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

[macsga]

14 972

Adam says it bigger.

Just sayin'.

14 866

Just check Wisdom or btccharts.
Honest...would I lie to you

Funny chart there:
http://bitcoinity.org/markets/bitstamp/USD

[lyth0s]

Actually those coins had not been moved since September 2013 right? So that person may have not been able to access a PC during the November peak.

[Darkmatter12]

14 972

Adam says it bigger.

Just sayin'.

14 866

Just check Wisdom or btccharts.
Honest...would I lie to you

14725

[drakoin]

38,094 btc https://blockchain.info/de/address/1JX5hS3HyVT3VwnEgvoPLVu6ujPFH7BvrY
<-- 40,304 btc https://blockchain.info/de/address/159SCycgn8weAy2XGUEhD6V1RTFni7E3iq
<-- -- 35,327 btc https://blockchain.info/de/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w

And that last address 19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w has been accumulating 900-2000 btc portions between August and October 2012.

Anyone can interprete those quite regular, and similiarly sized transactions (from always 4-6 source addresses) ?


Of course, the relevance of the above to our case ... is conditioned on the conjecture that this is the seller:

wallet link to the whale who just cashed out http://bitcoinrichlist.com/address/1JX5hS3HyVT3VwnEgvoPLVu6ujPFH7BvrY?charttype=balance

those "bitcoin days lost" numbers are fudged when a whale moves his coins around often, doesn't it? tracking around all those coin movements would be a pain.

[explorer]

14 972

Adam says it bigger.

Just sayin'.

14 866

Just check Wisdom or btccharts.
Honest...would I lie to you

I was thinking more like

14623

[lyth0s]

Anyone know if the total asks (not accounting for this whale) has decreased since the wall was put up? Fewer asks in the $300's could fuel a rise after the wall.

[KryptoFoo]

how long would it take to transfer $4m USD into bitstamp to buy the wall in one fell swoop? Are we talking days or hours?

[beetcoin]

Actually those coins had not been moved since September 2013 right? So that person may have not been able to access a PC during the November peak.

one fact can be established: whoever this guy is, he moves the coins around a lot.

it could be from operating a gambling site or SR even, i don't think it's a miner now though, since he'd have to sell the coins to cover costs, and it seems he hasn't been doing that.

[lyth0s]

14 972

Adam says it bigger.

Just sayin'.

14 866

Just check Wisdom or btccharts.
Honest...would I lie to you

I was thinking more like

14623

Font size can only be 10 times the size of your epeen.

[GreekGeek]

I took a small bite of that wall too , couldn't resist

[Newar]

how long would it take to transfer $4m USD into bitstamp to buy the wall in one fell swoop? Are we talking days or hours?

Depends on your and bitstamp's bank. Do they share a common intermediary bank etc?

[drakoin]

<-- -- 35,327 btc https://blockchain.info/de/address/19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w
And that last address 19Gt9VKmmyMpMHEv6dkf8ddwmwddoSoJ8w has been accumulating 900-2000 btc portions between August and October 2012.

Back then, the price was ~25 times lower than his 300$

http://bitcoincharts.com/charts/mtgoxUSD#rg2zig2-hourzczsg2012-08-21zeg2012-10-07ztgOzm1g10zm2g25

[ChartBuddy]

Explanation

[hopefull]

Here is the problem with those that think this will rise after the wall is gone, all the shorts have bought from him, everyone that wanted to buy bought as well, where will the buyers or even a short squeeze come from?

[Fabrizio89]

Question is, how much patience has the market. I'd wait a couple of days before the next dump, but its full of emotional bag holders out there and that wall surely is scary. I guess it won't be the last one either if we manage to get through it.

[nanobrain]

Running through all the potential possibilities over the next 4 hours, I'm wondering if anyone thinks:

Mr Wall returns from his slumber. Pulls wall and sets a market order for 5K.

Watches resulting panic and market tumbles to double (maybe even single figures).

He then uses the 5MUSD he has just collected at 300 to buy up ALL the coins, ending up being the largest holder of BTC and completely controlling the market.

As Windy would say: discuss.

[Professor James Moriarty]

 I do not understand about reading charts , can someone please tell me , what do you guys think is more possible in short-term future, bitcoi hitting 400-500+ levels or 200- levels?

 It is sad to see a trend go away , every year usually people sell their bitcoins (like stocks) right before the end of the year but this time it was too soon and I think we will not have the 'every year bitcoin is getting bigger there is no down side' trend , we might get into 2015 with bitcoin worth less back when we get into 2014 :/

[beetcoin]

Here is the problem with those that think this will rise after the wall is gone, all the shorts have bought from him, everyone that wanted to buy bought as well, where will the buyers or even a short squeeze come from?

extrapolating that bitcoin will rise after this wall is probably the wrong mindset to me. the only thing it proves is that we have massive resistance at $300. this would indicate that there'd be a more likely chance that it goes upwards of $300 compared to downwards. but i don't think it will be that much.

I do not understand about reading charts , can someone please tell me , what do you guys think is more possible in short-term future, bitcoi hitting 400-500+ levels or 200- levels?

 It is sad to see a trend go away , every year usually people sell their bitcoins (like stocks) right before the end of the year but this time it was too soon and I think we will not have the 'every year bitcoin is getting bigger there is no down side' trend , we might get into 2015 with bitcoin worth less back when we get into 2014 :/

i'm not expert, but see above.

[nanobrain]

Font size can only be 10 times the size of your epeen.

What's an 'epeen'? 

[beetcoin]

Font size can only be 10 times the size of your epeen.

What's an 'epeen'? :/

electronic penis.. basically internet bragging rights.