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

[ChartBuddy]

Explanation

[1715357633]

1715357633

[edwardspitz]

[ChartBuddy]

Explanation

[MatTheCat]

Just 24 hours ago he and the other usual trolls where crying like crazy because i felt the price was being kept down.
I mentioned how these losers are the first to cry about manipulation when the price goes up 10 bucks.
Well, there you go.
They're not even trying to hide their stupidity. Unbelievable.

Market gets manipulated and squeezed in both directions. Which is why they say that the little guy should never try and trade a flat market.

Exchange insider sharks know which way to push the market in order to empty the most fiat into their pockets and if there is basically no trend to speak off, it is much easier for them to do this and the only way they can continue to turn a profit.

[shmadz]

Just 24 hours ago he and the other usual trolls where crying like crazy because i felt the price was being kept down.
I mentioned how these losers are the first to cry about manipulation when the price goes up 10 bucks.
Well, there you go.
They're not even trying to hide their stupidity. Unbelievable.

Market gets manipulated and squeezed in both directions. Which is why they say that the little guy should never try and trade a flat market.

Exchange insider sharks know which way to push the market in order to empty the most fiat into their pockets and if there is basically no trend to speak off, it is much easier for them to do this and the only way they can continue to turn a profit.

love the new sig btw.

[ChartBuddy]

Explanation

[pjviitas]

The longer I fail at trading Bitcoin the more I get the feeling that a lot of my trades are due to boredom.

The old saying "idle hands are the devils playground" comes to mind or possibly a psychosis or two bubbles to the surface during these times of boredom.

In any event, whether one is being lured down the garden trading path by evil forces or whether one sees trends that are not actually there it all ends in the same result...making stupid trades.

I know that they will probably never admit it because it does not fit into their lifestyle but I believe that good traders actually do have one virtue and that is patience.

[rpietila]

You are right.

[keithers]

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

[nrd525]

Quick, someone analyze this.



http://www.google.com/trends/explore#q=bitcoin

It's a bit of a paradox.  There might be a strong correlation between the search trend and the price, but it seems to breaking these past several months as the price has been higher than the search trends warrant.

[TheJuice]

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

[ChartBuddy]

Explanation

[anujjain]

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

Yes, Silkroad coin auction resisting market to move upwards because no one know which price it will sell. It is really annoying.

[bitcoinsrus]

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

Yes, Silkroad coin auction resisting market to move upwards because no one know which price it will sell. It is really annoying.

There will probably be low bids and close to retail bids. If someone really wants it, they might just bid actual price or even above average

[MatTheCat]

There has been a lot of shrewd, sophisticated and patient acquisition over the last few days.  This, for Bitcoin, is highly irregular. 

Really? And there was me thinking that the market was simply being swished around on low volume in order to flush out weak shorts and longs alternately?

If their has been a lot of shrewd and patient acquisition, then where is the volume? I don't see any? My own trading accounts surely for over 150 BTC this week, I have enough funds on exchanges to own just 15 BTC, yet I don't own any BTC. So here is an example of 1 little fish who has contributed 150 + BTC of trade volume, yet who doesn't any BTC.

What the market is doing, is hovering right above a very dangerous long term trendline and nobody is very keen on buying, yet there is also a good chance Bitcoin springs up to at least $750, so nobody wants to sell.

[Equate]

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

Yes, Silkroad coin auction resisting market to move upwards because no one know which price it will sell. It is really annoying.

There will probably be low bids and close to retail bids. If someone really wants it, they might just bid actual price or even above average

If someone wants to buy at market price , there are already plenty of ways to buy it and I highly doubt someone bidding above current market price as many bidders are in it for some cheap coins.

[Parazyd]

Now even this thread has no activity
Back to long-term hodling and no trading.

[wobber]

If I were to buy 25,000 coins in one day, like today, on a single exchange (Bitstamp) I'd push the price too high. Bitstamp has sell orders of about 15k BTC up to $1250, for example.

I presume someone could buy 25k if one uses at least 3 exchanges (Bitstamp, daily volume 4000 BTC; Bitfinex, daily volume 4800 BTC; btc-e, daily volume 3000 BTC souirce: http://bitcoincharts.com/markets/). If you were to use just 10% of total volume daily (12800 BTC), which means 1280 BTC bought per day, would mean that you need 20 days to accomplish your goal without moving the market that much. And during that time the price could go up up up.

So, I'm asking myself: would the bidders offer $650 per coin? That would be a nice dollar cost average, since you cannot really buy 29k in a batch.

Anyhow, 2 questions:

1. can anyone confirm that the US Marshalls won't sell a batch of 29k BTC to a single bidder, but smaller batches to multiple bidders? I can't really tell from the auction listing.

2. would the auction act like a primer of a panic rally?

[wachtwoord]

There has been a lot of shrewd, sophisticated and patient acquisition over the last few days.  This, for Bitcoin, is highly irregular. 

Really? And there was me thinking that the market was simply being swished around on low volume in order to flush out weak shorts and longs alternately?

If their has been a lot of shrewd and patient acquisition, then where is the volume? I don't see any? My own trading accounts surely for over 150 BTC this week, I have enough funds on exchanges to own just 15 BTC, yet I don't own any BTC. So here is an example of 1 little fish who has contributed 150 + BTC of trade volume, yet who doesn't any BTC.

What the market is doing, is hovering right above a very dangerous long term trendline and nobody is very keen on buying, yet there is also a good chance Bitcoin springs up to at least $750, so nobody wants to sell.

So you traded 150 BTC and you don't own any. You're doing something really really wrong.

[KFR]

There has been a lot of shrewd, sophisticated and patient acquisition over the last few days.  This, for Bitcoin, is highly irregular. 

Really? And there was me thinking that the market was simply being swished around on low volume in order to flush out weak shorts and longs alternately?

If their has been a lot of shrewd and patient acquisition, then where is the volume? I don't see any? My own trading accounts surely for over 150 BTC this week, I have enough funds on exchanges to own just 15 BTC, yet I don't own any BTC. So here is an example of 1 little fish who has contributed 150 + BTC of trade volume, yet who doesn't any BTC.

What the market is doing, is hovering right above a very dangerous long term trendline and nobody is very keen on buying, yet there is also a good chance Bitcoin springs up to at least $750, so nobody wants to sell.

So you traded 150 BTC and you don't own any. You're doing something really really wrong.

Yup.  Didn't see that reply until you quoted him - had him on ignore for a while I guess. 

Somebody somewhere needs to explain that every bitcoin sold is a bitcoin bought.

In other words, for every loser there's a winner.  Sorry you're having such a hard time of it MtC; perhaps you might find some other use of your time more rewarding?