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

[molecular]

The way coins were bought on BTCe today makes me think someone... somewhere... is running a fractional reserve and needed to acquire some BTC fast before being discovered.

I would've used a more liquid exchange for that.

[ChartBuddy]

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Explanation

[LFC_Bitcoin]

Yesterday was a nice little pump but I still can't understand why people were so amazed & shocked by it.
Emotions were running really high in this thread.

In the large scheme of things & with the potential bitcoin has a 10 dollar pump was literally nothing.
I'd understand if it'd shot up to 400 dollars but a 10 dollar rise?

Come on guys, think big.

[JayJuanGee]

I'm still waiting for my cheap bitcoins.

that BTC-E exchange totally sucks, I cannot deal with that kind of BS.

Welcome to the 21st century in the new wild west, folks need steel stomach lining for this kind of thing and it's sad to say this. This move today shook and surprised even the best of the past of us. The average interested party probably lost money today, the above average made a few bucks and the bold super-minority made a nice stake. This might be a first from btc-e.

We've been lingering in the $200s price range for more than 3 months; however, the previous year was well above $300.... in that regard, I have a hard time coming to the conclusion that we are going to witness prices going under $200 - inspite of anything being possible...

[cyclotronmajesty]

Yesterday was a nice little pump but I still can't understand why people were so amazed & shocked by it.
Emotions were running really high in this thread.

In the large scheme of things & with the potential bitcoin has a 10 dollar pump was literally nothing.
I'd understand if it'd shot up to 400 dollars but a 10 dollar rise?

Come on guys, think big.

Actually you must of missed it. BTC-e went all the way up to about 260 (by itself) and was fluctuating up and down 10 dollars in about 2 seconds. So if you could have gotten orders in between those waves.. you'd be plenty profitable in a very short time.

It was pretty outrageous.

[Wandererfromthenorth]

Ok in the end I couldn't resist and I shorted more last night
Thank you BTC-E shenanigans for replenishing my shorts  


Now partially closing to have a higher base, keeping the rest.

[ChartBuddy]

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Explanation

[Fatman3001]

Ok in the end I couldn't resist and I shorted more last night
Thank you BTC-E shenanigans for replenishing my shorts  


Now partially closing to have a higher base, keeping the rest.

There could be another push up on btc-e...

Yup, they might have just been waiting for the order book to fill up.

[ChartBuddy]

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Explanation

[ChartBuddy]

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Explanation

[h3speros]

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.

scared

[Elwar]

If you really want to impress the echo chamber you should come out with a hard hitting article about how bad Bitcoin is.

I am working on that, but by the time it is ready it will be quite irrelevant, I am afraid, one way or the other.  (Although I don't see how it could be other than the other.)

Make a big claim about the price dropping below $10 before some future date.

My esteemed colleague Professor Bitcorn made the fatal mistake of overestimating the intelligence of bitcoin investors, when he predicted that it would reach 10$ by mid-2014.  He should have heeded Barnum's Law.  I do not intend to make the same mistake.

You could follow the lead of many journalists who are just merely writing books about how Bitcoin will fail.

The key is to one-up the other socialists in demonstrating your loyalty to the party line. This gives you more credibility within the group and gives you the all mighty status which is the quest of all socialists.

It might be difficult to compete for such status, but with the free market of competition you should be able to come up with a new and more ingenious way of getting your message of Bitcoin hate to the most people so that you might gain that status income so you can be the most status wealthy person among your peers. Maybe take advantage of new technologies to give you a competitive edge against your status competitors.

Professor Bitcorn may have had a failed prediction but he gained much status among his fellow socialists. He was invited to many dinner parties and conferences because of it. But he had the advantage of first out of the gate status, that tends to help against the competition.

[ChartBuddy]

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Explanation

[nanobrain]

GOT YOUR COINS, MOTHERFUCKERS!!

How'd that work out for you....



So funny reading all those "here we go" posts 12 hours ago...."and bears be like"

yeah, yeah

[tarmi]

GOT YOUR COINS, MOTHERFUCKERS!!

"and bears be like"

I was like...




where's the fkn remote?

sitting on nice profits already.

[nanobrain]

Yesterday was a nice little pump but I still can't understand why people were so amazed & shocked by it.
Emotions were running really high in this thread.

In the large scheme of things & with the potential bitcoin has a 10 dollar pump was literally nothing.
I'd understand if it'd shot up to 400 dollars but a 10 dollar rise?

Come on guys, think big.

Er...you were posting pictures of rockets and doling out advice like it was gospel:

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

Bitcoin == its like the financial version of cocaine, everyone buys one and becomes a fucking expert in finance/forex.

[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.

scared

No, not scared, this was before the crazy BTC-E pump. I expected a small rise reaching about 230$ today, so at that time I had no reason to be scared.
If I wouldn't have been lazy (by delaying placing the short limit order for the next day), yes I would have been scared when seeing the crazy pump.
I still don't understand the BTC-E pump, need more time to see the follow-up, and am now waiting for a new low risk entry for my planned short.

[tarmi]

and what's this story about understanding what happened yesterday?

we can assume it was the stupidity of a bull (that's new  ). he was about to get margin called, needed more coins/$ to refinance his position and debt and voila - the best place to collect coins was btc-e.

now we can continue our downtrend, this merely postponed it for a day.

[Fatman3001]

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.

scared

No, not scared, this was before the crazy BTC-E pump. I expected a small rise reaching about 230$ today, so at that time I had no reason to be scared.
If I wouldn't have been lazy (by delaying placing the short limit order for the next day), yes I would have been scared when seeing the crazy pump.
I still don't understand the BTC-E pump, need more time to see the follow-up, and am now waiting for a new low risk entry for my planned short.

Is BTC-E still a black hole when it comes to info or is there any chance we will get to know what happened?

[Fatman3001]

and what's this story about understanding what happened yesterday?

we can assume it was the stupidity of a bull (that's new  ). he was about to get margin called, needed more coins/$ to refinance his position and debt and voila - the best place to collect coins was btc-e.

now we can continue our downtrend, this merely postponed it for a day.

ie a bull bought a ton of coins

bullish!!

Thanks Tarmi! I knew you would come around!