Topic: "Aaaaaaand the waaaallllls... - page 2. (Read 6331 times)

Haha. I did something similar a few days ago to estimate non-manipulator demand.
It looks healthy enough to me to be honest, if we are excluding manipulation in either direction that is.
Slightly higher demand than supply - would suggest a slow upwards creep.

Here is what the order book could look like! Edited about 80k of what I believe are "The Manipulators" bids out!

A smart way to outsmart him could be to place bids BELOW his Bidwalls, not above :-)

Yes one could sell into them with one large order.
Just look closely of how steep the wall is. It's a confidence game the steeper the higher risk that someone will sell into it but also higher effectiveness of pushing the price.

The whole point of the walls is to get better deals from the suckers who put in higher orders.
And the real irony is: That wall can be converted to a bitcoinica margin requirement in a second.

But this would dry up the markets completely, atm.

Can anyone care to explain to me why you talk about fake-walls?

I can see myself that they are moving. Thats however could
a strategy change of someone who believes he can get a better deal.

But if at anypoint a early adopter sells the entire wall away
it would have been a real wall - or am i getting something wrong here?

... if mr. m pulls the plug out, prices will be at 1.5 or something..

there are maybe 20k to 40k real bid walls, but the rest is mr. M and his little helpers.

im getting little bit nervous since the trading signals tell me: hold/buy, but the fake-walls tell me: sell! .. and that is exactly what i am commited at the moment: im short on bitcoinica.

Those walls didnt last long. Guess we are in for an interesting ride again here.

The sudden rise of the sell walls near the asking price and the steps leads me to believe someone is trying to drive the price down. I really am starting to believe we have 2 manipulators who are pitted against each other right now.

It's getting vicious...

I'm sorry to say that I have no empiric evidence to support this but I can tell you how I've come to this conclusion.

1) I simply feel this way from looking at it from my perspective. I've basically been "all out" for a while now because I lost faith in positive price development. But I'm still bullish on Bitcoin in general, the fundamentals of Bitcoin haven't taken a turn for the worse, in fact I'm more bullish than ever as far as Bitcoin's future is concerned. In other words, I'm one of those waiting to buy back in.

2) From the discussions in this forum I have come to a strong conclusion that with the exception of a few doomsday bears such as Nagle, most bears are actually not bears as far as Bitcoin itself is concerned. They simply think there has been a massive bubble and that the price hasn't been sustainable, which in hindsight has actually been very smart thinking.

3) Even with all the crap that has gone on in the Bitcoin-world, the general opinion on Bitcoin is still that it's a promising technology. I've read a lot of comments from sites, for example Slashdot which has published all the big news regarding Bitcoin, the comments over there are more positive than negative.

4) A recent thread in this forum (https://bitcointalksearch.org/topic/are-you-trading-for-fiat-or-btc-profit-52309) asked a question: "Are you trading for FIAT or BTC profit?" Although for most people it's not black and white, the poll is currently at 31.7% FIAT, 58.5% BTC. The rest goes to option C) Hedging against price drops. This means that most people in the community are trying to get more BTC and I'm one of those. I have set aside a certain amount of FIAT to invest in Bitcoin for very-long-term and once I feel it's smart to enter a long position again, I'll buy in.

So I can't say anything for certain because I don't know what's actually happening, but I'm fairly certain that I'm on the right track.

Evidence? Sources? Besides your ass please, I deem that uncredible.

You are so right.
One way to play this could be to position with  a portion already now and buy the rest either (i) if prices go down to 2$ or a bit below one more time, or (ii) rally without ever revisiting 2 $.

In any case, the next rally will be huge in percentage terms.

I agree that regardless of how it plays out, we're getting close to a reversal. We might have one more crash or a triple bottom at $2 but in the end it's likely to result in a reversal.

Unlike some people here think, most Bitcoin traders/investors that are currently in the game are not there to exit the market, they are either profiting from short term trading regardless of what direction the price is going, or they are waiting to buy back in. We're getting closer and closer to the point where people are ready to board the train again.

It would be nice to know how it'll play out, if I just had a crystal ball telling me if it's going to crash once more or triple bottom...

This might be true again, but I more and more doubt it. Bitcoin prices more more and more away from the downtrendlines and there is an upward explosion to come.

It might be from yet another low, or never go below 2 $ at all any more.

But whatever the short term wiggles are, an upward explosion will come soon and create a huge short squeeze.

I agree.  This'll be fun to watch again.

Yep, I was right. The rally seems to be over. People are starting to unload.

The walls are starting to shift around again. It's only small movements at the moment, but the bids are sinking and the asks are slowly rising. The asks are looking VERY steep now in comparison with the bids... they could be real bids, but the way they are bobbing around it really is hard to know.

Considering the lackluster demand over the past 24 hours, a number of failed rallies, in addition to the RSI being at about 70, the MCAD predicting a downwards reversal, and trading happening at the upper range of the bollinger band for about 12 hours...

This all adds up to only one thing in my mind. We are going back to the $2 mark at some stage today.

I do not understand people that are willing to sell at 1.8

I will not even sell at 2.5

THE SKY IS FALLING! THE SKY IS FALLING!

yes, sometimes.

if he pulls back his huge walls now, price will be at least below $1.8. i saw how the bidwalls looke before he pulled up his insane 1.000.000 BTC-buy wall, it looked even shittier than the askwalls in this moment (and they look like shit).

whoever thinks this is the lowest point of bitcoin: this walls are 95% fake. we all saw them appear out of nowhere, they simply do not reflect the real demand of bitcoins. be warned, it will fall further.