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

[Fakhoury]

This is what I call a chain-reaction, thanks buddy

its as if a 747 was filling with money and then crashed into bank vault full of gold, Riches up for grabs EVERYWHERE 

This is GENTLEMEN and couldn't agree more Adam.

[montreal]

fuck this shit, i lose $233 in 4 fucking hours...-
i'm out

consider yourself fortunate

[madonnino]

I missed something? ? oh Hell another dump

[billyjoeallen]

I have that feeling bears will want to repeat sub 200$ in next few hours.

 yes, it's very likely. look at the volume. nothing like last winters crash. it's far from over.

You really think so?

hell if I know. But there's hardly any btc swaps on finex. We need those shorts to stop crashes.  

I don't know what to say to anybody who was encouraged by my bullishness. I took a mighty hit too. I may be a dumbass, but I'm a sincere dumb ass.

I hate to say it but I'm beginning to think bitcoin is dumb. I'm inclined to agree with Edward Snowden. Obviously it's flawed. The concept is good, but this kind of price movement isn't so good for Bitcoin. I'm afraid the only people who actually profit from this game are scumbags. Amirite? Most of the miners are where again? And who keeps ripping off the USA's patents?

This is OUR fault. Mine as much as anybody's and prolly more than most. We were supposed to provide liquidity.  We are the ones who stabilize the price.

[marcus_of_augustus]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

[natewelt]

Bitfinex CEO talking about crash.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Credit: https://bitcointalk.org/index.php?topic=934638.60


Edit: Listening right now. Very raw and interesting discussion.

[TerraMaster]

If it jumps up higher (say $250) that would be bullish for me. Until then though, this looks like a short lived rise and real dumping has yet to begin. Not enough volume on this crash to really call it a definitive bottom.

yes but what would be or is driving a dump? Usually something there you can put your finger on... outside of manipulation maybe

[xIronCrossx]

If it jumps up higher (say $250) that would be bullish for me. Until then though, this looks like a short lived rise and real dumping has yet to begin. Not enough volume on this crash to really call it a definitive bottom.

yes but what would be or is driving a dump? Usually something there you can put your finger on... outside of manipulation maybe

Articles crying the end of bitcoin due to the XT situation? The general public probably gets very scared when they hear things like fork 

[billyjoeallen]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume. 

[dreamspark]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume. 

Hes talking about 2013 crash before $1000+ run up.


Check the similarities.

https://www.tradingview.com/x/IpLkPD8i/

[Cconvert2G36]

Twas a margin call whale ballet like I've never seen on finex today... hory shet. Has all the other exchanges scared shitless too, and why not... scary fork happenings, over-levered bulls, the bitcoin fora becoming like north korea... Perfect. Looks like a classic capitulation, except the volume was not anything like January, not good. Either you're getting a sale right now, or this is the preview for the double digit extravaganza sale. Shows it never hurts to have some lowball bids sitting on the books. Wish I knew. But then I wouldn't tell you.

 

I am seeing some despair-ish comments around. That's usually not a bad time to pad a stash. As ever, there are some pros in this market with the funds to make it happen. I wonder what his shorts executed at on the exit, he definitely didn't get much in the 160's  while covering. I'm sure they're not complaining. What a day... being long I took a nice hit, but I have cold stuff I'll hodl to the very end, there isn't another market like it. 

[Paashaas]

More cheap coins for me, thx miss-informed panic sellers!

[podyx]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume. 

Hes talking about 2013 crash before $1000+ run up.


Check the similarities.

https://www.tradingview.com/x/IpLkPD8i/

$5k here we come!!!










or naaahh

[cyclotronmajesty]

Bitfinex CEO talking about crash.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Credit: https://bitcointalk.org/index.php?topic=934638.60


Edit: Listening right now. Very raw and interesting discussion.

Sounds like there was some lag in the system... that would explain why I sold 5-7% cheaper than my stop loss even though there was a market for it... wonder if i'll get a refund?  

I should have lost only 100$ but for some reason I lost 250$ Bitfinex.

[billyjoeallen]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume.  

Hes talking about 2013 crash before $1000+ run up.


Check the similarities.

https://www.tradingview.com/x/IpLkPD8i/

lets hope so, I'm keeping my 2 BTC profit today in crypto not fiat and won't go margin long unless we test that bottom again.  I just don't know, but I'll let my house go back to the bank before I sell my stash. It's all or nothing for me and if I have to go down with the ship, so be it. This isn't just a speculative investment. We are trying to change the world and nobody said it was gonna be easy.

[natewelt]

Yeah seems like they created a lag to try and spread the market orders out a little bit. Similar to stock exchanges except most of the stock exchanges actually trip a circuit where they freeze and allow people to catch their breath before resuming trading.

[cyclotronmajesty]

Price crashing again...

[billyjoeallen]

Yeah seems like they created a lag to try and spread the market orders out a little bit. Similar to stock exchanges except most of the stock exchanges actually trip a circuit where they freeze and allow people to catch their breath before resuming trading.

It worked out well for me. I thought my market buys weren't going through so I kept buying and buying far more than I intended (after the bottom) I actually went from 30% margin long today to 160% long before I took profits. It's kind of like the small martingale betting pattern and You will lose your ass if you play it long enough. Sometimes it's better to be lucky than smart.

[billyjoeallen]

Price crashing again...

Four Punch Pattern is a crash, a bounce, a pause (where we are now), a spike, a second bounce much higher up and then total loss of all upward momentum. This could be that pattern.

first the longs get squeezed then the shorts.

[heartastack]

So I just voted <300 on the poll