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

[nanobtc]

Bring back newbie jail.

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[Chainsaw]

In other news, on BFX  LTC crashed to 3$ and instantly rebounded to 4$, another missed trade, story of my life...

Coincident to-the-minute with the 405 bottom for BTC.
I learned this painful lesson the hard way - the liquidity of the Litecoin market on Bitfinex is too shallow to take large positions.
When you need agility to take advantage of a short-lasting bottom, the slippage on the LTC side is too much to bear.

[blackshibe]

They are not done with dumping yet. Just wait.

[bButtercup]

I am not in coins

So far for a "Legendary trader". Still waiting for that dump bro?

Yep... that's a bit ridiculous.

But getting less ridiculous by the minute

[barbs]

no way this can go lower.

[hdbuck]

[Wolf Rainer]

no way this can go lower.

$385. What did you said?

[tarmi]

ups

bubble over

[BlackSpidy]

Pump is over for the moment.
Let's hope you locked-in your profits.

Now it's again time to wait and trade wisely.

Bitcoin is fun with 100 BTC to just gamble. Poor beggars with less than 10 BTC.

I dont even have ONE bitcoin. I've been trading with under $200 this whole time, with a little bit of profit from it. Though, now that you mention it... Anybody got BTC9.5 to spare?  As for 500BTC being enough to manipulate the market, I know of a certain mexican exchange that has about 40BTC of daily volume, so I think that if used wisely, you can definitely move the market in some very specific conditions.

Like I've said before, even if this rally fails, I will be very happy with how bitcoin performed these last couple of weeks. Aaaand looks like $400 didnt hold up.

PS: bring back noobie jail ^{whatever that is.}

[derpinheimer]

Lol at the typical euphoria - dump cycle.

No sympathy for buyers above $400.

[hdbuck]

no way this can go lower.

$385. What did you said?

[Tzupy]

no way this can go lower.

Really? It just hit a few of my staggered bids.

[derpinheimer]

no way this can go lower.

Really? It just hit a few of my staggered bids.

Probs go all in around $360

[practicaldreamer]

traders actually do want to "see the money" so they BUY with there CNY and then send the BTC over to stamps to sell for USD which they will withdraw.

What ? At a 10-12.5% instant loss? Surely there's a better way to acquire $ than that.

No - I reckon if those bilateral channels were available you'd be taking the (as we speak) 15% profit in CNY. You'd be a very rich China man very quickly.

[rafanadal]

WOW this looks pretty bad

[mrkavasaki]

i think we are  little oversold yet

[inca]

Disappointing how much it has dropped. Just remains to see how low it goes, if it bounces and if we continue upwards having dropped the weak hands.

[ImI]

WOW this looks pretty bad

no, it doesnt

[rafanadal]

will it stabilize ?

[relm9]

I think we'll hit low $300s personally - probably $320 or so... then bounce off that.