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

[findftp]

If you folks have any sense you'd pull all your coins off the exchanges 'cos someones running fractional reserve, over 10k dumped and no movement on days destroyed and only a couple of k's worth of dollar swaps pulled. No excuse for lack of transparency on exchanges, if others can run with transparency and user controlled wallets then what do they have to hide? If you're not asking that you're irresponsible with your coins and deserve to lose them. I'd suggest stopping trading on the first of every month and pulling coins to drive out the bad actors.

Excatly, don't trade, just hodl.

They will force btc down while push the btc/altcoin up.

When ready to move btc up theb btc/altcoin will drop.

They are using ltc. So do not sell btc for ltc. any other shitcoin

There fixed it.

[HarmonLi]

6300 to 220 @ Finex  

Cmon finex traders, show you balls and push china higher this time. Enough of their bear games

The plan is to creep sideways and slightly down so that short sellers will take positions and then we're gonna pump 'til we squeeze 'em.

I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.

I wouldn't dare to open a long position (leveraged) in the current market. Doing so screams for an accident waiting to happen. Going in now is fine, but for the love of Satoshi, please not on leverage!

[Sitarow]

6300 to 220 @ Finex  

Cmon finex traders, show you balls and push china higher this time. Enough of their bear games

The plan is to creep sideways and slightly down so that short sellers will take positions and then we're gonna pump 'til we squeeze 'em.

I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.

I wouldn't dare to open a long position (leveraged) in the current market. Doing so screams for an accident waiting to happen. Going in now is fine, but for the love of Satoshi, please not on leverage!

This has been exploited by malicious actor's back when btc was worth $6 to $9

[ChartBuddy]

Coin
Explanation

[NotLambchop]

Can tell you right now: not gonna end well...

[ejinte]

$220s. I called it. Now if it goes lower, I buy even MOAR!!!

Oh yeah. trading the pattern.   BTCBTCBTCBTCBTCBTCBTCBTCBTCBTC

well done, let's see if you're right about $350 as well

[KryptoFoo]

the sideways then dump movement over the past few days has been a profitable pattern for shorts. It will continue to work for them, until it no longer works. I think we will know it's over when price is able to recover to levels higher than just before the previous dump. Complacent shorts will get caught when that happens and we could see an up cycle pattern begin anew.

[nakaone]

6300 to 220 @ Finex  

Cmon finex traders, show you balls and push china higher this time. Enough of their bear games

The plan is to creep sideways and slightly down so that short sellers will take positions and then we're gonna pump 'til we squeeze 'em.

I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.

I wouldn't dare to open a long position (leveraged) in the current market. Doing so screams for an accident waiting to happen. Going in now is fine, but for the love of Satoshi, please not on leverage!

This has been exploited by malicious actor's back when btc was worth $6 to $9

since when is the market driven by this leveraged trade? any specific point of time?

[Miz4r]

We're way oversold and should correct back up soon. Just like the crazy 30% gain in a single day earlier without any retrace, this massive drop without a real retrace is going to violently bounce back upwards as well. I'm thinking $270-280 within 3 days from now, just watch.

[billyjoeallen]

6300 to 220 @ Finex  

Cmon finex traders, show you balls and push china higher this time. Enough of their bear games

The plan is to creep sideways and slightly down so that short sellers will take positions and then we're gonna pump 'til we squeeze 'em.

I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.

Bring it on, Pal. I'm margin long right now with a liquidation price of $28.94, so you'll have to squeeze tighter than that. Oh yeah, and I still have three grand left of the $5,000 I had stockpiled for this entirely predictable little dip. That's cash not margin.

We'll see who gets squeezed.

[tarmi]

6300 to 220 @ Finex  

Cmon finex traders, show you balls and push china higher this time. Enough of their bear games

The plan is to creep sideways and slightly down so that short sellers will take positions and then we're gonna pump 'til we squeeze 'em.

I would say it is quite the opposite. we are waiting for more longs to open and then we will squeeze them like bugs on our way to 120 $.

Bring it on, Pal. I'm margin long right now with a liquidation price of $28.94, so you'll have to squeeze tighter than that. Oh yeah, and I still have three grand left of the $5,000 I had stockpiled for this entirely predictable little dip. That's cash not margin.

We'll see who gets squeezed.

good to hear that your liquidation price is so low, but the truth is that your funds are in bitfinex owner's hands and I think that bitfinex liquidation price is at much higher levels.

[YourMother]

GTFO dummy!

[JorgeStolfi]

Bah. Just the same old routine.
http://en.wikipedia.org/wiki/Bull-Leaping_Fresco

[WeltMaster]

Still 16'000 coins to sell to $200,

C'mon bears, are you even trying?

[Phillis]

this will be an interesting few days, hopefully we find out where we go

[aztecminer]

Has anyone noticed Huobi's gone full retard again? Or is it just bitcoinwisdom? (3m chart)

huobi is in 'chinese panic' mode dumping their coins so they aren't the bagholders on the 'big block of cheese day' ..

[ChartBuddy]

Coin
Explanation

[SnokkomBTC]

Still 16'000 coins numbers on an exchange to sell to $200,

C'mon bears, are you even trying?

If they're not on the blockchain they're just numbers.

How do you mean? 'Fractional reserve' at Bitcoin exchanges?

[Bagatell]

Did you mean "fictional reserves"?

[minerpumpkin]

Did you mean "fictional reserves"?

If you don't hold the keys then yes, fictional, fractional, make-believe, whatever, they're not coins, they're just numbers. All these coins dumped in the last few days with no significant sign on days destroyed or transaction volume... some of them are nothing more than numbers and folks will only know which when (not if, when) there's another Goxing. Move to exchanges that operate transparently if you don't want it to be you getting Goxed.

It doesn't matter if you hold the keys, should the exchange also hold the keys. Yeah, you need multi-sigs in order for that to work. I think Stamp is going in the right direction concerning this but ultimately it will only be due to more competition that exchanges truly evolve. We're at the beginning of it, I believe.