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

[nioc]

I am preparing for the "Super Crash"

Whatever is happening at BTC-e it is entertaining to watch.

[Ezmoneyezlife]

Looks like somebody hacked a BTC-E account that only had fiat in it, so the hackers had to buy BTC to withdraw them.

That's the only explanation I can find for that BTC-E pump that no other exchange followed/is following, lol

Yeah, that must be it. How's that Super Crash of yours going?

You know, if nobody believes it will crash beyond 140-150 you won't get a crash to 140-150.

?

I thought so

Ok, a serious answer:

1. There are several traders in this forum who think it's very likely that price will break current lows. Look around, I'm sure you'll find them.
2. There is a reason why people say "go against the crowd". One of the reasons it might break current lows IS because a lot of permabulls don't think it will go there. Same thing as when we were at $600, $500, $400, $300 etc.
3. The "Super Crash" is unfolding. It should increase in pace in a few days/weeks. At least that's my opinion on the market.
4. Why are you getting defensive?

Dont try to argue with blind bulls, m8. Just look at coindesk - only bad news like this one: http://www.coindesk.com/bitcoin-foundation-director-no-plans-to-fund-core-development/
Look at the charts and you will see that 160$ (atleast) is inevitable, every sane trader do see it but blind bulls wont ever admit it because they are blind and dont see the whole picture.
Bitcoin wont die but it will fall to 100-140$ within few weeks i have no doubts about it, time of bitcoin will come later this year then we are going to see >300$ per btc but not before.
For now chinese bots are doing their regular shitty job pumping a bit before a dump, it is so idiotic but traders do follow them or random buyings on btc-e (looka like a hacked account trying to cash out btc and buying), but thats their choice to go long and get rekt later, free will tho...

[luckygenough56]

this is fun actually

[Ezmoneyezlife]

this is fun actually

Yeah, small exchange doing crazy stuff and idiots are followings like lemmings, really entertaining!

[Wings1987]

this is fun actually

Out of control bot maybe? Sounds silly but when was the last time there was a $10 difference between BTC-E and Huobi?

[JorgeStolfi]

You're a liberal, he's a socialist. Those aren't dirty words. They have specific meanings.

I consider myself liberal AND socialist.  "Liberal"used to be a positive word meaning "open-minded".  Funny that it became a dirty word in the US to mean "stupid leftist" ("the 'L' word", as King Bush I used to say), whereas here in Brazil "neo-liberal" means "evil right-winger"...

[noobtrader]

wow...

the price at btce so high, compared to other exchange.

[Ezmoneyezlife]

So this is an another tiny bulltrap caused by insane bot or hacked fat account on a small exchange, classic btc "market" nowadays.

[tarmi]

this is fun actually

Out of control bot maybe? Sounds silly but when was the last time there was a $10 difference between BTC-E and Huobi?

Yep... It happend before.
If nothing else arbitrage bots will take other exchanges up and that can burn some bitfinex shorts

not sure about my shorts, but you can burn my farts

[luckygenough56]

So this is an another tiny bulltrap caused by insane bot or hacked fat account on a small exchange, classic btc "market" nowadays.

i have no idea i'm open to the craziest theorys lol

[Fatman3001]

@empowerin @WandererFromTheNorth  you might be right, we'll see

[Wings1987]

If it can break 230 looks to me like it could hit 240 pretty quickly. That would make things interesting.

[Sitarow]

[Wandererfromthenorth]

Price flat and no reason to break out. Then suddenly BTC-E (which is usually below any other market, is very illiquid and never leads price) starts going nuts and starts paying a 5% premium over other exchanges (so they timidly start to follow, very confused)


Organic growth or hacked account?

[POM]

BTC-e made my day 

[Ezmoneyezlife]

Price flat and no reason to break out. Then suddenly BTC-E (which is usually below any other market) starts going nuts and starts paying a 5% premium over other exchanges (so they timidly start to follow, very confused)


Organic growth or hacked account?

Look closely at btc-e order's execution - its a bot trading with himself/other bot, soon people will realise that is just an another silly bulltrap based on another manipulation/idiocy.

[POM]

Price flat and no reason to break out. Then suddenly BTC-E (which is usually below any other market) starts going nuts and starts paying a 5% premium over other exchanges (so they timidly start to follow, very confused)


Organic growth or hacked account?

Look closely at btc-e order's execution - its a bot trading with himself/other bot, soon people will realise that is just an another silly bulltrap based on another manipulation/idiocy.

the bot is automatically buying all orders under $230

[tarmi]

it's about burning what's left on exchanges.

bitstamp & china are dry fiat wise, bitfinex too, now it's turn for btc-e. I suspect those buys are coming from ltc.

[macsga]

it's about burning what's left on exchanges.

bitstamp & china are dry fiat wise, bitfinex too, now it's turn for btc-e. I suspect those buys are coming from ltc.

Arbitrage on the other hand works alright on the other exchanges as well. LTC or not, this (if it lasts) should head the price North.

[tarmi]

it's about burning what's left on exchanges.

bitstamp & china are dry fiat wise, bitfinex too, now it's turn for btc-e. I suspect those buys are coming from ltc.

Arbitrage on the other hand works alright on the other exchanges as well. LTC or not, this (if it lasts) should head the price North.

I say the crash is getting closer.

you are free to move your coins to btc-e.