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

[rpietila]

By the way I found some gold from the time when I was a bear and TERA was a bull:

It looks like more than just a rally. It's a huge fking bidwall, 8 million new dollars on the books, in front of the bottom, overnight. It just rose from a total of 15.5M to 16.5M as I was typing this, almost to ATH. Now the book looks completely warped into the bulls favor. How are you going to get through that? It's going to take an immense pressure, and that huge bid could be could be regenerating the whole time.

Bullshit, all bullshit. Big players want out. So they fake the market with the very USD that they received yesterday from the first wave of selling. How many times this has to happen before you realize? Ask Loaded for details, which he unfortunately cannot give you

But red is what we see.

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[niothor]

So , any bears around besides my cute little polar bear? Which is a bull in disguise?

Still hoping for a new wave of fud on the 15th?

[dreamspark]

Skimmed through some of your previous posts during falls and found these:

This posted on the 10th of April:

Finally  

Now can we bounce of $400 and finally move on. Jeez

And one prior to the fall of MtGox:

wish I had like 10k on gox  

And you started whining at me when I said that I'm not buying into this, because I don't see it as an good bet to buy at the tops of weak pumps.
So, don't try to act like you're rational about this. When one walks like a typical degenerate gambler and when one talks like a typical degenerate gambler, then he must be an ...

Lol hilarious, is that the best you can do. Yeah asking the question of can we bounce of $400 and move on is the very definition of screaming trend reversal, being a delusional bull and wishing to be a millionaire 


No one can ever say anything about buying gox coins for $100 at the time the odds were firmly in line with the risk. Typical degenerate gambler my arse.

I said you were boring repeating yourself over and over again and could have made yourself some money without it being a blind gamble if you weren't a permabear. hardly whining.

Better luck next time.

[macsga]

By the way I found some gold from the time when I was a bear and TERA was a bull:

It looks like more than just a rally. It's a huge fking bidwall, 8 million new dollars on the books, in front of the bottom, overnight. It just rose from a total of 15.5M to 16.5M as I was typing this, almost to ATH. Now the book looks completely warped into the bulls favor. How are you going to get through that? It's going to take an immense pressure, and that huge bid could be could be regenerating the whole time.

Bullshit, all bullshit. Big players want out. So they fake the market with the very USD that they received yesterday from the first wave of selling. How many times this has to happen before you realize? Ask Loaded for details, which he unfortunately cannot give you

But red is what we see.

[chessnut]

oh so close. magic number is decreasing swiftly, now @504 to break the wedge.

[rpietila]

Holy fuck.  

The idea of clicking a mouse once and trapping all the shorts on the way to $600 (Bitstamp) is getting more and more profitable as the price has risen because of other players. Regards: "The Man Who Owned 25% Of BTC China Bid Orderbook & 10% Of Bitstamp Bid Orderbook During His Elephant Walk In Bitcoin Porcelain Shop"

I talked about that plan in here a few days ago, that a few nice buys could trigger a lot of these shorted 10000BTC stop loss. With such a thin orderbook, it would be stupid not to try if someone has the money for it.

My thinking goes about like this:
- I am a little too small to do it confidently myself, and don't want to collude b/c it is sort of unethical
- There are bigger guys than me
- Doing it is no rocket science
- It will be done by them
- My (and especially your) strategy should be to (1) frontrun, (2) buy low, sell high methodically or (3) hold. I don't believe (4) piggyback works. I am using (2) because I don't need to have market information. (1) is more difficult but of course more profitable.

[rpietila]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

Based on the trendline analysis, yes. We have many long, agonizing weeks to go until it gets to be improbable according to the trendline. It is normal to have rallies based on false hopes, it is part of the capitulation process. [- -]

When it finally hits $400, you do not want to buy. You fear for it going to $200 and you losing 50% overnight. Then it is the time to buy

(emphasis original) Zoom 2 months forward:

Not that I felt any obligation to disclose, but I am happy to say that I finally managed to source BTC200 @400 off-exchange!  

[dreamspark]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

Based on the trendline analysis, yes. We have many long, agonizing weeks to go until it gets to be improbable according to the trendline. It is normal to have rallies based on false hopes, it is part of the capitulation process. [- -]

When it finally hits $400, you do not want to buy. You fear for it going to $200 and you losing 50% overnight. Then it is the time to buy

Zoom 2 months forward:

Not that I felt any obligation to disclose, but I am happy to say that I finally managed to source BTC200 @400 off-exchange! 

Gold

[seanneko]

Oh this sucks so much that we're going up. Be prepared for post after post from people like Tera how we're going down, how it's a bull trap and other bullshit because they of course missed their ridiculously low buy order and missed the train again. The same story every time we go up.
Life must suck so bad as a bear trader. Missing buy orders, losing money and spreading fud, the life of a bear.

My trading strategy is put all coins in paper wallets, then wank over charts in a bull market and forget about Bitcoin and get on with life in a bear market. Seems to be working well so far.

[roslinpl]

I must ask.  What do you think of a price in next two days?  Will we hit 500 $ with no problems?   I am pretty sure that it will happen.

[TERA]

Here's how I came up with $510. I'm not sure if we'll even get there though.



Look at daily chart stoch RSI also.

[chessnut]

Holy fuck.  

The idea of clicking a mouse once and trapping all the shorts on the way to $600 (Bitstamp) is getting more and more profitable as the price has risen because of other players. Regards: "The Man Who Owned 25% Of BTC China Bid Orderbook & 10% Of Bitstamp Bid Orderbook During His Elephant Walk In Bitcoin Porcelain Shop"

I talked about that plan in here a few days ago, that a few nice buys could trigger a lot of these shorted 10000BTC stop loss. With such a thin orderbook, it would be stupid not to try if someone has the money for it.

My thinking goes about like this:
- I am a little too small to do it confidently myself, and don't want to collude b/c it is sort of unethical
- There are bigger guys than me
- Doing it is no rocket science
- It will be done by them
- My (and especially your) strategy should be to (1) frontrun, (2) buy low, sell high methodically or (3) hold. I don't believe (4) piggyback works. I am using (2) because I don't need to have market information. (1) is more difficult but of course more profitable.

well if you dont want to be too unethical about it, you could also sell the same amount as you bought, under the wedge for example. provide liquidity, and probably make a quick buck.

[Mervyn_Pumpkinhead]

Skimmed through some of your previous posts during falls and found these:

This posted on the 10th of April:

Finally  

Now can we bounce of $400 and finally move on. Jeez

And one prior to the fall of MtGox:

wish I had like 10k on gox  

And you started whining at me when I said that I'm not buying into this, because I don't see it as an good bet to buy at the tops of weak pumps.
So, don't try to act like you're rational about this. When one walks like a typical degenerate gambler and when one talks like a typical degenerate gambler, then he must be an ...

Lol hilarious, is that the best you can do. Yeah asking the question of can we bounce of $400 and move on is the very definition of screaming trend reversal, being a delusional bull and wishing to be a millionaire  


No one can ever say anything about buying gox coins for $100 at the time the odds were firmly in line with the risk. Typical degenerate gambler my arse.

I said you were boring repeating yourself over and over again and could have made yourself some money without it being a blind gamble if you weren't a permabear. hardly whining.

Better luck next time.

Yes, it was screaming of hopes of trend reversal and it showed that you were among those who thought that 400 actually means something. People like you have been whining at me since I sold at 1030, that I should buy at 900,800,700..etc. because they are really cheap coins, so I could make some money. Majority of those people are fools but there are also some manipulators who want others to buy, so they can sell with better profits.
Yes, the ones who bought into mtgox in the falling days were degenerate gamblers.
Degenerate gambling is about making blind bets. There are bets that can be predictable and there are bets that aren't. There was and there still is no way of knowing how much will be bought until the price starts to fall down. And the biggest probability here is that the price will at some point start to fall down. When there are some important developments in the crypto market system, then you can predict that this will give value to crypto and you can buy with the bet being a lot less blind.
I'll never invest into into something when my money is only supported by the hopes of fools. The hopes of fools are fragile and can break any moment, and when will this happen, can only be guessed, not predicted.
And now, stop whining, because I'm not buying into this no matter how much you whine.

[ChartBuddy]

Explanation

[JayJuanGee]

Not that I felt any obligation to disclose, but I am happy to say that I finally managed to source BTC200 @400 off-exchange!  

If this is with a stranger, how do you do escrow.. or trust that the BTC's will come through?  Do you pay first, do you do it in person, do you do it without banks? don't you have a fee for the wiring of that much fiat?

[KFR]

I can't leave this place alone for just one day without you bastards buying all the bitcoins.

BTW Jorge, my own wikipedia entry was so regularly defaced that in the end it was easiest to just delete it.  It's the Internet.  With the very best will in the world, get over it.

[rpietila]

Not that I felt any obligation to disclose, but I am happy to say that I finally managed to source BTC200 @400 off-exchange!  

If this is with a stranger, how do you do escrow.. or trust that the BTC's will come through?  Do you pay first, do you do it in person, do you do it without banks? don't you have a fee for the wiring of that much fiat?

Because I am rpietila the Great, the other guy pays first. Unless he is even greater, like Goat or NewLiberty; then I pay first.

It is possible to send in pieces also, like what I did when trading goxBTC for BTC. At most, the other guy had BTC150 at risk although the total was much bigger.

With escrow there is the problem that the escrow person would need to more trustable than me, and they are becoming hard to find   I am always open to suggestions, who to add to my "possible escrow intermediaries" list!

[EuroTrash]

https://blockchain.info/charts/n-transactions-excluding-popular
This one is still lower than previous week. Less transactions means less economy means price going down.

https://blockchain.info/charts/n-unique-addresses
This one is very slightly increasing after downtrend. More addresses means bitcoins are more spread means more people using them means price going up.

https://blockchain.info/charts/estimated-transaction-volume-usd
This one is still going down, albeit maybe we are close to flatlining.

[ShroomsKit_Disgrace]

I can't leave this place alone for just one day without you bastards buying all the bitcoins.

BTW Jorge, my own wikipedia entry was so regularly defaced that in the end it was easiest to just delete it.  It's the Internet.  With the very best will in the world, get over it.

Is, by any chance, THIS your Wikipedia entry, sir?:

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

[dreamspark]

Skimmed through some of your previous posts during falls and found these:

This posted on the 10th of April:

Finally  

Now can we bounce of $400 and finally move on. Jeez

And one prior to the fall of MtGox:

wish I had like 10k on gox  

And you started whining at me when I said that I'm not buying into this, because I don't see it as an good bet to buy at the tops of weak pumps.
So, don't try to act like you're rational about this. When one walks like a typical degenerate gambler and when one talks like a typical degenerate gambler, then he must be an ...

Lol hilarious, is that the best you can do. Yeah asking the question of can we bounce of $400 and move on is the very definition of screaming trend reversal, being a delusional bull and wishing to be a millionaire  


No one can ever say anything about buying gox coins for $100 at the time the odds were firmly in line with the risk. Typical degenerate gambler my arse.

I said you were boring repeating yourself over and over again and could have made yourself some money without it being a blind gamble if you weren't a permabear. hardly whining.

Better luck next time.

Yes, it was screaming of hopes of trend reversal and it showed that you were among those who thought that 400 actually means something. People like you have been whining at me since I sold at 1030, that I should buy at 900,800,700..etc. because they are really cheap coins, so I could make some money. Majority of those people are fools but there are also some manipulators who want others to buy, so they can sell with better profits.
Yes, the ones who bought into mtgox in the falling days were degenerate gamblers.
Degenerate gambling is about making blind bets. There are bets that can be predictable and there are bets that aren't. There was and there still is no way of knowing how much will be bought until the price starts to fall down. And the biggest probability here is that the price will at some point start to fall down. When there are some important developments in the crypto market system, then you can predict that this will give value to crypto and you can buy with the bet being a lot less blind.
I'll never invest into into something when my money is only supported by the hopes of fools. The hopes of fools are fragile and can break any moment, and when will this happen, can only be guessed, not predicted.
And now, stop whining, because I'm not buying into this no matter how much you whine.

You'll never invest into something where it is only supported by hopes of fools then why did you buy into BTC in the first place, if you think the price is sustained only by the hopes of fools.

Every bet is about predicatabilty and how predictable it may be  are your odds, thats the very definition of betting. What your really saying is that you like to make bets where you feel they are very predictable and therefore low odds.

Its simply not screaming trend reversal at all are you that blind you cant see that. It was a question. Plus $400 was a major resistance point after visiting there twice already in the downtrend so of course it was important. I think you need to get out the house if you believe anything Ive said is trying to get you to buy into this, I couldn't give two shits whether you buy into it or not. On the contrary I could say that your attempting to get people not to buy in yet is just as manipulative.

 Stop throwing the phrase people like you around, I have not attempted to get anyone to buy in thanks so stop trying to tarnish me with the same brush as the people who do you have 0 evidence of me being anything like what your trying to say. When there are important developments in the crypto world lol, there are important developments happening all the time.

Its okay over the last 3 days I'm up 31% and your at +/- 0% in actual gains or 31% down in theoretical gains. Your clearly a long term trader which is fine but because you dont have the skills to or you dont want to trade on shorter time scales doesnt mean people who do shouldnt.