Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26839. (Read 26710139 times)
July 09, 2014, 06:00:25 PM
July 09, 2014, 05:08:21 PM
I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.
Smooth growth is rational, bubble growth is irrational. People tend to be irrational in the face of fear so we're waiting for a fear-generating event perhaps.
I think the "fear of missing the train" comes when the price starts to move quickly upwards, hence the reason for the bubbles. All we need is a little push to get it going I believe.
July 09, 2014, 05:00:25 PM
July 09, 2014, 04:46:51 PM
I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.
Smooth growth is rational, bubble growth is irrational. People tend to be irrational in the face of fear so we're waiting for a fear-generating event perhaps.
I think the "fear of missing the train" comes when the price starts to move quickly upwards, hence the reason for the bubbles. All we need is a little push to get it going I believe.
July 09, 2014, 04:45:35 PM
What if Circle, Winklevoss, Barry Silbert's exchange, Atlas, Pantera, Index, Xapo, Buttercoin, itBit all launch at once? Will we see a tsunami bubble?
Wasn't there a so called "super bubble" in 2012? It could happen again.
What would the price get to this time $100,000?
We can only dream!
July 09, 2014, 04:42:41 PM
What if Circle, Winklevoss, Barry Silbert's exchange, Atlas, Pantera, Index, Xapo, Buttercoin, itBit all launch at once? Will we see a tsunami bubble?
July 09, 2014, 04:38:41 PM
I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.
Smooth growth is rational, bubble growth is irrational. People tend to be irrational in the face of fear so we're waiting for a fear-generating event perhaps.
EDIT: typo.
July 09, 2014, 04:33:35 PM
Quote from: Ben Lawsky
DFS making good progress on virtual currency regs. Sorry for running slightly behind. Should have proposal out in next week or 2.
https://twitter.com/BenLawsky/status/486962799784914944
https://twitter.com/BenLawsky/status/486962799784914944
Ermahgerd
Lawsky Bitlicense due "in about two weeks"?
This is a fairly big step in the future of bitcoin. I am optimistic and mildly excited about this milestone.
July 09, 2014, 04:12:11 PM
Quote from: Ben Lawsky
DFS making good progress on virtual currency regs. Sorry for running slightly behind. Should have proposal out in next week or 2.
https://twitter.com/BenLawsky/status/486962799784914944
https://twitter.com/BenLawsky/status/486962799784914944
Ermahgerd
Lawsky Bitlicense due "in about two weeks"?
July 09, 2014, 04:00:26 PM
July 09, 2014, 04:00:24 PM
I'm pretty sure we're going down again within a day or two max. I wish it weren't so, but the market sentiment seems to be dropping again and I'm getting strong vibes here.
I have the same feeling. Another leg down to the
Edit: Maybe $610 is more likely.
July 09, 2014, 03:59:21 PM
I agree with moving upward; RSI, Low Volatility & Trend line all say so.
July 09, 2014, 03:52:37 PM
I'm pretty sure we're going down again within a day or two max. I wish it weren't so, but the market sentiment seems to be dropping again and I'm getting strong vibes here.
Hmmm. It seems when things get this "tight" with little movement we are about to push up again so I would disagree. I think another day or two at most before we break out upwards.
July 09, 2014, 03:51:36 PM
Quote from: Ben Lawsky
DFS making good progress on virtual currency regs. Sorry for running slightly behind. Should have proposal out in next week or 2.
https://twitter.com/BenLawsky/status/486962799784914944
https://twitter.com/BenLawsky/status/486962799784914944
Ermahgerd
July 09, 2014, 03:47:28 PM
I'm pretty sure we're going down again within a day or two max. I wish it weren't so, but the market sentiment seems to be dropping again and I'm getting strong vibes here.
July 09, 2014, 03:45:23 PM
Quote from: Ben Lawsky
DFS making good progress on virtual currency regs. Sorry for running slightly behind. Should have proposal out in next week or 2.
https://twitter.com/BenLawsky/status/486962799784914944
https://twitter.com/BenLawsky/status/486962799784914944
July 09, 2014, 03:43:39 PM
Manipulator on bitstamp is trying to create panic sells near the trend line by putting up huge sell walls. Good thing is its not working. I hope a whale comes along and takes his damn coins from him. You can tell it is mostly one person because he keeps shifting his asks around, as seen on bitcoinity.
I agree. I'am also watching Bitcoinity. It seems that the ask walls shrink as soon as someone buys something. So it appears he doesn't really want to part with those coins
But it is clearly a positive sign that he doesn't just dump in order to bring the price down. At this point he prefers to achieve his goals by manipulation. That is my interpretation. So many games being played. Not only do we have to guess whales intentions we also have to guess if he will be successful in his manipulation attempts July 09, 2014, 03:36:55 PM
That bitstamp bot asks have finally moved down to near current price.. (From something like $680 a few days ago)
Hope to see it get eaten.
Hope to see it get eaten.
July 09, 2014, 03:36:02 PM
Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price?
Sorry, how would that work again? How do you go long on leverage without buying?
July 09, 2014, 03:27:38 PM
a few hours ago we were over 625 for a moment on Stamp. Then we had 150 coins to 625. Then 300. Now 762. For a low volume day, the selling pressure is increasing considerably...
Yes, it is starting to look a bit difficult. But traders at Finex don't care if China doesn't follow or if things start to look difficult on Stamp. They just buy more
The amount of longs really is quite large on BitFinex at 30.5 million now. At these levels it seems like someone could create a flash crash with a small push that would feed upon itself as margins get called. It has happened before on BitFinex.
Total Speculation: So how could this amount of leverage happen? Let's say a whale was ready to move in with 20-50 million... clearly this would bring us to a new price level. Would it be illegal manipulation for that whale to first leverage long, knowing he will soon buy it up to a higher price? Or how about tempting leverage harvesters to attempt to flash crash, but also keeping a hidden bid of USD on BitFinex so he can sweep in and purchase the BTC at the flash-crash price.
That sounds scary and not totally unlikely.
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