Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25844. (Read 26609699 times)

i'm going to comiccon tomorrow.

you have been warned.

nerdcore is awesome 

At least the song at the end was cool.

its really kinda lame. but wtv

IMPOSSIBLE!

i dont know of any plastic surgeon that accepts  bitcoin

there real boys!

wank Wank WANK!!!

Fakest boobs ever. Seriously, are those bolt on?

And in bitcoin news, it's amazing that people keep on mining. *shakes head*

Yes, of course. You are right. This shorter could be an idiot. I only would not count on that he's an idiot  

Therefore I said: I better stay with what I can see and that's not so much  

Oh yes, she know how to explain things.

Explanation

Just because someone owns a few thousand BTC doesn´t mean that he´s overall smart or can control the market. I have seen fools(DavidPate) puttin up 1000BTC bid walls for Mxcfees near the top or 4-5000BTC sell walls @LTC/BTC 0.008 a year ago just before it rised to 0.05. That 3000BTC sell wall on Finex could have easily belonged to a 16 year old hacker, that might have gambled too hard.

gr8, now we can wank and bitcoin at the same fucking time!

For me it's totally uninteresting if there's acually some strange kind of bear raid ongoing, but people with that amount of wealth trading are normally not that dumb. Smart players know that they have to hide their shorts from the market, so if any question is valid you should better ask why someone is shorting so obviously? Is he trying to direct the market into a trap to the opposite position?

But I will not deepen such thinking cause ultimately we will get no answer. I stay with what I see: An overall very bearish picture. I admit that this could change quickly but at least for first small bullish signs that could occur we have to wait for the end of this consolidation what once again makes a rather bearish impression.

LOL
That too is possible. In my opinion is less likely because these kind of godzilla traders usually don't use margin. I can imagine they even manipulate the money-market (the swaps...). For example, remember how USD swap rates increased at the end of may? Sure people were going long, but the rate was sustained by big fat multi-million dollar swap bids... from august on instead the situation is the exact contrary, including big fat USD swap asks. Oh god, this is so fucking complex. aaaaah

EDIT: Watch this, it is fun

I hear ya.
but!
say the shorts that covered was the manipulator ( same manipulator that has been driving down prices, trying to force capitulation ) he just changed teams... and he's a hell of a player.
put that in your pipe and smoke it!

If the guys behind the shorts are trading straight up on their expectation for the market then this would be a reflection that the price would not go any lower or at least much lower. The evidence in justification of this is that we are no longer seeing panic selling whenever there is a dump. The countervailing evidence to this is the fact that they are "manipulators" so we wouldn't expect them to trade straight up and although there isn't panic with a dump there also isn't exuberance with a pump (there is almost no volume outside of the whales, period).

The alternative is that they are just letting the price drip upwards into the high 480s/low 490s and then they are going to drop the elbows again, bring the price down to about 460 and then close out their shorts that have an average value of about $480 at a bid with an average price of $465 to $470. Even without the panic by traders, it's pretty obvious that such a strategy would be profitable in the short-term.

That said, how long are the big boys like Draper going to allow this s--- to go on before they intervene and trade within the market rather than off the market to pump the price and preserve the brand. You don't need regulation if you have opposing manipulators because it works out in the wash, but lately we've only had one side of the equation and, looking at the volume after the pumps, it's done considerable damage to general sentiment and risk appetites.


This is me not being hyperbolic or ornery. Wait a few days... I'll be irritating again in no time.

Because i through that those walls were brought by the same individual that placed them (a form of 'manipulation'), but if those shorts have been closed this mean that buyer and seller where different individuals.
Now, if you had the power to place a 3k+ sell wall (and at 475$ !!!), and place it, then you know that price is gonna be lower in a little while.
Knowing in this sentence being equivalent to 'make it happen yourself'. (eg: an insider is equivalent to a 'manipulator', in the academic sense trading is information).
I hope it is clear, i'm kind of high  

I agree about ETF.

no way.

why do you think this?

ETF is days away now, i can feeeel it.

i think the ETF could easily grow into the biggest market bitcoin has ever seen in a matter of days.

Indeed, those shorts may have been useful as fuel. Too bad.
Even if it there is a positive black swan about to happen, i'm starting to think that we are headed down in the immediate term. Gut-feeling.

Explanation

i guess that means we won't get to see 10K in shorts squeezed into forced liquidation buying up the hole order book and beyond, but, given the rough patch we have been experiencing, it makes sense shorts wouldn't have a very hard time covering.