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

[savetherainforest]

Lol.  Good thing I have no bitcoins in an exchange.  If I had some I'd sell em all.  That was scary, y'know.  
Better start transferring just in case...

You'd better stay away from exchanges! Such moves indicate that at least one major exchange is in trouble and is playing "va banque".

the W pattern is on track... and the rocket is refueled..

[Bitcoinb0b]

huobi froze and wouldn't let me trade any of that..
It's a conspiracy..

Maybe circuit breakers or something...


https://i.imgur.com/lgnvzk6.gif


Btw... who made more than 10% on this madness ??    


https://i.imgur.com/pHXZ5rj.gif

I made 200%+ on a leveraged short.

[Cassius]

So the question is if this is the big pullback some expected to happen, down to at least $960.
Or is this just a short pit stop for the whales to recharge batteries and then go full throttle to break ATH in USD?
Will be some interesting hours to watch if you ask me.

So you're expecting a single big pullback?
Unlikely imho.

What was the crash to $900 then?!

We're back to close on $1100 already. Volume of the drop was significant, but nothing like the preceding green candles, which dwarf anything in the previous week. TL;DR I'd want to see a lot more indication that the rally is running out of steam. We needed a pullback and there was something fishy about that correction, but it still serves a purpose.

[savetherainforest]

huobi froze and wouldn't let me trade any of that..
It's a conspiracy..

Maybe circuit breakers or something...





Btw... who made more than 10% on this madness ??    

I made 200%+ on a leveraged short.

Not possible! ... maybe you bought ... like I did when it was somewhere under 200$ and that would make me 600% ... but... on this singular trade u couldn't make more than 17-18% swinging with u'r full BTCiTcoin account weight!

[Bitcoinb0b]

huobi froze and wouldn't let me trade any of that..
It's a conspiracy..

Maybe circuit breakers or something...


https://i.imgur.com/lgnvzk6.gif


Btw... who made more than 10% on this madness ??    


https://i.imgur.com/pHXZ5rj.gif

I made 200%+ on a leveraged short.

Not possible! ... maybe you bought ... like I did when it was somewhere under 200$ and that would make me 600% ... but... on this singular trade u couldn't make more than 17-18% swinging with u'r full BTCiTcoin account weight!



https://i.imgur.com/6OM6Qb9.jpg

Maybe you should do some research on trading futures.

[savetherainforest]

Maybe you should do some research on trading futures.

Ah... sry.. didn't read the "leveraged" part.

But I think u'r one of those r-Tards that gamble away their future!

I don't like people like you! ... I just play it safe with simple trades.


*edit:   And its because people like you sometimes the world crashes in crumbles and burns!

[eddie13]

Maybe you should do some research on trading futures.

Ah... sry.. didn't read the "leveraged" part.

But I think u'r one of those r-Tards that gamble away their future!

I don't like people like you! ... I just play it safe with simple trades.

Ha, yes, us evil leveraging traders be damned..

[rjclarke2000]

Is bitcoin dead yet?

[Bitcoinb0b]

Maybe you should do some research on trading futures.

Ah... sry.. didn't read the "leveraged" part.

But I think u'r one of those r-Tards that gamble away their future!

I don't like people like you! ... I just play it safe with simple trades.


*edit:   And its because people like you sometimes the world crashes in crumbles and burns!


https://i.imgur.com/PCfb2I0.jpg

Trust me, I know a bit about gambling and bank roll management. I play poker professionally.

[Fakhoury]

And China doesn't give a shit about US

It did give actually, see OKCoin.

[Fakhoury]

Is bitcoin dead yet?

Nope, I don't know why no one mention the HUGE CUP & HANDLE ON THE CHARTS.

Most probably now is that the handle is being created.

[SnokkomBTC]

And China doesn't give a shit about US

It did give actually, see OKCoin.

indeed, btcwisdom is most of the time dead ;p

[bitebits]

I have a problem with this price rise:

As many people know, I fix people's bitcoin miners for bitcoin payments. Thus I have to account for my time, skills, experience, and material costs (damn FPGAs are expensive when they blow up). I price my work in bitcoin because I want this currency to have a reason to exist other than as a speculation thingie.

Problem is the fluctuations: If I charge .3btc for a service and bitcoin drops from 600 to 300 I don't want to raise my bitcoin prices so I kept them constant. Likewise if it goes from 600-1200 I don't want to change my prices for the same basic reason (I'm doing work for a certain amount of bitcoin). But if it keeps going haywire, what do I do? What's fair? And at what point am I simply doing work for dollars instead of Bitcoin?

It's complex.

I get it. You're trying to be true to Bitcoin and lead instead of follow. That's good.

During the big swings you should be able to adjust your price. Bitcoin has a lot of time that is fairly stable but at times it has its growing pains to adjust to demand. During those times you'll need to adjust with Bitcoin as well.

I sold someone a pair of boots for $300 when the price was about $10/BTC. The boots took over a month to get to the buyer. By that time the price had climbed to over $20. The customer was not happy about it. I gave him half of the upward value back as a gesture of moving forward with Bitcoin and keeping commerce going even when the price moves a lot.

Did you sell your moon boots Elwar?!

[Ted E. Bare]

What an action lol. Happy that I'm a long term holder everything seems fun now.

[Ted E. Bare]

Who sold at the bottom?

[offliberty]

Who sold at the bottom?

All-in at the bottom, yolo

[brokedummy]

I'll follow you down, but not that far

[rjclarke2000]

Crazy that a dump like that can alter the price in a space of minutes.

So i guess it's a good thing right? There are limited coins and always will be. If someone holds a large number and dumps their coins or a large amount of them they will be bought up by a big number of people therefore spreading the coins around and preventing another dump of these particular coins in one go.

So, (if that makes sense) am I right in saying the more of those sudden dumps we have is a good thing long term as it spreads btc around?

Please feel free to tell me I am typing pure horse shit if that's the case.

[krizniq]

there will be always those big dumbs because it's part of the game.
It is happening with regular money as well, but there are national banks which are taking those dumps so price remain stable. Bitcoin is missing those (thankfully)

as always this is only to fear some weak hands and force them to sell so others can buy in cheaper.
Don't be scared, amplitudes are shortening but they are going to be there for sure still.

[Spaceman_Spiff]

I keep forgetting that I should set limit orders in times like this.  Would have loved to catch that spike on Finex but I was just taking a nap...  I guess events like these are why you tend to be glued to the screen 24/7 ...