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

[ChartBuddy]

Explanation

[adamstgBit]

In my country money is produced at a limited predictable rate without a central authority.

Sounds like you're lacking democracy.

nonetheless, we achieve consensus every 10 mins.

[grappa_barricata]

Democracy, exemplified by an assembly of monkeys:

Monkey #1: I want banana
Monkey #2: Banana!
Monkey #3: Banana Banana!
Monkey #4: Throw feces
Monkey #5: Bananaaaaa ah ah
Monkey #6: uh uh Banana

Assembly decision: Monkeys want banana

[derpinheimer]

That buy bot is very confusing. I'mma try to get a guestimate of how much its buying/hr, but.. it seems to go on and off and buy very sporadically.

A very early result is about 15BTC/hr. Still, if it runs a whole 24 hours like that.. its enough to fill a manipulators coffers back up. pretty quickly.

[adamstgBit]

this buy bot is doing it wrong...

edit : maybe not 

[ChancellorOnABrink]

I was sooo proud when bitcoinity chose this gif for the 1000$ milestone, i made it !

[grappa_barricata]

I was sooo proud when bitcoinity chose this gif for the 1000$ milestone, i made it !

The flag on the moon? That's very nice. Better prepare one for the Oort Cloud just in case

[JorgeStolfi]

Democracy, exemplified by an assembly of monkeys:

Anarchy, exemplified by a set of free independent self-governed monkeys:

Monkey #1: Finds banana
Monkey #2: Snatches banana from Monkey #1
Monkey #1: Tries to get banana back from Monkey #2
Monkey #3: Helps Monkey #2 beat the hell out of Monkey #1
Monkey #1: Throws feces
Monkeys #2 and #3: Throw feces
Monkey #4: Sees banana lying on the gound, steals it and eats it
Monkeys #1, #2, and #3: Run in circles looking for banana

Natural justice outcome: Random monkey eats banana, other monkeys don't

[grappa_barricata]

Democracy, exemplified by an assembly of monkeys:

Anarchy, exemplified by a set of free independent self-governed monkeys:

ROFL

[derpinheimer]

this buy bot is doing it wrong...

edit : maybe not 

Turns out it both buys and sells. It just dumped about 100BTC in about 100 .9BTC sells. So, nevermind, this bot is just odd..

[thefunkybits]

Stamp getting dumped on...

it's odd to see Bitstamp leading the dump

[adamstgBit]

Democracy, exemplified by an assembly of monkeys:

Anarchy, exemplified by a set of free independent self-governed monkeys:

Bitcoin, exemplified by monkeys buying/selling bananas on a free market:

Monkey #1: Buys a banana
Monkey #2: Buys a banana from Monkey #1 for a slightly higher price
Monkey #3: See this and buys 10,000 bananas
Monkey #4: Buys a banana from Monkey #3 at inflated price.
Monkey #5: Refuses to buy bananas at such a high price
Monkey #3: Sells all 10,000 bananas at the best price he can get as fast as he can
Monkey #1: Buys a banana

[adamstgBit]

Stamp getting dumped on...

it's odd to see Bitstamp leading the dump

hourly volume looks alright, hopefully this ends up being a higher low, and we can make some moves up and break out!

[ChancellorOnABrink]

Stamp getting dumped on...

it's odd to see Bitstamp leading the dump

hourly volume looks alright, hopefully this ends up being a higher low, and we can make some moves up and break out!
http://s30.postimg.org/jtgpub4xd/Untitled.png

I'm the only one to see a dump every hour day in the same aera ?

[empowering]

http://youtu.be/ksJ6QP8BYn0

[ChartBuddy]

Explanation

[Malin Keshar]

Stamp getting dumped on...

it's odd to see Bitstamp leading the dump

OMG stamp down by $6!

Falllling is right, it is the end of the Bitcoin, sell while you can

[derpinheimer]

So, for anyone interested in that bot..

HR X: Rounded BTC bought/sold
Hr A: +15BTC
Hr B: +12BTC
Hr C:  -78BTC

Related: https://www.youtube.com/watch?v=xoMgnJDXd3k

I originally thought this bot may be snatching up coins for the guy with the ask walls, but the fact it sells and buys (And sells... for less than it pays, at least a lot of the time) would say that is not true.

[grappa_barricata]

Hey Chancellor, nice nick. Really. 

[adamstgBit]

So, for anyone interested in that bot..

HR X: Rounded BTC bought/sold
Hr A: +15BTC
Hr B: +12BTC
Hr C:  -78BTC

Related: https://www.youtube.com/watch?v=xoMgnJDXd3k

I originally thought this bot may be snatching up coins for the guy with the ask walls, but the fact it sells and buys (And sells... for less than it pays, at least a lot of the time) would say that is not true.

i knew it!

someone is accumulating slowly and then dumping all at once, over and over.