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

[Davyd05]

Honestly this is the question we don't know for sure the answer, but we know that they are not selling off (going out of BTC) - it would be much more simple and much more profitable to sell it on OTC - even 50k+ coins. But much more believable is, that they want to accumulate cheap (maybe even through cheap OTC bulk buys) and rinse & repeat the bubble. Being end goal BTC at 0 is low probability, cause they were probably early in the game and understand the things well, this would be possible only in the case if someone is doing this who doesn't want BTC to succeed (banks, gvt...). Or if these coins are stolen and they really have xxx.000 BTC (but probably exchanges would get them). But all this killing BTC in imo less than 10% chance.

And remember - China is not the cause of all this rise and fall, its the tool.

My theory is that they want to push to 350, but not much lower. Lower towards $200s will encourage longer-term holders to sell, and of course the whales need them as support on the way up. Their dumps are getting smaller as the price gets lower. They were rejected @ 375 and will have to spend considerably more coin to knock the price down.

They don't dump anymore, they just dump in mostly their own walls and when price is high (paypal push). They control the sentiment and orderbooks and price action so others sell for them. Do you think they care if price is $100 for two days so they can get XX.000 BTC and they push it to 500 in the next two days. Its all about their plan. To bad we don't know what it is.

as tinfoil hattish as it seems, with a limited user base and people with money out there taking advantage of that fact it's hard to deny the truth to it.

[bassclef]

Honestly this is the question we don't know for sure the answer, but we know that they are not selling off (going out of BTC) - it would be much more simple and much more profitable to sell it on OTC - even 50k+ coins. But much more believable is, that they want to accumulate cheap (maybe even through cheap OTC bulk buys) and rinse & repeat the bubble. Being end goal BTC at 0 is low probability, cause they were probably early in the game and understand the things well, this would be possible only in the case if someone is doing this who doesn't want BTC to succeed (banks, gvt...). Or if these coins are stolen and they really have xxx.000 BTC (but probably exchanges would get them). But all this killing BTC in imo less than 10% chance.

And remember - China is not the cause of all this rise and fall, its the tool.

My theory is that they want to push to 350, but not much lower. Lower towards $200s will encourage longer-term holders to sell, and of course the whales need them as support on the way up. Their dumps are getting smaller as the price gets lower. They were rejected @ 375 and will have to spend considerably more coin to knock the price down.

They don't dump anymore, they just dump in mostly their own walls and when price is high (paypal push). They control the sentiment and orderbooks and price action so others sell for them. Do you think they care if price is $100 for two days so they can get XX.000 BTC and they push it to 500 in the next two days. Its all about their plan. To bad we don't know what it is.

But there is the question of loss of confidence. If they want this cash cow to remain profitable in the coming years (and they absolutely do want this) then a dip into $100s isn't exactly good for PR. Besides they'll have to risk a lot more to get there.

[MoreFun]

Honestly this is the question we don't know for sure the answer, but we know that they are not selling off (going out of BTC) - it would be much more simple and much more profitable to sell it on OTC - even 50k+ coins. But much more believable is, that they want to accumulate cheap (maybe even through cheap OTC bulk buys) and rinse & repeat the bubble. Being end goal BTC at 0 is low probability, cause they were probably early in the game and understand the things well, this would be possible only in the case if someone is doing this who doesn't want BTC to succeed (banks, gvt...). Or if these coins are stolen and they really have xxx.000 BTC (but probably exchanges would get them). But all this killing BTC in imo less than 10% chance.

And remember - China is not the cause of all this rise and fall, its the tool.

My theory is that they want to push to 350, but not much lower. Lower towards $200s will encourage longer-term holders to sell, and of course the whales need them as support on the way up. Their dumps are getting smaller as the price gets lower. They were rejected @ 375 and will have to spend considerably more coin to knock the price down.

They don't dump anymore, they just dump in mostly their own walls and when price is high (paypal push). They control the sentiment and orderbooks and price action so others sell for them. Do you think they care if price is $100 for two days so they can get XX.000 BTC and they push it to 500 in the next two days. Its all about their plan. To bad we don't know what it is.

But there is the question of loss of confidence. If they want this cash cow to remain profitable in the coming years (and they absolutely do want this) then a dip into $100s isn't exactly good for PR. Besides they'll have to risk a lot more to get there.

I'm not saying 100 is the plan, but that if they planned this, it is simple to do. When price will be at 1000 few months later, x00 won't matter anymore, just the next moon and fresh money to be milked again. But I agree that such low price is not good for PR.

[aztecminer]

Don't worry people.
Just hold tight!

finally. somebody who makes sense!

[Davyd05]

http://arstechnica.com/tech-policy/2014/09/feds-butterfly-labs-mined-bitcoins-on-customers-boxes-before-shipping/

These guys were capital A Assholes...holy fudge.

Man I don't why it never clicked to be that a machine testing should be tied to a customer order, the coins are then mined and sent to the customer's address sans hosting fees. Easy peezy keep the customer happy while avoiding any breakdowns from not being able to test machinery.

[AirFlame]

Yea circle is making some order to this hell chaos

[gizmoh]

When Gox was here THEY and their walls was clearly identifiable, now its very much covert.. as if their Boss aka Karpeles has retired 

[fonzie]

I think Adam was right about circle, looks like there's regular buys started on bitfinex.

 

[bassclef]

Honestly this is the question we don't know for sure the answer, but we know that they are not selling off (going out of BTC) - it would be much more simple and much more profitable to sell it on OTC - even 50k+ coins. But much more believable is, that they want to accumulate cheap (maybe even through cheap OTC bulk buys) and rinse & repeat the bubble. Being end goal BTC at 0 is low probability, cause they were probably early in the game and understand the things well, this would be possible only in the case if someone is doing this who doesn't want BTC to succeed (banks, gvt...). Or if these coins are stolen and they really have xxx.000 BTC (but probably exchanges would get them). But all this killing BTC in imo less than 10% chance.

And remember - China is not the cause of all this rise and fall, its the tool.

My theory is that they want to push to 350, but not much lower. Lower towards $200s will encourage longer-term holders to sell, and of course the whales need them as support on the way up. Their dumps are getting smaller as the price gets lower. They were rejected @ 375 and will have to spend considerably more coin to knock the price down.

They don't dump anymore, they just dump in mostly their own walls and when price is high (paypal push). They control the sentiment and orderbooks and price action so others sell for them. Do you think they care if price is $100 for two days so they can get XX.000 BTC and they push it to 500 in the next two days. Its all about their plan. To bad we don't know what it is.

But there is the question of loss of confidence. If they want this cash cow to remain profitable in the coming years (and they absolutely do want this) then a dip into $100s isn't exactly good for PR. Besides they'll have to risk a lot more to get there.

I'm not saying 100 is the plan, but that if they planned this, it is simple to do. When price will be at 1000s few months later, x00 won't matter anymore, just the next moon and fresh money to be milked again.

On a long-term chart a dip like that would look bad to technical analysts, who make up a big portion of their help during large moves. It would be in their interest to keep the trendline intact. Surely they understand the implications of this technology, regardless of their heartlessness and greed in the short term.

Not saying 100-200 can't happen either, but I'd like to think that they can't control every aspect of the market across all exchanges, especially with exponential adoption and exchanges popping up everywhere.

[MoreFun]

When Gox was here THEY and their walls was clearly identifiable, now its very much covert.. as if their Boss aka Karpeles has retired  

Their tool is China and there they can do whatever they want, control whole market and at the end just dump at stamp to confirm its not just about china. Story ended, market goes their way. Walls still work as that way they manipulate stamp very good, but this is just to make price stable and fixed below the wanted price.

[adamstgBit]

I think Adam was right about circle, looks like there's regular buys started on bitfinex.

 

you don't filter out the billion 0.1 traders?

[findftp]

I think Adam was right about circle, looks like there's regular buys started on bitfinex.

Can I lend your glasses?

[fonzie]

I think Adam was right about circle, looks like there's regular buys started on bitfinex.

 

you don't filter out the billion 0.1 traders?

not possible on wisdom, only on bitcoinity i thought??

[acsalles]

Probably miners are dumping newly generated coins and "old guys" like us are either full in; or  - as in my case - on the limit of the strategy "do not risk more that you can afford to loose". After converting 10% of my life's savings into Bitcoin, I am now hesitating as hell to convert even more Fiat into BTC. And believe me, I lost a hell of money in the process of believing in the technology. Unfortunately I came into the game on Dec/2013.

What we need is something that turns Bitcoin trxs as easy for general audience as email sending. It cannot be that whole new herds of users are forced to go through bottlenecks as the handfull (if so) number of classic exchanges located in non-sexy places.

The reason why I am a full Hodler and still following the daily news about it, is surely the innovation of technology + the bet that soon or later, the WKV twins will succeed to launch their ETF.

When people can start to invest using classic channels and a cell phone call, then we will have the required number of wealthy users, I think.

[Wexlike]

Probably miners are dumping newly generated coins and "old guys" like us are either full in; or  - as in my case - on the limit of the strategy "do not risk more that you can afford to loose". After converting 10% of my life's savings into Bitcoin, I am now hesitating as hell to convert even more Fiat into BTC. And believe me, I lost a hell of money in the process of believing in the technology. Unfortunately I came into the game on Dec/2013.

What we need is something that turns Bitcoin trxs as easy for general audience as email sending. It cannot be that whole new herds of users are forced to go through bottlenecks as the handfull (if so) number of classic exchanges located in non-sexy places.

The reason why I am a full Hodler and still following the daily news about it, is surely the innovation of technology + the bet that soon or later, the WKV twins will succeed to launch their ETF.

When people can start to invest using classic channels and a cell phone call, then we will have the required number of wealthy users, I think.

What are you waiting for ? Buy ??!

[acsalles]

Because I cannot afford to loose more than the money I already lost and have already invested on it.

[Wexlike]

Because I cannot afford to loose more than the money I already lost and have already invested on it.

Then don't buy. Sucks that you went all-in at the top of the bubble, but i would have done the same if i had liquid funds back then.

[exocytosis]

Yea circle is making some order to this hell chaos

Hadn't it been for the "fantastic" Circle news, we would've probably been below 350 by now.

Now, 350 was delayed by a day or two.

[acsalles]

Because I cannot afford to loose more than the money I already lost and have already invested on it.

Then don't buy. Sucks that you went all-in at the top of the bubble, but i would have done the same if i had liquid funds back then.

Correct... I was liquid as hell when the bubble reached mainstream last year. For me was easy to commit. My strategy is to ensure that my cold wallets are safe and follow the news for the next 3~4 years.
If, and only if, Proce is consistently growing in the way I find it's sustainable (like ETF) then I am going to double my position.

[Richy_T]

But there is the question of loss of confidence. If they want this cash cow to remain profitable in the coming years (and they absolutely do want this) then a dip into $100s isn't exactly good for PR. Besides they'll have to risk a lot more to get there.

They'll just move on to something else (if true).