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

[p0peji]

Bitcoinwisdom down? 

[BitChick]

Well that pump was over quick.

Yesterday Rpietila mentioned that there may be a large "entity" or whale that was testing the market.  Perhaps this is what the pumping and dumping is all about?  Rumors are that this entity wants to purchase 1% of the Bitcoin market!    I hope the "testing" ends quickly and the buying begins promptly.  

Sorry, i don't care about what trolls like him say.
Everything he says is for his own gains. Better is just to ignore it.

Not sure what you mean, hes been calling for a bottom since $400 hit last time for a month... maybe you are thinking he wants to cut hsi losses here... but that doesn't make any sense because I doubt he would sell for cheaper than he bought.  You need to critically think about your post to see if it makes sense before flaming someone.

I don't care if he calls a bottom or an ath or whatever. He is a mentally ill troll who is here to play the noobs for his own gains. I thought this was common knowledge.

I owe Risto much gratitude.  I honestly think it was his posts that were able to keep me calm last Summer and I held on. (when I was a "newb")  His SSS plan is brilliant too.  

Now this idea of an "entity" or "whale" he even said was rumored so we should take it with a grain of salt.  But it does appear that someone is manipulating the market a bit, especially on Stamp with dumps followed by buys.  Since I am not a whale it is hard for me to understand all that this accomplishes for them but I guess they can gauge the level of panic and perhaps buy accordingly.

[roslinpl]

Explanation

Very boring day for charts ...

from 440 to 450 ... and again ...

Tomorrow I hope for some more entertainment

[thezerg]

just to draw a line in the sand... I think its time to go long. (do your own homework this is not investment advice I am not your advisor, etc)

[mooncake]

just to draw a line in the sand... I think its time to go long. (do your own homework this is not investment advice I am not your advisor, etc)

Why do you say so?

[nanobrain]

@BitChick...what's Risto's SSS plan?

It feels like we've been under 500 for an age but its only seven days...

[w0lverine]

There has been strange behaviour on btc-e such as long bouts of an entity buying consistently 0.01 btc exactly 6sec aparts, probably a bot.

The strangest though is that sometimes for a few secs you suddenly have a buy order in the thousands of btc appearing and lasting for a few secs.
So there might be a whale operating / testing after all.

[ShroomsKit]

There has been strange behaviour on btc-e such as long bouts of an entity buying consistently 0.01 btc exactly 6sec aparts, probably a bot.

The strangest though is that sometimes for a few secs you suddenly have a buy order in the thousands of btc appearing and lasting for a few secs.
So there might be a whale operating / testing after all.

It feels like there is a big buy incoming.

[BitChick]

@BitChick...what's Risto's SSS plan?

It feels like we've been under 500 for an age but its only seven days...

https://bitcointalk.org/index.php?topic=345065.0

[shmadz]

@BitChick...what's Risto's SSS plan?

It feels like we've been under 500 for an age but its only seven days...

https://bitcointalk.org/index.php?topic=345065.0

take it all with a grain of salt of course, but if the price keeps doing what historically it's been doing, then it's a pretty solid plan.

I plan on taking my second divesting at the 5000+ range, perhaps 4 or 5 coins to get a new car...

(I choose to consider the coins I sold above 1K as my "first divesting". I purposefully ignore all the coins I sold from 10 to 200 because those kind of mistakes just eat you up inside.

[Richy_T]

problem solved!

Nah, you want you some roundabouts

[nanobrain]

@BitChick...what's Risto's SSS plan?

It feels like we've been under 500 for an age but its only seven days...

https://bitcointalk.org/index.php?topic=345065.0

Oh, that...yeah. Thanks.

I did see it before but for me its little more than an insurance sales pitch.

"You cannot lose more than you put in" ...I mean, really?

I'm kind of 'aRisto'...he puts so much of himself into his posts I think it would be unfair to judge him as many do here.  

But the BTCspace does mean I have become far more cynical of those who claim to be altruists
 

[Patel]

last call, all aboard

[thezerg]

just to draw a line in the sand... I think its time to go long. (do your own homework this is not investment advice I am not your advisor, etc)

Why do you say so?

I'm saying so because I make explicit suggestions every few months.  My last suggestion on this forum was to sell at around 800.

But I think you are asking "why do I think so?"  You can feel the tide turning when you immerse yourself in the datastream.  At the largest granularity, when negative news has no effect, positive news will begin to have a positive effect.  China FUD is exhausted.  Free nations will carry the torch from here, while the Chinese hide the cig in their mouth.

Lots of great stuff happening, too much to recite.  Don't get me wrong, I think the rise may be slow.  It may poke around here a bit; this suggestion is for medium to long term traders.  But it may rebound and THEN be slow.  I think the risk of being out during a pop is becoming greater than the profit for catching another small pullback.  But we may need a small fiat emergency to light the next fuse.  On the other hand nations seem to "schedule" these about once every 18 months so something is coming due...

[ChartBuddy]

Explanation

[roslinpl]

Explanation

Getting better

I am very optimistic about what I see and I believe next 24h will bring some more ++.

[TERA]

last call, all aboard

I am very optimistic about what I see and I believe next 24h will bring some more ++.

See this is what I'm talking about. Why is it that the closer we inch towards the downtrend line where the huge sudden downspikes occur and the traps are about to be sprung, the more bullish people get. It's always at this point people get extra bullish and start making references to trains, etc. Meanwhile it is the worst possible time to trade.

[windjc]

last call, all aboard

I am very optimistic about what I see and I believe next 24h will bring some more ++.

See this is what I'm talking about. Why is it that the closer we inch towards the downtrend line where the huge sudden downspikes occur and the traps are about to be sprung, the more bullish people get. It's always at this point people get extra bullish and start making references to trains, etc. Meanwhile it is the worst possible time to trade.

But this is exactly why it is possible to make money trading. Why would you complain about this?

[mooncake]

I'm saying so because I make explicit suggestions every few months.  My last suggestion on this forum was to sell at around 800.

But I think you are asking "why do I think so?"  You can feel the tide turning when you immerse yourself in the datastream.  At the largest granularity, when negative news has no effect, positive news will begin to have a positive effect.  China FUD is exhausted.  Free nations will carry the torch from here, while the Chinese hide the cig in their mouth.

Lots of great stuff happening, too much to recite.  Don't get me wrong, I think the rise may be slow.  It may poke around here a bit; this suggestion is for medium to long term traders.  But it may rebound and THEN be slow.  I think the risk of being out during a pop is becoming greater than the profit for catching another small pullback.  But we may need a small fiat emergency to light the next fuse.  On the other hand nations seem to "schedule" these about once every 18 months so something is coming due...

It might be a little premature to say that China FUD is exhausted. For example, BTC China had only announced stopping of deposit for ONE bank. Until that happens for ALL banks, then China FUD is exhausted. Nonetheless, the market has largely factored in the China FUD.

It is now a question of when the rebound is going to be.

[thezerg]

I'm saying so because I make explicit suggestions every few months.  My last suggestion on this forum was to sell at around 800.

But I think you are asking "why do I think so?"  You can feel the tide turning when you immerse yourself in the datastream.  At the largest granularity, when negative news has no effect, positive news will begin to have a positive effect.  China FUD is exhausted.  Free nations will carry the torch from here, while the Chinese hide the cig in their mouth.

Lots of great stuff happening, too much to recite.  Don't get me wrong, I think the rise may be slow.  It may poke around here a bit; this suggestion is for medium to long term traders.  But it may rebound and THEN be slow.  I think the risk of being out during a pop is becoming greater than the profit for catching another small pullback.  But we may need a small fiat emergency to light the next fuse.  On the other hand nations seem to "schedule" these about once every 18 months so something is coming due...

It might be a little premature to say that China FUD is exhausted. For example, BTC China had only announced stopping of deposit for ONE bank. Until that happens for ALL banks, then China FUD is exhausted. Nonetheless, the market has largely factored in the China FUD.

It is now a question of when the rebound is going to be.

You're right, more accurately I meant the market is exhausted of Chinese central bank announcements.  Those who fear this have probably already sold.