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

[piyany]

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.

I will tell you why. Now we will stay in this range for some time so the whales can distribute more coins to some bulls thinking we gonna go above 450$ and stay there (which would mean breaking  downtrend that was going for months). This is very bad because price will still go down after all but we gonna have another level of resistance later on on the way up. F*ck you whales, could have dumped some more to retest previous lows first and then rebound with this news.

[adamstgBit]

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

Adam, quit trolling the people here will ya?

[kingama]

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.

My question for those that have watched the markets is, how do shorts react to this type of increase. Do they get fearful of putting in more shorts or do they just think what goes up must come down and increase their short interest? Hopefully it's the first.

[hyphymikey]

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)

The biggest tip you would have ever gotten was if you bought at the bottom that you "called".

[JorgeStolfi]

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...

The rally that started May 20 too consisted of a few episodes of intense buying, 1-2 hour long, that drove the price up  by ~50$ each time; separated by "organic-looking" periods where the price just wandered about, often with a downward trend. 

Could this rally be the  first of another (mini-)bubble like that?

[macsga]

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.

Gentlemen, as long as *THIS ONE ENTITY* has the dough to move the markets, there you have it. I don't see a point to find out the reason. Maybe he has no reason at all. Maybe he thinks, at this moment, this move is a great investment, or maybe he just thought that the Paypal news will turn the things around.

There have been a hell of a lot of reasons that BTC should go up all these months, but guess what... it didn't. Why don't you ask yourselves why was so in the first place?

We're floating in a pond that's full of whales. If one of them decides to make a move, many of us will feel like it's the mother of all storms coming over and over again. So here's your whale, he made his move. Waves coming. Let's all deal with it.

[Thomas-s]

https://twitter.com/WhaleStJournal/status/514501974910590976



Bagholder of the year?

[seriouscoin]

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...

The rally that started May 20 too consisted of a few episodes of intense buying, 1-2 hour long, that drove the price up  by ~50$ each time; separated by "organic-looking" periods where the price just wandered about, often with a downward trend. 

Could this rally be the  first of another (mini-)bubble like that?

As i said many times in the past (since 2011 bubble), we will have at least 5 bubbles during the price discovery process. So far we had only 3 bubbles, so we got a few more bubbles. During this process, the bitcoin network adoption/development will grow tens folds.

Notice all the idiotic bears in this forum are all registered after the last bubble? 2013 earliest?

[jaredboice]

https://twitter.com/WhaleStJournal/status/514501974910590976



Bagholder of the year?

More like Understater of the Year.  In 3 years time, I think you could potentially add an extra zero to his price projection

[klee]

https://twitter.com/WhaleStJournal/status/514501974910590976

Bagholder of the year?

I am sure you know how to make money better than him...

[jaredboice]

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...

The rally that started May 20 too consisted of a few episodes of intense buying, 1-2 hour long, that drove the price up  by ~50$ each time; separated by "organic-looking" periods where the price just wandered about, often with a downward trend. 

Could this rally be the  first of another (mini-)bubble like that?

As i said many times in the past (since 2011 bubble), we will have at least 5 bubbles during the price discovery process. So far we had only 3 bubbles, so we got a few more bubbles. During this process, the bitcoin network adoption/development will grow tens folds.

Notice all the idiotic bears in this forum are all registered after the last bubble? 2013 earliest?

I'd say we have at least 3 more arc cycles before optimal price discovery.  Possibly 4.  Of course, if one ore two of those arc cycles go more parabolic than usual than who knows

[Torque]

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.

Gentlemen, as long as *THIS ONE ENTITY* has the dough to move the markets, there you have it. I don't see a point to find out the reason. Maybe he has no reason at all. Maybe he thinks, at this moment, this move is a great investment, or maybe he just thought that the Paypal news will turn the things around.

There have been a hell of a lot of reasons that BTC should go up all these months, but guess what... it didn't. Why don't you ask yourselves why was so in the first place?

We're floating in a pond that's full of whales. If one of them decides to make a move, many of us will feel like it's the mother of all storms coming over and over again. So here's your whale, he made his move. Waves coming. Let's all deal with it.

Yes, but one whale will run out of funds soon.  We need TONS of whales all working in tandem.  Momentum can't just peak out, it has to keep going for weeks with heavy volume to fool (er, convince) the public.

[jeezy]

https://twitter.com/WhaleStJournal/status/514501974910590976



Bagholder of the year?

More like Understater of the Year.  In 3 years time, I think you could potentially add an extra zero to his price projection

Is this confirmed?

[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.

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.

I'm not talking about bitcoinity, or any order book particulars. I simply agreed with colour that the action of the last hour looks more like a single massive buying entity  ("whale") to me than organic release of built up buying pressure.

[adamstgBit]

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.

I'm not talking about bitcoinity, or any order book particulars. I simply agreed with colour that the action of the last hour looks more like a single massive buying entity  ("whale") to me than organic release of built up buying pressure.

stop loss hunt?

who cares!?

virtex is up.

[pinky]

Is this confirmed?

Yes, I can confirm this.

[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.

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.

I'm not talking about bitcoinity, or any order book particulars. I simply agreed with colour that the action of the last hour looks more like a single massive buying entity  ("whale") to me than organic release of built up buying pressure.

stop loss hunt?

who cares!?

virtex is up.

agreed. most likely, imo.

that, or loaded made good on his implied promise

[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.

I'm not talking about bitcoinity, or any order book particulars. I simply agreed with colour that the action of the last hour looks more like a single massive buying entity  ("whale") to me than organic release of built up buying pressure.

Sorry, I was commenting colours first paragraph (didn't have time to search for his post ).

For the other part, this was all natural and bought by many users, was seen very clearly - then we just started following china till they broke the top. No single entity, you don't need one, just maybe starting push - 800btc on stamp.

[mymenace]

based on the amount of memberships looks like bitcoin rally might be for real

track bitcoin price by new members to the forum is it possible


Month    New Members
 Sep-14    8036
Aug-14   11443
Jul-14   11119
Jun-14   11952
May-14   14264
Apr-14   17948
Mar-14   45800
Feb-14   25448
Jan-14   26625
Dec-13   31775
Nov-13   19683
Oct-13   2927
Sep-13   5156
Aug-13   6052
Jul-13   7413
Jun-13   9373
May-13   15512
Apr-13   18712
Mar-13   7358
Feb-13   3532
Jan-13   3184
Dec-12   2766
Nov-12   2708
Oct-12   3200
Sep-12   2345
Aug-12   2395
Jul-12   2109
Jun-12   2080
May-12   2018
Apr-12   2072
Mar-12   2118
Feb-12   1991
Jan-12   2051
Dec-11   1725
Nov-11   1993
Oct-11   2078
Sep-11   2452
Aug-11   3866
Jul-11   5466
Jun-11   14483
May-11   5959
Apr-11   2924
Mar-11   2538
Feb-11   1379
Jan-11   837
Dec-10   680
Nov-10   374
Oct-10   315
Sep-10   587
Aug-10   515
Jul-10   370
Jun-10   55
May-10   65
Apr-10   73
Mar-10   40
Feb-10   25
Jan-10   9
Dec-09   15
Nov-09   4

[macsga]

track bitcoin price by new members to the forum is it possible


Month    New Members
 Sep-14    8036
Aug-14   11443
Jul-14   11119
Jun-14   11952
May-14   14264
Apr-14   17948
Mar-14   45800
Feb-14   25448
Jan-14   26625
Dec-13   31775
Nov-13   19683
Oct-13   2927
Sep-13   5156
Aug-13   6052
Jul-13   7413
Jun-13   9373
May-13   15512
Apr-13   18712
Mar-13   7358
Feb-13   3532
Jan-13   3184
Dec-12   2766
Nov-12   2708
Oct-12   3200
Sep-12   2345
Aug-12   2395
Jul-12   2109
Jun-12   2080
May-12   2018
Apr-12   2072
Mar-12   2118
Feb-12   1991
Jan-12   2051
Dec-11   1725
Nov-11   1993
Oct-11   2078
Sep-11   2452
Aug-11   3866
Jul-11   5466
Jun-11   14483
May-11   5959
Apr-11   2924
Mar-11   2538
Feb-11   1379
Jan-11   837
Dec-10   680
Nov-10   374
Oct-10   315
Sep-10   587
Aug-10   515
Jul-10   370
Jun-10   55
May-10   65
Apr-10   73
Mar-10   40
Feb-10   25
Jan-10   9
Dec-09   15
Nov-09   4

DAT stats !!!!