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

[DaRude]

But why are people buying instead of dumping?

We went all the way down from $1,200 to $300. We are in a bear market.

Just because a 30,000BTC sell wall appears out of nowhere, everyone needs to buy into that wall?

Makes no sense to me!

Because we can now see the reason for the bear market. One entity with deep pockets who finally showed itself. Market doesn't like unknown. Looks like the 30k wall is it's last hooray...

[beetcoin]

So finally the stable price. Who needs Nubits? We need a huge buy wall at 299

Stable for ~10 more hours, if that. The interesting bit will be afterwards

yeah im trying to decide if i should re-buy the coin i sold today. it's probably a good idea since we're seeing so much resistance, or "people gobbling up coins at $300."

[yokosan]

this is what happens when you invest in magic internet money....

[nanobrain]

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Why do you discount 3?

Last night he market sold 8K.  another move like that would trigger and extreme panic (8K alone gets us into 210 region before everyone else panics).

He then buys up new coins at whatever new low we sink to using the 5MUSD he's just accumulated in the last 5 hours at 300.

The more I consider this the more likely I think it could be....he's exhausted buyers.

[Mervyn_Pumpkinhead]

I wouldn't be surprised if suddenly someone will quickly start to devour this wall. Then after it falls, everyone will celebrate and the price will quickly shoot up 50$!.. Only before a similar size wall will re-appear to push the price right down to 300$
I think that it would be fun to watch the despair that follows.

[superresistant]

 
I don't give a damn.

Still HODLING.

[seljo]

The great Bitstamp wall of 2014. History in the making.  

[Deadstock]

How can i sleep with this wall...

[DaRude]

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Why do you discount 3?

Last night he market sold 8K.  another move like that would trigger and extreme panic (8K alone gets us into 210 region before everyone else panics).

He then buys up new coins at whatever new low we sink to using the 5MUSD he's just accumulated in the last 5 hours at 300.

The more I consider this the more likely I think it could be....he's exhausted buyers.

He hasn't exhausted the buyers. He exhausted what little liquidity was at stamp. No sane person would keep millions on btc exchange for long time. Look at other exchanges even btc-e is above. Even arbs are getting exhausted. There's a lot of people waiting for banks to open to initiate wires. LOADED and goat are probably on the plane to Slovenia as we speak. Again it's possible but i don't think probable for someone to expect to be able to buy 30k coins bellow $300.

The other options i left out is front running the news. Like ETF not being approved or something of that nature.

[explorer]

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Why do you discount 3?

Last night he market sold 8K.  another move like that would trigger and extreme panic (8K alone gets us into 210 region before everyone else panics).

He then buys up new coins at whatever new low we sink to using the 5MUSD he's just accumulated in the last 5 hours at 300.

The more I consider this the more likely I think it could be....he's exhausted buyers.

  He stopped selling at 275 though, and put the wall at 320.  Clearly not interested in breaking the exchange, as it could have been done at that time.  It's either an honest divestment in need of more speed than return, or a holding maneuver to keep a lid on the market for just a little longer.  That's why I am very interested to see what happens in the next day or so.  If it is a hold down, what makes it worth millions in unrealized profit?  Better than anything Hollywood could produce 

[crazy_rabbit]

I just woke up- holy crap what a wall!

[2dogs]

Just ask Nemesis.

https://bitcointalk.org/index.php?topic=812748.0

[BlackFlag]

I don't give a damn.

Still HODLING.

+1

[porcupine87]

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Or he just thinks the price will go down to 2 digits. If he would have sold at $500 or $400 wouldn't you said the same? The good thing is we are still at $300. Let's see if it gets eaten.

[Elwar]

13,500

[DaRude]

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Or he just thinks the price will go down to 2 digits. If he would have sold at $500 or $400 wouldn't you said the same? The good thing is we are still at $300. Let's see if it gets eaten.

Just thinking the asset will loose 60% of its market cap? Without knowing something that everyone else doesn't that be a gamble which would put them at #1.

I expect the buying to pick up once the wall get smaller

[samurai1200]

Coinbase is locked up!  

[nanobrain]

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Why do you discount 3?

Last night he market sold 8K.  another move like that would trigger and extreme panic (8K alone gets us into 210 region before everyone else panics).

He then buys up new coins at whatever new low we sink to using the 5MUSD he's just accumulated in the last 5 hours at 300.

The more I consider this the more likely I think it could be....he's exhausted buyers.

He hasn't exhausted the buyers. He exhausted what little liquidity was at stamp. No sane person would keep millions on btc exchange for long time. Look at other exchanges even btc-e is above. Even arbs are getting exhausted. There's a lot of people waiting for banks to open to initiate wires. LOADED and goat are probably on the plane to Slovenia as we speak. Again it's possible but i don't think probable for someone to expect to be able to buy 30k coins bellow $300.

The other options i left out is front running the news. Like ETF not being approved or something of that nature.

Loaded was here last night and said a0 this wasn't him and b0 he'd be going over the counter for a client in this sort of circumstance.  Goat is on ToF and says he is buying on BTC-e (only place he has funds).

I don't think this guy is trying to destroy the market, simply trying to exert even more control.  Who knows but it's great viewing (even if a little nerve wracking as ones own money is being toyed with).

[cbeast]

The other options i left out is front running the news. Like ETF not being approved or something of that nature.

That would scare more than just bitcoiners. It would show the fear and contempt held by the regulators for any disruption of the status quo.

[medialab101]

1K+ off Bitstamp just now... nom nom nom