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

[Fakhoury]

Big bounce incoming.

I feel it

[Fakhoury]

I've been wondering about those huge gaps between the Huobi price and the rest of the market during the last month.

Ominously relevant observation from the past. Listen carefully  

Toknormal, my friend, I want to hear your take please about the scene now.

[alphahacktivist]

Big bounce incoming.

I feel it

no i dont feel it. 650 it will be

[eddie13]

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.

Good plan..

[Paashaas]

no i dont feel it. 650 it will be

[Fakhoury]

no i dont feel it. 650 it will be

[JayJuanGee]

I like how in most of your minds the price just absolutely will not drop to about 600$ level and stay there sideways/decline. NOT possible at all. Its 200% confirmed its going to rally to 5k 10k 50k and beyond. Easy money, just sell house and hold for years! What a juicy investment, nothing can go wrong.

Sure, there are posters saying that, but I don't see what purpose that you have asserting that everyone is saying that.. and also there is no inevitability in BTC price movements in either direction

I, for one, described $600 within the range of possibilities because I do not have any technical training.. however, I still recognize that we had not had any correction since we had moved from lower $600s to the mid $1,100s... and so in my thinking it is within the realm of reason that there could be downward manipulation that is successful down to that arena..

I still think that it is going to be a bit more difficult if we were to pass below $700 to find sellers.. but it is not beyond reasonable expectations...

Also at the same time, this thing can bounce at any time, and as I type we are in the mid $700s, so there should be quite a few folks who would consider this price range to be super bargain coins. aka "cheap coins"...

But yeah, there may be others who think that they can push the price in order to get "cheaper coins".. none of these movements are "givens" as you seem to like to suggest

[osmotic]

Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?

STOP FUDING, IT'S NOT RAIDS, JUST NORMAL MEETINGS !!!!!!

Sorry, I misinterpreted what reuters said the PBOC said. It called them spot checks in the case of OKCoin and Huobi, but a visit in the case of BTCC.

http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15Q

The PBOC in Beijing, where officers visited the offices of OKCoin and Huobi on Wednesday, said in a statement that "spot checks were focused on how the exchanges implement policies including forex management and anti-money laundering".

Separately in Shanghai, the PBOC said it visited BTCC, noting its checks "focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses, whether it was involved in market manipulation, anti-money laundering or (carried) fund security risks."

[kurious]

The rest of my fiat is waiting for this to finish.  I don't think it has.

My last buy in was at 798.5.  Am now thinking we could see the 600s here.   I will leave a buy at 699.99 and go away for a few hours.  I hope my buy ain't hit, I fear it might be.

Good luck all.

[alphahacktivist]

no i dont feel it. 650 it will be

definitly not a troll. kindly read my past posts i already said it will drop again when everyone was saying it will just rise back over $1000. i probably hold more btc than you ever will. however i dont know how much you hold and you dont know how much i hold. lets keep it like that.

[gembitz]

http://lightning.community/release/software/lnd/lightning/2017/01/10/lightning-network-daemon-alpha-release/

 

[toknormal]

http://lightning.community/release/software/lnd/lightning/2017/01/10/lightning-network-daemon-alpha-release/

This is why I'm not too worried about the crash.

It isn't 2013 anymore. The challenges we are seeing from PBOC / manipulation / whatever are just part of growing up. Expect more. Like I said - the more knocks it takes the less harm they do.

[osmotic]

All the sell orders on stamp dried up. It's fluctuating between 371 and 529 bitcoins for sale up to $585.

[Spaceman_Spiff]

Wow, I ate a big bag of shit today. Got wiped out.  I guess that's what you get when you get overconfident.

[Torque]

There is one silver lining to this flash crash.  It didn't happen with an exchange hack or insolvency.  I don't think they could find an exchange to do it. The FUD'sters are running out of valid "reasons" for crashing the market after a sharp run up (the crash reason which they have planned all along, and wouldn't run up the market without it).

In the past, their easy targets were Mt. Gox DoS, Mt. Gox insolvency, Bitfinex hacking, other exchange hacking, etc.  But that is quickly becoming a thing of the past.  

If every exchange eventually complies with all security protocols and financial regs, and things like formal ETFs happen, then what will the whale traders have left to crash with?  Nothing. They'll have to just completely make bullshit up, which can be easily refuted with knowledge.  At some point, silly rumors and gossip just won't work anymore.

[starmman]

All the sell orders on stamp dried up. It's fluctuating between 371 and 529 bitcoins for sale up to $585.

It's not so much fun on cex.io, trading on there is not as volatile. I think I need to start trading BTC/USD on a few more exchanges.

[JayJuanGee]

God knows how someone who hodls a huge amount is feeling. I have a reasonable amount and it hurts even though I don't trade or plan to sell anytime soon.

It always feels bad when the price drops exorbitantly, and if you are prudent, in any kind of way, you are not investing more than you can afford to lose... right?

On the other hand, if you are gambling, and investing more than you can afford to lose, then you are going to feel a lot more stress about these kinds of situations that are actually within the realm of expectations.

[Fakhoury]

no i dont feel it. 650 it will be

definitly not a troll. kindly read my past posts i already said it will drop again when everyone was saying it will just rise back over $1000. i probably hold more btc than you ever will. however i dont know how much you hold and you dont know how much i hold. lets keep it like that.

To the ignore list, bye bye 

[Fakhoury]

Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?

STOP FUDING, IT'S NOT RAIDS, JUST NORMAL MEETINGS !!!!!!

Sorry, I misinterpreted what reuters said the PBOC said. It called them spot checks in the case of OKCoin and Huobi, but a visit in the case of BTCC.

http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15Q

The PBOC in Beijing, where officers visited the offices of OKCoin and Huobi on Wednesday, said in a statement that "spot checks were focused on how the exchanges implement policies including forex management and anti-money laundering".

Separately in Shanghai, the PBOC said it visited BTCC, noting its checks "focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses, whether it was involved in market manipulation, anti-money laundering or (carried) fund security risks."

No problem, it's OK

[abercrombie]

Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?

Bitfinex NOT included in the raids.  The CSO Phil aka PGP was on Whalepool live chat this morning stating that they have no interests on mainland China.  HK is where the founder lives but the operations are unaffected.

Re: https://www.youtube.com/watch?v=X-jefy5iqvk