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

[bassclef]

The positive part of this is that we can recognize and trade certain predictable market behavior.

That's right, if you know the dumper is going to dump, you can profit from it. Simply wait to buy until you see his large sells. Let him come to you since he wants to unload coins so badly. Wait until the market moves toward his large walls and buy directly into them. When he clears the order book, place your buy orders to replace them. Make him work for it. The nice part is that this community and market is small enough to manipulate, yes, but the community will quickly coalesce to move against manipulators if need be.

[aztecminer]

I hardly see anyone cheering anymore every time we go down. What's the problem? Are all these cheap coins not so much fun anymore?

because there is no such thing called "cheap coins", coins will be cheaper and cheaper therefore less and less people want it

those who yelling for "cheap coins" are permabulls or scammers, that's why only few trolls are cheering about it

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

Perma bull here. I don't mine.

Permabull here. I mine and don't sell.

+1 mine but don't sell. i'm cutting my looses and converting usd currency into other assets as much as possible.

[prophetx]

...
You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit?  Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

...
The miners need to unionize!

Miners, unite!
You have nothing to lose but your chains!
You are the Bitcoin proletariat, your struggle is the class struggle!
If more than 51% of you unionize, you won't have to plead, you could DEMAND more $ per BTC, or else fork the fat, greedy oppressor!
The so-called "early adopters" will HAVE TO mortgage their fancy wives and houses to to protect their ill-gotten Bitcoin spoils.
The price will skyrocket, everyone will eat peaches and cream!
Fight the power!

UNION POOL NOW!

under pure communism money does not exist, and if this were to happen then bitcoin as money would no longer exist

[smiley123]

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

It's not buying back. It's setting his price on exchanges so he can buy off-exchange.

Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money

You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit?  Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

This idea that miners are selling off exchange baffles me a bit.  Maybe there is something that I don't understand, but aren't miners just shooting themselves in the foot by selling off exchange.  Wouldn't they just be giving someone else the power to suppress the price while at the same time losing any buying pressure on the price.  If this turns out to be big miners trying to squeeze out inefficient miners, then I can see this taking a very long time to play out.

[NotLambchop]

The positive part of this is that ... the community will quickly coalesce to move against manipulators if need be.

Nah, because prisoner's dilemma/tragedy of the commons.  

[NotLambchop]

...
under pure communism money does not exist, and if this were to happen then bitcoin as money would no longer exist

Comrade, under Communism, unions do not exist.

[tarmi]

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

It's not buying back. It's setting his price on exchanges so he can buy off-exchange.

Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money

You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit?  Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

This idea that miners are selling off exchange baffles me a bit.  Maybe there is something that I don't understand, but aren't miners just shooting themselves in the foot by selling off exchange.  Wouldn't they just be giving someone else the power to suppress the price while at the same time losing any buying pressure on the price.  If this turns out to be big miners trying to squeeze out inefficient miners, then I can see this taking a very long time to play out.

try to sell 10 k + coins on bitstamp all in one go and watch what will happen with the price.

[FNG]

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

It's not buying back. It's setting his price on exchanges so he can buy off-exchange.

Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money

You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit?  Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

This idea that miners are selling off exchange baffles me a bit.  Maybe there is something that I don't understand, but aren't miners just shooting themselves in the foot by selling off exchange.  Wouldn't they just be giving someone else the power to suppress the price while at the same time losing any buying pressure on the price.  If this turns out to be big miners trying to squeeze out inefficient miners, then I can see this taking a very long time to play out.

try to sell 10 k + coins on bitstamp and watch what will happen with the price.

This. They can deal with immediate slippage or sell off exchange for none

[aztecminer]

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

It's not buying back. It's setting his price on exchanges so he can buy off-exchange.

Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money

You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit?  Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

well mining at this price is good since usa miners have to pay income tax on bitcoin mined at the price they are mined at.
so while everyone is panicking i am continue mining!
with the latest mining gear we appear to be good for mining into the beginning of next year.
maybe first few months of next year unless some new mining gear hits.
this decline in bitcoin, gold, and silver started as the dollar went up .
we are at our third peak in five years and each peak has resulted in a crash of the dollar.
it is possible we are at the run-up to the final crash of the dollar.
i heard a rumor when blood is in the streets then is time to buy!

[samsonn25]

Always some arbitragers looking  for a certain amount.

Also everyone know to sell 10000 btc at market price will make seller alot less!

[Dalmar]

well mining at this price is good since usa miners have to pay income tax on bitcoin mined at the price they are mined at.
so while everyone is panicking i am continue mining!
with the latest mining gear we appear to be good for mining into the beginning of next year.
maybe first few months of next year unless some new mining gear hits.
this decline in bitcoin, gold, and silver started as the dollar went up .
we are at our third peak in five years and each peak has resulted in a crash of the dollar.
it is possible we are at the run-up to the final crash of the dollar.
i heard a rumor when blood is in the streets then is time to buy!

The federal reserve is ending QE while the ECB is starting QE-like programs. As the euro has a 57.6% weight in DXY the dollar is unlikely to crash any time soon.

[smiley123]

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

It's not buying back. It's setting his price on exchanges so he can buy off-exchange.

Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money

You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit?  Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

This idea that miners are selling off exchange baffles me a bit.  Maybe there is something that I don't understand, but aren't miners just shooting themselves in the foot by selling off exchange.  Wouldn't they just be giving someone else the power to suppress the price while at the same time losing any buying pressure on the price.  If this turns out to be big miners trying to squeeze out inefficient miners, then I can see this taking a very long time to play out.

try to sell 10 k + coins on bitstamp and watch what will happen with the price.

True. I guess it is a question of slippage, but if those are mined coins then they are being used to suppress price anyways.  I guess it works out for the miners as long as the sellers don't overdo it.

[aztecminer]

well mining at this price is good since usa miners have to pay income tax on bitcoin mined at the price they are mined at.
so while everyone is panicking i am continue mining!
with the latest mining gear we appear to be good for mining into the beginning of next year.
maybe first few months of next year unless some new mining gear hits.
this decline in bitcoin, gold, and silver started as the dollar went up .
we are at our third peak in five years and each peak has resulted in a crash of the dollar.
it is possible we are at the run-up to the final crash of the dollar.
i heard a rumor when blood is in the streets then is time to buy!

The federal reserve is ending QE while the ECB is starting QE-like programs. As the euro has a 57.6% weight in DXY it's unlikely to crash any time soon.

they are not ending QE. they are moving their QE buying to Belgium.
they are fukd if they end QE. it aint gonna happen.
they are planning the death of the dollar .

[FNG]

The federal reserve is ending QE.

lol

[Dalmar]

they are not ending QE. they are moving their QE buying to Belgium.
they are fukd if they end QE. it aint gonna happen.
they are planning the death of the dollar .

Well, they are ending their public QE program. That's the only thing that matters to forex traders.

[ChartBuddy]

Explanation

[aztecminer]

they are not ending QE. they are moving their QE buying to Belgium.
they are fukd if they end QE. it aint gonna happen.
they are planning the death of the dollar .

Well, they are ending their public QE program. That's the only thing that forex traders care about.

don't get caught holding a wheel barrel full of usd and stocks and bonds is all i am saying.
i doubt anything goes down economically before the elections.
they will maintain the illusion of economic recovery at least till then.
stocks are at all-time highs ?? maybe is good time to SELL.
maybe is good timing to go against what all the sheeple are doing.

[karolina]

they are not ending QE. they are moving their QE buying to Belgium.
they are fukd if they end QE. it aint gonna happen.
they are planning the death of the dollar .

Well, they are ending their public QE program. That's the only thing that forex traders care about.

don't get caught holding a wheel barrel full of usd and stocks and bonds is all i am saying.
i doubt anything goes down economically before the elections.
they will maintain the illusion of economic recovery at least till then.
stocks are at all-time highs ?? maybe is good time to SELL.
maybe is good timing to go against what all the sheeple are doing.

Couldn't agree more. +1

[Chuckee]

Everyone here hates me for being pessimistic about bitcoin this year (and for always being right) but at least I can say that if you had your money in bitcoin, you've done better today than putting it in the stock markets. Holy shit, I just can't fucking win.

[aminorex]

That depends on whether your money is in a bullish position or a bearish position, Chuckee.  Anyhow, they will be banging the close soon.

Monkey is a BTC buyer.  Above 395 next resistances are 400 and 413.  375 is support.  I.e., monkey tries to buy close to 375.

What happens on October 3rd anyhow?