Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26740.

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

Super Smash Bros. Ultimate Available Now!

Quote from: dropt on July 16, 2014, 04:32:15 PM

Quote from: MoreFun on July 16, 2014, 04:09:24 PM

Quote from: keithers on July 16, 2014, 04:07:43 PM

A couple of decent sized 300+BTC chunks being sold off on Stamp right now... Brought us back down to our $615 range estimate

There was only one 1,000.00000000 BTC market sell with target price $600.00. Cool

Dumping this way might tell us he is not finished yet...

Also great timing...

Second one in 24 hours. Someone's picking up the pace, but for what reason?

Weekly candle on bitcoinwisdom closes in a couple of hours. I think.

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: MoreFun on July 16, 2014, 04:09:24 PM

Quote from: keithers on July 16, 2014, 04:07:43 PM

A couple of decent sized 300+BTC chunks being sold off on Stamp right now... Brought us back down to our $615 range estimate

There was only one 1,000.00000000 BTC market sell with target price $600.00. Cool

Dumping this way might tell us he is not finished yet...

Also great timing...

Second one in 24 hours. Someone's picking up the pace, but for what reason?

inca

legendary

Activity: 1176

Merit: 1000

Quote from: kireinaha on July 16, 2014, 04:24:47 PM

Someone clearly wants to keep bitcoin price suppressed for whatever reason. But it's all right, we should be happy that we have more opportunity to buy at such incredible low prices while we still can. It feels like it's dragging on forever, but it won't.

Yes, I have significant funds coming in 7 days. Hopefully we stay in this range or dip lower by then.

The longer we sit here consolidating the better i think.

kireinaha

sr. member

Activity: 350

Merit: 253

Someone clearly wants to keep bitcoin price suppressed for whatever reason. But it's all right, we should be happy that we have more opportunity to buy at such incredible low prices while we still can. It feels like it's dragging on forever, but it won't.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ?? on ??

so who is still feeling bullish? Cheesy

Getting some great rates at these low prices.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: keithers on July 16, 2014, 04:07:43 PM

A couple of decent sized 300+BTC chunks being sold off on Stamp right now... Brought us back down to our $615 range estimate

There was only one 1,000.00000000 BTC market sell with target price $600.00. Cool

Dumping this way might tell us he is not finished yet...

Also great timing...

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

A couple of decent sized 300+BTC chunks being sold off on Stamp right now... Brought us back down to our $615 range estimate

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: cAPSLOCK on July 16, 2014, 02:55:01 PM

Quote from: JorgeStolfi on July 16, 2014, 02:23:43 PM

Quote from: romneymoney on July 16, 2014, 02:06:17 PM

Speculation inherently runs the risk of being wrong. That's no excuse not to participate. Stop beating around the bush and make a price prediction, Stolfi.

A couple of months ago I tried issuing a daily ~20h prediction based on a hunch that I though might work (the "Chinese Slumber Method"). But in the end it was not significantly better than the trivial method "tomorrow the price will be the same as today".

So my prediction for tomorrow at this hour on Bitstamp is 621.18 USD. Also for next year on this day, too. Wink

I will lay 10:1 against your prediction for Jul 16, 2015. Will bet up to 1 Bitcoin.

I don't bet unless I believe I am right and I believe that I know why the other guy is wrong. And even then a pizza and beer is my upper limit.

But, out of curiosity, what would be your bet -- higher than than mine, or lower?

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: cAPSLOCK on July 16, 2014, 02:55:01 PM

Quote from: JorgeStolfi on July 16, 2014, 02:23:43 PM

Quote from: romneymoney on July 16, 2014, 02:06:17 PM

Speculation inherently runs the risk of being wrong. That's no excuse not to participate. Stop beating around the bush and make a price prediction, Stolfi.

A couple of months ago I tried issuing a daily ~20h prediction based on a hunch that I though might work (the "Chinese Slumber Method"). But in the end it was not significantly better than the trivial method "tomorrow the price will be the same as today".

So my prediction for tomorrow at this hour on Bitstamp is 621.18 USD. Also for next year on this day, too. Wink

I will lay 10:1 against your prediction for Jul 16, 2015. Will bet up to 1 Bitcoin.

I'll 1 up that. 10:1 against your prediction, except I'll even let you win if your bet is within 10% of the market price.

DjPxH

full member

Activity: 210

Merit: 100

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

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

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...

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: JorgeStolfi on July 16, 2014, 02:23:43 PM

Quote from: romneymoney on July 16, 2014, 02:06:17 PM

Speculation inherently runs the risk of being wrong. That's no excuse not to participate. Stop beating around the bush and make a price prediction, Stolfi.

A couple of months ago I tried issuing a daily ~20h prediction based on a hunch that I though might work (the "Chinese Slumber Method"). But in the end it was not significantly better than the trivial method "tomorrow the price will be the same as today".

So my prediction for tomorrow at this hour on Bitstamp is 621.18 USD. Also for next year on this day, too. Wink

I will lay 10:1 against your prediction for Jul 16, 2015. Will bet up to 1 Bitcoin.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26740. (Read 26609764 times)