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

[fonzie]

War bots deactivated. Back to normal...

[adamstgBit]

[dropt]

I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112).

I would hazard a guess that your theory is closer to reality and the truth than many here are likely to admit.

[ChartBuddy]

Explanation

[adamstgBit]

did you all sell?



now we can move up.

[fonzie]

Lol@ 2260 Huobi.
Even OKcoin is not following Huobis madness anymore.

[JayJuanGee]

2000BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$?  
A lot of buy orders right below 2300CNY, he probably wants em get filled.

Edit: Wall eaten(probably by himself as a single 1500 buy order was among it)
"How to create volume 101"

now hes placing bids at the front line and fill them him self too

who to create volume 102!

There are only a few guys who are trading on all of the exchanges.  Maybe 10 guys at the most.   The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!!    

This is trading and wall observing 103.

I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112).

yes the market is out to get you, buy 1 full coin and the market WILL drop and wait for you to sell that 1 coin back and then rise again, all volume between YOUR REAL trades is faked.

Mostly I was joking.. and/or exaggerating for shits and giggles.... as some may say.

Overall, I am NOT as pessimistic as you fellows seem to be making this out to be (at least at the moment).... but overall, if it is really true that some of the Chinese exchanges (and maybe even some of the other exchanges) are actually engaged in a sort of fractional reserve banking, then there may be some fuckerie going on, and I hope that is NOT the case. 

We do need to get some mechanisms in place to disallow fractional reserve banking of BTC because then sooner or later, these fucking whale manipulators will run out of coins.  However, if these whale manipulators really are cheating by trading coins that they do NOT have, then that kind of problem is kind of BIG... and mechanisms need to be put in place to remove and/or minimize the ability for whale manipulators to accomplish such cheating (b/c bitcoin was NOT designed for fractional reserve banking).  I know that there is quite a bit of work in various aspects of the bitcoin space to attempt to address these fractional reserve banking issues... and hopefully sufficient progress is being made in order that we are able to channel our bitcoins into the right mechanisms (such as posters have mentioned the decentralized exchanges when they hopefully evolve).

[bahamapascal]

When I have 100 $ on bitfinex and want to borrow money to go long, what is the maximum amount I can borrow with my 100$?
Is it 300$, as the max levarege is 1:3 ?

Thanks!

Yes.

Thanks for the info!

[adamstgBit]

2000BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$?  
A lot of buy orders right below 2300CNY, he probably wants em get filled.

Edit: Wall eaten(probably by himself as a single 1500 buy order was among it)
"How to create volume 101"

now hes placing bids at the front line and fill them him self too

who to create volume 102!

There are only a few guys who are trading on all of the exchanges.  Maybe 10 guys at the most.   The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!!    

This is trading and wall observing 103.

I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112).

yes the market is out to get you, buy 1 full coin and the market WILL drop and wait for you to sell that 1 coin back and then rise again, all volume between YOUR REAL trades is faked.

Mostly I was joking.. and/or exaggerating for shits and giggles.... as some may say.

Overall, I am NOT as pessimistic as you fellows seem to be making this out to be (at least at the moment).... but overall, if it is really true that some of the Chinese exchanges (and maybe even some of the other exchanges) are actually engaged in a sort of fractional reserve banking, then there may be some fuckerie going on, and I hope that is NOT the case.  

We do need to get some mechanisms in place to disallow fractional reserve banking of BTC because then sooner or later, these fucking whale manipulators will run out of coins.  However, if these whale manipulators really are cheating by trading coins that they do NOT have, then that kind of problem is kind of BIG... and mechanisms need to be put in place to remove and/or minimize the ability for whale manipulators to accomplish such cheating (b/c bitcoin was NOT designed for fractional reserve banking).  I know that there is quite a bit of work in various aspects of the bitcoin space to attempt to address these fractional reserve banking issues... and hopefully sufficient progress is being made in order that we are able to channel our bitcoins into the right mechanisms (such as posters have mentioned the decentralized exchanges when they hopefully evolve).

when Ethereum comes out i will code a decentralized P2P exchange that for allow the exchange of  AnyCrypto / BTC  in a automated and trusted less manner, for a small ETH fee paid out to me on every trade of course .

this will make ethereum relevant, and me rich.

Muahaha Muahahahaha

[fonzie]

Huobi is becoming a clear joke. They trade ~20000 BTC in 30m in a+-10CNY range, and all of a sudden a single 1000BTC sell takes the price down 50 CNY, which no other exchange follows not even OKCoin, yeah right...

[adamstgBit]

Huobi is becoming a clear joke. They trade 20000+ BTC in 20m in a+-10CNY range, and all of a sudden a single 1000BTC sell takes the price down 50 CNY, which no other exchange follows not even OKCoin, yeah right...

hey if poeple can withdraw CNY to their bank accounts from huobi

who gives a shit whos putting on a show and why

[JorgeStolfi]

When assessing the fundamental value of Bitcoin, this is the single most important basis to work from:
http://en.wikipedia.org/wiki/Metcalfe's_law
Mt Gox, Oct deadlines, Apple Pay, Chinese speculation all serve simply to create blips in the Bitcoin megatrend, they are irrelevant long-term.
In fact, Bitcoin should observe Metcalfe's Law in its purest form because it is not hampered by language differences. Money, like sex, is universally transacted.

Metcalfe's "law" is used in bitcoin to "prove" that X will grow like Y squared, for some suitable quantities X and Y.  Problem is, the law does not say that Y will continue growing, that it is not being affected by MtGOX, that it will not suffer from ApplePay, that it is not determined by China, etc.

(And Metcalfe's "law" is not mathematics; it is just an empirical observation that is said to hold for many networks.)

[fonzie]

Huobi is becoming a clear joke. They trade 20000+ BTC in 20m in a+-10CNY range, and all of a sudden a single 1000BTC sell takes the price down 50 CNY, which no other exchange follows not even OKCoin, yeah right...

hey if poeple can withdraw CNY to their bank accounts from huobi

who gives a shit whos putting on a show and why

 

[JayJuanGee]

2000BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$?  
A lot of buy orders right below 2300CNY, he probably wants em get filled.

Edit: Wall eaten(probably by himself as a single 1500 buy order was among it)
"How to create volume 101"

now hes placing bids at the front line and fill them him self too

who to create volume 102!

There are only a few guys who are trading on all of the exchanges.  Maybe 10 guys at the most.   The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!!    

This is trading and wall observing 103.

I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112).

yes the market is out to get you, buy 1 full coin and the market WILL drop and wait for you to sell that 1 coin back and then rise again, all volume between YOUR REAL trades is faked.

Mostly I was joking.. and/or exaggerating for shits and giggles.... as some may say.

Overall, I am NOT as pessimistic as you fellows seem to be making this out to be (at least at the moment).... but overall, if it is really true that some of the Chinese exchanges (and maybe even some of the other exchanges) are actually engaged in a sort of fractional reserve banking, then there may be some fuckerie going on, and I hope that is NOT the case. 

We do need to get some mechanisms in place to disallow fractional reserve banking of BTC because then sooner or later, these fucking whale manipulators will run out of coins.  However, if these whale manipulators really are cheating by trading coins that they do NOT have, then that kind of problem is kind of BIG... and mechanisms need to be put in place to remove and/or minimize the ability for whale manipulators to accomplish such cheating (b/c bitcoin was NOT designed for fractional reserve banking).  I know that there is quite a bit of work in various aspects of the bitcoin space to attempt to address these fractional reserve banking issues... and hopefully sufficient progress is being made in order that we are able to channel our bitcoins into the right mechanisms (such as posters have mentioned the decentralized exchanges when they hopefully evolve).

when Ethereum comes out i will code a decentralized P2P exchange that for allow the exchange of  AnyCrypto / BTC  in a automated and trusted less manner, for a small ETH fee paid out to me on every trade of course .

this will make ethereum revanel, and me rich.

Muahaha Muahahahaha

Yeah, but I believe that Ethereum is NOT the only business entity working on these kinds of decentralized exchanges concepts... I certainly am NO expert in the area, but I have run across several decentralized exchange projects, such as:
mastercoin
colorcoin
medicici (Overstock's announcement to use counterparty that  had already been developing in that direction)
coiniffeine
coinsigner

Surely there are probably other projects as well, and some of them are further along in their development than others and some of them may establish themselves well in the market before others  (a sort of race)... exciting times, no? 

I believe a lot of us are anxious for some of these kinds of decentralized exchanges to become established and implemented and used.. and then there will need to be a certain level of magnetism towards such a system too, in order for the volume to become significantly large and more liquid and less manipulated.  then we will maintain the control over our BTC, rather than some centralized 3rd party... that's the ideeeeear!!!

[fonzie]

ETHEREUM WILL CRASH LIKE A MF IF IT SHOULD EVER GET RELEASED, GET OUT WHILE YOU CAN (adam)  

Edit: Oh i forgot, you can´t even get out, because your BTC are stuck 

[janos666]

2000BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$?  
A lot of buy orders right below 2300CNY, he probably wants em get filled.

Edit: Wall eaten(probably by himself as a single 1500 buy order was among it)
"How to create volume 101"

now hes placing bids at the front line and fill them him self too

who to create volume 102!

There are only a few guys who are trading on all of the exchanges.  Maybe 10 guys at the most.   The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!!    

This is trading and wall observing 103.

I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112).

yes the market is out to get you, buy 1 full coin and the market WILL drop and wait for you to sell that 1 coin back and then rise again, all volume between YOUR REAL trades is faked.

Mostly I was joking.. and/or exaggerating for shits and giggles.... as some may say.

Overall, I am NOT as pessimistic as you fellows seem to be making this out to be (at least at the moment).... but overall, if it is really true that some of the Chinese exchanges (and maybe even some of the other exchanges) are actually engaged in a sort of fractional reserve banking, then there may be some fuckerie going on, and I hope that is NOT the case. 

We do need to get some mechanisms in place to disallow fractional reserve banking of BTC because then sooner or later, these fucking whale manipulators will run out of coins.  However, if these whale manipulators really are cheating by trading coins that they do NOT have, then that kind of problem is kind of BIG... and mechanisms need to be put in place to remove and/or minimize the ability for whale manipulators to accomplish such cheating (b/c bitcoin was NOT designed for fractional reserve banking).  I know that there is quite a bit of work in various aspects of the bitcoin space to attempt to address these fractional reserve banking issues... and hopefully sufficient progress is being made in order that we are able to channel our bitcoins into the right mechanisms (such as posters have mentioned the decentralized exchanges when they hopefully evolve).

Of course, I am exaggerating as well. And I am not talking about fractional reserve tricks (except Noe&Bee, Mt.Gox, Moolah and the like frauds...), just legit trading (trading with coins while ending up with fiat gains).

[adamstgBit]

ETHEREUM WILL CRASH LIKE A MF IF IT SHOULD EVER GET RELEASED, GET OUT WHILE YOU CAN (adam)  

Edit: Oh i forgot, you can´t even get out, because your BTC are stuck  

I CANT!  

i think ether will work out better than most predict.

[JayJuanGee]

When assessing the fundamental value of Bitcoin, this is the single most important basis to work from:
http://en.wikipedia.org/wiki/Metcalfe's_law
Mt Gox, Oct deadlines, Apple Pay, Chinese speculation all serve simply to create blips in the Bitcoin megatrend, they are irrelevant long-term.
In fact, Bitcoin should observe Metcalfe's Law in its purest form because it is not hampered by language differences. Money, like sex, is universally transacted.

Metcalfe's "law" is used in bitcoin to "prove" that X will grow like Y squared, for some suitable quantities X and Y.  Problem is, the law does not say that Y will continue growing, that it is not being affected by MtGOX, that it will not suffer from ApplePay, that it is not determined by China, etc.

(And Metcalfe's "law" is not mathematics; it is just an empirical observation that is said to hold for many networks.)

You seem to be describing interruptions to the growth of the network, but you are NOT describing the law to be invalid.... because the question becomes whether the network keeps growing or NOT and that may NOT be known while we are in the middle of the growth whether it has substantially slowed down or stopped... but after the fact, we may be able to look back and see the direction of the growth... or have better means to measure the extent of the growth... which some of those measurement systems already exist in bitcoin... but still does NOT necessarily tell us to where the trajectory is going or whether the trajectory has been materially and significantly interrupted.

[adamstgBit]

wall fight on stamps. doesn't look too good 

[JayJuanGee]

2000BTC wall@ 2300 CNY@Huobi. Is it the same one who put up the 5000 wall before we started the big rise to 418$?  
A lot of buy orders right below 2300CNY, he probably wants em get filled.

Edit: Wall eaten(probably by himself as a single 1500 buy order was among it)
"How to create volume 101"

now hes placing bids at the front line and fill them him self too

who to create volume 102!

There are only a few guys who are trading on all of the exchanges.  Maybe 10 guys at the most.   The same as those who are posting in this thread... and I am getting sick of you fucking idiots!!!!!!!!!!    

This is trading and wall observing 103.

I am starting to have the same feeling (as a next step after this: https://bitcointalk.org/index.php?topic=421615.msg9216112#msg9216112).

yes the market is out to get you, buy 1 full coin and the market WILL drop and wait for you to sell that 1 coin back and then rise again, all volume between YOUR REAL trades is faked.

Mostly I was joking.. and/or exaggerating for shits and giggles.... as some may say.

Overall, I am NOT as pessimistic as you fellows seem to be making this out to be (at least at the moment).... but overall, if it is really true that some of the Chinese exchanges (and maybe even some of the other exchanges) are actually engaged in a sort of fractional reserve banking, then there may be some fuckerie going on, and I hope that is NOT the case. 

We do need to get some mechanisms in place to disallow fractional reserve banking of BTC because then sooner or later, these fucking whale manipulators will run out of coins.  However, if these whale manipulators really are cheating by trading coins that they do NOT have, then that kind of problem is kind of BIG... and mechanisms need to be put in place to remove and/or minimize the ability for whale manipulators to accomplish such cheating (b/c bitcoin was NOT designed for fractional reserve banking).  I know that there is quite a bit of work in various aspects of the bitcoin space to attempt to address these fractional reserve banking issues... and hopefully sufficient progress is being made in order that we are able to channel our bitcoins into the right mechanisms (such as posters have mentioned the decentralized exchanges when they hopefully evolve).

Of course, I am exaggerating as well. And I am not talking about fractional reserve tricks (except Noe&Bee, Mt.Gox, Moolah and the like frauds...), just legit trading (trading with coins while ending up with fiat gains).

Fair enough!!!!!   I was asserting that I am more concerned about either fraudulent manipulations or other manipulations in which there is trading of more coins than are in existence.  To the extent that there may be normal manipulations, such as withdrawing fiat, I am NOT as worried about that b/c I get the sense that if that is all that they are doing, then sooner or later they are likely going to run out of coins... yet I know that they could work the system for a long time.  I also get a sense that if either big banks or governments are striving to destroy bitcoin or to undermine it, they are going to be more than willing to work at a loss in order to attempt to accomplish such.. and part of their gimmicks would also be to engage in criminal and/or bullying activities such as stealing coins or confiscating coins.