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

[ChrisML]

Btc-E is ready, Seems very bullish.

Now we Need those walls taken down.

[kodtycoon]

some one is really trying to hold the price down.. this shits just guna explode once that wall is knocked isnt it.

[Gingermod]

Why do people erect these walls?

[shmadz]

You don't need to solve the equations though. In a deterministic universe, if you know precisely the starting conditions, you could run a simulation and get the prediction. Chaos theory says that small perturbations in the starting conditions can lead to vastly different outcomes. Quantum physics says small perturbations are intrinsic. Even with two initially identical systems, things will occur in one which will not in the other.

This is precisely why I don't believe in the concept of free will.

Humans are too complex to model, but in the long run we won't be.

if that is true then there is a non-local hidden variable.  let's just agree right now to call it the soul, to save time.

it seems reasonable, we can call it whatever we want. soul is as good a word as any.

it does seem that there needs to be some kind of outward influence though.

or inward even, as it feels like this influence manifests itself though our actions?

[wachtwoord]

Why do people erect these walls?

There's also people who simply wish to sell Bitcoins. Erecting a wall is a lot better than doing a market sell.

[BitChick]

Why do people erect these walls?

Perhaps miners need to cash out to pay bills?  Not sure.

[ShroomsKit]

Why do people erect these walls?

To stop the price from going up or simply because they need money.
He could easily put the wall up at 630 and make 1000's more. These relatively small walls aren't gonna stop us from going up either. Too much buying pressure. If he wanted to scare people he could've made the wall way bigger. So no idea what he's doing.
Maybe he just wants to get out and does it in phases. By not putting up a 3k wall he makes sure people don't panic sell. Right now he is pretty much guaranteed to get 620 for his coins and might just be happy with that.

[derpinheimer]

What number wall is this now lmao.
At least the 4th??

[ChrisML]

3rd wall I believe.

Anyways, if he had some brains he'd put it up on $640,-. People buy like crazies at this moment. Once that point is reached the wall will be eaten like a sandwich.

But yeah, stupid is as stupid does.

[Ivanhoe]

It's the 4th, just a matter of time. This will be eaten as well. I wonder if there will be another all after that.

[wachtwoord]

It's the 4th, just a matter of time. This will be eaten as well. I wonder if there will be another all after that.

The 4th @ $622?

[shmadz]

Why do people erect these walls?

Perhaps miners need to cash out to pay bills?  Not sure.

miners cashing out to pay bills is a good thing.

it might be the only thing holding this market back.

the elegance of the incentives built into bitcoin should not be ignored.

[Ivanhoe]

It's the 4th, just a matter of time. This will be eaten as well. I wonder if there will be another all after that.

The 4th @ $622?

Yup

[ShroomsKit]

If he has more coins ready and is smart he should stop putting up walls for a little while and slowly put them back again on the way up.
If he keeps adding these walls it might actually stop us from going up for a while and he will be forced to market sell or put a new wall up way lower.

[Richy_T]

or inward even, as it feels like this influence manifests itself though our actions?

It seems more likely that consciousness is rationalization after the actions. There does seem to be some kind of observer in place though (for me, at least)

[derpinheimer]

If he has more coins ready and is smart he should stop putting up walls for a little while and slowly put them back again on the way up.
If he keeps adding these walls it might actually stop us from going up for a while and he will be forced to market sell or put a new wall up way lower.

My thought as well, people will become fearful of how endless his coin stash is.

[adamstgBit]

If he has more coins ready and is smart he should stop putting up walls for a little while and slowly put them back again on the way up.
If he keeps adding these walls it might actually stop us from going up for a while and he will be forced to market sell or put a new wall up way lower.

maybe thats the plan...

he'll buy back when it goes down, and do it all over again

market maker!

bitcoin may be in this range for weeks....

or not!

so exciting

 

[ChartBuddy]

Explanation

[edwardspitz]

If he has more coins ready and is smart he should stop putting up walls for a little while and slowly put them back again on the way up.
If he keeps adding these walls it might actually stop us from going up for a while and he will be forced to market sell or put a new wall up way lower.

Maybe that is what he is doing. He just happens to have a LOT of coins to sell.

PS: I'm also struggling to make sense of the wall movements today. The seller seem genuinely interested in selling a chunk at this price level. If he wanted to bring the price down he would have dumped. It would have been easy for him to do when we were below $590 imo, but he waited until we were well above $600, and until the bullish sentiment had returned. When/if he removes the walls everything will be ready and primed to go higher (BTC-e is the only major exchange that is behind). This is the best I can come up with  

[ShroomsKit]

Another big buy. The current wall might be gone soon. Really wondering what will happen this time