Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[esse83]

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

[1714624264]

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[JayJuanGee]

Quick poll: should i use my remaining fiat to buy in now?

We've been going down for 9 months. Why would it stop here? Do you see anybody dying to get back in? I certainly don't.
But whatever you do don't follow my investment advise because in the end i know nothing more than anybody else here.

YES>>> Shroomie.. is getting into the self-analysis phase of his doggiebird existence... 

One thing about shroomie that seems to be consistent is that he consistently complains about nearly the same thing, over and over and over... you fucking dumping idiots!!!!   

[N12]

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

[Sandia]

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

The same for larger market orders.  Part of the circuit breaker system, I guess.

[phoenix1]

Quick poll: should i use my remaining fiat to buy in now?

We've been going down for 9 months. Why would it stop here? Do you see anybody dying to get back in? I certainly don't.
But whatever you do don't follow my investment advise because in the end i know nothing more than anybody else here.

YES>>> Shroomie.. is getting into the self-analysis phase of his doggiebird existence... 

One thing about shroomie that seems to be consistent is that he consistently complains about nearly the same thing, over and over and over... you fucking dumping idiots!!!!   

His mum is gonna get a nasty shock when she finally gets her basement back

[JorgeStolfi]

Looks like the Butterfly Labs raid rumor was a hoax...  Some cryptocoin blogpost says they called both the USMS and the FBI and they denied the story.   (Or maybe that blogpost is a hoax.)

[empowering]

Gentlemen, get ready your reserve pants. Shit is coming.

If you run out of pants you can borrow shroomy's dirty old cum rag

That is no way to talk about a lady

[phoenix1]

Gentlemen, get ready your reserve pants. Shit is coming.

If you run out of pants you can borrow shroomy's dirty old cum rag

That is no way to talk about a lady

You are confused, that's a dirty old cum hag

EDIT: He might offer you her if the price drops much lower

[empowering]

 

[bizz]

So.. stocks & forex closed for a weekend. Get ready for gambl.. I mean traders to shoot their ammo on this volatile thing. I placed my short term bets on BTC & LTC going down some moar. And PPC up as a hedge. Lets see.

[grappa_barricata]

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

I've also noticed that before a margin call sometimes an opposing order with the exact amount come out, by magic.
This happened to me, when there is not enough liquidity available near the margin call price (perhaps).

[ChartBuddy]

Explanation

[JayJuanGee]

Dat PPC PnD bubble pop.. on its way back to $0.70

https://bitcoinwisdom.com/markets/btce/ppcusd

Some of these alts are truly fucked!!!!  I really cannot see them returning to their November 2013 highs.. .for example PPC was trading in the mid-$7.00s...  .. Sure it is possible that they will again achieve such high pump, but they really seem to be downward trending the whole lot of them.. I am NOT denying some pumping and dumping opportunities b/c surely those pumping and dumping opportunities will continue to persist... for those who may time it right or have some good insider information (which may just mean studying particular coins for particular pump and dump opportunties)

[esse83]

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

I've also noticed that before a margin call sometimes an opposing order with the exact amount come out, by magic.
This happened to me, when there is not enough liquidity available near the margin call price (perhaps).

Lets not forget that the owner of bitfinex (Raphael Nicolle) was a huge supporter of pirateat40 and not long after offered a similar service.

Also questionable is the founder, Raphael Nicolle, himself. Fortunately, this is not another attempt at an anonymously run financial service; Nicolle has provided a LinkedIn profile which confirms his involvement in BitFinex, and has plans to register the company when they settle on the best jurisdiction to locate their service. However, he was also involved in the Bitcoin investment scheme craze that had reached its peak in the Bitcoin community this summer, strongly supporting the (then only suspected) Bitcoin Ponzi scheme operator Pirateat40 in August, stating “now that Pirateat40 closed down his operatations thanks to all the fud that was going on and growing on the forum, I expect everyone that spreads this fud, accused and insulted Pirate and the people that supported him to apologize.” He even tried to open a 2%-per-week investment scheme of his own in September.

http://bitcoinmagazine.com/2830/bitfinex-bitcoinica-rises-from-the-grave/

Just to add to the margin call theory, after they dump they seem to instigate a mini pump to trick traders into buying the asks (which makes sense). It's fascinating to watch..

[grappa_barricata]

Dat PPC PnD bubble pop.. on its way back to $0.70

https://bitcoinwisdom.com/markets/btce/ppcusd

Some of these alts are truly fucked!!!!  I really cannot see them returning to their November 2013 highs.. .for example PPC was trading in the mid-$7.00s...  .. Sure it is possible that they will again achieve such high pump, but they really seem to be downward trending the whole lot of them.. I am NOT denying some pumping and dumping opportunities b/c surely those pumping and dumping opportunities will continue to persist... for those who may time it right or have some good insider information (which may just mean studying particular coins for particular pump and dump opportunties)

Holy fuck, that was quite a dump. Guess we'll stop seeing posts about PPC performances.

[David M]

2.5 BTC for a Grand. 

I would have liked to see 3 BTC for a grand and if we get really lucky... 4 & 5 BTC

Thems cold storage prices...

[Argwai96]

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

[adamstgBit]

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

people see wtv they want to see...

[adamstgBit]

2.5 BTC for a Grand. 

I would have liked to see 3 BTC for a grand and if we get really lucky... 4 & 5 BTC

Thems cold storage prices...

https://www.youtube.com/watch?v=msQPHxTUgzI

[esse83]

..these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room.

This quote should be immortalized, instant classic.

Immortalized!

Hmm so bitfinex has a unique way of performing margin calls. First they add it on the ask side, if nobody buys after a certain time it gets dumped.

Yes, it's very interesting that they're essentially speculating on their own with user funds instead of liquidating @market.

Really? Did they state they do this? How would one be able to tell by watching the charts -- couldn't someone just be placing asks, then removing to market sell when they aren't bought?

Of course they didn't state this.. we don't know much on how they do it (they did state that they changed how they perform margin calls though). All we can do is observe the market and look for repetition of behavior (live I might add, not charts afterwards). Then we can draw a (speculative..) conclusion.