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

[criptix]

We will see 400-450 this coming week.
i will leverage long in the case we hit 350 or 370

[1714924735]

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[1714924735]

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[edwardspitz]

^
What's bothering you, stereotype?  You feel I'm giving folks here too much credit?  Say it in words

What are your thoughts on exchanges using other peoples BTC to short the market?
Unregulated and transparent are different things. One is honest.

Yes stocks can be shorted the same way, except stocks are not generated every day (and can be effectively sold twice at market price due to shorting).

This is the bullshit the whales are exploiting. Get your BTC (all of it) off of BitFinex and other exchanges that allow for this. Overall the sell pressure is probably much higher than even shorts + naked shorts typically generate in the stock market.

i know bitcoin exchanges just turning BTC into another p&d stock! ...it seems   *watch!* lol

<speculation>
Yes. I believe someone has created a p&d bot and this is what we are seeing now. It might do another leg up or it might dump when it is done distributing. It is not running on Stamp as far as I can tell, but it is running on on Bitfinex and Huobi. It really kills the spirit because of the excessive dump it will take after it has completed it's cycle. After this volume and activity goes way down because everyone walks away in disbelief. I think it gauges sentiment by placing to walls close together (I'm totally guessing here). If the overall volume is high then the walls will be larger. Here it is:



This is taken from Bitfinex. When it reaches the end of the green line it will either pump further or dump. Anyone with an understanding of bots who care to comment on whether this is bot action or not?

</speculation>

[BBmmBB]

^
What's bothering you, stereotype?  You feel I'm giving folks here too much credit?  Say it in words

What are your thoughts on exchanges using other peoples BTC to short the market?
Unregulated and transparent are different things. One is honest.

Yes stocks can be shorted the same way, except stocks are not generated every day (and can be effectively sold twice at market price due to shorting).

This is the bullshit the whales are exploiting. Get your BTC (all of it) off of BitFinex and other exchanges that allow for this. Overall the sell pressure is probably much higher than even shorts + naked shorts typically generate in the stock market.

i know bitcoin exchanges just turning BTC into another p&d stock! ...it seems   *watch!* lol

<speculation>
Yes. I believe someone has created a p&d bot and this is what we are seeing now. It might do another leg up or it might dump when it is done distributing. It is not running on Stamp as far as I can tell, but it is running on on Bitfinex and Huobi. It really kills the spirit because of the excessive dump it will take after it has completed it's cycle. After this volume and activity goes way down because everyone walks away in disbelief. I think it gauges sentiment by placing to walls close together (I'm totally guessing here). If the overall volume is high then the walls will be larger. Here it is:

https://i.imgur.com/G50gPm5.png

This is taken from Bitfinex. When it reaches the end of the green line it will either pump further or dump. Anyone with an understanding of bots who care to comment on whether this is bot action or not?

</speculation>

most stockmarket players i know have have lost faith in upwards momentum ....wall street likes action up or down ...i'm thinking $100 is more likely than $1000 based on current sentiment ! Bitcoins value lies in its' usefulness!~ peeps i talked to who were moving 1000zzz of coins around in 2011 are laughing at my unending faith in this silk road/bmr currency!  

[ChartBuddy]

Explanation

[grappa_barricata]

Bots are tools that one use, better call them software. Big actors use software to interface with the market.

[BBmmBB]

Bots are tools that one use, better call them software. Big actors use software to interface with the market.

yes the robots : MUST BE STOPPED!   

[BlindMayorBitcorn]

^
What's bothering you, stereotype?  You feel I'm giving folks here too much credit?  Say it in words

What are your thoughts on exchanges using other peoples BTC to short the market?
Unregulated and transparent are different things. One is honest.

Yes stocks can be shorted the same way, except stocks are not generated every day (and can be effectively sold twice at market price due to shorting).

This is the bullshit the whales are exploiting. Get your BTC (all of it) off of BitFinex and other exchanges that allow for this. Overall the sell pressure is probably much higher than even shorts + naked shorts typically generate in the stock market.

i know bitcoin exchanges just turning BTC into another p&d stock! ...it seems   *watch!* lol

<speculation>
Yes. I believe someone has created a p&d bot and this is what we are seeing now. It might do another leg up or it might dump when it is done distributing. It is not running on Stamp as far as I can tell, but it is running on on Bitfinex and Huobi. It really kills the spirit because of the excessive dump it will take after it has completed it's cycle. After this volume and activity goes way down because everyone walks away in disbelief. I think it gauges sentiment by placing to walls close together (I'm totally guessing here). If the overall volume is high then the walls will be larger. Here it is:



This is taken from Bitfinex. When it reaches the end of the green line it will either pump further or dump. Anyone with an understanding of bots who care to comment on whether this is bot action or not?

</speculation>

most stockmarket players i know have have lost faith in upwards momentum ....wall street likes action up or down ...i'm thinking $100 is more likely than $1000 based on current sentiment ! Bitcoins value lies in its' usefulness!~ peeps i talked to who were moving 1000zzz of coins around in 2011 are laughing at my unending faith in this silk road/bmr currency!  

I agree. This will probably get worse before it gets better

[gog1]

did the $360 wall got sold into overnight?  or was it pulled?

[NotLambchop]

...
I'Ve been saying this for days but everyone ignores it because they think people will just keep buying while they dump on them.
...

Worked well thus far.  Why wait to make $1k in a year, when you can make $50 every week?

Most traders lose money and destroy Bitcoin in the process.
Traders are Bitcoin's cancer.

Sure.  Got to have losers to have winners.
That said, today's winners are bigger, tougher and smarter than me.  So for me, trading now is more like gambling.  Minus hookers and blow.
I'm sure I'm not the only one accepting the fact that profiting from Bitcoin stopped being a sure thing.   Like me, these people are cashing out & moving on to greener pastures.
...contributing to BTC's declining price.

[criptix]

...
I'Ve been saying this for days but everyone ignores it because they think people will just keep buying while they dump on them.
...

Worked well thus far.  Why wait to make $1k in a year, when you can make $50 every week?

Most traders lose money and destroy Bitcoin in the process.
Traders are Bitcoin's cancer.

Sure.  Got to have losers to have winners.
That said, today's winners are bigger, tougher and smarter than me.  So for me, trading now is more like gambling.  Minus hookers and blow.
I'm sure I'm not the only one accepting the fact that profiting from Bitcoin stopped being a sure thing.   Like me, these people are cashing out & moving on to greener pastures.
...contributing to BTC's declining price.

Thats the sentiment we need to crash upwards

[JimboToronto]

did the $360 wall got sold into overnight?  or was it pulled?

Sold into.

[Thomas-s]

...
I'Ve been saying this for days but everyone ignores it because they think people will just keep buying while they dump on them.
...

Worked well thus far.  Why wait to make $1k in a year, when you can make $50 every week?

Most traders lose money and destroy Bitcoin in the process.
Traders are Bitcoin's cancer.

Sure.  Got to have losers to have winners.
That said, today's winners are bigger, tougher and smarter than me.  So for me, trading now is more like gambling.  Minus hookers and blow.
I'm sure I'm not the only one accepting the fact that profiting from Bitcoin stopped being a sure thing.   Like me, these people are cashing out & moving on to greener pastures.
...contributing to BTC's declining price.

Thats the sentiment we need to crash upwards

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That doesn't sound like despair yet...wait for it

Really sounds like denial.
Oh boy  













































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.

[piyany]

We will see 400-450 this coming week.
i will leverage long in the case we hit 350 or 370

That's the way to go. Eat them while cheap

[BlindMayorBitcorn]

...
I'Ve been saying this for days but everyone ignores it because they think people will just keep buying while they dump on them.
...

Worked well thus far.  Why wait to make $1k in a year, when you can make $50 every week?

Most traders lose money and destroy Bitcoin in the process.
Traders are Bitcoin's cancer.

Sure.  Got to have losers to have winners.
That said, today's winners are bigger, tougher and smarter than me.  So for me, trading now is more like gambling.  Minus hookers and blow.
I'm sure I'm not the only one accepting the fact that profiting from Bitcoin stopped being a sure thing.   Like me, these people are cashing out & moving on to greener pastures.
...contributing to BTC's declining price.

Thats the sentiment we need to crash upwards

That doesn't sound like despair yet...wait for it

Really sounds like denial.
Oh boy  

How smug will you be at $340? Or $240? Or ... Depends when you bought in. But this is a very bear market and everybody can see it

[BBmmBB]

imo: the whole idea of bitcoin is based on the "community" .. bitcoin was created to counter the evil bankers wall street agenda...right?

Satoshi where you at ?

[JimboToronto]

bitcoin is based on the "community"

Absolutely. It's an open-source decentralized peer-to-peer network.

[BBmmBB]

bitcoin is based on the "community"

Absolutely. It's an open-source decentralized peer-to-peer network.

NY regs are spooking the noobs? :\  *seems like btc is becoming more of a hedgefund plaything than anything?

[NotLambchop]

imo: the whole idea of bitcoin is based on the "community" .. bitcoin was created to counter the evil bankers wall street agenda...right?

Satoshi where you at ?

Hold tight, he's coming!

[inca]

But this is a very bear market and everybody can see it

Prove it is a bear market.

[NotLambchop]

But this is a very bear market and everybody can see it

Prove it is a bear market.

Well, this is more of a show than a proof, but here: