Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33724. (Read 26497617 times)

Stop it, the price is not coming down. 

Lag is on its way up..........price coming down?

EDIT: NVM its gone again.

I think the wall owner got impatient. The bids weren't appearing in front of it fast enough so he gave it a little nudge. I agree with you in principle but I don't think we'll go that low when the dump finally arrives

Why now? Gox has been taking $ hand over fist during these last few days and I didn't see any mystery walls then.


If I owned that many coins I would use them to manipulate the market and turn them into more coins while BTC is still in the triple and (possibly) double digits. This is the time for the whales to turn huge profits into really huge profits. Once BTC hits the thousands it will not be so easy. That's when the market really needs propping up.


Or they're simply waiting for the price to go up to take bigger profits. Look, we're going to test 120. Let's see what happens...

My gut is telling me that it is not someone new, just the same old BS on a different day.  See you guys on the low side of 90. 

That's not entirely true. Inheritance, Trust Fund, Lottery, Someone who has made millions and has been studying BTC and decided it was a good time to try it out, Someone who feels like for that price it would be worth scooping them up, someone who dumped them for profits and now realizes they aren't dropping low enough so he is cutting his losses, etc. etc

Well, seems the triangle is complete. Up we go?

Edit: I can drawz too!

So it is! I knew I'd learn something being here! Thanks for the pointer - it was so obvious, it was no surprise I missed it!

White is for round numbers.

It is definitely not one person, but I am certain the vast majority is one person
(If the White, rather than Grey sum number on ClarkMoody denotes multiple sources, which I am 99.9% certain it does - as the $110 sum is white, rather than grey)

The wall is not necessarily all from one person.

It's not about buying BTC. He's stabilizing the market and removing volatility. That wall is preventing the market from going down. The same as the ask walls usually prevent the market from going up.

Any of the big Bitcoin businesses would be interested in stability, including of course MtGox. Arguably, Bitcoin is MtGox. They probably care about the perception of Bitcoin more then anyone. They stand to make 10s of millions if Bitcoin continues to grow. They have the money and coins to do whatever they want with the market. If you owned MtGox, would you "let the market do whatever it wants" or would you "actively protect the market". Seeing as you'd make millions if Bitcoin grows, might perceive volatility as a negative, I'd be surprised if they didn't manipulate things for their own good.

There's also a number of people who have 50k-300k coins who probably have cashed out 1-5M. If I owned that many coins, I'd keep a nice chunk of cash on MtGox to prop up Bitcoin as needed. It's a way of protecting your investment. You can instantly remove panic, calm the market down, just by putting up a wall. Or even buying up coins, reducing supply, calming everything down.

The interesting thing is, the coin dumps have stopped. No one has sold a huge chunk of coins. No one wants to cash out anymore? More evidence the coin dumps are to move the market down, not to take profit. The market is small enough one person can push it up and keep it up. And one person can push it down and keep it down. Which means the market price of BTC has little to do with how well Bitcoin is actually doing. The exchange is its own ecosystem and doesn't directly translate to how well Bitcoin is doing. Price going up doesn't mean Bitcoin is doing well. Price going down doesn't mean it's doing bad. It's a whole bunch of people trying to make some money and Bitcoin is without question secondary on the exchange.

You don't earn $2m by screwing around like that.

Unless they don't give a shit because they HAVE 2 million to play with

If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten

Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser?

It just boggles my mind that someone will play around with 2mil in cash in a market like this.  I wonder how many BTC he has?  

I think you refer to this post.