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

[klee]

bitfinex finally updated

shorts:
was 11,325.44 BTC
now 10,604.50 BTC

~750 coins covered thats it!?

run for your lives!!!!

What percentage of these coins are for walls and what already sold?

like 50/50

So in a short squeeze we expect about 5K btc bought, right?

[MoreFun]

bitfinex finally updated

shorts:
was 11,325.44 BTC
now 10,604.50 BTC

~750 coins covered thats it!?

run for your lives!!!!

What percentage of these coins are for walls and what already sold?

You don't need reserved coins for setting a wall (order).

[Teppino]

Longs should soon become sell pressure when people takes profit along the way.
Still news is big this time, i think  we will go up

[klee]

bitfinex finally updated

shorts:
was 11,325.44 BTC
now 10,604.50 BTC

~750 coins covered thats it!?

run for your lives!!!!

What percentage of these coins are for walls and what already sold?

You don't need reserved coins for setting a wall (offer).

I know but if you borrow coins you can either sell them immediately or put ask walls - how do we know what is happening?

[colour]

A few minutes before the rally started nearly all the bids on Bitstamp down to 360 were removed within in a second. Also quite a lot of asks were removed, but far less than bids. I switched over to the trading PC and by then everything was back to normal. Did anyone else catch that? I wonder what that was all about, there were literally only a few dozen coins worth of bids down to 360, basically just a long flat green line (on bitcoinity.org). A bug maybe? But would be a weird coincidence because it happened right before that rally.

About the rally itself: I kinda feel that this was orchestrated by a single entity, probably in order to induce a short squeeze. I doubt very much that this was "organic" buying by people who suddenly all decided to buy in unison. Or maybe I'm wrong and it was caused by a bunch of people buying because of the paypal news, but I doubt it...

I followed the rally early on and decided @ about $415 that someone was trying to squeeze those 11000 shorts out. So I went "picking up pennies in front of the steamroller" - I bought into the askwalls, then set up my own askwalls at a slighty higher price. Worked out well, but I would have been in trouble if the price had reversed suddenly. Bids were very thin, so I wouldn't have been able to sell the coins back at the price I bought them at. Was probably not a good idea, even though I made some profit.

Edit: I'm still all in fiat, and comfortably so. Still bearish in the midterm, and think that the paypal news is overvalued (although it's certainly good news, for the long term).

[adamstgBit]

bitfinex finally updated

shorts:
was 11,325.44 BTC
now 10,604.50 BTC

~750 coins covered thats it!?

run for your lives!!!!

What percentage of these coins are for walls and what already sold?

You don't need reserved coins for setting a wall (offer).

I know but if you borrow coins you can either sell them immediately or put ask walls - how do we know what is happening?

idk. i see numbers and i report them and throw in some insanity,  that is all.

[adamstgBit]

seems you're right ( these numbers are like a good 30 mins behind i think) it looks like so far 400coins where short sold during the run up.

[Torque]

It's good to see bitcoin going up for a change.  But this rally feels like...

[marthelo]

his also means every company that works with paypal is going to accept btc through paypal. this will be the largest climb ever

the price is being artificially pushed down so some asshole can make a killing


https://www.youtube.com/watch?v=zCVQa2RbuCA&feature=youtu.be&t=4m55s

check the date and time on this... i nailed it ... please tip 198i7zCipYATtCB13V9HSv8EnuDCN2oYXE

[oda.krell]

A few minutes before the rally started nearly all the bids on Bitstamp down to 360 were removed within in a second. Also quite a lot of asks were removed, but far less than bids. I switched over to the trading PC and by then everything was back to normal. Did anyone else catch that? I wonder what that was all about, there were literally only a few dozen coins worth of bids down to 360, basically just a long flat green line (on bitcoinity.org). A bug maybe? But would be a weird coincidence because it happened right before that rally.

About the rally itself: I kinda feel that this was orchestrated by a single entity, probably in order to induce a short squeeze. I doubt very much that this was "organic" buying by people who suddenly all decided to buy in unison. Or maybe I'm wrong and it was caused by a bunch of people buying because of the paypal news, but I doubt it...

I followed the rally early on and decided @ about $415 that someone was trying to squeeze those 11000 shorts out. So I went "picking up pennies in front of the steamroller" - I bought into the askwalls, then set up my own askwalls at a slighty higher price. Worked out well, but I would have been in trouble if the price had reversed suddenly. Bids were very thin, so I wouldn't have been able to sell the coins back at the price I bought them at. Was probably not a good idea, even though I made some profit.

Similar to my own ideas: I don't think it was "organic" either, in the sense of buying pressure slowly building up, then being released. Looked like a single entity to me as well, only question is: why? Seems by buying gradually, you could minimize slippage, so assuming the original assumption (one entity driving this one) is right, I can see two reasons to buy it all at once, across exchanges: to "make a point" for the bulls, or to squeeze shorts. The latter didn't seem to work (so far), however, judging by the finex stats.

[ChartBuddy]

Explanation
https://i.imgur.com/owcCG6S.png
https://i.imgur.com/C1gXdZo.png

[adamstgBit]

[adamstgBit]

new target 420. 420 is happening poeple, i will buy cheap coins! i will!

[MoreFun]

bitfinex finally updated

shorts:
was 11,325.44 BTC
now 10,604.50 BTC

~750 coins covered thats it!?

run for your lives!!!!

What percentage of these coins are for walls and what already sold?

You don't need reserved coins for setting a wall (offer).

I know but if you borrow coins you can either sell them immediately or put ask walls - how do we know what is happening?

You don't know. You can borrow 5k if you have enough funds to cover and "scare everyone", and release it after few hours and pay few bucks.

[Kupsi]

Goodbye Bitcoin it was nice knowing you !!!

Have just cashed out and dont think I will be coming back :-( seems like the whales are killing the geese that lay the golden eggs !!!

Just don't do it.  Really.  If you already did it, at least buy a little back in.  Nothing is worse than watching a Bitcoin bubble from the sidelines, IMHO.

what bitcoin bubble? stop dreaming poeple, bitcoin is hurt bad, not saying its going to drop much further, but stop thinking its just going to magically go up in a bubblish way.

maybe next year.

800 next week!

[findftp]

his also means every company that works with paypal is going to accept btc through paypal. this will be the largest climb ever

the price is being artificially pushed down so some asshole can make a killing


https://www.youtube.com/watch?v=zCVQa2RbuCA&feature=youtu.be&t=4m55s

check the date and time on this... i nailed it ... please tip 198i7zCipYATtCB13V9HSv8EnuDCN2oYXE

 I was closer, check date and time.
Please give bigger tip(and yours as well).
1K9vcx2wAiS6gDeNZcjKfqJtZ7anYJWZe5

Can somebody quote me on calling the bottom?
I would like to say "told you" in the future.

Today I had a new insight which confirms my previous prediction about the next bubble start (which you can read at the left)

[blatchcorn]

Hey guys what I miss?

[macsga]

new target 420. 420 is happening poeple, i will buy cheap coins! i will!

Adam, quit trolling the people here will ya?

[MoreFun]

A few minutes before the rally started nearly all the bids on Bitstamp down to 360 were removed within in a second. Also quite a lot of asks were removed, but far less than bids. I switched over to the trading PC and by then everything was back to normal. Did anyone else catch that? I wonder what that was all about, there were literally only a few dozen coins worth of bids down to 360, basically just a long flat green line (on bitcoinity.org). A bug maybe? But would be a weird coincidence because it happened right before that rally.

About the rally itself: I kinda feel that this was orchestrated by a single entity, probably in order to induce a short squeeze. I doubt very much that this was "organic" buying by people who suddenly all decided to buy in unison. Or maybe I'm wrong and it was caused by a bunch of people buying because of the paypal news, but I doubt it...

I followed the rally early on and decided @ about $415 that someone was trying to squeeze those 11000 shorts out. So I went "picking up pennies in front of the steamroller" - I bought into the askwalls, then set up my own askwalls at a slighty higher price. Worked out well, but I would have been in trouble if the price had reversed suddenly. Bids were very thin, so I wouldn't have been able to sell the coins back at the price I bought them at. Was probably not a good idea, even though I made some profit.

Similar to my own ideas: I don't think it was "organic" either, in the sense of buying pressure slowly building up, then being released. Looked like a single entity to me as well, only question is: why? Seems by buying gradually, you could minimize slippage, so assuming the original assumption (one entity driving this one) is right, I can see two reasons to buy it all at once, across exchanges: to "make a point" for the bulls, or to squeeze shorts. The latter didn't seem to work (so far), however, judging by the finex stats.

This was clearly a bug at bitcoinity, happens a lot. Their bids/asks live chart for stamp is so unreal and not realiable to monitor lively and track changes. You need to use stamp order book chart to help with it to see how things really stands.

[AmazonStuff]

For all people who just came to the forum, this is what caused the sudden spike:

http://techcrunch.com/2014/09/23/bitcoins-price-skyrockets-following-paypals-hug/