Woohoo I am a supernode! (means nothing)

I bet he got tired of waiting on a bear to come along, but they are either scared or hibernating, so he was the person behind the recent rise from 116 to 122, which was about the same amount of BTC the wall was. I guess a quick check of the depth would sort of confirm this.

Thats right, you can't set a buy order, then buy at market, then take down your buy order anymore unless you have the funds to cover it. My bad!

He probably had a lot of coin in the 120 range he wanted to sell, and forced the price into it?

Screaming as he drives away "I should have got the turbo model, I should have got the turbo model"

I am having a hard time determining if rpietila is misunderstood and is actually worth listening to, if he is trying real real hard to manipulate price, or is just really friggin weird?  Does this mean I am being trolled? Lol

Do you see the sudden drop in the Bid Sum from Monday? That was most likely wallzilla taking down his wall to buy coins. You see the sudden spike in the Ask Sum for today? That is likely wallzilla putting his new coins on the order book. He must have spread them out for profit taking instead of a huge sell wall that would likely take time to sell through. It DOES NOT mean he is going to take down all those orders he just placed and market dump. True bears will come out of nowhere and drop 15k coins.

You actually lose money market buying or market selling, compared to setting up a wall and waiting. Well, wallzilla was waiting on the crazy typical bear to come along over the weekend, and he didn't. So he took down his wall. That we know. What we don't know is what happened next with him. Did he just make small buy orders multiple times and now has all his coins on the sell side? That's what I think, and not some random bear adding 2 mil to the ask side to drive the price down. If he did what you said and just "gave up" and took down his wall, that is even more scary, to know that there is that much cash waiting off the books to ride this thing upwards. And if that is the case, then it's very bullish. Lets just say he sees the price go down to 110, where he had his wall, do you think he will just keep letting it fall? Close to 100 like you say? I doubt it, unless he is stupid, which makes me wonder where he got that cash from if he is that stupid. He would put up his wall again and get the coins he was looking for. But I think he has them already, even if he didn't get them until we got in the 120 range.

Wallzilla, if you are out there, put your wall back up, so we know what is going on. If he does, then it's obvious my opinion was wrong. If we keep moving up, something tells me he who has 2 million is smart enough to already be on the train.

Am I in the wrong thread? This is the wall observer huh?

Rampion- I get that,  actually said that yesterday after he took his wall down, but the huge addition to the ask side just make the situation a little different since its pretty much the same amount and within one day... huge coincidence if its 2 different people.

Also, what does he do if he only has fiat? He could have made all that cash on the last bubble, and at the first sign of good news he wants back in. In that case, reread my last past about this.

The fact that the dumper picked the slowest time of the week for bitcoin, screams manipulation.  All the bulls that want to hold up the price, but are still looking for cheap coins, aren't around right now, which is why the slow rebound.

The weekend dip is back, meaning manipulation is overpowering users/speculators.

This is somewhat exciting, even though the price is going to the wrong way in my book. It has been so boring around here after jan-feb-mar-apr, which was fun watching the wall/price daily

+1

Somebody wants us to stay over close to $100

I really wish I knew. My tinfoil hat says its someone within/friends of MtGox.

OR, tinfoil hat off... Setting the baseline for the next big run up isn't "crazy" for wealthy bulls, who are mostly already all in. And with that comes the task of holding off the long slow decline until the next rise. If I had a huge stash (ie. winklevii) and I dumped now to buy in cheaper later, my dump would certainly crash the price, which may take a long time to recover. If I keep the price around my buy-in average, or a great new psychological baseline (ie. $100), any rise in price and I would be in the profits (or more into profits). I know thats what I would do if I was a bitcoin whale, and was looking forward it bright future, instead of trying something that would make me a slaughtered pig.

Ever since mid May we have been seeing the huge weekly dumps ~> then Mt.Gox stops outgoing wires ~> then the huge dumps stop ~> Those coins move to other exchanges bringing the price down below Mt.Gox....

Which is where we are now.

This makes me a bit scared for when Mt.Gox starts transfers again. I wonder how many coins are waiting to be dumped once the wires come back. If I had a huge stash, and was dumping weekly, and Gox all of a sudden halted wires, I would move all my coins out of Gox, and into my wallet. If I needed some cash, or was trying to stick to a cash out plan, I would sell what I could on other exchanges without causing too much slippage. Any of those May/June size dumps on the other exchanges would just be stupid. So when Gox starts wires back up, who knows how much catching up we have to do after stalling all these dumps!

For this reason, I sold all but about 10% of my stash. Two months ago I bought a new Caddy, in full, and put a large down payment on a home, all with bitcoin speculative/minning money, so I'm not complaining much. I will definitely be sticking around for when we get a new reason for panic buying, which I don't see happening anytime soon. Yes, I know, with something as "new" as bitcoin, that new reason could happen tomorrow!

TLDR; Sold most of my coins, now waiting patiently on the sidelines. & MtGox opening wires back up should be a good show!

To clarify your point: The price rose because some people had fiat waiting to be wired out, so they had to rebuy coins to move to other exchanges and sell there, right?

Somebody blowing through some fiat!! Or just buying back in 

For me, trollish behavior is a variable in my market sentiment equation. It shows desparation or want of particular reaction. I haven't ignored a member yet, I mean why would I?

On another note. COME ON 50!
I would exchange some fiat for ~ $50 coins.

FTFY

You want to try to kill bitcoin. Kill the cash flow.

...and 111

Threw up a nice 1300btc wall @110 when they passed.

Knocking on $114. Shit just got real.

I wonder if Gox could buy coins with their unwithdrawable GoxUSD, and sell it off on bitstamp, in order to have actual USD to process what few withdrawals they wish to complete. That would explain a lot, and would be hilarious (to some people). I mean it's not like somebody audits them or anything.

50k coins to $90... 50k coins to $300

You don't know why they are buying! The fact you think every purchase on Gox is someone cashing out, compared to the fact they have yet to cash out, or even have near the volume on any other exchange makes zero sense. The only way for these whales to be selling now, like you think they are, is to do it in person, which is bullish, knowing people are out there wanting so many coins.

Personaly, I think these whales have so much cash stuck in their Gox accounts they realize they can profit in the meantime. All they have to do is run the price up until another bubble starts, or until Gox starts withdrawals, and then hope to dump before anyone else to get a good "propped up" price.

How to get out of MtGox.

1) Open accounts on exchanges around the world.
2) Spend stacked up GoxUSD and buy coins on MtGox raising the price.
3) Plop them down for sell on bitstamp, etc... wait for cross-exchange prices to follow
4) Sell all coins on other exchanges for usable fiat

Either that is going on or someone or group is trying to keep mining profitable.

$170 yaaayyyy!

Go home mini-bears, you're drunk!

Is it possible to have a bid sum/ask sum chart for the top exchanges combined?

If Gox's liquidity problem is "skewing" the charts because nobody wants GoxUSD then wouldn't sellers just put their coins on other exchanges?

Whale Wars, commence!

Did Btc-China "crash" first or Gox?

Not going to quote user mah87 for obvious reasons, but I noticed his/her ignore button glows more than chart buddy's! Seems impossible doesn't it? Has to be the most ignored user here. Some people just need to give up!

With a 5K wall at 175 and ~1K at each $5 interval, I don't see it going down too far.

BEARS ARE OUT OF COINS BUY BUY BUY!!!

With the dump that took place less than 24 hours ago, and no money flowing into Gox, I'd say the bid depth isn't that bad.

I was more or less talking about how many coins the bears could possibly have, to make people think we are going to crash again, this time to 150, so soon.

Please let this be correct lol

Off topic but Bitcoin related:

Anyone here watch White Collar in the U.S?  The newest episode was quite interesting.

"The team has arrested Brendan "Three Time" Holland, who ran Grey Trade, a black market version of ebay. The plan is to keep the site up and running for a few days to go after sellers. They will pose as buyers and outbid everyone so they aren't allowing illegal transactions to continue."

I guess the writers saw the SilkRoad news lol.

It looks like someone is trying to make it $234 before I go to bed  

It means, as I have watched over the last hour or so, (right before I go to bed) someone has been dumping coins for whatever reason (taking profits?). That is all.

Along with some Wall Chess Matches going on.

Does anybody remember the last time we had 6 consecutive green 15m candles? Is that a "bot game" keeping that from happening?

Wall at bitfinex  

People who bought in on the last ATH can now sell and come out even. I wish I could do that for some of the stock I have bought in the past!!

I guess they know next week will be huge once word gets out of breaking ATH

5000 coins to 300. So I am gonna go with yes, unless a big bear comes out of the woods real real soon.

Good God you are fast! Was uploading as I saw your post lol. About time for some bitcoinity images!

China is at lunch... brb.

China is has 2000 CNY in their sights

So who is still waiting for that crash to $250??  

I don't see any major consolidation happening until ~$480USD

I Think Mr 10k wall was meeting someone at that price to sell. Someone had a deal that if it breaks ATH, put up your 10k coins and I'll buy it all. Someone like user:Loaded, who showed back up in this forum about this time, would be behind something like this. Most whales buy over time on an exchange to not cause a panic buying spree, they will buy off exchange, or sell off exchange, or over time to not cause slippage. They are a whale for these reasons. I agree these dumpers are medium sized coin and fiat holders. I'm not going to lie, if I had the coinage to move the market, and maybe gain an extra 10-20% on my holdings, I would do it.

I just wish new users would not panic, and maybe lose some of their own coins at a loss.

A) trust issues
B) geographical issues
C) seller already on gox
D) if I'm the buyer I want that "wall to fall and bitcoin to the moon" where everyone can see it

If this China volume is fake due to 0% fees, why would it stop now? I see even more manipulators lining up to increase profits if its this easy to do so.

I agree some of the volume might be fake, but that is no reason to not buy bitcoin. If anything it is a reason to buy bitcoin, because I do not see the fake volume just coming to an end soon.

Bubble once, shame on you! Bubble twice, shame on me! Bubble three times, not gonna fucking happen.

Man do I regret selling 250 coins in the last peak .

Putting half of what is left in a paper wallet now, and going long on a BFX margin with the rest.

I am confused.

This new downtrend was due to the price rising too fast? And someone sold a shit ton of coins because why? Makes no sense. Why not just let the momentum buy through your ask wall.

The only reason I can think of, is that with these past few days being in such a huge spotlight, might as well crash the price down and discourage new buyers, giving me more time to accumulate coins.

I mean seriously! Am I just stating the obvious or am I way off track?

There goes that 10K wall that was bought up in the 270s lol

How many times can you sell through $500 jeeez!

Anyone watching on Clarkmoody, its just repeatedly selling from 590 to 500 and back from 590 down again, over and over

some lucky guy sold 4000 coins and will have the GoxUSD of 40,000 coins sold! That would be awesome, if he could actually withdraw

Somebody is using a lot of coin to keep the price suppressed on Gox. Once all the money on the sideline finally starts buying in, I don't see any stoping it (worth stopping). Buy in before the "suppressor" completes his plan. All signs point up.

Looking at the bigger picture.

The longer we stay in this price range, the sooner the bears start buying.

Touché.. I've been on both sides, but I can't not think this is bullish.

From what crash? Bears are scared, get over it.

Just some profit taking from weak hands and smart bulls who know these are cheap coins.

Weeeeeee!

New 800btc bid wall at $951

....and its gone. I wonder where it will pop up next. Hopefully a market buy lol  

Lets hope it stays this time. Loving the support.

Say "bye bye bitcoins" weak hands

Smart bulls putting up bid walls for bears to dump their precious. So dump, and get out of here! We've got a ride to the moon to catch, and we are taking your coins with us!

I will SPEND them while on the moon.

Nom nom nom

Walls eaten

I think he meant next year as in 2014 in general, not one year from today.

The only reason to not have fees for a few days is to add coins to the order book and have people dump into the waiting hands of the people with money on the sidelines trying to get in. No way in hell Mark is doing this because of Black Friday.

Enjoy your zero fees and your GoxUSD lol. They will be buying their coins back next week at a loss once we cross the price of gold, and after figuring out they cannot withdraw their fiat!

Big money players: "Oh look a bear! Finally! Dump bear dump!"........"Thats it you only sold into my bids down $100?"......."I think the bear is done, well I guess ill take us back up".... boom 1200 again

Over and over and over.  

Smarter than you.... look at the charts stupid. We keep bouncing back and forth. Weak hands handing over to strong hands, mostly because of the zero fees.

You could always try and prove me wrong though! But looking at your recent posts, I doubt I will need to check back on this.

I wonder if China will dump their LTC and jump back on the BTC train...

Next week is going to be EPIC!

.....after this rocky no fee weekend.

and Gold.... so what's next to vote on?

I got that email 2 days ago.... They must be sending them out in groups

Chart = bull trap

Chart + News + Reality = Choo Chooooo!

What a neat logo you have up there USA Today

Yay my margin was called on my last remaining bitcoins. FML where is my gun.

Not sure if serious

I lost 15BTC (that I bought for $25 each) margin trading on bitfinex.

Does someone have a bet that Stamp won't cross 700??

Fail to cross it every time.

Over $700 on stamp

You can "Claim" the BTC once you have gained enough to pay off the loan. No BTC is sold in this case.

---------------------------

BFX Volume 24Hrs
36649.36 BTC (18324.68 BTC [50.0%] of which traded on Bitstamp)

----------------------------

About 24 hours ago it was 7 million on loan

So what does this mean on their page?

Any predictions on the bottom for this weekend/holiday period?

I'm buying for the first time since February.

Hurry everyone panic follow China!!!


Oh, and Happy Holidays!

I had a feeling Loaded might go to China with bags of money only to find a few traders and a lot of fake trading.

China is keeping the price high while whales cash out and/or negotiate with people like Loaded.

Happy New Year!

1-1-2015 predictions?

My guess is...... ummm..... 49272 USD @ midnight pacific

I'm just going with somewhat the same growth percentage as what we had this year. I know this has no "TA Value" but it seems possible!

Don't forget that TA is being manipulated. Everything is made to look bullish to build up the bids.

I'm thinking "someone" is bringing the price up with huge support, only to later remove support and dump before the 31st of Jan China deadline. They would then get way more per coin than if they would have dumped with masses when the news was first released.

How high we will go, I do not know, but I would not buy coin now to save my life. We have never been to a price without coming back down to at least 50% of it. I do not see us reaching ATH before we see ~550 again.

Never thought I would see football on this thread lol.

I graduated from LSU, and a huge SEC fan.

Bama did not look like they wanted to win that game... but at least my team won.

EDIT: HODL!

I've been ready almost a year now.

3852 pages of people telling you how to lose all your bitcoin by trading.

Well done, you got me!

To know who to listen to is what got me.... sooo...

EVERYONE LISTEN UP!

HODL!

I SURE WISH I WOULD HAVE!

edit: don't leverage trade either, that's the worst!

see you guys on the flipside

And I shorted my coins margin trading due to his words, annnnnd now their gone!

Shit ain't funny bro...

I wish I was joking! When you read about people having 200,000 coins, or buying lambos with coins, you get kinda jealous. When you have very little BTC to begin with, you look for ways to get more. When you have no more money to invest, you run out of options to get more BTC. We had just come off the China news when one of the biggest hodlers makes you think we are going down further. I took that "info" and shorted on bitfinex. I didn't short at the very bottom, closer to 750, hoping to just get down to 500 and close out. But its all gone now, so no need to continue this convo.

When 'Loaded" spoke last the time before last, a crash happened within 48 hours. He spoke again 12 hours ago.

This bet isn't as clear cut as your might think.

But then again listening to 'Loaded' the last time, lost me all of my coins.

This "bull trap" started at Gox $700 and Stamp $650, so TheCoinBull's bet might be going his way here soon.

He never went through with the bet?

They could sell all his coins, then if he is found not guilty (slim chance) they could buy back all the coins for way way cheaper than they sold and keep the rest of the cash lol

Its not even 9AM in China, I really doubt this is over.

FYI every crash is "oversold"

We have reached the smileys per page threshold on the last page. Prepare for a crash!

 

Thats it? You think we have resistance at 700 to 650?

I was thinking closer to 550.

For what little I am able to buy at the moment, I would rather take the risk.

trading.i286.org

.com is the real site correct?

I'm surprised they didn't buy the .net as well, knowing how phishy bitcoin can be! 

Amirite?

this is someone panic buying, not reaction to overstock.

HURRY HURRY!

Panic buy before the WEEKEND HUMP!!! 

I would feel more bullish if the term BYUING was around in place of HODLING.

HODL just shows that fear is still amongst us.

Weekend hump holding strong!

Instead of boobs for beads for Mardi Gras this year in New Orleans, I'm gonna try btc for boobs.

(drunk)

No. I've had some block eruptors at work, so i'll be throwing chicks some satoshis.

So... should we prepare for a weekday dip now?

Hodling until the days of an extremely high price, or a time when volatility is extremely low, will be well worth the stress involved.

If you are a day trader, then the stress is part of the job with this market.

I might be the first person to go bald due to stress caused by bitcoin lol. I had 95% of my savings in bitcoin by the end of February, so I've been on a hell of a ride since then (currently dissolved).

I see whales, trains and too the moon.

Well, mb300sd does. I sure do not.

There is no buying pressure. So after our new "Weekend Buyer(s)" is done, we go back down.

I would like to see them sign a message saying they own 550K coins from an address that has 550K BTC in it.

Which will not happen.

I wish these companies accepting bitcoin would give customers a percentage off when using bitcoin. They are saving fees from their regular payment processors and paypal etc, so why not pass some savings to the customer. Then there would not be this talk of these companies not having a positive impact on bitcoin. I know they are essentially spreading the word, but has anyone bought bitcoin for the first time just to buy from these companies that accept bitcoin?

This is a key reason to buy the rumor, sell the news. You never know how short the peak will be once news like this is out, as we have seen.

It's rare that the price is this low? When you did start looking at bitcoin, less than 2 months ago? Low is 500, we are still above average at 900..... for now.

Choo-choos can go downhill too right?

Source?

Bots.

I swear I just saw ChartBuddy post two times in a row.

This thread is slower than the choo choo you guys speak of lol.

Lets pick it up guys, I'm bored.

 

I just saw this as well. I think everyone on the show (based on the future) uses bitcoin. They just only investigate criminals, so it makes it seems that it is only used by criminals. It is weird that the first two times they mention bitcoin on the show, the show a usb drive like device. I'm guessing its the future "hardware wallet". I want one now!

How long would you guys consider "long-term" be? 

I am bearish, but only for another 2 weeks. At the longest until income tax returns come around. That is when I bought in last year, with my "free money". I suspect some people will do the same this year.

7 Days. Get out while its still "high"

There will be no weekend buying to prop the price up. Too risky

It's snowing here in southern Louisiana! It's always hotter than hell here. Expect single digits soon!

Edit: Caddy paid for with BTC

That stuff worries me.

The few bulls in here sure are funny. This news is not good at all.

Those who hodl will be left in the codl

That's what people said at $266, look how much they would have increased BTC profit if they knew what the hell was going on.

Are there any non extremist on this thread? We fall $100, then we bounce back up a little and thats the sound of bears going back to their cages? LOL

Everyone is either screaming single digits or CCMF, without a sound piece of evidence (or a clue what is going on).

Someone is hacking Bitfinex!

With the sell price being $10,000 you can deposit 1 coin and your "balance" will show $10,000. Meaning you can now use $10,000 (1 bitcoin) as leverage and take a loan out for $25,000. Buy LTC on margin, and play the swings margin trading. Use the cash you just made trading to buy LTC and withdraw automatically to your wallet….. Do this with many coins and profit.

Have you not noticed the LTC volume? 135,000LTC just now.

Expect news of someone "stealing" 150,000 LTC from Bitfinex soon.

https://bitcointalk.org/index.php?topic=229438.1720

Read from post 1724 on

Now that some of the buying power has been wiped out over the last 24 hours, expect a bigger weekend dip. You people are naive if you think we are in the clear now.

+1

And lets add to the fact that without BTC withdrawals, you would be better to convert to fiat.

Also, I'm pretty sure Mt.Gox is letting some coins out to their VIP customers, which are dumping on the other exchanges.

Timber!  Stamp wall about to fall

WHOA GOX WHOA! SIMMER DOWN NOW

I think our whale hit 1K sell on the wrong exchange lol

Watching the Fall#2 in 4K, popcorn in hand.

GOX is not out of fiat or BTC, they just choose to hold onto it incase they have to turn it over to the authorities. I suspect a few VIPs are getting coins and fiat out of GOX with no trouble.

Someone on Stamp needs to either reconfigure their bots or learn how to trade. Never market buy into a crash. Thats just idiotic.

Well they succeeded….. for now.

Just took a ride with Dr. Who…. Gox will close in a month.

Everyone is watching Gox so closely, I suspect someone is trading with themselves on Gox to swing the other exchanges in their favor, where their fiat and BTC are actually worth something. Watching the walls on Gox, the bid side will rise at the exact moment the ask side falls, some trading happens, then it reverses. All the bid/asks in a $100 range shift back and forth. Seconds later, Stamp and BFX follow.  Also, someone puts a big wall at say 700 on Stamp, then Gox asks will fall and price will rise until the wall at Stamp gets eaten. Then seconds later the ask wall on Gox comes back keeping the price from going further up. Rinse and repeat. This can't be someone taking advantage of bots can it? Who would keep that much ammo (+500btc) for their bots?

Should we start calling it Ft. Gox now that it is a fractional reserve bitcoin exchange that doesn't have enough funds to cover everyone?

LOL…. When? In March? Maybe!


If Gox starts withdrawals, every Gox user should transfer coins to other exchanges and sell immediately (to lock in profit), driving all other exchanges downward.

If Gox doesn't start withdrawals, fear will multiply, driving all other exchanges downward.

It is currently a lose lose situation if you are bull…. for now.

Does this not contradict all your recent predictions?

Or are you still expecting a drop before that? With your every 35 days we crash scenario.

Here:


Price tanked those days…. So what am I missing?

Do we have a word for the opposite of FUD? Im more inclined to believe the second post in that threat.

Another BTC500 ask wall on stamp at $700, followed by a price increase on Gox. Hmmm I wonder what happens next?

Nah, I don't ignore anyone….

I think creekbore and I are on the same page!

Any prediction on what will happen when Gox does not release an update? It's almost 2pm over there.

+1

My vote was that there will be no update. I thought "What Would Gox Do?"…. which would be absolutely nothing.

WTF are you smoking?

American here, and I never went to sleep! Although I am hardcore  

But once the people who have jobs wake up, shit will hit the fan!

negative

You are correct... besides the fact that bitcoin IS broken... kinda

Perception is the only thing that matters in the bitcoinosphere

STAMP 600 WALL DOWN IN 3...2...

If 550 breaks on Stamp, I am not sure how low it will go.

Um yeah there went 550

So much fail at bitfinex!

Might as well shotr at 709

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.

Goat is great guy, but too young and immature to be the voice of bitcoin.

My vote would go to Andreas http://www.youtube.com/playlist?list=PLbSdnuFOLV4nMiQG9gvPBX_VQUf6E4COM

The hidden buy orders on bitfinex keep flashing on bitcoinity.org…. There is a ton of buys on that exchange! Well over 20K coins to break 600 shows through every now and then.

It won't show up on the change bars. It will just show the walls almost double for a few seconds, then go away. It could have been someone adjusting their order and forgot to hide them, but that would be a lot of buying power for one person. I haven't seen it since I posted. Ill try to catch it on a screen shot as I watch all exchanges over 10 hours a day.

Bottom? Or lower during the weekend?

He is doing work off exchange I bet. Too risky to deal with Gox at the moment.

How do you get the people waiting on the sidelines to finally buy in, and complete capitulation before moving upwards? To gain more fees when volume picks back up? Exploit a year known bug, halt withdrawals, and rack in on panic fees until you reinstate withdrawals. Then gain more fees on high volume as we seek new ATH.

It's actually a clever way to get over a previous bubble, and get the train back on track. Instead of sideways actions for months.

Well Done Mark!

Let's see where this goes.

Has anyone wired money to Gox lately? How long does it take?

Who has some USD on Gox they want to sell me?

+1

If only I would have won that 400 million Powerball yesterday. I would have flown to Mt.Gox.

How do you short MtGox?  Shorting anywhere else would be risky right now.

It's Mark…. Selling all the cheap coins he bought on his exchange... duh!

I'm just mad I don't have 6 million on bitstamp right now. I'd burn his ass.

Fucking Mark and his GoxBTC on bitstamp is messing up my trading.

I won't be happy until Mark is in jail or in a coffin. A lot of people lost a lot of money because of his shithole magic the gathering online xchange.

Him and his employees... And whoever figured out the way to steal the 750,000 BTC. Anyone else who made money there paid fees to do so, so they are excluded.

TBH 750k coins is a hell of a lot to steal without notice, I suspect they were behind it all along. Nobody can do anything about it now lol.

So what you are saying is Mark & Co. are idiots...  Money in has to equal money out. When you are leaking money, put a cork in it.

Oh.... hush!

The Bitcoin Foundation should audit, certify, rank, and give a seal of approval for each exchange. Keeping people like Mark and Gox from operating, with users under the false assumption that they will actually get btc or fiat. The exchange itself should pay for this service, and in return be listed as a trusted exchange. We should then point first time buyers to the Foundation page with up to date exchange info.

Karpeles is out, Shrem was shutdown so he should be out too. There has to be a way for the Foundation to have trustworthy members, then I guess we can do this audit thingy I proposed.

Satoshi has to be pissed that these old timers can't even run business well and in turn gives Bitcoin a bad name.

I bet Mark Karpeles is in jail by the end of the year. The Gox stolen coins was an inside job. Filing bankruptcy will only get people looking at this closer. He should have just ran with the coins to a country with no extradition.

Out of coal.. Choo choo delayed.

I'm confused at who would sell over 1K BTC at these low prices. Unless they are dumping on a schedule no matter the price.

Come on bears! Weak!!!

"Unknown" is about to breach 40% of the network. Somebody is raking them in.

choo choo testing

Might be the news of ATMs in China. Which would end this whole banking issue/bear market.

China never banned bitcoin, they just didn't want the banks to have a part in it. This bypasses the banks.

So yes, this bypasses "the China ban"

I see some people who forgot to close their shorts are spreading FUD on reddit about the ATM news being faked by the exchanges themselves to sell their coins before the ban.

 

Where did all the Bitfinex bids/asks go? Did they make it to where you can't place bids or asks without having the Fiat/BTC? 3K until $1000 and 8K in bids back to $50.

EDIT: Wait, the walls come and go, must be a problem with the Bitstamp integration.

With all the "tech geeks" involved in bitcoin and large profits to be made it seems like this would have happened already. I can't wait for the P2P and .bit exchanges to come online.

Who is willing to call a bottom?

I'd say we going to at least 382.

at first I bought bitcoin to make me rich, I guess I am a basic bitch.

Traders are sheep to the charts. That's the only reason we are going down right now. Nothing has changed and there is no reason to dump, just someone trying to get a jump on a downtrend that may never come. They will just have to buy back at a loss like 99% of traders.

I love the "Mark K with his dumb fat face, what a fucking dummy" part.

Somebody forgot to close their shorts

For a bear to affect this market they have to have bitcoin to dump right? So how are they a bear if they had coins in the first place? I still haven't figured that out.

Whoever has the thought process behind this chart is just stupid. For this to happen, every coin that was bought since April '13 would have to be sold to bring it back down. Oh wait, we have more fiat on the bid side to keep it from going back that low. Oh, and what about all the people that bought since then and are hodling. So yeah, this is pretty much impossible (unless extremely bad news comes)

PS. Im all in now so CCMF

Are you sure?

Only bad news can come out of China?

Probably the Bitcoin Investment Trust trying to buy at a random time other than Thursday.

Where is Adam? We need a new poll please!

Julian Assange "Bitcoin could establish a new global consensus"

http://memeburn.com/2014/05/julian-assange-bitcoin-could-establish-a-new-global-consensus-net-prophet/

Weak ass bear removed his wall. Choo choo is inevitable.

Decent size bid walls popping up, about a 2K btc wall added at $490.

It's obvious now that some big money players are buying; putting up an ask wall to keep the price in check while accumulating coins and moving up along the trend line. Question is when do they run out of fiat and will the train continue without their influence. I'm thinking if we push over 600 it will continue, what do y'all think?

Weekend dip?

Bear trap?

Retracement?

Rally over?

"Weak hands gonna learn today!"

Time to end this "break from rally to shakeout weak hands"

So boring!

Might as well spend it knowing more is coming in Monday

What is max leverage at Plus500?

Our Chinese friends have crossed 3500

580 on BFX.

My work is done. Bedtime.

I see someone borrowed a bunch of bitcoin on Bitfinex to hold the price in check until their funds clear.

It's spread out to add to the ask depth to not bi obvious. Thought that would be common sense. You don't want to wall it up and cause a panic drop, you just don't want it climbing too much. If you sell off some of the btc oh well, its still better than letting another "whale" run away with the price.

Little fish are scared of whales, whales are scared of bigger whales.


And yes they have lots of capitol on the exchange, they have been buying it for a week now lol

[6/10]

Good point. Never thought of it that way.

I'm surprised there are still almost 6K BTC in shorts. I guess they weren't around to close them in the dip to 550. We need a quick hard push up to close them out and keep this rally going.

During the last "bubble" under 2K BTC was borrowed. It hasn't gone under 5K since February, even though the trend has changed since. The rates aren't any better now than they have been in the past, so no need to borrow for the future.

http://www.bfxdata.com/bitfinexLiquidityBTC.php

600 in 6 hours.

Hurry hurry! Sell before we go to 600 lol

How about bitcoins and satoshis? It's hard to get confused with those two denominations.

Whoever is selling right now is getting played. I haven't seen any TA showing this is the right time to sell.

Unless you have so many coins you have to sell 24/7 or you are Satoshi keeping things in check, I don't get what you are trying to accomplish.

You have been around for 3 years, seems like you would have bought all the "cheap" coins you need by now lol

soon my friend, soon..

Where is Risto? He would probably have a good guess.

That's exactly what they wanted you to do, so you wake up to 600+ and have to buy back in at a loss.

We wont break the record for longest thread without talking about Jorge!

Insert moon pic here

630 putting up a fight

Hurry up dumper, get on with it. We have trains and moons to get back to.

Next stop 650?

Come on Willy eat that wall.

Haha, that's fitting.

Thanks for the discounted coins Mr. Bear Whale.

It's so calm before the storm.

That wall should make things interesting.

I wonder if the dump yesterday was in anticipation of money coming in. Most of the dump yesterday was bitfinex and leveraged trading, so the whale didn't dump his own bitcoin. He just borrowed, dumped, and then bought them back at lower price, the result is gains from "shorting" those coins, and now gets to buy everything from 630 to 680 again.

We need a 3K market buy and tell this bear, his walls, and his dumps to fuck off.

Whats odd is that the wall got eaten so quick, as if Mr Whale Bear was sitting as his computer waiting.

Fake sell walls everywhere! 2K wall on stamp, nah, only a few hundred were real.

.01? Never.

Manipulation.

Ask depth to 700 is stacking up. The bigger walls the harder they fall.

Definitely didn't sell at the bottom. I'm all bull here if you haven't noticed.

I suspect some whale will buy his own coins to to start the "choo choo effect". It wouldn't be the first time.

You guys need to wait for me. I have 2 mil on the way to the exchanges.

Buy 2000btc to $680
Sell 500btc to $666

Buy 2000btc to $680
Sell 500btc to $666

Buy 2000btc to $680
Sell 500btc to $666

Gain 1500btc every time without moving the price much.

But the amount of money borrowed is continually going up

Someone buying off exchange doesn't want the price over 700 me thinks.

He is being a little bitch me thinks.

PUMP AND STALL

Another Bitfinex dump. With fresh walls back to 670.

Gonna have to dump 10 times harder than that to close out my margin 

What ya thinkin Adam, 10-20 minute sale?

I think I am about to double up at these prices. ~620 is at the bottom of our current channel.

Such a short drop is not going to close out margins, sorry.

Watching 6100 btc in shorts getting squeezed soon should be fun.

Around 2K was opened during the flash crash. It's almost impossible to know how leveraged they are and what price they opened though.

I suspect if/when we break 680 they will start closing in large amounts.


Edit: 200 btc in shorts have already been closed. They probably realized they shorted at the bottom.

The net amount left of btc that was shorted during this flash crash is almost exactly the same amount of coins on the ask side back to where we fell from.

This manipulator is getting on my nerves. His walls aren't even real.

I consider it a good sign, as I think it is someone keeping the price from MOON! so they can buy more. When they are done or overpowered we should move up. Nobody puts up sell walls, real or fake, other than to stall. If they wanted to cause panic then they would dump, if they wanted to sell then they would spread it out.

This is pre-bubble.

Oh look that huge wall that was at 660 was fake / got pulled.

660 -> 642 -> 700 -> ?

Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.

Thank you!

RALL-Y! RALL-Y! RALL-Y! RALL-Y! RALL-Y! RALL-Y! RALL-Y!

Yeah.. Move it or lose it Wally the wall man!

It's funny seeing people, who weren't even around when this thread started, posting about it's content and rules. Almost as funny as the couple of bears who just came out of the woods once the price had stalled calling for a crash.

-----

On another note, since we didn't rise this weekend and didn't fall I expect new money coming on during the week to finally get us moving up again.

This thread was started because the other thread's page numbers were formatted terribly. This thread is already 7 times the size of the old one. I do not think he will be starting a new one, as this threads page numbers at the top are compact. The other thread, most of the time, showed every single page number at the top and bottom of the page, and took up most of the page.

Umm, no it isn't. 1d 3d and 1w all GREEN

Well those buys broke out of my wedge, it will be interesting to see if it just gets knocked down again or is the start of something early.

I can't wait until this manipulator is done at Stamp. Keeping the price $10 lower than BFX and Huobi.

According to Bitcoinwisdom, the week ends in 26.5 hours. Should we expect a push up to try and close out the 1W MACD in green?

edit: utc timezone

Umm I got it... Thanks Adam!

Whoever keeps scooping up the coins from this Beartard on Stamp is going to reap the rewards.

Lol, I felt it was too off topic so I deleted it. And yeah I saw that one. Either someone is very generous at giving, that was a mistake, or he sent it to himself.

Here is mine. At least I got my hoard investment back!

http://bitcoinmegaphone.com/1BqL8sJ76nSHHiQKVJcQkZoYAUwr7D6UFB/

LOL


 
http://bitcoinmegaphone.com/1ETU7mckqVd5iutcXNSEhfWUy5kgaiozCD/

Cheap coins for everybody!

EDIT: Only Bitstamp

So this joker only has enough coins for one exchange? Ha! Weak!

+1

Haha, you are funny!

I would pay a good amount of BTC for fonzie and his troll friends heads on stakes. This thread would be so much better without their stupidity and ignorance. Hell, the world would probably be a better place if they are that stupid in real life.

All this dumping and the amount of longs on Bitfinex have increased! Just as I thought they would.

Well some people here were saying that we wouldn't move up with all these longs attached. That some whale would probably try to squeeze out all the longs by dumping, and buy the cheap coins that would be squeezed. Well it hasn't worked so far, so will the whale keep dumping or give up?

Personally I don't think this is what's going on here.

I have a hunch that someone is in the process of buying the seized coins that are on the move and they are trying to keep the price down on exchanges since they will be buying off market at some price percentage of market value. This person may have only had an account at bitstamp, or maybe bitstamp is the price they are going to use. The people who do arbitrage have done their part to make money on this gap. If this person was dumping for other reasons, say to cause panic or to cash out, they would have done it on multiple exchanges to save a shit ton of money.

Its either that or a bear trap lol.
But who knows? Now, we just wait and see!

I just bought more coins. Time to go up now.

thnx

Found this on Reddit regarding the longs on BFX

Lol, I sent some coin with a new public note saying I was the FBI SR buyer.

EDIT: Damn somebody messed it up right after me.

FTFY

You can tell this is mainly one person selling because he keeps moving his wall down during the big dumps.

This is just what we needed, for all the people on Google and Yahoo to see bitcoin crashing on the first days of it being on their websites.

Thanks you dick!

Called it!

This selling could be to raise the money I buy the coins, as they will be cheaper than market value.

25 million USD in longs on BFX now... Long squeeze denied.

Now that we are in reverse it is only a matter of time before someone arbs by buying up all the cheap coins on stamp and dump on the higher exchanges. Equilibrium looks above 600 as of now.

I bet the auctioned coins go at or over market price. The savings of slippage along with the fact that you are getting the most "legal" purchase of all time is huge.

Over 70% of the longs were opened at UNDER 450! Yes that is impossible to know for sure, but around $17 million in longs were opened before this run up, so if they did not close them out (I didn't because my return swap is only .04% until July 11) then we would have to drop well below 340 to squeeze them out.

I hope wallzilla at BFX did his homework and knows his risk/reward ratio before dumping his coins. Just because you are a whale, doesn't make you smart lol.

I see the fake sell walls are back

I think some of the whales are taking it easy until the end of the month. I think all the losers of the auction for the SR coins will be buying on and off market soon after, and get in the game before it is too late. At that time I think its safe to say they will start the rocket; no need to jump the gun and waste fuel in the meantime.

http://gigaom.com/2014/06/18/bitcoin-gets-its-own-bowl-game-thanks-to-bitpay/

I'LL BE THERE!

Reading all the posts from today was painful.

Can we add a CopyCat tag to users who obviously are copy cat trolls of other users, kind of like the scammer tags that are given out?

I used to feel really "undereducated" compared to some of the users in here, with their big words and fancy lingo, but the truth finally came out that some are just are plain dumb.

I have maybe 3 people on ignore, but I see I have some work to do now to get rid of all the noise in here.


PS. Thanks to all of you that post proper TA, charts, and useful information. (although this post contains none of that)

You sure do whine a lot. Did you get burned at BFX and now think its all their fault?

Looking at the bitfinex data very few shorts have actually been closed. Not sure how often it is updates though on http://www.bfxdata.com/bitfinexLiquidityBTC.php

I think it is someone just buying some coins while we are down here.

When does the week close on BitcoinWisdom?

The Manipulator is going to have try harder than that to close the 1W MACD in the red.

Interest rates have been falling since mid month. Also, you don't have to close your position to close your lend rate and receive a new rate. I have held the same position for about a month now, but when I see a lower rate I move to it, and now average around .06% which I consider dirt cheap to have a front row seat for when the price turns up.

Watching all of the bidders who sold and lost, and all those who panicked with them, buy back soon should be fun.

Everyone should move up their asks to make them pay a premium for their mistake.

Yeah I don't see SecondMarket and others who have millions in coins already buying bitcoin, it so uncertain in the near term lmao!

If every time I bought a diamond the price went up, then I hear of this really legit seller thats willing to sell me 30,000 diamonds at an auction without the price going up. But there are other buyers at the auction, there is no way in hell I am going to send in an offer lower than market price. I would be guaranteed to lose that auction. So what would I do, put in a bid for 10% over market for 3k of them, 8% on another 3k, and so on. If only one of the bidders goes over market price, then guess what? THEY WILL BE SOLD OVER MARKET PRICE. All it takes is one smart guy (in my eyes) or one stupid guy (in your eyes) to bid over market price. I'll bet everything I own the smart guy with a higher bid (over market) wins.

No, only if they find Ross guilty and prove that all of those coins came from SR profits. I would love for them to sell these coins sometime soon, but it may be a while. After these 30K coins sell for a premium I can only imagine what the 144K would sell for. By then there will be a lot more buyers lining up to buy a chunk that big.

So who sells near the bottom of the long term trend line and why?
Besides all the weak hands who think the price will tank because of the auction 
Does someone think that lowering the market price will somehow give them cheaper coins at the auction? Its not like their bids are entered as +/- a certain percentage of market price. Maybe they think they can fool the other bidders by hoping they look at the price and adjust their bids from there. But no bidder is that dumb.

I speculate purely on news and overall phycology/sentiment. This can't be news, and the consensus around here is 50/50 on the auction coins. The only two things I can think of is everyone is waiting for the auction to end, or manipulation is trying to get coins from weak hands.

Any insight from you folks that I might be missing?

Where is this forum? I would like to see whats going on over there!

I figured more bots would have sold since the 1W MACD just closed out in the red.

Weak hands maybe?

Fearing a drop soon to only buy back later at a loss?

Obvious troll is obvious. I can't wait to hear the actual auction price and we move on so you can shut the fuck up. You are worse than fonzie.

Or he/she can just leave the forum for good.

No need to use that ladies. Daddy has all the bitcoins you'll ever need right here    PM me lol

Come on buddy, nothing wrong with going down to 560 for a bit (30% chance of happening for me). You have been here long enough to know its just a small bear trap on the way to the moon. Volume is built upon weak hands and bad traders, let them sell now lol.

It's not letting me buy on bitstamp thru BFX like before. Unless BFX has an automated bot that does it for them. I haven't seen any news on it either.

Bitfinex never got an ID for my registration. Although I am not fully verified and I take my profits in bitcoin and they go straight to paper wallets monthly. Im sure to set up bank accounts and such requires ID but not for bitcoin/litecoin in and out only.

Most people in this thread seem confident, but let me just remind you all to prepare for the FUD storm that will be coming in the next 48 hours. This would be a prime time to induce panic selling using fake auction news of course.

$1800 is a bit high. I was thinking 750 - 1100 for most of them. Although it would not surprise me if one block did sell for $1800 just as a publicity stunt.

Move out the way Wall-tard!

I don't see a crash. Am I missing something?

How could they let people know they lost already when the award process is ongoing? You have to pass the background check before the auction so that can't be it. I bet someone won all the blocks of coins at a high price, and if I am not mistaken, I read or heard they were selling them in chunks so no one entity could turn around and sell them. I think it was on the news clip that aired right before the auction. My guess is some bank bought them all and they are trying to revise the rules, to whose benefit I have no idea.

$650 on stamp should fall pretty soon. Huobi is acting like it wants a go too.

Just wanted to publicly pat myself on the back.

EDIT: I also give less than 1% chance this entity will sell anytime soon.

Maybe the btc-e seller didn't want to miss the bitcoin train. Selling 100K LTC might have taken too long 

It was telling me that the last 2 days. Pretty much there is no more "loans" available, and that all the longs available have been taken. I had to wait until someone sold off when we dropped to 640 the first time earlier today to be able to go long. You just have to try it from time to time and hope you catch it.

Who is ready for the weekend pump?

My bids were filled. Thanks panic sellers!

Manipulation... Duh

So you are saying that if I sell my coins now I can give up the chance to make amazing profits that can only be had in bitcoin? That sounds great, I think I'll sell my 400 coins now before we go to the moon. I would hate to sell my coins for $5000 when I can sell them now for $630! I would much rather have $250,000 than 2 million.

As FUD becomes less and less effective, manipulators will become more and more desperate. I am anxious to see what they do next to get cheap coins from panic sellers and bad traders. I suspect most of the asks are piled up by the manipulators to keep the price down, therefore there is even less liquidity of coins to buy than we think. If the manipulators removed their asks it would be pretty scary how thin it would be, and the price would probably rocket as we eat through tiny ask walls.

"Manipulator" sounds like a bad name, but they are only trying to get as many coins as they can without the price moving too much, and who can blame them for that? Its a whale eat whale world in bitcoin, so it will only work until another whale comes along and eats all the asks up.

The Winklevii ETF "COIN" to be activated on the 11th

Manipulator on bitstamp is trying to create panic sells near the trend line by putting up huge sell walls. Good thing is its not working. I hope a whale comes along and takes his damn coins from him. You can tell it is mostly one person because he keeps shifting his asks around, as seen on bitcoinity.

Dear Institutional Investors:

Dat Liquidity    
You can buy 20K BTC average price $675, without pushing the price to $700USD across exchanges.

Sounds like a deal to me!

I became a Hero Member today. Prepare for takeoff.

I just noticed the 1W MACD, after the last few bubbles, it would finally turn green then went back red for a week or two then once it broke green the second time the next bubble started. We have only gone green the first time since the last bubble. That may be holding back some TA strict whales. That doesn't necessarily mean it has to happen, as now I think the market participation is so big people will try to jump the gun and may keep the MACD from turning back red. All it would take is one whale to dump and make it red, but who would take the risk?

Anyone in this thread know when the Winklevii can legally announce the launch date of their ETF?  I heard they cannot discuss the launch date yet, so will there be a heads up or does it just go live one day?

No. He even said his security wasn't all that great. Passwords in a plain text file that was in a dropbox, which the password to that dropbox was not changed after heartbleed.

https://nxtforum.org/general-discussion/price-speculation/5480/?topicseen

Most info is on that thread. They seem to think the 1170btc have been sold already. I guess they timed up the confirmations needed at stamp with the dump from earlier today. Although the coins might still be at the address, doesn't mean they weren't sold, just that bitstamp hasn't swept that address yet.

Is nobody else convinced to buy? Maybe once we break 654.

How dare you push past 630 without the manipulators permission!!

The manipulator's walls aren't creating panic, and he isn't pushing the price down to buy, because there is very little buying going on. If they are profit taking, why not remove those ask walls, let the price rise then dump for better profit? So I'm going to go out on a limb and say its an idiot kid who mined 10s of thousands of btc on his gaming computer in 2011, is bored since school is out for the summer, and he is the only one laughing as he keeps the bubble from commencing. I say this because no smart person would still be putting up sell walls for no benefit.

I wonder how the guy that sold a good bit yesterday feels now that we are $25 higher and still moving.

There must be a sell bot I'm unaware of.

Look at the dumptards go!

So you are going to become a weak hand all of a sudden? That's exactly what the dumping is for, create  negative sentiment in weak minds. If they don't have the patience to hodl and wait for the train, they don't deserve the moon.

Nope. I was asking if you were starting to think like the people you were talking about.

And to think that you could have went to most of the games with your bitcoin profits.... oh wait

I think whatever drives the bubble will tell how high we go. The ETF and hedge fund could easily bring us over 10K. If we bubble before that (speculative bubble) we will peak closer to 5K.

This doesn't affect open positions though. I will be getting all I can before the switch.

Ask him if he knows what a laggard is.

I wouldn't call that insulting. Just that by the time he realizes what bitcoin really is he may be too late to reap the profit portion of the benefits it will bring us.

Sellers testing that trendline again. They must be trying to break it to wake the bulls up.

It's working! Buy Buy Buy!

They could have easily sold all those coins. On Bitstamp alone if they had to.

Does anyone know how to calculate the price we would have be at to close the 1W MACD in red?

Sellers are pretty much sacrificing coins now by selling at this price.

A few pages old but...

A couple of week ago I though that this might be that case but lenders on BFX get paid in USD. So they would then have to convert to BTC on BFX and send to Bitstamp in order for this to occur. That would send BFX to a higher price than Bitstamp and this hasn't happened yet. Although I do think some lenders may be trying to keep the price flat as to keep people in their position longer, they would have to have another stash of bitcoin to be used on other exchanges beforehand. There is $31 Million lent out so over 46K a day is being made by lenders in interest.  It does make an interesting tin foil hat scenario but I don't think they are profiting from lending and directly dumping on other exchanges

Edit: Math

ha my bad, drunk night.

They will run out of coins eventually... Soon I think, as the dumps are getting closer together

Buy 10K btc off market, dump 1K on market to drop the price. Buy the next 10K cheaper, sell some of those and repeat until you run out of fiat. Probably on a much larger scale though.

Didn't Ol'boy that bought the auction coins say that he was going to use them for liquidity and arbitrage?

Idiot Manipulator should start dumping any minute now.

Inb4 chart buddy posts 3 in a row

Same here, it's been like that since the first day he started posting. You would think he would just stop posting knowing it always says that.

Just saw an overstock.com commercial on tv with a big bitcoin accepted logo. Niiice.

Who let the dumptard out?

Good. I'm still waiting for a 1W to be red.

Going to buy with some newly arrived fiat and wait for the uncrossing.

If you look back before the previous bubbles the 1W MACD went green for a week or two then flipped back red for at least one week. After that flip, it flopped back to green which initated a bubble. I just like to think of it as final capitulation. It will most likely be the last time I buy until the next bubble, however long that may be.

And https://bitcointalk.org/index.php?topic=705229.0