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

[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

[nanobrain]

13,500

Chomp Chomp 13.1k

nom nom
12,417

Really interesting hearing everyone's theories anyway

[rb1205]

Wall is being chomped slowly but steadly, around 100 btc/min. At this rate it will be bought in a couple of hours.

EDIT: Scratch that, rate's going up dramatically. It won't last another hour.

[DaRude]

Wall is being chomped slowly but steadly, around 100 btc/min. At this rate it will be bought in a couple of hours.

Nope buying will escalate towards the end, look at the other exchanges pulling aead

[Darkmatter12]

9100

[nanobrain]

Bitfinex...

Trying to move coins over to Finex and enjoy this arb opportunity but Stamp seems to dawdling.
I do hope we're not being Goxed here.

[Elwar]

Coinbase is locked up!  

I was wondering when this would happen.

They need to get more money over to bitstamp.

[nrd525]

One person bought 2847 of the wall at 300.

[ChartBuddy]

Explanation

[Davyd05]

Whole wall gonna sell?

[tarmi]

careful with that wall guys.

I have a strange feeling that another round of 30 k coins is coming up.

[AmazonStuff]

BearWhale fall asleep and someone ate his wall, probably some WhaleWhale