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

[Hunyadi]

It's dumping pretty hard...

[droizs]

I think this will create another panic sell  like last one... luckly i'm on my pc

[Tzupy]

It's dumping pretty hard...

Well, there was another reason for dumping, besides the pump failure, look at the chikun...

[Tzupy]

Not to be a pessimist, but the chart pattern looks eerily similar to the one that formed back in June/July, just before Bitfinex got hacked.

Wouldn't be surprised if some similar shenanigans were being attempted with Stamp or some other major exchange right now, or over the next few weeks...

^{(again, not trying to be a downer... but surprises do happen, hope I'm wrong though)}

Except that on the 30th June a small pump pushed the price up a bit, while the equivalent pump of today failed.

I think that you guys are talking about July/August (and not June/July) because the Bitfinex "hack" happened on August 2.

right?

I am talking about June 30th to July 8th, when critical support was tested. We might test the current critical support later today and probably bounce from it.
When this little pump failed, a number of traders understood the bearish implications and dumped, so the equivalent of the period mentioned above may get truncated.

That didn't take long, actually OKCoin broke it. And Huobi too. Is there some new bearish news we don't know about?

[boyshx]

See you all at 750 xoxo

[K~Ehleyr]

OMG that's exactly what my chart looks like right now 

All that upward breakout behaviour was a trick 

[becoin]

I made good profit buying bitcoins during last dump. I'll do it again. Thanks for the cheap coins.

[600watt]

so...

crypto is dead?

[elrippo]

Kraken seems to sell BTC quite hard --> 817€ at the moment speaking

[kludzins]

so...

crypto is dead?

not dead but irrational as f.... 

[droizs]

This seems like a mirror dump like the last one... Will we go to 750 or can we pass that?

[conspirosphere.tk]

I made good profit buying bitcoins during last dump. I'll do it again. Thanks for the cheap coins.

I just got my first buy order at the first support at 880 filled, and I have more orders waiting lower. Next is at 830.

[deka_ger]

I wanted to sell my BTC when the price was near the ATH.

Guess what ... I didn't - and it crashed. Now I've had the same feeling, but this time I did it. Better safe than sorry.
Will buy in again when the journey down is over.

[Fatman3001]

CHINA BANNED BITCOIN AGAIN!!!

[Jhanzo]

I suspect the dump was because of this > https://bitcointalk.org/index.php?topic=1747248.0

Whaddya think gonna happen after that?  I'm bracing myself.

[sitonmythrone]

this bits ann thread?

who dev here?

big brain dev make coin? moon?

super moon?

[boyshx]

I wanted to sell my BTC when the price was near the ATH.

Guess what ... I didn't - and it crashed. Now I've had the same feeling, but this time I did it. Better safe than sorry.
Will buy in again when the journey down is over.

Oh I'm sorry I know this feeling. we all have panic sold at least once I guess, you'll have your chance of getting back to it

[kurious]

Stamp is down again for me....  (UK)

[digitalgrow]

ive been logged into bitstamp since 1 hour in uk
no problems with trading

[conspirosphere.tk]

Bitcoin in context, by one of my favorite bloggers:
The Path to $10,000 Bitcoin  January 11, 2017
http://www.oftwominds.com/blogjan17/bitcoin10K1-17.html