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

[savetherainforest]

Buy pressure is still bigger than sell, it's just people expecting to buy coins at lower price  

People tend to forget and quite some time has passed since the halfing.

And that Finex rushed the timeline of the shortage breaking point with about 2 months and 2-3 weeks.  

[XCASH]

Something's wrong, the option with least votes in the poll is usually right, but it's Friday and the price isn't at $560. That option only got one vote, all the others got more.

[NewbieTreider]

In bitstamp today, from 574 to 552 in 15min chart.

How is this possible?

[kobilica]

Probably bots/algorithms went crazy, you can also see that someone has lost a lot of money.

[BlindMayorBitcorn]

We're probably inside a simulation being trolled by an artificial super-intelligence. Just go with it. 

[savetherainforest]

Something's wrong, the option with least votes in the poll is usually right, but it's Friday and the price isn't at $560. That option only got one vote, all the others got more.

I guess it is the middle option... somewhere near-ish to ~570$ ... Usually it is between extremes, but sometimes it happens to be also extremes!

[BathSaltsDealer]

Fini!

#10    Bitfinex    BTC/USD    $ 1,682,580    

[jbreher]

Also, I had thought that Bitfinex should implement some kind of fee free incentives, such as zero fee trading for a period of time

What possible reason would BFX* have to offer incentives to customers? They already have a vast coterie of screwed customers eagerly jumping in line for another ass-raping*.

*the common link is left as an exercise for the reader

[BathSaltsDealer]

screwed customers eagerly jumping in line for another ass-raping*.

You're being a little unfair. They absolutely have to trade on BFX to make it successful, otherwise the the tokenized debt tokens their money was replaced with would remain worthless.

You gotta spend money to make money, it's just common sense

[chesthing]

In bitstamp today, from 574 to 552 in 15min chart.

How is this possible?

Whale exiting maybe?   anyone have thoughts on what happened with bitstamp today? looks like a several hundred btc dump by single person to me.

[JayJuanGee]

Probably bots/algorithms went crazy, you can also see that someone has lost a lot of money.

I saw that earlier too. 

There was about a 1,200 coin dump that took place over about 3 minutes, and the price bounce back into the lower $570s within about 10 minutes.  It seemed to have caused a few dollars down on all of the exchanges, but none of the other exchanges followed with a dump.. yet it could have averted a pump?  Who knows what the fuck some of these whales are doing or accomplishing in their throwing around coins -?   Whether it was done on purpose or not?

[JayJuanGee]

Also, I had thought that Bitfinex should implement some kind of fee free incentives, such as zero fee trading for a period of time

What possible reason would BFX* have to offer incentives to customers? They already have a vast coterie of screwed customers eagerly jumping in line for another ass-raping*.

*the common link is left as an exercise for the reader

It seems that you just have a tendency for narrow pessimistic thinking, and I wonder if you are that way about all things in life, to want to argue over fringe matters?

O.k.  Surely, you have strong opinions that Bitfinex is corrupt, and you try to act as if everyone comes to these same kinds of conclusions or are going to give the same weight to your seemingly highly refined conspiracy theories.  Sure there is some truth in what you are saying and some possibilities that your fringe viewpoints are correct, but in the end, I would prefer to consider the world from more realistic, moderate and day by day thinking, rather than assuming the worst and then acting in that direction.. yeah.. go ahead, you can do it, but let's take these matters one step at a time, rather than assuming the worst and acting under those negative views of the world. 

[Karartma1]

JayJuanGee I traded on Bitfinex happily for two years: it seemed to me the best exchange around and the most advanced too.
As you suggest probably the truth about what happened is in the middle even though I'm more oriented on the dirtier version of the story.

I was lucky enough to have moved all of my coins out of that mess before the theft.
Everybody would love to see a sort of silver lining for this story but it will not probably happen.

A serious business would have never created such a bfx coin to repay its customers. To me that's called QE
 

[DaRude]

JayJuanGee I traded on Bitfinex happily for two years: it seemed to me the best exchange around and the most advanced too.
As you suggest probably the truth about what happened is in the middle even though I'm more oriented on the dirtier version of the story.

I was lucky enough to have moved all of my coins out of that mess before the theft.
Everybody would love to see a sort of silver lining for this story but it will not probably happen.

A serious business would have never created such a bfx coin to repay its customers. To me that's called QE
 

Market is pricing their tokes at almost $0.40 so the haircut is around 21% which is apparently better than what market priced in. Also their ask side just vanished only BTC800 till $650 

[savetherainforest]

In bitstamp today, from 574 to 552 in 15min chart.

How is this possible?

Yeah.. right... 

Look... its pumping... 

Grab a pillow and choke on it. 

[BathSaltsDealer]

JayJuanGee I traded on Bitfinex happily for two years: it seemed to me the best exchange around and the most advanced too.
As you suggest probably the truth about what happened is in the middle even though I'm more oriented on the dirtier version of the story.

I was lucky enough to have moved all of my coins out of that mess before the theft.
Everybody would love to see a sort of silver lining for this story but it will not probably happen.

A serious business would have never created such a bfx coin to repay its customers. To me that's called QE
 

Market is pricing their tokes at almost $0.40 so the haircut is around 21% which is apparently better than what market priced in. Also their ask side just vanished only BTC800 till $650 

~2kB to $1000

[JayJuanGee]

JayJuanGee I traded on Bitfinex happily for two years: it seemed to me the best exchange around and the most advanced too.
As you suggest probably the truth about what happened is in the middle even though I'm more oriented on the dirtier version of the story.

I was lucky enough to have moved all of my coins out of that mess before the theft.
Everybody would love to see a sort of silver lining for this story but it will not probably happen.

A serious business would have never created such a bfx coin to repay its customers. To me that's called QE
 

We can talk about worse case scenarios and lesser variations, yet we have already seen a pretty decent silver lining in that they opened up, and people did not lose all of their coins and Bitfinex came up with a decent plan.

Yeah, the plan is not perfect and it has a lot strange innovations, but really, Bitfinex seems to be acting quite adventurous and creative in it's proposals.

Yeah, maybe, if everything that they is saying is true, regarding the stolen coins and all, they could have come up with some better plan, yet even if you disagree with the plan and you disagree with their holding back details, you gotta give them some credit for attempting to be innovative.  I am skeptical too, and i am a bit irritated by their plan still seeming to being in the process of creation and tweaking.... Maybe it is all going to fall apart, but maybe not?

[kobilica]

So price is up huh 

[savetherainforest]

Yeah.. right...  

Look... its pumping...  

Grab a pillow and choke on it.  

This... The W.






So... in conclusion... NO MORE DIPS!!!

[kobilica]