Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Jeez another 200k sell wall @ BTC-e. Do these guys honestly think 270 is a good price for their Bitcoins? Or are they just trying to keep the price down?
They'll run out or coins to mess around with soon & then the price will settle at what it should be. I always wonder why people would want to keep the price down, it doesn't make sense. Surely if you have/own BTC's you should want the price to go as high as possible, I know I do. I hope there are many shorters shitting themselves at the moment worrying about not being able to pay their bills 
Shorting BTC has been a fool proof strategy for over a year. Well not any more bitches, WUT you gonna do now
Yeah shorts are really running for cover here. The walls could be protecting of positions, or miners/whales cashing in on the rally. The thing is, fighting the tide of the market is a good way to go broke--always better to take the loss and go with the trend.