Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25302.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: mmitech on October 05, 2014, 11:59:21 AM

Quote from: fonzie on October 05, 2014, 11:55:33 AM

Quote from: mmitech on October 05, 2014, 11:49:56 AM

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.

Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.

There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5KBTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.

If he wanted to sell, he would have called, GABI, Tim Draper, Barry Silbert, some other OTC exchange, or just dump them all in one go. But not by placing walls on a sunday!

robinwilliams

member

Activity: 112

Merit: 10

Quote from: blade87 on October 05, 2014, 11:56:55 AM

Quote from: Richard Branson on October 05, 2014, 11:52:13 AM

Quote from: mmitech on October 05, 2014, 11:49:56 AM

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator....

Yeah. If you have 30-50k Bitcoins and did never sell (mined or bought in 2010/2011) then it is time to take some profits.
And 300$ is not that bad (compared to 0.05$). The ATH was only 4x higher (and only a short moment). You can still make a shitload of good, old fiat and invest in somewhere else (house, metals, startup firm,...)

I guess there's always that early investor(s) who end up completing the bubble cycle. Because even at these prices, there's still a lot to be gained. And it's not like they have to sell off their entire stash. They can sell off 50% to secure millions and ensure that money, and still keep the other 50% for the long term.

ding ding ding ... some sanity in the house.

what would you do if you woke up with 50,000 bitcoins and your cost average was .50 in this market?

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

if someone needs to liquidate a large amount i know a few people that want to buy 50 - 100k blocks...

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: BldSwtTrs on October 05, 2014, 12:01:07 PM

Quote from: mmitech on October 05, 2014, 11:59:21 AM

Quote from: fonzie on October 05, 2014, 11:55:33 AM

Quote from: mmitech on October 05, 2014, 11:49:56 AM

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.

Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.

There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5KBTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.

There is also the possibility that the 5k wall was his, and that he sold into it.

also possible, lets see how things develop, maybe this will turn to be something bullish after all.

pera

sr. member

Activity: 532

Merit: 261

バカ

Quote from: lucky88888 on October 05, 2014, 11:57:01 AM

i voted yes bitcoin is done just to make more panic!

*tips*

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: seleme on October 05, 2014, 11:58:24 AM

Quote from: mmitech on October 05, 2014, 11:33:08 AM

I have to admit I am kind of worried...there is something happening behind the scenes.

Seeing that wall, the only thing it might happening behind is bullish.

hm. But do you think this wasn't the same guy which sold the 6000btc at $306? I just bought a few. Just in case to miss the bull time. (worse than losing money

)

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Quote from: mmitech on October 05, 2014, 11:59:21 AM

Quote from: fonzie on October 05, 2014, 11:55:33 AM

Quote from: mmitech on October 05, 2014, 11:49:56 AM

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.

Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.

There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5KBTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.

There is also the possibility that the 5k wall was his, and that he sold into it to trigger the panic, and then put the wall to lock lower prices while he is rebuying.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: wiak2 on October 05, 2014, 11:57:07 AM

Smell the despair! Time to load up, spring is coiled.

Spring is coiled?

Uhm. No. It isn't.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: fonzie on October 05, 2014, 11:55:33 AM

Quote from: mmitech on October 05, 2014, 11:49:56 AM

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator.... the minute he saw that Bid wall he saw a chance to sell off some of his stash and he did put the ask wall thinking that someone will eat into it.

Ok, so why did he remove it after a short while if he is a legit sell, and build up that 8000BTC bid wall....
and why didn´t he slowly sell out over all exchanges distributed.
Sorry but your explanation is highly unlikely.

There is a big possibility that he is verified only at Bitstamp (in instance I am verified only at stamp), the other possibility is him selling for the available 5KBTC and watching if anyone is prepared to buy his stash which eventually failed, and I think he did remove that Bid wall to not cause more panic.... after all, I think he still interested in selling even more, we will see how things develop when more bids build up.

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: podyx on October 05, 2014, 11:56:24 AM

Meanwhile hashrate keeps climbing

The bidside looks so fucking thin though

It really makes no fucking sense which is kinda why I'm expecting that this is the end....

yes hashrate is ATH... this is absurd

robinwilliams

member

Activity: 112

Merit: 10

Quote

I hope that I have more money for cheap coins Grin
It's time to 25x your savings

whenever i see these i know it's not time to ~~invest~~ gamble yet.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: mmitech on October 05, 2014, 11:33:08 AM

I have to admit I am kind of worried...there is something happening behind the scenes.

Seeing that wall, the only thing it might happening behind is bullish.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: Xiaoxiao on October 05, 2014, 11:54:57 AM

No this thing is going to be BAD. The reason right after GOX was obliterated and the price didn't really move, was because according to some TA it was time for a new rally so everyone had their hopes up. The thing is no one knew that the age of exchange engineered rallies are now officially over. So the dust started settling and now we are seeing it. Who knows how low the dust will settle, but I believe it could go as low as sub $50 or sub $30.

wiak2

sr. member

Activity: 560

Merit: 250

Smell the despair! Time to load up, spring is coiled.

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

i voted yes bitcoin is done just to make more panic!

blade87

hero member

Activity: 644

Merit: 500

Quote from: Richard Branson on October 05, 2014, 11:52:13 AM

Quote from: mmitech on October 05, 2014, 11:49:56 AM

I think that the one who had that 30K BTC and sold into that 5K BTC wall is a legit seller and not a manipulator....

Yeah. If you have 30-50k Bitcoins and did never sell (mined or bought in 2010/2011) then it is time to take some profits.
And 300$ is not that bad (compared to 0.05$). The ATH was only 4x higher (and only a short moment). You can still make a shitload of good, old fiat and invest in somewhere else (house, metals, startup firm,...)

I guess there's always that early investor(s) who end up completing the bubble cycle. Because even at these prices, there's still a lot to be gained. And it's not like they have to sell off their entire stash. They can sell off 50% to secure millions and ensure that money, and still keep the other 50% for the long term.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

Quote from: porcupine87 on October 05, 2014, 11:55:34 AM

Ok, back from fiat to bitcoin. My guess is that we go back to 350 - 400 in a couple of days.

No are you serious? It just hit the previous ATH which no one said it would hit, and there is not even a dead cat bounce. No it most likely won't hit that range, and if it does it will fall even harder towards end of 2014.

podyx

legendary

Activity: 2338

Merit: 1035

Meanwhile hashrate keeps climbing

The bidside looks so fucking thin though

It really makes no fucking sense which is kinda why I'm expecting that this is the end....

James1970

newbie

Activity: 68

Merit: 0

just wait for 250 Cheesy

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