Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25211.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: prophetx on October 06, 2014, 06:10:06 PM

Quote from: ?? on ??

Quote from: prophetx on October 06, 2014, 05:38:23 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/

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 Huh

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: oda.krell on October 06, 2014, 04:08:54 PM

Same on finex and okcoin. Huobi saw slightly higher in April.

You did not buy under $300 ? ... I'm sorry to announce to you "you will not in the future.", probably.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: WeltMaster on October 06, 2014, 03:23:57 PM

Quote from: ElectricMucus on October 06, 2014, 12:25:49 PM

Quote from: WeltMaster on October 06, 2014, 11:38:02 AM

Reminder:

The first time we had volume this high on the daily was when SR went bust.

:^)

That's bullshit.
Both the 1200 peak and the following lows were higher.

Well considering the 1200 peak was after the takeover of SR it's pretty difficult for it to be the first time we have had that volume.

And I'm going based on bitstamp's figures, if we look at gox+all exchanges there is a couple of earlier dates.. But in all honesty the more I look at gox charts the more I begin to tear up.

Why do you tear up? Your own personal loss? Loss of the BTC sphere? the mere scandalous nature of the whole thing? or some other reason(s)? I believe the passage of time has largely caused people to refer to GOX in more detached ways..

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: ?? on ??

Quote from: prophetx on October 06, 2014, 05:38:23 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/

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

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: heartastack on October 06, 2014, 05:28:23 PM

Quote from: empowering on October 06, 2014, 05:21:26 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.

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 Wink

He could have to sell to buy back cheaper, who knows; the price recovered and we didn't see the lows expected by bears who were wrong again!

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

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/

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: derpinheimer on October 06, 2014, 10:39:42 AM

I think the initial buyers were retards. If you are buying 1 btc, and there is a 25k wall, you should wait until its almost gone.

Also, I find the amount of people reciting ,"WALL WAS PULLED" "IT WAS FAKE" "ANOTHER 30K WALL INCOMING" "WALL GUY FELL ASLEEP AND GOT F'CKED" very irritating, since none of that is true.

I must have clicked on the wrong link and got lost in the interwebs...... FUCK!!!!!!!

Can someone please point me in the right direction towards the BTC Wall Observer Speculation thread.. Huh

You know the thread with all the speculation about bitcoin walls and such?

There may be a couple of trolls in there, too,but... you know the which thread I mean Huh

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

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.

heartastack

hero member

Activity: 714

Merit: 500

Quote from: empowering on October 06, 2014, 05:21:26 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.

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 Wink

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on October 06, 2014, 10:35:02 AM

Quote from: Torque on October 06, 2014, 10:28:52 AM

Quote from: derpinheimer on October 06, 2014, 10:27:11 AM

Quote from: Torque on October 06, 2014, 10:26:08 AM

Quote from: derpinheimer on October 06, 2014, 10:20:07 AM

Quote from: hyphymikey on October 06, 2014, 10:16:56 AM

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

Wrong. That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally. It was completely engineered. It was probably their own btc sell wall.

You are delusional. It was a real sell. Get out of lala land.

A big whale can sell to themselves if they are the only one(s) on the exchange. Show me the Average Joe buyers.

were is JayJayWallsOfText when you need him.

oh thats right BUYING!

I'm not "loaded" yet. Wink

empowering

legendary

Activity: 1078

Merit: 1441

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.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Carra23 on October 06, 2014, 05:15:56 PM

Quote from: N12 on October 06, 2014, 05:09:35 PM

Quote from: ShroomsKit on October 06, 2014, 04:45:23 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.

Hint: It involves cheap coins.

Hate to be in his shoes now. Imagine how miserable he is feeling now, and will continue feel when he sees he could have got double the money or more.

On the contrary he now has millions of dollars on stamp and he also still hold thousands of coins. He can buy this market back up to 1000 if he wants and then slowly sell out.

heartastack

hero member

Activity: 714

Merit: 500

Quote from: brg444 on October 06, 2014, 05:11:31 PM

Quote from: heartastack on October 06, 2014, 05:06:53 PM

Quote from: brg444 on October 06, 2014, 04:58:58 PM

Quote from: ShroomsKit on October 06, 2014, 04:45:23 PM

http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/

this guy could've dumped a while ago if he had no confidence in his investment

Some people make mistakes. I don't think a lot of computer geeks who mined the shit out of bitcoin 4 years ago really had the time or savvy to hook-up with the right people to manage money.

These guys are essentially lotto winners and enthusiasts.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Quote from: N12 on October 06, 2014, 05:09:35 PM

Quote from: ShroomsKit on October 06, 2014, 04:45:23 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.

Hint: It involves cheap coins.

Hate to be in his shoes now. Imagine how miserable he is feeling now, and will continue feel when he sees he could have got double the money or more.

heartastack

hero member

Activity: 714

Merit: 500

Quote from: N12 on October 06, 2014, 05:09:35 PM

Quote from: ShroomsKit on October 06, 2014, 04:45:23 PM

http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/

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.

Hint: It involves cheap coins.

Exactly. It does not reflect the fundamental state of the investment (except bullish buying at that prices as stated).

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: heartastack on October 06, 2014, 05:06:53 PM

Quote from: brg444 on October 06, 2014, 04:58:58 PM

Quote from: ShroomsKit on October 06, 2014, 04:45:23 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.

a guy who has been around this long, with that many Bitcoin knows better than to put up for sale his whole 30,000 thousand coins in one order. I don't care how lucky he is or inexperienced.

"Decided 300$ was their breaking point"

Yeah right. As if people usually wait until rock bottom price to divest of an asset they have lost confidence in.

When I turned 2k into 50k in the alt market I felt rich and literally dumped at 40% below market price because I wanted a new car.

If I had 10 mil, seriously I would not care how I sold it and even if I lost a couple of mil because I know I'd never see that money in my life anyway.

this guy could've dumped a while ago if he had no confidence in his investment

N12

donator

Activity: 1610

Merit: 1010

Quote from: ShroomsKit on October 06, 2014, 04:45:23 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.

Hint: It involves cheap coins.

heartastack

hero member

Activity: 714

Merit: 500

Quote from: brg444 on October 06, 2014, 04:58:58 PM

Quote from: ShroomsKit on October 06, 2014, 04:45:23 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.

a guy who has been around this long, with that many Bitcoin knows better than to put up for sale his whole 30,000 thousand coins in one order. I don't care how lucky he is or inexperienced.

"Decided 300$ was their breaking point"

Yeah right. As if people usually wait until rock bottom price to divest of an asset they have lost confidence in.

When I turned 2k into 50k in the alt market I felt rich and literally dumped at 40% below market price because I wanted a new car.

If I had 10 mil, seriously I would not care how I sold it and even if I lost a couple of mil because I know I'd never see that money in my life anyway.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25211. (Read 26608460 times)