Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30551. (Read 26710179 times)

you went through the hassle of signing up to this forum to share the conclusions of your research with us?

A large fraction of all exchange volumes are fake trades -> the big deals are done without exchanges.
The exchange rate was and is heavily manipulated by a few individuals including the exchange operators.

Best example -> GOX crash failsafe: It's just rollbacks all trades for a specific time intervall. Happend every time someone tried to really push the price down.
There is a large amount of fake support to keep the price going up -> more profit for some power holders

Don't believe that bitcoin is played fair and honest. Some will wake up sooner or later from this dream of great wealth without doing anything.

Sure looking like Gox wants to reclaim $900:

Each transaction has a buyer and a seller. Can you tell whether the buyer and/or the seller is always the same?

My guess is that the ping-pong robot posts an offer to sell and immediately buys into it, or vice-versa. These transactions add to ~100 BTC per hour, and a large fraction of MtGox's volume.

Yes all except that 70% of the volume seems to be coming from an exchange that people are saying fakes its numbers. (Is this true or just FUD?)

That (potential) fud aside, if it's genuine, it's still Chinese, and we kinda need to be free of them soon.

Everything else bullish as fuck.

I have already saved myself adam! Thanks! 

ALREADY DID, NOW I'm HODLING.

(But everything looks too perfect - support, charts, trends. I'm seriously worried because of that.  )

hahaha

only one thing will save you from the boom thats about to go off!


BUY SOME F'ing BITCOIN!

What? More bad decisions?

Nice one! Thanks for the mini-report!

800 being munched at Bitstamp.

What's coming???

Its coming.......

I just got some Bitcoin excitement by going to see Toronto's first BTC ATM. It's also the first Canadian-made BTC ATM, made in Ottawa.

Unfortunately it wasn't running. Apparently it was working a couple of nights ago for the grand unveiling but I had something way better to do that night involving good company and good food. Dude said it should be fully operational within 2 weeks.

It was still a little rough, accepting only $5, $10 and $20 bills and was one-way, accepting fiat for bitcoins but not vice-versa. Dude assured me both matters would be rectified.

Like the Robocoin, it will either scan a QR code or print out a newly created paper wallet, but unlike the Robocoin there is no palm scan involved. I wonder how long that will last.

Oddly, dude said the exchange rate is based on Bitstamp, not Virtex. He also said that at the moment the ATM has to be manually loaded with coins until they establish a relationship with an exchange.

Current fees are 5% but dude said they would be reduced as more ATMs are added and as overall volume increases. He stressed that fees were intentionally less that Robocoin and implied active competition.

Still, 5% barely covers the cost of getting fiat over to Bitstamp. Maybe they're large-scale miners with a surplus to be converted to fiat to cover expenses/financing.

Whatever, it was an exciting break from watching the charts obsessively.  

Edit- Here's a picture

https://i.imgur.com/O9MnxYn.jpg

Who's ready for a dump... common I've been eating all day, it was bound to happen,

Yeah, this "Bad Gateway" desperately wants $502 cheap coins I guess...

A server or two are probably down and nginx can't find them!

same here .. lots of 502 ...