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

[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.

[orpington]

haha "on-site inspection"

[rjclarke2000]

I'd be suprised if 666 holds to be honest. 1154 to 800, this hurts.

[MinermanNC]

Yep China is investigating BTC exchanges and alike it would seem.... such great timing

[machasm]

Well it does make you think that if the majority of trading is happening in China then being held to ransom by the PBOC is to be expected.
If Bitcoin and the traders alike can stomach this and it can survive then its onwards and upwards.
Until adoption is widespread enough (read beyond China's borders) then this is to be expected.
Doesn't stop it from hurting though as I am feeling it too.

[Ibian]

Hope it lasts till tomorrow, got fiat stuck in legacy money transfer protocols.

[European Central Bank]

Well it does make you think that if the majority of trading is happening in China then being held to ransom by the PBOC is to be expected.

if someone opened a zero fee exchange in lapland then that would become the world centre of bitcoin trading. tons of traders on the chinese exchanges will be from the west.

it's time china was dealt with once and for all. the current setup does not do bitcoin's future any good.

[gembitz]

 

[Paashaas]

This is the fastest china banning and unbanning in bitcoin history....sure fcking retards....

Watch out guys, the communist goverment will regulate Bitcoin big time, sub $500 inc

[boyshx]

780$ about to be broken

[podyx]

I knew that double top, doji and engulfing looked fucking nasty...