Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31589. (Read 26731628 times)
December 02, 2013, 04:28:44 PM
not for long...
December 02, 2013, 04:28:09 PM
Hm, big wall at about 1100...
Someone just bought a few right up to it....
Some fun starting?
December 02, 2013, 04:26:43 PM
Hm, big wall at about 1100...
December 02, 2013, 04:15:53 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
There's no massive insight here. This is just a statement of history because it's happened several times before. Who on this forum is stupid enough to believe btc/usd-rate is not at the mercy of manipulators?
Of course not, you are right. And the exchanges were robust, so old Nostradamus didn't quite get it right, and it is one of those 'horoscope' type things that would always look prescient at some point....
December 02, 2013, 04:13:08 PM
People hardly ever remember failed predictions...
December 02, 2013, 04:11:32 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
There's no massive insight here. This is just a statement of history because it's happened several times before. Who on this forum is stupid enough to believe btc/usd-rate is not at the mercy of manipulators?
December 02, 2013, 04:11:20 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
Was saying the same thing (I was writing while you posted) but yep - it did stick in the mind.
December 02, 2013, 04:09:55 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Even rpietila mentioned that a factor in any crash would be DDOS on the forum.
I hate to sign up to conspiracy theories - but it is a beacon we all tun to in exciting / troubled times.
Us being suddenly in the dark (with quite a few larger holders checking in) is no bad thing if someone WANTS market uncertainty. Timing was odd, it did go apeshit for a while while we were off... And raiders tend to kick your door down when you are not best prepared and they will take any advantage to create chaos if they are planning a surprise.
That said my old Dad always said, it's usually more often simply a cock-up than a conspiracy.
If it was designed to spread FUD, I don't think it really worked that well. Sub 500 did not happen and I could not see anyone making on both sides as easily as all that. I did watch the ratios between China and Gox and they stayed pretty close for a long time- but not constantly.
So, not proven - but I am open minded. Not difficult for someone to organise, really..... Much easier than an exchange attack.
December 02, 2013, 04:05:08 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
December 02, 2013, 04:02:23 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
December 02, 2013, 04:00:42 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things
December 02, 2013, 03:54:20 PM
Does anyone else thinks that attack on the forum had a suspicious timing?
December 02, 2013, 03:51:17 PM
I strongly believe that nothing not even bitcoin can simply go up forever.
You're such a bear. Of course it'll go up forever. I predict by the end of this century then entire world economy will be run on a single bitcoin.
Ccmf.
December 02, 2013, 03:41:21 PM
I strongly believe that nothing not even bitcoin can simply go up forever.
You're such a bear. Of course it'll go up forever. I predict by the end of this century then entire world economy will be run on a single bitcoin.
December 02, 2013, 03:14:21 PM
I see the same thing. About twice as much volume for sellers than for buyers.
The thing about this is that we know bitcoin can supply fireworks in velocity.
edit: Interesting that gox and cny are sliding sidewise while stamp is declining slightly.
The thing about this is that we know bitcoin can supply fireworks in velocity.
edit: Interesting that gox and cny are sliding sidewise while stamp is declining slightly.
Judging by the last couple of days - the chance of it staying flat exactly where it is now is probably not a safe bet.
That said - with such massive movements price has proved pretty resilient and seems to favor a default level over 1000....
I won't bet on it, and it's been pretty wild (and will continue to fluctuate) but it may have found a level - it could have been anywhere with the swings we've seen, but I can neither see 500 or 2000 right now.
The only thing I would venture is that my hunch is, once the market thinks a level has been reached, it will start to grow again.
Someone already quoted Nietzsche:
'That which does not kill me, makes me strong'
I think this applies - if it was going to hit the floor, it probably would have done by now - so, perversely, any stability around a market comfort with a value in a day or so's time, will produce growth from that point.
December 02, 2013, 02:41:32 PM
I see the same thing. About twice as much volume for sellers than for buyers.
The thing about this is that we know bitcoin can supply fireworks in velocity.
edit: Interesting that gox and cny are sliding sidewise while stamp is declining slightly.
The thing about this is that we know bitcoin can supply fireworks in velocity.
edit: Interesting that gox and cny are sliding sidewise while stamp is declining slightly.
December 02, 2013, 02:31:39 PM
I am trying to convince my self that we will see the price only going up but I fail to back my thoughts with real facts, it looks like we are loosing support and bringing the price under $1000 wont be that hard
December 02, 2013, 02:31:19 PM
Price discovery until a whale decides to move the market his way.
December 02, 2013, 02:26:03 PM
The value looks like a cork being pushed under the surface at $1000 and then bobbing up and down on Bitstamp.
December 02, 2013, 02:16:06 PM
its looking good!
the rally should be able to continue.
but a return to the choo choo MOFO trendline might be in order, the double top is consering.
Thanks for that! If you had said 'single digits by Friday' I would have crawled in my hole and cried.
lol, no way.
worst case, we will test support at 800-600 ish, but initial support at previous resistances looks good to me, so i think UP.
I only just realised I could login by clicking the "Log In" box. Good to be back :-)
So, who else bought at 800?
I was a big seller at 800
all my friends handed me their bitcoins. i've been writing a lot of checks. lol.
but thats done now, so i see no reason not to continue the rally to 3,000$
you scared?
I have 4.22btc and not going to touch 50% of them until $155,000 
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