Some nice manipulation walls on Bitfinex. They'll disappear in an instant if the rest of the market moves up. But for now, the trend continues down. This is a bit painful to watch tbh.
According to our mod Blitz there is no manipulation.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26016. (Read 26609360 times)
September 02, 2014, 03:53:19 AM
According to our mod Blitz there is no manipulation.
September 02, 2014, 03:52:27 AM
i guess someone bought his own asks just to keep us involved
lol, you think someone is that fool and give free commission.
There was big order and it was eaten by others.
well then there were no fake walls and people with ~ 2000btc just got out
September 02, 2014, 03:49:51 AM
i guess someone bought his own asks just to keep us involved
lol, you think someone is that fool and give free commission.
There was big order and it was eaten by others.
September 02, 2014, 03:28:57 AM
"2014 - the year of bitcoin"
LOL, how's that get rich quick working out for ya?
Ok i guess. Holding and accumulating more. Nothing else to do lately.
It is funny that the price drops in the past were atleast artifically connected to some bad news. Now it is just dropping, lol.
I wish we had an inside line to Stamp and Finex to know if it was one or multiple parties colluding on the baseless dumps. September 02, 2014, 03:28:35 AM
Rocket launchpad formation at 15m.
September 02, 2014, 03:22:13 AM
That was fast!
September 02, 2014, 03:18:37 AM
Whoa, were those walls entirely eaten on Bitfinex? Or partly pulled maybe? Looks like a lot of volume on Wisdom, but didn't manage to catch the action.... what happened?! 
All eaten, didnt see any get pulled, it was fast.
September 02, 2014, 03:18:33 AM
maybe it's fishing for another round of margin calls, if i were to trade this i'll put my orders on high 300's @btce
but i'm just painfully holding
but i'm just painfully holding
September 02, 2014, 03:18:27 AM
"2014 - the year of bitcoin"
LOL, how's that get rich quick working out for ya?
Ok i guess. Holding and accumulating more. Nothing else to do lately.
It is funny that the price drops in the past were atleast artifically connected to some bad news. Now it is just dropping, lol.
September 02, 2014, 03:18:09 AM
i guess someone bought his own asks just to keep us involved
September 02, 2014, 03:17:12 AM
Whoa, were those walls entirely eaten on Bitfinex? Or partly pulled maybe? Looks like a lot of volume on Wisdom, but didn't manage to catch the action.... what happened?!
September 02, 2014, 03:16:17 AM
Forget coffee... i'm opening a bottle of grappa barricata right now.
September 02, 2014, 03:13:56 AM
Nom Nom Nom
September 02, 2014, 03:13:47 AM
Go long here!
September 02, 2014, 03:13:40 AM
In boom times of rapidly rising stock markets like now, counterparty risk is not something people think of, return on investment reigns supreme. Sometime soon return of investment will take primary place in peoples minds, and how many places can you park your money with little to no couterparty issues? Nobody can print more BTC and nobody can change a law and say you no longer own it. Outlawing it like they have with gold in the past is the only real issue, and gold confiscation has never worked out so well for governments.
September 02, 2014, 03:13:08 AM
This. If nothing else there is truly a problem for the brand when exchanges malfunction, when markets are manipulated by margin hunters, and when the price is more or less set by a Junta of pot heavy insiders. The new money is, almost by definition, not of the hodler/true believer mentality. They can be converted, but it takes a while... again, they are new. So, if they lose a bit here and there while learning that is great. If they get whipsawed to death by market activity that is unexplained by TA or news... you lose them. We are skirting near the territory where you are facing the potential of a long-term setback for adoption and support.
I think we are losing adoption NOW. User numbers don't seem to be rising at all, and the main complaint is losing money on their investment. I literally know no one else who owns coins anymore. This manufactured drop from $600 is killing the tech. (Tes, exchange rates matter, trolls.)
Note that game theory says the price will trend to zero. As long as there are hundreds of people with enough coins to play the dump game, one of them will continue doing it to make their extra 20 or 30 coins per day. If you gave me 3k btc today, I could guarantee I would have 6k in 90 days. The game is too easy.
Those posters who say that the only people who care about the price (exchange rate) are get rich quick dreamers are deluded. If I could buy a laptop with 2 bitcoins 3 months ago, but now need to use 3 btc, there is a serious problem. And as long as 99.9% of goods require USD to purchase, the exchange rate is important.
I left out one point before: look at how much concentrated effort it took to break through support at 500. Thousands and thousands and thousands of coins dumped to break support and make the dump game possible again. How many of the big guys had to help to break through? I sincerely thought it was impossible to reach 490...forgetting that there are single individuals with 50k coins who could wipe out the entire order book.
Now, explain to me how it is possible to have another bubble. It will be a race to see who can dump fastest and hardest to make the biggest percentage gain on a thin order book. IIRC, to cut the price 40% in November only took a 1k dump; stops triggered, margins called, panic selling, huge profit with no risk. They won't be able to control themselves when the opportunity arises next time .
I will say this with all honesty: I no longer believe btc has any chance of being a serious currency due to its users. I have always been a short term agnostic and long term bull. I am full bear now. I doubt that we will ever see 700 again, and 300's will be here soon. The big guys are warning everyone everyday that they want lower prices. Believe them.
Congratulations on being the most recent in a long line of thousands who have predicted the end of bitcoin. There have been many before you and there will be many after you. Thanks for being a part of it all.
There will always be "end of worlders" and there will always be "end of bitcoiners."
And yet you (Windjc) are always promoting "logic" and "dispassionate" trading but the numbers don't lie: we have been going down all year, are still going down and there appears to be little new blood in the market.
So, BTC's ultimate success becomes an article of faith -- the antithesis of what you claim drives your involvement in Bitcoin.
All this has happened before and will happen again....
i would not give a fuck if i had been involved in 2013 or earlier...it is still a big plus from back then...but everyone who started in 2014 lost hard...except lucky day traders...and i don't think that 2012 a lot of people put in a couple of thousand dollars into bitcoin
September 02, 2014, 03:11:00 AM
"2014 - the year of bitcoin"
LOL, how's that get rich quick working out for ya?
September 02, 2014, 03:10:12 AM
Keep calm. Price will recover soon.
September 02, 2014, 03:09:50 AM
Baam. Let them wall fall.
September 02, 2014, 03:09:43 AM
Some nice manipulation walls on Bitfinex. They'll disappear in an instant if the rest of the market moves up. But for now, the trend continues down. This is a bit painful to watch tbh.
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