Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25210. (Read 26608466 times)
October 06, 2014, 07:26:18 PM
I can feeeel the pump coming
October 06, 2014, 07:19:40 PM
Maybe he was "just stupid" maybe he was "panic selling" or maybe the guy took some mushrooms and felt like selling? or maybe overlord Xenu ordered him to sell...Maybe a unicorn rogered him until he sold
Maybe the Bitcoins became self aware and sold themselves.
That he was just stupid and decided to make a stupid sell move I do not buy personally.
Maybe the Bitcoins became self aware and sold themselves.
That he was just stupid and decided to make a stupid sell move I do not buy personally.
Surprised no one is asking Shroomsy for proof.
October 06, 2014, 07:05:58 PM
not feeling confident about its magical 1K sell supposedly going to happen soon...
i'm gonna take top bid for a bit...
i'm gonna take top bid for a bit...
October 06, 2014, 07:03:09 PM
October 06, 2014, 07:01:07 PM
October 06, 2014, 06:56:43 PM
Is crypto done?? 
October 06, 2014, 06:56:29 PM
I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price.
We cannot say that he was a fool. The option to spread his sale over a longer period (by multiple separate offers or by posting a higher price) carried the risk of the price falling even lower. The price may be "depressed", but may also be "still overinflated".
In any case, at this point, it seems that a more complicated and lengthy sell plan would have given him only 10% more than what he got.
He could have netted 24 M $ by selling in January, or nearly 20 M $ by selling in June. At this point, one could say that he was a fool for not doing that.
If he bought at 20$/BTC or less, he netted nearly 9 M $, with little effort and investment. He would have to be very greedy, or addicted to gambling, to feel unhappy with that result.
Let's see how his buyers will fare now.
October 06, 2014, 06:54:44 PM
http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/
Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300.Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
Hint: It involves cheap coins.
a mere fool with 10 million bucks or so in the bank. I expect he can sleep Ok tonight despite your poor opinion of him. Even if his accumulation was down to luck rather than brains ( which i don't concede ), yet more proof you are better off being lucky than smart.
October 06, 2014, 06:50:23 PM
this is why bitcoin will be worth a lot one day my fuzzy wittle fwiends
https://www.reddit.com/r/Bitcoin/comments/2ihp5w/overstockcom_announces_crypto_stock_exchange/
https://www.reddit.com/r/Bitcoin/comments/2ihp5w/overstockcom_announces_crypto_stock_exchange/
buy stocks from overstock, has a ring to it ... throw some stocks in with your next checkout basket when purchasing sheets even
it is bigger than that even
because if one has a stock on the blockchain, one would want their entire ledger on the blockchain so investors can audit and track performance up to the nearest block
no more quarterly reports, no more naked short sells, no more scammy CEOs lying about revenue
Now imagine a brash, young, political party that pledges to make their budgets and spending transparent on the Blockchain. These new possibilities are a threat to the current power structure.
The people who benefit from the current system are not incentivized to "rock the boat". They will fight this tooth and nail.
October 06, 2014, 06:50:08 PM
i can see into the future
October 06, 2014, 06:48:48 PM
You would know! You are Adam The Wall ObserverTM!!!
October 06, 2014, 06:48:23 PM
I'm expecting a few thousand btc to be sold in the next hour, how the market reacts to that will determine if this is a trend reversal or it was just a speed bump to capitulation.
Who's gonna risk the few thousand though?
If the cup/handle holds for a several days/a week the rally could be tremendous.
Who's gonna risk the few thousand though?
If the cup/handle holds for a several days/a week the rally could be tremendous.
October 06, 2014, 06:41:16 PM
http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/
Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300.Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
Hint: It involves cheap coins.
Wait, you are bullish, wat? The buying pressure is what made me suspicious. Usually a wall like that spooks the whole market and the price runs lower but this was different. I had a hard time believing that kind of money was sitting on the sidelines, but I hope you are right because yes, then those were cheap coins.
that use to be true... not so much anymore, more than a few times we've seen big walls pop up, and market nibbles and bites into it fast and furious.
for a second there I was scared that 30K wall would be to much, even if the market started nibbling it, pretty sure yesterdays monster wall was the most expensive ask wall ever.
October 06, 2014, 06:38:57 PM
330 proving subborn
October 06, 2014, 06:37:35 PM
this is why bitcoin will be worth a lot one day my fuzzy wittle fwiends
https://www.reddit.com/r/Bitcoin/comments/2ihp5w/overstockcom_announces_crypto_stock_exchange/
https://www.reddit.com/r/Bitcoin/comments/2ihp5w/overstockcom_announces_crypto_stock_exchange/
buy stocks from overstock, has a ring to it ... throw some stocks in with your next checkout basket when purchasing sheets even
it is bigger than that even
because if one has a stock on the blockchain, one would want their entire ledger on the blockchain so investors can audit and track performance up to the nearest block
no more quarterly reports, no more naked short sells, no more scammy CEOs lying about revenue
Who in their right mind would issue shares with such limitations
my family and friends lost millions several years ago because of a CEO lying about quarterly earnings, i'm really happy to see this develop, i hope to see no one else go through something like that
October 06, 2014, 06:34:48 PM
<320 tonight?
time to load the boat?
time to load the boat?
Bitfinex is struggling (and succeeding) in becoming the cheapest exchange
It will be interesting to see if we still get excessive dumps that take out support like it was nothing or if that has changed now.
October 06, 2014, 06:34:45 PM
I hate this, the bitcoin price is slowly tanking 
Why is the downtrend pattern repeating? yesterday there was the same downtrend at the same time, is it normal?
Why is the downtrend pattern repeating? yesterday there was the same downtrend at the same time, is it normal?
October 06, 2014, 06:32:16 PM
Usually I would say the 30k sell wall bearwhale has eaten his own wall, but the fees on stamp to do that would be pretty astronomical.
Compared to the profit he stands to make if he sparks a rally, those fees would be a drop in the bucket.
October 06, 2014, 06:29:48 PM
http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/
Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
I agree this is true, it turned out that this was no manipulator but a mere fool who wasn't patient or experienced enough to split his selling upon multiple markets and over time, in addition to selling into a short-term highly depressed price. Yet you have to ask yourself where all this buying pressure came from that devoured 30k BTC @300.Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.
"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."
The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.
Hint: It involves cheap coins.
Wait, you are bullish, wat? The buying pressure is what made me suspicious. Usually a wall like that spooks the whole market and the price runs lower but this was different. I had a hard time believing that kind of money was sitting on the sidelines, but I hope you are right because yes, then those were cheap coins.
October 06, 2014, 06:29:42 PM
Maybe he was "just stupid" maybe he was "panic selling" or maybe the guy took some mushrooms and felt like selling? or maybe overlord Xenu ordered him to sell...Maybe a unicorn rogered him until he sold
Maybe the Bitcoins became self aware and sold themselves.
That he was just stupid and decided to make a stupid sell move I do not buy personally.
Maybe the Bitcoins became self aware and sold themselves.
That he was just stupid and decided to make a stupid sell move I do not buy personally.
Let's face it. The bulls have made a bullish story about it, the bears have made a bearish story about it. The most interesting thing will be the trend over the next fortnight
The Next Two Weeks Are Critical For BitcoinTM
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