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

[marcus_of_augustus]

Well that was a quick 30% on short position gotta love the leverage these exchanges let you use 

You know it's not real right? There is risk you assume that the exchange might freeze up (music stops) and you will be left with nothing, 20x, 50x or 100x nothing is still nothing.

[jt byte]

4M sell to 890k buy on Finex past 1hr 

down down down we go 
From 770 to 736 for no apparent reason.
China?

Always blame them if no one else

[savetherainforest]

Scream from the top of the roofs!!! Bear Rape!!!      


It is coming back Up! ... probably he wanted to flush the rats out before the big pump! Execute the infidels!!! 

[TERA]

Well that was a quick 30% on short position gotta love the leverage these exchanges let you use 

You know it's not real right? There is risk you assume that the exchange might freeze up (music stops) and you will be left with nothing, 20x, 50x or 100x nothing is still nothing.

I would hope that by the time you have made that much profit, you've taken some of it off the exchange. I used to take 20% off regularly so whatever I was trading with was free house money.

[MinermanNC]

Ah slight correction in progress?  

or maybe just a slight adjustment lol

[TERA]

mybitcoinsareonlyworthwhattheywereworthyesterday.jpg

[WhatsBitcoin]

Ah slight correction in progress?  

or maybe just a slight adjustment lol

If you sleep for an extra ten minutes you don't win. As they say.

[BlindMayorBitcorn]

I went from long from 400 to 770 to leveraged short now...


squeeze me if you dare 

I don't prefer to trade. Doing nothing better suits me for some reason. God speed, pilgram.

Through indolence the rafters sag, and through slackness the house leaks.

Coward!

[kodtycoon]

Pullback, consolidate, $850 by the end of the weekend........

sounds about right!

[TERA]

The Bitfinex bid depth has reduced by 50% since 2 days ago

[spooderman]

The Bitfinex bid depth has reduced by 50% since 2 days ago

clever people want it to fall so they can buy back in cheaper?

[TERA]

The Bitfinex bid depth has reduced by 50% since 2 days ago

clever people want it to fall so they can buy back in cheaper?

Where are there a few 'clever people' controlling the entire order book and changing it every day? It should have many thousands of unconnected actors controlling it and it should be moving organically like gox did. This is supposed to be a world currency, not a game.

[Mrpumperitis]

This is art,lol ...if you hang around long enough you can tell how to spot an artist

[marcus_of_augustus]

The Bitfinex bid depth has reduced by 50% since 2 days ago

clever people want it to fall so they can buy back in cheaper?

Where are there a few 'clever people' controlling the entire order book and changing it every day? It should have many thousands of unconnected actors controlling it and it should be moving organically like gox did. This is supposed to be a world currency, not a game.

Totally agree ... I don't think the real games have begun yet, just a few opening parries.

[Holliday]

Where are there a few 'clever people' controlling the entire order book and changing it every day? It should have many thousands of unconnected actors controlling it and it should be moving organically like gox did. This is supposed to be a world currency, not a game.

If there was a global exchange where you could trust that the exchange operators, the hackers, or the authorities were not going to accidentally all the bitcoins at any given moment, then you might actually get something close to organic.

[TERA]

It probably consolidates for 3-10 days before hitting 850 and then starting the real crash.

[Mrpumperitis]

http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/
44,341 BTC, to be sold, will go on sale from 12:00 UTC to 18:00 UTC on November 5, 2015

1  month before Auction oct 5, 1btc $240
1 day before auction nov 4, 1btc  $504
On auction days...$360 then within days back to $299


Now
3 weeks before auction $440s
3days before auction $780


Australia to auction $11.5 million confiscated bitcoins ... The sale will take place on June 20-21 2016 and involve 24,518 coins
http://www.reuters.com/article/us-bitcoin-auction-australia-idUSKCN0YL091

Dump could take us back to $500s then quick recovery due to the fiat issues getting worse every week.

[spooderman]

It probably consolidates for 3-10 days before hitting 850 and then starting the real crash.

if i had any sense i would trade accordingly as you always hit the nail on the head.

[TERA]

I don't even trade according to my own predictions. I mostly trade volatility events that occur on a 1 minute scale.

[spooderman]

would be sad if this all petered out before we hit 1k again. though probably better for my health overall.

i'd say it was safer to say now that the halving is PRICED IN.