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

[phoenix1]

russian bitcoin ban hammer getting closer.

just look how fast profits are leaving btc-e.

soon™.

They are desperate to get out, must have some inside knowledge.
The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges.

As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al.

Yeh, crazy action, other exchanges not following ... something ain't right  

[LFC_Bitcoin]

I'd advise people to remove funds from BTC-E as a matter of urgency.

[Sitarow]

[ensurance982]

russian bitcoin ban hammer getting closer.

just look how fast profits are leaving btc-e.

soon™.

They are desperate to get out, must have some inside knowledge.
The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges.

As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al.

Any info on BTC-e solvency?

Nah, I don't know... They've always remained very reclusive about basically everything. People don't even seem to know what country they're located in, apparently. I guess we know nothing for sure about them. They were always supposed to be the go-to exchange for illicit activities and liquidating illegally obtained coins - if that's true though... no one knows, either!

[Wings1987]

Starting to pull Finex and Stamp up but Huobi is not impressed.

[Cconvert2G36]

Well I never... Someone is willing to take huge hits just to get out.

[stackoverflow]

anyone have a clue what's up with btc-e today? back from the dead it seems  

[ensurance982]

BTC-e has always been a deeply weird place. Flash crashes and total laggardness when others were exploding. It would be a shame if it was in its death throes. I really thought it would still be ticking away long after all the other old guard had turned to dust.

Yup, I agree. It's kinda funny... All the other exchanges with audits, proves of solvency, etc. mostly experienced some hack, loss, or serious outages. BTC-e, on the other hand, always considered to be a shady exchange, always worked reliably and never actually experienced any problems. The underdog, so to say...

[LFC_Bitcoin]

Maybe a whale is getting pissed off with all the bear action and trying to drag us back upto 250.

[ssmc2]

anyone have a clue what's up with btc-e today? back from the dead it seems  

more like about to die

[Wings1987]

And quiet again.

[esse83]

BTC-e has always been a deeply weird place. Flash crashes and total laggardness when others were exploding. It would be a shame if it was in its death throes. I really thought it would still be ticking away long after all the other old guard had turned to dust.

Yup, I agree. It's kinda funny... All the other exchanges with audits, proves of solvency, etc. mostly experienced some hack, loss, or serious outages. BTC-e, on the other hand, always considered to be a shady exchange, always worked reliably and never actually experienced any problems. The underdog, so to say...

Sure, but it's only been 4 years though.. it's not like they are an old timer in any sense of time. In bitcoin history sure, but still its just a few years.

[publicjud]

Starting to pull Finex and Stamp up but Huobi is not impressed.

This could really pop if people start panic covering.

[damiano]

I think btc-e has just been goxxed

[Wings1987]

russian bitcoin ban hammer getting closer.

just look how fast profits are leaving btc-e.

soon™.

They are desperate to get out, must have some inside knowledge.
The withdrawn coins will probably be distributed and slightly increase asks / seller pressure on other exchanges.

As dangerous as this may sound - another exchange possibly going down - this still sounds like one of the more reasonable explanations, actually. Crazy price action was also one of Gox's symptoms before closing for good. Hell, even back in October/November 2013 the price on Gox was almost $100 higher than on Stamp, et al.

Any info on BTC-e solvency?

Nah, I don't know... They've always remained very reclusive about basically everything. People don't even seem to know what country they're located in, apparently. I guess we know nothing for sure about them. They were always supposed to be the go-to exchange for illicit activities and liquidating illegally obtained coins - if that's true though... no one knows, either!

Never considered the illicit activity angle but if someone need a few million dollars in BTC for such an activity. BTC-E seems like the only option and it certainly would produce the crazy charts we are seeing today.


Or the exchange is dying.

[LFC_Bitcoin]

Let's hope it goes up to about 240.

Come on keep going

[An old pal]

Shorters are Pissing their pants right now. Imagine that whale's  Fiat coming to bitfinex  

[Fatman3001]

Starting to pull Finex and Stamp up but Huobi is not impressed.

This could really pop if people start panic covering.

So, in an hour we will see if all them coins are transferred to the other exchanges and insta-dumped?

No sleep for me tonight.

[publicjud]

If you were a large investor looking to trick the market I guess buying on BTC-e much like today will net you a lot of cheap coins on the other exchange for people who think BTC-e is going under.

[Fatman3001]

Shorters are Pissing their pants right now. Imagine that whale's  Fiat coming to bitfinex  

more like fapping