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

[damiano]

o wow another round of shorts opened up

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Btc-e dipped to $228 for a while. Didn't want to see the the 220s again.

@Damiano we need more than that to get a proper squeeze. And I don't believe in a squeeze before the sr-coin auction anyway. However, if the bottom is as firm as it looks, we could have a helluva a spring waiting for after the auction.

[NotLambchop]

If you want to know the cause of recent dumping, Bitcoin's premiere securities exchange, Havelock, went dark yesterday
https://www.havelockinvestments.com





lol just kidding, disregard.  Everyone knows that Bitcoin securities are 95% fraud & 5% incompetence, fail & AIDS.  Bitcoin's about gambling, not business & IRL.  I believe Mr. Warren Buffett has put it best by saying "It's a mirage."

[inca]

Shorts near 21000.

 

[palickpre]

If you want to know the cause of recent dumping, Bitcoin's premiere securities exchange, Havelock, went dark yesterday
https://www.havelockinvestments.com





lol just kidding, disregard.  Everyone knows that Bitcoin securities are 95% fraud & 5% incompetence, fail & AIDS.  Bitcoin's about gambling, not business & IRL.  I believe Mr. Warren Buffett has put it best by saying "It's a mirage."

Scam every day... they are killing BTC investors, dont worry guys, we can buy meanwhile

[NotHatinJustTrollin]

Bitcoin:


https://www.youtube.com/watch?v=4es9IYwdFbM



 

[damiano]

Btc-e dipped to $228 for a while. Didn't want to see the the 220s again.

@Damiano we need more than that to get a proper squeeze. And I don't believe in a squeeze before the sr-coin auction anyway. However, if the bottom is as firm as it looks, we could have a helluva a spring waiting for after the auction.

We would need probably 25k minimum, but I'm more worried on the ask side if a squeeze were to occur.

[inca]

Btc-e dipped to $228 for a while. Didn't want to see the the 220s again.

@Damiano we need more than that to get a proper squeeze. And I don't believe in a squeeze before the sr-coin auction anyway. However, if the bottom is as firm as it looks, we could have a helluva a spring waiting for after the auction.

We would need probably 25k minimum, but I'm more worried on the ask side if a squeeze were to occur.

Whilst it is tempting to agree things will coil until the auction I don't think we can be certain. This time the coins are valued far lower, and are therefore much easier to purchase. Also the auction had no direct effect on the price the previous two times and so why expect anything spectacular this time?

[NotLambchop]

...Whilst...

Poppycock. Balderdash!

[Jacksp]

Bitcoin:

https://www.youtube.com/watch?v=4es9IYwdFbM



 

No yet

[adaseb]

So why the sudden drop? Some negative news came out in the last hour or so? just woke up

[fonzie]

Lulz from the Bitfinex thread:

I have negative balance without any margin trading.
Has anyone seen something like this?

Edit:
Yeah, have seen this on MtGox before and dozens of others alt-coins exchanges before they collapsed.  

[Fatman3001]

Btc-e dipped to $228 for a while. Didn't want to see the the 220s again.

@Damiano we need more than that to get a proper squeeze. And I don't believe in a squeeze before the sr-coin auction anyway. However, if the bottom is as firm as it looks, we could have a helluva a spring waiting for after the auction.

We would need probably 25k minimum, but I'm more worried on the ask side if a squeeze were to occur.

Whilst it is tempting to agree things will coil until the auction I don't think we can be certain. This time the coins are valued far lower, and are therefore much easier to purchase. Also the auction had no direct effect on the price the previous two times and so why expect anything spectacular this time?

If we have changed to an up trend and the auction keeps the price artificially low while swaps are building up, then that might bring about something spectacular.
The last two times we were obviously in a bear market. But we still haven't broken the nov/dec 2014 pattern properly so I'm not sure if anything will be different. We've had 1 month of green 1d macds today though. Makes the bottom feel firm and nice.

[NotHatinJustTrollin]

Lulz from the Bitfinex thread:

I have negative balance without any margin trading.
Has anyone seen something like this?

Edit:
Yeah, have seen this on MtGox before and dozens of others alt-coins exchanges before they collapsed.  

Last time I heard about "negative balances" was in december 2013 when users from CRAPtsy (the unreliable shitcoin exchange) were able to withdraw more coins they had (basically stealing from other user's balances without knowing it),  

[h3speros]

Time for blood, join the red team or get squashed

[inca]

If we have changed to an up trend and the auction keeps the price artificially low while swaps are building up, then that might bring about something spectacular.
The last two times we were obviously in a bear market. But we still haven't broken the nov/dec 2014 pattern properly so I'm not sure if anything will be different. We've had 1 month of green 1d macds today though. Makes the bottom feel firm and nice.

Fair point..shorts building nicely. Not long until they caught off guard by 20,000 coins unexpectedly bought in a few hours again lol.

[fonzie]

Bitcoinbuilder goxbtc gettin ready to sell. A 90% haircut still seems almost fair.  

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[Sitarow]

[ChartBuddy]

Coin
Explanation