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

[spooderman]

Everyone is an expert in here. All I know is, bitcoin is the internet of money, and I want lots of it.

[empowering]

Let us take it for granted that there is a concerted manipulation effort to drive the price lower.

What knowledge do you draw from this fact? How does it help your trading?

If the manipulator is able to achieve his desires with a minimum of resources, and there is no opposition to him, be it from opposed manipulation or natural buying, then what does it tell you about the state of this market?

Same as it tells me about the gold/silver market, as they often get raided too...

Tells me that there is something of interest to people with agendas...

[spooderman]

Explanation

What a mess, Chartbuddy. A real mess.

This made me lol. You give the impression that chart(soon to be hero) is responsible somehow

[bassclef]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

silly wanker

I think that fallling got goxed, has pissed his pants when nearing the 51%, somebody from the government has taken his crackers, he has no new money, he's banned from his cardboard box, invested all of his cans into Ethereum, tried to buy a house from the House dealer, but since they only accepted BTC, he couldn't buy one, winklevoss+gabi+dubai something he read about on the piece of paper he used to clean off his ass while shitting in his new cardboard box.

Now he's here venting his frustration, because his cardboard box got wet from the rain.

That is way too complicated... MORE likely is that he is just paid by some government of financial institution to talk shit about BTC... as part of a team effort to lower BTC prices and possibly even attempt to undermine confidence in BTC or to distract us from having more meaningful communications about BTC or any other topic that we may feel important

Jay please please please stop quoting trolls. Ignore list is your friend, people.

[JayJuanGee]

some user on our site are pretty sure that price will be <$500 for the next month (they offer 1:5 odds)
https://www.fairlay.com/predict/registered/new/bitcoin-price-500-on-oct-1st/

is their a significant wall at $500? And does a wall has an effect over a month? Or is it only relevant for day trading?

Interesting bet, i like those odds!

Pretty sure that they will change pretty soon. It obv. could be that BTC is <$500 on Oct 1. but I think there is no reason to be sure about that. It should be more like 50:50 instead of 20:80

its just impossible to say.

free market says the odds should be 5:1 ish so be it.

i think i'd place the bearish bet just cuz the odds are soo good, who the F knows what price will do. lol

I would hardly call a betting site the "free market" b/c the betting site skims a profit which affects the ratios - though the statistics of the betting site can give you the general tendency, but NOT the actual reflection of the "free market" sentiments.

[JayJuanGee]

Told you about the weekend dump. Its weekend plus end of month.

Sometimes the market is as predictable as a machine.

But we'll be back to the 500's at the start of the week, so no panic sell for those who still hold

500's? I want to know when we're going to be back in the $1,000's. Some people can't sell because at $500 their loss is too great.

What about you QA?  Are you in the red? or are you in the black?

[windjc]

Is the final bear market capitulation coming? I will be closing monitoring the level of panic in this thread and spec forum over the next several weeks for clues on if its arriving and, if so, when it is here.

[adamstgBit]

Explanation

What a mess, Chartbuddy. A real mess.

This made me lol. You give the impression that chart(soon to be hero) is responsible somehow

i lol'd

[JayJuanGee]

what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?

Bot-users losing money is great! Feeling sorry for them? Hah!

Sure, this scenario about a bot owner mistake is possible and maybe even considerably likely, but NONETHELESS I take these kinds of "likely scenarios" with a grain of salt.

[JayJuanGee]

what is happening @BTC-e shows us how fucked up these business owners they can get sometimes, in a normal fair world, the Admins notice the unusual activity from this bot and they coordinately ac, one way is by blocking the API access temporarily to prevent the bot from losing all the owner's money, I am sure the owner would be really thankful and the positive impression would be felt and reflected on all customers, but because this is Bitcoin and BTC-e we are talking about, they don't give a fuck and they are sitting happily watching the poor guy losing all this kind of money.

if someone failed with his own trading bot why should the exchange bother to bail him out?

bailing out a customer and preventing a customers from losing due unexpected/malicious activity on his account is not the same, now everything else depends on your morals.

Problem is, doing so presents a huge liability to the exchange. "Hey, why did you cut my API access, this bot's behavior was by design."

There are many things wrong with existing exchanges, but not turning off some trader's bot is not one of them, imo.

+1  - exactamente... if the exchange caused the problem, then that could be another story, but if it is user error, then the user must take complete responsibility for his/her own set up

[Sitarow]

[JayJuanGee]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

silly wanker

I think that fallling got goxed, has pissed his pants when nearing the 51%, somebody from the government has taken his crackers, he has no new money, he's banned from his cardboard box, invested all of his cans into Ethereum, tried to buy a house from the House dealer, but since they only accepted BTC, he couldn't buy one, winklevoss+gabi+dubai something he read about on the piece of paper he used to clean off his ass while shitting in his new cardboard box.

Now he's here venting his frustration, because his cardboard box got wet from the rain.

That is way too complicated... MORE likely is that he is just paid by some government of financial institution to talk shit about BTC... as part of a team effort to lower BTC prices and possibly even attempt to undermine confidence in BTC or to distract us from having more meaningful communications about BTC or any other topic that we may feel important

Jay please please please stop quoting trolls. Ignore list is your friend, people.

The only poster that is a troll in that series is fallllllliing... The rest are NOT trolls, and anyhow, we are talking substance to some extent, also.

[ChartBuddy]

Explanation

[wachtwoord]

RIpple is your only future !! Buy XRP or stay with worthless bitcoins !

Hey you're still here! How does that extreme dilution feel?

[Newbie1022]

Wanted to hold tough, but I had to drop out because I have some bills coming up late September and if this kept up I wouldn't be certain I can pay them. So, more than a little irritated at this point over what is otherwise a fairly comical affair.

[wachtwoord]

Wanted to hold tough, but I had to drop out because I have some bills coming up late September and if this kept up I wouldn't be certain I can pay them. So, more than a little irritated at this point over what is otherwise a fairly comical affair.

That's such a shame I general 'investing' on such a short time scale is not recommended (in anything really). You need to be able to not touch it for a few years at least.

[Walsoraj]

Recent dip is just a little turbulence on our trip the moon. Hodl tight. 

[Newbie1022]

Wanted to hold tough, but I had to drop out because I have some bills coming up late September and if this kept up I wouldn't be certain I can pay them. So, more than a little irritated at this point over what is otherwise a fairly comical affair.

That's such a shame I general 'investing' on such a short time scale is not recommended (in anything really). You need to be able to not touch it for a few years at least.

Thanks man. Yea, I'll catch a bump sooner or later... this was really a fluky situation.

[abercrombie]

Thor says to Bitstamp sub 500, "I say thee nay!"

[HarHarHar9965]

RIpple is your only future !! Buy XRP or stay with worthless bitcoins !

Wow, I had not seen your flavor of trolling for some time! Glad to know you are still at it. So tell me, what are your thoughts on Stellar? How do you feel about Jed being a perpetual XRP dumper who has now forked Ripple into a new project?