Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26739.

DjPxH

full member

Activity: 210

Merit: 100

Quote from: DjPxH on July 16, 2014, 03:16:11 PM

Quote from: keithers on July 16, 2014, 03:13:51 PM

Quote from: ChartBuddy on July 16, 2014, 03:00:17 PM

Explanation

We look to be sticking in the $615-$625 range today unless there are some big buyers or sellers that start logging on...

It seems, the most probable thing to happen is that all those miners or entities having to ~~dump~~ sell a part of their coins every other day only drive the price down gradually. Let's see what happens... Undecided

Ha.... Ha! What did I say? Nothing's happening these days but those dumps every 12-24 hours. It's very interesting, though that they don't actually manage to get the price down substantially. We've seen times where small dumps like these would have crashed the market!

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: ?? on ??

The 1k dumps could be arbs from China, the low was $610 and there's been some dumping on Huobi under that.

Didn't Ol'boy that bought the auction coins say that he was going to use them for liquidity and arbitrage?

lay785

sr. member

Activity: 266

Merit: 250

bullish af

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Quote from: Davyd05 on July 16, 2014, 05:18:34 PM

Quote from: ?? on ??

I don't believe there are that many above 70.

I don't believe there are so few under 18

don't know many 18 years old with money to invest...

Lots of warcraft kiddies turned their uber graphics cards to mining and made a lot of coins, there where gangs of the feckers kicking the price around in the btc-e trollbox when it was in the $10-$15 range. Wouldn't be at all surprised if a few of the whales we see today have barely passed puberty. Wouldn't question their trading skills either, I doubt anyone who's bargained with kids in MMO's would, some of the shrewd feckers would put any used car salesman to shame.

warcraft isn't gpu intensive, it required a quality cpu but the idea is sound.

Davyd05

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Activity: 574

Merit: 500

Quote from: kireinaha on July 16, 2014, 05:21:29 PM

Quote from: Davyd05 on July 16, 2014, 05:18:34 PM

Quote from: ?? on ??

I don't believe there are that many above 70.

I don't believe there are so few under 18

don't know many 18 years old with money to invest...

Nor the attention span to stick around during these prolonged periods of sideways movement. The 70+ category, I call bullshit on.

my grandfather is 92 and he was willing to invest some money.

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: Davyd05 on July 16, 2014, 05:18:34 PM

Quote from: ?? on ??

I don't believe there are that many above 70.

I don't believe there are so few under 18

don't know many 18 years old with money to invest...

Nor the attention span to stick around during these prolonged periods of sideways movement. The 70+ category, I call bullshit on.

bitcoinsrus

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

I don't believe there are that many above 70.

I don't believe there are so few under 18

lol, I deleted that original post because I realized now that I think about it, its more likely that older people 70+ are somewhat into btc. Just the other day, this old guy using was this coupon on his smartphone (I don't understand how that works though).

3 people under 18. I only think I seen one confirmed on here (sam, simon or something).

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

I don't believe there are that many above 70.

I don't believe there are so few under 18

don't know many 18 years old with money to invest...

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: wingsfan23 on July 16, 2014, 04:49:55 PM

Create a BFX long squeeze.

If they wanted to create a long squeeze they could save all of the coins they've dumped on stamp and drop them all at once on Finex. Boom, job done.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

I have age poll results for you.

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: kireinaha on July 16, 2014, 04:55:13 PM

Quote from: wingsfan23 on July 16, 2014, 04:49:55 PM

Quote from: MoreFun on July 16, 2014, 04:45:33 PM

Quote from: wingsfan23 on July 16, 2014, 04:41:16 PM

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

We can just hope that this is not insider...

An insider that is trying to get out of BTC would hopefully want to maximize their fiat by selling a little slower.

If I had to guess, I would say it is either someone trying to keep price low in order to accumulate, or to collect interest on BFX longs, or to create a BFX long squeeze.

I wouldn't dismiss the possibility of some type of government agency or cooperative effort between major banks. Let's not forget that there are many people who want bitcoin to fail, and it's not a stretch of the imagination to think that they're taking subversive efforts to dampen market sentiment. Why else would someone dump 1,000 BTC+ on the market all at once?

Buy 10K btc off market, dump 1K on market to drop the price. Buy the next 10K cheaper, sell some of those and repeat until you run out of fiat. Probably on a much larger scale though.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

hyphymikey

hero member

Activity: 784

Merit: 1000

Quote from: tarmi on July 16, 2014, 02:14:50 PM

and all this talk about manipulation when someone is dumping in 500 batches while everyone else is expecting a bubble is...manipulative.

Cheesy

but I have my doubt that the seller will simply stop or go away.

They will run out of coins eventually... Soon I think, as the dumps are getting closer together

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: ?? on ??

Quote from: MoreFun on July 16, 2014, 04:45:33 PM

Quote from: wingsfan23 on July 16, 2014, 04:41:16 PM

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

We can just hope that this is not insider...

This is open source, everyone's an insider.

Looks like I should rephrase the sentence for you and also for some others: We can just hope that this is not an entity with insider information...

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: wingsfan23 on July 16, 2014, 04:49:55 PM

Quote from: MoreFun on July 16, 2014, 04:45:33 PM

Quote from: wingsfan23 on July 16, 2014, 04:41:16 PM

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

We can just hope that this is not insider...

An insider that is trying to get out of BTC would hopefully want to maximize their fiat by selling a little slower.

If I had to guess, I would say it is either someone trying to keep price low in order to accumulate, or to collect interest on BFX longs, or to create a BFX long squeeze.

I wouldn't dismiss the possibility of some type of government agency or cooperative effort between major banks. Let's not forget that there are many people who want bitcoin to fail, and it's not a stretch of the imagination to think that they're taking subversive efforts to dampen market sentiment. Why else would someone dump 1,000 BTC+ on the market all at once?

wingsfan23

newbie

Activity: 32

Merit: 0

Quote from: MoreFun on July 16, 2014, 04:45:33 PM

Quote from: wingsfan23 on July 16, 2014, 04:41:16 PM

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

We can just hope that this is not insider...

An insider that is trying to get out of BTC would hopefully want to maximize their fiat by selling a little slower.

If I had to guess, I would say it is either someone trying to keep price low in order to accumulate, or to collect interest on BFX longs, or to create a BFX long squeeze.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: MoreFun on July 16, 2014, 04:45:33 PM

Quote from: wingsfan23 on July 16, 2014, 04:41:16 PM

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

We can just hope that this is not insider...

Insider of what?

Also, what about not challenging them? If you won't I will! I doubt it will have an effect at any rate Wink

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: wingsfan23 on July 16, 2014, 04:41:16 PM

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

We can just hope that this is not insider...

wingsfan23

newbie

Activity: 32

Merit: 0

I'm impressed with how well the market is handling these dumps. Price drops, then slowly grows right back up to near previous levels. I'm not sure if the dumper will be able to foster much more fear (not that I'm challenging them!).

Dragonkiller

sr. member

Activity: 378

Merit: 250