Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31057.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: rpietila on December 07, 2013, 09:37:06 AM

Quote from: CryptStorm on December 07, 2013, 09:29:58 AM

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

800 is now resistance. See the rest of my updated ramblings starting here.

Noted, commented upon, and much appreciated.

Ashitank

hero member

Activity: 560

Merit: 500

http://lamborghininewportbeach.blogspot.ro/2013/12/we-just-sold-our-very-first-vehicle.html#comment-form accepting bitcoin as payment system.

Does this mean any thing.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: Richy_T on December 07, 2013, 09:45:13 AM

Quote from: Vigil on December 07, 2013, 02:40:56 AM

The only way you gain bitcoins is to sell.

Sheer nonsense.

If you hold your Bitcoins you cannot gain any - at least with the current increase from the coins you have. Because you always end up with the same amount that you bought. That is common sense.

tarmi

legendary

Activity: 1232

Merit: 1011

we went through 600 and 700 support on stamp like a hot knife through butter.

also dont forget that 1k buy @ 680. the one who bought is dumping those @ 800.

I give it a day, and we will revisit 400. no way we can stay at this levels till monday. if we do, that will be mother of all bull traps.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: gizmoh on December 07, 2013, 09:37:50 AM

Quote from: CryptStorm on December 07, 2013, 09:29:58 AM

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

Its amazing to see how walls pop up in a 'manipulative harmony' to try and get support. And pulled when they start to get eaten( like the wall at 780.1 being pulled back from 810)

It is so amazing that there are actually buttons called "Limit Order". Walls come in the desired places just by clicking them. I've been so excited after finding this feature... Cool

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Vigil on December 07, 2013, 02:40:56 AM

The only way you gain bitcoins is to sell.

Sheer nonsense.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Vigil on December 07, 2013, 09:42:27 AM

Quote from: wachtwoord on December 07, 2013, 09:38:21 AM

Quote from: Vigil on December 07, 2013, 09:35:27 AM

Quote from: gizmoh on December 07, 2013, 09:09:26 AM

Quote from: Vigil on December 07, 2013, 09:00:54 AM

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.

It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.

No it's manipulation of the price at one or more of the automated Bitcoin exchanges. If you don't like that price and want to buy or sell look for someone to barter with

Being able to manipulate certain aspects of third parties is something completely different from manipulating Bitcoin. Confusing the two is as retarded as saying Bitcoin was hacked because inputs.io was hacked.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: wachtwoord on December 07, 2013, 09:38:21 AM

Quote from: Vigil on December 07, 2013, 09:35:27 AM

Quote from: gizmoh on December 07, 2013, 09:09:26 AM

Quote from: Vigil on December 07, 2013, 09:00:54 AM

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.

It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: Vigil on December 07, 2013, 09:35:27 AM

Quote from: gizmoh on December 07, 2013, 09:09:26 AM

Quote from: Vigil on December 07, 2013, 09:00:54 AM

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

Of course not. No-one can manipulate Bitcoin beyond hashing power influence. If retards buy and sell at retarded prices this is not Bitcoin manipulation.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: CryptStorm on December 07, 2013, 09:29:58 AM

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

Its amazing to see how walls pop up in a 'manipulative harmony' to try and get support. And pulled when they start to get eaten( like the wall at 780.1 being pulled back from 810)

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: CryptStorm on December 07, 2013, 09:29:58 AM

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

800 is now resistance. See the rest of my updated ramblings starting here.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: gizmoh on December 07, 2013, 09:09:26 AM

Quote from: Vigil on December 07, 2013, 09:00:54 AM

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Wait until the press gets a hold of that Story: "Today we talk to the man who manipulated the entire Bitcoin market." Won't be good PR for "the currency that no one can control or manipulate". They need to put some restrictions on bot trading at the exchanges.

CryptStorm

full member

Activity: 126

Merit: 100

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

edit 2: Actually, yeah, look at the 1000 coin buy at 800 (one hour ago), it pushes the bar up, and then walls close in, and guess what will happen next? I'm thinking walls pulled, and market sell of those 1000. Just thinking aloud. Anyone? Bueller?

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Jamievs on December 07, 2013, 09:16:45 AM

Quote from: rpietila on December 07, 2013, 09:12:41 AM

Quote from: Jamievs on December 07, 2013, 09:09:14 AM

Quote from: Vigil on December 07, 2013, 09:05:24 AM

Quote from: macsga on December 07, 2013, 09:02:59 AM

Awww DAT VOLUME!!!

Quote

Market            Last         Volume (24h)
btcnCNY         5100.0000      148,000.46
btceUSD         803.0000      120,454.28
mtgoxUSD      850.0000      115,416.47
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp Grin

Why would they just not read this forum Wink

Imagine the money the exchanges are making now.. a minimum of 0.4% (0.2% for the buyer and 0.2% for the seller) of that volume on bitstamp. Damn..

500 BTC profit... and we're killing ourselves to make 1, 2 or 5 Sad

gandhibt

full member

Activity: 238

Merit: 100

Quote from: Jamievs on December 07, 2013, 09:16:45 AM

Quote from: rpietila on December 07, 2013, 09:12:41 AM

Quote from: Jamievs on December 07, 2013, 09:09:14 AM

Quote from: Vigil on December 07, 2013, 09:05:24 AM

Quote from: macsga on December 07, 2013, 09:02:59 AM

Awww DAT VOLUME!!!

Quote

Market            Last         Volume (24h)
btcnCNY         5100.0000      148,000.46
btceUSD         803.0000      120,454.28
mtgoxUSD      850.0000      115,416.47
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp Grin

Why would they just not read this forum Wink

Imagine the money the exchanges are making now.. a minimum of 0.4% (0.2% for the buyer and 0.2% for the seller) of that volume on bitstamp. Damn..

gox is taking avg of maybe 1%, that's just outrageous and people are paying...

Jamievs

sr. member

Activity: 266

Merit: 250

Quote from: rpietila on December 07, 2013, 09:12:41 AM

Quote from: Jamievs on December 07, 2013, 09:09:14 AM

Quote from: Vigil on December 07, 2013, 09:05:24 AM

Quote from: macsga on December 07, 2013, 09:02:59 AM

Awww DAT VOLUME!!!

Quote

Market            Last         Volume (24h)
btcnCNY         5100.0000      148,000.46
btceUSD         803.0000      120,454.28
mtgoxUSD      850.0000      115,416.47
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp Grin

Why would they just not read this forum Wink

Imagine the money the exchanges are making now.. a minimum of 0.4% (0.2% for the buyer and 0.2% for the seller) of that volume on bitstamp. Damn..

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: Kouye on December 07, 2013, 09:09:59 AM

Quote from: gizmoh on December 07, 2013, 09:09:26 AM

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

Gox is not the only one...

https://bitcointalksearch.org/topic/m.3859196

Actually, between this excellent point and the fact that come 'crunch time', the trading infrastructure consistently fails, day trading is loaded VERY heavily against everyone but the exchanges (broker-dealer or market makers, I care not, but, likely, front runners) and the manipulators.

I, for one, am changing my strategy as I white knuckle through the rest of this mega wave. I'll be looking for cheap and slow buys come spring. Cheers!

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Jamievs on December 07, 2013, 09:09:14 AM

Quote from: Vigil on December 07, 2013, 09:05:24 AM

Quote from: macsga on December 07, 2013, 09:02:59 AM

Awww DAT VOLUME!!!

Quote

Market            Last         Volume (24h)
btcnCNY         5100.0000      148,000.46
btceUSD         803.0000      120,454.28
mtgoxUSD      850.0000      115,416.47
bitstampUSD   788.3700      102,612.91

Wow! Not even 1 Million coins.

Woah.. I guess a lot of that volume is just the same couple of K coins switching hands though.

My share of the world's trading volume: 0.53%.

No wonder they want to conduct an additional KYC check in Bitstamp Grin

Why would they just not read this forum Wink

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: gizmoh on December 07, 2013, 09:09:26 AM

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

Gox is not the only one...

https://bitcointalksearch.org/topic/m.3859196

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: Vigil on December 07, 2013, 09:00:54 AM

Gox is under the manipulation of a Great Whale. Has been since we exited the $900 high at the beginning.

Same observation, especially as there were big walls being bought in the 600-700 region.
Now he is buying up quickly and putting walls to try sustain the price, let the bids pop up then unload, rinse and repeat.

I ain't buying that quick recovery as we are still in a downward channel.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31057. (Read 26486275 times)