Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27089.

MatTheCat

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Quote from: ?? on ??

There has been a lot of shrewd, sophisticated and patient acquisition over the last few days. This, for Bitcoin, is highly irregular. Cool

Really? And there was me thinking that the market was simply being swished around on low volume in order to flush out weak shorts and longs alternately?

If their has been a lot of shrewd and patient acquisition, then where is the volume? I don't see any? My own trading accounts surely for over 150 BTC this week, I have enough funds on exchanges to own just 15 BTC, yet I don't own any BTC. So here is an example of 1 little fish who has contributed 150 + BTC of trade volume, yet who doesn't any BTC.

What the market is doing, is hovering right above a very dangerous long term trendline and nobody is very keen on buying, yet there is also a good chance Bitcoin springs up to at least $750, so nobody wants to sell.

bitcoinsrus

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Quote from: anujjain on June 22, 2014, 01:03:22 PM

Quote from: TheJuice on June 22, 2014, 12:53:21 PM

Quote from: keithers on June 22, 2014, 12:24:40 PM

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

Yes, Silkroad coin auction resisting market to move upwards because no one know which price it will sell. It is really annoying.

There will probably be low bids and close to retail bids. If someone really wants it, they might just bid actual price or even above average

anujjain

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Quote from: TheJuice on June 22, 2014, 12:53:21 PM

Quote from: keithers on June 22, 2014, 12:24:40 PM

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

Yes, Silkroad coin auction resisting market to move upwards because no one know which price it will sell. It is really annoying.

ChartBuddy

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TheJuice

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Quote from: keithers on June 22, 2014, 12:24:40 PM

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

once this gov auction ends we should see the rise continue.

nrd525

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Quote from: Krabby on June 21, 2014, 03:04:10 PM

Quick, someone analyze this.

http://www.google.com/trends/explore#q=bitcoin

It's a bit of a paradox. There might be a strong correlation between the search trend and the price, but it seems to breaking these past several months as the price has been higher than the search trends warrant.

keithers

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

We still cant seem to crack $600 consistently. Need to mount some more buy support at $600 and $600+

rpietila

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You are right.

pjviitas

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The longer I fail at trading Bitcoin the more I get the feeling that a lot of my trades are due to boredom.

The old saying "idle hands are the devils playground" comes to mind or possibly a psychosis or two bubbles to the surface during these times of boredom.

In any event, whether one is being lured down the garden trading path by evil forces or whether one sees trends that are not actually there it all ends in the same result...making stupid trades.

I know that they will probably never admit it because it does not fit into their lifestyle but I believe that good traders actually do have one virtue and that is patience.

ChartBuddy

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shmadz

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@theshmadz

Quote from: MatTheCat on June 22, 2014, 11:09:56 AM

Quote from: ShroomsKit on June 22, 2014, 01:39:43 AM

Just 24 hours ago he and the other usual trolls where crying like crazy because i felt the price was being kept down.
I mentioned how these losers are the first to cry about manipulation when the price goes up 10 bucks.
Well, there you go.
They're not even trying to hide their stupidity. Unbelievable.

Market gets manipulated and squeezed in both directions. Which is why they say that the little guy should never try and trade a flat market.

Exchange insider sharks know which way to push the market in order to empty the most fiat into their pockets and if there is basically no trend to speak off, it is much easier for them to do this and the only way they can continue to turn a profit.

love the new sig btw.

MatTheCat

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Quote from: ShroomsKit on June 22, 2014, 01:39:43 AM

Just 24 hours ago he and the other usual trolls where crying like crazy because i felt the price was being kept down.
I mentioned how these losers are the first to cry about manipulation when the price goes up 10 bucks.
Well, there you go.
They're not even trying to hide their stupidity. Unbelievable.

Market gets manipulated and squeezed in both directions. Which is why they say that the little guy should never try and trade a flat market.

Exchange insider sharks know which way to push the market in order to empty the most fiat into their pockets and if there is basically no trend to speak off, it is much easier for them to do this and the only way they can continue to turn a profit.

ChartBuddy

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edwardspitz

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ChartBuddy

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Parazyd

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Space Lord

Quote from: KimNam on June 22, 2014, 08:29:35 AM

Quote from: zimmah on June 22, 2014, 07:42:57 AM

it's getting boring again around here

as well as on the market.

yeah it's boring now
price only bounce arond $590 - $610
hard to make profit in daily trading Sad

Makes you wanna just swing trade, huh?

ChartBuddy

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KimNam

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Quote from: zimmah on June 22, 2014, 07:42:57 AM

it's getting boring again around here

as well as on the market.

yeah it's boring now
price only bounce arond $590 - $610
hard to make profit in daily trading Sad

Richy_T

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Quote from: JorgeStolfi on June 21, 2014, 06:37:06 PM

Quote from: Richy_T on June 21, 2014, 04:58:08 PM

The USMS is a public entity. I hardly see how they could keep the result secret.

That is what it says in their auction announcement FAQ. I suppose that they consider it private information about the bidders. But they give instructions on how to submit FOIA request in the folowing line, although it is not clear whether that will allow the results to be disclosed.

By the way, I must correct an earlier post of mine: the same person CAN submit two or more bids at different prices, using separate bid forms.

They may be able to keep the identities of bidders and winners concealed but "we sold a bunch of confiscated stuff but can't tell anyone how much for" probably won't fly.

ChartBuddy

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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27089. (Read 26710372 times)