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

[dsly]

what happened??

Price is fluctuating. Something new...

Something new ?

[billyjoeallen]

I would normally have expected more of a drop over a banking holiday weekend, but I guess I got caught up in the irrational exuberance. Anyway I am adding to my positions a little cheaper now, so it's really a good thing.

I still think we have a real short squeeze coming and I'm just gonna keep buying until we do, but it may take a little longer. The pattern DOES get flatter every cycle.

[NotLambchop]

...Anyway I am adding to my positions a little cheaper now, so it's really a good thing.
...

[JorgeStolfi]

I would normally have expected more of a drop over a banking holiday weekend

It seems that banks will be closed in China from 2015-02-18 to 2015-02-24 inclusive, for the Chinese New Year holidays;
give or take a couple of days: http://www.123newyear.com/bank-holidays-2015/china.html

IIRC, in 2014 Chinese banks were closed from 2014-01-30 to 2014-02-04, and did not fully open until 2014-02-07.  Price was relatively stable during that week (mostly 800--815), but dropped on 2014-02-07 to ~700 and kept trending down since then.

[ChartBuddy]

Coin
Explanation

[finnile]

I would normally have expected more of a drop over a banking holiday weekend

It seems that banks will be closed in China from 2015-02-18 to 2015-02-24 inclusive, for the Chinese New Year holidays;
give or take a couple of days: http://www.123newyear.com/bank-holidays-2015/china.html

IIRC, in 2014 Chinese banks were closed from 2014-01-30 to 2014-02-04, and did not fully open until 2014-02-07.  Price was relatively stable during that week (mostly 800--815), but dropped on 2014-02-07 to ~700 and kept trending down since then.

Since an assumption is made chinese are dumpers, so maybe we would see a pump

[abercrombie]

I would normally have expected more of a drop over a banking holiday weekend

It seems that banks will be closed in China from 2015-02-18 to 2015-02-24 inclusive, for the Chinese New Year holidays;
give or take a couple of days: http://www.123newyear.com/bank-holidays-2015/china.html

IIRC, in 2014 Chinese banks were closed from 2014-01-30 to 2014-02-04, and did not fully open until 2014-02-07.  Price was relatively stable during that week (mostly 800--815), but dropped on 2014-02-07 to ~700 and kept trending down since then.

Yea, we won't have any incoming liquidity to the Chinese Exchanges from this week until mid next week, at the earliest.  

I trade on Bitfinex so I had to wire a ton of cash last week.

[ChartBuddy]

Coin
Explanation

[aztecminer]

well that was fun. lets do that again: https://www.facebook.com/video.php?v=10152597358946795&fref=nf

[razorramon]

well that was fun. lets do that again: https://www.facebook.com/video.php?v=10152597358946795&fref=nf

this video just made me bearish

[GreekGeek]

Since an assumption is made chinese are dumpers, so maybe we would see a pump

my thoughts exactly

[damiano]

Down to 14.6k shorts now

Interesting

[aztecminer]

I don't buy this Bter hacked shit. It's clearly an inside job.

It has to be they said it was robbed from the 'cold wallet" .......

BTER bears got short squeezed cause the entire exchange to go down.

[ChartBuddy]

Coin
Explanation

[dakota neat]

no exchange hack today? lol

[NotHatinJustTrollin]

no exchange hack today? lol

Not a hack, but this exchange just announced that they will close soon:

https://www.netagio.com/


lol

[ErisDiscordia]

Can't decide which is worse: the maniacal trollfest when the price is going down, or the deafening silence and boredom when trolls have left because price is stable/going up.

[(Lithium)]

Can't decide which is worse: the maniacal trollfest when the price is going down, or the deafening silence and boredom when trolls have left because price is stable/going up.

I see at least 3 trolls in recent posts, and we are stable now...

[roslinpl]

Can't decide which is worse: the maniacal trollfest when the price is going down, or the deafening silence and boredom when trolls have left because price is stable/going up.

This is not the best thread to talk about it.

Price is making hard times to speculate what and when will happen.

For now on - price depends on how many people will join into the world of Bitcoin and how many of them will want to buy a bitcoin

We are in the early stage of what bitcoin will bring to us in the future.

Price is looking good for now

[ChartBuddy]

Coin
Explanation