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

[NotLambchop]

How about a hug, Tiger?

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Hmm looks like a few longs were spooked

Down to 15.9mill now

I'm ok with that.

[BlackSpidy]

Normally: "BITCOINERS ARE SO AND SO!"
When called out about it: "I wasnt talking about you".
Why waste time on trolls and people prone on making bullshit generalizations and are only here to say "bitcoins be total failure"?

[podyx]

I noticed this before on the orderbook



Anyone else finds that weird?

[Dump3er]

Normally: "BITCOINERS ARE SO AND SO!"
When called out about it: "I wasnt talking about you".
Why waste time on trolls and people prone on making bullshit generalizations and are only here to say "bitcoins be total failure"?

Are you crying, too?

[Fatman3001]

Normally: "BITCOINERS ARE SO AND SO!"
When called out about it: "I wasnt talking about you".
Why waste time on trolls and people prone on making bullshit generalizations and are only here to say "bitcoins be total failure"?

Most of us don't. But silverfuture is rich and can do and say what he wants without losing much sleep over it, so he does. And as someone said some pages ago, "bitcoiners are nerds", so pointless cat fights are our bread and butter.

But I agree: don't quote trolls

[Fatman3001]

I noticed this before on the orderbook



Anyone else finds that weird?

I would think that would be a bot carving up some coins. Or are you thinking of something else?

[silverfuture]

Normally: "BITCOINERS ARE SO AND SO!"
When called out about it: "I wasnt talking about you".
Why waste time on trolls and people prone on making bullshit generalizations and are only here to say "bitcoins be total failure"?

Are you crying, too?

No, he's expressing incredulity at the ultimate sucking of some of the trollish beings that flock here here like you.

I think you just automatically assume that everyone one here has lost money because they bought in within the last year and is afraid of the big bad bear.

If those who already bought higher didn't already sell earlier, the most logical thing to do now would be to either sell and walk away for good, or hold and buy more at the point where we see a clear reversal of the bear trend. It's not clear that the reversal has happened yet but the price has been very stable for the last 30 days.  

[podyx]

I noticed this before on the orderbook



Anyone else finds that weird?

I would think that would be a bot carving up some coins. Or are you thinking of something else?

Well, the 237.47 order is mine so I just thought it was a strange coinicidence. Or somebody is trolling me

I wouldn't care about it if it wasn't for the strange incident that happend yesterday night. Also, what kinda makes it more suspicious is that it struggled to go above $237.46 for a solid hour

[Dump3er]

It's not clear that the reversal has happened yet but the price has been very stable for the last 30 days.

Are you sick?!

That's a far too reasonable statement for the typical Bitcoin bull.

[marcus_of_augustus]

pretty pathetic bear raid attempt by the greedy noisy, bearpig trolls ... seems like it had to be done though as price was breaking out sideways so they are getting extremely desperate now, as we can tell from the synchronised hating fest that seemingly came from nowhere in time for the quietest time of the market ... chinese NY over tomorrow and fiat starts hitting the exchanges again, need to paint the tape for that

[silverfuture]

It's not clear that the reversal has happened yet but the price has been very stable for the last 30 days.

Are you sick?!

That's a far too reasonable statement for the typical Bitcoin bull.

I'm not a bull although sometimes I get carried away thinking the value will rise before it's time. I'm a full fledged member of the Bitcoiner Society Of Distinguished Gentlemen and Ladies. We don't give tribute to animal spirits being the pragmatists that we are.

[Fatman3001]

I noticed this before on the orderbook



Anyone else finds that weird?

I would think that would be a bot carving up some coins. Or are you thinking of something else?

Well, the 237.47 order is mine so I just thought it was a strange coinicidence. Or somebody is trolling me

I wouldn't care about it if it wasn't for the strange incident that happend yesterday night. Also, what kinda makes it more suspicious is that it struggled to go above $237.46 for a solid hour

There is no such thing in BitcoinLand. But I don't know then, and I dare not speculate. We don't need more fuckery from stamp.

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

It seems that banks in China do not reopen all at the same time after the New Year holidays.  (The bitcoin media could help traders by researching and posting the exact dates; but that would break a long and glorious tradition of uselesness and misinformation.)

Last year, price remained fairly stable while the Chinese banks were closed (about 2014-01-30 to 02-06).  Then in two days it dropped from ~800 USD/BTC to ~700 (~12%).  The drop apparently started on 02-06, but most of it happened on 02-07.

Perhaps the Chinese traders who spent more than they planned during the holidays needed to take some cash out to pay bills.  But the MtGOX saga was unraveling too at the time, and it may have contributed too.

A 12% drop this time would be maybe 30 USD, not as noticeable as 100 USD was then.  There was a ~40 USD drop from ~315 on 2015-01-03, just before Bitstamp got hacked.  There was another drop by ~70 USD from ~270 on 2015-01-13 (not counting the extra ~50 USD that bounced back almost immediately).

[BlackSpidy]

Crying? Heh. Why would I?  
A bitcoin is a bitcoin, no matter what the exchange. Sure, I'm always hoping for the price to be up, and bitcoin's volatility is a huge issue with the digital currency... and yet, bitcoin works as a currency. People exchange goods and services for this digital curiosity.
As a currency, it is a success. As a mainstream currency... not (yet). I'm not fond of "bitcoin is due to fail, and it's shit. Heh, bitcoiners and their BTCeanies" comments. That is all.

[sickhouse]

So, speculators how long untill it bounces back? Or will it bounce back?

[billyjoeallen]

Hmm looks like a few longs were spooked

Down to 15.9mill now

That lowers the chance for another long squeeze double bottom or lower. If this is indeed a trader's (as opposed to buyer's, seller's or holder's market), then the real money is in the forced liquidation of leveraged positions short and long. That means binary outcomes.

Longs still substantially outnumber shorts and in the past that meant the next big squeeze is on the shorts. In other words, see through the chop and we're still moving up.

I could be wrong though, so anyone who's nervous can sell and that's fine with me.

[derpinheimer]

I noticed this before on the orderbook



Anyone else finds that weird?

I would think that would be a bot carving up some coins. Or are you thinking of something else?

Well, the 237.47 order is mine so I just thought it was a strange coinicidence. Or somebody is trolling me

I wouldn't care about it if it wasn't for the strange incident that happend yesterday night. Also, what kinda makes it more suspicious is that it struggled to go above $237.46 for a solid hour

Bahaha! I did this sort of stuff when I actively traded too. Endlessly one-upping peoples orders when you could tell they were human.