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

[crazy_rabbit]

I guess the FUD is almost over

You sure this is FUD?  BTCchina has inputted: .3% fee, change in chinese paypal as a means of deposit, and requiring some stuff on id's... all this because of an FUD post?

Come on, everyone knew they would start to charge a fee at some point.

Sure, but why just now...?

This what I have just witnessed in the last 3 hours in chronological order:

1) Huge dump on btcchina of 4000-5000 coins causing price to drop $300 CNY

2) Stamp didn't really drop too much, just 20-30$

2) potential FUD / real news coming out of weibo that Chinese banks are barred/prohibited doing business with bitcoin services, an upgrade from the previous  government's "discouragement"

3) Weibo post deleted

4) Another headline perhaps popped up... in chinese: https://bitcointalk.org/index.php?topic=372998.msg3991166#msg3991166.

5) BTCchina adds .3% fee, takes away tenpay option, asks for documentations from users... all this in the last several hours

6) Stamp drops $50.

Here's the thing, I'm sure chinese people can read Chinese better than us.  Google translate does not work well with Chinese, since the tenses are all messed up.

So if this is just FUD, why would somebody just insta sell 4000 coins at market?  That is just strange.  If he is causing panic, why would he do it when USA and Europe is at its prime on a Monday... This is usually when the money arrives in the exchanges, and when 2nd market buys... wouldn't make any sense...

I think we are all suspicious of that. We can't read the news, but we can see it's effects, and it's not pretty. Of course it could be coincidence, but the market won't believe that till too late.

EDIT: I constantly have to readjust my bids. The price just keeps dropping.

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[cheech300]

blockchain info is down, during i made a transaction....

[600watt]

why the f is blockchain down for f maintenance TODAY ?!
can´t even fully panic with some stash there  

[tarmi]

why the f is blockchain down for f maintenance TODAY ?!
can´t even fully panic with some stash there  

what kind of stash is that if you are holding it on blockchain.info?

[mmitech]

people keep lowering their bids on gox ...

[gizmoh]

Stamp is like 10-15$ below btc-e today...

Meanwhile... China is going back up.....

lol

4734 is back up for you...be serious..

There was a delay.... dont be a dick if you dont understand. It was up over 4800

When the trend turns, you can posture. Until then, don't let your dick get an erection too quickly..

When you talk about "trend" you should talk about long time intervals. We're talking about few hrs of price fluctuating.... The only thing got on your nerves was my statement of price going back up.
Are you shorting? lol  

Who started with the insults? I'm not the one on nerves.. When the price declines i'm happy to be in fiat  and we know ur a bull..check my previous post, as i announced bulls going to get slaughtered today..good luck.

[seleme]

Lot of nervous people today..

it's understandable, a lot of people (myself included) got in the game later than they would've liked.

if i was sitting on 10-1000x what i had originally invested like some of the people on this forum, i wouldn't care at all if it was $400 or $1000

Yeah, I understand that but you shoudln't be too nervous. YOu won't lose your money, if it crashes it will come back in few weeks or months. Always did, always will.

And you can trade altcoins in the meantime and get more coins then you had while waiting another rally.

So, unless you don't have a mortgage on your house to buy Bitcoin, and you shouldn't, you should be relaxed. Bitcoin is not going anywhere

Where do you trade altcoins, btc-e? And do you have any tips?

BTC-e mostly, yes, though I was dealing with DGC recently on Cryptsy and Bter.

No, I do not have tips, watch the market for coins with most of the volume preferably (btc-e ones has good volume, all of them), wait for drops, sell on pumps etc..

[seriouscoin]

why the f is blockchain down for f maintenance TODAY ?!
can´t even fully panic with some stash there  

what kind of stash is that if you are holding it on blockchain.info?

His party tickets fund??

[crazy_rabbit]

people keep lowering their bids on gox ...

I keep lowering my bids on stamp. Keeps dropping so fast.

[seleme]

people keep lowering their bids on gox ...

I keep lowering my bids on stamp. Keeps dropping so fast.

yeah, last 15-20 minutes it went down most.

[aazssx]

all aboard the bear train

CHOO CHOO!

[crazy_rabbit]

people keep lowering their bids on gox ...

I keep lowering my bids on stamp. Keeps dropping so fast.

yeah, last 15-20 minutes it went down most.

I'm putting my bets on that we lose at least $100 today. Hurts my little crypto heart, but at least the coins are cheap.

EDIT: I think we are seeing smaller investors in America wake up to a falling knife and trying to catch it.

[seleme]

Stamp is 40$ below Btc-e. Lol, people are shorting as hell on Bitfinex, who's gonna do it too late 

[ChefBorjan]

I had my first bitcoin dream last night, right after I sold some of my coins in preparation for a drop.

Watching the price ticker, its suddenly at double digits. I check and check again (am I using the right units? Am I looking at some obscure exchange?). Yet still... the price is double digits. As quickly as I can I race to put an order in on Stamp. The price is shooting up, and my bids keep missing! Panic! Finally I purchase some for $83... I had done it! Ten times the coins in one day!

Then I woke up....

Small mercy is that in the real world, the price didn't rise as I slept, and is actually dropping. Now to not get too greedy!

Still... it was a nice dream.

[crazy_rabbit]

We break $700 on Gox and it's gonna be one heck of a rollercoaster down.

fingers off the cold wallet........

EDIT: sorry I meant $800.

[mmitech]

wow, I think even 700 is optimistic looking to this crash, we might gow below 600 if it continue this way

[UnDerDoG81]

These mofos change their tactics all the time. Last weekend a saturday crash, this time a crash after the weekend. You never can adapt. Anyway, I think this is the bottom...

[dandannn]

It's dropping fast! Is it likely to bounce back up anytime soon?

[seleme]

I have 20k in fiat to buy if it gets really cheap, I'm not touching my btc except to buy some cheap alts if opportunity comes.

[Mad Scientist]

Sorry for the price drop guys it's all my fault, I bought BitCoin yesterday. I've only bought on the dip once so that makes me about 1 for 8 on trades.