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

[Davyd05]

Rally time??

looked and saw a green dildo forming

[spooderman]

Nice

[lyth0s]

Now there is a 0.501 bot buying about every 20 seconds on Bitstamp. I'm assuming the purchaser swapped exchanges due to the price difference.

Edit: Nevermind, it was just turned off

[epilido]

Comments

Note that BTC-e was below the MtGOX/Bitstamp reference most of the time. Also, except at the opening in April 2013, Bitfinex has always been
always almost identical to Bitstamp.

The BTC:CNY prices in BTC-China and OKCoin were quite close, except for a couple of weeks after OKCoin opened on 2013-06-12.  However, both varied significantly relative to the MtGOX/Bitstamp reference.

Specifically, the price in China was significantly higher than normal during the ascending phases of the bubbles that peaked on 2012-06-01,
2012-10-01, 2013-04-09, 2013-11-29.  The Chinese prices sharply dropped in the descending phases of those bubbles, particularly around 2013-06-01 and 2013-12-20. This behavior is consistent with the theory that those bubbles were created by the opening of markets in China, and markets outside China struggled to follow.

On the other hand, the prices at BTC-China were higher than normal also from 2011-07-01 to 2012-01, and around 2013-06-15, when the price was falling. That may indicate that those drops of the price were due to loss of demand (or increased offer) outside China, and BTC-China lagged behind.

A clear informative post with out excess speculation or seemingly an ax to grind.  Worthy of someone in your position keep them coming just like that.

Thank you

[lyth0s]

Whoever is operating the bot has accumulated 1750 coins already apparently and according to a redditor is throttling the purchases to prevent it moving the price upwards. We are still four days away from the auction. What does someone know?

Do you have the link of this reddit post? I can't seem to find it.

http://www.reddit.com/r/BitcoinMarkets/comments/2nterc/daily_discussion_sunday_november_30_2014/cmgp5a0

http://www.reddit.com/r/BitcoinMarkets/comments/2nterc/daily_discussion_sunday_november_30_2014/cmgz0wx

http://www.reddit.com/r/BitcoinMarkets/comments/2nterc/daily_discussion_sunday_november_30_2014/cmh21bk

Thank you for those links, I had forgotten to check the bitcoinmarkets subreddit. I thought the person running the bot was answering some questions but I read into Inca's post too far.

[ChartBuddy]

Explanation

[lyth0s]

Now there is a 0.501 bot buying about every 20 seconds on Bitstamp. I'm assuming the purchaser swapped exchanges due to the price difference.

Edit: Nevermind, it was just turned off

0.501 buying bot is re-activated on bitstamp. I think I remember a bot that did something very similiar a few months ago too, but not sure if it was during the last mini-bubble post-november 2013.

[dropt]

Now there is a 0.501 bot buying about every 20 seconds on Bitstamp. I'm assuming the purchaser swapped exchanges due to the price difference.

Edit: Nevermind, it was just turned off

0.501 buying bot is re-activated on bitstamp. I think I remember a bot that did something very similiar a few months ago too, but not sure if it was during the last mini-bubble post-november 2013.

These types of bots happen all the time.

[ChartBuddy]

Explanation

[Newbie1022]

The BFX bot is back... but he is of the 22 cent rather than 21 cent variety now -- every seven seconds.

[nioc]

Now there is a 0.501 bot buying about every 20 seconds on Bitstamp. I'm assuming the purchaser swapped exchanges due to the price difference.

Edit: Nevermind, it was just turned off

0.501 buying bot is re-activated on bitstamp. I think I remember a bot that did something very similiar a few months ago too, but not sure if it was during the last mini-bubble post-november 2013.

The 0.0501 bot is both buying and selling the same amount for almost no price difference with the buys higher than the sells for the little bit I looked at

buy buy sell sell buy sell sell sell buy buy buy sell buy sell sell buy buy sell sell sell buy buy sell sell sell buy buy sell buy buy buy

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[esse83]

The bitfinex bot is simply accumulating to prepare for dumping once the markets goes bananas after the SR auction (expect +$450 then dump). It's a gamble though, he is assuming that all the coins will be sold (we won't ever know the price though), but most likely they will be and the market will react in a positive way.  Simple strategy. Most likely the markets will start going up before the auction is finished (anticipation).

[redsn0w]

The bitfinex bot is simply accumulating to prepare for dumping once the markets goes bananas after the SR auction (expect +$450 then dump). It's a gamble though, he is assuming that all the coins will be sold (we won't ever know the price though), but most likely they will be and the market will react in a positive way.  Simple strategy. Most likely the markets will start going up before the auction is finished (anticipation).

Are you sure ? Or is it only a theory ?   However will bitcoin reach 500 $ before the end of the  year ? or must we wait the next year?

[brg444]

http://buttercoinmarketupdate.posthaven.com/bitcoin-difficulty-suggests-rally

good analysis

[esse83]

The bitfinex bot is simply accumulating to prepare for dumping once the markets goes bananas after the SR auction (expect +$450 then dump). It's a gamble though, he is assuming that all the coins will be sold (we won't ever know the price though), but most likely they will be and the market will react in a positive way.  Simple strategy. Most likely the markets will start going up before the auction is finished (anticipation).

Are you sure ? Or is it only a theory ?   However will bitcoin reach 500 $ before the end of the  year ? or must we wait the next year?

I am 100% sure (lol). No, but really it makes a lot of sense considering the circumstances. This is how you make easy money.

[ChartBuddy]

Explanation

[nakaone]

The bitfinex bot is simply accumulating to prepare for dumping once the markets goes bananas after the SR auction (expect +$450 then dump). It's a gamble though, he is assuming that all the coins will be sold (we won't ever know the price though), but most likely they will be and the market will react in a positive way.  Simple strategy. Most likely the markets will start going up before the auction is finished (anticipation).

Are you sure ? Or is it only a theory ?   However will bitcoin reach 500 $ before the end of the  year ? or must we wait the next year?

I am 100% sure (lol). No, but really it makes a lot of sense considering the circumstances. This is how you make easy money.

the only thing that makes sense is that the owner of the bot knows what he is going to bid regarding the confiscated coins on the auction - therefore it makes sense for him to accumulate for a price lower than his own bid

[bitllionaire]

what's the point of the bitfinex bot?

it is buying 2700 btc per day?

another gox bubble coming?