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

[Tzupy]

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.

Both the FOMO top and the big dump on OKCoin and Bitfinex were ridiculous IMO. If this is good or not for bitcoin...

[Cassius]

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.

It's a truism that coins are accumulated when the price falls (by forward-thinking and wealthier investors) and distributed on a price rise (as those same investors reap the benefits of their risk-taking/foresight). So yes, likelihood is that the dump was caught by a bottom-fishing whale and the coins are now being sold on to multiple smaller traders.

[Globb0]

But the pumper and dumpers buy back at the new lower price, or sell the coins they brought at the new higher price.

So its not a one way trade that leaves them out of the game.

[Karartma1]

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 ...

I only see green and red these days: I totally understand you! I should add black since on bitcoin wisdom those are the colors: black for background, green/red for the candles.
Anyway I should have set some stops as well but I have everything in cold storage at the moment. No trading for me until I see for real what is going on.

[savetherainforest]

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.

Both the FOMO top and the big dump on OKCoin and Bitfinex were ridiculous IMO. If this is good or not for bitcoin...

There is too much stability. The market is weak and well balanced.

We are going to the moons!  

[molecular]

hmm... https://poloniex.com loads an empty page for me ;-(

[tavitavi]

hmm... https://poloniex loads an empty page for me ;-(

You should try adding .com to the end of it

[orpington]

Finally!

More cheap coins!

[Denker]

hmm... https://poloniex loads an empty page for me ;-(

You should try adding .com to the end of it

Nah that's not the problem.
Can't connect as well.Just plane white screen!
Other traders however have no problem accessing the site.
Maybe it's some local issue here in our region, don't know.

[WeltMaster]

I JUST WOKE UP

DO I PANIC SELL OR PANIC BUY??!?!?!?!   

[molecular]

hmm... https://poloniex loads an empty page for me ;-(

You should try adding .com to the end of it

fixed.

still empty page for me ;(

[molecular]

hmm... https://poloniex loads an empty page for me ;-(

You should try adding .com to the end of it

Nah that's not the problem.
Can't connect as well.Just plane white screen!
Other traders however have no problem accessing the site.
Maybe it's some local issue here in our region, don't know.

good to know. source?

EDIT: may be local to cloudflare instance we use.



apparently it's a cache hit at cloudflare

[orpington]

I JUST WOKE UP

DO I PANIC SELL OR PANIC BUY??!?!?!?!  

Just plain panic.

It works for me.

[boyshx]

damn, i went to sleep 4 hours and woke up w this blood bath, now what?

[SnokkomBTC]

 

[HI-TEC99]

But the pumper and dumpers buy back at the new lower price, or sell the coins they brought at the new higher price.

So its not a one way trade that leaves them out of the game.

Not when the exchange those pumper and dumpers trade on gets hacked, then they lose the lot.

[Lituation]

But the pumper and dumpers buy back at the new lower price, or sell the coins they brought at the new higher price.

So its not a one way trade that leaves them out of the game.

Not when the exchange those pumper and dumpers trade on gets hacked, then they lose the lot.

That will be a beautiful time in the history of BTC. Come on hackers hunt them down!

[xxxgoodgirls]

Oh yeah, cheap coins

[molecular]

hmm... https://poloniex loads an empty page for me ;-(

You should try adding .com to the end of it

fixed.

still empty page for me ;(

fix for accessing poloniex:

load other url like https://poloniex.com/balances

[notme]

Call me crazy, but I think we consolidate here for 12 - 36 hours.  Momentum is sapped for now.  I took out a small short position @1150 with a trailing stop.  Time to sleep.  After the markets rest, we can start the FOMO.

Stopped out at 1082 for around a 10% gain.  Too bad I didn't have the guts to leave it naked.