Kinda glad GOX doesn't have the market now, with China we might have a chance

Kinda curious myself, can't explain it. Doubt it was a n00b how many noobs you know who throw few mil worth of coins around?

Well the only reason i can think of why someone would try to sell BTC10k around midnight US east coast time (and 0500 - 0600 in Europe) is to manipulate the market. Think we can all agree that if he wanted to cash out he could slowly sell of in smaller chunks and get MUCH more $ out. The sell brought gox down from 590 to  500 and subsequently to 475 on lower volume following up. If the goal was to induce panic so the whale could reenter at lower position think it's safe to say that so far he failed as the market held out pretty reasonably so far, and i feel will recover soon. Now if Gox had 70% of the market as in April this would've been much uglier. So unless the price drops down to $400s that manipulation stunt will cause our whale A LOT of $, and hopefully will deter other a$$holes from trying to manipulate the market (and we can get back to a more natural mass panic snow ball effects instead of one person instigating the avalanche) just my 2c

1-Yepppp
2-Desperate for 5MM? Happens to be at the time when most banks around the world are closed? Extremely unlikely
3-Possibility, but it's already been few hours after the market sell and no news, so he could've at least spread it over few hours. But a day or two should show for sure
4-Yeah, but again why dump all at once like that at odd hours coincidence?
5-No way to move such amount across exchanges, and highly doubtful that he had the same amount at other exchanges to cover. And arb been there for some time no reason to do a market sell
6-always an option, but how many crazy multi millionaires do you know who throw money out like that
7-Timing just makes this too unlikely.
8-True, but if i tried to pull this off i'd be betting on instantaneous panic, plus that wall BTC1.5k wall was a BTC1.7k wall at $533 and got moved back once people started to go at it. Smells like intimidation tactic.

9-FBI cashing in on those confiscated SR coins? 10k down 40k to go?

Can't help but feel that someone is really trying to force the market down and throwing a lot of $ at it i286 showing wall going up to BTC5k at $620 so far they've been unsuccessful at instilling panic lets see if the market will hold

Satoshi
But yeah stuff like this keeps me awake at night

Someone is really trying to cash out at GOX before monday. He's doing it right in steps though. Probably thinks there'd be a bloodbath on monday during banking hrs when all other bears will start dumping at max liquidity.

Is BTC200 considered a whale now?

True, still thinking at two weeks ago price. Plus this is like his 4th BTC200 order, at least he's just feeding it off instead of just doing one market sell

I'd be the first one to admit that i don't know but feel that on Monday it's either gonna go up cause of new money coming in, or go down because of a sell off from people who couldn't cash out on the 18th (last monday). I tend to be bearish but feel like once it recovers past 900 we'd fly past $1000 (china already traded well over $1100 at its ATH)

I can get a wallet going. And i charge 1% for my escrow services 

I am impressed at a a volume changing hands at GOX without moving a market almost at all kudos to the seller cashing out

lots of $$ changing hands, just the passing of the hot potato

That'd be pretty dumb and would only enrich the exchanges. exchanges would have all the bitcoins at 1% commission in like 5 years

That was kind of awesome but eventually uneventful. Will keep sliding back down unless another whale comes in throwing lots of $$$

If BTC6k didn't get bulls running how much would it take?

And so much for all of that TA, all useless when on person can move a market 10%

All of a sudden i get a feeling that it's only a handful of people with shitloads of coins battling it out between each other, and everyone else is just on a sidelines watching.

Kudos to the bull whale it takes balls to drop $4.8MM like that

Gox is leading some whale has been throwing a lot of money at it. btc-e just follows blindly stamp is resisting a bit

Mr. Gorbachev, tear down this $875 wall!

  Huh didn't think of that. Interesting theory but i tend to think that there are cheaper ways  to cash out at gox, especially for a whale.

So you're on btc forum betting on btc price, but the bet is in fiat?

Is bitstamp completely out of money? They can't keep their head above $900. Is that cause everyone is cashing out?

Bitstamp needs to pull up a bit, people need to reload at gox and get that warm feeling that stamp got their backs (and not trailing $100 behind) and start climbing to $1k of course the dragon would help too but they're doing they're own thing

Watching bitstamp is painfull, stampers need to hurry those deposits 

Good for you do you want a pat on the head? Can you go back to the troll box with this stuff?

You can zoom out here http://trading.i286.org/

I don't have an issue with people talking LTC in terms of its effect on BTC. But bragging how much you made with LTC is just pumping and belongs to a troll box with the fontas crowd

There was one that i liked a week back showing that we were entering a pterodactyl pattern

Weeeeeee choo choo ?

Someone running away from LTC to safe heaven?

Any clue what's going on over there at BTCChina? can't be just lag on Sunday

LOL statisticly you guys should be 50%/50% on your call how do you manage predict less than 50% correctly is beyond me  

NM unless you bought back in within 30 seconds of typing this up you lost $$$

Gox clearly followed BTCChina on this one, think it's clear that it wasn't someone at Gox trying to manipulate anything. Now why would someone in China decide to drop so much BTC on sunday is another question

Doesn't make much sense to me. If that person tried to manipulate the market i think he lost out. Plus why would a whale even try to manipulate BTC at this point when it's so much easier and much higher chance of success of doing that with LTC? There's enough volume to discourage manipulation of BTC now think we already observed few "wales" getting their ass smacked trying to do something similar.

Silly question. No idea if goat is wealthy at all, but i'm assuming diversification, and if he did get wealthy jumping on a coin in the initial stages (BTC LTC) the question would be why NOT do it on other alt coins?

First sentence from streetinsider "After reaching an all-time high of $1242 last week, bitcoin is feeling gravity today and the virtual currency is trading down 7.8% to $998." Umm i'm not a mathematician but those numbers don't add up

Yeah but the fact that he tried to tumble 96k and then put it together back in one wallet doesn't give him much hope. How many wallets with 90k+ balance do you think there are

Is it... a dragon??? It's a dragon spitting fire isn't it?

I can see it being useful if someone wants to play with altcoins but i wouldn't hold much money in there. When btc-e will go down it wont be pretty

Wow BTC-e is just 6$ from stamp  what's going on with that? People stopped buying altcoins? Or started to trust btc-e more? Or it's just a bitcoin world where nothing makes sense

Someone trying to crash btc-e? look at btc orders

Look at those half a mil sell walls, huge volumes wild wild west. I'm not a conspiracy theorist but looks to me like a HUUGE coordinated manipulation attempt on Friday at Gox. These are not a bunch of sell orders where the market is panicking. It's few huuuge multi million sell orders.

http://trading.i286.org/ showing a sell going into BTC6.5k and keeps going is it a loop or for real?

Went all BTC, no cash left to buy up should be an interesting weekend

I'd like to know too   but somehow feel the response would be oh i jumped back in 2seconds later before prices went up  

Well looks like so far the biggest looser are the BTC5k sells from 900-800 within 15min, so far with no option of reentry without a loss. Clearly another manipulation attempt at Gox, As much as i disagree wiith Gox's "security feature" that stops the trading at huge sell drops, can't argue that it prevented the panic this time around. It'd really hate it if i was the one placing that BTC624 sell order from 810 to 800 , 30min later there are BTC2k coins waiting to be bought between 920 and 850

I bet if you had few millions, and wanted to manipulate the market you would think twice now before dumping at Gox. Or be crazy enough to trust such huge sums in other exchanges? Not saying that it's good thing and i'm afraid to think what would happen if there was a more natural huge sell off and this feature kicked it preventing Gox users from exiting, but you can't argue that it's a not huge deterrent for massive manipulations

BTC-E was the highest at one point. And still is higher than stamp, no idea why

Someone having a BTC1mil or a group having BTC1mil (AHA) bothers me more than BTC crashing to $200. Hopefully this is them cashing out and not manipulating to rebuy even more

No, just no, unless of course it was a retarded great whale who decided to loose few million dollars

This is becoming to sound more and more like troll box where everyone claims to have bought in at 580!

Huh yeah that ASK wall was just eaten. Think people saying the price should be higher, unless of course it's the manipulator eating his own wall  

And the biggest winners in these bubbles/corrections are... EXCHANGES no higher risks, but probably sky high profits on shit loads of volumes when sheep panic not knowing what to do constantly buying and selling few cents apart.

Looked at chart and saw a 500 sell order right  after i read this. Are you trying to anger the BTC gods?

Kinda crazy to think that they guy with the wall at 650 is the only thing that's holding us up now

also 2k waiting to buy till 650 seemed to stop the last attempt

plus china pulling out seems to give more confidence to bulls. If it'll hold tonight tomorrow might be fun

Or never see it and enjoy those pics of guys running behind the train 

Just the Russians closing their doors and leaving with your BTC a la Sheep Marketplace style. Or someone closing their bank account etc... with the same results, without any known person or company to follow. People bitch about Gox (and for good cause) but there's a reason that it's the only place where all of the big whales play at and every other exchange follows. Even after stopping all USD withdrawals, and a month SEPA withdrawals they're still like #1 (or so) exchange, think about it

Umm i'm an idiot for not wanting to trust my money to some unknown entity with zero liability? Ok i'll take that. At least if Gox decides to do something stupid we all know that Mark will end up in jail that's a good incentive not to get hacked. With btc-e ...? Not saying that they're defrauding now, and that they're Russian have little to do with anything, i like to know who i hand my money to. With that said i do trade there now and then but withdraw often and try not to accumulate any significant amounts there which is a PITA

If you want USD that's the ONLY way to get it out of Gox

You're delusional if you think there are no bad news that could bring btc down. 90% of it's value is speculation. Things like exchanges going down/getting hacked (looking at btc-e), protocol issues (big hard fork), any news of some retards getting busted for something illegal and getting paid with BTC (think child pornography rings, some dictators funneling funds to repress ppl) negative press, one of those BTC100k wallets getting hacked and dumped with one market sell (sheep), some senator in US decides to make a career by fear mongering against BTC etc...etc...etc... Hell look at the catalyst of this crash apparently it was the not so bad news from Chinese. I'm long on BTC but don't fool yourself thinking there aren't any risks  

Catalyst - an agent that provokes or speeds significant change or action.
Yep agree, in fact the market didn't start crashing tell well into what like the 2nd day of the news

Somehow i think all those TA with triple bottom cups didn't account for one dude just coming out and buying up everything in sight at BTC3k

Can't say that i'm not happy but it bothers me how young and iliquid (not liquid?) the market is when one order can swing it like 12%

Kinda bothered but these swings  

I fail to see the point in these huge market buys, sure it could be to trap some sellers but why not to follow up with support there are like 900 coins till 970 now, if you wanted reentry surely it could've been done at a cheaper rate. Why just throw so much $ can't make sense of it

did bitcoincharts.com pull btc-e from their list of USD markets?!?!

WTF it can talk!?!?! Now i've seen everything 

Nike 1k wall @ 920 on Gox, Intimidation or just trying to cash out   hope he doesn't do a market order

Really no one is jumping on this?

Which page was the magic on? Seemed to have missed it?

Hmm i was just doing the math on his initial btc hitting $500 before $1k offer. I guess goat spooked him off before that

I'm just curious why those friends hold many BTC if they know that it's going down

Well yeah everyone here knows with a 100% certainty that it will go down at some point in time. But i read that as rpietila implying that they're bears, and expect it to crash below $500, but yet for unknown reason still horde many BTC

As someone has already posted they'll most likely just auction it off. It'd be very interesting to see what price it'll go for. And probably in one big transaction

Wait a second a communist country with the  firewall of china blocking facebook, youtube, twitter etc... Has two different currencies (CNY CNH)  for mainland and others, and only allows their citizens to withdraw $50k a year out of the country didn't embrace a revolutionary free currency it cannot control with open arms?!?! No way!!! Although to be fair i expected it to be a bit further in the game

I'm not sure maybe someone can answer how friendly communist border guards are, but i for one wouldn't want to be caught with over $50k on a Chinese border

Oh i'm sure it's possible and that's how it's been done for some time before BTC to get around currency controls. If there's enough arbitrage opportunity someone will take advantage of it. e.g. buy gold in CNY go to Hong Kong sell for CNH etc...

Awesome what luck that i was just considering picking up about 40k coins  

Must...keep...above...500...to...keep...Risto...awaayyyy

*clap*clap* nice play on top of the Chinese panic.

Off to bed can't buy anymore till the fiat makes it through the banks. All in, i wanna see 800s when i wake up. Where's that quote, step away from your computer go to sleep, and you'll thank me in the morning when you need one?

So can you share the purpose of your trip there? Assuming you didn't just bring 5 suitcases of cash to Bobby Lee? Talk to your investors?

They got movable toilers there? Or is it just a chair that goes on top of the hole?

Pffft yeah i'm sure everyone in here sold at 1242USd and rebought at 455. Easy 272% profit! Sure market lost billions in cap but i'm sure everyone is a winner here. Now please do tell us of your TA/magic ball predicting tops and bottoms. Personally i just held and rebought a bit

Think of what happened to gox with their goxbucks. Assuming most traders at btcchina were not from china and were there to trade on 0fees. Now the only way to get out of there is by buying up BTC and transferring it out

Hmm yeah what's up with that 2.6k market sell that brought stamp to $550? Is that a glitch cause the market didn't react at all

Interesting so someone eats up the order book with 2k coins and market doesn't react at all. Didn't see these before

His first lambo 

Haha what a joke fontas. Half brained manipulation attempt, at least rpietila puts some effort in his, this just hurts my brain, usually i don't even like to mention him but this WOW

Just like watching paint dry

Wonder what the pre-defined hierarchy of creditors is, and how high are peoples checking accounts are on that list. So as long as you don't own any bonds or have any money in any bank you're money will be taken last?

Why is stamp below btc-e? Even china is above stamp wtf is going even with that lingering BTC3k sell wall on btce 

two whales humping each other on btce?

Let me take a stab at it. All gloom with a sprinkle of doom, 300ish or maybe 200 or maybe double/single digits

Could be just margin calls from finex

He was pretty dumb, so wouldn't put it past him

True, jumping to conclusions but from what i read up so far i'm not impressed at all.

Hope you didn't listen to his last prediction. So he's 50/50 by my count just like a coin

I was expecting to see more missed trains pics myself

Whoa!!! Are you saying there's a chance of BTC not hitting 1mil in 2014?!?! I already mortgaged my house and my family based on your analysis!

A bear whale is getting spanked by a bull whale on btc-e

A bear wanted to manipulate the market in the early hours (and still trying on btc-e) just needed some kind of negative news to play on top of.

I'd like to hear some theories why btc-e is higher than stamp? I can't make sense of it, at some point stamp was even higher than gox. People would sell BTC there to invest in shitcoins. Now... is there all of the sudden more trust in btc-e? Are their transfers easier then stamp? What gives

Missed that one thanks. Still not sure how much of an effect that would have on stamp

Right need plates so the cop can identify it from the thousands of other yellow lambos in Missouri? 

Let me see if i can make that ignore button glow 

Sucks for the bear who did a  BTC1.5k market sell down to 779 on stamp right before the news

I must admit, i was expecting a more interesting reaction to a first major US merchant accepting BTC is it that the market doesn't care, or that 51% FUD and looming jan 31 china news offset the market by that much?

*clap*clap*clap* BRAVO!

So you got it's bigger brother, but you forgot about the big mom in front 

I come to a conclusion that this market is retarded (as in slow) it took it 2 days to react to china news and drop from 1200 and it took a day and a half to react to overstock news

Need more pics of bears running behind a train

1k party try #247???

Same people who bought it above 1K last time, and above 1.1 and 1.2k

Just need one US lemming to foil the canadian plan 

Just had a thought of running a bear sanctuary foundation. Users can adopt their bear troll ran down by market rises and try to teach them how to hodl before releasing them back in the wild

  * At Level of Enlightenment N you HODL. Don't worry you'll get there

Think you're missing the whole point of hodling. Let's just say asking for help when someone (looks like just one person/group) moves market 4% is NOT holding

Umm i see 2114BTC offer available just at 0.0055% and to get a mil in USD would prob cost you around 0.6% that's a 100 fold difference in a rate. What does that tell you? Oh you were just trolling to get cheap coins from noobs sry then carry on

Option #1 Claim it's a bull trap
Option #2 Claim that you rebought at the (insert minimum price market hit after you claimed you sold)
Option #3 Go into the shadows and just watch all the CCMF posts
Option #4 Rebuy and HODL

Huh i keep underestimating the stupidity of the masses.

Is there a way to short dodge? Just askin' 

denied

Willy has little to do with the gap. Looks like gox is having some (unconfirmed) issues with JPY withdrawals. Haven't been processed in few days (they blame on holidays). Now it's much harder to arb thus the gap grows. When/If they fix their JPY withdraws the gap will close. Willy is just buying up coins for some fund not sure how many thousand BTC he bought up so far, but whatever price he gets now at 10-20BTC a pop is still MUCH cheaper than the slippage he'd get with one market buy. So pretty bullish i say, just takes forever to buy up those coins on btc-e and stamp with these low volumes. But one brick at a time the walls will fall...

You were concerned enough about slippage on a 2btc order to spread it over 2hrs. I know volumes are low but really? 

It bewilders me to see such a stable price. BTC was $806 on Jan 9th when overstock made their announcement and now after tigerdirect goes the price is... still $806. We're going main stream acceptance from proof of concept, major retailers jumping on board. Oh well when i can't explain the bears i buy  strapping in for the weekend (it's like XMAS can't wait for it to get here)

Waiting to see goats receipt from tigerdirect.com  

What does mass adoption mean for you? Or you just trollin'

Baby steps Adam. Think we're on a right path. Lets see how long bears can hold us down with China FUD

That, plus anyone knows how much coinbase/bitpay charge merchants to process btc? If it's lower than 3%? credit cards charge merchants will embrace it with both hands as it bumps up their profit margins. Once wall st sees that there's $ to be made and wider adoption they won't sit on side lines.

Frankly don't see why any major merchant would NOT use 3rd party processor right now? They can't pay their suppliers with BTC, and unless they're a bank they're not in the business of currency exchange. It's not their core business so why would they take on additional liability/risk of holding on to BTC? That wouldn't fly well with stock holders either.

x2

Aren't we still just working on the 4th red candle? At least according to wisdom

There's still that possibility. As far the chances of that happening is the current game. In a catastrophic even China would close Huobi and confiscating all the BTC holding, that surely would crash the whole market. Personally i think chances of that ever happening are moderately low (and partially already priced in). Chances of Chinese cracking down on the very first day the new law goes into effect are slim to none. So 31st/1st should be a good day. This weekend shouldn't be bad either.

There ya go bears you got your 800 can we move on up now?

Someone at btc-e is definitely leading this crash. I'm just impressed that someone would trust btc-e with so much $

I don't see panic either, just some whale dumping a lot of coins. Every time huge sell stops market tries to move up on little orders. Lets see how much ammo he has. Still waiting for the weekend though. Can't explain the crash = stuff your coffers

Funny how these things always happen at 1amEST US 6am Europe time   silly manipulators

how much lower what's your target?

It's 0733 in Paris now

Where's Loaded? He usually drops by in times like these with his suitecases

Exactly but it's Friday the Bitcoin inverse day where good news = sell you didn't get the memo?

When 1BTC = 80MM i for one would like to welcome Willy our overlord! CCMF weekend is here

No too early wait till everyone goes to sleep.

Our soon-to-be-overlord Willy is back CCMF

Bitfinex becoming a bigger player every day 400BTC walls popping up there now

Linking SR to Gox? I can see the feds trying to pull it off just because the coins might've touched gox (the only major exchange at that time think they claimed like 70% volume). But anyone else with basic knowledge of BTC would need more than a grain of salt to swallow this one  

Edit: Oh and yeah gox sucks

Maybe a power walk at best  but i loled

Oh sh*t i just cracked his plan. So there was a reason for that ball after all!!

Sarcasm? That's HUUGE well over the normal 10%. Issues with SWIFT, SEPA. And now with JPY, so the only way out is through BTC and even is experiencing issues. 25% and growing hope they can fix something fast

That 200BTC ask wall is starting to get annoying

Edit: On finex

Using wisdom Markets/BitFinex

It's down to 180 now and split up to 110 and 69

It was 400 before not sure where you're looking at. bfx doesn't have that much volume so it's pretty significant for them. But they can unload it to stamp

A better question would be why Huobi is higher than bearstamp (well that's kind of self explainatory) and btc-e

Chinese think that their own risk on Jan 31st is lower than what everyone else thinks?!?

Only if stamp would follow

His name can't be mentioned than 3 times on one page or he'll return!

fonzie do you short BTC if so at what price? Else if you got 0 btc why are you here again?

So you didn't cash in when it dropped to 725? Well keep us updated when you cash it in

Did i miss something? Whats up with a 1k sell at bearstamp?


err btc-e

Ahh  i was zoomed out to 15min never mind not as big as i thought. Regardless and reason for this that i'm missing or just FUD?

Has anyone seen Willy lately? Wondering when he's coming out to play

Nah that's not him

Close but not quiet there. So Winterflosss' have how many BTC? How about the SecondMarket (think i remember BTC70K been throwing around). That's a lot of BTC. At the meeting IIRC someone from the panel asked where they get their BTC, answer was muffled early adopters and other sources. I doubt early adopters are business people and what price do you offer them? If it was me to entice i'd offer some % on top of current exchange rate who would pass that up? And dump say 10% of the acquired BTC on the market. 70k bought, 7k BTC are dumped on market to guarantee the lower buying price. Small price to pay so you get as many coins and hold it from CCMFing. It'll continue as long as they'll be major trades off the market while relying on the exchange rates (what else would you use).

Edit: and for early adopter why sell on exchange and loose on slippage when you can sell for a premium and without slippage

I like how these seemingly random 100+BTC dumps release the buy pressure that builds up

Show me where it says that owners are Russian? Then even if they're Russian, show me that they're located/operate out of Russia? Stop spreading FUD or on ignore list you go.

Did all the trolls from btc-e got scared that their trollbox will close so they're running to here?

BTC.sx bump?

Well that answers for some of the drop. But would assume effect stamp more than gox.

Huh well didn't see that coming 1.5k dump on stamp and countung

We got a BTC5 lil Willy at Gox now?

Billy (Willy's bigger evil brother) is playing at Gox now. ~BTC50  every 10min or so interesting to see if others will follow  or just cut gox's lifeline and let it flow into oblivion as it should

Wouldn't say altcoins, most of them are down. Just the retarded unspeakable one is being pumped. The higher they get the...

Right because people want out, and where will those BTC flow? How many of those BTC will end up with a sell market orders on stamp?

Got to my entry point, started buying with buy orders staggered down. Trolls (fonzie, mah87) start doing the dirty work and herd those sheep in.

That's one thing i don't get, and people still trade there?

Wait wait wait, so you actually went bullish at 580$ and closed your shorts and were expecting the price to shoot up to 650-690?!?! But yet at the same time continued to troll saying that the price will go to $300? Haha at least keep your stories straight and don't claim to cover your shorts that make you sound bullish

Closing short = expect price to go up (however short term)
expect price to go up = bull
Closing shorts "that i could short more @  a higher price." implies that you want the price to go higher.

Continue to troll while covering shorts = troll

Next time let us know when you turn bull again and cover your shorts 

That's alright you're still my #1 troll kinda like keeping you around doing the dirty work

On Saturday?

$400 is where you'll start seeing the spread growing more and more and exchanges stop following chinese. So in a total Chinese collapse i don't see it going much bellow $400 on healthy exchanges

You do know that lots of Chinese travel, have relatives and own property outside of China right?

Interesting hopefully it's the start of flow of bitcoins out of CNY

So you predict a large fall this week or wait no, next week, wait no maybe week after next when that big announcement comes out. You are good  can i give you all my money so you would manage it?

We're above 590 and there are still 2k+ coins to 600. Half way mark to ATH just doesnt want to go down

And over, where's the it's happening gif?

Hmm looks like Chinese are buying up coins again. Not sure how i feel about that 

Ahh 666 recall seeing you on a way down

Would 4k BTC be MASSIVE?

Cause someone can borrow 4k BTC at 0.01% dump it all, start a cascading margin calls from tight margins from the likes of ChrisML's and pick up cheap coins   do it at the lowest volume time to lower your risk of a greater whale swallowing you...Profit

What i miss? Oh we're still at 666 ok going back to sleep

Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%

Spread between gox and btc-e was at like 10% back in the "normal" days. I'm speculating that Finex owners will keep spread at 3% max for now, then once panic calms down bump it to 5% at which point it should be profitable enough for arbers to take over. They only wrote that exact thing on their reddit   i know shocking!!!  

Did anyone find out if the price of the auction is public info and if it'll be released?

Makes perfect sense, the more BTC you want to buy the more it'll cost you. That's why i didn't care much about that syndicate, just a bunch of low ballers, why would you pay above market to get 25k worth of BTC when you can buy it on the market without much slippage. Now if you want to buy 18MM worth of BTC your options are pretty limited, and the more you want to buy the more it'll cost you simple supply and demand. So that's definitely a good news, someone with deep pockets is moving in.

What makes you think that $475 was the second highest bid?

I sort of agree with that. Point being if merchants credit card costs are 3.5%, perhaps provide a 2% discount for payments in BTC

Huh show me a free credit card the gives 3% cashback which is not a set time or category promo.

IF you spend enough and IF you want to stay in that specific hotel IF that hotel is available on that date IF your points don't expire ...  bottom line credit companies are for profit and are making money (lots of it) off transactions. There can be no argument that cutting them out is beneficial, to both merchants and their customers, a more valid argument should be how those savings should be split between two

Pfft wake me up when it's above 10k

If you must ask for a program to WIN a lot of money, do yourself a favor and save your money. Ask yourself if anyone had a magic program that can guess the market why would they share it with you?

2k ask wall after 1k bid wall was pulled? from Huobi. I for one welcome volatility, let there be blood

This is  the only logical explanation that makes sense to me. Leveraged longs on finex were off the charts, a prime target to get squeezed and so they were. Now hash rate is through the roof yet the price is falling. And those huge mining farms that have HUGE daily expenses and need liquidity, so it'll only make sense for them to get squeezed to cause a domino effect. Putting up such walls is not a way to exit position.

Hope you're not flying to Japan this time   you're like beetlejuice only pop up when people mention your name? Or is it the price opportunity?

Last dump was a desperate shorter. BFX shorts went up by about 1k looks like someone a bit too late to a party, calling a bottom

Good, i don't have an issue with the price dropping while shorts are going up. It's the never ending dumps while the short are dropping that bother me

Few options as i see them:
1-He's an idiot/doesn't like money
2-He's a robin hood trying to spread wealth
3-It's manipulation in which case he has to have many more coins to drive the price even lower for rebuy (very risky and highly unlikely at these levels).

Market wants to go up. For 1 & 2 it'll shoot up once the wall is gone. Oddly enough leaning towards #2

Because we can now see the reason for the bear market. One entity with deep pockets who finally showed itself. Market doesn't like unknown. Looks like the 30k wall is it's last hooray...

He hasn't exhausted the buyers. He exhausted what little liquidity was at stamp. No sane person would keep millions on btc exchange for long time. Look at other exchanges even btc-e is above. Even arbs are getting exhausted. There's a lot of people waiting for banks to open to initiate wires. LOADED and goat are probably on the plane to Slovenia as we speak. Again it's possible but i don't think probable for someone to expect to be able to buy 30k coins bellow $300.

The other options i left out is front running the news. Like ETF not being approved or something of that nature.

Just thinking the asset will loose 60% of its market cap? Without knowing something that everyone else doesn't that be a gamble which would put them at #1.

I expect the buying to pick up once the wall get smaller

Nope buying will escalate towards the end, look at the other exchanges pulling aead

Europe is waking up.

Now i can say it, last chance to get cheap coins lets get pics of trains ready  

Right, i'd be more excited if shorts were higher then longs. Longs will start taking profit when we go up, which might cancel out the short squeeze.

$ deposits finally hitting the exchanges, shout see more of this till the weekend then ....

He won't get those coins that cheaply without slippage, people starting to front run him. Someone needs to use the market buy option  

Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts

Great theory...assuming longs wont be closing...

Looks like we have bear sitting on a lot of coins who wants to get rid of them so he keeps dumping. The good thing is market is trying to go up and it looks pretty organic

So there are few million dollars waiting to be exchanged for BTC (with no sellers yet) and you need something else to spin this into bullish sentiment?

Right, so there are always two sides to the transaction, the question is the price that they settle on.

BFX has Billy going at .2

Are we at 666 yet? No, ok going back to sleep

Feels like one entity is buying up coins while trying to minimize the slippage. Buys few thousand coins then backs off for asks to refill and then buys again...

He quickly ran away once that buy wall popped up. Wall wars are fun

Where's the buy pressure  poor bear at stamp has been trying to sell ~2k coins with no takers

This doesn't feel natural to me. Bids are building up and up across all exchanges but no market orders and VERY low volume and stable price what gives  conspiracy theorists ...

Meh just some shorts closing

There are actually a lot of bitcoins trading hands. Good volume so there is resistance/buyers at this lever. But where are the damn dumped coins are coming from  and how many are there left

Right, these dumps are done in a way to liquidate A LOT of coins. Market wants to go up but every time it builds up it gets slammed with huge dumps (usually starting middle of night in US). Smells fishy, the 30k bearwhale fishy. This is not manipulation as with there's no panic and no chance to rebuy lower. This is just dumping tons and tons of coins

Lol think Thomas the tank is another cartoon

Good question, even shorts are covering and cashing in at these levels yet the dumping continues. Lots and lots of coins being liquidated. Think that's the downside of being criminals favorite currency, lots of coins were stolen, and those stolen coins get dumped at whatever price.

As a solution somehow need to convince hackers to be hodlers

Shorts are down to 9k and we're still going down...not good

Why? I can see small exchanges with little volume being scammers but BFX has a good business model and should be (very) profitable (unlike whoboy, how do they make $ again?). Why screw with fractional reserves and kill the golden goose? I think Gox's Karpeles was just (criminally) incompetent/negligent, he had everything going for him market share, name recognition etc... no sane person would intentionally sabotage that.  

So he's bull on crypto currency just not BTC. Which i feel is the sentiment around. I think it's still bullish for BTC, with that logic BTC should still keep going up until something better starts to replace it then we should see the market shifting over to new coin. Then the argument becomes how much is BTC's early market share/adoption is worth, and how adoptable will BTC be. But that just doesn't seem to be the case now, the market cap for ALL crypto currencies is going down. Can we get some graphs of total market cap of ALL cryptos and how much of that is in BTC? I'll bet it's hovering around 95%

It's unhappening, but right like clock work around 0400 New York time on Friday night

The dumping is coordinated across all exchanges. And i've noticed usually starts around the same time. Think BFX held up like a champ, has the healthiest bid side and it's not running. Looks like lots of people moved fiat there in anticipation of a long squeeze

Think we're entering the era of industrialized mining, this will be a cut throat competitive market with slimmer profit margins leading to most of 3600btc mined being dumped DAILY
A kid in a dorm/garage is exponentially more likely to hodl but industrialized mega farms simply just can't afford that. Just need to find a price point where there's enough demand to absorb 3600coins daily

http://mobile.bloomberg.com/news/2014-10-21/bitcoin-miner-ditches-clients-to-chase-2-billion-coding-prize.html

Everything is possible, how probable is the question. No one knows, but if you feel 250 "range" is the bottom the smartest thing would probably be to spread your bids out. Buy some now and put bids all the way down to say 225. Unless you really believe you will hit the bulls eye with this all or nothing $250 approach.

As a bull that's a welcoming sight. Shorts going through the roof without price budging.

But yeah that's pretty suicidal. Don't know what would drive someone to short when we're down like 70% from ATH

Short are going crazy. Make them pay for it  

Annnd BFX shorts are at ATH. This...should...be...goood (or really bad)

For sure unless they're front running some negative news/insiders. It's crazy to short 6k BTC on a feeling, but again honey badger...

Then don't stop keep on selling think it's working

If you're selling you want to minimize your slippage, so you need volume. Instead of dumping on one exchange you split the dumping across multiple exchanges. And of course the other part (like with Mr 30k bearwhale on stamp) is arbitragers (sp?). Bots buy on cheaper exchanges and sell on higher for profit.

Hope you can sleep at night with these kind of thought

Shorts are doubling down about 9k coins shorted in 2days  while longs are only up about 1MM

Hmmm but i don't see the corresponding volume on BFX! As if they're borrowing but not opening short positions? Or possibly just accumulating to dump all at once?

Annnd we're at 18k shorts with no volume on BFX someone is doing something funny

Place your bids low cause someone is about to unleash a huge dump on bfx? 

apples to oranges? USD to BTC

$22.2MM longs vs $6.2M shorts gives a better picture. But we got almost BTC10k new longs opened in the last two days that's like 120% growth (although i don't think i saw all of those borrowed funds hit the market yet! ) so ATH short with 120% growth in two days while market is moving against them VS a typical long volume with maybe 10% rise over the same 2 days period ...

So you're admitting that your calculation are useless?

What if we could make gold out of steel and fly unicorns to work?

Next they'd want to stop illegal online file sharing, oh wait...

Huh  i kept rereading this but it still makes no sense. Sarcasm?

^^^ That is not normal/organic 

Good, real exchanges are digging in at ~$300. China keeps showing dumps with huge volumes, but no one is following and instead we're finally getting decoupling. I wanna see that gap grow!!!!

There are actually many somewhat valid arguments against BTC, he hit on none of them

God i hope at least this new Silk 2.0 idiot at least encrypted his wallets. He was bragging about his security so that'd be rule #1.

I wonder how many time people had to rebuy their own coins. Buy BTC keep them on SR...have in confiscated by FBI purchase that coin again at FBI sale, store that coin at Gox...buy that same coin from "hacker", transfer it to SR2...wait for FBI sale to buy your coin yet again.  

He finally got busted for operating SR 2.0 </conspiracy theory>

should we start a reward fund   dead or alive 

What happened saw dead bears and  porn. Ohh pfft still under 600. Back to sleep i go

Now China is diverging up dafaq!?! When will we finally be free of our Chinese overlords.  

WTF now longs went full retard 

15kBTC were closed on Finex (down to 5k from the top of 20k) that takes a lot of choo choo off the train 

ChartBuddy refuses to accept price bellow 395   it'll pick right up once we go above that

It started to talk again  send it back to hell with fire

  That's the whole point. This is in anticipation of fresh fiat hitting exchanges on Monday after that $475 run up.

Why do you keep saying "This user is currently ignored."? Can't you say something different for once. Ohhhh riighhttt  

My man Draper

Unless he'll volunteer to release them for a plea bargain. Pretty sure prosecutors are not idiots to let 150k BTC slide away

Can you explain your reality that BTC is dead and why you think that there are no more development/adoption? Oh you just trolling never mind then do continue

  Can you stop feeding trolls? Most of us have them on ignore.

If entity wanted to buy 50kBTC how much would it cost with slippage? Can you trust any exchange with $19MM? Here you're guaranteed clean BTC directly from the US gov. Gotta pay some premium for that

BTC over SMS anyone?

How much of VC's $ was injected in BTC related companies at a time of the first auction and how much is there now

Looks like china cashing out.

Ughh don't buy into all this trolling "On Friday, December 5, by 5:00pm EST, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected." http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1
Meaning all those that bid will know if they won. Meaning if i low ball bid
1-i get a small chance to get discounted coins bellow market which i can dump profit $$$
2-i'd be the first one to know if my bid wasn't selected then i can front run the new and buy coins on the market. Or better yet run the syndicate so you're now risking your own money, be the first one to get the news, act on it, distribute news to your syndicates(?) let them act on it, post on tweeter that your bid wasn't selected and watch the buying frenzy profit $$$

Bottom line everyone should get a feel whether the coins were bought bellow/above market by Friday so watching the coins move from that address a week later is pretty useless

So we can assume once you dump in 1hr you'll leave and we'll never hear from you ever again?? Please???

That was said at 19:59:33 UTC at 20:59UTC stamps volume was BTC1.42  at 21:00UTC volume is BTC0.0147 with a price around $379
Glad you cashed out your 1BTC. Don't let the door hit your ass on your way out

Right depends on your definition of low-ball and high-ball looser. Clearly not winning with a bid at $1 BTC brings you little useful info. But if i don't win at say $370 and ALL lots sold above that, that'd be enough insider info to go long at market $375

Guy who was periodically dumping on finex ran out when china decided to go up. Did China get CCed about the auction? Looks like they dont give a faq

"“FBI agents just stormed the building, came in here without a search warrant or anything,” Fappy The Anti-Masturbation Dolphin, a mascot for the group, told CNN."
sounds legit to me

This is starting to get annoying  getting into troll territory

whoboy is trying to drag everyone down, lets see that divergence

  Long squeezed 

Can't wait. BTC3,600/day is a lot for market to absorb. Especially with commercialized mining which i expect dump them like hot potato  

Show me a link for a day where they aren't banning btc

They knew the results last friday

Think that was the last of Finex dumpers coins, now can we go up??

Wow do you consider USD inflation when calculating mastercards transaction costs too?

    Or not he still has at least 500BTC more

Because the intent of block reward is also a method for distribution of BTC. That's why it's only temporary

Interesting, instead of trying to liquidate coins that BFX wall looks like it's just following Chinese rate. i.e. floats up when china goes up even if there's no volume/bids on BFX and vise versa.

Not encrypting wallet that has around BTC200k is as stupid as you can get. Emailing password to BTC200k wallets is just as stupid. Guy was an idiot

Only for people with limited brain power.

BTC adoption is great news. Period. Anyone who argues otherwise is an idiot or a troll.
WTF are people really that stupid? By that logic if newegg, overstock, and dell stopped accepting BTC it'd be great cause now people can't spend their BTC so we go to moon  Oh how terrible it would be if BTC is widely adopted think of all the places to spend it   
Adoption is the best thing that can happen to bitcoin the protocol that it's whole purpose. And good for bitcoin currency in the long run, maybe not as great for minute chart speculators

I think it's been hammered to the ground that that's not a great use case for BTC. Would i go through those steps to buy something from MS? Unless merchant offers incentives like 2% off btc payments probably not. (And i don't see anyone arguing that so can you stop spamming that?)
I know that you keep coming back to that as your main trolling point.

Right now from what i see, the best use for BTC is
-worldwide illegal markets (and i think that's more than enough to justify current market cap)
-money transferrer (pay someone in Asia, send money home to Africa, pay with BTC when traveling to save on currency conversion/foreign transaction fees) etc...
-micro payments/tipping (look at reddit/changetip etc.. how's their volume going)

Would i spend fiat and buy BTC for that? You betchya.

MS acceptance, brings huge endorsement to BTC. Means the protocol is mature enough, getting out of proof of concept phase and into big guys putting their weight to support it (even through BitPay). Think of all the advertisement, shifting people opinions from bitcoin being magical online money for druggies at silk road to now a blue chip accepting it. MasterCard is trying very hard to put a negative PR spin on bitcoin, this turns it around.

And of course there's speculation. MS needs to counter Apple Pay, is this the first step? How about integrated BTC wallet with the new Windows release? To find more use cases that make sense you need more awareness and this definitely does it.

TL;DR it's positive endorsement, free advertisement. Finally know MS stance on BTC and it's positive, so they won't try to fight it, opens huge potential for all new financially viable use cases. Bullish for these reason NOT that people start buying BTC to pay MS.

You are a bit slow today aren't you or not even trying. Let me help you out here, i know that following two threads back can be challenging. I said that "BTC adoption is great news" you brought up an irrelevant point that "Most people who "invest" in BTC don't do it to shop at Dell & NewEgg." as if someone remotely argued otherwise but no judgment here, so i naively followed that with explanation how your case is irrelevant and pointed out other cases to support my initial argument that "BTC adoption is great news" you got confused and started posting pictures of ponies. Can you follow that or would you like me to explain that with pictures?

Good point. Although i would find "i know you are but what am i" reply from newbie just as intelligent but more entertaining. Don't let me stop you continue with your trolling...

On ignore you go, i really did try not to all this time, posters of ponies and Chinese propaganda will be missed

But I don't mind bears at all, as song as they have valid points. It's the "XYZ is why this event is bullish, no it's bearish because I like color yellow" trolls that are just annoying to talk to.

Someone is cashing out big time on finex

Over 2kBTC new shorts on Finex at least bulls got that going for them

22MM in longs is starting to bother me  , luckily shorts are almost out of cheap coins

How much did you sell it for?

Still got a long way to go ~$22MM in long vs ~$5MM in shorts

Which is ...

If 320 will fall on Finex this will sting a bit  

Well that's one way to stop the dumper. Stop processing blocks  with over 1hr between blocks we should have 6hrs of breathing room before he'll get more coins to BFX

Leveraged longs are being squeezed

Shooo on ignore list you go

A noobs very first post is to pump ripple. Do they not even try anymore?    

Go by the lowest activity, and registered time. Those are the freshest 

^^ that. Need an option to short that turd

There's always a buyer at the right price. Plus they might arbitrage. Look at btc-e and how it's above Finex now

You monitor is upside down or you trollin'?

No i think that's not enough, you should use that 200BTC to leverage short BTC 1:3 and market dump 600BTC then buy other poop coins and then umm profit  

If anyone actually believes that it's possible to have a free market without people trying to exploit it
have fun living in this unfair world.

Guys guys i thought we all agreed to sit in circles and sing Kumbaya. So who took my sandwich out of the fridge?

That actually made me lol. On a separate note, is bitstamp going full retard like china with their volume on 0 fees

Hmm i've expected a much higher demand at these levels   seems like no one wants to trade at these prices. Looks like China is dragging everyone down, over 2% spread between Hooboy and Finex. Well the good part is these low prices should fuck up the centralized miners who i'm guessing are behind these daily 2k dumps trying to stay afloat. Free market at it's best

Selling BTC1k is not sustainable, you must have coins to sell coins, sooner or later that source will dry up. Supply of BTC3.6k/day will drop 50% in one year as intended. Both points suggest that bear market will end at certain time even if demand doesn't rise but stays constant, where these points will meet is the true question.

Well yeah think it's basic supply/demand problem. Supply is pretty much guaranteed to drop. So
demand goes up=price up
demand constant,=price up
demand drops less than supply=price up
demand drops more than supply=price down.
Place your bets accordingly. I for one would love to see centralized miners go out of business and start closing farms.

Let me spell this out:

Survival = i can send any amount i want anywhere in the world and get 3 confirmation at around 30min for few cents
Survival != $ X

Hash rate is tied to $ It's hard to get good estimates but i believe that the consensus is that it becomes unprofitable right about this price point.

Trader mentality.

Microsoft doesn't care about BTC price, neither does immigrant sending money back to his/her country, or the people dealing on silkroad 99.0, nor the tippers (well to small degree). Non of them carry the currency risk. At what point the demand for these use cases will meet supply who knows, but it's hard to argue that there won't be any new use cases.

Traders and miners are getting slaughtered though.

Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case.

Lol was my quote just truncated and made into troll food? It's still on the same page. I'm offended by such low quality trolling 

Full quote with emphasis.

Huh a quick glimpse shows all Chinese exchanges having bigger ask side than bid, and  they're all trailing even behind btc-e  finally the dragon is exiting

Not if you bought your equipment which is a sunk cost. At which point you already down on your investment and just keep running as long as cost of electricity < mined BTC.

NO. The supply will continue to be BTC3600 new coins generated daily, which will have to find its demand until halving in 2016. Regardless of hashrate and profitability of miners.

Umm talking about nipple != discussing problems with BTC

Hell yeah lets see those centralized farms pop. I got popcorn

I'm guessing Chinese mining farms are folding liquidating everything in a fire sale

Wow you're the first person on my ignore list due to your very first post CONGRATS!

Yeah BTC-E has gone full retard

It'll do the same thing it does every time, trace a pterodactyl  

Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss

Or BTC farms are getting insolvent and being liquidated causing a domino effect. Guessing hardware providers will be getting squeezed too now

That's the reason why buy. No clear reason for this dump, bitcoin not going away. So if it doesn't die it has to rebound. Buying to lower cost average, think it's rather simple, people been on this ride many many times, smart ones pick up on patterns. Of course non of this applies if you believe that BTC has died once again

http://www.coindesk.com/cex-io-halts-cloud-mining-service-due-low-bitcoin-price/
 CEX chief information officer Jeffrey Smith told CoinDesk that operations would resume if the price of bitcoin climbs above $320

And farms got unprofittable at around $320 and we're at 240 looks like blood on streets to me

NO to "drive" price down they have to buy up a lot of btc and credit people fiat which would be suicide, on top of that it only has like half the volume of Finex or a bit over BTC-E. By the looks of it this is China cashing out big time. Seeing how farms are starting to shut down speculating that it's the mine farm squeeze of 2015.

Stagger buys down to $175 or so and walk away

Any prevailing theories for this dump? Can't keep up with all the posts. I'm guessing the terrorism and the proposed crack down on cryptography in UK/EU served as a catalyst?

Meh been in the works forever plus it wasn't that big of a market to start with. HA they blocked informative websites but not the Russian exchange, politics at its best