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

[billyjoeallen]

Still almost $26MM in leveraged longs on BFX. If this results in a margin call cascade, we could go under $200 again. Nobody can post dollar margin until Monday.

[BitUsher]

Nope, Mike went to New York Times, told "Bitcoin is dead!" and informed the public about the ongoing inner-Bitcoin fight. THAT did fucking damage to BTC and was completely unnecessary!

Its not about big or small blocks its about being a fucking dramaqueen!

It appears to be too much of a coincidence the timing of it all with this --
https://youtu.be/R0iArSIU0Z8?t=47m16s

Looks to me to be a coordinated attack by R3.(42 banks against bitcoin)

[fisheater22]

...
It appears to be too much of a coincidence the timing of it all with this --
https://youtu.be/R0iArSIU0Z8?t=47m16s

Looks to me to be a coordinated attack by R3.(42 banks against bitcoin)

And we would have gotten away with it, too, if it weren't for you meddling kids!



But really, we did. We did get away with it

[ssmc2]

Nope, Mike went to New York Times, told "Bitcoin is dead!" and informed the public about the ongoing inner-Bitcoin fight. THAT did fucking damage to BTC and was completely unnecessary!

Its not about big or small blocks its about being a fucking dramaqueen!

It appears to be too much of a coincidence the timing of it all with this --
https://youtu.be/R0iArSIU0Z8?t=47m16s

Looks to me to be a coordinated attack by R3.(42 banks against bitcoin)

They're going to learn how Anti-fragile BTC is

edit: or they're just doing it to get cheap coins

[becoin]

So Cryptsy was really not whole ? Pulled a Gox? If that is true then guess what? BTC image is going to be damaged big time, and much worse than Gox era.

No one gives a shit about Cryptsy.  I don't think there was single moment in time where they weren't a shit hole experiencing problems.  Also, they were hacked a year and a half ago, and the coins have been sitting since.

So this is all because of Mike?

Hearn, Cryptsy, NYT article, R3 testimony, Bitcoin "Classic" fud, constantly spamming blockchain to reach the 1MB limit and mobilize XT altcon suckers and want-free-bitcoin-space crowd, and finally dumping stolen bitcoins from Cryptsy. It is well coordinated attack. But... thanks for the cheap coins!

[ImI]

Nope, Mike went to New York Times, told "Bitcoin is dead!" and informed the public about the ongoing inner-Bitcoin fight. THAT did fucking damage to BTC and was completely unnecessary!

Its not about big or small blocks its about being a fucking dramaqueen!

It appears to be too much of a coincidence the timing of it all with this --
https://youtu.be/R0iArSIU0Z8?t=47m16s

Looks to me to be a coordinated attack by R3.(42 banks against bitcoin)

I dont know, but one thing is for sure Hearn did tremendous damage and he did it on purpose and thats whats so disgusting in this whole matter. Like some kid who destroys your toy after you told him that he isnt allowed to play with.
I dont want to have folks like him in the dev team no matter what stance on the blocksize issue they have.

[MinermanNC]

Who pissed in Hearns Wheaties? (or is it greed) here we go again. Craptsy (who has been in turmoil for a while) now screwed many. Stock market crashing,,, boy, I think tomorrow will be a better day  

Life goes on.....

[BitUsher]

I dont know, but one thing is for sure Hearn did tremendous damage and he did it on purpose and thats whats so disgusting in this whole matter. Like some kid who destroys your toy after you told him that he isnt allowed to play with.
I dont want to have folks like him in the dev team no matter what stance on the blocksize issue they have.

Yes, I am glad he contributed so little to core , so we don't have to re-audit all his code.

Whether this is merely an opportunistic bearwhale shaking the weak hands to buy more, a deliberate attack by r3 which invested in some coins a 2months ago in order to dump them now and shake the faith of the community, or just some scared investors reading the NYT rag doesn't ultimately matter ... I'm picking up the carnage along with others and we are moving forward.

[Divitiae miserae]

Its not about big or small blocks its about being a fucking dramaqueen!

Just an understandable physiological outburst given all the incompetence around him.

I use Bitcoin to transfer funds to Venezuela, a country whose sole export, oil, is now produced at the cost of $20 a barrel and sold for $25 a barrel.
Which one is going to fail first?

[a7mos]

This fall will be so hard for bitcoin to recover, it will take months to reach 400$ level again
I predect the price will continue falling to 300 soon

[CuntChocula]

So Cryptsy was really not whole ? Pulled a Gox? If that is true then guess what? BTC image is going to be damaged big time, and much worse than Gox era.

No one gives a shit about Cryptsy.  I don't think there was single moment in time where they weren't a shit hole experiencing problems.  Also, they were hacked a year and a half ago, and the coins have been sitting since.

So this is all because of Mike?

Hearn, Cryptsy, NYT article, Bitcoin "Classic" fud, constantly spamming blockchain to reach the 1MB limit and mobilize XT altcon suckers and want-free-bitcoin-space crowd, and finally dumping stolen bitcoins from Cryptsy. It is well coordinated attack. But... thanks for the cheap coins!

Hope that statist bullshit don't disruptivize our antifragile honey badger beyond her tipping point. I mean before we get a chance to off-board into filthy fiat...

[MinermanNC]

I don't think its going to be a hard crash. I think are many seeing it as a good time to buy a little BTC. Not sure how much of this dip in price is really about Mike Hearn ( if any) anyways. I see more of it as a reaction with Cryptsy (and the bad press it always brings) and the stock market crashing today. Come  Monday make that Tuesday lol, Monday is a U.S holiday.....things will be back swinging upwards probably on all fronts...  

[Trolfi]

Still almost $26MM in leveraged longs on BFX. If this results in a margin call cascade, we could go under $200 again. Nobody can post dollar margin until Monday.

Bring it on! I had no ammo when it happened, exactly one year ago. You were busy chasing trolls that day (and talking about 4 Punch Raiders).

[Lauda]

You know the media has caught up on the story and barely any reported the story correctly as in "Mike is wrong and Bitcoin died 80+ times already". I've got sent a few screenshots from Facebook (which I don't use) from a few partners already. Quite unfortunate that it has reflected itself this heavily on the price within a single day.

[ChartBuddy]

Coin



Explanation

[CuntChocula]

I don't think its going to be a hard crash. I think are many seeing it as a good time to buy a little BTC. Not sure how much of this dip in price is really about Mike Hearn ( if any) anyways. I see more of it as a reaction with Cryptsy (and the bad press it always brings) and the stock market crashing today. Come  Monday make that Tuesday lol, Monday is a U.S holiday.....things will be back swinging upwards probably on all fronts...  

So. Markets fell about 2%, and BTC fell 15%? Sounds legit :-

[fisheater22]

Still almost $26MM in leveraged longs on BFX. If this results in a margin call cascade, we could go under $200 again. Nobody can post dollar margin until Monday.

Bring it on! I had no ammo when it happened, exactly one year ago. You were busy chasing trolls that day (and talking about 4 Punch Raiders).

You mean you're not all in?!

Below $375, I am a buyer. Come on, make it happen!

[MinermanNC]

BTC the "longest running blockchain" has value. Its not going away over night. The chain hasn't really even been tapped in to. Just got to keep the miners happy. $$$$$  

[ImI]

You know the media has caught up on the story and barely any reported the story correctly as in "Mike is wrong and Bitcoin died 80+ times already". I've got sent a few screenshots from Facebook (which I don't use) from a few partners already. Quite unfortunate that it has reflected itself this heavily on the price within a single day.

He sold himself to the media as one important (if not the most important) developer. Which is a fucking joke! Yes he did some work but i wouldnt name him in the Top10. Hilarious that he could make such an public impression...

[MinermanNC]

I don't think its going to be a hard crash. I think are many seeing it as a good time to buy a little BTC. Not sure how much of this dip in price is really about Mike Hearn ( if any) anyways. I see more of it as a reaction with Cryptsy (and the bad press it always brings) and the stock market crashing today. Come  Monday make that Tuesday lol, Monday is a U.S holiday.....things will be back swinging upwards probably on all fronts...  

So. Markets fell about 2%, and BTC fell 15%? Sounds legit :-

Its a ratio thing