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

[adamstgBit]

i wonder what will happen after the wall was torn down, will this manbearwhale transformed into manbullwhale and buy all the way up to 3000usd ?

Or market sell another 20KBTC to crash the price, cause a panic, and buy back well below the $300 he's getting now?

 

thats just isnt going to work

he's not going to be able to buy back all the coins he sold without pushing price up, i would think...

[1714576940]

1714576940

[1714576940]

1714576940

[1714576940]

1714576940

[MNDan]

Can we tell if the majority of them are getting bought by one buyer? Maybe this is an organized sell to a buyer that wants to do it on the exchange for fun...

[adamstgBit]

16.71K

[spooderman]

Also, is the bid sum dropping by the equivalent amount every nibble? Or is this fiat mostly invisible?

[njcarlos]

Bid depth is pretty meager. Me thinks we'll see $200 by the end of the week.

[noobtrader]

we tried to fix it with duct-tape
 but the coins were still leaking out

if you can't duck it fuck it.

what do you mean duct tape it was a chewing gum !

[Wolf Rainer]

My god this is entertaining.

So many possibilities!

Likely scenarios include the wall only getting half bought and then market dumped after everyone runs out of fiat on stamp! The move being carried out on a weekend to further insure no more fiat - against the logic of trying to get a good price for the btc.

The wall could be being eaten by the wall owner in order to give the impression that a bear whale has gone, and that the market has recovered - this would be a bullwhale who finally lost hope and wanted to sell for higher.

One thing we can't argue about any more is whether or not it's manipulation.

I can see no reason to operate so explicitly other than to manipulate.

[derpinheimer]

we tried to fix it with duct-tape
 but the coins were still leaking out

if you can't duck it fuck it.

lmfao.. literal interpretation of leaking bitcoin from hot wallet HAHAHHAHA

Bitstamp:

[nanobrain]

we tried to fix it with duct-tape
 but the coins were still leaking out

if you can't duck it, fuck it.

COMEDY GOLD

[snarlpill]

So what did the price end up bottoming out at before edging back up guys? I've been with the girl's family and driving back from out of state, haven't been able to follow this craziness at all. I do know I will be doing my part and buying as much as I can -not much- tomorrow when I can get some money moved.

[spooderman]

walsoraj exhausted his usd cannons? 

[explorer]

So what did the price end up bottoming out at before edging back up guys? I've been with the girl's family and driving back from out of state, haven't been able to follow this craziness at all. I do know I will be doing my part and buying as much as I can -not much- tomorrow when I can get some money moved.

stamp 275

[spooderman]

<5m

[seriouscoin]

... so which technical genius has a chart that predicts this action?

lol where is the guy with chinese chess avatar ? He seems to be a chart whore.

[spooderman]

millions

[molecular]

While these coins are cheap, its more scary that this large whale is most likely exiting the btc market.  Not good to see big money go out the door.

I think it's good as long as many buyers are buying. Distribute all the coins!

Unfortunately I fear that now is one of these times when only few have the balls to buy. The masses? Probably not.

[MNDan]

A viable proposal from another thread -

"I've wondered whether the Oct 15 deadline for US income tax might be playing a role. Someone who needed to sell bitcoin to pay 2013 income taxes may have taken the 6-month extension, thinking / hoping that the next bubble would have at least started by now. "

This would really make sense. The whale spent the last few days trying to get the best price possible, and now is left with setting up a wall that will get eaten hopefully in a day or two. Once eaten, it takes a few days to get the cash off of the exchange and off to the IRS.

Seems VERY bullish to me.

[spooderman]

While these coins are cheap, its more scary that this large whale is most likely exiting the btc market.  Not good to see big money go out the door.

I think it's good as long as many buyers are buying. Distribute all the coins!

Unfortunately I fear that now is one of these times when only few have the balls to buy. The masses? Probably not.

I have the balls! I just don't have the money!

[JimboToronto]

i wonder what will happen after the wall was torn down, will this manbearwhale transformed into manbullwhale and buy all the way up to 3000usd ?

Or market sell another 20KBTC to crash the price, cause a panic, and buy back well below the $300 he's getting now?

 

thats just isnt going to work

he's not going to be able to buy back all the coins he sold without pushing price up, i would think...

Unless he places staggered bids starting down from the bottom of his market sell and lets the panickers fill them.

[molecular]

guys, I just got up. Can someone give me a quick history (last ~6 hours) of that wall on stamp?

How big was it when it was put there? 17k?

Was the ~7k eaten or was the wall partly pulled?