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

[BlindMayorBitcorn]

This is ridiculous.
There are some weak mother fuckers around reacting to bad news & a sell off.
I'm expecting to wake up tomorrow & see 230 USD.
Embarrassing.

Whats the bad news?  I haven't been following anything today

hectic work day

Well, the latest drug market place BTC scam.
I don't know the exact number but I think 40,000 odd coins scammed & stolen.
Presumably them being dumped caused this avalanche.

EuroTrash says 130k BTC were stolen.

according to "sources", 130k BTC were stolen:

http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/

Anyone have a link to the 130k on the blockchain?

Was that what a 130k coin dump feels like??

[12345mm]

fuuuuu uuuuu ck diddily uck ... now i'm only at $1000+ since start of the year instead of $2500+ ... god damned $40 drop in a couple hours ... seriously ? ... you sonsobitches ! ... wtf happened to looking to cross over past 300 and stay above 300 ? ... at least i'm still in the black ... but still ... do the whales realize that every time they shock slam the market for double digit % loss in a matter of hours it further erodes and damages the perception of bitcoin as being a legitimate currency/commodity/thing to invest in whatsoever ?

They don't care

Banks and governments definitely do care because obviously they still aren't too happy about this whole crypto-thing (fear of loosing power, their grip on international finance and whatnot).

Now is it really that far fetched or tinfoilish to believe this dump is (partially/once again) their work? Buy several kBTC from some big chinese miner or steal them from drug markets, dump on the exchanges and enjoy the bad vibes all around crypto-town, watch the rats leave the ship. If rats are stubborn idealists, repeat until they do.

Our gubermints obviously have the gunpowder to pull this off, a million $ or two means absolutely nothing to those guys, for us it's a double-digit percentage drop. Well, repeat until... real scarcity kicks in. The only way to win is to keep playing this game

yeah of course they *could* do something like that , the central banks anyway i can buy that they'd be actively manipulating price / willing to burn a few million to preserve the stability of hundreds of trillions in fiat currencies value ... yeah for sure ... governments don't typically intentionally try to destroy trading markets , regulated or otherwise , especially ones as small as btc at a handful of billions in total market cap / that would be off books unregulated action on the part of most governments , logistically speaking ... seems like banks would care a lot more than governments and have the ability to act by comparison ... though at times the distinction between central banks and governments seems a thin one ... but if they truly wanted bitcoin to *DIE* (and drag all other cryptocurrencies with it) it'd be pretty easy to do so ... partition about 10 million dedicated to killing bitcoin ... consume bitcoins off book until you've got the 40 or 50 K btc you need ... slam the market , rebuy at lower , slam the market again , rebuy at lower , slam the market again , repeat until dead ... basically as long as you started with a large enough pile (1/3 the value of all bids on all markets seems like enough , probably , at about 10M) and didn't care that you were losing money in the process , you could simply bash the market repeatedly almost indefinitely ... that's what i'd be doing if i ran a central bank and wanted bitcoin to die ...

[damiano]

This is ridiculous.
There are some weak mother fuckers around reacting to bad news & a sell off.
I'm expecting to wake up tomorrow & see 230 USD.
Embarrassing.

Whats the bad news?  I haven't been following anything today

hectic work day

Well, the latest drug market place BTC scam.
I don't know the exact number but I think 40,000 odd coins scammed & stolen.
Presumably them being dumped caused this avalanche.

EuroTrash says 130k BTC were stolen.

according to "sources", 130k BTC were stolen:

http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/

Anyone have a link to the 130k on the blockchain?

Was that what a 130k coin dump feels like??

lol no

130k would take us to double digits combined with the stop losses etc.. in any case dumping more than 10k at once is pointless since you don't let the market recover

[BlindMayorBitcorn]

This is ridiculous.
There are some weak mother fuckers around reacting to bad news & a sell off.
I'm expecting to wake up tomorrow & see 230 USD.
Embarrassing.

Whats the bad news?  I haven't been following anything today

hectic work day

Well, the latest drug market place BTC scam.
I don't know the exact number but I think 40,000 odd coins scammed & stolen.
Presumably them being dumped caused this avalanche.

EuroTrash says 130k BTC were stolen.

according to "sources", 130k BTC were stolen:

http://www.deepdotweb.com/2015/03/18/interview-with-nswgreat-evolution-staff-member/

Anyone have a link to the 130k on the blockchain?

Was that what a 130k coin dump feels like??

lol no

130k would take us to double digits combined with the stop losses etc.. in any case dumping more than 10k at once is pointless since you don't let the market recover

Makes sense

[Chef Ramsay]

I'm particularly interested in how all this affected the litecoin situation as I've had orders placed over the last 4 cents on the way down just because. Nothing big, just some play coinage but I'm just wondering whether the move is down further tonight/morning and then a rebound or is this ship just flat out taking on water in a large manner across the board..

[JimboToronto]

Holy moly. Went out for St. Patty's day and didn't get back until tonight.

Seems the bears were running wild while I was away.

Too bad I have to wait until morning to go and buy what I can afford.

First serious dip we've had in a while.

[KSGuy]

I rarely watch the market anymore, I just sit here and collect my coins when I can afford it.

[12345mm]

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

[WeltMaster]

Well, I only lost 15 bitcoin today...

 

[Sitarow]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

[DaRude]

If it was an attempt at squeezing longs think it's safe to say that so far it's a failure (to my surprise as well was expecting more closed longs)

[WeltMaster]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin


https://www.okcoin.com/future/blastingRecord.do

I feel like I was just a drop in the ocean today..

[abercrombie]

is crypto done?  

[dreamspark]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

[Cconvert2G36]

is crypto done?  

[Chef Ramsay]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Dude, the margin call is nasty as you've seen. Stop playing that game and trading when the vipers are typically on the other end of the game. Just buy and hold with your expendables and wait til the market comes back up instead of setting yourself up to get crunched. My God... Don't be afraid to take a minimal loss but manually sell when things get too underwater for you on your own. This is the double loss playing the trading game on the long or short that all relaxed players should chill on.

Now, you're gonna see the wrath of the trolls. I've seen this play out before and never would open myself up to this unfolding on my face like that. The vast majority of traders (like 66%+) will get nailed, that's why people should just take their stance and let it ride w/ a short stop loss in a mental fashion.

[Sitarow]

[DaRude]

Well, I only lost 15 bitcoin today...

 

that not good. Did you sell to realize those losses?

I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286.

Feeling sick, worst loss in my 3 years of trading bitcoin

Sorry about your losses, 2 words though, risk management. Never let yourself get margin called.

Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed.