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

[Sitarow]

I doubt it will be a problem. The retarget might be steep, but to be honest miners are an exceptionally irrational bunch. Moreso than catcoin.

Besides, it's winter in the northern hemisphere and Bitcoin would have to go a lot lower before the value of the heat generated by a miner loses it's edge over natural gas.

Personally I am not convinced there is a need to adjust the Bitcoin difficulty re-target %. This opens up a business opportunity for payment processors for those transactions that just can't wait.

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[twiifm]

Support is barely holding w no volume.  Looks like massive breakdown will ensue

[cbeast]

https://mobile.twitter.com/enej_p/status/464687586800570369/photo/1

 

fake

[lyth0s]

WOW. I just went full retard  (lots of coins) and shorted on 20x leverage all the way from $235 to $223 and made BANK. I have a nice little new found wealth

[twiifm]

WOW. I just went full retard  (lots of coins) and shorted on 20x leverage all the way from $235 to $223 and made BANK. I have a nice little new found wealth

Who's giving 20x leverage?

[podyx]

bitcoin price since 2015

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[BitAddict]

I doubt it will be a problem. The retarget might be steep, but to be honest miners are an exceptionally irrational bunch. Moreso than catcoin.

Besides, it's winter in the northern hemisphere and Bitcoin would have to go a lot lower before the value of the heat generated by a miner loses it's edge over natural gas.

But it is a huge pain to send bitcoins when you want to use them as soon as possible. If you need 3-6 confirmations you could get stuck for few hours.

[Sitarow]

Support is barely holding w no volume.  Looks like massive breakdown will ensue

Its been 2 hours since the volume has subsided.

Seems people have halted the aggressive trading.

2Hour Volume Now


Daily Volume Now


Daily Volume 2 Hours ago.

[Sitarow]

I doubt it will be a problem. The retarget might be steep, but to be honest miners are an exceptionally irrational bunch. Moreso than catcoin.

Besides, it's winter in the northern hemisphere and Bitcoin would have to go a lot lower before the value of the heat generated by a miner loses it's edge over natural gas.

But it is a huge pain to send bitcoins when you want to use them as soon as possible. If you need 3-6 confirmations you could get stuck for few hours.

When we had that small issue back in 2013 many exchanged BTC to LTC at exchanges and used that for the 6 or so hours.

LTC does have a place.

[derpinheimer]

This is so fucked up. Am I dreaming? I must be. This downtrend is quite honestly unbelievable.
Must be early adopters finally freaking out and dumping?

[YourMother]

https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/

Firstly，some news maybe are not true，it only flows in the weibo or QQ.（what is weibo or QQ，u can see them as facebook or skype，or log on wikipedia）
 
1、Chinese famous finance investor Duan Hongbin（端宏斌） said that he has selt out all of his bitcoin by his official weibo and invest all money in chinese a stock and Hongkong stock.
2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps.
3、Some bitcoin investor have submitted the report about Okcoin's illegal future operation to Chinese legal operation depatment.This news flowed from weibo and there are the pictures about the report files.
4、Many people and i suspect that OKCoin and Huobi sell the fake bitcoin in their exchange,their trading volume(about bitcoin future) and real trading data is not corresponding
5、Many Chinese big V（investor holding many coin or cash）have transfer their eyes onto the a stock or Hongkong stock，especially when the Shanghai-Hongkong Stock Connecting  started.And recently Chinese a stock trading volume have surpass the American sum stock trading volume and first reach1000bil CNY.So many money has flowed into the Chinese A stock.
6、Some weibo said that some professional bitcoin investor teams are all short-selling and accumulate the single investors into the investing QQ group.It is like illegal money accumulation.
 
At last: i also want to say WTF Chinese for those bad guys

Thanks! I just got the fuck out of OKCoin. They always seemed shady with all the volume faking and everything. It seems pretty tempting to trade right now considering the volatility, but i'm starting to smell a GOXX coming from one of these exchange companies.

Also, WTF...

[inca]

https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/

Firstly，some news maybe are not true，it only flows in the weibo or QQ.（what is weibo or QQ，u can see them as facebook or skype，or log on wikipedia）
 
1、Chinese famous finance investor Duan Hongbin（端宏斌） said that he has selt out all of his bitcoin by his official weibo and invest all money in chinese a stock and Hongkong stock.
2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps.
3、Some bitcoin investor have submitted the report about Okcoin's illegal future operation to Chinese legal operation depatment.This news flowed from weibo and there are the pictures about the report files.
4、Many people and i suspect that OKCoin and Huobi sell the fake bitcoin in their exchange,their trading volume(about bitcoin future) and real trading data is not corresponding
5、Many Chinese big V（investor holding many coin or cash）have transfer their eyes onto the a stock or Hongkong stock，especially when the Shanghai-Hongkong Stock Connecting  started.And recently Chinese a stock trading volume have surpass the American sum stock trading volume and first reach1000bil CNY.So many money has flowed into the Chinese A stock.
6、Some weibo said that some professional bitcoin investor teams are all short-selling and accumulate the single investors into the investing QQ group.It is like illegal money accumulation.
 
At last: i also want to say WTF Chinese for those bad guys

Some clarification: https://xrptalk.org/topic/5092-some-news-from-china-about-the-bitcoin-price-drop/?p=61839

enrique11, on 13 Jan 2015 - 9:41 PM, said:
That's the interesting part that I don't understand.  What is going on with xrp in all this. From stephanlau's 2 point above it doesn't sound good:
 
"2、Chinese famous  finance investor don't issue that he has cleared out his all xrps,From his last xrp holding issue,he can't issue any important topics about his xrps."
 
This is he weibo
 
http://weibo.com/cha...eibo_s&nick=薛蛮子
 
He didn't say : clear xrp

 

Will you take the ripple clap trap to a ripple forum please. We are concentrating on buying all the bitcoins here thanks.

[derpinheimer]

The Chinamen:

[YourMother]

The Chinamen:

Yeah, i really wouldn't wanna get scammed by a ridiculous motherfucker like this

[Richy_T]

with bitcoin market like this anyone can sleep at night what will happen tommorrow ?

 

[BitChick]

The pictures some of you are posting on here are more painful than the price drop. 

[sonofliberty]

New lows incoming!!

[derpinheimer]

The pictures some of you are posting on here are more painful than the price drop.  

You mean that you didn't like my selfie?

New lows incoming!!

[img]img]

That's awesome, nice photoshopping there

[blade87]

Interesting how LTC isn't going with this at all recently. It's risen quite a good bit against BTC because its price has been a lot more stable while BTC has been free falling. Maybe LTC just can't be made more dead than it already is.