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

[LFC_Bitcoin]

Highly invested shorters be like





PLEASE STOP

[tarmi]

I gotta ask... Tarmi, palms already sweaty? If your phone is ringing, you know very well who it could be: Margin. This rise doesn't even have to be organic, the mere fact that Finex and Huobi, et al. are following, is causing some nice short squeezes, that could end very ugly for a lot of people bears.

the mere fact that you poor fuckers cant see a shitstorm that is coming to you is what will make me rich.

[An old pal]

BEARS are in FUCKIN DENIAL and continuing to short.
DOUBLE DIGITS ON USD BALANCE SOON GUYS

[Miz4r]

Someone at BTC-e is buying like crazy, and arbitragers are buying at other exchanges in order to sell at BTC-e to that desperate guy.  

There are of course many possible explanations for that buying spree.  One of them is: someone realized, perhaps by inside information, that he would not be able to withdraw his USD/EUR/RUB balance; so he is converting it all to BTC, as fast as he can.  If that is the reason, and that hypothetical blockade affects all users, then the arbitragers will be screwed.

Now this is good speculation. I agree this is a possible explanation for what's happening right now.

[macsga]

Someone at BTC-e is buying like crazy, and arbitragers are buying at other exchanges in order to sell at BTC-e to that desperate guy. 

There are of course many possible explanations for that buying spree.  One of them is: someone realized, perhaps by inside information, that he would not be able to withdraw his USD/EUR/RUB balance; so he is converting it all to BTC, as fast as he can.  If that is the reason, and that hypothetical blockade affects all users, then the arbitragers will be screwed.

To have a perspective... how much money are we talking about here? 50 Million? This thing is getting out of hand!

[JorgeStolfi]

holding support, GBTC trading commencing with a nice squeeeze would be fun, eh doomers?

When is that due to happen?

The shareholdres themselves don't know, but this one estimates 5 more days:
https://bitcointalk.org/index.php?topic=337486.msg11213021#msg11213021

[coinableS]

Whoa what the hell just happend? Wasn't expecting that.

[LFC_Bitcoin]

Disappointed that it seems to have stopped.

[coins101]

That's all folks.

[luckygenough56]

is fiat ded 

[stackoverflow]

well this is definitely a suspicious move from a suspicious exchange, staying out of the market for now!

[rolling]

Disappointed that it seems to have stopped.

They are just waiting for sell orders to fill in so they can take another chomp.

[luckygenough56]

huobi 404 not found

[Fatman3001]

poor fuckers, I will make a ton of money on you.

Won't be poor much longer if this action keeps up

[ChartBuddy]

Coin
Explanation

[empowering]

poor fuckers, I will make a ton of money on you.

You are not very pleasant, and no amount of money will fix that you camel humping douchette  

[LFC_Bitcoin]

When do the Chinese wake up?
How will they react to this?

[coins101]

[itod]

That's all folks.

About 30k-35k BTC changed hands in last 6-7 hours on BTC-E, 11k in the last hour. Nice fireworks.

[Tzupy]

I almost placed a 3x leveraged short at 229$, but was too lazy to press the margin sell button.
Thought I had time until tomorrow to reach 229$, but now I'll have to wait a bit and see how this situation develops.