All posts made by iourzzz in Bitcointalk's Wall Observer thread

Quote from: rpietila on April 15, 2014, 07:44:38 AM

Quote from: Shak on April 15, 2014, 07:19:51 AM

to pop some bubbles: 3320ish on huobi is the breakout point and would prove the breakout of bearish trend started last year - and thats quite a way to go

To this and similar thinking I would say: The large traders are not following these technical patterns, they are creating them.

This thread was started as Wall Observer - previously there were large single orders which formed "walls" in the depth chart. But they have always been erected by the market manipulators, because they are the only ones with that many coins (then BTC10-BTC20k, now even BTC2k is considered a wall).

From my experience I can tell that wall building can fake selling pressure, and force the price down by 15% followed by buyback. At least it did in May, 2013.

If I had 35,000 bitcoins, I could manipulate the market all I wanted, and make money doing so. Hint: it is only 0.3% of world's bitcoins and there are several people who have it, and who most probably operate in the markets.

Please do not consider that Bitcoin market is more free market than any market in the "free market" countries. They are all ruthlessly manipulated to achieve various aims, and the way for you to make a small annual gain in the number of your bitcoins (which actually increases your % of world's bitcoins, because of the low inflation) is to hold, sell high, and buy back low, and not fall on the trap that the "technicals" can forecast anything, because they are fabricated. And be content what you get, and not short.

I so much like your vision. It's really inspiring.

I am not so good in TA, and do not believe in it as much as in impact of any major news including the real and fake ones produced and distributed for manipulation.

So I spend most of my time analyzing events and the development of cryptocoin infrastructure and obstacles on its way.

Hundreds of millions dollars are being invested in it just this year. And this process is growing exponentially. Surely there some forces trying to prevent the real financial revolution that is happening now. But they will not stop it anyway. It's happening!

When on the way of the huge river arises biggest hurdle, such as IRS or Chinese government, the river never stops, and just finds a new channel.

It's not so visible for the general public yet. So the market price can be so easily manipulated.
It does not really matter what happens in the market at any given time. More important where all of this is going in the long time.

I think the point of no return is already passed. Bitcoin is here to stay for ages!

It does not mean we are going to be instantly teleported to Mars. We can easily see many more flash crashes and probably long down trends. But all of this is happening in one long major up trend on it's way to Mars.

So see you on Mars sooner or later!