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

[kurious]

Fucking Ethereum, why the fuck are they dumping the ipo coins.

Because they prefer to have their money before Bitcoin becomes worthless. Did you really need to ask this.

Bitcoin worthless? They are killing the bitcoin, if they sell all the 24k at once the bitcoin price can go sub 300.

Why would they do that?

[fonsie]

Looks like uber-bulls have no more time to cheerlead the bounces, too busy with selling quickly.

Hi, Newbie

[rohnearner]

Glad I didn't bought at 580..
This is good time to buy in..
btc-e already below 540 .
@537

You don't want those cheap coins at 480?

Naa happy with 540 I was ok with 560 , but glad I woke up when it was already at 540ish..!

[fonsie]

last warning, buy now, you have been warned, don't be a fiat bagholder, we will go up in the next 24 hours, if not I'll make a new post indicating it's 48 hours, after 2 weeks I'll perhaps come say 800$ any moment now or 12 hours. I'll see, anyhow I told you so.

[inca]

It's not panic, nor weak hands.

It's a raid.

Precise targeted selling, not to gain a good price but simply to move the price down. Easy in a market this thin.

You seem to see 'coordination', where there is mainly just 'market momentum'.

It really is such a ridiculous idea that everything one dislikes must be the making of conspiratory evil forces that I'm troubled to understand how they can ignore the cognitive dissonance.

It's even weirder when you took part in the actions that are re-interpreted as being part of some 'grand scheme'. Didn't even know I'm an Illuminati member...

Not really. The action of recent days is the work of a few sizable trades from by definition a few people. You just momo'd along for the ride.

The market is so thin its not rocket science.

I never said conspiracy. Thin market means easy to move the price up or down.

Short term volatility is of no practical consequence to me or anyone else holding for the medium or long term. The loudest shouters on here are just waiting to buy back in lower.

A look through the threads from 2011 2012 and last confirms most 'traders' here should be millionaires but for some reason aren't.

[freebit13]

For every sale, there's a buyer, a few thousand coins just changed hands... do you all think it's some noobs sitting around that decided to buy today and just got suckered on the way down?

[hmmkay]

For every sale, there's a buyer, a few thousand coins just changed hands... do you all think it's some noobs sitting around that decided to buy today and just got suckered on the way down?

This.

[fonsie]

last warning, buy now, you have been warned, don't be a fiat bagholder, we will go up in the next 24 hours, if not I'll make a new post indicating it's 48 hours, after 2 weeks I'll perhaps come say 800$ any moment now or 12 hours. I'll see, anyhow I told you so.

[Wandererfromthenorth]

For every sale, there's a buyer, a few thousand coins just changed hands... do you all think it's some noobs sitting around that decided to buy today and just got suckered on the way down?

Yes. for the most part.
At least for now.

[ChrisML]

People who have sold stick here and hope they have made the right decision todo so.

Those are the people who keep yelling that BTC is dead. Cause they are pretty much butthurt right now.

Meanwhile volume is increasing on the exchanges, I see some nice buys. I'm happy.

[biaforen24]

Fucking Ethereum, why the fuck are they dumping the ipo coins.

Because they prefer to have their money before Bitcoin becomes worthless. Did you really need to ask this.

Bitcoin worthless? They are killing the bitcoin, if they sell all the 24k at once the bitcoin price can go sub 300.

Why would they do that?

They could open a large short position, then dump IPO coins, leaving them with a significant profit.

[fonsie]

To me it all looks like this:



Not a single red candle

[N12]

I can tell you that there are some manipulation techniques that can be successful sometimes (with either risk and/or expenditure) and they're even legal with Bitcoin, but they sure as shit don't involve continuously selling large blocks of BTC because that's like a black hole and you will need more and more funds while almost all the work is done by you and thus you will have trouble profiting from it. What you need to do as a manipulator is create the impetus for many others to sell, or expend a little effort to keep that stream going, but it needs to be +EV or soon you're going to be broke.

It's just that so many are like blind people talking about color. If you don't have the funds to meaningfully execute your idea of manipulation with Bitcoin (I mean, tell me, why is noone manipulating it upwards if it was so easy? There are enough extremely invested parties like the Winklevosses, they have no more interest of "accumulating" and keeping prices low), go to some alt coin and try it there. Let me know how that works out.

[mmitech]

oops....where are we at now ?

[oda.krell]

To me it all looks like this:



Not a single red candle

Nice one, hehe.

Also, +1 for being premium member. btcwisdom is a great site, deserves all the support. D'oh. Just realized that's the regular button, doesn't mean you paid

[MoreFun]

For every sale, there's a buyer, a few thousand coins just changed hands... do you all think it's some noobs sitting around that decided to buy today and just got suckered on the way down?

These "pros" are buying all the way down since $650, so they didn't wake up today and buy. Although they look to have much less $ than weeks ago.

[barbs]

Six million dollars to 60?

[fonzie]

Fuck, why did i join the dark(bull) side. Trolling nowadays sure provides loads of fun! I´m jealous!

Edit: I really think that shorts on Finex have to be at least 5 digits before we can see a nice rebound.

[niktitan132]

HODL is the solution. 

[inca]

I can tell you that there are some manipulation techniques that can be successful sometimes (with either risk and/or expenditure) and they're even legal with Bitcoin, but they sure as shit don't involve continuously selling large blocks of BTC because that's like a black hole and you will need more and more funds while almost all the work is done by you and thus you will have trouble profiting from it. What you need to do as a manipulator is create the impetus for many others to sell, or expend a little effort to keep that stream going, but it needs to be +EV or soon you're going to be broke.

It's just that so many are like blind people talking about color. If you don't have the funds to meaningfully execute your idea of manipulation with Bitcoin, go to some alt coin and try it there. Let me know how that works out.

No need to dick waggle over how many coins you have Blitz!

I take your point. But in a narrowly trading thin market with speculators like Oda for example waiting, then large dumps while you are either accumulate OTC on the cheap, or are heavily short should work no?