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

[samsonn25]

If bitcoin was alot cheaper, more people would participate and actually use it instead of gamble on it.

[1714313116]

1714313116

[1714313116]

1714313116

[1714313116]

1714313116

[Eamorr]

Not gentleman.

[blade87]

It looks like three exchanges margin called there? Huobi and Stamp did for sure. Maybe Finex as well. BTCe actually held up. I'm not sure what to make of it. Was that the goal of all of this? There are no margins now until below $150 on Stamp and Huobi?

[beetcoin]

If bitcoin was alot cheaper, more people would participate and actually use it instead of gamble on it.

that's backwards thinking. most people who buy into bitcoin do it for the speculation.. and if it's crashing as badly as it has been, i really doubt new people will jump in.

[Richard Branson]

Huobi not l33t any more.
Expect 189$ in 6 hours.

Time to dump some coins bought @ 5$.

Damn nice call. Suuuuuckers.

[samsonn25]

btc-e is the lowest margin out of all of them, i think they only allow 3-4x

[Mervyn_Pumpkinhead]

If bitcoin was alot cheaper, more people would participate and actually use it instead of gamble on it.

If you want utility, then use NuBits.
Bitcoin has fixed supply and it's value is solely based on speculation, so gambling will always be it's main use.

[dropt]

Possible short term bottom (VERY short term I would say). Still would not buy, not even for a quick flip.


Considering that we broke a multi-year log trend line like that (the only sign of an uptrend left pretty much) is not exactly your usual crash.
But maybe it's just me  

Word on the street, if you were in the loop, is that this was all planned. The actor - or actors -  if he has some friends are/were targeting the the GOX price at time of collapse.  My understanding is there was talk of attempting to borrow a large number of BTC to make it happen.  If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement.  So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.

[kenji]

i just woke up  

what the fuck is going on?

this must be a nighmare

[samsonn25]

If bitcoin was alot cheaper, more people would participate and actually use it instead of gamble on it.

that's backwards thinking. most people who buy into bitcoin do it for the speculation.. and if it's crashing as badly as it has been, i really doubt new people will jump in.

Thats why the whole market and utilitarian use for bitcoin is fup.

[molecular]

i just woke up  

what the fuck is going on?

this must be a nighmare

it is! wake up, dude!

[Wandererfromthenorth]

Possible short term bottom (VERY short term I would say). Still would not buy, not even for a quick flip.


Considering that we broke a multi-year log trend line like that (the only sign of an uptrend left pretty much) is not exactly your usual crash.
But maybe it's just me  

Word on the street, if you were in the loop, is that this was all planned. The actor - or actors -  if he has some friends are/were targeting the the GOX price at time of collapse.  My understanding is there was talk of attempting to borrow a large number of BTC to make it happen.  If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement.  So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.

Sounds like BS to me tbh, are you referring to the post on XRPtalk Walsoraj posted here?

[samsonn25]

Possible short term bottom (VERY short term I would say). Still would not buy, not even for a quick flip.


Considering that we broke a multi-year log trend line like that (the only sign of an uptrend left pretty much) is not exactly your usual crash.
But maybe it's just me  

Word on the street, if you were in the loop, is that this was all planned. The actor - or actors -  if he has some friends are/were targeting the the GOX price at time of collapse.  My understanding is there was talk of attempting to borrow a large number of BTC to make it happen.  If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement.  So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.

[NotLambchop]

...
Word on the street, if you were in the loop, is that this was all planned. The actor - or actors -  if he has some friends are/were targeting the the GOX price at time of collapse.  My understanding is there was talk of attempting to borrow a large number of BTC to make it happen.  If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement.  So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.

PinkiePieBouncing.gif
Hahahaowow.gif
Good one.

[solex]

i just woke up  

what the fuck is going on?

this must be a nighmare

But, but, you sold at $278

Double your btc time...

[dropt]

Possible short term bottom (VERY short term I would say). Still would not buy, not even for a quick flip.


Considering that we broke a multi-year log trend line like that (the only sign of an uptrend left pretty much) is not exactly your usual crash.
But maybe it's just me  

Word on the street, if you were in the loop, is that this was all planned. The actor - or actors -  if he has some friends are/were targeting the the GOX price at time of collapse.  My understanding is there was talk of attempting to borrow a large number of BTC to make it happen.  If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement.  So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.

Sounds like BS to me tbh, are you referring to the post on XRPtalk Walsoraj posted here?

No, I'm not.  It may or may not be BS, we'll probably never know.  I personally find the method in which this all occurred a little odd.  MASSIVE market dumping to gauge market reaction.  No reaction?  Queue another massive market dump.   If it is true, with any luck the worst is over and there will be ~24-48 hrs of fallout until some footing is found.

[Eamorr]

Possible short term bottom (VERY short term I would say). Still would not buy, not even for a quick flip.


Considering that we broke a multi-year log trend line like that (the only sign of an uptrend left pretty much) is not exactly your usual crash.
But maybe it's just me  

Word on the street, if you were in the loop, is that this was all planned. The actor - or actors -  if he has some friends are/were targeting the the GOX price at time of collapse.  My understanding is there was talk of attempting to borrow a large number of BTC to make it happen.  If so, and I'm not saying I necessarily believe it, this could be a setup for another shattering upwards movement.  So be warned, the short game may be over, and if so, you and everyone else is going to be tricked over and over on the way up just like the longs were on the way down.

Sounds like BS to me tbh, are you referring to the post on XRPtalk Walsoraj posted here?

No, I'm not.  It may or may not be BS, we'll probably never know.  I personally find the method in which this all occurred a little odd.  MASSIVE market dumping to gauge market reaction.  No reaction?  Queue another massive market dump.   If it is true, with any luck the worst is over and there will be ~24-48 hrs of fallout until some footing is found.

 

[kurious]

Gentlemen.  Good morning.  As delighted as I may be with the way things are going, this is starting to intrude on my beauty rest!
Fix your broken coin, gentlemen



Oh...  I can't stay mad at you, you make me so happy!  I forgive you!

Hahahahaha!

The price, gentlemen!  Can you even believe it?!!

It's OK Lambchop called the bottom.

[Spaceman_Spiff]

i just woke up  

what the fuck is going on?

this must be a nighmare

it is! wake up, dude!

lol 

[Wandererfromthenorth]

Frankly, all these alternative conspiracy-like explanations are just BS because this crash is 100% technicals.




So basically:  Technicals dictate what happens and especially WHEN it happens.
Shit happens.
And then we try to explain the mess with fancy stories.




Nah.