Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33252. (Read 26463835 times)

Whooho!

Was afk for a while, and coming back see that most of my buy order at 117.11 got filled  

Definitely of topic for this thread, but that was just too cool. *veryhappy*

Yes.

Yes, my last post was kind of out of context. What I meant by that is that it is useful to speculate on these things, calling it "tinfoil hattery" does not mean it is illogical, just that you don't agree. As electricmucus said, this is not a time when chart analysis is going to help. Bitcoin has never been in the situation it is right now, and I think we can all agree that the  sentiment of current holders is not being accurately reflected on the charts. Thus one must examine other possibilities. My theory didn't get pulled out of my ass, I just looked the evidence which led me to believe in an artificial price(ATM), asked who would benefit from such a situation, and went from there.

Given that headlines have played a role in price changes in the past, one has to wonder why this time is different, with heaps of the best news we have ever had.

Open Transactions and BitMessage integration is the big news.

I think theres some logic there. Stability was needed for more than one reason. I see it as perfectly reasoned for vested interest players to collude like this, and i dont see that as a negative thing right now.  

Will this do?
http://s20.postimg.org/ny8mxg8jh/Capture.jpg

When market was absolutely stagnant last week it only moved after the DHS seizure order news, but it still took 20-30 minutes before the swing started.

Something has to make people trade again.

If you wait for headlines, you will always be one step behind.

We are waiting for the next big news to come, positive or negative to determine direction of the market. Technical market does not work in a trendless market.

Too much tinfoil hattery, need more solid speculation based on facts and logical reasoning.

Not bad actually. I'll have to think on this.

My reason was the conference. And it still kind of is related to it. My guess now is that Big Money works in groups, Big Money has friends. And their friends now see Bitcoin in the same light the rest of us do(at least profit-wise) - but they're not quite ready. They need to get some internal infrastructure ready for the conversion to Bitcoin. Also they might be waiting on Bitcoin exchange infrastructure to accommodate their level of planned buying; can current exchanges handle multiple buys of millions of dollars?(I am asking, I don't know) So they get back to their Big Money friends like "Yes, we get it now. We just need a few days to get everything in order. Please just hold the price for a short time, to stop a panic buy among current holders(and other companies), so we can start the real buying at these prices when we're ready." This would more than pay for the money their friends spent holding the price, at these volumes its just too easy for them.

My guess would be is that they know a gold rush is inevitable, and that it will be a race. Not everyone knows they are going to end up having to run in this race, but the ones who do want to have a stable starting line as they're walking up, so they can make sure to get their affairs in order without any kind of panic.

As in, this stability is the "take your marks" portion of the race.

I have a different point of view here. First lots of coins left Gox, but fiat remained pretty high so price went up obviously. Then the ones with fiat on Gox realized that something was going on, prices on other exchanges were significantly lower and they felt stupid for paying more for their bitcoins on Gox. So after a few days you see fiat leaving Gox now as well to go after the cheaper coins on the other exchanges (look at total bid sum/ask sum at blockchained.com, the picture says it all). Equilibrium will be restored soon with the end result being that MtGox has lost a lot of its former dominance and other exchanges have gotten closer to MtGox in terms of volume.

sorry for offtopic, if this is even possible: do they calculate the private key as a sha256 and derive the public address? if so, my guess is they keep the private key and will soon scam everyone :-(

It's just that there is no rush, neither to buy nor to sell. No panic ATM.

There's definitely someone selling little by little as soon as the price goes up a small %, but he is doing it in the right way, avoiding sleepage.

Anyhow, IMO more time passes with this stability, more sellers will get impatient. Fiat is slowly decreasing on Gox, while at Bitstamp there's still pocket money,  and I really do not see how that could change fast. I don't see buyers getting nervous.

There has been an overabundance of good news, and i've watched ask walls start to get eaten real quick only to be shot down with a huge market sell. If it really was someone looking to dump a lot of coins, I think they would let their progressively higher ask walls get eaten, instead of bitchslapping every rally attempt.

My theory is that someone is artificially propping the price up while attempting to sell a huge amount of coin.

put walls.. buying cheap .. release walls..    sell high

edit: i'm buying slowly on bitstamp thank you walls!!