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

[shmadz]

How can we hope for mass adoption when we can't even depend on having reliable exchanges. My faith in BTC is rapidly waning.

Bitfinex isn't going to lead fuck all to mass adoption. Would grandma wait a week to wire some money to Hong Kong or wherever? Is she going to get heavily into leverage? Doubtful. It's a bridge from the old days to the new ones and it could do with crumbling.

Grandma will figure it out when her grandkids photos get crypto-lockered.

Ransomware: it's not the use case you wanted, but it's the one you're stuck with.

[barbs]

So, can i get some bids at 34,000 per btc?

[RGR991]

Stamp is getting obliterated. Western traders want their money. Eastern exchangers are not following yet..

[DARKHOLDER]

Stamp is getting obliterated. Western traders want their money. Eastern exchangers are not following yet..

Panic sellers will cry after few days..

[MickeyT2008]

Bitcoinity's display for Huobi seems to be lagging a few minutes behind

[hatshepsut93]

Bull trap or reversal?

[RGR991]

I covered my short at 666, I no longer wish to see bitcoin burn...  

still looks weak as hell and Finex still actin all Mt.Goxy like 

Maybe 500's in the cards.

[strawbs]

Bitcoinity's display for Huobi seems to be lagging a few minutes behind

Well spotted. It was playing up yesterday too. It seems buggy. Bitcoinwisdom is much better.

[SnokkomBTC]

that escalated quickly

[barbs]

Bull trap or reversal?

I believe in this particular case both bear and bulls got owned

Bitcoin (TM)

[MySecondCunt]

Bull trap or reversal?

Let me tell you something about bull traps. The bull is a uniquely ...shall we say not so smart animal. It upchucks its food and re-chews the vomitus, because needs at least two tries to even get digestion right. Outwitting and trapping the male bovine is trivial, said food stock is sufficiently stupid to actually deliver itself to the slaughterhouses and other places of meat preparation under its own power [!].
Hence "beef on the hoof."
Traps, when required, are rudimentary devices. They have no moovin [hahahaha -ed.] parts at all. They are no more than narrow holes in the ground, into which the straying animal steps & gets trapped.
Imagine?

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTpFlvT3uGApmzboluLGewjill7W9M_Y-GgwlxQ_mOn6y2xDmq8

P.S. BFX come up with some fresh excuses yet?

[Paashaas]

When an exchange is having ''problems'', usually shit will be hitting the fan however when i look at the all-time log chart this is a expected healthy correction.

Normal behavior they say but it's always comming with some shit going on makes me wonder if this phenomenon tech called Bitcoin is directed from a few powerfull people.

Perhaps they guys at the CIA HQ are having a good laugh.

[12345mm]

hoping / looking like this fucking retarded dump is over for now having done 50 lower in the last like 2 hours and 100 down in the last like day

yet again the market gets fucked by what always happens with bitcoin - going along great market totally bullish good things happening and looking like further gains coming , and then whammo the inevitable "unexpected untimely and unpredictable" bullshit event or overblown news "occurs" more likely is made to happen to coincide with an up market and is used as an excuse to slam the market either caused by or accompanied always by likely fabricated intentional "technical issues" on the exchanges , only recovering once the market is so totally panic oversold that it whiplashes back up violently

looks like for now 655 may have been the local bottom guess it had to bounce off of something at some point

sure made a lot of sense to panic shed a billion+ $ in value in a day because the internet is acting up at bitfinex

When an exchange is having ''problems'', usually shit will be hitting the fan however when i look at the all-time log chart this is a expected healthy correction.

Normal behavior they say but it's always comming with some shit going on makes me wonder if this phenomenon tech called Bitcoin is directed from a few powerfull people.

Perhaps they guys at the CIA HQ are having a good laugh.

yes it absolutely is as ridiculously staged as a Shakespearean play

[Elwar]

Two bad things for Bitcoin in the past few days that may have caused this are the auction in Australia (that ends in a few hours) and the Brexit vote is polling heavily toward the Remain folks after their MP was shot.

Could be why the West is leading the bear market, they consider those things as big factors. While Chinese just want to get their money out of Yuan.

Potential turn arounds, the Australian auction results come out with a high price paid. And Brexit wins Friday morning.

Speaking of which, how do I do a long on Bitfinex? Do I have to have USD on the exchange? I currently have some BTC on there (I just logged in after a few years and saw I had .8 BTC still on there).

[Spaceman_Spiff]

Two bad things for Bitcoin in the past few days that may have caused this are the auction in Australia (that ends in a few hours) and the Brexit vote is polling heavily toward the Remain folks after their MP was shot.

Could be why the West is leading the bear market, they consider those things as big factors. While Chinese just want to get their money out of Yuan.

Potential turn arounds, the Australian auction results come out with a high price paid. And Brexit wins Friday morning.

Speaking of which, how do I do a long on Bitfinex? Do I have to have USD on the exchange? I currently have some BTC on there (I just logged in after a few years and saw I had .8 BTC still on there).

Currently, you can't do shit on Finex, they are having issues (nice timing  ).  When they come up again, you can do leverage long with BTC as collateral (just remember that the value of your collateral goes down together with your leverage position in this case).

[MySecondCunt]

hoping / looking like this fucking retarded dump is over for now having done 50 lower in the last like 2 hours and 100 down in the last like day

yet again the market gets fucked by what always happens with bitcoin - going along great market totally bullish good things happening and looking like further gains coming , and then whammo the inevitable "unexpected untimely and unpredictable" bullshit [...]

What makes it doubly painful is that the unexpected bull runs happen because bitcoin is so grossly undervalued disruptive technology, while unexpected dumps [which happen each and every time, like clockwork] are always apropos of nothing and/or Saurian lizards.

[Torque]

Phil Potter of Bitfinex last night talking about the outage:

https://www.youtube.com/watch?v=tXBnd0uPuWs&feature=youtu.be

This sounds like a legit network issue. So bear trap.   

[Totscha]

Phil Potter of Bitfinex last night talking about the outage:

https://www.youtube.com/watch?v=tXBnd0uPuWs&feature=youtu.be

This sounds like a legit network issue. So bear trap.   

Day traders are a panicky bunch... Everytime Finex, Stamp go offline for more than a minute -> dump

[RGR991]

Finex making its 3rd attempt  

We believe that internal networking issues between our servers have been resolved, allowing us to reliably run the backend systems, including the trading engine. External connectivity issues remain, however, which may result intermittent unresponsiveness as our hosting provider continues to work on the problem. We will bring the system back up once again to allow people to cancel open orders for a period of 15 minutes before accepting new orders for matching.

[Hunyadi]

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