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

[thresher]

China isn't even awake yet, pull out, orders at 220, and pray that is the new bottom.

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[entertainment]

 Going down down down

[barbs]

bear trap?

?!??!

 

[Eamorr]

The tone for today's China trading is not good. Not good at all.

Japan almost awake. China an hour afterwards.

[dreamspark]

bear trap?

?!??!

 

Look at the volume, its a baby dump.

[NotLambchop]

i do declare it is getting mighty hot in here

Cheer up!  Bitcoin only goes up to give you false hopes & slam you back down.  Happens all the time, get used to it



*Your timing for "quote me" was spot-on tho.

[marcus_of_augustus]

trapped ...

http://www.telegraph.co.uk/news/worldnews/europe/poland/11375691/Jewish-leader-trapped-and-arrested-inside-Auschwitz.html

[barbs]

bear trap?

?!??!

 

Look at the volume, its a baby dump.

I'm going to go to the bathroom I think everything will be fine

[thresher]

bear trap?

?!??!

 

Its not bear trap........slow allowing people to buy up towards 240, and hammering them right before.  A short from 239 to 233 alone can make someone money, imagine now a short to 215 with a thousand btc that will be dumped at some point, like it has been, everyday this week.

[Sitarow]

[dreamspark]

bear trap?

?!??!

 

Its not bear trap........slow allowing people to buy up towards 240, and hammering them right before.  A short from 239 to 233 alone can make someone money, imagine now a short to 215 with a thousand btc that will be dumped at some point, like it has been, everyday this week.

Don't forget you have to buy back to close a short. How much money can you really make? $600 bucks at the risk of shorting a 100 coins?

[drbrock]

I am declaring the billyjoeallen pump officially on. After my initial buy of $2,000 worth today, I will buy a minimum of 1 BTC per day for the next 100 days regardless of price going up or downor until the shorts get squeezed whichever comes first.

I like it when your bullish. 

"I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it.  I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks."

What he/she said... Im a small holder but I just bought myself another one woop. FUCK WORLD TRADE

[Sitarow]

420pm


430pm

[thresher]

bear trap?

?!??!

 

Its not bear trap........slow allowing people to buy up towards 240, and hammering them right before.  A short from 239 to 233 alone can make someone money, imagine now a short to 215 with a thousand btc that will be dumped at some point, like it has been, everyday this week.

Don't forget you have to buy back to close a short. How much money can you really make? $600 bucks at the risk of shorting a 100 coins?

600 bucks off 100 coins 30 leveraged (6900ish) in a less than 3 hours.  I would do that in a heartbeat if I had the know how and the balls to lay 30 coins.  

[arvindr]

How long till 240 breaks

  Next bull run will be so huge we can't even imagen 

Isn't that from 3-4 months back when paypal announced it . Or is it something new ?

[Wary]

Idk, I don't trade but something seems wrong with coin movements lately. Coinport does live proof of reserve and their whole exchange is open source so other exchanges have no excuse for not implementing it too:
https://exchange.coinport.com/coin/BTC
http://www.coindesk.com/new-hong-kong-bitcoin-exchange-offers-customers-extreme-transparency-measures/

There's more up to date methods using multisig for user controlled balances too and any exchange that keeps up to date with transparency deserves promotion, those that don't should be considered scams with fake coins on their books, they've no other reason for hiding their reserves.

It's not necessarily intentional hiding. Replacing their current software with new, transparent one is not an easy thing to do. Even integrating third-party opensorce system, with proper and thorough testing is a big project that requires a lot of time and money. They need very good reasons to spend these money, like risk of going out of business. Your post gives them more reasons to do it. Thanks for it.

[YourMother]

When BitBulb will finally collapse, i hope that this Forum will stay alive forever (i'm willing to donate). Future generations will be privileged to navigate through it, as it will provide tens of thousands of pages containing pure imbecility and fountains of comedy.

The story of an invisible Japanese man that invents a world of warcraft wrath of the lich king currency, premines 1 million tokens of this tulip+beanie babies on steroids, unusable and exploitable trash and then all of a sudden decides to get the fuck out of the game. Little did he knew that this prototype ponzi pyramid project was going to create all sorts of monstrosities shortly after.

[findftp]

I am declaring the billyjoeallen pump officially on. After my initial buy of $2,000 worth today, I will buy a minimum of 1 BTC per day for the next 100 days regardless of price going up or downor until the shorts get squeezed whichever comes first.

I like it when your bullish. 

"I don't care about the busts. I am riding this pig wherever it takes me. If it tanks, I'll have a helluva story to tell. I'm sick of half measures. I'm swinging for the fences and If I strike out, so be it.  I won't be some mediocre drone living a life of quiet desperation. I believe in bitcoin and I'm going for broke, knowing the risks."

Oh, man. I feel the same.
In the past I sometimes went to the casino with only an embarrassing story afterwards.
But bitcoin,.. wow. How could you ever feel embarrassed

Never went to a casino afterwards... already profit!

[Sitarow]

How long till 240 breaks

  Next bull run will be so huge we can't even imagen 

Isn't that from 3-4 months back when paypal announced it . Or is it something new ?

Braintree recently launched their SDK for Bitcoin payment processing and PayPal won't be far behind.

[esse83]

Nice to see that BTC continues its pattern of being a pump and dump scheme - just like Bill Gates said But its a lot of fun! But not the future of anything, just trash basicly.