Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254091 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
noobtrader
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November 21, 2014, 01:58:23 PM

Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it
  • manipulation,
  • incredibly stupid,
  • a whale mating call,
  • some kind of a test of market resolve, or
  • the secret best way of selling 500 bitcoins?

It's probably either manipulation, or incredibly stupid. Perhaps the seller knows something we don't, or perhaps he's a retard.

So, now there is two walls. How does that work?

Could be a trick to push the price up, I suppose.

It beats me. Perhaps someone incredibly clever is playing an incredibly clever trick on the market.

Probably the whale who did it managed to sell a few coins fairly high by playing with his walls or something.

i have theory, maybe its all about conspiracy by the cloud miner... you know the one did not have any physical miner, they need to give bitcoin to their customer, so how do they do that Huh buy bitcoin at lower price at the expense of real miner with physical miner. how do they buy at lower price Huh by selling at higher price that is...