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

[fonzie]

Some trolls here still try to deny that he is using the oldest trick ever aka buy everything up below your sell wall...

[derpinheimer]

Battle of the manipulators?  

The instant the wall was pulled, BFX went nuts. It wasnt the other way around.

At first I though the price started to rise on BFX and the wall guy removed it.. which would lead me to believe it was fake, but that is not the case.

He might have been moving it down and now is confused as the price just shot up.

[NotLambchop]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

I guess he/they simple wants sell. Maybe speculated for a double bottom and failed. Now he wants to take the ~9,000,000 USD leave the game. I think: it's an offer, not bearish, not bullish, a simple offer.

It's bearish only in the sense that it invalidates all the "big players are paying premium prices, buying OTC to avoid slippage."

Only if it sells..

Actually, just the opposite.  The wall being bought would mean that big players do want to buy large quantities without slippage.

Seriously. I´m sure all of the big players that are interested in buying huge chunks have 10 Mio+ laying around on Bitstamp (and on every other exchange to be sure) sitting in front of their computer24/7, just in case someone puts up a 30k BTC wall... And it´s weekend btw.
That wall has been around for a few hours on a Sunday. we´ll see how much longer it stays.

You trade large amounts without your cell ringing when the price hits your mark?
And you think it's some minnow risking 27k coin on a Sunday?

ehh, i was sarcastic about the part that people have millions of USD on every exchange just in case a opportunity arises to buy huge sum of coins without slippage.

Yes, sure.  But there was NO volume buying into the wall.  This would have to mean that the big guys have NO fiat on exchanges.  If that's the case, why?

[uhoh]

There's a premium that would need to be paid for someone to acquire 30K.. look at the USMS Auction. To show a 30K wall would be completely stupid unless, of course, it's just designed to scare people. It's working.

And yet nobody wants to buy it

Ex-fuggin-zactly. No one wants this shit. You wanted cheap coins? Here they are! No? You wont buy until $274? Oh ok. Tomorrow: $260. Oh, you wont buy until $259?


Oh, you are actually just a desperate bulltard trying to pretend these prices are sooooooo low and the steal of a lifetime... all the way from $600? Eat shit.

I'm not buying, I haven't bought this year, and I don't remember saying that these prices are the steal of a lifetime. Be civil or "eat shit" yourself.

[Walsoraj]

Whoever owns that wall probably has inside info about fiat that just landed on the exchange but sits offbook. Pulling the wall causes a short term spike, tempting fiat to move onbook.

[criptix]

Yes, sure.  But there was NO volume buying into the wall.  This would have to mean that the big guys have NO fiat on exchanges.  If that's the case, why?

theres one simple answer: trust, or rather the lack of it.

[Nemesis]

more fun?
 

I own this market!

[blaaaaacksuit]

more fun?
 

I own this market!

I can't tell if you're trolling.

[derpinheimer]

There's a premium that would need to be paid for someone to acquire 30K.. look at the USMS Auction. To show a 30K wall would be completely stupid unless, of course, it's just designed to scare people. It's working.

And yet nobody wants to buy it

Ex-fuggin-zactly. No one wants this shit. You wanted cheap coins? Here they are! No? You wont buy until $274? Oh ok. Tomorrow: $260. Oh, you wont buy until $259?


Oh, you are actually just a desperate bulltard trying to pretend these prices are sooooooo low and the steal of a lifetime... all the way from $600? Eat shit.

I'm not buying, I haven't bought this year, and I don't remember saying that these prices are the steal of a lifetime. Be civil or "eat shit" yourself.

My post wasnt directed at you, its directed at the same people who keep saying every price is the bottom.. for the last $300 of price dropping.

[myworkaccount]

Some trolls here still try to deny that he is using the oldest trick ever aka buy everything up below your sell wall...

A lot of people/trolls here probably don't even know such a trick exists.

[fonzie]

Doesn't look like 300 will hold on stamp

So before I go to sleep.

What does everyone think is the motivation for this guy sticking 27000 bitcoins in a big ask wall?

Is he trying to stifle any move upwards (otc sale perhaps?) or encourage panic selling into bid walls that belong to him further down so he can accumulate coins?

Or is this a bearish guy who simply wants to sell his coins. 27k seems ludicrously excessive and a terrible way of going about selling.

Theories?

I guess he/they simple wants sell. Maybe speculated for a double bottom and failed. Now he wants to take the ~9,000,000 USD leave the game. I think: it's an offer, not bearish, not bullish, a simple offer.

It's bearish only in the sense that it invalidates all the "big players are paying premium prices, buying OTC to avoid slippage."

Only if it sells..

Actually, just the opposite.  The wall being bought would mean that big players do want to buy large quantities without slippage.

Seriously. I´m sure all of the big players that are interested in buying huge chunks have 10 Mio+ laying around on Bitstamp (and on every other exchange to be sure) sitting in front of their computer24/7, just in case someone puts up a 30k BTC wall... And it´s weekend btw.
That wall has been around for a few hours on a Sunday. we´ll see how much longer it stays.

You trade large amounts without your cell ringing when the price hits your mark?
And you think it's some minnow risking 27k coin on a Sunday?

ehh, i was sarcastic about the part that people have millions of USD on every exchange just in case a opportunity arises to buy huge sum of coins without slippage.

Yes, sure.  But there was NO volume buying into the wall.  This would have to mean that the big guys have NO fiat on exchanges.  If that's the case, why?

Could be that it is because big guys love money and bitcoin exchanges this year(and before) havent´t been proven to be very reliable??
Small fishes are too scared too buy in a wall that big(especially after the last months that weren´t too promising about the start of an upcmoing bull trend(e.g. paypal trap), but would probably follow when the first 40-50% have been munched.

[uhoh]

There's a premium that would need to be paid for someone to acquire 30K.. look at the USMS Auction. To show a 30K wall would be completely stupid unless, of course, it's just designed to scare people. It's working.

And yet nobody wants to buy it

Ex-fuggin-zactly. No one wants this shit. You wanted cheap coins? Here they are! No? You wont buy until $274? Oh ok. Tomorrow: $260. Oh, you wont buy until $259?


Oh, you are actually just a desperate bulltard trying to pretend these prices are sooooooo low and the steal of a lifetime... all the way from $600? Eat shit.

I'm not buying, I haven't bought this year, and I don't remember saying that these prices are the steal of a lifetime. Be civil or "eat shit" yourself.

My post wasnt directed at you, its directed at the same people who keep saying every price is the bottom.. for the last $300 of price dropping.

Duly noted, and agreed with.

[tarmi]

more fun?
 

I own this market!

this market is maturing!

[klee]

more fun?
 

I own this market!

You don't own yourself though idiot

[derpinheimer]

Some trolls here still try to deny that he is using the oldest trick ever aka buy everything up below your sell wall...

A lot of people/trolls here probably don't even know such a trick exists.

Right? Remember all those walls flashing in and out at $450? Those were soooo fake! Damn sneaky bastard got himself some cheap coins! Good thing no one bought his walls!!!

[criptix]

more fun?
 

I own this market!

25 k btc bid order please. thats gonna be huge fun then  

[adamstgBit]

TREND REVERSAL BITCHES!!

 

[seriouscoin]

Fuck the Chinese miners, they're dumping 10k btc !

[Robert Paulson]

https://www.youtube.com/watch?v=EXGUNvIFTQw

[BitChick]

more fun?
 

I own this market!

I can understand using leverage if you have the ability to do so, but doesn't there come a point where you want to encourage the Bitcoin community and keep a positive sentiment for the sake of long term success?  "With great power comes great responsibility" so the saying goes.  There are many people that are new to Bitcoin that will be scared away from investing their time and resources in it just from "games" being played.  We don't want to lose these people.  They are valuable to growth and sustaining the market.