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

[ssmc2]

But seriously, what is up with Stamp's orderbook?  

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[SnokkomBTC]

400 $

[wutizurkwest]

Well this is shit.

Will someone give me a cuddle?

Isn't this what you signed up for? Beats a 50 cent movement every fortnight no matter what direction it is.

Agreed, the rollercoaster is the fun ride!

Q for the EWT masters: we're at the end of an ABC correction pattern right?  From here is it possible to estimate how high the next 1, 3, and 5 will take us?

[TheAstronomer]

https://i.imgur.com/NeXEu6A.jpg

[Tmdz]

Way to fuck up the markets by force dumping the western exchanges to $70 off from china. The gap was $15 before the vicious dumping forced the western exchanges down. And thanks for the $120 loss off the high point in the last half a day. A retracement into the mid 400's was expected but this is a fucking nightmare scenario seeing it where it is now after the last 2 months of solid gain and last couple days of fantastic gain. Fuck you whoever brutally and without pause for hours slammed the markets into oblivion today. You assholes didn't have to do that. China would have happily stayed above 500 and held the markets up if not for the insane shitstorm that was brought upon on stamp and finex. It's not lack of buying pressure when you intentionally crush the market with 1000s of coins in a minute every ten minutes for hours on end. WTF      

Don't worry it will bounce, you just have to wait for it!  Bitcoin is on some serious crack today but we shall get HiGHHH AF

[harrymmmm]

With a $60 range in price over exchanges, it's clear arbitrage isn't working well for whatever reason.

Does anyone know how/whether Liquid will affect this?
Or are the arbitrage problems in a completely different class?

[spooderman]

what is that ^^? a post for ben stiller?

[podyx]

Aaaand back over 400... for a second anyway. What a show!

except for 90% of days in 2015, that is 

[Ayle56]

Way to fuck up the markets by force dumping the western exchanges to $70 off from china. The gap was $15 before the vicious dumping forced the western exchanges down. And thanks for the $120 loss off the high point in the last half a day. A retracement into the mid 400's was expected but this is a fucking nightmare scenario seeing it where it is now after the last 2 months of solid gain and last couple days of fantastic gain. Fuck you whoever brutally and without pause for hours slammed the markets into oblivion today. You assholes didn't have to do that. China would have happily stayed above 500 and held the markets up if not for the insane shitstorm that was brought upon on stamp and finex. It's not lack of buying pressure when you intentionally crush the market with 1000s of coins in a minute every ten minutes for hours on end. WTF      

Was it due to the MMM Ponzi guy cashing out? It was extremely aggressive selling directly into the buy orders without respite. I expected a dump but the speed of it took my breath away.

[Cconvert2G36]

Way to fuck up the markets by force dumping the western exchanges to $70 off from china. The gap was $15 before the vicious dumping forced the western exchanges down. And thanks for the $120 loss off the high point in the last half a day. A retracement into the mid 400's was expected but this is a fucking nightmare scenario seeing it where it is now after the last 2 months of solid gain and last couple days of fantastic gain. Fuck you whoever brutally and without pause for hours slammed the markets into oblivion today. You assholes didn't have to do that. China would have happily stayed above 500 and held the markets up if not for the insane shitstorm that was brought upon on stamp and finex. It's not lack of buying pressure when you intentionally crush the market with 1000s of coins in a minute every ten minutes for hours on end. WTF      

Lol, yep, sounds like bitcoin.

[Sitarow]

[Morecoin Freeman]

I am not in coins

So far for a "Legendary trader". Still waiting for that dump bro?

Yep... that's a bit ridiculous.

But getting less ridiculous by the minute

Yes. I never try to chase a pump.

[BlackSpidy]

I would argue that each sale has had a lesser and lesser effect on the market. I wonder how we'll do after the 5th. I'm excited.  

[adamstgBit]

With a $60 range in price over exchanges, it's clear arbitrage isn't working well for whatever reason.

Does anyone know how/whether Liquid will affect this?
Or are the arbitrage problems in a completely different class?

it takes ~1hour to move coin
a week to move fiat
and there's only so much traders can have in reserves  

arbitrage is not instant.

[hdbuck]

yep, right there, them FBI pump it before an auction.

[dreamspark]

go back at look at 2013 charts, this is how btc rallys work.

[orpington]

yay - the fucking cavalry!

[adamstgBit]

up above 500 now?

[gentlemand]

Well, if I was bidding for the auction tomorrow I think I'd spike myself with magic mushrooms, close my eyes and press the nearest button.

[solitude]

now you can buy back the bitcoins you panic sold you retarded pussy faggots.