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

[Wandererfromthenorth]

There's a simple question: If over the course of a couple weeks, supply (BTC) increases and demand (USD) decreases, would you have us not adjust prices because that would be "manipulation"?

Also, if manipulation is so easy, why aren't the Winklevosses or other large holders who are no longer accumulating doing their own manipulation upwards?

It's really getting pathetic, guys.

"Manipulating upwards" like you say would not be really profitable for them right now tbh.  What is the point of eating asks and asks when you can almost double your whole stack of BTCs rebuying lower?    

And how would they "double their whole stack" if the Winklevosses are holding 6 digits of Bitcoin? Yes, they have 100k BTC. What's on the exchanges is absolute peanuts to them. They have no more interest in accumulating more since they bought it all at double digit prices.

I said "almost" double.
Who is talking about the Winklevoss? I think they have better things to do than just sitting at a computer screen watching bitcoinwisdom.     I'm talking about random whales. Greedy nerds, hackers, early miners, pietilas and whatever

"They have no more interest in accumulating more since they bought it all at double digit prices"

How do you know that?   Whales want to get fatter and fatter, do you think all BTC huge whales are like "we have enough, let's just HODL now" if the price is so easily manipulated (order books are peanuts for them like you said)?


PS: Again, i said i don't believe this downtrend is mostly manipulation, i don't think it is.   It's a bunch of different factors and manipulation is just one of them.

[ibrahim11]

BUY NOW or wait for lower prices and BUY

[ChartBuddy]

Explanation

[falllling]

I keep "forgetting" that most people here aren't interested in reality. They throw up a hypothesis, "huge amounts of Bitcoins accumulated off-exchange, that's why the price is driven lower by manipulators", yet they choose to ignore the evidence. The evidence being that what's probably the largest Bitcoin fund hasn't bought shit in over 3 months: https://bitcointalk.org/index.php?topic=337486.0

So, I get it. Fantasies are nice. Reality sucks.

any words to fonsie and his friends like dropt? they are still trying to fool people to buy their "cheap coin" bags

[Schickeria]

~10% to first mayor support zone.

[Searing]

BUY NOW or wait for lower prices and BUY

this place is great...it is like watching a bunch of Jesuits (hold) argue with a bunch of Buddhists (let it all go...liberate your ego)....

heh.....well one side or the other is right time will tell I guess

Searing

[hmmkay]

Well my standard place to buy coins is sold out.  
People are buying, just not on the exchanges..

[N12]

The truth is, at every large sell, you'll be hearing manipulation screams here. So what are "legitimate" sells? Bitfinex pigs getting slaughtered to the tune of 8 million USD within 2 days so far is manipulation I guess?

That's enough of me pissing against the wind, oda.

[Wandererfromthenorth]

BUY NOW or wait for lower prices and BUY

this place is great...it is like watching a bunch of Jesuits (hold) argue with a bunch of Buddhists (let it all go...liberate your ego)....

heh.....well one side or the other is right time will tell I guess

Searing

I just see people scream others what to do like their words have an influence on the price  



Yes BTC is falling, by the look of things it might go lower.  No that doesn't necessarily mean it's over, but it could  

[fonsie]

Well my standard place to buy coins is sold out.  
People are buying, just not on the exchanges..

Toevallig https://bitonic.nl/ die je bedoelde?

[Riddikulo]

The bitcoin it`s going down cause the Ethereum team it`s dumping all the BTC! They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450... Fucking Ethereum, stop killing the bitcoin.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

[hmmkay]

Well my standard place to buy coins is sold out.  
People are buying, just not on the exchanges..

Toevallig https://bitonic.nl/ die je bedoelde?

Ding ding ding we hebben een winnaar.

[njcarlos]

Well my standard place to buy coins is sold out.  
People are buying, just not on the exchanges..

Ah, now we have an argument like the gold-bug's "physical gold is sold out everywhere, it'z payp0r mynipul4t0rs!1"

[Wandererfromthenorth]

The truth is, at every large sell, you'll be hearing manipulation screams here. So what are "legitimate" sells? Bitfinex pigs getting slaughtered to the tune of 8 million USD within 2 days so far is manipulation I guess?

That's enough of me pissing against the wind, oda.

Dude, I said I agree with you, this is not just a "conspiracy, thank you for cheap coinz suckaz lool"  situation.
"Manipulation" is not the major reason why there is this downtrend.

But if you think Bitcoin is not HEAVILY manipulated (both down AND up) you are just out of your mind.



"Bitfinex pigs getting slaughtered to the tune of 8 million USD within 2 days so far is manipulation I guess?"
Well that would be the point
But as I said, it's not mostly "manipulation".

[Spaceman_Spiff]

The truth is, at every large sell, you'll be hearing manipulation screams here. So what are "legitimate" sells? Bitfinex pigs getting slaughtered to the tune of 8 million USD within 2 days so far is manipulation I guess?

That's enough of me pissing against the wind, oda.

True , crying manipulation whenever the price isn't going the way you want it to is just plain stupid.

In other news, darkcoin and doge being taken to the slaughterhouse.

[njcarlos]

In other news, darkcoin and doge being taken to the slaughterhouse.

As they should.

[justusranvier]

So why is it so hard to entertain the possibility that we're seeing the breach of the dam as a result of built-up selling pressure? We had a good rally to $680, from there on things started looking difficult, selling pressure was extremely subdued at first (for a number of reasons, but imo, mainly because the "hodl" mantra actually took hold - no pun intended), but without further fiat inflow and subsequent positive price action, it is only a matter of time before the sell-offs kick in.

Or am I being naive for considering this the most likely reason for what we're seeing now?

You're probably right this time, but I want to make sure this possibility is on everyone's radar because the odds of it happening go up every day.

That the Federal Reserve Bank of NY stole 300+ tons of gold from Germany is not an imaginary conspiracy theory.

They promised to hold those bars. Not an equivalent value - the specific serial numbered one which Germany originally deposited.

When keeping that promise became inconvenient they defaulted.

This is the MO of Wall Street, and they will not change their ways when they get involved with Bitcoin.

What I expect to happen is that Bitlicenses are going to eventually force all Bitcoin startups to get acquired by banks, because Bitlicenses are impossible to comply with and banks are immune from their provisions. One day after Coinbase has been bought out, their users are going to log in and have to check a box indicating they've read the new Terms of Service. Buried deeply in the legalese where nobody will actually read it will be the provision that says they "might" rehypothecate your deposits.

tl;dr: Hold your own coins and don't store them with third parties, because if you don't you'll eventually discover you don't actually own any.

[Spaceman_Spiff]

The bitcoin it`s going down cause the Ethereum team it`s dumping all the BTC! They dumped 1,150 bitcoins 5 days ago when the price was $590, 1,350 3 days ago when the price was $550, and now they have dumped 1,237 more TODAY when the price was $510, that`s why we went down 500usd and we are going to $450... Fucking Ethereum, stop killing the bitcoin.

https://blockchain.info/es/address/36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2?filter=1

Thank them for the opportunity to buy cheap coins.

[tarmi]

I keep "forgetting" that most people here aren't interested in reality. They throw up a hypothesis, "huge amounts of Bitcoins accumulated off-exchange, that's why the price is driven lower by manipulators", yet they choose to ignore the evidence. The evidence being that what's probably the largest Bitcoin fund hasn't bought shit in over 3 months: https://bitcointalk.org/index.php?topic=337486.0 How is this reconciled? Is it just one particular individual accumulator, and not indicative of broader HNI actions? How likely is that?

So, I get it. Fantasies are nice. Reality sucks.

You should rename your nickname to "Don Quijote" ;-)

People are not interested in a reasonable argumentation. You will fight with shadows.

quite the opposite.

don quijote was a lunatic with delusional ideas, slave to his own twisted ideology.

[Spaceman_Spiff]

In other news, darkcoin and doge being taken to the slaughterhouse.

As they should.

No arguing from me there.