Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31749. (Read 26608315 times)
November 21, 2013, 04:01:51 AM
CaVirtEx is just watching.. never seen it be so patient.. moves about 10% of gox's rally damned low volume.
November 21, 2013, 04:01:37 AM
November 21, 2013, 04:00:33 AM
I am unable to add to cancel sell/buy orders @bitstamp, might be the reason the lack behind in this upward trend.
Can't cancel? Thats a major problem.
November 21, 2013, 04:00:04 AM
Correction, it's just the display information that's lagging behind. Orders are being processed
November 21, 2013, 03:58:41 AM
Hot asian did an interview with RT!
http://www.youtube.com/watch?v=Ty7XiBjHUsk&feature=youtu.be&t=4m20s
http://www.youtube.com/watch?v=Ty7XiBjHUsk&feature=youtu.be&t=4m20s
November 21, 2013, 03:58:12 AM
Oh boy, China is awakening and if Gox breaks through the $700 barrier, we will be getting VERY close to confirming no dead cat bounce.
Very interesting to see what happens here. Wall is building at $700 so I do not think this is going to be easy. How quickly we move through this resistance will let us ALOT about where and how fast we are going.
Very interesting to see what happens here. Wall is building at $700 so I do not think this is going to be easy. How quickly we move through this resistance will let us ALOT about where and how fast we are going.
November 21, 2013, 03:57:14 AM
OFF-topic- Max keiser Promoting Litecoin, Litecoin went 100% in one week, you cant miss that as well
November 21, 2013, 03:53:49 AM
I also am of the belief that there are not many humans that own $100k+ coins. And even fewer of them that are trying to manipulate markets.
Why even bother. Hold and profit. Is it REALLY worth there time to trade to try to make 1 or 2k more?
Are there cyborgs that own 100k+ coins? Why even bother. Hold and profit. Is it REALLY worth there time to trade to try to make 1 or 2k more?
November 21, 2013, 03:52:02 AM
I also am of the belief that there are not many humans that own $100k+ coins. And even fewer of them that are trying to manipulate markets.
Why even bother. Hold and profit. Is it REALLY worth there time to trade to try to make 1 or 2k more?
Why even bother. Hold and profit. Is it REALLY worth there time to trade to try to make 1 or 2k more?
November 21, 2013, 03:49:04 AM
Its more than a bit arrogant to equate # of bitcoins with knowledge or intelligence in trading. It makes you sound small for suggesting it.
More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.
Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.
You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.
Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.
I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.
But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for. I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."
More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.
Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.
You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.
Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.
I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.
But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for. I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."
It is not intelligence but the resources and tools available for trading:
With BTC10 trading capital you can pick opportunities that the elephants cannot. But the elephants can use their BTC1,000 trading capital to manipulate the bid/ask volumes, erect small walls and do dumps. As for the large holders (BTC100,000), the market is at their mercy when it is ripe for a correction, because they can do whatever they want. Only rule is that when they relinguish coins, the average price has to be higher than the buyback.
For this reason, based on the trend analysis, this was a good chance to go bearish. Even if I am wrong initially, sitting tight on this fiat position is all right because I know that bitcoins are a tad high atm, and only after 4 months they "should" be worth this much.
There may be collusion between some large owners, I don't know. But the same effect follows even if everybody just acts individually, trying to outsmart others.
I think BTC100,000 manipulates this market more now than ever, because of the exchange situation... But I don't have such money to play with. Otherwise I think you are right.
I generally agree with that sentiment.. but regarding where I bolded your words... is that in part due to the large price variance when one exchange runs up quicker ?, I am not surprised cavirtex is lagging behind stamp and gox right now.. but it saddens me since ..CAD is worth less than U.S and cavirtex ( despite I guess volume ) should be higher priced than Gox Or Stamp.
November 21, 2013, 03:48:03 AM
This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...
If I was the manipulator, I would lure all the suckers in now, and then drop the bomb with a market order.
The "price per coin sold" times "number of coins possible to sell" is now much higher than at the pop.
Main question - if bitcoin is short term worth this price, no problem. If not, somebody will notice and sell some
November 21, 2013, 03:47:29 AM
And the dragon is awaking already.
November 21, 2013, 03:47:21 AM
"My prophet is a fool with his one, one, one..."
November 21, 2013, 03:45:20 AM
How long do you guys think this rally last... we gonna rubber band a lil more if/or when some drops coins at 4-5am est again.. I am kind've feeling the rest of Nov as a Bearish month.
We are inching closer to some very important resistance levels. If Gox goes over 748 we are in full bear mode. Its around 680 now. Of course it will have to fight its way over $700.
I think we may continue to inch up slowly through Thanksgiving. But we could be consolidating close to our highs by then.
At any rate this last bounce up has been huge and consistant all day and backed up with a ton of bid depth. This is looking more and more bullish by the hour.
Yes bull.
November 21, 2013, 03:44:56 AM
This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...
lol the quality of this video reminds me of my outlook on bitcoin in 2010-2011.. terrible.. but I think that dam rubberband man.. never know when he's gonna snap
http://www.youtube.com/watch?v=my0fQzecfsA
November 21, 2013, 03:44:49 AM
If you think that 27M in bids on Gox and 13M on Bitstamp (both at ATH) is irrelevant well good luck to you trying to swim upstream. 
Read the post again, young man.
Upon waking up, I removed 25% of BTC China (world's biggest exchange) bid depth. The guys who have more bitcoins than I do, control the bid depth in Gox and Stamp. When they remove the bids and start rolling, the price moves down however much they like.
This is how it works. Read the post again, so you understand why I wrote it in a byzantine way.
To be honest, I think you made a mistake. I think the Chinese exchange is a GREAT investment right now. That dragon is asleep, but the other exchanges look bullish. Remember, China did not start this rally, Gox and Stamp did. China just gained the most momentum and left the others behind.
This will happen again. China is being arbitraged right back into line right now. But they will explode up fast and furious once the other exchanges confirm the continued bull trend.
You could have made yourself a couple of more million over the next few weeks (probably sooner) had you had the balls to buy.
Oh well.
November 21, 2013, 03:44:41 AM
Lots of fiat have on their way to the exchanges. Bitcoin network will see a bigger capitalization soon. Nevertheless there are those who will try to acquire the lion's part off it; so buy and hold. I found out that, this is the most profitable way to go.
November 21, 2013, 03:43:24 AM
Its more than a bit arrogant to equate # of bitcoins with knowledge or intelligence in trading. It makes you sound small for suggesting it.
More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.
Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.
You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.
Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.
I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.
But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for. I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."
More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.
Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.
You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.
Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.
I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.
But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for. I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."
It is not intelligence but the resources and tools available for trading:
With BTC10 trading capital you can pick opportunities that the elephants cannot. But the elephants can use their BTC1,000 trading capital to manipulate the bid/ask volumes, erect small walls and do dumps. As for the large holders (BTC100,000), the market is at their mercy when it is ripe for a correction, because they can do whatever they want. Only rule is that when they relinguish coins, the average price has to be higher than the buyback.
For this reason, based on the trend analysis, this was a good chance to go bearish. Even if I am wrong initially, sitting tight on this fiat position is all right because I know that bitcoins are a tad high atm, and only after 4 months they "should" be worth this much.
There may be collusion between some large owners, I don't know. But the same effect follows even if everybody just acts individually, trying to outsmart others.
I think BTC100,000 manipulates this market more now than ever, because of the exchange situation... But I don't have such money to play with. Otherwise I think you are right.
November 21, 2013, 03:43:03 AM
This might for 6 months be known as the "the chance you had to sell at the top of that bulltrap" but I can't bring myself to do it...
November 21, 2013, 03:41:10 AM
How long do you guys think this rally last... we gonna rubber band a lil more if/or when some drops coins at 4-5am est again.. I am kind've feeling the rest of Nov as a Bearish month.
We are inching closer to some very important resistance levels. If Gox goes over 748 we are in full bear mode. Its around 680 now. Of course it will have to fight its way over $700.
I think we may continue to inch up slowly through Thanksgiving. But we could be consolidating close to our highs by then.
At any rate this last bounce up has been huge and consistant all day and backed up with a ton of bid depth. This is looking more and more bullish by the hour.
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