All posts made by underground_ in Bitcointalk.org's Wall Observer thread
1.
Post 1954848 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.54h):
slightly moving up in last 2 hours, 1600 wall on 136.
Not sure where you getting your data from, but I see no wall at 136 or anywhere above 121
There's a ~1100 wall that pops up every once in a while at either 135 or 136. It just disappeared again.
2.
Post 1955201 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.54h):
I'm feeling a rally coming on...
3.
Post 1955225 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.54h):
I'm feeling a rally coming on...
Don't bet lot of money on it though yet
Too late
4.
Post 1978381 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.54h):
4-5 hours until bank transfers start arriving at gox.
5.
Post 1981751 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.54h):
There goes 145...
6.
Post 1990174 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
gulp
7.
Post 1995821 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
It's funny to see how the same tactic of the manipulators always works. They start a panic sell with a big sell and then start a panic buy with a big buy. Works every time!
There won't be any panic buying this time, though.
8.
Post 1996760 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
What is the rationale for this "crash"?
Loss of confidence.
9.
Post 1996832 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Miniature bull-trap engage.
10.
Post 1996980 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Asks rising dramatically, bulls failing to get back past 120.
11.
Post 1997017 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
lol bears still jumping into the trap, this is like my favoritest crash ever.
Dude, it's falling dramatically. Get out before it's too late.
12.
Post 1997072 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
HAHAHA! BUY BUY BUY!
Here we go to 87... hold on to your pantalones!
I'd say 87, but, since this is bitcoin after all, I'm going to say mid-seventies.
13.
Post 1997261 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction. And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)
Yeah but if the market just crashed 25%, you have 200k USD of BTC on MtGox, your first thought is "Put up 1.5k ask walls at $115 $118 $120?". You're just deterring a bounce back. If you're panic selling, you'd just sell them. And within 60 seconds of the coin dump? Who see's a crash and walls up the bottom? The size and aggressiveness of those ask walls isn't from people looking to sell into the bounce back. You want it to bounce back, your BTC is worth more. The only thing they do is help keep the price down.
I don't care to speculate what they're there for, I only know that when they show up, the price goes down. A manipulated crash is still a crash.
14.
Post 1998872 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Going back down...
15.
Post 1999947 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Here we go...
16.
Post 2000456 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
5k ask wall at 115.36
17.
Post 2000507 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
that 5k ask wall is so creepy....crept to $114 now
now it's gone.
18.
Post 2001295 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
119 wall remains untested
just like the wall at 121 ( the wall that killed the bounce back ) this wall is purely manipulative, a few good hits and these walls will fall.
someone is using his scary walls to buy your asks on the low.
Someone's trying to get suckers to buy into his walls.
19.
Post 2007147 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Lol. I took a chunk out of the ask wall at 104 and he ran away crying
20.
Post 2007884 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
0.1 bounty to the guy who drops 175k and destroys that dancing wall at 104 ;p
I got some of it.
21.
Post 2007967 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
0.1 bounty to the guy who drops 175k and destroys that dancing wall at 104 ;p
I got some of it.
I believe you, PM me your address you win the bounty.
It's ok. I've got enough coins, now.
22.
Post 2008254 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Well, someone at the rest of the wall...
23.
Post 2008263 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Amazing! Spam with tiny bot orders to hide your huge buy!
24.
Post 2008289 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
THAT 1000BTC wall was just eaten.
Impossibruuuu!
Didn't you understand? This wall was manipulation! You can't just go and eat him!
That wall might not have been manipulation, but the fact that a hundred tiny sells went through immediately after a huge buy is kind of suspicious...
25.
Post 2008336 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
I think we just might head back over $110 today.
26.
Post 2008369 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Ask wall near ATH, brace yourselves for the coming storm..
Doubtful at this point. The $9M missing from the bid side should make any dumper fearful.
27.
Post 2008393 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Ask wall near ATH, brace yourselves for the coming storm..
Doubtful at this point. The $9M missing from the bid side should make any dumper fearful.
As I'm completely new to this, does that mean the price will go up or down? Down more?
I think we're heading back up a little for the short term. No idea for the long term.
28.
Post 2008740 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Heading up!
29.
Post 2011115 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Gah, the asks are piling up again. For a little while, I actually thought the market might be making a reversal.
30.
Post 2011193 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Why are you sad? The lower it goes, the more you can buy with the money you got by selling high!
Because it's too stressful! I haven't had hardly any sleep in days!
31.
Post 2011256 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
I don't mind losing money, that's the game, you win or lose, but I fucking hate missing chances to make it.
What the... I don't even... you should really go to sleep.
Don't do it! It's a trap!
32.
Post 2011355 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Few large ask walls left. Big coin dump coming or they are throwing in the towel. Should be moving back up soon. Nice time to buy.
I'm so confused.
And now this:
http://gawker.com/massive-bitcoin-business-partnership-devolves-into-75-487857656Fuck.
33.
Post 2011580 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
I just wonder what coinlab's two beta clients are going to do with their coins...
Or maybe they're the ones who dumped 10k a few days ago.
34.
Post 2011876 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Anyone else unable to login to mtgox? For the past 20 minutes have been trying, and login button on home page does nothing. Click. Click. Reclick. Nothing.
Same here.
Anyone from inside the USA able to log in?
35.
Post 2011914 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
The login widget on the home page is broken. I was able to get in by going to mtgox.com/login, which uses a different form (I am in USA).
Success!!
36.
Post 2012234 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Couldn't risk to stay without coins, went in at 101.
still little bit short from where I've been today but it's better feeling, yeah
You bought into a bull trap.
37.
Post 2013574 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
38.
Post 2014176 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Asks piling up under $100.
39.
Post 2014469 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
I'm really angry about all this. Bitcoin is such a good idea, to be ruined by such human incompetence. No wonder the financial world seems unconcerned about bitcoin, we will destroy ourselves.
Bitcoin's not going to be ruined. It's just going to lay low for awhile and sort some of its shit out. It'll be back someday, better than ever.
40.
Post 2014635 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
There goes $90...
41.
Post 2017125 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15.
More info.
what will happen to users that don't upgrade
you are likely to be left behind and will be out of sync with the rest of the Bitcoin network.
what the F?
Basically this is just early warning that the same fork that happened in March will happen again if you don't update. Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around. It is just a block size limit increase. This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB.
does that mean they won't be able to spend their coins?
more lost coins?
They'll still have their wallet.dat. Even if they send their coins to an address not recognized by the new fork, the network won't confirm it when they do upgrade.
42.
Post 2017255 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Flag pattern?
Whats that then ?
Does it mean up or down to you ?
up
But only for a few hours. Then down. Way down.
43.
Post 2017470 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
And yet another triangle. Duh ... make that
one hour - not four hours as it says in the immutable image below.
It's already breaking downwards.
44.
Post 2017861 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Does anyone else think that volume has dropped off? If so then no wall-busting power until likely Monday.
We've had crashes on Fridays afternoons (pst) before. I guess it depends on whether or not the people who bought between $79-90 want to risk going to sleep holding bitcoins.
45.
Post 2018105 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
It is getting quiet in my home office - no Clark Moody ding-ding-O-meter chattering away.
Despite the calm, I don't envy big money and their advisors that are holding maybe 25% losses in just three days, with a potential goxlag-blinded Black Monday sell off. That unfortunate group knows that the first one to sell gets the tastiest bids and the last one to sell books the biggest client loss. They cannot sell during the weekend without huge slippage.
That's why I immediately sold what I'd bought in the $80s when we went back over $90. One single whale dump will be enough to get things rolling downwards again.
46.
Post 2018481 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
Yes, but those very whales have been taking recent weekends off. On the other hand, if this is really the biggest and baddest capitulation of 2012, 2013 and probably all of 2014, then yes we could crash big this evening or this weekend.
Because I plan only one set of relatively low risk and highly profitable (should events unfold as planned) round-trip trades per capitulation, I really don't have to pay attention to the embedded day trading opportunities.
Well, things seem to be going exactly as you've been saying for the last few weeks, so you'll probably take much more profit than I will. But as we saw when someone placed a $2.1M market order to drive the price from $220-240, whales are capable of acting just as irrationally and unpredictably as anyone else. So long as there are entities with 10k+ btc it seems risky to me to be holding btc for any significant length of time during the start of a downtrend. But, I'm probably just rationalizing for the fact that my biggest weakness is that I can't sit still.
Thanks for posting, btw. You've been very helpful.
47.
Post 2020294 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
It's a trap!
48.
Post 2020357 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
What is the NEWS for this bull run?
No news. Just a bunch of hungry pigs dreaming of $300k bitcoins.
49.
Post 2020776 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
do you recommend to be in or out?
Going in is probably dangerous right now. I think the rally will lose steam somewhere between $100-120, then fall back down dramatically once the panic buyers start panic selling. That's how it happened in 2011, at least.
50.
Post 2022361 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
I'm surprised by the resistance. No complaints here. Long, slow slide advocates, what are your thoughts?
If it's anything like 2011, we'll see some buying in anticipation of all the money that we hope is going to show up at mtgox on Tuesday. Then, when nothing happens, more dumps.
51.
Post 2022396 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.55h):
it will be nothing like 2011
I think people will psychologically react the same way they did then, and as they have with all historical bubbles. But hey, who knows, maybe this time it really is different!
52.
Post 2023101 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
See what is funny to me is that with no new money coming in for the last 4 days the people who are buying driving the price up now are likely the same ones who sold and drove it down earlier.
The house always wins, so true.
And in a few hours these fools will be panic selling again. An 80% price drop over the course of a few days can have a funny effect on people.
53.
Post 2026177 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
50k btc have been purchased in the last few hours since we passed $100. 12k in bids down to $100. Musical chairs, anyone?
54.
Post 2027705 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
Gox down kinda sorta. half ass
It's been down for me, too.
55.
Post 2027894 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
are we in a upward trend or not?
What kind of time-frames are you asking about?
56.
Post 2039368 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
So, panic sell when the $110 disappears?
Panic sell after he dumps 10k btc.
57.
Post 2039502 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.
I think that whoever is putting the wall at $110 is trying to get the price up to $120-$125 so he can get rid of the last dump of coins he bought at a higher price before the value started going down. We should see some movement as soon as we get to a new high point. ($120 or $125 or whatever it might be) - As the price rises to ~$119 he is going to move the wall from $110 to $115 in order to put even more buying pressure on the market, so that he can get the price over his desired value.
It's not going to make it that far, though. People are becoming wise to the plan.
58.
Post 2039568 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
Trying to keep it from slipping below $115 with a fake 500btc wall...
59.
Post 2039659 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
Trying to keep it from slipping below $115 with a fake 500btc wall...
Stop please
I sold 107 Bitcoin at $116 and want to get them for $114 within an hour.
You'll be able to buy them back for much cheaper than that if you wait for a few hours.
60.
Post 2043681 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
wall gone
Wonder if his real wall was the sell wall at 120, and now we free fall to 90, hmmm...
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.
But the wall didn't diminish in that time.
61.
Post 2043741 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
wall gone
Wonder if his real wall was the sell wall at 120, and now we free fall to 90, hmmm...
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.
But the wall didn't diminish in that time.
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?
That's what I think. But I'm probably biased because I'm shorting right now.
62.
Post 2043924 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
Wall at $120 growing.
63.
Post 2044040 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
I wonder how man hundreds of cursors are hovering over the sell button right now...
64.
Post 2045084 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
I wake up and wallzilla is MIA. Anybody knows at which point he unloaded his coins? Maybe he was the one who sold 2k coins at $124?
He left after it passed $120.
65.
Post 2047859 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
HAHA someone is desperately buying trying to prevent this from looking like the top.
Price drops to 117, and he clears out the asks to 124, hmmm....
66.
Post 2048085 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
It looks like bears are running out of bullets. These are mini sell offs
They're placing asks in hope for another huge market buy order.
67.
Post 2048172 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.56h):
Team red is running low on ammo, folks...
Nope. Just getting started.
68.
Post 2076003 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.57h):
I'm following this dudes, I think they know something and I've that bull feeling again
Just like the guy who placed a 1.2M USD market buy at $230 on April 10 knew something...
69.
Post 2076522 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.57h):
The bid wall at 114 was built up piece by piece to exactly 5k. To me this implies that it is fake.
70.
Post 2076569 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.57h):
aaannnddd.... it's gone.
71.
Post 2077146 (copy this link) (by underground_) (scraped on 2020-04-04_Sat_10.57h):
1000BTC wall appeared at 114.279
It's fake. It pops in and out frequently.