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

[spooderman]

what is that ^^? a post for ben stiller?

[podyx]

Aaaand back over 400... for a second anyway. What a show!

except for 90% of days in 2015, that is 

[Ayle56]

Way to fuck up the markets by force dumping the western exchanges to $70 off from china. The gap was $15 before the vicious dumping forced the western exchanges down. And thanks for the $120 loss off the high point in the last half a day. A retracement into the mid 400's was expected but this is a fucking nightmare scenario seeing it where it is now after the last 2 months of solid gain and last couple days of fantastic gain. Fuck you whoever brutally and without pause for hours slammed the markets into oblivion today. You assholes didn't have to do that. China would have happily stayed above 500 and held the markets up if not for the insane shitstorm that was brought upon on stamp and finex. It's not lack of buying pressure when you intentionally crush the market with 1000s of coins in a minute every ten minutes for hours on end. WTF      

Was it due to the MMM Ponzi guy cashing out? It was extremely aggressive selling directly into the buy orders without respite. I expected a dump but the speed of it took my breath away.

[Cconvert2G36]

Way to fuck up the markets by force dumping the western exchanges to $70 off from china. The gap was $15 before the vicious dumping forced the western exchanges down. And thanks for the $120 loss off the high point in the last half a day. A retracement into the mid 400's was expected but this is a fucking nightmare scenario seeing it where it is now after the last 2 months of solid gain and last couple days of fantastic gain. Fuck you whoever brutally and without pause for hours slammed the markets into oblivion today. You assholes didn't have to do that. China would have happily stayed above 500 and held the markets up if not for the insane shitstorm that was brought upon on stamp and finex. It's not lack of buying pressure when you intentionally crush the market with 1000s of coins in a minute every ten minutes for hours on end. WTF      

Lol, yep, sounds like bitcoin.

[Sitarow]

[Morecoin Freeman]

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

Yes. I never try to chase a pump.

[BlackSpidy]

I would argue that each sale has had a lesser and lesser effect on the market. I wonder how we'll do after the 5th. I'm excited.  

[adamstgBit]

With a $60 range in price over exchanges, it's clear arbitrage isn't working well for whatever reason.

Does anyone know how/whether Liquid will affect this?
Or are the arbitrage problems in a completely different class?

it takes ~1hour to move coin
a week to move fiat
and there's only so much traders can have in reserves  

arbitrage is not instant.

[hdbuck]

yep, right there, them FBI pump it before an auction.

[dreamspark]

go back at look at 2013 charts, this is how btc rallys work.

[orpington]

yay - the fucking cavalry!

[adamstgBit]

up above 500 now?

[gentlemand]

Well, if I was bidding for the auction tomorrow I think I'd spike myself with magic mushrooms, close my eyes and press the nearest button.

[solitude]

now you can buy back the bitcoins you panic sold you retarded pussy faggots.

[rebuilder]

I'm actually surprised the dumps aren't bigger. (Did I jinx it?)

[ssmc2]

You guys realize we could go down to 330 and still be in full on MOFO rally mode, right?

[harrymmmm]

With a $60 range in price over exchanges, it's clear arbitrage isn't working well for whatever reason.

Does anyone know how/whether Liquid will affect this?
Or are the arbitrage problems in a completely different class?

it takes ~1hour to move coin
a week to move fiat
and there's only so much traders can have in reserves  

arbitrage is not instant.

If that's the entire problem, then Liquid should help, right?
I admit to not being clear about the fiat side of things. Must read more I think.

[Sitarow]

[bButtercup]

Say what you want about BTC, it sure makes a great currency/unit of account. Send it anywhere in the world in, like, about 10 minutes, and still have no clue how much it'll be worth when it gets there.

[Tzupy]

how high is this thing expected to go?

32,000$ Bitches!

Careful Adam, you may jinx it, and get instead 320$ tomorrow...

Well, it wasn't 320$, but 366$ was close enough... you definitely jinxed it!