Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29052.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: explorer on March 03, 2014, 02:15:48 PM

What is the best candle chart out there right now aside from BitcoinWisdom (which won't load for me these days)?
bitcoinity is frustrating the hell out of me.

When Wisdom is down, I have to depend on TradingView, which has its shortcomings. Bitcoinity is unbearable and does nothing for me.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: darklight on March 03, 2014, 02:13:15 PM

Quote from: kkaspar on March 03, 2014, 02:06:57 PM

Quote from: darklight on March 03, 2014, 01:59:55 PM

Quote from: seleme on March 03, 2014, 01:52:08 PM

Quote from: ShroomsKit on March 03, 2014, 01:49:31 PM

Quote from: seleme on March 03, 2014, 01:24:41 PM

Quote from: darklight on March 03, 2014, 01:22:35 PM

Coincidence that this all happens on the weekend rpietila is having his mansion party?

I said it hours ago, he posted on his thread and sounded very, very cocky. I'm pretty sure it's his group doing this.

You give this guy waaaay too much credit.

Uh, I don't like him, there's no many people who called him names more than I did. To be honest I think he is twat, one of those I can't stand. But I do think he managed to incorporate himself in the group of some wealthy Bitcoiners like Goat and company, and they are very able to move the market.

The whole thing was orchestrated in a way that shows whoever did it understands the market pretty well. They know people are wary of fake bid walls, so they made sure their walls got eaten. They know people expect these brief pumps to be short lived, so they've made sure a new wall appears every few hours. They know people don't want to get left behind, so they were keeping their walls low enough that bids would pile in front of them, but moving them up when things were slowing down. By the time the third wall showed up it hardly had to do anything. They also know a lot of people are (or were) shorting, many of whom have probably been squeezed out. Probably the most telling thing is that no bigger whales came along to take a dump on the buildup, which would imply that the people capable of doing so weren't inclined to take what would have been a lot of profit. Why do think this might be, unless many of them are working together on this?

They've got things right where they want it now. Lots of people who were bearish will have bought back in, and everyone is scared to dump in case another wall comes along in a few hours.

But this is all just speculation right? Tongue

This buy in would have been more profitable if it would be spread out in a week or two. Whoever did/is doing this buying, doesn't care much. It seems that a certain number was agreed upon and now the plan just needs some quick filling. There were several pumps like these during the China boom. Without these pumps, BTC is no fun..

Yes its plausible, but I'm still not so sure. I don't think they wanted it to be optimally profitable necessarily, just very public. It seems like a PR exercise right after weeks of bad news. Assuming the whales already have some BTC, they will be watching the bear market carrying on with no end in sight. By doing this they haven't got the best price for their new BTC, but they have raised the price of their existing coins by a fair bit. If someone had that much to spend on BTC as a private investor, surely there are better channels for doing so than on a public exchange

I thought the same thing myself at first, that maybe someone is just trying to stimulate the market and to raise the price to demonstrate that MtGox hasn't damaged BTC and all is well. But a slower rise would have made a lot more sense when you want to promote the strength of bitcoin. Quick rises like that are unstable and raise suspicion on market manipulation, so that wouldn't be a good PR trick. There is a chance that this "PR trick" was orchestrated by one of the "bitcoin millionaires" who isn't very smart in the general sense. But I'm leaning more towards some outside investor group doing a little gambling with copying Fortress.

dreamspark

hero member

Activity: 798

Merit: 1000

Some very naughty candle porn after the last few hours events Grin

empowering

legendary

Activity: 1078

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TERA

hero member

Activity: 728

Merit: 500

My calculations were messed up because of the differences of bitstamp and huobi. huobi perfectly met the 3 day ema as resistance as i had projected but bitstamp went way above its 3 day ema.

Patel

legendary

Activity: 1320

Merit: 1007

Quote from: fonzie on March 03, 2014, 02:16:46 PM

Bitstamp >60$ above Huobi , lolol
This is about to crash hard.

fonzie, your time is up, time to hibernate until after the next bubble when we capitulate again

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

china is asleep, you dumb fuck

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Bitstamp >60$ above Huobi , lolol
This is about to crash hard.

hdbuck

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Activity: 1260

Merit: 1002

Quote from: darklight on March 03, 2014, 02:13:15 PM

Quote from: kkaspar on March 03, 2014, 02:06:57 PM

Quote from: darklight on March 03, 2014, 01:59:55 PM

Quote from: seleme on March 03, 2014, 01:52:08 PM

Quote from: ShroomsKit on March 03, 2014, 01:49:31 PM

Quote from: seleme on March 03, 2014, 01:24:41 PM

Quote from: darklight on March 03, 2014, 01:22:35 PM

Coincidence that this all happens on the weekend rpietila is having his mansion party?

I said it hours ago, he posted on his thread and sounded very, very cocky. I'm pretty sure it's his group doing this.

You give this guy waaaay too much credit.

Uh, I don't like him, there's no many people who called him names more than I did. To be honest I think he is twat, one of those I can't stand. But I do think he managed to incorporate himself in the group of some wealthy Bitcoiners like Goat and company, and they are very able to move the market.

The whole thing was orchestrated in a way that shows whoever did it understands the market pretty well. They know people are wary of fake bid walls, so they made sure their walls got eaten. They know people expect these brief pumps to be short lived, so they've made sure a new wall appears every few hours. They know people don't want to get left behind, so they were keeping their walls low enough that bids would pile in front of them, but moving them up when things were slowing down. By the time the third wall showed up it hardly had to do anything. They also know a lot of people are (or were) shorting, many of whom have probably been squeezed out. Probably the most telling thing is that no bigger whales came along to take a dump on the buildup, which would imply that the people capable of doing so weren't inclined to take what would have been a lot of profit. Why do think this might be, unless many of them are working together on this?

They've got things right where they want it now. Lots of people who were bearish will have bought back in, and everyone is scared to dump in case another wall comes along in a few hours.

But this is all just speculation right? Tongue

This buy in would have been more profitable if it would be spread out in a week or two. Whoever did/is doing this buying, doesn't care much. It seems that a certain number was agreed upon and now the plan just needs some quick filling. There were several pumps like these during the China boom. Without these pumps, BTC is no fun..

Yes its plausible, but I'm still not so sure. I don't think they wanted it to be optimally profitable necessarily, just very public. Assuming the whales already have some BTC, they will be watching the bear market carrying on with no end in sight. By doing this they haven't got the best price for their new BTC, but they have raised the price of their existing coins by a fair bit. If someone had that much to spend on BTC as a private investor, surely there are better channels for doing so than on a public exchange

imo its not a "new" investor but a early adopter that just wanted to mess around with the market. i guess they sometime enjoy their "god" status over Bitcoin and screw with us even more.

edit: new investors with that amount of cash would find other ways to step in.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: PoolMinor on March 03, 2014, 02:15:36 PM

Quote from: hdbuck on March 03, 2014, 02:12:19 PM

Quote from: PoolMinor on March 03, 2014, 02:10:53 PM

Quote from: Dragonkiller on March 03, 2014, 02:04:41 PM

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... Roll Eyes

Quote

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

stocks arent means of exchanges. you dont pretend to buy your beer with stocks...

He is trying to say that the exchange of a BTC should not be traded against the dollar because the dollar fluctuates. Yet it is OK to invest that paper into a stock instead?

Some of his biggest holdings are in AmEx, Mastercard etc. Take what he says (about anything) with a grain of salt.

explorer

legendary

Activity: 2016

Merit: 1259

What is the best candle chart out there right now aside from BitcoinWisdom (which won't load for me these days)?
bitcoinity is frustrating the hell out of me.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: hdbuck on March 03, 2014, 02:12:19 PM

Quote from: PoolMinor on March 03, 2014, 02:10:53 PM

Quote from: Dragonkiller on March 03, 2014, 02:04:41 PM

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... Roll Eyes

Quote

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

stocks arent means of exchanges. you dont pretend to buy your beer with stocks...

He is trying to say that the exchange of a BTC should not be traded against the dollar because the dollar fluctuates. Yet it is OK to invest that paper into a stock instead?

Edit:
From article.
“American businesses are going to be worth more money. Dollars will be worth less, so that money won’t buy you quite as much, but you’ll be much better off owning productive assets over the next 50 years than you will be holding pieces of paper..."

Don't hold paper he says.

tarmi

legendary

Activity: 1232

Merit: 1011

correction incoming.

darklight

member

Activity: 88

Merit: 10

Quote from: kkaspar on March 03, 2014, 02:06:57 PM

Quote from: darklight on March 03, 2014, 01:59:55 PM

Quote from: seleme on March 03, 2014, 01:52:08 PM

Quote from: ShroomsKit on March 03, 2014, 01:49:31 PM

Quote from: seleme on March 03, 2014, 01:24:41 PM

Quote from: darklight on March 03, 2014, 01:22:35 PM

Coincidence that this all happens on the weekend rpietila is having his mansion party?

I said it hours ago, he posted on his thread and sounded very, very cocky. I'm pretty sure it's his group doing this.

You give this guy waaaay too much credit.

Uh, I don't like him, there's no many people who called him names more than I did. To be honest I think he is twat, one of those I can't stand. But I do think he managed to incorporate himself in the group of some wealthy Bitcoiners like Goat and company, and they are very able to move the market.

The whole thing was orchestrated in a way that shows whoever did it understands the market pretty well. They know people are wary of fake bid walls, so they made sure their walls got eaten. They know people expect these brief pumps to be short lived, so they've made sure a new wall appears every few hours. They know people don't want to get left behind, so they were keeping their walls low enough that bids would pile in front of them, but moving them up when things were slowing down. By the time the third wall showed up it hardly had to do anything. They also know a lot of people are (or were) shorting, many of whom have probably been squeezed out. Probably the most telling thing is that no bigger whales came along to take a dump on the buildup, which would imply that the people capable of doing so weren't inclined to take what would have been a lot of profit. Why do think this might be, unless many of them are working together on this?

They've got things right where they want it now. Lots of people who were bearish will have bought back in, and everyone is scared to dump in case another wall comes along in a few hours.

But this is all just speculation right? Tongue

This buy in would have been more profitable if it would be spread out in a week or two. Whoever did/is doing this buying, doesn't care much. It seems that a certain number was agreed upon and now the plan just needs some quick filling. There were several pumps like these during the China boom. Without these pumps, BTC is no fun..

Yes its plausible, but I'm still not so sure. I don't think they wanted it to be optimally profitable necessarily, just very public. It seems like a PR exercise right after weeks of bad news. Assuming the whales already have some BTC, they will be watching the bear market carrying on with no end in sight. By doing this they haven't got the best price for their new BTC, but they have raised the price of their existing coins by a fair bit. If someone had that much to spend on BTC as a private investor, surely there are better channels for doing so than on a public exchange

empowering

legendary

Activity: 1078

Merit: 1441

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: PoolMinor on March 03, 2014, 02:10:53 PM

Quote from: Dragonkiller on March 03, 2014, 02:04:41 PM

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... Roll Eyes

Quote

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

stocks arent means of exchanges. you dont pretend to buy your beer with stocks...

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Huobi way behind, would be great to have some fiat there.

PoolMinor

legendary

Activity: 1844

Merit: 1338

XXXVII Fnord is toast without bread

Quote from: Dragonkiller on March 03, 2014, 02:04:41 PM

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... Roll Eyes

Quote

Buffet went on to point out that bitcoin is being priced off the dollar and that it is simply not a durable means of exchange.

How do they buy stocks, are they not priced "off the dollar"?

rocks

legendary

Activity: 1153

Merit: 1000

Quote from: fotosonics on March 03, 2014, 01:46:23 PM

I think what we are seeing is the result of massive buildup over the anomalous repeated FUD over such a long period, plus the recent UK decision not to tax bitcoin. Lots of wealth in the UK. Lots.

The UK is still going to tax bitcoin with all the standard gains, and income rules.

They are just not going to layer an additional 20% VAT on top of all bitcoin transactions, which would have effectively outlawed bitcoin in the UK.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: Dragonkiller on March 03, 2014, 02:04:41 PM

Quote from: kkaspar on March 03, 2014, 02:03:03 PM

Quote from: seleme on March 03, 2014, 01:50:42 PM

Quote from: kkaspar on March 03, 2014, 01:49:07 PM

Seems like "the entity" has slowed down it's trading. I think that there is a certain number that the price has to reach so "the entity" will start buying again. The number is probably around the start of 600.
I think that we will see one or two more pumps that go quickly from 600-700. But then back to the good old bear market with low volume

What makes me uneasy, is that stamp seems to get DDoSed. Wouldn't be fun to be a bagholder with the price plummeting 100$ in a minute.

Not sure if entity will buy again but there was 2-3 hours of pause between all their buys earlier today.

I hope he/they will come back. If there would be more pumps like this, then I would return to be bullish, with leaving money in BTC during sleep and maybe even post a train picture. Sadly, I think that this was just a fluke. Someone with access to more serious money that got interested after hearing about Fortress investment and Buffet speculating a 10-20year lifetime to bitcoin.

Yes, Buffet said some nonsense today and the buyer panicked and put his first wall up yesterday... Roll Eyes

While I agree that it is nonsense that bitcoin can live up to 10-20 years, I still see a boring flat line with low volume when looking at yesterday. There could be different people putting up walls with different goals.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29052. (Read 26623217 times)