All posts made by Awhut in Bitcointalk.org's Wall Observer thread
1.
Post 2031858 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
$117 with many big buys. its 10AM sunday in hong kong. are we sure this action is from the CCTV news piece?
News will backfire. Btcchina sucks, it's a small exchange for pocket change. Withdraw from there is limited to 10 BTC per day.
Chinese can trade BTC now. What's stopping other exchanges from outperforming BTCCHINA? I don't see why limit should stay at 10 BTC with many wealthy Chinese wanting in on the action.
2.
Post 2032704 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
To me, the shallowness of the slope on the "bid" side tells me that the market is headed downward soon. As bitcoins are bought and sold regularly, the fact that the "ask" side is so much higher than the "bid" side means that it is going to take more trading to move is up. The gap will always close, and more than likely both sides will move equally, basically, so the price will move down... Is my thinking generally correct?
TL;DR- Am I correct in thinking that if the slope of the ask side is > bid side then the market is generally headed downward and vice versa?
On the way down, the bid side was pretty steep. I think that's a side-effect of it getting eaten into.
+1
Though I don't think we have the volume to eat 120 anyway so we'll probably see it drop either way.
3.
Post 2040615 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
All this manipulation talk is getting boring/old.
Have you guys consider for a split second that somebody might really want to sell those coins?
I'm confused, if this is a manipulation attempt, then, when the manipulator places his selling order, will you guys also say it's a manipulation move? Or is it a legitimate sell?
Also, all this work pushing the price up, then he, according you guys' manipulation theories, is able to sell at higher price. I hate to burst your bubbles, but if removes the wall there is no market depth to execute his selling orders at whatever prices he has been trying to push to.
Also, if you have more money than what is necessary to manipulate a market, then you can only go for peanuts anyway. Market manipulations usually have strategic/political goals behind. Sinking a small player, build or destroy confidence on an niche, media access, etc. Manipulating to capitalize doesn't really work, if you are the biggest player then you are the most affected by your manipulation.
Just my 2 cents.
That wall will either be consumed (even after a couple of moves) or the money will be thrown directly at executable prices driving the market up. I think the chances of it being just removed followed by a price drop, are low.
Can someone who knows more than me please answer this? Zemario provides the most logical argument for this wall I have read today.
4.
Post 2043172 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Any of the big Bitcoin businesses would be interested in stability, including of course MtGox.
Why now? Gox has been taking $ hand over fist during these last few days and I didn't see any mystery walls then.
There's also a number of people who have 50k-300k coins who probably have cashed out 1-5M. If I owned that many coins, I'd keep a nice chunk of cash on MtGox to prop up Bitcoin as needed.
If I owned that many coins I would use them to manipulate the market and turn them into more coins while BTC is still in the triple and (possibly) double digits. This is the time for the whales to turn huge profits into really huge profits. Once BTC hits the thousands it will not be so easy. That's when the market really needs propping up.
The interesting thing is, the coin dumps have stopped. No one has sold a huge chunk of coins. No one wants to cash out anymore? More evidence the coin dumps are to move the market down, not to take profit.
Or they're simply waiting for the price to go up to take bigger profits. Look, we're going to test 120. Let's see what happens...
5.
Post 2043525 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Well I was wrong. We broke 120 before breaking 105.
This was clearly however cuz of godzillia but all is good.
When I have money on the line I seem to be wrong about 80%of the time. But when I don't I'm right 80% of the time.
Greed must really mess with my head.
The bears aren't extinct yet. I'm not convinced we don't dip again until 125.
6.
Post 2043578 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
I agree it is hard to say what exactly is happening with the wall but manipulation fits occam's razor for me.
MANIPULATION?! On Bitcoin?! You must be crazy!
7.
Post 2043621 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
wall gone
8.
Post 2043832 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
And we are under 120, maybe wallzilla was the only one pushing this up, now free fall?
I want 70$ coins!
70 seems ambitious
9.
Post 2044050 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
And we are under 120, maybe wallzilla was the only one pushing this up, now free fall?
I want 70$ coins!
yeah, that sure seemed like heavy-handed manipulation -- the wall disappeared moments after we broke $120 to see a short selloff (M's coins?).
the funny thing, though, is that it completed the bearish wedge shape... it makes me wonder about the relationship between large players and standard methods of TA.
I think they know that others are going to follow these patterns and take advantage of it. Having the power to make the formations is pretty much awesome control.
And we are under 120, maybe wallzilla was the only one pushing this up, now free fall?
I want 70$ coins!
70 seems ambitious
We will see, I'm willing to wait months. But then again if I'm wrong, oh well
We only hit $79 during the last capitulation. I can't see us going any lower than that this time.
10.
Post 2044684 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Let's not forget that a major bubble popped less than 30 days ago. It took one year for the price to return to $30 after the 2011 bubble. For me the only thing holding us back from the strong downward pressure from the last crash is the Chinese news. People have been squabbling over what this news means in the short-range. What are the implications of this for the months to come? This is MAJOR progress for bitcoin. The Chinese government is most certainly backing bitcoin as we have had multiple media leaks endorsing it. It cannot be an isolated event.
The investors will probably be pretty bad until the bad ones lose capital. Therefore I expect a lot of volatility in the coming weeks.
http://i.imgur.com/0gqLspo.pngWe're actually riding this upper wall. I believe the reason we have not crashed (and appear to be rallying) after we smashed the 120 wall and wallzilla jumped ship is because the market is deciding how it is going to react to the China news. The market WILL react to this positively, it is simply too big to ignore. I see a steady rise upwards that gets refueled on Tuesday when the new money is released (the new investors will be happy to jump on the upswing, and actually, this is quite good IMO. This will act as a catching net and widen the base of initial investors from China. Only good things ahead for BTC
11.
Post 2044731 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
If the CCP's Propaganda Ministry is hyping BTC you can bet your ass you're amidst a pump. It's not some noble endorsement of new technology by the Party's "broad minded" leaders, it's a play. Nothing that comes out of that regime should be taken at face value. It's not a normal government and not a normal society.
Pump or not the price is going up at least for the near-term (that being the pump phase).
12.
Post 2044845 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Let's not forget that a major bubble popped less than 30 days ago. It took one year for the price to return to $30 after the 2011 bubble. For me the only thing holding us back from the strong downward pressure from the last crash is the Chinese news. People have been squabbling over what this news means in the short-range. What are the implications of this for the months to come? This is MAJOR progress for bitcoin. The Chinese government is most certainly backing bitcoin as we have had multiple media leaks endorsing it. It cannot be an isolated event.
Buy the rumour, sell the news. They (CCP) are now loaded, and may be ready to cash out short term. Long term china will be a major playa.
Yes, it will go back sub-100 briefly, goat is right.
When do you see this happening? I would think the influx of investors on Tuesday would necessitate it happening before then.
13.
Post 2044970 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
He might have one, but something I've learned (and read/recognized from J. Krishnamurti) is that we need to "See the truth in the false". In other words, everyone has something to say and there are true words coming from everyone - and quite often wise due to different lives, circumstances, experiences, etc. I'm not saying he is all truth or all false, but clearly he adds a lot to the talk. I listen to what everyone has to say. Sometimes we look for just a "professional" perspective with big words and all that, and then we miss the teacher on the street that goes under the radar. I'm not coming down on you either, just being slightly contrarian.
+1
14.
Post 2045008 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Should we close this thread and make a new one again? It's getting too many pages again.....
Bear propaganda. They want the value of this thread at 1
15.
Post 2045076 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
I don't buy that one - why the triangle is going throught the point at Apr 29 and not Apr 23? The triangle involving the 266 hight was already broken, but now we can have another one starting at the low point and then Apr 29 high and resting on Apr 23.
The way I see it the 266 crash is the dominent trend. Everything we have seen since then has been consolidation from that crash. TLDR It has more weight.
16.
Post 2052932 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
You realize that Bitcoin has always been extremely volatile?
But do the Chinese realize?
17.
Post 2053194 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Looks like 106 withstood a second assault. Can we push through? (yes)
18.
Post 2053411 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Given this stop at $106, could be a triangle developing centered on $108 ?
If so I say triangle is bear
19.
Post 2053539 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
It seems this downward plunge is losing steam rapidly now.
I doubt we will see the 106 wall threatened any time soon - unless someone with plenty of BTC wants to prove me wrong
I expect 110 to be the new level ground for a while. Maybe it's worth buying in now.
The only thing that's lost steam is this upswing
20.
Post 2054658 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
I love sitting on the sidelines with my bitcoins just watching the madness. The debating, the speculation, the sob stories and the cheers. So glad I'm not fighting the market right now.
Fighting the market. What do you call this?
http://i.imgur.com/1AjuBe4.png
21.
Post 2054737 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
120-106 in 4 hours.
Microscopic.
pick one.
22.
Post 2055119 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
approaching 105 wall, GG bulls
23.
Post 2056262 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Holy shit that was a crazy ride. Bought at 103 seconds before it jumped to 111. Don't know what to think now. Still think sub 100s after this thing runs its course.
24.
Post 2056288 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Holy shit that was a crazy ride. Bought at 103 seconds before it jumped to 111. Don't know what to think now. Still think sub 100s after this thing runs its course.
Sell for 109 wait a couple hours and buy back for 95
unloaded half at 110. The rest went for 107. Was kind of panicking
(I only started trading bitcoins 4 days ago!)
25.
Post 2056497 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Next time you wish to panic sell please PM me first and I will buy all of your coins at a nice round number
Hope to avoid it. Learning curve is learning curve. I don't have any prior experience trading. Looking at everything a a lesson.
26.
Post 2057350 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
At least its cool looking.
What if it was a proper 3D image and you could wear the red/green glasses and make it pop?
27.
Post 2057827 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
Someone placing a whole lot of .01 buy orders
28.
Post 2058062 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.56h):
By my estimation we have not left the consolidation pattern. I do not see why we would break 95 as this would be a reversal of the pattern.
29.
Post 2058654 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
wtf is this 113 wall doing here. Someone wants the price down... And here I was thinking we'd hit 95.
30.
Post 2058704 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
31.
Post 2058877 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
Solex you are Bull? If you could buy $90 BTC right now by playing into an established downward trend would you?
(Hint: your answer is also the Market's answer)
32.
Post 2060983 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
you bulls will never learn
enjoy this brief period in triple digits while it lasts
33.
Post 2061008 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
lol he pulled back again and again, what a coward
Don't you see? By removing the wall he allows the price to rise and he sells at even bigger profits. Yall gettin trapped.
34.
Post 2061038 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
you bulls will never learn
enjoy this brief period in triple digits while it lasts
+1
The wall was tested and fell..that means one thing..im not gonna buy yet...i think we are going to go much lower...maybe not today though.
Volume is going through the roof on this fall. Gunna be a long drop. See yall at the bottom
35.
Post 2061121 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
Volume is going through the roof on this fall. Gunna be a long drop. See yall at the bottom
what a stupid claim!
are you even waching?
or maybe only for an hour?
where is your roof @? 10.000 BTC?
38k on the hourly at the beginning of the drop yesterday
16k this last hour
EDIT added a word
36.
Post 2061209 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
so go compare with daily volumes of the last 90 days and tell me something more about roofs again please ...
edit: added a "s" for plural of roof
What you want 70k from the 266 drop? Obviously I am not predicting that kind of movement... At any rate we will see. I'll be happy to be wrong and I'll be happy to be right. I'm win-win at this point.
37.
Post 2061285 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
Fake or real it doesn't really matter. Someone with 8k coins is trying to keep the price down. He's sitting there hoping to get some panic sellers. If he does he'll probably dump 1-2k also.
While he might not want to sell and he'll pull the wall, he's still trying to push the price down. Which means you take the price drop with a grain of salt. It's not the market moving down, it's someone who's pumping/dumping trying to make money. BTC market is small enough one person can push the price around pretty easily. Someone pushed the price up with bid walls twice last weekend so it works in both directions. It could very well be the same person.
IMO the whales
are the market. What percentage of traded BTC do you think they own?
38.
Post 2061433 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
Good point
39.
Post 2064776 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
If we bounce of 110 where do you think we will fall to? 97 was the low earlier.
40.
Post 2064992 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
when did 109 wall appear?
41.
Post 2065200 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
They better sell before the others start
42.
Post 2068780 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
Anyone willing to pay that loser 10BTC/hour will end up broke.
LOL
Based on the guy's track record you can be sure to get bad advice lol.
From what I understand, he's pretty loaded and had some great foresight to get into bitcoin early. You don't get to that point without being a winner imo.
As for the 10BTC/hr, it's subjective and probably worth it to some people because this is a very specialized field so you can't just call up any old financial advisor, and if nothing else, rpietila has the reputation to be trusted not to run off with your money.
This forum needs more love
Man, this is all relative - most of people in here got his money in BTC before the bubble, when price was sub $15 - and we went up to $266, and now we are still at $110... Losing money is impossible, there's a lot of people who is VERY loaded and is not pretending they are some gurus.
Remember that buying the
BTC2,5k rpietila says he has, was just a $25k investment a few months ago (he bought at the end of 2012 I think - not so early BTW). Not a very big deal.
And BTW, people like Smoothie or Goat (just to say two members that write in this thread) have a bigger stash and they dont brag about it.
+1
43.
Post 2077042 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
everyone on the internet is serious all the time
44.
Post 2083102 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
I'm awake for other reasons but you should go to sleep. Nothing is happening tonight and possibly tomorrow as well (lol).
45.
Post 2094470 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
Bitcoins price rise is a process of pulling bitcoins from early adopters in a slow but steady process.
I have nothing about speculators but realize there's a long game at play here for many of us.
Richy drops some wisdom
46.
Post 2098042 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_10.57h):
That wall just got obliterated!
47.
Post 3793758 (copy this link) (by Awhut) (scraped on 2020-04-04_Sat_11.31h):
