Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31870. (Read 26717305 times)
November 20, 2013, 03:01:28 AM
November 20, 2013, 02:59:52 AM
Withdrew btc from Gox an hour ago and still not showing on the block chain. Here we go again, more gox-games.
November 20, 2013, 02:59:49 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
For BTC prices to increases further, a lot of early adopters (holding with 2 digits cost BTCs) have to sell out their holdings. If they don't sell now, they will sell at $1000, $2000, ... eventually. Therefore, dumping actually means coins exchanged from people buying them at low price to those buying them high. Then the average cost of coins increases significantly, and that means we can expect stable increase to next height.
What?
It makes perfect sense. Coins that could have been acquired for much less, who knows maybe even pre 2013 prices, are sold for a handsome profit. Those coins now have a burden at the new purchase price. They are no longer $10 coins, they are $500 coins.
Right... And as soon as those people who bought the coin for 500-1000-10000 whatever don't get 501-1001-10001 in return after X time then what happens? You see again, the system needs new $$ to operate.
For trading, since BTC market is 24/7, it is better to rely on bot softwares. Otherwise, it's not worth sacrificing our life on it.
Agreed
November 20, 2013, 02:57:33 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
For BTC prices to increases further, a lot of early adopters (holding with 2 digits cost BTCs) have to sell out their holdings. If they don't sell now, they will sell at $1000, $2000, ... eventually. Therefore, dumping actually means coins exchanged from people buying them at low price to those buying them high. Then the average cost of coins increases significantly, and that means we can expect stable increase to next height.
What?
It makes perfect sense. Coins that could have been acquired for much less, who knows maybe even pre 2013 prices, are sold for a handsome profit. Those coins now have a burden at the new purchase price. They are no longer $10 coins, they are $500 coins.
Right... And as soon as those people who bought the coin for 500-1000-10000 whatever don't get 501-1001-10001 in return after X time then what happens? You see again, the system needs new $$ to operate.
For trading, since BTC market is 24/7, it is better to rely on bot softwares. Otherwise, it's not worth sacrificing our life on it.
November 20, 2013, 02:57:03 AM
Well the only reason i can think of why someone would try to sell BTC10k around midnight US east coast time (and 0500 - 0600 in Europe) is to manipulate the market. Think we can all agree that if he wanted to cash out he could slowly sell of in smaller chunks and get MUCH more $ out. The sell brought gox down from 590 to 500 and subsequently to 475 on lower volume following up. If the goal was to induce panic so the whale could reenter at lower position think it's safe to say that so far he failed as the market held out pretty reasonably so far, and i feel will recover soon. Now if Gox had 70% of the market as in April this would've been much uglier. So unless the price drops down to $400s that manipulation stunt will cause our whale A LOT of $, and hopefully will deter other a$$holes from trying to manipulate the market (and we can get back to a more natural mass panic snow ball effects instead of one person instigating the avalanche) just my 2c
November 20, 2013, 02:55:19 AM
noob question: how important is parabolic sar as an indicator?
1d charts for stamp and gox show that it flipped.
don't want to spread FUD, just want hear your opinions.
1d charts for stamp and gox show that it flipped.
don't want to spread FUD, just want hear your opinions.
November 20, 2013, 02:49:19 AM
you guys think this rally has steam left? we havent broken 400 yet. im holding but cant help but think this might be a long slow slide to <300
Then it will be a great chance to increase the holding. 
November 20, 2013, 02:48:54 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
For BTC prices to increases further, a lot of early adopters (holding with 2 digits cost BTCs) have to sell out their holdings. If they don't sell now, they will sell at $1000, $2000, ... eventually. Therefore, dumping actually means coins exchanged from people buying them at low price to those buying them high. Then the average cost of coins increases significantly, and that means we can expect stable increase to next height.
What?
It makes perfect sense. Coins that could have been acquired for much less, who knows maybe even pre 2013 prices, are sold for a handsome profit. Those coins now have a burden at the new purchase price. They are no longer $10 coins, they are $500 coins.
Right... And as soon as those people who bought the coin for 500-1000-10000 whatever don't get 501-1001-10001 in return after X time then what happens? You see again, the market system needs new $$ to operate.
November 20, 2013, 02:44:41 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
For BTC prices to increases further, a lot of early adopters (holding with 2 digits cost BTCs) have to sell out their holdings. If they don't sell now, they will sell at $1000, $2000, ... eventually. Therefore, dumping actually means coins exchanged from people buying them at low price to those buying them high. Then the average cost of coins increases significantly, and that means we can expect stable increase to next height.
What?
It makes perfect sense. Coins that could have been acquired for much less, who knows maybe even pre 2013 prices, are sold for a handsome profit. Those coins now have a burden at the new purchase price. They are no longer $10 coins, they are $500 coins.
November 20, 2013, 02:40:16 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
For BTC prices to increases further, a lot of early adopters (holding with 2 digits cost BTCs) have to sell out their holdings. If they don't sell now, they will sell at $1000, $2000, ... eventually. Therefore, dumping actually means coins exchanged from people buying them at low price to those buying them high. Then the average cost of coins increases significantly, and that means we can expect stable increase to next height.
What?
*edit* Read this thread https://bitcointalk.org/index.php?topic=323988.0;all
November 20, 2013, 02:38:57 AM
you guys think this rally has steam left? we havent broken 400 yet. im holding but cant help but think this might be a long slow slide to <300
November 20, 2013, 02:38:40 AM
Can I also add to the conversation that fact that one of the most popular (and profitable) btc gambling sites went down MOMENTS into the first big crash from 900 levels on gox? I refer to primedice.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
You have emphasized that this is just for the 'next little while', so most people will not care so much. Yes, it may crash to $300, but it was the price just 3 days ago. What's the big deal?
If you want to sell now and buy back low enough, You have to watch the market 24/7 because no one could know when it will suddenly shoot up again.
Perhaps I misrepresented my former statement when I said " within the next little while," since a while in BTC terms now goes to mean hours lol
. But seriously, the events of this weekend will carry into the weeks ahead as the major catalyst for the BTC price (new-money) stagnates and reflects on the opportunity before them. November 20, 2013, 02:34:37 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
For BTC prices to increases further, a lot of early adopters (holding with 2 digits cost BTCs) have to sell out their holdings. If they don't sell now, they will sell at $1000, $2000, ... eventually. Therefore, dumping actually means coins exchanged from people buying them at low price to those buying them high. Then the average cost of coins increases significantly, and that means we can expect stable increase to next height.
November 20, 2013, 02:34:31 AM
http://www.reddit.com/r/Bitcoin/comments/1r1gu5/starbucks_to_make_announcement_regarding_bitcoin/
"Leaker" says Starbucks to accept bitcoin by Thanksgiving.
In the middle of setting up a bitcoin bet involving SeansOutpost for escrow. Off the wall claim just got a little interesting...
"Leaker" says Starbucks to accept bitcoin by Thanksgiving.
In the middle of setting up a bitcoin bet involving SeansOutpost for escrow. Off the wall claim just got a little interesting...
lol he "leaked" (aka made up) the info hoping to stop this mad sell off??
MAYBE!
wont work.
but it will bounce, for far more compelling reasons then Starbucks accepting bitcoin.
It's pretty similar to that other "inside information" post on Reddit about Amazon preparing something BIG with Bitcoin back then in May (IIRC)
We should really starting using financial instruments like bets and prediction markets.
November 20, 2013, 02:32:41 AM
The last 48 hours have made me wonder why my BTC are in paper storage.
It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.
It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.
they are safe there, don't get emotional
November 20, 2013, 02:31:57 AM
The last 48 hours have made me wonder why my BTC are in paper storage.
It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.
Either because you're lucky or because at some level you know it makes sense not to risk your bitcoins on trading hunches. You may well have been correct in this instance and might even have got away with selling higher to buy back lower but that may well have given you confidence to trade more and sooner or later the chances are you will have ended up with fewer bitcoins than you now have in your paper wallet.It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.
Be pleased you were thinking sensibly at the time you put your coins out of hunch's reach!
November 20, 2013, 02:27:58 AM
Can I also add to the conversation that fact that one of the most popular (and profitable) btc gambling sites went down MOMENTS into the first big crash from 900 levels on gox? I refer to primedice.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
You have emphasized that this is just for the 'next little while', so most people will not care so much. Yes, it may crash to $300, but it was the price just 3 days ago. What's the big deal?
If you want to sell now and buy back low enough, You have to watch the market 24/7 because no one could know when it will suddenly shoot up again.
November 20, 2013, 02:27:44 AM
The last 48 hours have made me wonder why my BTC are in paper storage.
It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.
It's annoying to correctly predict rises/drops, but have my BTC sitting in a locked safe at home while I'm at work.
November 20, 2013, 02:26:56 AM
It's still trading at these prices, though. They volume may be "fake", but not the price.
I'm not saying the volume is faked, because I really have no idea, but couldn't a big player use the lack of trading fees to their advantage by setting up big sell walls, buying them out, and creating the illusion of incredible buying pressure at no cost? Or vice versa, I suppose.
Someone gets it!
So, while the manipulators were hard at work at Gox, why did they not paint red tape in China, creating the illusion of incredible selling pressure? That would have helped drop the price quite a bit more. It could be done, but how much is it actually done? All we can do is speculate, and speculation by very nature is wrong at least as much as it is right.
This last sell off was not market manipulation nor was it intended to drive prices down to buy the dip... It was stated earlier that the gox errors were due to a fail-safe put in place to protect against large dumps. What this last day or two represents is an actual transfer of major btc holdings to fiat as large holders sold into the demand built up over the last week.
Let me put it this way. In a market in which holding is more profitable than shorting, driving price up significantly requires actual people buying into the market, which means it requires a lot of capital $$. Driving price down however, requires dumping a "few" (what were once very cheap and plentiful) coins into the market.
Ask yourselves, how can it be that BTC increases in value? It is none other than more people ($$) entering the system.
November 20, 2013, 02:23:09 AM
Can I also add to the conversation that fact that one of the most popular (and profitable) btc gambling sites went down MOMENTS into the first big crash from 900 levels on gox? I refer to primedice.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
Some suspect he absconded with the funds and sold when he could https://bitcointalk.org/index.php?topic=208986.2140 (I know some may think of the commenter as a troll, but there is often truth hidden within the "spam" of some people). If that and the fact that some very established members have sold the majority of their holdings tells you nothing about what is will happen within the next little while... Well you are on your own.
Look at the guy that made those claims (haigtst) and his previous posts. He does nothing but spam nonsense (in this thread too).
While I can't rule out that he might be correct (if you throw shit at the wall long enough, eventually some of it will stick), I don't take anything he spams seriously and I'd recommend, for your sanity, that you do the same.
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