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

[BlindMayorBitcorn]

   Achtung Bitcoiners!

                   THE FUTURE IS OURS!

Bitcoin: Work! Bitcoin: Faith! Bitcoin: Beauty!

Nazis today then?

Reductio ad Hitlerum means the troll is desperate for attention. I'm surprised he hasn't thrown Bitcoiners to the Atheists!

via Imgflip Meme Maker

[NotLambchop]

The nazi-card now? It's getting embarrassing.

Filthy infidel!
In this, the final Jihad, no quarter shall be given!

[janos666]

The nazi-card now? It's getting embarrassing.

I was tired about the over-repeated Chinese posters, so even though the "quality" remained comparable, he does makes it up on the "quantity", so we might should give him some credit for that.


I hate that Bitfinex bot. It's yet another reason for me not to buy back here but it would be a good reason to withdraw everything from Bitfinex for a now (but I can't withdraw USD).

[NotLambchop]

The nazi-card now? It's getting embarrassing.

I was tired about the over-repeated Chinese posters...

Good... good...

[ask]

The nazi-card now? It's getting embarrassing.

Filthy infidel!
In this, the final Jihad, no quarter shall be given!

Arise!

Stupid pictures Lamb. You wouldnt post those if you or your familly have been victim of totalitarian regime.

BE INOVATIVE OR SHUT UP!

[lay785]

The nazi-card now? It's getting embarrassing.

I was tired about the over-repeated Chinese posters, so even though the "quality" remained comparable, he does makes it up on the "quantity", so we might should give him some credit for that.


I hate that Bitfinex bot. It's yet another reason for me not to buy back here but it would be a good reason to withdraw everything from Bitfinex for a now (but I can't withdraw USD).

How would you short if you withdrew all your money from bitfinex?

[NotLambchop]

The nazi-card now? It's getting embarrassing.

Filthy infidel!
In this, the final Jihad, no quarter shall be given!

Arise!

Stupid pictures Lamb. You wouldnt post those if you or your familly have been victim of totalitarian regime.

BE INOVATIVE OR SHUT UP!

My differently-enabled friend:

I'm from Russia, or Soviet Union, as it was known at the time.  My father was imprisoned for a 30-second political demonstration.  

Stay angry and stupid

[jonoiv]

MacD really stopped "working" for the upwards movements. Its still, however, works pretty good for spotting dumps. (2h indicator is my personal favorite)

How can he make this statement based on his record?  And especially his record with MACD.  

There should be probably another attempt of breaking 450 soon, with ~500 as a target

Price topped out at $414 then retracted.

I think its going to be another fake 6h MacD "recovery" again, most likely going back to 330$ range for some time.

Price never dropped below $350 and rallied to $395

Not super unexpected, but somewhat surprising, a day ago or so i would say chances to go up are like 30%

Could be another trap tho, especially if its not even going to break 400

What? "Not super unexpected" was your explanation after the rally to $395.  Well, based on what you said, yes it was totally unexpected.  

It didn't break 400 and it wasn't a trap.

Dat 2h macd fail combined with both 6h and 12h pointing towards the dump = 350$ confirmed

The price never hit $350 there was a very brief dip and again it rallied to $389.

I feel bad about selling my ripples a couple of months ago. Now its very obvious that they will replace btc in 2015.

This guy is a ripple troll in disguise. "confirmed".

[ChartBuddy]

Explanation

[NotLambchop]

That volume right?  Is this thing even on?

[JorgeStolfi]

0.25BTC bot going crazy on Bitfinex, never noticed before: every 7 seconds 0.25 btc are bought.

MtGOX had such a robot too (not to be confused with the more famous Willy); it bought 0.1 BTC every 20-30 seconds, IIRC.  It was turned on during certain periods last December and January.  And I recall spotting another such robot at OKCoin.  They may have accounted for 10% of the volume on some days.

[ChartBuddy]

Explanation

[N12]

Stolfi, noone can stop the pump bots. Given the lack of laws in this area, it is inevitable that Bitcoin will be manipulated to new highs, even if it doesn't get there legitimately.

[NotLambchop]

^
ChartBuddy tells me that his friend, pumpbot, is not up to the job.

Price @376

[inca]

Stolfi, noone can stop the pump bots. Given the lack of laws in this area, it is inevitable that Bitcoin will be manipulated to new highs, even if it doesn't get there legitimately.

Hear hear. I genuinely think btc will succeed. But along the way there is too much money to be made with etf's and price manipulation for no more bubbles going forward.

Worked last year!

[janos666]

The nazi-card now? It's getting embarrassing.

I was tired about the over-repeated Chinese posters, so even though the "quality" remained comparable, he does makes it up on the "quantity", so we might should give him some credit for that.


I hate that Bitfinex bot. It's yet another reason for me not to buy back here but it would be a good reason to withdraw everything from Bitfinex for a now (but I can't withdraw USD).

How would you short if you withdrew all your money from bitfinex?

Well...

I don't wish to make any new trades until we have a strongish distinct trend or a semi-predictable fluctuation pattern with a high amplitude.
And what does your trading profit worth if the exchange closes before you can collect it?

I had ~8 BTC on Mt.Gox when they closed. I had a few BTC worth of shitcoins on the [I can't remember it's name altcoin exchange] when they closed. I was simply lucky I moved ~12 BTC from Mintpal to Bittrex before they closed their doors (I still had <1 BTC worth of altcoins there). And I am not sure but I guess Crytpsy probably scalped me when I was doing some gambling there with a few BTC because I never kept an external log of my trades and later I learned they were famous about making some BTC "magically disappear" from your account.

So, all in all, I guess I have a reason to be a little paranoid when something unusual is happening on a crypto exchange.
This bot is probably legit (I am not trying to spread some FUT about Bitfinex! I do not! I am just paranoid! That's all. It's me. - But I guess it's reasonable for me to be a little paranoid.)

Nevertheless, my last trade on Bitfinex wiped out all my USD/BTC profits of the last month (I got stop-runned exactly at the peak, like somebody saw my order at a non-even number).
So, I am extremely cautious now. I won't make any risky trades for a long time, I will wait for the "almost sure thing" even if takes months.
I even think I developed a little trading addiction here (even though I think it's perfectly normal to loose from time to time). I got emotional after I had some crazy shit in my personal life right when Bitcoin started it's (fake or real?) trend reversal game, so it was easier to make a wrong bet and make it worse with an "emotionally calculated stop price".

Had I not recollected my original "investment" during the summer, I would probably rage-quit now. And this must be rectified (no rage-quit, no emotional gambling, no high risk positions).

[fonsie]

Silver is going up fast again. So happy i moved all my coins into silver. I bought at the very bottom.

soon:

I hate all these silver dumpers, they are so stupid.

then:

Stupid silver hodlers, I sold all of mine at the top to buy BTC.

Whatever he says, he's always late and has a proven track record for buying at the top. So expect a violent crash in silver  

In a couple of years he will probably cash in his silver, just to be told it was fake and in fact he bought ALU coins.

Way to go Shroomie, it worked, you bought silver at the very top of a dead cat bounce and you made it crash.

[bitebits]

0.25BTC bot going crazy on Bitfinex, never noticed before: every 7 seconds 0.25 btc are bought.

MtGOX had such a robot too (not to be confused with the more famous Willy); it bought 0.1 BTC every 20-30 seconds, IIRC.  It was turned on during certain periods last December and January.  And I recall spotting another such robot at OKCoin.  They may have accounted for 10% of the volume on some days.

Stolfi, noone can stop the pump bots. Given the lack of laws in this area, it is inevitable that Bitcoin will be manipulated to new highs, even if it doesn't get there legitimately.

The bot now changed to buying 1/100m share of the total every existing bitcoins every 7 seconds.

Could this be a way of accumulating larger quantities of bitcoins, without really moving the market too much or running the risk to get dumped on (bid wall)?

[MrPiggles]

Stolfi, noone can stop the pump bots. Given the lack of laws in this area, it is inevitable that Bitcoin will be manipulated to new highs, even if it doesn't get there legitimately.

Stolfi has bet his reputation on the fact bitcoin is gonna fail, if it was driven to new highs by fake volume he'd probably kill himself.

[NotLambchop]

...
Could this be a way of accumulating larger quantities of bitcoins, without really moving the market too much or running the risk to get dumped on (bid wall)?

Every buy could be.  Unlikely, improbable, but not impossible