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

[NotHatinJustTrollin]

Whoa big drop all of the sudden! What's going on?

Chinese megaminers full of coins to dump have run out of patience?
Natural panic because nobody is buying anymore?

[samsonn25]

Maybe because it has been over the  236 ema the  last  4 days.

[LFC_Bitcoin]

Pump?

What the hell are people on about, the price has gone down.

[BlindMayorBitcorn]

BTC swaps on BFX up to 20,880. Gee, I wonder why bears would be short-selling if they still had any coins to dump. I'm thinking they don't.

Lesse...bears upside-down and trapped. Can't cut losses w/o driving the price up higher. And me sitting here with this big pile of fiat. Hmmmmm. think I'll buy.

When btc holds a price for a few days, it usually goes down.  Sometime today or tomorrow morning someone will dump, I am not saying a huge dump, but at least a $10 downward swing fast....like every week.
Even if what I said is not true, it prevents people like me from buying more.  Plus the auction coming up and no one having a clear picture on what they are going to do (dump before, get cheaper auction, pump after and then dump, don't dump. whatever)

Although the past is not always the best indicator of the future, I expect a dump right after the auction. THIS is the pump that comes before

Some "pump"

Indeed

[LFC_Bitcoin]

Whoa big drop all of the sudden! What's going on?

Since when is a 10$ drop a big one? Btc was boring for last 2 days and big traders decided to make some money... Simple as that. Back to 245$ in next few hours, there is to much shorts and people will start closing them if this doesn't drop lower in an hour or two  

Love the username 'Got Milk'

Lol

[Dump3er]

BTC swaps on BFX up to 20,880. Gee, I wonder why bears would be short-selling if they still had any coins to dump. I'm thinking they don't.

Lesse...bears upside-down and trapped. Can't cut losses w/o driving the price up higher. And me sitting here with this big pile of fiat. Hmmmmm. think I'll buy.

Ay, dude! When you were writing, this small dump has triggered the whole rise from 152.2$ to a bear flag.

Have fun, with what is coming now!  

[NotHatinJustTrollin]

Miners have plenty of coins to dump. Like insane quantities, do the math  
Overly optimistic bulls and cultists have run out of fiat and already bought.

The result? Everybody else panics. As they should.

That's how it works.

[D05GTO]

So funny, get a burst of ignored user posts for a no volume tiny drop.  Geez, they that desperate to promote gloom and doom?   

[Fatman3001]

Should I ignore Dump3er? I only seem to get ass-gravy from him.

[NotHatinJustTrollin]

So funny, get a burst of ignored user posts for a no volume tiny drop.  Geez, they that desperate to promote gloom and doom?  

Quoted for future hilarity. This is the beginning of the next downtrend (which never stopped, by the way).
Feel free to think I'm just trolling you.

[fonzie]

Long squeeze in the making. Still 16 mio USD. aka 70000 BTC left. That´s 50k coins @ the current price even if 100% of the shorts would close now....

BULLISH

[D05GTO]

Should I ignore Dump3er? I only seem to get ass-gravy from him.

Yup!

[fonzie]

[Fatman3001]

Should I ignore Dump3er? I only seem to get ass-gravy from him.

Yup!

Should I ignore Dump3er? I only seem to get ass-gravy from him.

'

You should probably ignore every FUD on the thread.

Done

Thanks!

[billyjoeallen]

BTC swaps on BFX up to 20,880. Gee, I wonder why bears would be short-selling if they still had any coins to dump. I'm thinking they don't.

Lesse...bears upside-down and trapped. Can't cut losses w/o driving the price up higher. And me sitting here with this big pile of fiat. Hmmmmm. think I'll buy.

Ay, dude! When you were writing, this small dump has triggered the whole rise from 152.2$ to a bear flag.

Have fun, with what is coming now!  

Well it saved me some money, getting in at a lower price!

[Dump3er]

Should I ignore Dump3er? I only seem to get ass-gravy from him.

Dude, you should not tell or ask the whole world about your life-making decisions. Press the ignore button, or don't. Nobody cares about it.  

[ElectricMucus]

I wanna drink that!

[heartastack]

So funny, get a burst of ignored user posts for a no volume tiny drop.  Geez, they that desperate to promote gloom and doom?   

Shorters.
They make money out of BTC failing. They stand to gain from their negativity. Why would someone post here that has no interest in BTC. Too easy to pick the shorters now. The real doomers have left the building, burnt.
I'll buy on the uptrend but shorters are still causing panics. Not quite time for me yet.

[magicmexican]

Good ol classic bitcoin

[Fatman3001]

I see spondoolies tech almost ran out of gear since I last checked a couple of hours ago. I don't know if that could have anything to do with the dump. People can ill afford to be tactful with these prices.