Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26420.

Schickeria

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Quote from: JorgeStolfi on August 18, 2014, 09:58:39 AM

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could. Now those people changed their minds, and dumped everything back. So the price got back to where it was. Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

That's how I see it, too.

If manipulation is: Clever players making money with bullish overexcitement, then it's heavy manipulated. Agreed. Business as usual, on all markets, not only bitcoin.

mmitech

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things you own end up owning you

Quote from: JorgeStolfi on August 18, 2014, 09:58:39 AM

Quote from: empowering on August 18, 2014, 09:44:54 AM

wow... you have spent too much time on this thread Jorge... you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.

The language may be a failed attempt to be funny but the opinion is quite serious. What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either. Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could. Now those people changed their minds, and dumped everything back. So the price got back to where it was. Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

here is a good explanation for that one: "Dell adding Bitcoin" buy the rumors and sell the news, some insiders already knew this was happening so they bought thinking the price will skyrocket when the news is out and they got caught with disappointment when this didn't happen.... what follow next is the market doing its thing.

Spaceman_Spiff

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Quote from: mmitech on August 18, 2014, 10:00:18 AM

Quote from: Spaceman_Spiff on August 18, 2014, 09:54:13 AM

I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.

ah don't worry, I think they will be filled and you will be sorry for not putting them lower.

Could very well be. I have lower bids as well , so keep it coming Grin

.

Spaceman_Spiff

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Quote from: JorgeStolfi on August 18, 2014, 09:58:39 AM

Quote from: empowering on August 18, 2014, 09:44:54 AM

wow... you have spent too much time on this thread Jorge... you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.

The language may be a failed attempt to be funny but the opinion is quite serious. What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either. Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could. Now those people changed their minds, and dumped everything back. So the price got back to where it was. Is its so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

A possible explanation: a lot of not so steady hands thought "bottom was in, now lets go in for TO DA MOON $10k by end of the year".
Then it turned out that bitcoin doesn't magically give instant riches as quickly as they wanted it to (not enough new buyers yet at higher prices), and then they got fearful when it started going down again.

mmitech

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things you own end up owning you

Quote from: Spaceman_Spiff on August 18, 2014, 09:54:13 AM

I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.

ah don't worry, I think they will be filled and you will be sorry for not putting them lower.

ChartBuddy

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Explanation

JorgeStolfi

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Quote from: empowering on August 18, 2014, 09:44:54 AM

wow... you have spent too much time on this thread Jorge... you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.

The language may be a failed attempt to be funny but the opinion is quite serious. What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either. Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could. Now those people changed their minds, and dumped everything back. So the price got back to where it was. Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

Patel

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The next ATH delayed until Jan/Feb

empowering

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Quote from: JimboToronto on August 18, 2014, 09:49:08 AM

Quote from: empowering on August 18, 2014, 09:44:54 AM

more like a troll lunatic/Bitcointalk.org member/one of us than an academic

The two are mutually exclusive?

actually yeah as it goes you are right...I think the two may go hand in hand : )

Spaceman_Spiff

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I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.

JimboToronto

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You're never too old to think young.

Quote from: empowering on August 18, 2014, 09:44:54 AM

more like a troll lunatic/Bitcointalk.org member/one of us than an academic

The two are mutually exclusive?

Richy_T

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Looks like it's time to put the paper wallets in deep storage and go out and enjoy the sunshine.

F**k, it's overcast and stormy.

empowering

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wow... you have spent too much time on this thread Jorge... you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.

Newbie1022

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Likely moving to retest.

JorgeStolfi

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Ladies and Gentlemen, you have just watched /The May 2014 Bitcoin Bubble/, complete, performed by the Peking Opera Buffa Company. Now back to our regular programming.

Patel

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Lets add an appropriate soundtrack to this price doom. Lyrics fit the bear's situation so well.

http://youtu.be/DeumyOzKqgI?t=29s

derpinheimer

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Quote from: mmitech on August 18, 2014, 09:38:35 AM

Quote from: N12 on August 18, 2014, 09:35:41 AM

Update on r/Bitcoin sentiment. 4/7 of the highest upvoted posts are about the price crash. People are scared. You know what time it is. Cheesy

look at the first post "BTC-E Flash Crash to $327", the guy did use the 1m chart at Bitcoin wisdom.... I didn't know there are people who actually use the 1m chart...

Yes, also useful for checking out volume spikes where the price is stable

amit123

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Quite a confusing fall.

and what hurts more is I don't have fiat in exchange to buy some cheap coins. BTW who got lucky buying @320$ ?

N12

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1m chart is useful in dissecting flash crashes because they happen so quickly. Tick charts could also be useful.

mmitech

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things you own end up owning you

Quote from: N12 on August 18, 2014, 09:35:41 AM

Update on r/Bitcoin sentiment. 4/7 of the highest upvoted posts are about the price crash. People are scared. You know what time it is. Cheesy

look at the first post "BTC-E Flash Crash to $327", the guy did use the 1m chart at Bitcoin wisdom.... I didn't know there are people who actually use the 1m chart...

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