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

[NotHatinJustTrollin]

http://bitcoinity.org/markets/list?currency=USD&span=24h

Is this accurate?  Coinbase doing less than half of BTCe's volume?

Absence of regulations, wild west penny stock pumps and shenaningans-driven exchanges is one of the reasons bitcoin's price pumped as much as it did.
Why should people give two shits about a regulated bitcoin exchange?

[1714260843]

1714260843

[ronald98]

http://bitcoinity.org/markets/list?currency=USD&span=24h

Is this accurate?  Coinbase doing less than half of BTCe's volume?

Absence of regulations, wild west penny stock pumps and shenaningans-driven exchanges is one of the reasons bitcoin's price pumped as much as it did.
Why should people give two shits about a regulated bitcoin exchange?

It might have something to do with the potential lawsuit mentioned here.

http://tripplevy.com/news/coinbase-inc-investigation-of-licensure-of-coinbases-bitcoin-exchange/

Coinbase, Inc. – National Securities Law Firm Investigates Licensure Of Coinbase’s Bitcoin Exchange

January 29, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating Coinbase, Inc. for allegedly making false and misleading statements to prospective and current users of Coinbase’s Bitcoin Exchange regarding its business.

On January 26, 2015, Coinbase announced that it launched the first regulated Bitcoin Exchange in the United States, and that it is licensed to do business in 25 states, including New York and California. Coinbase’s statement may have artificially inflated the price of Bitcoins as the cybercurrency rose to $263. However, it was later revealed by New York’s Department of Financial Services and California’s Department of Business Oversight that Coinbase did not have the licenses necessary to operate as a Bitcoin Exchange in New York or California. Following this announcement, the price of a Bitcoin fell to $233.

If you are a user of Coinbase’s Bitcoin Exchange and have information that may be helpful to our investigation or would like additional information regarding this investigation, please contact us toll free at 1-800-511-7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.

If this hits the courts this is gonna be good, get your popcorn ready.

[Walsoraj]

http://bitcoinity.org/markets/list?currency=USD&span=24h

Is this accurate?  Coinbase doing less than half of BTCe's volume?

I'd assume so. Not really surprising. The exchange just opened, and it does not seem buys on the regular Coinbase site execute as market buys on the exchange.

That would be an indirect--and probably illegal--way around whatever laws the exchange side is attempting to satisfy. 

So, how is Coinbase not in violation the laws aimed at its own exchange when it purchases coins from foreign non-compliant exchanges and then in turn sells to US customers?  Does Coinbase require its overseas partners to meet the still unknown local regulations?   

[ChartBuddy]

Coin
Explanation

[byronbb]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

Dunno, the arb between Stamp and Bitfinex would have me concerned with the former.

[ronald98]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

Dunno, the arb between Stamp and Bitfinex would have me concerned with the former.

Here's a code if you want to risk trading there. None of the exchanges seem completely safe to me.

x5K9YtL3Zb

[ChartBuddy]

Coin
Explanation

[bad trader]

More large dumps at OKCoin.

[kodtycoon]

some one is trying their god damn best to crash the market but it just isnt happening lol

[bad trader]

some one is trying their god damn best to crash the market but it just isnt happening lol

It looks more like they are trying to get out above 1400 CNY before it crashes.

[diabLEEca]

some one is trying their god damn best to crash the market but it just isnt happening lol

It looks more like they are trying to get out above 1400 CNY before it crashes.

Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artificial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.

From what I've observed, the amount of BTC to 220 USD on bitfinex got a little below 6k for a moment, now it's back at 6300. If it goes back to 10k after this flash crash attempt, it seems inevitable that we're going up.

I, for one, am going to sleep. All in BTC. Good night, gentlemen.

[kodtycoon]

some one is trying their god damn best to crash the market but it just isnt happening lol

It looks more like they are trying to get out above 1400 CNY before it crashes.

Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artficial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.

From what I've observed, the amount of BTC to 220 USD on bitfinex got a little below 6k for a moment, now it's back at 6300. If it goes back to 10k after this flash crash attempt, it seems inevitable that we're going up.

I, for one, am going to sleep. All in BTC. Good night, gentlemen.

was thinking the exact same thing..

[ChartBuddy]

Coin
Explanation

[marvinrouge]

some one is trying their god damn best to crash the market but it just isnt happening lol

It looks more like they are trying to get out above 1400 CNY before it crashes.

Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artficial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.

From what I've observed, the amount of BTC to 220 USD on bitfinex got a little below 6k for a moment, now it's back at 6300. If it goes back to 10k after this flash crash attempt, it seems inevitable that we're going up.

I, for one, am going to sleep. All in BTC. Good night, gentlemen.

was thinking the exact same thing..

still, 5 red candles in a row :/

[pjviitas]

some one is trying their god damn best to crash the market but it just isnt happening lol

It looks more like they are trying to get out above 1400 CNY before it crashes.

Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artficial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.

From what I've observed, the amount of BTC to 220 USD on bitfinex got a little below 6k for a moment, now it's back at 6300. If it goes back to 10k after this flash crash attempt, it seems inevitable that we're going up.

I, for one, am going to sleep. All in BTC. Good night, gentlemen.

was thinking the exact same thing..

still, 5 red candles in a row :/

We are heading for another red candle this week...people who are not thinking about selling bitcoin are not very smart

[bad trader]

Oh come on, it didn't look like it was going to crash at all before this okcoin kamikaze move, we've been bumping up from 1400 CNY / 220 USD long enough to see it wasn't going to drop lower any time soon. This Chinese "drop" looks highly artificial to me - only huge dumps without accompanying smaller drops. Seems like nobody really wants to follow.

It looked like a single seller, but they seemed to be targeting 1400 CNY. I'm not saying the price will crash, just that they seemed to be panic selling. It looked like something someone would do when they want to sell a large amount above 1400 in a hurry. They could have been buying it up to get others to set bids before their next dump.

It could be a manipulator trying to look legit, I guess, but I think they would rather pretend to be multiple small sellers.

[nanobrain]

Why is the price going down?

One green candle on the 1w charts...is this all we get?

Bitcoin cannot be truly going up until the 1w charts say so....get with it people!

Some serious shit is going down but a lot of people just don't want to admit it.

+1

[DefendKebab]

Still no sub 200   probably by monday  then , coinbase fake pump n dump news will do a lot damage  

[ChartBuddy]

Coin
Explanation

[byronbb]

Sudden rise in volume on okcoin futures.