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

[gentlemand]

What do you guys think about the whole "willy" thing? What happens after the revelations?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history. 

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[edwardspitz]

Amazing how people instantly panic and sell because someone puts up a wall.

There is much manipulation taking place that is for sure. Bots on my exchange are putting up sell walls below average price. If I could afford them I would buy them

[Krabby]

Amazing how people instantly panic and sell because someone puts up a wall.

They sell because they think others will sell, it's the meta

[dreamspark]

What do you guys think about the whole "willy" thing? What happens after the revelations?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history. 

One of the things that I think is that potentially it might not change much. Fact is we're already at the point where the lost gox btc has been accepted as lost/hacked/unrecoverable etc. Now if this isn't going on on other exchanges the price we're at today is a 'fair' price. Only time will tell what the market thinks. I'd expect at least an attempted panic retraction but in terms of the price today what does it change?

[wachtwoord]

Amazing how people instantly panic and sell because someone puts up a wall.

They sell because they think others will sell, it's the meta

Hence the purpose of walls.

[amitrwt]

Going Off for night feelin sleepy ..! lets see where we reach by tomorrow morning..!

[alani123]

What do you guys think about the whole "willy" thing? What happens after the revelations?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history. 

One of the things that I think is that potentially it might not change much. Fact is we're already at the point where the lost gox btc has been accepted as lost/hacked/unrecoverable etc. Now if this isn't going on on other exchanges the price we're at today is a 'fair' price. Only time will tell what the market thinks. I'd expect at least an attempted panic retraction but in terms of the price today what does it change?

But what if this becomes mainstream? I think that if popular news agencies cover this story the general public will start having doubts about the price bitoin has today. Maybe resulting to a nother fall.

[boumalo]

572USD, it hasn't been that high for 2months

https://blockchain.info/charts/market-price?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[gentlemand]

What do you guys think about the whole "willy" thing? What happens after the revelations?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history. 

One of the things that I think is that potentially it might not change much. Fact is we're already at the point where the lost gox btc has been accepted as lost/hacked/unrecoverable etc. Now if this isn't going on on other exchanges the price we're at today is a 'fair' price. Only time will tell what the market thinks. I'd expect at least an attempted panic retraction but in terms of the price today what does it change?

But what if this becomes mainstream? I think that if popular news agencies cover this story the general public will start having doubts about the price bitoin has today. Maybe resulting to a nother fall.

It hasn't come from the mouth of anyone related to Gox or any mythical hacker or any legal entities. It's one guy's thoughts.

If it inspired a journo to go out and prove that it was the stone cold truth, then we're off to interesting places. The longer it all takes for the truth to emerge, the less potential impact there could be.

[knightcoin]

Bitcoin still trending at these immature rates?  We're due for a paradigm shift

please keep inside the loop 

[windjc]

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

[galbros]

But what if this becomes mainstream? I think that if popular news agencies cover this story the general public will start having doubts about the price bitoin has today. Maybe resulting to a nother fall.

I don't think this is too big of a danger.  Unless the general public actually has bitcoins to sell, they can't drive the price down.  They can not buy, which may result in a downdraft of prices as miners continue to sell their coins, but that is about it.

My thinking is maybe this latest uptick is some front running for the Winklevoss fund.

Good Luck!

[ChartBuddy]

Explanation

[derpinheimer]

Amazing how people instantly panic and sell because someone puts up a wall.

They sell because they think others will sell, it's the meta

Also funny how quickly people panic buy when walls go down

[Wandererfromthenorth]

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

I think they are just trying to get a more healthy slower uptrend out of this rally (instead of going straight vertical). Which is better. Since we just left the downtrend, some folks are prone to press the sell button. A slower healthier rise attracts more people, leaves more bears trapped, makes everyone think twice about selling to rebuy cheaper.

[derpinheimer]

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

I think they are just trying to get a more healthy slower uptrend out of this rally (instead of going straight vertical). Which is better. Since we just left the downtrend, some folks are prone to press the sell button. A slower healthier rise attracts more people, leaves more bears trapped, makes everyone think twice about selling to rebuy cheaper.

Someone sacrificing their profits for the greater good? C'mon.

Wall just doubled in size to 3k Looks like bitcoinity glitch (surprise surprise)

[byronbb]

Nothing else goes into bull mode like bitcoin does. CHOO CHOO.

[kurious]

at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain.  I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other  new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).  

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

[YogoH]

I can't wait for a bubble without MtGox

[MatTheCat]

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

The Wall on Stamp is (was) likely being routed through Bitfinex. Bitfinex is thee ultimate fake wall exchange. Most likely leveraged out it's tits, probably exchange insiders, probably if some whale with a few million to invest wanted to take a bite out of this wall, it would evaporate from under his teeth....and if he were mad enough to make a market order, he would find himself pushing Bitcoin way up past $600.

Whoever put up that wall was looking for a market reaction, and it works...sometimes....certainly, the 1.5K wall at $530 on Stamp influenced my decision to sell at $520, then it was pulled, then there was a small flurry of panic buying, etc etc.

When I used to trade on Bitfinex, I learned to never believe in the Walls, but I should always make a mental note to check Bitfinex whenever I see a large Wall on Stamp.