Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27601.

spooderman

legendary

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Quote from: magicmexican on May 25, 2014, 03:43:33 PM

Not saying that DRK cant succeed or anything, but all this talk about "a better coin in town" heavily reminds me what dogecoin cultists were saying on the peak of its bubble.

Personally i think its just the new quark. The altcoin hype comes in waves. We've already seen the country-based coin hype (chinacoin, etc), the memecoin hype (doge, catcoin, w/e), some other types like quark, and now its apparently anonymity coins turn to get their pump.

No bitcoin has one serious problem which DRK POTENTIALLY deals with. (I don't know, and would like to know if it actually does): Anonymity. I don't own any but would like to.

I believe heavily in bitcoin, but am also scared of it doing what the internet did: emancipate us, whilst at the same time facilitating surveillance.

Bitcoin should be anonymous, a genuinely anonymous crypto-currency is something that should be got off the ground sooner rather than later, or we end up with something like TOR which is used by far too few people.

Someone called ChrisMC thinks I am a troll. How sad Sad

I am the biggest BTC fan boy, and am the first to say CHOO! I only paraphrase bitcoin FUDers because I believe the best defence against idiocy is humour.

BitAddict

legendary

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Quote from: derpinheimer on May 25, 2014, 03:44:29 PM

http://willyreport.wordpress.com/

Quote

It needs to be recognized that, whether intentional or not (though plausible ignorance only goes so far), Mt. Gox has effectively been abusing Bitcoin to operate a Ponzi scheme for at least a year. The November “bubble” well into the $1000′s – and possibly April’s as well – was driven by hundreds of millions of dollars of fake liquidity pumped into the market out of thin air...

That said, despite everyone’s expectations, it seems unlikely that there will be another huge “bubble”, seeing as they were never “real” in the first place.

Crash to double digits incoming.

Of course... better sell all your bitcoins and wait to one digit Grin

wachtwoord

legendary

Activity: 2324

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Quote from: derpinheimer on May 25, 2014, 03:44:29 PM

http://willyreport.wordpress.com/

Quote

It needs to be recognized that, whether intentional or not (though plausible ignorance only goes so far), Mt. Gox has effectively been abusing Bitcoin to operate a Ponzi scheme for at least a year. The November “bubble” well into the $1000′s – and possibly April’s as well – was driven by hundreds of millions of dollars of fake liquidity pumped into the market out of thin air...

That said, despite everyone’s expectations, it seems unlikely that there will be another huge “bubble”, seeing as they were never “real” in the first place.

Crash to double digits incoming.

Want to buy $90 put options? Tongue

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: derpinheimer on May 25, 2014, 03:44:29 PM

http://willyreport.wordpress.com/

Quote

It needs to be recognized that, whether intentional or not (though plausible ignorance only goes so far), Mt. Gox has effectively been abusing Bitcoin to operate a Ponzi scheme for at least a year. The November “bubble” well into the $1000′s – and possibly April’s as well – was driven by hundreds of millions of dollars of fake liquidity pumped into the market out of thin air...

That said, despite everyone’s expectations, it seems unlikely that there will be another huge “bubble”, seeing as they were never “real” in the first place.

Crash to double digits incoming.

That mistakenly assumes the bitcoin cult will respond rationally to the willy report.

derpinheimer

legendary

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http://willyreport.wordpress.com/

Quote

It needs to be recognized that, whether intentional or not (though plausible ignorance only goes so far), Mt. Gox has effectively been abusing Bitcoin to operate a Ponzi scheme for at least a year. The November “bubble” well into the $1000′s – and possibly April’s as well – was driven by hundreds of millions of dollars of fake liquidity pumped into the market out of thin air...

That said, despite everyone’s expectations, it seems unlikely that there will be another huge “bubble”, seeing as they were never “real” in the first place.

Crash to double digits incoming.

magicmexican

hero member

Activity: 812

Merit: 1000

Not saying that DRK cant succeed or anything, but all this talk about "a better coin in town" heavily reminds me what dogecoin cultists were saying on the peak of its bubble.

Personally i think its just the new quark. The altcoin hype comes in waves. We've already seen the country-based coin hype (chinacoin, etc), the memecoin hype (doge, catcoin, w/e), some other types like quark, and now its apparently anonymity coins turn to get their pump.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: wachtwoord on May 25, 2014, 03:39:39 PM

And the wall got moved back.

No.

It was pulled completely.

It had no affect on the market at all. Perhaps someone testing the water. If the wall was met with a sell off, good sign that the market is ready to retrace. If the wall being pulled was met with 'panic buying', good sign that market can be ramped further. But nothing.

wachtwoord

legendary

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And the wall got moved back.

MatTheCat

hero member

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Quote from: windjc on May 25, 2014, 02:59:26 PM

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

The Wall on Stamp is (was) likely being routed through Bitfinex. Bitfinex is thee ultimate fake wall exchange. Most likely leveraged out it's tits, probably exchange insiders, probably if some whale with a few million to invest wanted to take a bite out of this wall, it would evaporate from under his teeth....and if he were mad enough to make a market order, he would find himself pushing Bitcoin way up past $600.

Whoever put up that wall was looking for a market reaction, and it works...sometimes....certainly, the 1.5K wall at $530 on Stamp influenced my decision to sell at $520, then it was pulled, then there was a small flurry of panic buying, etc etc.

When I used to trade on Bitfinex, I learned to never believe in the Walls, but I should always make a mental note to check Bitfinex whenever I see a large Wall on Stamp.

YogoH

sr. member

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I can't wait for a bubble without MtGox

kurious

legendary

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Quote from: ?? on ??

Quote from: mmitech on May 25, 2014, 09:38:39 AM

at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain. I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

byronbb

legendary

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HODL OR DIE

Nothing else goes into bull mode like bitcoin does. CHOO CHOO.

derpinheimer

legendary

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Quote from: Wandererfromthenorth on May 25, 2014, 03:05:41 PM

Quote from: windjc on May 25, 2014, 02:59:26 PM

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

I think they are just trying to get a more healthy slower uptrend out of this rally (instead of going straight vertical). Which is better. Since we just left the downtrend, some folks are prone to press the sell button. A slower healthier rise attracts more people, leaves more bears trapped, makes everyone think twice about selling to rebuy cheaper.

Someone sacrificing their profits for the greater good? C'mon.

~~Wall just doubled in size to 3k~~ Looks like bitcoinity glitch (surprise surprise)

Wandererfromthenorth

hero member

Activity: 742

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Quote from: windjc on May 25, 2014, 02:59:26 PM

I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

I think they are just trying to get a more healthy slower uptrend out of this rally (instead of going straight vertical). Which is better. Since we just left the downtrend, some folks are prone to press the sell button. A slower healthier rise attracts more people, leaves more bears trapped, makes everyone think twice about selling to rebuy cheaper.

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: Krabby on May 25, 2014, 02:24:44 PM

Quote from: ShroomsKit on May 25, 2014, 02:12:52 PM

Amazing how people instantly panic and sell because someone puts up a wall.

They sell because they think others will sell, it's the meta

Also funny how quickly people panic buy when walls go down

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

galbros

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Quote from: alani123 on May 25, 2014, 02:34:21 PM

But what if this becomes mainstream? I think that if popular news agencies cover this story the general public will start having doubts about the price bitoin has today. Maybe resulting to a nother fall.

I don't think this is too big of a danger. Unless the general public actually has bitcoins to sell, they can't drive the price down. They can not buy, which may result in a downdraft of prices as miners continue to sell their coins, but that is about it.

My thinking is maybe this latest uptick is some front running for the Winklevoss fund.

Good Luck!

windjc

legendary

Activity: 2156

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I guess whoever is trying to suppress the price at the moment doesn't care about being obvious. These walls on Stamp and Finex are the most obvious fake walls I have ever seen.

Is someone hoping their deposit lands in an account before the next leg up?

knightcoin

full member

Activity: 238

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Stand on the shoulders of giants

Quote from: zoinky on May 21, 2014, 02:12:46 PM

Bitcoin still trending at these immature rates? We're due for a paradigm shift Wink

please keep inside the loop Grin

gentlemand

legendary

Activity: 2604

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Welt Am Draht

Quote from: alani123 on May 25, 2014, 02:34:21 PM

Quote from: dreamspark on May 25, 2014, 02:26:43 PM

Quote from: gentlemand on May 25, 2014, 02:21:06 PM

Quote from: alani123 on May 25, 2014, 02:15:19 PM

What do you guys think about the whole "willy" thing? What happens after the revelations?

It's an opinion. A very compelling and well researched opinion. I wouldn't be remotely surprised if it was true but until we have concrete evidence it's still conjecture.

If the full story ever does come out, it's going to feel like ancient history.

One of the things that I think is that potentially it might not change much. Fact is we're already at the point where the lost gox btc has been accepted as lost/hacked/unrecoverable etc. Now if this isn't going on on other exchanges the price we're at today is a 'fair' price. Only time will tell what the market thinks. I'd expect at least an attempted panic retraction but in terms of the price today what does it change?

But what if this becomes mainstream? I think that if popular news agencies cover this story the general public will start having doubts about the price bitoin has today. Maybe resulting to a nother fall.

It hasn't come from the mouth of anyone related to Gox or any mythical hacker or any legal entities. It's one guy's thoughts.

If it inspired a journo to go out and prove that it was the stone cold truth, then we're off to interesting places. The longer it all takes for the truth to emerge, the less potential impact there could be.

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