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

[jonoiv]

Just made $60  off the btce death bot

The death bot I think doesn't care about your $60. I think it is seeking price resiliency information to determine whether or not to dump thousands of BTC. The danger is you could load up at the bottom of the cycle just as the real dump starts.

True.. but, what can i say, i'm a risk taker.  sound advice though, thanks, I'll be careful.   Maybe :p

[roslinpl]

Just quick check the price and what I see

It is the śame like 24h ago which is a good news!

Horray!

[billyjoeallen]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

[podyx]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

You do realize we would be above $400 after that dump in less then a hour right?

[fonzie]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

You do realize we would be above $400 after that dump in less then a hour right?

Don´t forget about the additional 15,691,739.87 USD swaps on Bitfinex that will get liquidated if we go near 400$.

[EuroTrash]

Wow. I can watch any major exchange doing no trades at all for a minute or more.

[aminorex]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

Take a look at how much the opposite buy would move the market.

Fact is, there's more upside risk than downside, right now.

Doesn't mean you're not right, but it does mean it's the riskier trade.

[podyx]

Wow. I can watch any major exchange doing no trades at all for a minute or more.

This could indeed be the calm

[aminorex]

Wow. I can watch any major exchange doing no trades at all for a minute or more.

5PM Eastern U.S. is always that way.  Incredibly slow.  Doesn't pick up until China wakes up.

[ChartBuddy]

Explanation

[Davyd05]

Wow. I can watch any major exchange doing no trades at all for a minute or more.

5PM Eastern U.S. is always that way.  Incredibly slow.  Doesn't pick up until China wakes up.

+1 ... be bullish even my Dad wants more bitcoin and he thought we hit the 300s already lol and he knows my avg. buy in price is higher than that.

[bamsbamx]

BUY BUY BUY !!!! 

[billyjoeallen]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

Take a look at how much the opposite buy would move the market.

Fact is, there's more upside risk than downside, right now.

Doesn't mean you're not right, but it does mean it's the riskier trade.

You still don't seem to get it. It doesn't matter how high you can drive the price if you can't unload at volume when you get there. Think three dimensionally. There may be whales who want these buy walls to build just so he can unload without slippage. A guy with 100K BTC could be looking for positions like this to cash out a big chunk with no intention to buy it back. He still has plenty. What if this isn't the bottom but the base? We're still at double the price as when China entered the market.

[thefunkybits]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

Is this what you're referring to? I saw 1500 BTC walls being flashed around on Bitfinex last night....but not 15K?

pics or it didnt happen!  

edit: 1K BTC got pulled and the 500 wall was eaten

[oda.krell]

Wow. I can watch any major exchange doing no trades at all for a minute or more.

5PM Eastern U.S. is always that way.  Incredibly slow.  Doesn't pick up until China wakes up.

And here's what it looks like when "China wakes up" ...

http://youtubedoubler.com/?video1=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DRKXZ8QTLqEM&start1=10&video2=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dl8U_-xGgreY&start2=1&authorName=Ann+O%27Nymous

(mute the left video)

[roslinpl]

BUY BUY BUY !!!! 

Thanks! Give me some money so I can do what you told me!

hehe You say buy - I say make it possible ;P spare 1000$ for me ?

Kiddin.

But Thanks for suggestions. We all know this is great time to buy some

[Wary]

there is no contradiction between investing to see BTC succeed *and* see a decent ROI.

If this country worth saving, it's worth saving for a profit (c)

[billyjoeallen]

The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266.  Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.

Is this what you're referring to? I saw 1500 BTC walls being flashed around on Bitfinex last night....but not 15K?

pics or it didnt happen!  

edit: 1K BTC got pulled and the 500 wall was eaten

It was over a week ago. I don't have pics.  So I guess he could have sold it by now a little at a time. My point is that there are are people with massive holdings who could profit by crashing the price to buy back cheaper. The easiest  way to get bitcoin is to already have a bunch and take advantage of a vulnerable market the way George Soros made a billion dollars in one day shorting the British Pound. There are sharks out there waiting for the signal from China to eat us alive. The question isn't up or down. The question is how much lower. 

If I was an evil billionaire (possibly redundant term), I would buy hundreds of thousands of bitcoin off exchange from miners and flood the market, keeping prices low for months while I bought more coins from miners at the new lower price. People keep pointing out that fiat is infinite and bitcoin isn't. Rich guys can use time as a weapon against us. They can wait us out.

[chessnut]

Yup sentiment of those who aren't immersed in Bitcoin culture is very positive...My mom, brother and some other friends are all buying their first bitcoins this week despite me being on the fence about the direction of the price

my family is positive too (because of the money I made) but everyone else I know thinks its broken and used for child porn.

[bamsbamx]

BUY BUY BUY !!!! 

Thanks! Give me some money so I can do what you told me!

hehe You say buy - I say make it possible ;P spare 1000$ for me ?

Kiddin.

But Thanks for suggestions. We all know this is great time to buy some

Yes, i bought just at the bottom of the little dump we have had today @ 449 $

I hope chinese dont make it go down (again)