Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30281. (Read 26709884 times)
January 17, 2014, 06:02:34 AM
January 17, 2014, 06:01:34 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
Wow, fear is setting in. Watch out. Denial might come next.
Personally not selling. I'm just too scared it might fuck me sideways as it did in the past.
I also have a bad feeling about this, I want to sell some coins but the risk is really huge here, at least it was obvious when we crashed last to sub 500, but now I have so many questions and doubts, so I am better off this one...
but everyone is watching. Yes, fear is here big time.
January 17, 2014, 05:57:55 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
Wow, fear is setting in. Watch out. Denial might come next.
Personally not selling. I'm just too scared it might fuck me sideways as it did in the past.
I also have a bad feeling about this, I want to sell some coins but the risk is really huge here, at least it was obvious when we crashed last to sub 500, but now I have so many questions and doubts, so I am better off this one...
January 17, 2014, 05:56:23 AM
Personally not selling. I'm just too scared it might fuck me sideways as it did in the past.
I'm holding too. Do not believe in the big crash and once the price gets back to $840 I'm in plus again. January 17, 2014, 05:55:40 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
Seems that you've failed in trading and now just release your frustration...+1
January 17, 2014, 05:54:39 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
Seems that you've failed in trading and now just release your frustration... January 17, 2014, 05:53:51 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
Wow, fear is setting in. Watch out. Denial might come next.
Personally not selling. I'm just too scared it might fuck me sideways as it did in the past.
January 17, 2014, 05:51:31 AM
A 300 BTC buy on Gox pushes the price 30$ up, awesome. I thinak even cryptsy is harder to pump nowadays. 
And 400 BTC sell returns the price back to $900.
No more support here. This is your last chance to SHOTR
January 17, 2014, 05:50:03 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
A 300 BTC buy on Gox pushes the price 30$ up, awesome. I thinak even cryptsy is harder to pump nowadays.
January 17, 2014, 05:44:44 AM
I'm done watching the charts. It's just ridiculous. I'll check back in a week.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
This shit must scare off so many potential investors. You know, serious people. Right now it's just a playground for a bunch of kids and a few whales who control basically everything. It's just sad to see something great being abused like this.
January 17, 2014, 05:41:18 AM
It seems pretty obvious that someone is cashing out big time on Stamp. Over the last days , each time the bidside got filled someones dumpin between 100-300 coins, due to the help from the bots it´s pretty hidden. They keep fillin the book with tiny buy orders after each dump.Also someone bought 268,xx, coins on Gox and nearly the same amount gets dumped on Stamp within a range of 2 minutes.
Huobi and Gox as "market leaders" are used to keep the price high/steady. I don´t know if thats bullish or bearish :-D
Huobi and Gox as "market leaders" are used to keep the price high/steady. I don´t know if thats bullish or bearish :-D
do you think that someone is moving their cash from gox and cashing out on stamp, BTW when you pointed out that someone bought 268 coin and after "2 minutes" the same amount was dumped on stamp, did you mean that he moved the coins to stamp to dump there ?
you clearly dont know how Bitcoin protocol works, let me explain why I said "2 minutes", so gox have most of the coins on cold storage and when you request a withdrawal, they basicly put your request in queuethen take funds from their cold storage and send them at once to multiple clients (who previously requested withdrawals) so this takes time, usually every 10 minutes or so.
I am not done yet, so your transaction is put in queue before getting in Blockchain, your transaction has priority depending on the paid fee, it can be confirmed in the first block or it can take couple more blocks to get the first confirmation, here comes the bitstamp part, so bitstamp needs minimum 3 confirmations which is circa 30 minute if we take a 10 min average.
conclusion, your prediction is impossible. and seriously try to read more about Bitcoin as a technology, it is more important than checking the price... this is the problem with users today, we have more speculators than people interested in the technology...
Thanks for your briefing, but i´m aware of the technology and the time that it takes to send coins. I just found it a little bit strange that during low volume action such an unusual amount of coins match each other and assumed that it is someone who is keeping bis books in order. What would you do if you have millions of dollars stuck on Gox? Pumping the price on a nearly dead exchange seems to be one possibility to cash out slowly without a huge loss. Even if you get 10% less for your coins it is still better to get 900$ instead of let´s say 400$.
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How about if the person already has the bitcoin on stamp before making his or her buy on gox, then selling the same amount on stamp? That wouldn't rely on any transfer lag...
[/quote]
Thanks, that´s what i wanted to say.
January 17, 2014, 05:39:55 AM
It seems pretty obvious that someone is cashing out big time on Stamp. Over the last days , each time the bidside got filled someones dumpin between 100-300 coins, due to the help from the bots it´s pretty hidden. They keep fillin the book with tiny buy orders after each dump.Also someone bought 268,xx, coins on Gox and nearly the same amount gets dumped on Stamp within a range of 2 minutes.
Huobi and Gox as "market leaders" are used to keep the price high/steady. I don´t know if thats bullish or bearish :-D
Huobi and Gox as "market leaders" are used to keep the price high/steady. I don´t know if thats bullish or bearish :-D
do you think that someone is moving their cash from gox and cashing out on stamp, BTW when you pointed out that someone bought 268 coin and after "2 minutes" the same amount was dumped on stamp, did you mean that he moved the coins to stamp to dump there ?
you clearly dont know how Bitcoin protocol works, let me explain why I said "2 minutes", so gox have most of the coins on cold storage and when you request a withdrawal, they basicly put your request in queuethen take funds from their cold storage and send them at once to multiple clients (who previously requested withdrawals) so this takes time, usually every 10 minutes or so.
I am not done yet, so your transaction is put in queue before getting in Blockchain, your transaction has priority depending on the paid fee, it can be confirmed in the first block or it can take couple more blocks to get the first confirmation, here comes the bitstamp part, so bitstamp needs minimum 3 confirmations which is circa 30 minute if we take a 10 min average.
conclusion, your prediction is impossible. and seriously try to read more about Bitcoin as a technology, it is more important than checking the price... this is the problem with users today, we have more speculators than people interested in the technology...
How about if the person already has the bitcoin on stamp before making his or her buy on gox, then selling the same amount on stamp? That wouldn't rely on any transfer lag...
January 17, 2014, 05:29:34 AM
It looks like a giant bubble to me.
January 17, 2014, 05:29:28 AM
http://news.slashdot.org/story/14/01/17/0326217/us-government-to-convert-silk-road-bitcoins-to-usd
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
Unfortunately they aren't stupid. They won't sell them all on a single day. My guess is 2600 lots of 10 btc sold over 2 months.
If a big lot will be very useful to find out whether the whales are paying over or under the odds. Given the publicity around this and the relatively small number ($22 mill) I will lean towards over. It would not be a good look if these went for $12 million if the current market price holds.
Different story with 126k coins because that is starting to be real money.
The fact that they are releasing this information progressively is stopping the panic selling, and suggests some degree of responsibility.
January 17, 2014, 05:26:10 AM
Here is an obscenely bullish desktop wallpaper (for usage as pr0n substitute), concentrating at this multiple times a day for 2 minutes each time will release endorphins and convert every bear into a bull after long enough exposure. I have made it 1024*768 for old laptops, I can make higher resolutions too. 
This graph is only bullish until you realize that it has to drop to far below the trend line soon for the trend line to be valid. So, this chart is actually bearish in the short/medium term. I will update my more bullish graph (found other places on this forum) when January has passed.
+1 Finally someone who doesn't only posts log linear trends, but also gets how they work
January 17, 2014, 05:15:41 AM
http://news.slashdot.org/story/14/01/17/0326217/us-government-to-convert-silk-road-bitcoins-to-usd
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
Unfortunately they aren't stupid. They won't sell them all on a single day. My guess is 2600 lots of 10 btc sold over 2 months.
If a big lot will be very useful to find out whether the whales are paying over or under the odds. Given the publicity around this and the relatively small number ($22 mill) I will lean towards over. It would not be a good look if these went for $12 million if the current market price holds.
Different story with 126k coins because that is starting to be real money.
January 17, 2014, 05:14:24 AM
http://news.slashdot.org/story/14/01/17/0326217/us-government-to-convert-silk-road-bitcoins-to-usd
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
If it is to be auctioned, which I think is the most likely outcome, the size of the lot will be the most significant factor. 1 chunk of 30K BTC or many smaller chunks?
January 17, 2014, 05:02:56 AM
January 17, 2014, 05:01:23 AM
http://news.slashdot.org/story/14/01/17/0326217/us-government-to-convert-silk-road-bitcoins-to-usd
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
Interested to know how they gonna do this. I'd very like to buy cheap coins from the US Gov
January 17, 2014, 04:47:16 AM
Realy, it sucks. Strong resistance upwards. Strong support downwards, resulting in tiny movements.
Finally the stability bitcoin needs to be used as a currency.
A realy tiny little currency with this capitalization.
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