Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 33523. (Read 26461297 times)

Quote from: underground_ on May 05, 2013, 03:58:56 PM

I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.

I think that whoever is putting the wall at $110 is trying to get the price up to $120-$125 so he can get rid of the last dump of coins he bought at a higher price before the value started going down. We should see some movement as soon as we get to a new high point. ($120 or $125 or whatever it might be) - As the price rises to ~$119 he is going to move the wall from $110 to $115 in order to put even more buying pressure on the market, so that he can get the price over his desired value.

It's not going to make it that far, though. People are becoming wise to the plan.

The guy is probably going to get impatient soon if he's been waiting for the price to hit $120 all day long. He might dump his coins at $117 already.

Btw. 2 and a half minutes of Goxic lag right now.

Its About Sharing

legendary

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Quote from: KillaMarci on May 05, 2013, 03:56:02 PM

Quote from: KillaMarci on May 05, 2013, 03:56:02 PM

I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.

I think that whoever is putting the wall at $110 is trying to get the price up to $120-$125 so he can get rid of the last dump of coins he bought at a higher price before the value started going down. We should see some movement as soon as we get to a new high point. ($120 or $125 or whatever it might be) - As the price rises to ~$119 he is going to move the wall from $110 to $115 in order to put even more buying pressure on the market, so that he can get the price over his desired value.

It's not going to make it that far, though. People are becoming wise to the plan.

That is what I am thinking. Traders who watch the market depth will see that. Those that just put in buy orders near the bid, don't have a clue about the manipulation going on.

underground_

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I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.

I think that whoever is putting the wall at $110 is trying to get the price up to $120-$125 so he can get rid of the last dump of coins he bought at a higher price before the value started going down. We should see some movement as soon as we get to a new high point. ($120 or $125 or whatever it might be) - As the price rises to ~$119 he is going to move the wall from $110 to $115 in order to put even more buying pressure on the market, so that he can get the price over his desired value.

It's not going to make it that far, though. People are becoming wise to the plan.

Frozenlock

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Wasn't it the principle of Goomboo's hammer (or something like that)?

KillaMarci

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Bitcoin Mininode...and proud!

Quote from: rpietila on May 05, 2013, 03:00:01 PM

I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.

I think that whoever is putting the wall at $110 is trying to get the price up to $120-$125 so he can get rid of the last dump of coins he bought at a higher price before the value started going down. We should see some movement as soon as we get to a new high point. ($120 or $125 or whatever it might be) - As the price rises to ~$119 he is going to move the wall from $110 to $115 in order to put even more buying pressure on the market, so that he can get the price over his desired value.

ManBearPig

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Quote from: Rampion on May 05, 2013, 02:55:13 PM

Quote from: Frozenlock on May 05, 2013, 03:47:45 PM

I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!

Don't think so. Anyhow, your prediction skills are state of the art, man.

Thanks. Wonder I have any bitcoins left... Sad

You're not alone in that thought...

oroboras

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I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.

underground_

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So, panic sell when the $110 disappears? Wink

Panic sell after he dumps 10k btc.

Frozenlock

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So, panic sell when the $110 disappears? Wink

Its About Sharing

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Quote from: Rampion on May 05, 2013, 03:30:41 PM

Quote from: Its About Sharing on May 05, 2013, 03:23:23 PM

Quote from: Rampion on May 05, 2013, 03:08:33 PM

That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.

At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.

We probably can't imagine some of who are involved in BTC. I think that is a fair statement.

For all we know a big buyer (VC) steps up, if that sell is removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time.

If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled.

For some reason, trading today and yesterday is like a movie...

For me it's clear than the large bid at $100 was just moved to $110.

I think nobody would put all his money on one spot unless he has peanuts - and $2M is no peanuts in the Bitcoin market. You would place bids all over a certain price range, otherwise you are just wittingly pushing the price up, destroying in fact the opportunity to buy below the spot price. It's pure logic: all the buyers will place bids above your wall to be able to buy something, all the sellers will slide their asks up... So, it's clear you are just driving the price up, which someone would normally do before a dump.

Just remember that $2M dollars is MORE than 10% of the TOTAL fiat in the Gox order book, that's a HUGE amount to put in a single spot, and its pointless unless you have no intention to buy and in fact your intention is to sell.

Good description, thx for that. What about on the sell side at $120 though?

Rampion

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Quote from: Its About Sharing on May 05, 2013, 03:23:23 PM

Quote from: Rampion on May 05, 2013, 03:08:33 PM

That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.

At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.

We probably can't imagine some of who are involved in BTC. I think that is a fair statement.

For all we know a big buyer (VC) steps up, if that sell is removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time.

If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled.

For some reason, trading today and yesterday is like a movie...

For me it's clear than the large bid at $100 was just moved to $110.

I think nobody would put all his money on one spot unless he has peanuts - and $2M is no peanuts in the Bitcoin market. You would place bids all over a certain price range, otherwise you are just wittingly pushing the price up, destroying in fact the opportunity to buy below the spot price. It's pure logic: all the buyers will place bids above your wall to be able to buy something, all the sellers will slide their asks up... So, it's clear you are just driving the price up, which someone would normally do before a dump.

Just remember that $2M dollars is MORE than 10% of the TOTAL fiat in the Gox order book, that's a HUGE amount to put in a single spot, and its pointless unless you have no intention to buy and in fact your intention is to sell.

oroboras

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Quote from: rpietila on May 05, 2013, 02:54:56 PM

The more volume we see around 120, the less we will ever again visit 100.

Unfortunately, I am short 2000 coins, and have no need for the dollars.

That's ironic, as I am short 2000 coins, and don't HAVE the dollars =/

I am aiming for them, slowly though. If only I'd stop buying in just as it drops. Tongue

Its About Sharing

legendary

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Antifragile

Quote from: Rampion on May 05, 2013, 03:08:33 PM

That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.

At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.

We probably can't imagine some of who are involved in BTC. I think that is a fair statement.

For all we know a big buyer (VC) steps up, if that sell isn't removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time.

If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled.

For some reason, trading today and yesterday is like a movie...

Odalv

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Quote from: rpietila on May 05, 2013, 03:00:01 PM

Quote from: Rampion on May 05, 2013, 02:55:13 PM

I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!

Don't think so. Anyhow, your prediction skills are state of the art, man.

Thanks. Wonder I have any bitcoins left... Sad

I'll sell you some @ $300k/btc :-)

Rampion

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That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.

At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.

Rampion

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Activity: 1148

Merit: 1018

Quote from: Its About Sharing on May 05, 2013, 12:30:43 PM

Quote from: SAQ on May 05, 2013, 12:21:20 PM

Quote from: awakening on May 05, 2013, 12:13:29 PM

Quote from: SAQ on May 05, 2013, 11:56:48 AM

Quote from: SAQ on May 05, 2013, 11:50:59 AM

Quote from: SAQ on May 05, 2013, 11:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

I don't need soon.

By soon I mean 2015

Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70.

I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and higher highs.

If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily.

Well to be more clear I was looking for low 70's.

And yes, we might not ever get there again. But in 2 or 3 months? Maybe.

I saw the 32$ to 2$ That took months.

True, but this is truly something that cannot be compared to a traditions currency, stock, protocol, technology, etc.
However, I'm not saying you are wrong. Government intervention might take it down. It depends on the government. Imagine the US is against it but the rest of the world is for it...
On the other hand, the China thing has just started. It can shoot to $1000 and then come back down to $70. We shouldn't get attached here. We are really taking part in one of the
worlds biggest experiments. Since BTC is anti-fragile, I'd say the Universe is on our side.

Realistically, BTC is not about getting rich, it is about a new form of money. And, if it is successful, you will only need 1. Think about that...

IAS

I'm in a win win here,

btc goes down, i get more btc

btc goes up, i get Ferrari

man, i'm in that kind of situation too - everything that will happen is good not matter what. But honestly, I'd rather buy more cheap BTC than spend the money in silly things (no offense taken)

rpietila

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Quote from: Rampion on May 05, 2013, 02:55:13 PM

I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!

Don't think so. Anyhow, your prediction skills are state of the art, man.

Thanks. Wonder I have any bitcoins left... Sad

Rampion

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