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

[bri912678]

And china +30$??

Surrealist

I think it is an error with the Bitcoinwisdom conversion rate.

Impossible such gap be maintained for so long

It's going down in China, but it's a slower motion dump than the fast dump straight down that we just experienced. Most of them are probably sleeping, but when they wake up to see the nightmare day we had they will probably start mass panic dumping too. Their night owls were the lucky ones who had the chance to dump before the rest wake.

[Fatman3001]

...

Is that about Project Orion?

No, of course not.

It's about something completely different that wasn't a flop.

[tarmi]

I love a good bull run but we goin' down.

[dothebeats]

I love a good bull run but we goin' down.

be careful, this thing looks evil .. swept all the noob stops and then heads higher to wipe out all the new shorts again.

Will see how this pans out. If you're a long term holder, you'll be entertained to watch these kind of shows.

[Divitiae miserae]

Rip Kraken

[Spaceman_Spiff]

I love a good bull run but we goin' down.

[ChartBuddy]

Coin

Explanation

[koryu]

nothing to watch here, I am sure bull trend will be still intact after this dump. New money is waiting to join the party.

[peonminer]

I still need 13.5 more before I'll be back where I was though, like I said a couple days ago, if anyone is feeling generous, I feel I'm a deserving candidate after my recent bad luck, for real, very for real 

What happened?

I'm afraid to say in very much detail, because I have a lawyer, and you know how they are, they always recommend you don't talk too much about stuff to anyone. But long story short, I had to cash out all of my bitcoins at $238 to pay for the lawyer, but before that I was strictly hodler since 2013, average buy-in for me was $88.. This to me feels like the launch to the moon I've been waiting for ever since the fall from almost $1200 

LLa did you buy @ $1200

[xxxxxzzzzz]

And china +30$??

Surrealist

I think it is an error with the Bitcoinwisdom conversion rate.

Impossible such gap be maintained for so long

Nope , not an error with the conversion rate. That gap is real. It's totally fucked up and weird , but it's real. Don't trust me , just check the current CNY USD rate anywhere on the web , then do some basic math , and you can see for yourself it is totally spot on with what bitcoinwisdom is showing. My guess is , traders on finex stamp coinbase etc at this point collectively do not trust the huobi okcoin btcchina etc rates to not be artificially inflated , and so they're actively buffering the price with a ~$20-30 gap at the moment. That , or traders are anticipating a severe devaluation of the CNY in the next couple days and are unwilling to risk any amount of time being in CNY instead of USD or EUR , therefore arbitrage is not happening at a high enough volume to bring the exchanges into line with one another. Still , it's totally nuts that arbitragers haven't brought the interexchange rates into sync by now.

[Dilla]

Still above 310 you guys are so overdramatic.

[ImI]

funny to see how the volume at gemini completely dies at the weekend

[SnokkomBTC]

Still above 310 you guys are so overdramatic.

we are overdramatic because we want only green candles

[Fatman3001]

I still need 13.5 more before I'll be back where I was though, like I said a couple days ago, if anyone is feeling generous, I feel I'm a deserving candidate after my recent bad luck, for real, very for real 

What happened?

I'm afraid to say in very much detail, because I have a lawyer, and you know how they are, they always recommend you don't talk too much about stuff to anyone. But long story short, I had to cash out all of my bitcoins at $238 to pay for the lawyer, but before that I was strictly hodler since 2013, average buy-in for me was $88.. This to me feels like the launch to the moon I've been waiting for ever since the fall from almost $1200 

So you had to cash out because you had expenses. That sounds like an extraordinary situation. I'll have to see if I can redirect some of the money that was supposed to go to Oxfam.

[SnokkomBTC]

funny to see how the volume at gemini completely dies at the weekend

weekend for institutional investors  

[ssmc2]

Week-end dips are so 2013 ...

2016 is the new 2013

[Morecoin Freeman]

I still need 13.5 more before I'll be back where I was though, like I said a couple days ago, if anyone is feeling generous, I feel I'm a deserving candidate after my recent bad luck, for real, very for real 

What happened?

I'm afraid to say in very much detail, because I have a lawyer, and you know how they are, they always recommend you don't talk too much about stuff to anyone. But long story short, I had to cash out all of my bitcoins at $238 to pay for the lawyer, but before that I was strictly hodler since 2013, average buy-in for me was $88.. This to me feels like the launch to the moon I've been waiting for ever since the fall from almost $1200 

Ah okay, you did good with your buys I see. Averaging at $88 is really good.

You will get back in bitcoin again at some point for a fair price. Best of luck.

[gentlemand]

funny to see how the volume at gemini completely dies at the weekend

They're all celebrating at their Hamptons beach houses after making figures of up to $1000 this week trading BTC there.

[koryu]

finex back to 318 easy going

[ImI]

funny to see how the volume at gemini completely dies at the weekend

They're all celebrating at their Hamptons beach houses after making figures of up to $1000 this week trading BTC there.

they had nearly 2000 BTC  daily volume this week, not that bad.