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

[bitcodo]

It is summer. Everybody has shorts on (and shorting BTC also). 

But but but, last summer we had a price rise??

Weird, I know.

Anyway, wall and shorts.

[nmersulypnem]

I think we both know what's going to happen

Historical events, sure. But their last statement was very professional and bullish. Give them a little faith. The market obviously does too, otherwise we would be much, much lower.

You thought that was a professional statement?  It may have been better than the prior childish nonsense he sent out on IRC, but it was far from what an adult businessman might expect from a multi-million dollar company holding people's funds.  It was too familiar, flippant, and tried to divert from the true market concerns by blaming their bank and diverting the news with their new trading engine and LTC incorporation.

It was obvious that "2 weeks" was just thrown out there.  The chances of them actually connecting automated withdrawals by Monday is about 0.01%.  They will panic around tomorrow when they realize they aren't going to get it setup in time - they'll probably blame their bank - and then they'll make up some BS about "manually processing" limited withdrawals "as a stop-gap favor to their customers".

...then the spread with the other exchanges will widen and another round of panic buying on MtGox will commence (with selling on the other exchanges), and once that settles a few days after you'll see the spread decrease and both MtGox and other exchanges prices fall together.

[Jozzaboy]

I think we both know what's going to happen

Historical events, sure. But their last statement was very professional and bullish. Give them a little faith. The market obviously does too, otherwise we would be much, much lower.

You thought that was a professional statement?  It may have been better than the prior childish nonsense he sent out on IRC, but it was far from what an adult businessman might expect from a multi-million dollar company holding people's funds.  It was too familiar, flippant, and tried to divert from the true market concerns by blaming their bank and diverting the news with their new trading engine and LTC incorporation.

It was obvious that "2 weeks" was just thrown out there.  The chances of them actually connecting automated withdrawals by Monday is about 0.01%.  They will panic around tomorrow when they realize they aren't going to get it setup in time - they'll probably blame their bank - and then they'll make up some BS about "manually processing" limited withdrawals "as a stop-gap favor to their customers".

...then the spread with the other exchanges will widen and another round of panic buying on MtGox will commence (with selling on the other exchanges), and once that settles a few days after you'll see the spread decrease and both MtGox and other exchanges prices fall together.

Excellent. I look forward to having my buy order filled then short them at the peak.

[derpinheimer]

From about 12hrs ago, bid sum is up nearly 1 million, and ask sum is unchanged.

Is it Dump O'clock yet? Me thinks not. What is the official day for the end of the USD hiatus? 2 days?

[samson]

From about 12hrs ago, bid sum is up nearly 1 million, and ask sum is unchanged.

Is it Dump O'clock yet? Me thinks not. What is the official day for the end of the USD hiatus? 2 days?

Yes, July 4th

[Jozzaboy]

Interesting. A large buy just torched 90.5 and left a 500 buy wall with 100 BTC reinforcements right behind it. Please god make this the sucker rally... I'm dieing to trade.

[ChartBuddy]

[ChartBuddy]

[Miz4r]

Looks like the gap between MtGox and Bitstamp has pretty much been closed since today, only a $2 difference left now.

[champbronc2]

Looks like the gap between MtGox and Bitstamp has pretty much been closed since today, only a $2 difference left now.

Im pissed.

[derpinheimer]

Looks like the gap between MtGox and Bitstamp has pretty much been closed since today, only a $2 difference left now.

Im pissed.

Dont be, some guy has been manipulating bitstamp up since yesterday. If Gox shows any signs of bearishness, it will fall hard.

[Frozenlock]

Looks like the gap between MtGox and Bitstamp has pretty much been closed since today, only a $2 difference left now.

Im pissed.

Dont be, some guy has been manipulating bitstamp up since yesterday. If Gox shows any signs of bearishness, it will fall hard.

Ah, I'm not the only one seeing the moving wall.

I was beginning to think there was something in my coffee.

[Miz4r]

MtGox had a few drops to 88 today, but Bitstamp didn't budge at all and just continued on a slow but steady pace up. Weak hands are sold out there I guess.

[Jozzaboy]

Looks like the gap between MtGox and Bitstamp has pretty much been closed since today, only a $2 difference left now.

Im pissed.

Whassa' matta'? Wiring money to Bitstamp and looking for a quick buck?

[bitcoinDash]

a bid for 1890 @ 89.0  .... 

[ChartBuddy]

[champbronc2]

Looks like the gap between MtGox and Bitstamp has pretty much been closed since today, only a $2 difference left now.

Im pissed.

Whassa' matta'? Wiring money to Bitstamp and looking for a quick buck?

Damn right!

[Jozzaboy]

a bid for 1890 @ 89.0  .... 

Is good. Market depth heavily bullish.  

_{Inb4 whale dump}

[Frozenlock]

a bid for 1890 @ 89.0  .... 

Sure, seems legit. 

[derpinheimer]

Bids and asks are now both rapidly rising. Hoping to see some action now.