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

[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.

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

Agreed.


PS: Bitcoin and altcoins are two separate universes, never compare the two, apples and oranges.

[bangersdad]

Mircea Popescu on manipulation - worth reading:

http://trilema.com/2014/lets-pretend/

[hdbuck]

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.

Agreed.

BS its manipulation all over ups and downs. good part is bitcoin is set to succeed. but still.. freaking manipulation. now deal with it. embrace it.

[kireinaha]

Bulls' reaction today:

[hdbuck]

Mircea Popescu on manipulation - worth reading:

http://trilema.com/2014/lets-pretend/

+1 and its far from the only article worth the read from him.

[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.

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

Agreed.

BS its manipulation all over ups and downs. good part is bitcoin is set to succeed. but still.. freaking manipulation. now deal with it. embrace it.

Exactly, what doesn't make sense is screaming "manipulation" just because you don't want to see red candles because you are an lazy HODLER.

Observing and understanding that a very good portion of the BTC market is pure manipulation by whales BOTH UP AND DOWN is just not being blind.

[Schickeria]

2-Or will it follow the technicals and go even lower but recover in a long and slow period ?

I will not rule out your very bearish chart, but it does not look very technical. There are very strong support levels/trendlines to break, even a lot more stronger than the 440,00 support, so this is very a premature scenario. It's the contrarian extreme to delusional bull scenarios

Edit: Post deleted.

[adamstgBit]

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.

i feel targeted...

i'd like to note that i only started talking about manipulation after months of most puzzling downward movement. forgive me for crying manipulation after watching a 5K dump cause a 50K long squeeze, and the bounce being clearly stomped on.  

[mmitech]

2-Or will it follow the technicals and go even lower but recover in a long and slow period ?

I will not rule out your very bearish chart, but it does not look very technical. There are very strong support levels/trendlines to break, even a lot more stronger than the 440,00 support, so this is very a premature scenario. It's the contrarian extreme to delusional bull scenarios

add your vote here  https://bitcointalk.org/index.php?topic=740618.0

[podyx]

I lost $500 on a retarded fucking trade

such a fucking shame lol...

Gonna get it all back x200 on the next bubble though

[Wandererfromthenorth]

If you think the BTC price is just the "invisible hand" of buyers and sellers without any manipulation or whale intervention  want you are just naive.


But that doesn't mean that "is all manipulation, BTC to 1 trillion tomorrow".

[Wandererfromthenorth]

Is it so difficult to understand that this downtred is both natural market behavior because of various factors AND huge manipulation by whales "while we're at it"?

[Schickeria]

I think I should go out here. It's really turning heavy pathetic.

Ciao :-)

[rocks]

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.

The advantage for bitcoin is it is less manipulable than gold has proved to be. Throughout history just about every single major power started with some form of gold as a base currency, but then resorted to debasing the gold content in coins more and more until the populace finally would not accept the devalued coins anymore.

This has proven even easier in the modern era where the banks/government do not even have to issue falsified coins with less and less gold content, and instead have been able to completely sever gold content from currency in people's minds.

But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam. This is why I am betting on bitcoin more than gold this time around.

[adamstgBit]

Is it so difficult to understand that this downtred is both natural market behavior because of various factors AND huge manipulation by whales "while we're at it"?

Thats the thing, manipulators taking advantage when they can. market isn't exactly confident, hasn't been for months, now is the time to do this and its being done... can't blame them, if you have the funds and are willing to take the risk the reward for successfully manipulating bitcoin can be HUGE.

[Wandererfromthenorth]

I think I should go out here. It's really turning heavy pathetic.

Ciao :-)

Why, explain?

[Wandererfromthenorth]

Is it so difficult to understand that this downtred is both natural market behavior because of various factors AND huge manipulation by whales "while we're at it"?

Thats the thing, manipulators taking advantage when they can. market isn't exactly confident, hasn't been for months, now is the time to do this and its being done...

Yes.


To answer the poll:


"Is the BTC market being manipulated down RIGHT NOW"?
Yes


"Is it the main factor why we are going down?"
No

[hdbuck]

Is it so difficult to understand that this downtred is both natural market behavior because of various factors AND huge manipulation by whales "while we're at it"?

Thats the thing, manipulators taking advantage when they can. market isn't exactly confident, hasn't been for months, now is the time to do this and its being done...

yes, and there is no point rushing things up. bitcoin is going to stay for the next couple decades at least. better wait for everybody back from holidays to make the next pump and now pushing the price down to shake weak hands and accumulate moarrrr.

[BitChick]

I think that this will be the last chance to get coins at < $500!    

[mmitech]

I think that this will be the last chance to get coins at < $500!    

but you always think that is the last chance, nothing new. let me guess this time you really feel it ?