Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33140.

Its About Sharing

legendary

Activity: 1442

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Antifragile

Quote from: Frozenlock on June 02, 2013, 12:57:20 PM

So unless it's between 9h and 17h, on a monday, 'murica time, it's manipulation?

No, but to put a large sell order in on a weekend, at 5am is either manipulation or stupidity regarding the price you will get.
I didn't rule out the latter. But this is a speculation forum. Grin

lucas.sev

sr. member

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Some buys pushing price up...

Zarathustra

legendary

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Quote from: Richy_T on June 02, 2013, 01:00:43 PM

Quote from: Zarathustra on June 02, 2013, 08:14:32 AM

Quote from: samson on June 02, 2013, 07:38:14 AM

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

Congratulations, you just rolled back about a century of physics.

A century of BS-physics. But I know, some QM 'physicists' (not all !) do indeed believe, that there are 'possibilities' for the past and the future.

Zarathustra

legendary

Activity: 1162

Merit: 1004

Quote from: Its About Sharing on June 02, 2013, 12:24:16 PM

You forgot one thing. They did it in the middle of the night on a WEEKEND.

Great test...

In the middle of the night? Do you think the Earth is flat?

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Richy_T

legendary

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Zarathustra on June 02, 2013, 08:14:32 AM

Quote from: samson on June 02, 2013, 07:38:14 AM

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

Congratulations, you just rolled back about a century of physics.

Frozenlock

sr. member

Activity: 434

Merit: 250

So unless it's between 9h and 17h, on a monday, 'murica time, it's manipulation?

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Frozenlock on June 02, 2013, 12:27:57 PM

Quote from: Its About Sharing on June 02, 2013, 12:24:16 PM

You forgot one thing. They did it in the middle of the night on a WEEKEND.

Great test...

Middle of the night? It was 5 am here and around 11 am in Europe.

5am - Who is up then?
11am - Got me there. But still, Sunday and most volume is from American trades (e.g. - Here in Germany we are at 1,200 on bitcoin.de)...

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Its About Sharing on June 02, 2013, 12:24:16 PM

You forgot one thing. They did it in the middle of the night on a WEEKEND.

Great test...

Middle of the night? It was 5 am here and around 11 am in Europe.

samson

legendary

Activity: 2097

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Quote from: Rampion on June 02, 2013, 11:46:27 AM

As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.

IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.

This ^

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: niothor on June 02, 2013, 12:22:41 PM

Ok , I think the worst is behind us.

Probably Monday morning will clear things.

We are sitting nicely on support but I don't like the bottom of big rid candles to define support. Hopefully we have a high volume selloff tomorrow and come back up to form a nice hammer.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: BitcoinAshley on June 02, 2013, 12:20:02 PM

Quote from: ShroomsKit on June 02, 2013, 12:06:38 PM

Quote from: lucas.sev on June 02, 2013, 12:01:35 PM

Quote from: worldinacoin on June 02, 2013, 11:56:57 AM

It looks like an attempt to sell just to make Bitcoin prices lower.

I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.

It's people cashing out. Not rebuying. Not a good sign.

What? Dumping thousands of coins in one market order is possibly the WORST way to cash out in existence. All signs point to "NOT people cashing out."

So what makes you say, with such certainty, "It's people cashing out." Stupidity? Ignorance? Thinking that dumping thousands of coins in one market order and experiencing slippage 2 DA MAX is the best way to cash out rather than the worst? Roll Eyes

EDIT: And no, the fact that they did not instantly rebuy all $2.5 million worth of coins and bring price back up to 125+ does not definitively mean they are cashing out. That's not how this game works. Grin

You forgot one thing. They did it in the middle of the night on a WEEKEND.

Great test...

niothor

hero member

Activity: 826

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in defi we trust

Ok , I think the worst is behind us.

Probably Monday morning will clear things.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: ShroomsKit on June 02, 2013, 12:06:38 PM

Quote from: lucas.sev on June 02, 2013, 12:01:35 PM

Quote from: worldinacoin on June 02, 2013, 11:56:57 AM

It looks like an attempt to sell just to make Bitcoin prices lower.

I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.

It's people cashing out. Not rebuying. Not a good sign.

What? Dumping thousands of coins in one market order is possibly the WORST way to cash out in existence. All signs point to "NOT people cashing out."

So what makes you say, with such certainty, "It's people cashing out." Stupidity? Ignorance? Thinking that dumping thousands of coins in one market order and experiencing slippage 2 DA MAX is the best way to cash out rather than the worst? Roll Eyes

EDIT: And no, the fact that they did not instantly rebuy all $2.5 million worth of coins and bring price back up to 125+ does not definitively mean they are cashing out. That's not how this game works. Grin

lucas.sev

sr. member

Activity: 252

Merit: 250

200BTC to 128USD Cheesy

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ShroomsKit on June 02, 2013, 12:06:38 PM

Quote from: lucas.sev on June 02, 2013, 12:01:35 PM

Quote from: worldinacoin on June 02, 2013, 11:56:57 AM

It looks like an attempt to sell just to make Bitcoin prices lower.

I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.

It's people cashing out. Not rebuying. Not a good sign.

I wouldn't look at it like that. It is Sunday and I'm sure a lot of auto sells are being triggered.
We will see what we got this week. And if that isn't much, time to reload for better prices. Grin

I can imagine how you old timers feel - totally unfazed by this. Nice feeling...

Frozenlock

sr. member

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From Reddit:

http://www.reddit.com/r/Bitcoin/comments/1fiu48/beginning_to_worry_yet/

- Beginning to worry yet?

--This is what happens when the govt. scares the hell out of new investors. It doesn't help that the verification process to get on Mt. Gox takes was made more difficulty.

--No worries, 115 is a strong support and it holds well.

--June is bad for all investments. Go outside and spend some money.

--Buy all the coins!! Cheesy

--im holding for the longest time

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Cry