Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26962.

N12

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Activity: 1610

Merit: 1010

Quote from: bitrider on June 29, 2014, 09:36:17 PM

Quote from: windjc on June 29, 2014, 09:28:33 PM

Quote from: ShroomsKit on June 29, 2014, 09:21:40 PM

"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m"

42 bidders. So it looks like the bids were extremely low. Am i saying this right?

Not sure how people keep getting this wrong

Easy. Fear clouds the mind.

That particular 28 million example is the fault of a CoinDesk writer who either didn't understand this or is purposefully being misleading: http://www.coindesk.com/barry-silbert-data-secondmarket-us-marshal-auction-syndicate

bitrider

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Activity: 233

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Quote from: windjc on June 29, 2014, 09:28:33 PM

Quote from: ShroomsKit on June 29, 2014, 09:21:40 PM

"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m"

42 bidders. So it looks like the bids were extremely low. Am i saying this right?

Not sure how people keep getting this wrong

Easy. Fear clouds the mind.

N12

donator

Activity: 1610

Merit: 1010

A big move is certainly coming up sometime soon-ish given the coiling we are experiencing.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ShroomsKit on June 29, 2014, 09:21:40 PM

"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m"

42 bidders. So it looks like the bids were extremely low. Am i saying this right?

Not sure how people keep getting this wrong, but all Silbert has told us is that 42 parties put in over 130 total bids worth 48k BTC.

Nothing else is known with the math and figures Silbert gave.

windjc

legendary

Activity: 2156

Merit: 1070

The Daily MACD on Stamp is headed towards green. The weekly is already there. We have been consolidating just below 600 awaiting the results of the auction. Any bid price close to 590-600 or above will send this market to $650 at least.

Lift off impending.

ShroomsKit

hero member

Activity: 672

Merit: 500

"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m"

42 bidders. So it looks like the bids were extremely low. Am i saying this right?

N12

donator

Activity: 1610

Merit: 1010

Quote from: ShroomsKit on June 29, 2014, 09:11:56 PM

Quote from: seleme on June 29, 2014, 09:06:30 PM

Quote from: N12 on June 29, 2014, 07:14:17 PM

Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.

Shroomskit, is that you? Grin

Nah, just a troll.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: seleme on June 29, 2014, 09:06:30 PM

Quote from: N12 on June 29, 2014, 07:14:17 PM

Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.

Shroomskit, is that you? Grin

Nah, just a troll.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: kireinaha on June 29, 2014, 08:58:29 PM

Quote from: ShroomsKit on June 29, 2014, 08:52:39 PM

Quote from: kireinaha on June 29, 2014, 08:30:00 PM

Quote from: ShroomsKit on June 29, 2014, 08:02:14 PM

Quote from: kireinaha on June 29, 2014, 07:38:02 PM

It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.

You seriously think a "government" is busy putting up walls of 500 bitcoins?
Not really, right?

Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed.

And the best way to do this is by putting up 500 Bitcoin walls at 600.
This really sounds plausible to you? This is something a government would do to stop Bitcoin? You really, truly believe that.
Sorry for all the questions but i just can't believe you're not joking.

We already know that they tried banning it, and then banning it again, and then banning it another five times when the first two attempts didn't work (China) so I don't see why governments wouldn't also pursue more straight forward strategies to suppress it with large ask walls on the major exchanges.

edit: Lest we be naive, government spokesmen on an individual basis may get before the cameras and tell us that they support bitcoin, because they don't want to look unhip or behind the technology curve to their constituents, but on a collective basis, world governments absolutely do not want bitcoin to succeed.

And the best way the goverment (whatever that might be) can get rid of Bitcoin is to buy a few coins and put up small sell walls.
Ok, it's clear you are serious and i kinda feel sorry for you. I can only imagine the other things you come up with in your life and believe in.

Oh and the governments don't want to look unhip so in front of the cameras they accept Bitcoin.
My god...

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: N12 on June 29, 2014, 07:14:17 PM

Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.

Shroomskit, is that you? Grin

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: ShameOnYou on June 29, 2014, 08:52:00 PM

This a fakeout then? Looking kind of like a weak double top on Huobi. It's actually a slightly higher high with bear divergence on RSI.... not convinced where going up here. Maybe regroup in the $580s....

Lol. You are going to be left behind. We will be at 650 this week. Keep telling yourself you can buy back you 1.3 BTC for a lower price. Grin

kodtycoon

legendary

Activity: 1568

Merit: 1002

id love to meet who ever has that wall up coz id smack em up side the head with a cricket bat! Cheesy

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

kireinaha

sr. member

Activity: 350

Merit: 253

Quote from: ShroomsKit on June 29, 2014, 08:52:39 PM

Quote from: kireinaha on June 29, 2014, 08:30:00 PM

Quote from: ShroomsKit on June 29, 2014, 08:02:14 PM

Quote from: kireinaha on June 29, 2014, 07:38:02 PM

It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.

You seriously think a "government" is busy putting up walls of 500 bitcoins?
Not really, right?

Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed.

And the best way to do this is by putting up 500 Bitcoin walls at 600.
This really sounds plausible to you? This is something a government would do to stop Bitcoin? You really, truly believe that.
Sorry for all the questions but i just can't believe you're not joking.

We already know that they tried banning it, and then banning it again, and then banning it another five times when the first two attempts didn't work (China) so I don't see why governments wouldn't also pursue more straight forward strategies to suppress it with large ask walls on the major exchanges.

edit: Lest we be naive, government spokesmen on an individual basis may get before the cameras and tell us that they support bitcoin, because they don't want to look unhip or behind the technology curve to their constituents, but on a collective basis, world governments absolutely do not want bitcoin to succeed.

mooncake

sr. member

Activity: 434

Merit: 250

Instead of a number, can the auction bid price submitted to USMS be: Last price at Stamp on 30 June 2014 00:00 GMT?

hyphymikey

hero member

Activity: 784

Merit: 1000

Move out the way Wall-tard!

ShameOnYou

full member

Activity: 238

Merit: 100

If we do reverse back down soon, that wall at $600 will turn out to have been very well placed. It's been there for like a day now and is almost a third eaten.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: kireinaha on June 29, 2014, 08:30:00 PM

Quote from: ShroomsKit on June 29, 2014, 08:02:14 PM

Quote from: kireinaha on June 29, 2014, 07:38:02 PM

It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.

You seriously think a "government" is busy putting up walls of 500 bitcoins?
Not really, right?

Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed.

And the best way to do this is by putting up 500 Bitcoin walls at 600.
This really sounds plausible to you? This is something a government would do to stop Bitcoin? You really, truly believe that.
Sorry for all the questions but i just can't believe you're not joking.

ShameOnYou

full member

Activity: 238

Merit: 100

This a fakeout then? Looking kind of like a weak double top on Huobi. It's actually a slightly higher high with bear divergence on RSI.... not convinced where going up here. Maybe regroup in the $580s....

Bitcoin_is_here_to_stay

full member

Activity: 336

Merit: 100

Quote from: Newbie1022 on June 29, 2014, 08:20:46 PM

I don't know if it could be this, but it would be pretty devious and would generally be a good omen for us. Perhaps, the person putting up the sell wall knows the auction price. Now, you may be thinking, well that means he is selling because the price is down. Perhaps. BUT, maybe he is actually trying to buy in front of the sell wall faster than he is trying to get purchased up. He might know that less steady hands will panic with the price stuck in place and so they'll undercut that price just slightly. Well, that gives a fine supply right in front of the wall of coins to purchase. This might also explain why the wall is able to "replenish itself." It is the same coins that were bought up at 598 that are now being sold at right around 599.9.

It's a thought. If that's what they are doing... pretty f---ing smart.

Do we have some kind of contest for weirdest conspiration theories about the btc price around auction with entries being posted in the Wall Observer thread?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26962. (Read 26708098 times)