Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25101. (Read 26656988 times)

full member
Activity: 154
Merit: 100
playing pasta and eating mandolinos
Bots are tools that one use, better call them software. Big actors use software to interface with the market.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
Activity: 56
Merit: 0
^
What's bothering you, stereotype?  You feel I'm giving folks here too much credit?  Say it in words Smiley

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  Tongue *watch!* lol


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?





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!   Cool
sr. member
Activity: 546
Merit: 250
^
What's bothering you, stereotype?  You feel I'm giving folks here too much credit?  Say it in words Smiley

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  Tongue *watch!* lol


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?

legendary
Activity: 2464
Merit: 1145
We will see 400-450 this coming week.
i will leverage long in the case we hit 350 or 370 Smiley
newbie
Activity: 56
Merit: 0
...
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.


no one seemed to care when the "traders" help push the price over $1000 ! now all the sudden they evil ? lol =O
Just ignore that idiot and move on.


huh sounds like you are out of the loop! lmfao  Cheesy
newbie
Activity: 56
Merit: 0

"... Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps..."

^"arbitrage" now doesn't this sound familiar? why wouldn't the usual suspects use every trick in the book? ~ especially in a new unregulated market? ...o rly? lol  Grin
hero member
Activity: 742
Merit: 500
...
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.


no one seemed to care when the "traders" help push the price over $1000 ! now all the sudden they evil ? lol =O
Just ignore that idiot and move on.
newbie
Activity: 56
Merit: 0
...
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.


no one seemed to care when the "traders" help push the price over $1000 ! now all the sudden they evil ? lol =O
hero member
Activity: 672
Merit: 500
...
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.
newbie
Activity: 56
Merit: 0
Traders will keep doing this till the market is completely dead.

Or they run out of bitcoins.


chinese exchange will never run out as they print coins out of thin air ! ~ ponzi game ! =O
legendary
Activity: 2338
Merit: 2106
1464XBT bought last Friday. Bitcoin holding at ATH


biggest purchase since april?

 Shocked


just to let u know...
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Traders will keep doing this till the market is completely dead.

Or they run out of bitcoins.
sr. member
Activity: 378
Merit: 254
...
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?
full member
Activity: 175
Merit: 100
The 1hr chart on Bitstamp seems quite rythmic for the last 3 days.
hero member
Activity: 672
Merit: 500
What's happened to bitstamp?

Volume has flatlined.

You really have to ask? You people still don't get it?
I'll explain again.
After months and months of bear market we finally had the much needed uptrend. Many new buyers because of the media coverage.
They were excited and started buying like crazy. But it only took them 2 days to figure out that every time they buy some asshole trader would dump right on them and take the price down. Their coins were already worth less within 24 hours.
Other people obviously noticed this and said fuck it. No way i'm gonna buy and lose my money.
So here we are. Back to bear market.

I can't believe i had to explain that again.


You are way too negative man  Cheesy try to enjoy those cheap coins, i am buying like crazy  Cool

Sure you are.
hero member
Activity: 672
Merit: 500
Good morning Bitcoinland.

Went to bed just after the 3k bidwall was eaten wondering which way it would go. What a difference a week makes.

After the 30k askwall was eaten last week, the price rose sharply. Today I awake to see that the market has sloughed off last night's little drama like water off a duck's back and we're right back where we started before the wall was built.

Cautiously bullish.

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

And it doesn't even matter how often i keep repeating this. Traders will keep doing this till the market is completely dead.
hero member
Activity: 748
Merit: 500
What's happened to bitstamp?

Volume has flatlined.

You really have to ask? You people still don't get it?
I'll explain again.
After months and months of bear market we finally had the much needed uptrend. Many new buyers because of the media coverage.
They were excited and started buying like crazy. But it only took them 2 days to figure out that every time they buy some asshole trader would dump right on them and take the price down. Their coins were already worth less within 24 hours.
Other people obviously noticed this and said fuck it. No way i'm gonna buy and lose my money.
So here we are. Back to bear market.

I can't believe i had to explain that again.


You are way too negative man  Cheesy try to enjoy those cheap coins, i am buying like crazy  Cool
newbie
Activity: 56
Merit: 0
^
What's bothering you, stereotype?  You feel I'm giving folks here too much credit?  Say it in words Smiley

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  Tongue *watch!* lol
Jump to: