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

[MinermanNC]

What's pulling the rug out from under BTC price..... all gains from last few weeks slipping away 

[Przemax]

How did it drop so fast? Any news?

Kind of old new news

http://beijing.pbc.gov.cn/beijing/132005/3233066/index.html

Keep calm and sell.

[RAJSALLIN]

What's pulling the rug out from under BTC price..... all gains from last few weeks slipping away 

China ban bitcoin

[nioc]

is crypto done??  

In China it looks like that. On previous corrections it took several gradual corrections to break critical support, now it's like hot knife through butter...

But didnt you say a dump to 660$ was about to happen these days? If so its expected market behaviour

Not so sudden, this is abnormal.

Nothing is abnormal about this. Corrective wave. Bitcoin isn't dead. Wake up

Corrective wave predicted the latest China bans btc?

Edit: posted before your post just above, lol

[podyx]

Fuck, how can it go so low on these news?

It should of been a flash crash. To me, it seems those news had substance behind them :/

[orpington]

Ugh. What exactly the fuck is it this time!?

[Cassius]

Well that got out of hand pretty fast.
Is China even awake?

[savetherainforest]

so...

crypto is dead?

not dead but irrational as f.... 

Exactly!!!      

And I love it!!! ... This will be great!

[tabnloz]

damn, just keeps falling.

speaking of falling, might see faaallllling back at this rate.

[Bitcoinb0b]

aww sheeet the Fibonacci sequence is extending with reverse momentum my nig....

[Cassius]

damn, just keeps falling.

speaking of falling, might see faaallllling back at this rate.

If you don't behave yourself igorr will appear with his favourite chart of the downtrend.

[BlindMayorBitcorn]

This is disheartening, gentlemen.

[JayJuanGee]

Fuck, how can it go so low on these news?

It should of been a flash crash. To me, it seems those news had substance behind them :/

Nah... the news is just a convenient coincidence... maybe the news may exacerbate a little bit on the margins, but in the end it is just a matter of attempting to create momentum and some whales possibly having a lot of coins to dump (I don't know from where they are getting the coins, but that may be another story)... my point is that this dump is not so out of the normal, partly because we had a three month increase in price (from lower $600s to mid-$1,100s) with hardly any correction.

[Farmer Bill]

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

No problem with any other sites - but still can't get into Stamp - have fiat there and want to get in...!

Bitstamp said if you change your DNS server to Google ( 8.8.8.8 ), it will work as a temporary solution. Have you tried that?

Thanks for that I used both 8.8.8.8 and 4.4.4.4 and Ive got Stamp back up just in time to find all my buy orders from 792 to 831 filled. Shit I could have done better had I been able to log in. Do you think this was deliberate?

[Hawkix]

Thanks for that I used both 8.8.8.8 and 4.4.4.4 and Ive got Stamp back up just in time to find all my buy orders from 792 to 831 filled. Shit I could have done better had I been able to log in. Do you think this was deliberate?

Yes. PBOC waited for Bitstamp to be unavailable.

[nioc]

This is disheartening, gentlemen.

Speaking of back, look who's back 

[Tmdz]

CRAP I knew I should have pulled this buy order at $885 and went lower

[Farmer Bill]

Thanks for that I used both 8.8.8.8 and 4.4.4.4 and Ive got Stamp back up just in time to find all my buy orders from 792 to 831 filled. Shit I could have done better had I been able to log in. Do you think this was deliberate?

Yes. PBOC waited for Bitstamp to be unavailable.

[petahashminer]

is this confirmed ?

https://twitter.com/redtheminer/status/819112826606190593

[yefi]

How did it drop so fast? Any news?

On-site inspection (raid) of BTCChina that someone posted earlier? Dunno otherwise. It sucks donkey balls.