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

[Wandererfromthenorth]

lol BTC-E getting goxxed.


If you have funds on that shitty exchange GTFO now.

[Wandererfromthenorth]

If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.

That doesn't even look like a pump attempt.

It just looks like people that have money there want to get the hell out of the exchange like there is no tomorrow.

[ensurance982]

russian bitcoin ban hammer getting closer.

just look how fast profits are leaving btc-e.

soon™.

They are desperate to get out, must have some inside knowledge.
The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges.

As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al.

Yeh, crazy action, other exchanges not following ... something ain't right  

Well, it's only one exchange acting up big time. It's not very wise for other exchanges to follow instantly. But of course there are quite some people who are willing to do some arbitrage - which seems to be kinds risky, given the circumstances! I guess Huobi is kinda puzzled that for once they're not the one leading the action!

[esse83]

Last time btc-e did this (31st of august 2014) BTC lost almost 50% value in the aftermath.

[Wolf Rainer]

265 USD ON BTC-E!!!

[DutchTrades]

What the fuck are you doing E

[Wings1987]

If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.

That doesn't even look like a pump attempt.

It just looks like people that have money there want to get the hell out of the exchange like there is no tomorrow.

$257 again.


I agree it could be people who want out but unless the exchange is gone in hours wouldn't you slow your buys down?

[Fatman3001]

If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.

That doesn't even look like a pump attempt.

It just looks like people that have money there want to get the hell out of the exchange like there is no tomorrow.

Looks like arb bots on other exchanges are turned off. BTC-E is running out of BTC. Only E left. Escape?

[luckygenough56]

China is not impressed

[ssmc2]

What the fuck are you doing E

Going full retard.

[tarmi]

time to open new shorts on bitfinex.

[An old pal]

If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.

That doesn't even look like a pump attempt.

It just looks like people that have money there want to get the hell out of the exchange like there is no tomorrow.

You are new here!  This is a BIG PUMP like the old days. not slow buying, whale could have bought slowly !

Withdrawals on btc-e working FINE.

[pinky]

Is btc-e insolvent? Or any other news?

[itod]

This is as bad as it gets. Somebody is withdrawing from BTC-E in panic no matter how big his/their losses are. People are in piece with the major loss only when there is no other alternative. This means somebody knows something majority of us don't. My guess is that BTC-E is going down for one reason or another.

[ensurance982]

BTC-e has always been a deeply weird place. Flash crashes and total laggardness when others were exploding. It would be a shame if it was in its death throes. I really thought it would still be ticking away long after all the other old guard had turned to dust.

Yup, I agree. It's kinda funny... All the other exchanges with audits, proves of solvency, etc. mostly experienced some hack, loss, or serious outages. BTC-e, on the other hand, always considered to be a shady exchange, always worked reliably and never actually experienced any problems. The underdog, so to say...

Sure, but it's only been 4 years though.. it's not like they are an old timer in any sense of time. In bitcoin history sure, but still its just a few years.

Yeah, but that's 2/3 of Bitcoin's whole lifespan, to be honest... We've seen gox go under during that time. We've seen Stamp taking a serious hit, from which they're maybe not really recovering - volume is pretty bland these days - and many smaller exchanges losing all their funds whatsoever!

[LFC_Bitcoin]

Getting scared bears/shorters?

Where are your double digit coins very soon that you've been promising tarmi?

[coins101]

whose got fat fingers?

[Wings1987]

Now its on everywhere. This is crazy!

[rolling]

This is as bad as it gets. Somebody is withdrawing from BTC-E in panic no matter how big his/their losses are. People are in piece with the major loss only when there is no other alternative. This means somebody knows something majority of us don't. My guess is that BTC-E is going down for one reason or another.

What if it's some other insider information not related to the collapse of BTC-e?

[ImI]

time to open new shorts on bitfinex.