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

[ShroomsKit]

340-320 in the next 24 hours.

I'm so happy i left this sinking ship at 400.

The sooner you realize it's over the better you feel. Believe me.

Let us know how you're feeling when we're back above 400 

I have put my money in things that actually have a future.

[ShroomsKit]

340-320 in the next 24 hours.

I'm so happy i left this sinking ship at 400.

The sooner you realize it's over the better you feel. Believe me.

Let us know how you're feeling when we're back above 400 

Good reply, these people don't understand, it's price movement we never can go upside everytime.

This is just a slight 10 month correction?

[empowering]

[wall-0-text]

[wall-0-typical-bs]

Yes dear.

[NotLambchop]

[wall-0-text]

[wall-0-typical-bs]

Yes dear.

Of all the people losing their shit in this thread, I enjoy you the most

[empowering]

Twaddle

Yes dear.

[karolina]

340-320 in the next 24 hours.

I'm so happy i left this sinking ship at 400.

The sooner you realize it's over the better you feel. Believe me.

Let us know how you're feeling when we're back above 400 

I have put my money in things that actually have a future.

You are the epitome of the term "weak hands".

[ChartBuddy]

Explanation

[fonzie]

Time to pull your stash out of cryptsy....?!

http://www.marketwatch.com/story/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy-2014-10-23

https://bitcointalk.org/index.php?topic=833182.0

Also bad newses for Ripple,... looking @Walsoraj 

[Wandererfromthenorth]

Time to pull your stash out of cryptsy....?!

http://www.marketwatch.com/story/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy-2014-10-23

https://bitcointalk.org/index.php?topic=833182.0

Also bad newses for Ripple,... looking @Walsoraj 

You shouldn't have money in Cryptsy anyway.

In case you do, definitely GTFO.

[Newbie1022]

Interesting to note that shorts are down by a lot (8k right now on bitfinex), shorters have been taking profits on this dump.
This means that a lot of buys (shorts being closed) to counteract the drop were executed but we dropped quite a lot regardless.
Also it means a short squeeze is less probable.

Further, interesting to see the lack of a proper bounce (one would have expected a bounce to at least $370, where the recent historic support was) and very low buying pressure around $350, an important level.

In case I need to state the obvious, all of this is pretty fucking bearish.

Very Good analysis. I actually keep thinking we are going to pivot upwards soon because, although the shorts closed I don't see any new shorts opening up. Also, this is a price where I can see fanatics ramping up on leverage. But... if it goes a little longer without reflecting the price then I will be jumping ship (bought in at $356 earlier today).

[Walsoraj]

Time to pull your stash out of cryptsy....?!

http://www.marketwatch.com/story/silver-law-group-files-lawsuits-against-cryptocurrency-exchanges-bitcoin-savings-trust-and-cryptsy-2014-10-23

https://bitcointalk.org/index.php?topic=833182.0

Also bad newses for Ripple,... looking @Walsoraj 

Ripple will soon have 100's of banks onboard. No need for Cryptsy.

[Davyd05]

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving  the lawsuit is suspicious.  Similarly to way they made Ross out to be someone who orders contract hits.

[Walsoraj]

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving  the lawsuit is suspicious.  Similarly to way they made Ross out to be someone who orders contract hits.

Prediction: Within a month, Crypsty claims to have been hacked of all user funds.

[Wandererfromthenorth]

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

[Wandererfromthenorth]

Interesting to note that shorts are down by a lot (8k right now on bitfinex), shorters have been taking profits on this dump.
This means that a lot of buys (shorts being closed) to counteract the drop were executed but we dropped quite a lot regardless.
Also it means a short squeeze is less probable.

Further, interesting to see the lack of a proper bounce (one would have expected a bounce to at least $370, where the recent historic support was) and very low buying pressure around $350, an important level.

In case I need to state the obvious, all of this is pretty fucking bearish.

Very Good analysis. I actually keep thinking we are going to pivot upwards soon because, although the shorts closed I don't see any new shorts opening up. Also, this is a price where I can see fanatics ramping up on leverage. But... if it goes a little longer without reflecting the price then I will be jumping ship (bought in at $356 earlier today).

Yeah, just be ready if shit starts to get real :-P

[fonzie]

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving  the lawsuit is suspicious.  Similarly to way they made Ross out to be someone who orders contract hits.

Is there any site where i can make bets if they go down within the next 3 months? 
Lawsuit+Coinexchange = almost guaranteed death.
Most(all) of them had shady operations in the past.
It´s almost ironic but i think that the only true anonymous (and most shady) exchange "BTC-E" will probably stay alive longest.

[tarmi]

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

poloniex is down right now.

with btc price crashing all exchanges are crashing.

why am I not surprised?

[Davyd05]

We can all agree the safest place for your coins is your storage. I would like to see some people trying to withdraw there coinz from cryptsy, as this shit isnt supposed to be fractional reserve so bank runs shouldny matter.

[Davyd05]

http://blog.cryptsy.com/post/100831839452/response-regarding-lawsuit

Never used their services but I'll admit the amount of pr before actually serving  the lawsuit is suspicious.  Similarly to way they made Ross out to be someone who orders contract hits.

Is there any site where i can make bets if they go down within the next 3 months?  
Lawsuit+Coinexchange = almost guaranteed death.
Most(all) of them had shady operations in the past.
It´s almost ironic but i think that the only true anonymous (and most shady) exchange "BTC-E" will probably stay alive longest.

 

Except is the claim of one person representes by a law firm with a scare tactic pr stunt. Im not defending cryptsy and would advise anyone with worries to remove funds or coinz but to assume there doomed on this info is sheer fud.

[fonzie]

People lost money on Mtgox, they lost money on Cryptorush, they lost money in Mintpal 2...

WTF are you keeping money on an old dead shitcoin exchange like Cryptsy?

Whoever has funds in there is like asking for it.

poloniex is down right now.

with btc price crashing all exchanges are crashing.

why am I not surprised?

What happened to poloniex? Hacked and robbed aka business as usual?