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

[dannyspk]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.

Just enjoy the cheap coins  

You're so cool and witty dude.

Don't you think confidence is already destroyed?

Yep.  Otherwise right now the public would feel that a 700, 800, or even a $1000 coin is still a good deal, and the current price is a no-brainer.  Which they don't.  Even as a bitcoin enthusiast, would you pay those prices?  It's going to take a long time for people to feel that those are bargain prices again.  A long time.

In fact, it's going to take a serious influx of investor funds.  Not sure when that will happen again.

You're giving the general public more credit than they deserve. I'd like to remind you that the world is a big place and history has proven that it ain't that difficult to manipulate them.

[fonzie]

Bullish pumper on Finex detected!

[mooncake]

The dumps are only part of the problem, rising trends are suppressed with dark walls until either the market becomes demoralised or it passes the manipulators limits and when that happens its frequently followed by another round of dumping, that dump and hold strategy also shows up a lot on PM and forex markets.

At which exchange did you see this?
...

It happens quite a lot on stamp but the volumes involved can be hard to see when there's a spike on the charts, look for a flatline with erratic volume (@bitcoinwisdom, log scale volume bars?). Occasionally large buyers take advantage of it and nibble at the wall point (usually a round figure) to shake out coins at a lower price but usually it holds and eventually causes a trend reversal.

I didn't know Stamp has dark wall feature. 

[gustopaz]

Bullish pumper on Finex detected!

[Torque]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.

Just enjoy the cheap coins  

You're so cool and witty dude.

Don't you think confidence is already destroyed?

Yep.  Otherwise right now the public would feel that a 700, 800, or even a $1000 coin is still a good deal, and the current price is a no-brainer.  Which they don't.  Even as a bitcoin enthusiast, would you pay those prices?  It's going to take a long time for people to feel that those are bargain prices again.  A long time.

In fact, it's going to take a serious influx of investor funds.  Not sure when that will happen again.

You're giving the general public more credit than they deserve. I'd like to remind you that the world is a big place and history has proven that it ain't that difficult to manipulate them.

So I predicted "a long time" (meaning at least 6+ months without an investor pump) and your comments ambiguously refuted that.  So care to give us insight on when you believe that the price will be back to even 700 again?  Or are you just being contrarian for the lulz?

[Walsoraj]

Bullish pumper on Finex pumping Finex detected!

The new "willy."   

[BBmmBB]

http://www.rtcons.com/wall/bitstamp.16333.13.small.png?1=2
Explanation

 

http://race-calendar.com/wp-content/uploads/27963/RRR%20FINAL%20copy.jpg

[mooncake]

Good read. http://www.cryptocoinsnews.com/bitcoin-whale/

[WoopDeBoop]

Serious question here: why does anyone ever sell btc on btc-e?

It's always lower than the others, sometimes by a significant amount (right now its $15 lower)

[Patel]

Serious question here: why does anyone ever sell btc on btc-e?

It's always lower than the others, sometimes by a significant amount (right now its $15 lower)

I don't think many sell there, they just trade there.

[empowering]

For those that may be interested and may not have seen it, below is a link for an event that was on in Auckland NZ last week called The Moment Of Truth.

The whole thing is worth a watch, but I have started the link off at the last speaker,  Robert Amsterdam as I enjoyed listening to him the most, and he speaks (after Glenn Grimwald, Kim DotCom, Julian Assange, and Edward Snowden)

He is mainly talking about the Trans-Pacific Partnership (TPP)

The Moment of Truth = http://youtu.be/cw51jd2WcdI?t=1h15m33s

Whole video is good though.

[ChartBuddy]

Explanation

[rebuilder]

Serious question here: why does anyone ever sell btc on btc-e?

It's always lower than the others, sometimes by a significant amount (right now its $15 lower)

I was wondering about that myself, the only reasonable answer I can come up with is their fiat withdrawal options allow for tax evasion or laundering of criminal gains better than other exchanges. This is just me speculating btw, I don't know what kind of KYC procedures they have or whether they offer withdrawals via anonymous channels.

[adamstgBit]

Serious question here: why does anyone ever sell btc on btc-e?

It's always lower than the others, sometimes by a significant amount (right now its $15 lower)

I was wondering about that myself, the only reasonable answer I can come up with is their fiat withdrawal options allow for tax evasion or laundering of criminal gains better than other exchanges. This is just me speculating btw, I don't know what kind of KYC procedures they have or whether they offer withdrawals via anonymous channels.

and or, you don't need to send in all your info to trade there?

[edwardspitz]

Bullish pumper on Finex detected!

Was that you closing your short in the least boring way you could think of?

 

[rebuilder]

Serious question here: why does anyone ever sell btc on btc-e?

It's always lower than the others, sometimes by a significant amount (right now its $15 lower)

I was wondering about that myself, the only reasonable answer I can come up with is their fiat withdrawal options allow for tax evasion or laundering of criminal gains better than other exchanges. This is just me speculating btw, I don't know what kind of KYC procedures they have or whether they offer withdrawals via anonymous channels.

and or, you don't need to send in all your info to trade there?

Same thing?

Edit: oops, unless you just meant Bitcoin withdrawals and deposits are available without ID. That's a bit different then, though I don't see how it would lead to increased sell pressure

[adamstgBit]

http://www.theglobeandmail.com/report-on-business/top-business-stories/a-loonie-idea-scotland-can-vote-yes-and-adopt-canadian-tire-money/article20653334/

lmao

[ChartBuddy]

Explanation

[fonzie]

PUMP IT BABY

[Sandia]

Serious question here: why does anyone ever sell btc on btc-e?

It's always lower than the others, sometimes by a significant amount (right now its $15 lower)

I was wondering about that myself, the only reasonable answer I can come up with is their fiat withdrawal options allow for tax evasion or laundering of criminal gains better than other exchanges. This is just me speculating btw, I don't know what kind of KYC procedures they have or whether they offer withdrawals via anonymous channels.

KYC applies to fiat deposits, to ensure that the account actually belongs to the depositor.
If it is more difficult to put money in, fiat has higher value, hence lower btc prices.