b/c BTC prices go in one direction while they are betting in another direction, then even though they intended to pay you back, they do NOT have sufficient funds.  That is NOT exactly stealing of the coins..   They were borrowing without permission and then they fucked up..   If we give the benefit of the doubt to GOX, that may have been what they were doing.  I call it manipulation b/c they are presenting themselves to the public as having all of the coins when they only have less than 25% of the coins.  Manipulation?

[chessnut]

this is a possibility. bidders are still bidding up the support, wedges resolve in continuation....

maybe not time to short.... not yet anyway.

[infofront]

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market.  Using other people's computers against their will to attack the network.

Yeah, but what about the example in which an exchange takes your bitcoin and then gambles with them, and then gets into such a hole b/c BTC prices go in one direction while they are betting in another direction, then even though they intended to pay you back, they do NOT have sufficient funds.  That is NOT exactly stealing of the coins..   They were borrowing without permission and then they fucked up..   If we give the benefit of the doubt to GOX, that may have been what they were doing.  I call it manipulation b/c they are presenting themselves to the public as having all of the coins when they only have less than 25% of the coins.  Manipulation?

If you pay someone to hold onto something for safekeeping and they gamble it away and then tell you to go fuck yourself, I'd call that theft.

[Richy_T]

Refuelling almost complete, US tax refunds inbound and new season of Game of Thrones started. Hold on tight, chaps.

[chessnut]

Oh dear, bitfinex walls are gone in a flash. who could have seen that coming? lol

[aminorex]

Refuelling almost complete, US tax refunds inbound and new season of Game of Thrones started. Hold on tight, chaps.

Word of advice: using the word "martingale" in a post is trolling, in these parts.

[ChartBuddy]

Explanation

[TERA]

Would you give up trying to convince everyone that this is the bottom and the reversal is about to happen to a new ATH you clowns. You know very well from these charts that the odds are we are going down even further, below 400, but you're angry because you're stuck in your stubborn HODL position.  I guess HODL isn't so glorious now, is it.

[JayJuanGee]

What does "manipulation" even mean to you?

DDOS'ing the bitcoin protocol, DDOS'ing the forum, the exchanges, spreading false rumors, stealing coins, using stolen funds to push the market.  Using other people's computers against their will to attack the network.

Yeah, but what about the example in which an exchange takes your bitcoin and then gambles with them, and then gets into such a hole b/c BTC prices go in one direction while they are betting in another direction, then even though they intended to pay you back, they do NOT have sufficient funds.  That is NOT exactly stealing of the coins..   They were borrowing without permission and then they fucked up..   If we give the benefit of the doubt to GOX, that may have been what they were doing.  I call it manipulation b/c they are presenting themselves to the public as having all of the coins when they only have less than 25% of the coins.  Manipulation?

If you pay someone to hold onto something for safekeeping and they gamble it away and then tell you to go fuck yourself, I'd call that theft.

Yes, I agree that there is a theft component that exists as well.    The behavior that I am talking about, though, is that they are holding themselves out as if they have 100% coins, when they really only have less than 25% coins.  We could call that fraud and deception, but I think that we could also call it manipulation of the BTC market b/c they are creating the appearance of 650,000 BTC that is NOT in their possession (or they have increased the BTC supply by 650,000 until they are caught with their pants down).  I am thinking that is an additional unmentioned form of manipulation.. even though it may have other names as well b/c the conduct overlaps into other areas besides just the projecting that you have 650,000BTC that you do NOT have.

[jonoiv]

It's btc-e bot, it is operating for 10-15 days now at least. On first look pointless bot losing the money but last time it appeared we dropped from 480 to 410 soon.

ouch!  for real ?   do you remember the time and date it was last seen?

March 31st/April 1st. Can't recall it was up after that, certainly not in this kind of 4-5 series.

looking at that 480 - 410 drop, the only similarity I can see between now, and then is the 4 hour MACD,  they are at very similar stages. and about the same volume.  

Maybe this is triggering the bot.  




EDIT: 4 hour MACD

Looks similar, but RSI is way lower so the move down will be smaller, IMHO.  Were are already half way down on 4hr RSI and the price stays above 450.  Unless something extraordinary happens, the price should not fall below 430 when RSI gets into oversold and bounce again.  MACD can try to cross, revert and continue upwards.  

RSI was pretty similar back then too. Just above 50 back then and few hours ago when it was operating.

I don't know, it looks weaker to me now and we have not even started breaking down.  We stayed pretty flat in price and RSI dropped to ~50.  To me, this is the difference.  I guess we'll find out in a day or two.

both occasions we were also touching the December trend line.  

I guess the further down we go the less this bot has an effect..  

Might be possible in the future to actually make money from the bot by predicting it's arrival .  It would take a lot of planning, but, easy money by the look of it.  

It appears to be munching through an average of 50 BTC a minute, and not a lot is stopping it.  

[chessnut]

Would you give up trying to convince everyone that this is the bottom and the reversal is about to happen to a new ATH you clowns. You know very well from these charts that the odds are we are going down even further, below 400, but you're angry because you're stuck in your stubborn HODL position.  I guess HODL isn't so glorious now, is it.

... The market has been flat for 9 days despite 'utter disaster', something I expected.... and I assure you, HODL is better than shotr right now. this 'trend' is very vulnerable to a spike into the upper 500s, and 400 is growing stronger every day.

we are in territory for a reversal. I dont see why the odds are that we are going down. Im not going to put too much faith in your macd. and this is not a trend as such, it is a correction.