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

[Mervyn_Pumpkinhead]

Tarmibear made a sock account!  

It's funny how the kids of btc think that everyone takes btc as serious as them. But I think that's understandable that they'r euphoric right now. After couple of years of taking it from behind, they finally get a polite reacharound in return. I bet that their euphoria will eliminate any chance of common sense though, and they will again be too late to get out and will get stuck in the new cycle downwards.

Anyway, if you have experience trading, then missing rises like these don't even tingle a nerve. There are and always will be missed oportunities like these. It doesn't matter if you still play it right in the long run. Only the kids of btc see this as a chance of their lifetime, because, well, btc is their only trading experience in their entire life.

Enjoy this brave pump and keep a cool head if you want to earn anything with this.

[Asrael999]

Circle jerk temp check?

way past boiled over

[blunderer]

Hey Tamari, go long (;

I really am worried for Tamari... does any one know if he has jumped off a cliff yet or something of the sort? I really hope not, but with all the financial loss he's acquired, I wouldn't doubt it at all.

You really think that any serious trader would have more than an irrelevant fraction of his portfolio in a penny stock like BTC?
Pretty sure he's doing fine.
You, OTOH...

lol, "bitcoin" "penny stock"... keep trying to tell yourself that, and justifying what the bears have lost already... I'm not really trying to rub it in any ones face, I truly feel bad for them. And I'm pretty positive Tarmi isn't some multi billion dollar CEO that can afford to lose 100's of thousands of dollars at whim.

See, your thinking is typical of degenerate gamblers bit-coin investors. No need to be a CEO of a multi-billion dollar co. to know Bit coin for a penny stock being pumped. Or to have a balanced investment portfolio.
Now you know

[peonminer]

[Sitarow]

[BitUsher]

Down to $25 spread now  

I apologize for being anal retentive, but I keep hearing people use the term "spread" to refer to the price "premium" between exchanges. I thought that traders used the term "spread" to refer to the buy and sell price difference within the same exchange and the price difference between exchanges as the "premium"... thus the price premium of Chinese exchanges is 25 dollars higher than US exchanges.

...or is there something I am missing?

Spread is the price between two things - it can be applied to many things,   eg treasuries vs corporate bond is the Spread to Treasuries, spread between Live Pigs and Pork Bellies is "The Dead Spread",
Premium is the price above market or additional cost one has to pay, eg new issue premium is the extra amount an issuer pays above existing stock to issue more.
Both could probably be used , the Spread between Houbi and Stamp is X, The Houbi premium is Y or the BTCE discount is Z

I suppose some people are using the term spread in a more generic sense (but correct ) where most professional currency investors always refer to it in a very narrow case. -- http://www.investopedia.com/terms/s/spread.asp which is leading to a bit of the confusion?

[ChartBuddy]

Coin

Explanation

[dragonseer]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

[gentlemand]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

Cryptsy is a marginal presence when it comes to USD. If any of the major exchanges were doing that we'd certainly be hearing about it at length and in very large fonts on here.

[luigi1111]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

Er, where have you been? Cryptsy's been having trouble for weeks.

[dre1982]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

There are longer problems with Cryptsy. Take a look in this topic. https://bitcointalk.org/index.php?topic=1173703.0

[BitUsher]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

There have been cryptsy warning signs that have grown recently which started ever since they got in bed with paycoin.

Luckily there are enough regulated and competing exchanges where price discovery cannot so easily be  manipulated like last time with mtGox.

I would be extremely skeptical with any centralized / unregulated exchange.... including btc-e/

[r0ach]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

What the hell does Cryptsy have to do with Bitcoin price?  It's an altcoin exchange.  Anyone who deals with altcoins has known for months not to deposit anything there.  If they ran off with all the altcoins in the universe it's not going to have any effect on BTC.  Current, past, and future BTC price has nothing to do with Cryptsy.

China spread will likely also continue because:

https://bitcointalk.org/index.php?topic=1235466.msg12870013#msg12870013

[hendra147]

Coin

Explanation

wow this i awesome day :O :O :O
im very sad because im not have more BTC ,
i hope i can get ~10BTC before price up to $1000

[peonminer]

[dragonseer]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

There have been cryptsy warning signs that have grown recently which started ever since they got in bed with paycoin.

Luckily there are enough regulated and competing exchanges where price discovery cannot so easily be  manipulated like last time with mtGox.

I would be extremely skeptical with any centralized / unregulated exchange.... including btc-e/

Well that may be comforting for others here I guess.

If Cryptsy pulls an exit scam and takes some of my BTC with it then it puts another twist on this surge anyway :/

[makeacake]

Before we all get too excited at this price pump, there might be something shady happening right now.

I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.

I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.

It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.

If you ain't got the private key, you ain't got teh bitcoin

[Sitarow]

[BitUsher]

If Cryptsy pulls an exit scam and takes some of my BTC with it then it puts another twist on this surge anyway :/

Keep trying brother .... Scant evidence suggest they are releasing some BTC so may either have horrendous customer service or attempting to extend the scam.  

If you ain't got the private key, you ain't got teh bitcoin

Yes, and if you choose to loan out your bitcoin for trading you should either do so in a decentralized platform where hacking risks exit scams are eliminated or a regulated exchange where more oversight and insurance exists.

[peonminer]

The FUD is eral. Keep spreading it like some peanutbutter, lulz idiot won't change his password or someone is elaborately trying to hack someone's account. Go read the thread.