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

[Stevenirving]

Ok what is causing this???
Yes it has been going down fast, but this is insane!!!!!

Praying this is manipulation so the biggest whales can get cheap coins and now it will rebound to over 300.
Who is praying with me?

[akujin]

 

[matt4054]

Wow wow wow... no resistance here

[chromosoma]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

[Fatman3001]

Am I the only one worried about a flash crash here?

Worried? How can it get flashier than this?

[ShroomsKit]

There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?

to play arb probably

There is no manipulation - Blitz

[noobtrader]

and this aint even saturday.  

[Tzupy]

There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?

Manipulation, to fool bidders and then dump hard, this shouldn't be allowed. (BTW, I'm still short)

[inca]

Am I the only one worried about a flash crash here?

Worried? How can it get flashier than this?

I mean down through the orderbook..

Edit: should have moved all my coins out of storage..oh well

[noobtrader]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

i say 150...

[Fatman3001]

Ok what is causing this???
Yes it has been going down fast, but this is insane!!!!!

Praying this is manipulation so the biggest whales can get cheap coins and now it will rebound to over 300.
Who is praying with me?

Less praying, more buying. I don't think Bitcoiners are much in favor if He must pick sides.

[ShroomsKit]

Ok what is causing this???
Yes it has been going down fast, but this is insane!!!!!

Praying this is manipulation so the biggest whales can get cheap coins and now it will rebound to over 300.
Who is praying with me?

And again. This is getting boring.

What the hell is happening?

Here we go again...

If Bitstamp is back with improved security and no one got Goxed, why are we going nowhere but down?

Jesus Christ! Do i need to explain it again?

Look there are 4 types of Bitcoin users left:

The consumer: This is a very, very small %. They buy coins and spend them. Regardless of the price.

The bagholder: a small group of delusional idiots who keep yelling that we're about to go up, no matter how bad the market is.

These 2 groups don't control the price.
The 2 other groups do control the price and are the reason we're going down.

The early adopter: this big group of people just keeps cashing out. The smart ones did it early last year, the less smart ones have been doing it the rest of the months and even today.

The trader: by far the biggest group. This is the pump and dump you keep on seeing. Sell high, buy low. But the lows keep getting lower. Right now 270 is high. So guess what, they will take the price to 220 to buy low. They will repeat this all the way to 0.  

The group we don't have and which we need are new users. Well, after 6 years we can safely say they won't show up anymore.

Now fucking stop asking why the price is going down. 90% of the "users" of Bitcoin just use it to make short term money and don't give a shit about the technology. They will keep raping Bitcoin till it's dead.

[Davyd05]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

i say 150...

dont worry ill just mine with my computer i got this

[luckygenough56]

Just bought 85.43 BTC in 3 transactions @ 250$
It just feels so good. Feels so good.
Cant be mad about it.
ooooooo

for academic purpose

[2dogs]

Ok what is causing this???
Yes it has been going down fast, but this is insane!!!!!

Praying this is manipulation so the biggest whales can get cheap coins and now it will rebound to over 300.
Who is praying with me?

Put the pipe down, my friend...

[Fatman3001]

There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?

Manipulation, to fool bidders and then dump hard, this shouldn't be allowed. (BTW, I'm still short)

LOL!!!

What phase are we in when even bears are offended by the dumps?

[GreekBitcoin]

>>Are we going to see 100000$ in 2015?

[Sitarow]

There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?

We are entering the new price range that will make those who mine and dump and are using bitcoin as a means to raise funds stop operations and move onto more rewarding means.

Those who understand the value bitcoin has will seize this opportunity and capitalize on it.

Those who have used this downward trend most likely will find how short sighted they were. Similar to the early adopters.

Ultimately the open market will decide its value.

I do not base my speculative perspective solely on experience. There are other factors at play that have been extensively discussed about.

All one way or another will decide who they will be.

[NotLambchop]

...should have moved all my coins out of storage..oh well

Oh, you'll be fine,,,

[Thomas-s]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

i say 150...

dont worry ill just mine with my computer i got this

Nope.
I've been saying since a few months ago, I'll buy Bitcoin under 100 and I'll get them for under 100.